Cam at the Close 2.10.12

Apple made new all-time highs today when it reached $497.62. U.S. consumer confidence slid more than consensus for February, as concerns about job prospects are still very relevant for consumers. Stocks also dropped over concerns that Greece’s plans to avoid a default were in jeopardy. The whole Greece situation is becoming quite comical at this point. On a more Macro level, China’s exports and imports declined for the month of January. This is the first time in over two years where that has happened. Oil took a beating today and closed down 0.90% to $98.94 due to ongoing Greece concerns and the Euro also declined from a two month high. Electronic Arts (EA) and Game Stop (GME) both were down over 3.5% due to a NPD Group Inc. report stating that retails sales for video games were down 34% for the month of January. Amtech Systems (ASYS) plummeted 20% to $9.01 due to lower guidance. Cobalt International Energy (CIE) surged 35% after test results from an Angola well were positive. Goldman Sachs is the company’s biggest investor….go figure. LinkedIn (LNKD) rose 14.84% to $87.72 after the company reported strong profit numbers.