Global markets scored a 17-month high and the euro advanced as business confidence in Germany increased. The MSCI All-Country World Index (MXWD) gained for a third day, rising 0.2 percent to the highest since July 2011. Ten-year Treasury yields declined two basis points to 1.80 percent after marking an almost two-month high. The euro gained to hit an eight-month high against the dollar. Energy pushed commodities higher after the release of U.S. supply data.
Wall Street declined on Wednesday, trimming the Standard & Poor’s 500 Index from its two-month high, as federal budget talks worsened. All of the S&P 500’s 10 sectors ended the day in red, led by defensive-oriented shares including health care and consumer staples.[article_detail_ad_1]
Apollo Group Inc (NASDAQ:APOL) was the top loser in S&P 500 companies after Zacks reaffirmed its “neutral” rating on the stocks. Frontier Communications Corp (NASDAQ:FTR) was another sharp percentage decliner after CFO resignation followed by Alcoa Inc. (NYSE:AA).
Ford Motor Company (NYSE:F) was one of the most active stocks and also managed to end positive after it declared $10 million community program in Detroit’s Mexicantown.
More recently, it is reportedly predicting double-digit revenue growth in 2013 for its lackluster Lincoln Motor Co. brand. The Dearborn automaker told dealers at a recent dealer meeting that Lincoln brand will have an 18 percent rise in sales in 2013, reflecting a “good year”.
A quick look on Ford Motor Company (NYSE:F)’s price history reveals beta used to measure the volatility or systematic risk in comparison to the market as a whole was 1.53 and the percentage change in the price over the past 52 weeks remained at +7.22%. The price range in those 52 weeks had a best score of $13.05 on Jan 26, 2012 while lowest level during that period was $8.82 on Aug 02, 2012.
Among rivals, General Motors Company (NYSE:GM) moved up 34.09% in this year and its price history showed most recently beta was at 1.80. Overall during the last 12 months, the percentage change in the price was 31.30%, hitting the highest of $27.91 on Dec 19, 2012 while lowest level in that period was $18.72 on Jul 25, 2012.
Toyota Motor Corporation (ADR) (NYSE:TM)’s shares rallied 37.23% so far in 2012. The stock most recently had a beta value at 0.78 and the percentage change in the price over the last fifty two weeks remained at 40.70%. The price range in that 1-year period had a best hit of $91.41 on Dec 19, 2012 while lowest level in the same period was $64.05 on Dec 28, 2011.
So far, the share price of Tata Motors Limited (ADR) (NYSE:TTM) jumped 67.27% in this year and stock’s price history revealed that beta was maintained at 2.07 and the percentage change in the price over the last fifty two weeks remained as 59.22%.
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