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Abercrombie Shares Rise on Stock Buyback

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 1:58
  • Date

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This transcript is automatically generated

Ultimately look at that the NASDAQ of the S&P just now turning positive yeah I know you just Connie.

Health insurers I was just looking to check out some of the insurers like -- -- at -- See how they were -- -- amnesties -- popping your late in the day just got that -- you -- jets and big picture we heard apple MC minutes he did not get.

QE3 out a silver platter so we did see selling off its lead out I don't quite a couple that went down about 43 points now so little to migration going into the close -- There assisting -- -- -- when once the minutes came out at 2 PM Easton despite all -- that we've seen the financial sector do pretty well for the most part.

Actually actually right about that we've seen JPMorgan -- not Bank of America to get some earnings later in the week.

It wasn't -- is that want to know what happened with JPMorgan why they lose billions of dollars not -- bad -- Over in Europe right but they didn't get that they didn't get that recovery that they anticipated but -- so we're not yet.

My favorite color is green but aside -- -- Jack that we actually -- Lauren Green from our viewers.

Abercrombie & Fitch -- shares reporting that it's planning a big share buyback that often as a very salute Prius effect on the stock put looking into the closes a pullback.

That's right and that's what we're talking about when you hear about a company doing a buy back -- shows that they are confident.

In their company and their growth outlook and that's what we stopped but Abercrombie and -- -- in new I don't debates on the other -- JC Penney got its credit rating cut corporate SE SP that wasn't good news and also Best Buy sold off right electronics not to and so -- Let's take a quick mention about and JC Penney and again this is a huge disappointment for a lot of people with reducing -- -- -- anymore but.

The strategy that was implemented is not working here now SMP cast its vote of non confidence.

That's what their credit rating yeah.

-- Associates -- -- not I.

You know as we had.

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