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U.S. Morning Call: Investment managers go for JPM, Facebook

Wednesday, August 15, 2012 - 02:46

Aug 15 - New regulatory filings show that several big hedge fund managers loaded up on JPMorgan; some bought Facebook and more got into oil.

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Find out how the big boys -- in the second quarter and stay tuned for a slew of earnings from industry bellwethers. Here's your morning coffee this Wednesday. If you wanna invest like Warren -- start taking notes right now regulatory filings for the second quarter reveal that -- here reduce positions in Procter & Gamble. Kraft and Johnson & Johnson. On the flip side Buffett who gave big stake in ConocoPhillips spin off. And national -- he also increased his positions in Wells Fargo and -- the end. Billionaire investor George Soros was among the few to disclose owning a Facebook's date as of June 30. And JPMorgan amazing new friends in bad times JP's well trading problem attracted the likes of Jim chain house John Paulson and -- denied. Who saw the 22% drop in stock price as a buying opportunity. Being naughty in banking does not pay off standard chartered agreed to pay 340. Million dollars to those quote Americans. To be more precise New York bank regulators. For money laundering on behalf I ran a big banking known with all the embargoes to deal cancels hearing that was scheduled for the British bank today. Standard chartered shares now getting a lift up 5%. After making the deal which wraps up a week of transatlantic tension the lender still faces a separate investigation from other US agencies on the matter. US stock futures are pointing to a slight dip in the open. European shares also lowered today global financial markets still hoping for that ECB stimulus. Investors in the US we'll get a look at some inflation data before the open with the July release of CPI. Consumer prices likely increase as energy and food prices crept up. But not change the predominant view that the inflation environment is denying. Some stocks to watch today John -- plows ahead. The act equipment maker reported an 11% jump in quarterly profit this morning shares trading down slightly in the premarket. Shares of staples also falling in premarket we demand in North America Europe and Australia driving down quarterly sales at the obvious change. Abercrombie and -- up slightly and market the teen retailer saw sales rise 4% in the second quarter. And it remains to be seen it it will be on the mark with its profit expectations when it reports before the bell. Due out later today earnings from Cisco and a Limited Brands that your morning coffee this Wednesday you can follow us on Twitter at Reuters Insider. And check out -- Reuters YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard miss his writers.

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U.S. Morning Call: Investment managers go for JPM, Facebook

Wednesday, August 15, 2012 - 02:46