A6 | THURSDAY, 04.19.2012 THE LEDGER INDEPENDENT
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STOCKS OF LOCAL INTERESTYTD
Name Ex Div Yld PE Last Chg %ChgYTD
Name Ex Div Yld PE Last Chg %ChgAES Corp NY ... ... 19 12.25 -.09 +3.5AT&T Inc NY 1.76 5.7 47 30.75 -.14 +1.7AMD NY ... ... 12 7.97 +.03 +47.6AlcatelLuc NY ... ... ... 1.92 -.08 +23.1Alcoa NY .12 1.2 19 9.95 -.04 +15.0AlphaNRs NY ... ... ... 16.20 +.06 -20.7Altria NY 1.64 5.2 19 31.66 +.05 +6.8AEP NY 1.88 4.9 9 38.00 +.01 -8.0Apple Inc Nasd 10.60 1.7 18 608.34 -1.36 +50.2ArenaPhm Nasd ... ... ... 2.16 -.40 +15.5Ashland NY .70 1.1 12 63.01 -.45 +10.2BP PLC NY 1.92 4.4 6 43.20 -.07 +1.1BkofAm NY .04 .4 ... 8.92 ... +60.4Bar iPVix NY ... ... ... 18.25 +.26 -48.6BrownFB NY 1.40 1.7 21 83.35 -.44 +3.5CSX s NY .48 2.2 13 22.21 -.23 +5.5ChesEng NY .35 1.9 6 18.06 -1.06 -19.0Chevron NY 3.24 3.1 8 103.39 -.23 -2.8CinciBell NY ... ... 16 3.72 +.03 +22.8Cisco Nasd .32 1.6 16 20.06 -.02 +11.3Citigrp rs NY .04 .1 10 35.08 ... +33.3Clearwire Nasd ... ... ... 1.76 -.13 -9.3CocaCola NY 2.04 2.8 20 74.17 +.22 +6.0Deere NY 1.84 2.3 12 80.94 +.04 +4.6DirSCBear NY ... ... ... 19.18 +.46 -27.6DukeEngy NY 1.00 4.8 16 21.02 +.20 -4.5EMC Cp NY ... ... 29 29.14 -.19 +35.3EmersonEl NY 1.60 3.2 16 50.55 -.53 +8.5ExxonMbl NY 1.88 2.2 10 85.75 +.30 +1.2FifthThird Nasd .32 2.3 12 14.16 -.20 +11.3FordM NY .20 1.7 7 11.79 -.12 +9.6FMCG NY 1.25 3.3 8 38.29 +.53 +4.1GenElec NY .68 3.6 16 19.10 -.24 +6.6Genworth NY ... ... 21 5.87 -1.83 -10.4Goodyear NY ... ... 9 10.75 +.18 -24.1Griffon NY .08 .8 ... 9.69 -.42 +6.1Hallibrtn NY .36 1.1 11 34.17 +1.51 -1.0HewlettP NY .48 1.9 9 24.93 +.21 -3.2Humana NY 1.00 1.1 10 88.43 +.07 +.9HuntBnk Nasd .16 2.5 13 6.40 +.05 +16.6iShEMkts NY .81 1.9 ... 42.23 -.20 +11.3iS Eafe NY 1.71 3.2 ... 53.26 -.28 +7.5iShR2K NY 1.10 1.4 ... 80.21 -.61 +8.8Illumina Nasd ... ... 72 44.51 +.51 +46.0Intel Nasd .84 3.0 12 27.95 -.52 +15.3IBM NY 3.00 1.5 15 200.13 -7.32 +8.8ItauUnibH NY .84 5.0 ... 16.73 -.29 -9.9IvanhM g NY ... ... ... 13.64 +1.88 -23.0JPMorgCh NY 1.20 2.8 10 43.29 -.61 +30.2
