The Final Doherty at the Close 8.17.2012

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In major corporates news, J.M. Smucker, finished up 5.18% after reporting that their yearly profit will be above their initial projections following better than expected sales volume. Ann (ANN) jumped 20.57% after the retailer raised its yearly outlook and announced better than expected earnings. Finally, Foot Locker (FL) rose 1.71% following the athletic store’s upbeat earnings.
This will be the final Doherty at the Close as I finish my internship at KOTM and head back to school at Villanova this weekend. I hope you’ve enjoyed this market recap as much as I have. Thank you.

Thomas Doherty is majoring in FInance and Economics at Villanova University. Thomas@KeeneOnTheMarket.com