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Doherty at the Close 8.13.2012

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European markets ended similar to the US, if not slightly lower, with the Stoxx Europe down -0.4%. In other european news, Greece is reported to have contracted 6.2% in the second quarter and is expected to lose near 7% of its GDP year over year.

In corporate news, Sears (SHLD) gained 5.72% after Barron’s reported that their proposed asset sales could boost the company’s share price after faltering in national prominence over the last decade. Google also gained 2.81% after they announced that they will be buying the Frommer’s travel guide brand from John Wiley & Sons (JWB) and will be cutting employees to reduce Motorola’s Mobility’s workforce to 20%, or nearly 4,000 jobs.

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Morning Rage 8.13.2012

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The Hang Seng fell for a second session in a row dropping .3% today. Tencent Holdings lost 1.9%, but
is still up over 45% this year. Citi analysts agree with their performance stating that Tencent should
be “resilient” to the slowdown in China. Yanzhou Coal lost 5.2% today after a downgrade to sell from
neutral by Goldman Sachs. The property sector was down yet again today as Citic lost 7.3% however
Haitong added 4.4%.

Europe is just slightly down at the moment with the FTSEurofirst off .1% today with very low trading
at 11% of its 90-day daily average. Investors are appearing unsure of where to put their money at the
moment in Europe.

BAC agrees to sell Merrill Lynch’s private bank outside the US to Switzerland’s Julius Baer for 1.47B Swiss
Francs. BAC needs a strong cash position to meet Basel III requirements.

At the moment commodities are showing crude +.70%, natural gas +1.05%, gold +.25% and silver the
only downer -.12%.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu

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Doherty at the Close 8.10.2012

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In corporate news, Monster Beverage (MSNT) lost 12%, the biggest drop in the S&P after reporting a smaller than expected increase in Q2 profit and a reported scandal involving their ingredients.

JC Penney (JCP) climbed 6% climbed after executives said that the company has plenty of cash to complete a turnaround and revitalize their stores, despite falling on EPS and revenue. Finally, Manchester United (MANU) premiered on the NYSE today to a stable buying as their stock hovered above the $14 level all day long.