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| Thursday Sector Laggards: Music & Electronics Stores, Education & Training Services In trading on Thursday, music & electronics stores shares were relative laggards, down on the day by about 1.1%. Helping drag down the group were shares of Gamestop (GME), down about 4.3% and shares of HH gregg (HGG) down about 1.3% on the day. Daily Wrap: 1/26/2012 It was a mixed day for the markets with stocks traded mostly flat, but drifting lower later in the day, as the latest jobless numbers suggest an improvement in the employment picture, but that was offset by disappointing numbers from the housing sector. Revisiting the American Dream: Is the U.S. Providing Fewer Opportunities to Get Ahead? The following post was published on http://knowledge.wharton.upenn.edu on January 18, 2012. Analyst Moves: GHL, DPS Greenhill (GHL) was upgraded today by Goldman Sachs (GS) from sell to neutral with a $49 price target, as Greenhill has been experiencing more consistent sales, as well as cutting costs. Earnings Roundup: MMM, CAT 3M (MMM) announced higher than expected quarterly earnings due to strong demand from industrial and transport markets that was able to offset weak demand from its consumer electronics units. Earnings were $954 million, or $1.35 per share, versus $928 million, or $1.28 per share, in the same period last year. Analysts had expected $1.31 per share. Revenues increased to $7.1 billion, which met analyst estimates. |