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Trading at Noon: Chesapeake Energy; Carlyle IPO pricing

Wednesday, May 02, 2012 - 04:14

May 2 - Chesapeake Energy shares fell after the company reported earnings that disappointed investors. Also, eyeing Carlyle's IPO pricing.

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Okay. That's ACL Aubrey McClendon defending himself this morning on an earnings conference call. Following more revelations from ongoing -- investigation. Delayed at that McClendon not only rain and the nation's second largest natural gas producer. But also had 8200 million dollar hedge fund. On the sign and -- it in a very commodities Chesapeake produces -- raising a lot of eyebrows from corporate governance experts. No comment from the SEC's are McClendon for his part says there's a lot of misinformation in the media Chesapeake shares meanwhile -- off nearly 13%. At least or price cuts and new downgrades from the street -- is breaking news says investors. Should cut their losses. That Carlyle group. Playing it conservatively. Source tells writers that he shot in its price at -- between twenty to 23 dollars a share. That's a bit different in age range 2320. Which -- shares of rivals Blackstone and Apollo Group declining sharply months after their date used Carlisle is trying to position himself as different. Carlyle unique selling point is they've managed over -- phone. Most of these other firms will have about -- phones so. What the idea is that all of these funds will help when one's doing poorly the other will do better it'll help kind of steady out profits. -- they do have a unique selling point the problem is whether or not. You know prime whether or not public investors are gonna buy into that because the other three firms if you later -- -- -- top of each other they look almost identical. -- -- expected price after the close today and we'll Begin trading on the NASDAQ. Tomorrow under the ticker CG. Meanwhile. IPO by nearly a quarter today. The company also has public Tamar. But of course the most anticipated IPO is yet to come. That's FaceBook and its launch is getting ever closer. Source telling Reuters that -- that even -- should start making their official pitch to investors. This Monday. And is not himself is expected to be part of the presentation CEO Mark Zuckerberg has been operating mostly behind the scenes so far. If all goes well mark your calendars for May eighteenth FaceBook IPO the company by the way has declined. To. Yes stocks are down today after the Euro zone's manufacturing Davis -- making investors nervous -- the economic health of the region. Earlier today stocks dive after US factory orders reported their largest strap and three years. Weighing on the S&P 500 at this hour energy and financials and materials all off more than 1%. Crude futures -- and after EIA's vast stockpiles rise last week gold prices are down at the dollar climbs on the EP jobs report. And bond prices are -- today is the US treasury models selling new types of securities. To attract more investors including its floating rate debt which follows interest three minutes. After stocks to -- let's go to borders markets correspondent Ryan without. Here's have been Kapler plunging today dropping to a four month low more than twice its fifty day average volume day after the company issued a revenue outlook for the year that was below expectations. The company's first here adjusted profit was above consensus however today at least four brokers have cut their price target on the stock. You're an American Eagle soaring today there more than 11% after the retailer raised its profit forecast for the year. 31 companies are reporting results today including the IntercontinentalExchange. -- -- 815% rise in quarterly profit. Clorox got a smile it sounds as more consumers is that -- value packs of their products. And profits at master partner 21% beating analysts' and -- MasterCard travel visa reports results after the bell along with whole foods. Investors velocity keeping close watch -- shares of AIG. Which post earnings tomorrow star Mike analysts are predicting a 7% surprise to the upside for the bail out and share. That's up trading in hand I'm Jen Rogers this is --

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Trading at Noon: Chesapeake Energy; Carlyle IPO pricing

Wednesday, May 02, 2012 - 04:14