JohnJn NY 2.28 3.6 17 63.26 -.96 -3.5JohnsnCtl NY .72 2.2 14 32.84 -.32 +5.1Keycorp NY .12 1.5 8 7.99 -.17 +3.9Kroger NY .46 2.0 25 23.49 -.20 -3.0LeeEnt h NY ... ... ... 1.15 +.02 +63.1LifePtH Nasd ... ... 12 39.48 +.28 +6.3MGIC NY ... ... ... 4.00 -.10 +7.2MarathnO s NY .68 2.3 7 29.51 -.03 +.8McDnlds NY 2.80 2.9 18 97.34 +.23 -3.0MicronT Nasd ... ... ... 7.07 -.17 +12.4Microsoft Nasd .80 2.6 11 31.14 -.30 +20.0MorgStan NY .20 1.1 16 17.66 -.19 +16.7NiSource NY .92 3.8 23 24.32 -.04 +2.1NokiaCp NY 1.26 31.7 ... 3.97 -.09 -17.6NorthropG NY 2.00 3.2 9 61.92 +.15 +5.9Oracle Nasd .24 .8 15 29.13 -.16 +13.5Penney NY .80 2.4 21 33.87 -.66 -3.6PepsiCo NY 2.06 3.1 16 66.21 -.19 -.2Pfizer NY .88 3.9 18 22.45 +.14 +3.7PhilipMor NY 3.08 3.5 18 87.74 +.29 +11.8PwShs QQQNasd .49 .7 ... 66.61 -.17 +19.3PremFin Nasd ... ... 10 7.79 +.11 +77.0PrUShS&P NY ... ... ... 15.49 +.10 -19.7ProctGam NY 2.25 3.4 17 66.75 -.27 +.1Qualcom Nasd 1.00 1.5 25 66.99 -.25 +22.5RadioShk NY .50 8.3 9 6.05 -.13 -37.7RegionsFn NY .04 .6 37 6.21 -.08 +44.4ReynAmer NY 2.24 5.4 17 41.43 -.28 0.0RiteAid NY ... ... ... 1.49 -.06 +18.3S&P500ETF NY 2.64 1.9 ... 138.61 -.47 +10.4SeagateT Nasd 1.00 3.5 76 28.96 +1.07 +76.6SearsHldgs Nasd .33 ... ... 56.01 -1.37 +76.2SiriusXM Nasd ... ... 17 2.27 +.03 +24.7SprintNex NY ... ... ... 2.52 -.09 +7.7SPDR Fncl NY .22 1.4 ... 15.34 -.10 +18.0Supvalu NY .35 5.6 ... 6.22 -.22 -23.4Textron NY .08 .3 34 26.65 -1.00 +44.1US Bancrp NY .78 2.5 12 31.30 -.25 +15.7UnvslCp NY 1.96 4.3 14 45.53 +.16 -.9Vale SA NY 1.55 6.7 ... 23.19 -.05 +8.1VangEmg NY .91 2.1 ... 42.62 -.19 +11.5VerizonCm NY 2.00 5.3 44 37.66 -.08 -6.1WalMart NY 1.59 2.6 14 62.06 +.19 +3.8Walgrn NY .90 2.5 12 35.51 +.44 +7.4WellPoint NY 1.15 1.7 10 69.17 -.79 +4.4WellsFargo NY .88 2.6 12 33.57 -.11 +21.8Wendys Co Nasd .08 1.7 ... 4.83 -.02 -9.9Yahoo Nasd ... ... 18 15.49 +.48 -4.0Zynga n Nasd ... ... ... 10.04 -.27 +6.7
THE MARKET IN REVIEW
Stock Footnotes: g = Dividends and earnings in Canadian dollars. h = Does not meet continued-listing standards. lf = Late filing with SEC.n = New in past 52 weeks. pf = Preferred. rs = Stock has undergone a reverse stock split of at least 50 percent within the past year. rt =Right to buy security at a specified price. s = Stock has split by at least 20 percent within the last year. un = Units. vj = In bankruptcy orreceivership. wd = When distributed. wi = When issued. wt = Warrants. Gainers and Losers must be worth at least $2 to be listed in tablesat left. Most Actives must be worth at least $1. Volume in hundreds of shares. Source: The Associated Press. Sales figures are unofficial.
