Author: FX_Trdr

President Obama’s coalition of young, minority and female voters delivered him a second term in office. The economy and auto bailout also played crucial roles in his narrow victory.

In trading on Wednesday, hospital & medical practitioners shares were relative leaders, up on the day by about 1.1%. Leading the group were shares of Vanguard Health Systems (VHS), up about 10.7% and shares of Health Management Assoc (HMA) up about 9.8% on the day.

House Speaker John Boehner offered Wednesday to pursue a deal with a victorious President Barack Obama that will help reduce the nation’s staggering debt and put its finances in order.

Health insurer WellPoint (WLP) announced that it earned $691.2 million, or $2.15 per share, in the most recent fiscal quarter, up from $683.2 million, or $1.90 per share, in the same period last year. Revenue was $15.13 billion below expectations of $15.3 billion.

Wesco International(WCC) had its price target increased by Oppenheimer (OPY) to $80 with an outperform rating as margins at the company have been strong. Shares are higher by about 2.5 percent.

Stocks extended their gains on this election day as investors consider the impact of the outcome of the presidential election on the markets. On the earnings front, CVS (CVS) narrowly beat earnings expectations and upped its full year forecast.

Energizer Holdings Incorporated (ENR) maintained a dividend of 40 cents pershare. The dividend is payable on December 12, 2012 to all shareholders of record as of the close of business on November 20, 2012.

Chipotle (CMG) was upgraded by Bank of America/Merrill Lynch (BAC) to buy from neutral with a price target of $320, as the current price providesinvestors with an attractive entry point after the share price has fallen 40% from its peak. Shares are higher by about 3.7 percent.

Babylon, a global provider of translation software solutions and Internet search services, announced that it has filed a registration statement with the SEC for aproposed IPO of its ordinary shares in the United States. The size of the offering has not yet been determined.

Earnings beat expectations for the German carmaker, rising 14 percent, but BMW’s boss says it’s facing competition from low interest financing deals. Joanne Nicholson reports