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2/22/2012
Daily Market Wrap: February 22, 2012
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2/22/2012
Menzies on Canada's Private Pension Plans
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2/22/2012
Wednesday 2/22 Insider Buying Report: CIZN, A...
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2/22/2012
Wednesday Sector Laggards: Agriculture & Farm...
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Wednesday Sector Leaders: Vehicle Manufacturers, Diagnostics

In trading on Wednesday, vehicle manufacturers shares were relative leaders, up on the day by about 1%. Leading the group were shares of Kandi Technolgies (KNDI), up about 8.8% and shares of Harley Davidson (HOG) up about 2.1% on the day.

More Business News

Dollar Tree Beats Estimates
President and CEO Bob Sasser said, "I am pleased to report that our business momentum remains strong as Dollar Tree's sales, operating margin, and earnings continued to expand in the fourth quarter. Dollar Tree is focused on providing a broad, balanced assortment of merchandise that customers need and want at surprising values. Our stores are clean, bright, convenient, seasonally relevant and fun to shop. We are looking forward to an exciting Spring and Easter selling season."
Wednesday 2/22 Insider Buying Report: SRI, TWX
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Yandex Reports Mixed Earnings For Q4
Yandex (NASDAQ:YNDX) reported EPS of $0.20, better than analyst estimates of $0.18 per share. Revenues for the quarter were $200 million, missing consensus estimates of $207.58 million. Arkady Volozh, Chief Executive Officer of Yandex said, "Yandex demonstrated strong traffic and revenue growth, capping off results for 2011 at the top end of our guidance range and building upon our clear leadership in the Russian search market. During the past year we continued to innovate and offer new services that make a difference in the lives of our users, including those in Turkey, our first market outside the CIS. This past year's significant investments in talent and infrastructure, along with our focus on the needs of users, position us well going forward. We will continue to develop a broad range of services that complement our core search platform, including maps and personal services on the desktop and on mobile platforms, emphasizing collaboration with our strategic partners."
What's In The News: February 22, 2012
This is what's in the news for Wednesday February 22, 2012. The Wall Street Journal reports the Obama administration will today propose lowering the top income tax rate for corporations to 28% from 35% but would raise overall tax revenue by eliminating dozens of deductions as it moves to restructure the corporate tax code. It raises taxes on oil and gas companies that would lose many large deductions and subsidies. The Wall Street Journal also reports shares in PSA Peugeot Citroen (PINK:PEUGY) jumped this morning after it emerged the company is in talks with General Motors (NYSE:GM) about a possible alliance. Reuters reports Ford Motor (NYSE:F) is putting $3.8B into its global pension plan this year and will invest its plan assets more heavily in bonds as it acts to minimize its pension risks in an uncertain market. Finally, Bloomberg reports Goldman Sachs Group (NYSE:GS) lowered its 12-month prediction for commodity returns, as it forecast gains for crude oil and gold, keeping an “overweight” allocation in raw materials
Toll Brothers Announces Earnings
Toll Brothers (TOL) announced that it lost $2.8 million, or 2 cents per share, for the quarter ended Jan. 31, versus a profit of $3.4 million, or 2 cents per share, in the same period last year.