MUTUAL FUNDS
PIMCO TotRetIs CI 151,030 11.19 +1.6 +6.1/D +8.6/A NL 1,000,000Vanguard TotStIdx LB 69,995 34.59 -1.5 +7.1/B +1.3/A NL 3,000Vanguard InstIdxI LB 67,783 126.91 -1.2 +8.4/A +1.0/B NL 5,000,000Fidelity Contra LG 60,967 77.04 +0.3 +10.8/B +4.4/B NL 2,500American Funds GrthAmA m LG 58,599 32.39 -1.4 +3.8/D +0.8/D 5.75 250Vanguard 500Adml LB 58,095 127.74 -1.2 +8.4/A +1.0/B NL 10,000American Funds CapIncBuA m IH 57,179 51.05 -0.4 +4.2/A +0.7/C 5.75 250Vanguard TotStIAdm LB 56,340 34.60 -1.4 +7.2/B +1.4/A NL 10,000American Funds IncAmerA m MA 55,422 17.36 -0.7 +5.4/B +1.7/C 5.75 250American Funds CpWldGrIA m WS 47,942 34.84 -2.6 -2.2/C -0.6/B 5.75 250American Funds InvCoAmA m LB 46,242 29.50 -1.7 +4.7/C +0.1/C 5.75 250Vanguard InstPlus LB 43,245 126.92 -1.2 +8.4/A +1.0/B NL 200,000,000Dodge & Cox Stock LV 40,764 111.71 -3.1 +1.5/D -3.3/E NL 2,500American Funds WAMutInvA m LV 40,556 30.11 -1.2 +8.6/A +0.5/B 5.75 250Dodge & Cox IntlStk FV 40,221 31.73 -5.1 -9.8/C -3.5/A NL 2,500FrankTemp-Franklin Income A m CA 37,953 2.14 -1.3 +1.6/E +2.5/D 4.25 1,000Vanguard TotStIIns LB 35,828 34.61 -1.4 +7.2/B +1.5/A NL 5,000,000Vanguard WelltnAdm MA 33,758 57.20 -0.9 +6.8/A +4.0/A NL 50,000American Funds EurPacGrA m FB 31,443 38.89 -2.7 -7.2/B -0.8/A 5.75 250American Funds SmCpWldA m WS 13,980 38.23 -1.5 -4.4/D +0.4/B 5.75 250Lord Abbett AffiliatA m LV 5,926 11.54 -2.5 -1.7/E -2.7/D 5.75 250Putnam GrowIncA m LV 4,486 14.04 -3.0 +1.5/D -2.9/D 5.75 500Putnam MultiCapGrA m LG 3,161 55.74 -1.4 +4.8 +1.3 5.75 500INVESCO ConstellA m LG 2,558 24.47 -1.4 +2.9/E -2.3/E 5.50 1,000Federated EqIncA m LV 379 19.08 -2.1 +9.8/A +0.7/A 5.50 1,500FrankTemp-Franklin KY TF A m SL 192 11.62 +1.4 +13.0/C +4.8/B 4.25 1,000Pioneer RealEstA m SR 82 23.73 +1.1 +12.2/C -1.1/C 5.75 1,000
Total Assets Total Return/Rank Pct Min InitName Obj ($Mlns) NAV 4-wk 12-mo 5-year Load Invt
CA -Conservative Allocation, CI -Intermediate-Term Bond, ES -Europe Stock, FB -Foreign Large Blend, FG -Foreign LargeGrowth, FV -ForeignLarge Value, IH -World Allocation, LB -Large Blend, LG -Large Growth, LV -Large Value, MA -Moderate Allocation, MB -Mid-Cap Blend, MV -Mid-Cap Value, SH -Specialty-heath, WS -World Stock, Total Return: Chng in NAV with dividends reinvested. Rank: How fund performed vs.others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum $ needed to invest in fund. Source: Morningstar.
