And, bad business blunders. How corporations this year are attempting to recover reputations. First business starts now. Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its wednesday, december 26th. Im angela miles. In todays first look the final trading days of 2012. Stocks are closing in on the 4th Straight Year of gains. As of last week, the dow was up roughly 7 . The s p climbed 13 . And are you ready for this . The nasdaq is up around 20 . Herbalife plans to respond to accusations that its Business Model is a pyramid scheme at an Analyst Meeting january 7th. The flu season could be good for walgreens. The pharmacy chain stands to make hefty profits with this projected to be the worst flu season in 10 years. And Delta Airlines is hiring 400 flight attendants for overseas flights in the summer of 2013. Applications are flying in. Fresh of his christmas vacation, Tim Mulholland lands on our show today for trader talk. Good morning to
Today kicks off a Fresh Trading year. In a quick rundown of best the stocks to own in 2012, bank of america was the top gainer in the dow, up more than 100 . Ironically, it was the biggest loser in 2011. Pulte group, a homebuilder stock, surged 195 . Apple also makes the cut despite struggling at the end of the year. The stock was up roughly 27 . Traders are already setting up for the jobs numbers due out this friday. Its expected 135,000 jobs were added and the Unemployment Rate will remain unchanged at 7. 7 . There is the sound of the opening bell on our show for a new trading year. Gary kozlowski of united futures trading joins us, and happy new year to you gary. Happy new year to you. What do you anticipate the january effect will look like this year . We had so many people sitting on the sideline at the end of december this past year. What we are looking at, everybody is antsing, they want to get themselves into this market as soon as possible. They want to see what they can get i
Gold is trading back below 13 hundred and oil above 101 dollars as the traders fear unrest overseas could lead to supply problems. Amazon has plans for a free, advertising supported streaming service for tv and music. The news caused a 10 dollar sell off in netflix last night which streams movies. And a report says brookstone which is famous for upscale gadgets is preparing to file for bankruptcy. Trader Gary Kozlowski of united futures joins us on this friday morning. Good morning. Its been way too long since weve had you on the show gary. I feel the same way. Good morning to you. Whats going on with this tech trouble . Some of these momentum namesteslatheyre all starting to fall apart. Whats happening . Its not really a falling apart. What were seeing is a lot of the fund traders pulling back. This is the end of the First Quarter so we gotta keep that in the back of our mind. Come tuesday when the first of the month rolls around youll start to see people slowly creeping back in. One
And new meaning, next time you checked into a place you might be greeted by a google blast of smart watches. Not science fiction. Already happening at some of Virgin Atlantic checking desks. All aboard, countdown to the closing bell starts now. Liz the nasdaq up 46 points, good afternoon, everybody, im liz claman. It is the last hour of trading, and stocks are rallying for the fourth straight session with the dow jjst breaking through the 16,000 level. After a day for the history books on capitol hill. Right now we are up more than 200 point offense the Dow Jones Industrials, and you can thank janet yellen for much of this rally as she becomes the first female fed chair to give testimony to lawmakers. She made it quite clear she will stay the doveish course set by her predecessor, ben bernanke. She specifically used the word continuity in stressing the fed will stay on the path of trimming its bond purchases, but she said the recovery is, quote, far from complete. Investors took those
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