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Trading at Noon: Managers like financials, some sell Apple

Wednesday, May 16, 2012 - 03:45

May 16 - 13-F regulatory filings for Q1 are out and hedge fund managers are gobbling up financial stocks with some selling Apple.

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This. Smart money given these -- -- regulatory islands for you want out. You're taking. Pictures gobbled -- It offers up a captain of that bank Mair holdings. Daniel -- third point accumulate it it's not Capital One and Wells Fargo. All three companies hired. Him actually just did. And government and they advisors problem that he JPMorgan which they're still holding. I've lost roughly 10% and two million -- -- -- it was revealed last week others here's -- Meanwhile General Motors making a 4% move up on the news that Warren Buffett's Berkshire. S and China -- -- an -- and that's more than 250 million dollars and an and you win some you lose some -- that that. He also increased its stake in Wal-Mart by 20% just before news -- -- bribery scandal rocked the -- -- -- basically flat year. Timing Phillips finds coach you management once when and that is -- and Green mountain on the appears to bail out. Once high -- -- just in time pulling the plug or shares fell nearly 50%. After. Worth noting these filings are notoriously backward looking a lot of trading in -- and 45 days after a quarter ends. Let's check out action right now on the market US stocks that are pretty close to -- -- lines long Green arrows there traders -- at tracking developments from Greece. Leading what we have not on the S&P 500 higher in terms of sectors. You can see the industrials are up just not an attack. Consumer discretionary. And more. Pyrite gold prices continuing -- tumbled one bright spot for gold billionaire fund manager John Paulson. Held on his stake in the world's largest pulled back ETF -- on track. Q1 and according to pay for handling. Also in the mix BHP the biggest miners coming out this morning saying it expects commodity markets -- -- when economic expansion in China. And I let's see what that higher on Reuters markets correspondent -- Nicholas -- JC Penney shares again. Pounded today to -- -- and 20% which is the biggest drop for the Sox since 1987. The company reported first total loss last night as well as same store sales that were well below estimates in addition to retail and decided it. Cancel its when he -- quarterly dividends which makes us not the biggest break him Morgan Stanley retail index today. Prosecute and -- shares of apple today not much action but I knew I had a little larger screen may -- in store for fans sources -- tech giant has placed. Orders for the new displacement suppliers and South Korea and hand. Shares in GE right now are around and now more than 3% Imus -- percent. GE Capital One regulatory approval for a special four point five million dollar dividend GE. And in this move -- clear the way the GS PF stock buybacks and raise it here altered again. LaMont hopper getting in and Facebook's early investors are getting out. He's been increasing the size of its IPO by almost 25% and it's all thanks insiders deciding to sell more shares. Among those decreasing their stakes adding to the pool available for purchase we've got PayPal -- -- editor Peter ill Jim breyer's -- partners tiger management. -- -- ESP and Goldman sat. -- -- that way. A hundred bucks here today. May be on that early investors as one more shares around for everyone else FaceBook itself not happening in sales allotment. I'm Jen Rogers as his partner.

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Trading at Noon: Managers like financials, some sell Apple

Wednesday, May 16, 2012 - 03:45