Futures Indicate Lower Open After Obama Plans to Raise Minimum Wage as Comcast Hits New 52 Week High

Feb 14, 2013, 09:30 ET from www.thestockfreak.com

NEW YORK, February 14, 2013 /PRNewswire/ --

McDonald's Corp., the largest restaurant chain in the world, was the biggest decliner in the Dow. The stock lost $1.10 to $94 after President Obama announced plans to raise the minimum wage. The Company, who has about 14,000 U.S. locations, saw shares fall more than 10% in 2012.

Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run. http://www.TheStockFreak.com

Cliffs Natural Resources Inc. (NYSE: CLF) - Shares of CLF plunged on Wednesday, making the stock the 2nd biggest loser on the NYSE. The stock closed down 19.99% after reporting a huge quarterly loss of $1.62 billion, or $11.36 per share, which is more than a third of what the entire company is worth today. The stock has a 52-week trading range of 28.05 - 73.63. Yesterday's volume at 35,448,782 shares was nearly five times higher than the stock's average volume. On January 30th, the Company's SVP, Global Operations Service sold 3283 shares at $36.42. The Company engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal.

Comcast Corporation (Nasdaq: CMCSA) - CMCSA hit a new 52-week high on Wednesday at $42.00 a share. The stock closed modestly in the green up 2.98%. Comcast has a $16.7 billion deal to buy the remaining half of NBCUniversal and is doing it ahead of schedule. General Electric has a 49 percent stake in the NBCUniversal joint venture and Comcast announced this week they would buy it several years early. Comcast said it would finance the deal with $11.4 billion of cash on hand, $4 billion in debt owed to GE, $2 billion from its own credit lines and $725 million in preferred stock issued to GE. CMCSA traded 57,070,793 shares on Wednesday, significantly higher than the stock's average of 11,874,300 shares.

Cisco Systems, Inc. (Nasdaq: CSCO) - CSCO shares closed barely in the green at 21.14 on Wednesday, just a hair away from the stock's 52-week high of $21.34.The Company reported results for fiscal Q2 2013 that generally met analyst projections. For the quarter, the company posted net sales of $12.1 billion and non-GAAP net income of $2.7 billion ($0.51 per share). Cisco Systems logged revenue of $12.10 billion. The 36 analysts polled by S&P Capital IQ looked for a top line of $12.06 billion on the same basis. GAAP reported sales were the same as the prior-year quarters. On January 31st, a Director of the company bought 7m309 shares.

Furniture Brands International Inc. (NYSE: FBN) - FBN was the biggest decliner on the NYSE yesterday closing in the red down 21.28%. The Company announced financial results for the fourth quarter and full year ended December 29, 2012. Net sales of $264.0 million was an increase of 3.3% compared to the fourth quarter of 2011 and gross margin of 20.7%  was less than 23% in the fourth quarter of 2011. Total revenue for the year decreased 3.2% to $1.07 billion from $1.11 billion in 2011. Trading volume at 3,023,925 shares was significantly higher than the stock's average of 463,931 shares. Furniture Brands International, Inc. is a world leader in designing, manufacturing, sourcing and retailing home furnishings.

Plug Power Inc. (Nasdaq: PLUG) - Plug Power was the biggest loser on the Nasdaq yesterday closing down 26.42%. The stock hit a new 52-week low on Wednesday at $0.25. Trading volume was unusually high with over 2.7 million shares traded. Plug Power Inc. engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. One month ago shares of plug were trading at more than double its current price at $0.59.

To find similar research reports that are available for free follow the link below and sign up at http://www.TheStockFreak.com

Disclosure: TheStockFreak.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

SOURCE www.thestockfreak.com