Market News

November 13, 2012  Tue 7:31 AM CT

Loss To Be Wider than Expected

AK Steel predicted a fourth-quarter loss of $0.67 to $0.72 a share, partially because of a $0.33 charge on the value of deferred tax assets. Analysts only expected a loss of $0.19. Management also predicted lower selling prices for its steel. AKS fell 9 percent before the bell on my tradeMONSTER platform.

Dick's Sporting Climbs on Earnings Beat

Dicks Sporting Goods reported profit of $0.40 a share on revenue of $1.31 billion. That beat the consensus estimates of $0.37 and $1.30 billion, respectively. Management also raised guidance, sending DKS higher by almost 5 percent in early trading.

Nanosphere Climbs on FDA Nod

Nanosphere said that the Food & Drug Administration granted clearance permitting marketing of its CYP2C19 nucleic acid test on the automated Verigene System. NSPH rose by 14 percent in the premarket.

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Education & Strategy

President John F. Kennedy, Thanksgiving 1963

This Proclamation by JFK was delivered November 4, 1963. It proclaimed November 28, 1963 as a day of national thanksgiving.

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