Note to Editors: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS CIRCUIT
NEW YORK, NY -- (Marketwire) -- 01/21/13 -- The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.
American Express Company (NYSE: AXP) shares declined 1.58 percent on nearly 10 million shares traded Friday. The company reported net income for the fourth quarter plunged 47 percent, due largely in part to a sharp increase in charges related to restructuring costs.
General Electric Company (NYSE: GE) shares spiked 3.5 percent on more than double the average daily volume Friday. The company reported a 7.5 percent gain in fourth quarter earnings, which were driven by strong sales in emerging markets.
Intel Corporation (NASDAQ: INTC) shares declined 6.3 percent on over 140 million shares traded Friday. The company reported profits in the fourth quarter fell 27 percent as slowing PC demand continues to effect sales.
Morgan Stanley (NYSE: MS) shares surged 8 percent on more than three-times the average daily volume Friday after reporting their fourth quarter earnings. Morgan Stanley reported a net income of $867 million in the fourth quarter, compared to a loss of $374 million in the year ago quarter.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.
A third party, Providence Media Strategies LLC has paid Equity News Circuit four hundred and fifty dollars for the publication of this news release. Neither Equity News Circuit, nor the hiring party, has a financial relationship with any company whose stock is mentioned in this release. Neither Equity News Circuit nor the hiring party are a registered investment advisor, and nothing in this report is intended as a solicitation to buy or sell any security.