DAILY DOW JONES
GAINERS ($2 OR MORE)
NYSE8,030.37 -33.71
AMEX2,396.11 +8.57
NASDAQ3,031.45 -11.37
Volume
Name Vol (00) Last ChgIntel 702545 27.95 -.52Clearwire 535140 1.76 -.13Microsoft 400089 31.14 -.30PwShs QQQ38153366.61 -.17Yahoo 348455 15.49 +.48Apple Inc 330681 608.34 -1.36SiriusXM 300906 2.27 +.03SeagateT 293044 28.96 +1.07MicronT 285112 7.07 -.17ArenaPhm284857 2.16 -.40
MOST ACTIVE ($1 OR MORE)
LOSERS ($2 OR MORE)
Name Last Chg %ChgCatalystH 85.23 +21.69 +34.1OptiBk rsh 2.80 +.48 +20.7TianliAgri 2.10 +.32 +18.0Intphse 6.63 +.84 +14.5PVF Cap 2.29 +.24 +11.7Cimatron 4.30 +.44 +11.5SXC Hlth 89.36 +9.10 +11.3RIT Tech 3.95 +.37 +10.3PerfTech 2.46 +.21 +9.3TecumsehB 4.35 +.36 +9.0
Name Last Chg %ChgPrimaBio n 8.30 -3.74 -31.1ArenaPhm 2.16 -.40 -15.6TOP Ship rs 2.14 -.37 -14.7AltoPlrm 12.30 -1.73 -12.3PostRockE 2.31 -.31 -11.8EmclaireF 18.01 -2.24 -11.1FsthdTech 30.30 -3.70 -10.9MMyTrip 18.97 -2.04 -9.7BG Med 5.97 -.63 -9.5EnerNOC 6.88 -.70 -9.2
DIARYAdvanced 733Declined 1,725Unchanged 127Total issues 2,585New Highs 56New Lows 52
1,551,969,152Volume
Name Vol (00) Last ChgCheniereEn72217 17.90 +.30NovaGld g 32954 6.53 -.18Vringo 32087 3.91 +.07Rentech 24277 2.14 -.03Dreams 23204 3.40 ...GoldStr g 18732 1.52 -.04DenisnM g 17915 1.76 +.06NwGold g 17854 9.94 +.06AntaresP 17140 2.95 -.04ParaG&S 11685 2.25 -.08
MOST ACTIVE ($1 OR MORE)
GAINERS ($2 OR MORE)
LOSERS ($2 OR MORE)
Name Last Chg %ChgMedgenics 5.45 +.80 +17.2GoldRsv g 4.35 +.21 +5.1ChiRivet 19.32 +.91 +4.9ContMatls 16.15 +.65 +4.2Servotr 9.90 +.37 +3.9Timmins g 2.14 +.08 +3.9TrioTch 2.14 +.08 +3.9ParkCity 4.00 +.14 +3.6Flanign 7.38 +.19 +2.6SuprmInd 3.18 +.08 +2.6
Name Last Chg %ChgEngex 2.25 -.35 -13.5Aerocntry 10.50 -.90 -7.9HstnAEn 3.49 -.29 -7.7WizrdSft rs 2.27 -.19 -7.7ExtorreG g 4.62 -.31 -6.3IntTower g 3.69 -.23 -5.9RareEle g 5.48 -.33 -5.7VistaGold 2.85 -.17 -5.6MexcoEn 7.25 -.42 -5.5PernixTh 8.65 -.49 -5.4
DIARYAdvanced 170Declined 286Unchanged 30Total issues 486New Highs 5New Lows 9
Name Vol (00) Last ChgBkofAm 1533988 8.92 ...S&P500ETF1131900138.61 -.47ChesEng 921697 18.06 -1.06Genworth 720908 5.87 -1.83SprintNex 664390 2.52 -.09SPDR Fncl505977 15.34 -.10iShR2K 431882 80.21 -.61Bar iPVix 417739 18.25 +.26Citigrp rs 405930 35.08 ...iShEMkts 375432 42.23 -.20
MOST ACTIVE ($1 OR MORE)
GAINERS ($2 OR MORE)
LOSERS ($2 OR MORE)
Name Last Chg %ChgFeihe Intl 4.84 +.68 +16.3IvanhM g 13.64 +1.88 +16.0DigDMda n 6.90 +.90 +15.0UtdRentals45.75 +4.84 +11.8Polaris s 80.50 +7.37 +10.1Cenveo 2.83 +.24 +9.3SteelPtrs 13.40 +1.05 +8.5Vipshop n 5.90 +.46 +8.5Willbros 4.33 +.34 +8.5MediaGen 3.79 +.26 +7.4
