Halftime Report 8.8.2012

Gold futures gained $1.20 to $1614.00 and WTI crude oil futures fell 67 cents to $93.00.

Dean Foods (DF) gained over 38% after posting strong earnings and plans to start an organic foods unit.

Discount travel sites posted terrible earnings last night, sending Orbitz (OWW) and Priceline.com (PCLN) down over 25% and 15% respectively. Priceline reported that international travel, a large piece of their business, declined during the previous quarter due to worries in Europe.

Yet another coal stock, Alpha Natural Resources Inc. (ANR) faced a 7% decline as they reported a net loss of 33 cents a share. Last year at this time they reported a net income of 99 cents a share.  The coal industry has taken a blow this earnings season.


David Cornes holds a degree in economics from the University of Montana.

linkedintwitter