Investor Alley Inc.

Mid-Day Follow-Up Commentary on Selected Picks: (NASDAQ: FITB), (NASDAQ: MDLZ)

 

New York, NY -- (ReleaseWire) -- 01/18/2013 -- Fifth Third Bancorp (NASDAQ: FITB), a regional bank based in Cincinnati, Ohio, is marginally higher in mid-day trading today, extending its gains from the previous trading session. FITB had gained nearly 5% on Thursday after the company reported its fourth-quarter financial results. FITB reported fourth-quarter net income of $390 million, or $0.43 per share, compared to $305 million, or $0.33 per share reported for the same period in the previous year.

Earlier today, FITB also announced that it extended over $13 billion in credit to business customers. At last check, FITB was trading 0.58% higher at $16.39 on volume of 10.06 million, which is slightly below the daily average volume of10.32 million.

Get what traders and investors are looking for when it comes to FITB by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=FITB

Mondelez International Inc. (NASDAQ: MDLZ), a maker of chocolate, biscuits, gum, candy, coffee and powdered beverages, is marginally lower in mid-day trading today. At last check, MDLZ was trading 0.20% lower at $28 on volume of 8.78 million, which is below the daily average volume of 11.61 million.

Despite the pullback today, MDLZ has gained more than 2% for the week. The stock, in fact, has had an excellent run since last week. MDLZ is currently trading close to $28.25 resistance level. The upward trend could continue if the stock breaks through this level.

MDLZ said earlier this week that it will release its quarterly results on February 13, 2013.

Find out more on MDLZ by getting the free full report here:
http://www.monstertradingalerts.com/market-scan/?symbol=MDLZ

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