Name Last Chg %ChgYPF Soc 13.12 -6.38 -32.7Intermec 5.39 -2.05 -27.6Genworth 5.87 -1.83 -23.8TrGasSur 2.18 -.41 -16.0Tsakos 6.73 -1.10 -14.0GNIron 74.80 -8.34 -10.0Ternium 21.44 -2.32 -9.8CameltInfo 2.91 -.26 -8.2McEwenM 3.40 -.29 -7.9MesaR lf 34.20 -2.94 -7.9
DIARYAdvanced 1,004Declined 2,016Unchanged 113Total issues 3,133New Highs 53New Lows 43
3,402,773,390Volume 66,742,017
STOCK EXCHANGE HIGHLIGHTS
dd uu dd
11,000
11,500
12,000
12,500
13,000
13,500
O AN D J F M
12,680
12,940
13,200Dow Jones industrialsClose: 13,032.75Change: -82.79 (-0.6%)
10 DAYS
EUROPE WEIGHS HEAVILY ON U.S. STOCK MARKET
NEW YORK | It hardly needed it, but the U.S. stock market on Wednesday got another reminder of how its fortunes are inexorably tied to the European economy.
All three major U.S. stock indexes sank after a dismal report about bad loans on the books of Spanish banks. The day before, U.S. stocks soared after Spain held a successful auction of 2-year bonds.
The results underscored how the stock market can whipsaw on even incremental news out of Europe, and it has done just that for the past cou-ple of weeks. In the 11 trading days of the second quarter so far, the Dow has fallen by triple digits four times, with Europe as a notable factor. Twice, it has risen by that same propor-tion.
It’s not just the news itself, which can vary from hope-ful to horrific and back again in just a couple of days. It’s that investors have been in-consistent in how they react, sometimes shrugging off what seems like significant developments and at other times seizing on what seems piecemeal.
It’s a time when “one headline can get you to change your mind,” said Gary Flam, portfolio man-ager at Bel Air Investment Advisors in Los Angeles. “When you go from one day being concerned about Spain to the next day, ‘Oh, they had a good auction,’ that’s a lack of conviction,” meaning investors aren’t sure what to think.
The market “is really dif-ficult to classify” at the mo-ment, added Mike Schenk, senior economist at the Credit Union National As-sociation, a trade group. “On one hand you hear about ‘best day since whatever,’ on the other hand you have days and weeks that don’t look good at all.”
The Dow Jones industrial average fell as much as 86 points in the opening min-utes of trading on Wednes-day, a sharp U-turn from Tuesday’s gain of 194 points — which was its second-best day of the year so far. It was down 86 points again, to 13,032, by mid-afternoon. IBM and Intel fell the most in the Dow after reporting flat revenue late Tuesday.
