Stock Market Today

The J.M. Smucker Company (NYSE:SJM) – Rising Prices Change Dynamics

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(Best Syndication News) A declining dollar and higher commodity prices have made things more difficult for companies like The J.M. Smucker Company (NYSE:SJM). So far the food products company has been able to push higher prices onto retailers, but inflation has put pressure on earnings.

Earnings in the fourth quarter 2011 fell 21 percent, primarily from a divestiture last year and higher tax rate. Higher prices help boost sales 11 percent beating analyst expectations.

Analysts had expected the earnings per share to match the last quarter of 99 cents. “GAAP earnings per share were $0.82 this quarter and $1.01 in the fourth quarter of last year, including restructuring and merger and integration costs, which I will refer to as special project costs,” Mark Smucker, President, U.S. Retail Coffee, said in a conference call today.

Stock Market Today – Bank of America BAC and JPMorgan Chase JPM hit 100-day Lows

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(Best Syndication News) Most stock markets in the United States were lower again today, with the Dow down six days in a row (see stock market charts below). Markets around the world were lower with the exception of the Tokyo Stock Exchange and Shanghai Stock Exchange. The Canada S&P/TSX composite index hit a 100-day low Wednesday.

Dow Jones

The Dow Jones Industrial Average (DJIA) fell 21.87 points (-0.18%) to 12,048.94. Over the last five days the Dow is down 5.6 percent (see world market chart below). Volume was lower than average and so was the daily range. Volatility was low.

Stock Market Today – CSCO BAC and HPQ Hit 100-Day Lows

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(Best Syndication News) Stocks were higher throughout most of the world Tuesday, but were declining Wednesday (See charts below). In the United States, markets were higher but declined near closing.

There will be several earnings statements released on Wednesday. Ciena Corporation (NASDAQ:CIEN), Harry Winston Diamond Corporation (TSE:HW), Piedmont Natural Gas Company, Inc. (NYSE:PNY), and Verint Systems Inc. (NASDAQ:VRNT) will release their earnings report.

Nintendo Co., Ltd (PINK:NTDOY) Microsoft ( NASDAQ:MSFT) Higher Sony (NYSE:SNE) Lower

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(Best Syndication News) Woes at Sony continue to push their share price lower while a new announcement from Nintendo helps bolster their stock value (see comparison chart below). Microsoft was also higher.

The share price of Nintendo Co., Ltd (ADR) (PINK:NTDOY) jumped 0.25 (0.91%) to $28.17. It continued to gain in after hours, up another five cents (0.16%) to $28.22.

The company unveiled their new video game system, the Wii U, in Los Angeles today. Satoru Iwata, Nintendo global president, was onstage demonstrating the device that looks part-tablet and part-game console. The Wii U incorporates a touch screen similar to a tablet.

Stock Market Today – Southern Copper SCCO Plummets – Bank America BAC Hits 100-Day Low

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(Best Syndication News) Most stock markets around the world were lower Monday with the exception of the London Stock Exchange and Bombay Stock Exchange (see stock charts below). All of the sectors were down with the Energy sector declining the most.

The share price of Southern Copper Corporation (USA) (NYSE:SCCO) fell 3.94 (-11.35%) to $30.78. Gold, silver and copper futures were all higher in New York Monday, but this did not put upward pressure on this stock.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) was down 0.14 (-0.28%) to $49.79. Other mining stocks were lower, but none of them declined like Southern Copper.

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