Author: FX_Trdr

Sprint (S) announced that it lost $1.3 billion during the fourth quarter, roughly the same as the same period last year. The loss amounted to 44 cents per share versus 43 cents per share a year earlier.

The Labor Department coming out with positive unemployment numbers this morning, signifying a recovery in the job market. The number of American filing for jobless claims fell last week by 5,000, to 366,000. Although this was higher than what analysts h

Marathon Oil (MRO) announced that it earned 55 cents per share, below estimates of 68 cents per share, for the most recent fiscal quarter versus 78 cents per share in the same period last year. Revenues were $4.236 billion, higher by 11.2% versus the same period last year, and beating estimates of $3.772 billion.

Shares of Boise Cascade (BCH) rose by more than 24 percent in their first day of trading, indicating a thaw in the IPO market. The strong demand for shares in the wood and building product maker may also be an indication that the housing market may be recovering as the unemployment rate drops and interest rates remain low.

Kellogg (K) had its estimates and price target increased by BMO (BMO) due to improving North American sales trends. A $63 price target was issued with a market perform rating.

Arch Coal (ACI) was downgraded by JP Morgan (JPM) to neutral as the company is employing a high amount of leverage. Shares are higher by about 1.5 percent.

Secretary of State John Kerry was ceremonially sworn into office at the State Department, Wednesday. In remarks following the swearing in, Kerry vowed the U.S. will not retreat from the world stage due to budget constraints or global challenges.

In trading on Wednesday, real estate shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of China Hgs Real Estate (HGSH), up about 18% and shares of Brookfield Asset Management (BAM) up about 0.4% on the day.

Time Warner (TWX) announced it earned $1.17 billion, or $1.21 per share, for the fourth quarter of 2012, up from $773 million, or 76 cents per share, in the same period last year. Adjusted earnings were $1.17 per share, beating analyst estimates of $1.10.

Idle No More protesters rallied across the country, and gathered on Parliament Hill in Ottawa, vowing to maintain pressure on the government as MPs return to work