Stocks Crossing 50-Day SMA 12/12: (TSL) (XOM) JOY) Above; (TEVA) (KOG) (TLT) Below
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Crossing and above:
- Trina Solar (NYSE: TSL) - up 10.6 percent. Up on word that China allocated $2 billion to solar projects this year. Shares have closed higher 11 of the last 14 since its quarterly results on November 20th.
- Exxon Mobil (NYSE: XOM) - up 1.0 percent. Energy and crude producers higher following FOMC comments earlier. In part, the continued market activity by the Fed pushed the dollar lower, making crude contracts cheaper to outside investors.
- Joy Global (NYSE: JOY)- up 4.2 percent. Topped Q4 EPS views by 22 cents today, while revs of $1.59 billion outpaced the consensus.
- Hess Corp (NYSE: HES) - up 3.1 percent. Gaining along with the energy sector today, but also announced a discovery offshore Ghana at Pecan-1. For more color, click here.
- Teva Pharmaceutical (NYSE: TEVA) - down 5.2 percent. Announced a series of cost-cutting measures today, which did not sit well with investors. FOr more on the measures, click here.
- Kodiak Oil & Gas (NYSE: KOG) - down 1.8 percent. Lowers a SunTrust downgraded share to Neutral today, while lopping its price target by 17 percent.
- iShares Barclays 20+ Year Treas Bond (NYSE: TLT) - down 1.0 percent. The first ETF to be mentioned on the report, U.S. Treasuries seeing a little pressure following planned action by the Fed, as announced earlier. For more on the FOMC statement, click here.
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