The Standard & Poor’s 500 fell seven points to 1,384 and the Nasdaq composite index fell 18 points to 3,024. — AP
WALL STREET
A6 | THURSDAY, 04.19.2012 THE LEDGER INDEPENDENTA6 | BUSINESS THURSDAY, 04.19.2012 | THE LEDGER INDEPENDENT
DINA CAPPIELLOAssociated Press
WASHINGTON | The Obama administration on Wednesday set the first-ever national standards to control air pollution from gas wells that are drilled using a method called hydraulic fracturing, or fracking, but not without making concessions to the oil and gas industry.
President Barack Obama in his State of the Union address strongly backed natural gas drilling as a clean energy source, and recently announced an executive order calling for coordination of federal regulation to ease burdens
on producers. But he has come under criticism by the industry and Republi-cans for policies they say discourage energy devel-opment.
Top EPA officials said Wednesday that the new regulations would ensure pollution is controlled without slowing natural gas production.
“By ensuring the capture of gases that were previ-ously released to pollute our air and threaten our climate, these updated standards will protect our health, but also lead to more product for fuel sup-pliers to bring to market,” said EPA Administrator Lisa Jackson in a statement.
Much of the air pollu-tion from fracked gas wells is vented when the well transitions from drilling to actual production, a three- to 10-day process which is referred to as “completion.” An earlier version of the rule limit-ing air pollution from gas wells would have required companies to install pollu-tion-reducing equipment immediately after the rule was finalized.
Drillers now will be given more than two years to employ technology to reduce emissions of smog- and soot-forming pollut-ants during that stage.
The Environmental Pro-tection Agency will require drillers to burn off gas in the meantime, an alterna-tive that can release smog-forming nitrogen oxides, but will still slash overall emissions.
Industry groups had pushed hard for the delay, saying the equipment to reduce pollution at the
wellhead during comple-tion was not readily avail-able. About 25,000 wells a year are being fracked, a process where water, chemicals and sand are injected at high pressure underground to release trapped natural gas.
Besides the new stan-dards for oil and gas wells, the EPA also on Wednes-day updated existing rules for natural gas processing plants, storage tanks and transmission lines that will reduce amounts of cancer-causing air pollution, such as benzene, and also reduce methane — the main in-gredient in natural gas, but also one of the most potent global warming gases.
There were other chang-es made since the EPA proposed the rule last July under a court order that stemmed from a lawsuit brought by environmental groups.
Wells drilled in low-pres-sure areas, such as coalbed methane reserves, would
EPA to slash air pollution from natural gas wells
DOUGHBOYS PIZZERIA NOW OPEN | the Fleming County Chamber of Commerce recently held a ribbon cutting for its Doughboys Pizzeria grand opening at 231 W. Water Street. Pictured, from left, are: Chamber Directors Steve Kelly, Donna Fryman, Lori Ulrich and Janet Egan, Lisa Gilkerson, Doughboys Pizzeria representa-tive Chris Clark, Directors Tiffany Reeder, Mary Ann Hopper and Gary Kinder, Fleming County Judge-Executive Larry Foxworthy and Flemingsburg Mayor Marty Voiers. Also attending, but not pictured, were Chamber Executive Director Crystal Ruark and Administrative Assistant Debbie Richardson. Doughboys Pizzeria is open Sunday through Thursday, 11 a.m.-10 p.m. and Friday/Saturday from 11 a.m. — 11 p.m. Call 849-2115 or check the website at http://store6.geomerx.com/behappyeatpizza/ where you can place an order online.
be exempt because they release less pollution during completion. And companies that choose to re-fracture wells using the pollution-reducing equipment prior to the January 2015 deadline would not be covered by other parts of the regula-tion.
Since companies could capture the natu-ral gas and sell it, the EPA estimates that they would save about $11-$19 million a year start-ing in 2015.
The American Pe-troleum Institute, the main lobbying group for the oil and gas industry, said that much of the industry was already doing that.
“We don’t need (the EPA) to come and tell our members we will save you money,” said Howard Feldman, the institute’s director of regulatory and scientif-ic affairs. “Their busi-ness is natural gas. They get it that they are try-ing to capture as much gas as they can.”
