Results tagged “AAPL” from MarketMinute.com Market Updates
A drop in initial claims for unemployment applications lifted the markets to a higher open with the Dow gaining 60 points to 10,447. Nasdaq rose 15 points to 2244.
On the upside
Apple (Nasdaq: AAPL) announced that it will remove restrictions on the use of third party development tools which will now allow the use of Adobe's (Nasdaq: ADBE) Flash technology.
Santarus (Nasdaq: SNTS) secured exclusive manufacturing and distributing rights to the approved prescription diabetes treatment Cycloset.
AU Optronics (NYSE: AUO) was selected to join the 2010 Dow Jones Sustainability World Index.
On the downside
The Securities and Exchange Commission launched an investigation into Fuqi International (Nasdaq: FUQI) for noncompliance with Nasdaq listing requirements.
McDonald's (NYSE: MCD) reported higher same store sales for August of 4.9% but the increase lagged July's 7% growth.
Spartech (NYSE: SEH) disappointed with a third quarter loss.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 638.
Investors embraced an unexpected gain in the Institute for Supply Management's manufacturing index to send the markets soaring to a sharply higher close with the Dow surging 254 points to 10,269. Nasdaq leaped 62 points to 2176.
On the upside
Local.com (Nasdaq: LOCM) entered an agreement with Yahoo Publisher Network to distribute paid search results.
Four Exelixis (Nasdaq: EXEL) officers purchased over $1 million worth of common shares in August.
Second quarter earnings for Jos. A. Bank Clothiers (Nasdaq: JOSB) climbed to beat expectations as revenue rose.
Apple (Nasdaq: AAPL) unveiled new iPod features and introduced a lower priced, redesigned Apple TV.
The Securities and Exchange Commission's investigation into KB Home (NYSE: KBH) for possible accounting violations ended with no enforcement action.
JMP Securities analyst Alex Gauna downgraded Research in Motion (Nasdaq: RIMM) and lowered second quarter as well as fiscal 2012 earnings estimates citing competition from Android smartphones and Apple's (Nasdaq: AAPL) iPhones but the stock price climbed.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 22 points to 624.
The markets recovered in late afternoon trading to close modestly higher with the Dow rising 19 points to 10,060. Nasdaq gained 17 points to 2141.
On the upside
An article in Seeking Alpha recommended Applied Material (Nasdaq: AMAT).
Bloomberg reported that Apple (Nasdaq: AAPL) is negotiating with News Corp. (Nasdaq: NWSA) to offer television shows on iTunes for 99 cents per rental.
Pfizer (NYSE: PFE) and Bristol-Myers Squibb (NSYE: BMY) will present results from a late stage clinical trial of its blood thinner apixaban at the European Society of Cardiology Congress 2010.
On the downside
Dycom Industries (NYSE: DY) disappointed with lower fourth quarter earnings that fell short of expectations as expenses climbed.
EnergySolutions (NYSE: ES) declared a quarterly dividend of $0.025 per share payable on September 10 to shareholders of record September 3.
JMP Securities downgraded Annaly Capital (NYSE: NLY).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 604.
A surge in the nation's trade deficit rattled investors to send the markets tumbling to a sharply lower close with the Dow skidding 265 points to 10,378. Nasdaq plummeting 68 points to 2208.
On the upside
Second quarter earnings for Macy's (NYSE: M) surged to surpass estimates prompting the department store operator to raise its full year outlook.
On the downside
Systemax (NYSE: SYX) reported higher second quarter earnings but the results fell far short of expectations.
Second quarter earnings dropped for URS (NYSE: URS) amidst a challenging economy.
Motorola (NYSE: MOT) began taking pre-sale orders for its Droid 2 smartphone but the stock price fell.
While fourth quarter earnings rose for Cisco (Nasdaq: CSCO), revenue missed expectations.
Apple (Nasdaq: AAPL) will replace first generation iPod nano units sold in Japan between September 2005 and December 2006 that overheat.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 25 points to 620.
Despite a drop in homebuilder sentiment, the markets closed higher with the Dow gaining 56 points to 10,154 over merger and acquisition news. Nasdaq climbed 19 points to 2198.
On the upside
Evergreen International Balanced Income Fund (NYSE: EBI) will liquidate the fund after business close on Monday, August 16, 2010.
Motorola (NYSE: MOT) will sell its wireless networks business to Nokia Siemens Networks for approximately $1.2 billion.
Shares of Arena Pharmaceuticals (Nasdaq: ARNA) continued to soar on hopes that its obesity treatment lorcaserin.
On the downside
Shares of Apple (Nasdaq: AAPL) fell ahead of its earnings release tomorrow as analysts voiced concerns that profit margins may disappoint.
Goldman Sachs removed Bank of America (NYSE: BAC) from its conviction buy list.
Radio One (Nasdaq: ROIAK) extended the expiration date of its exchange offer to July 31 from July 15..
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 613.
The markets closed sharply higher with the Dow surging 146 points to 10,363 as earnings impressed. Nasdaq jumped 43 points to 2242.
On the upside
Standard Pacific (NYSE: SPF) will release second quarter earnings after market close on Thursday, July 29, 2010.
Flagstar Bancorp (NYSE: FBC) regained listing compliance with the NYSE.
Brooks Automation (Nasdaq: BRKS) lifted its third quarter guidance above analyst expectations.
On the downside
Consumer Reports refused to recommend Apple's iPhone 4 (Nasdaq: AAPL) citing reception problems.
Bank of America/Merrill Lynch analyst Vivek Arya initiated coverage of Calix (NYSE: CALX) with an Underperform rating citing valuation concerns.
BioMimetic Therapeutics (Nasdaq: BMTI) will raise capital through the offering of 5 million common shares.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 21 points to 642.
The markets traded near the flatline during the midday with the Dow adding 5 points to 10,143 as a drop in sales tempered news of better than expected gain in wholesale inventories. Nasdaq rose 5 points to 2180.
On the upside
Monsanto (NYSE: MON) will pay a $2.5 million fine to the Environmental Protection Agency for selling mislabeled genetically altered cotton seeds.
Wendy's (NYSE: WEN) introduced four new salads to its menu and will test breakfast items at select locations.
Fortress Investment (NYSE: FIG) bought approximately $232 million worth of loans made to DaVinci Holdings.
On the downside
The Department of Education will review Grand Canyon Education's (Nasdaq: LOPE) federal student loan program processes and procedures.
Big 5 Sporting Goods (Nasdaq: BGFV) blamed the weak economy and cold weather on the West Coast for lowering its second quarter guidance.
NTP sued smartphone makers Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT), Motorola (NYSE: MOT), HTC Corp. and LG Electronics for patent infringement.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 622.
An unexpected drop in existing home sales sent the markets tumbling to a lower close with the Dow plunging 148 points to 10,293. Nasdaq dropped 27 points to 2261.
On the upside
Apple (Nasdaq: AAPL) sold 3 million iPads in 80 days.
On the downside
Shares of Curis (Nasdaq: CRIS) continued to fall after its colorectal cancer treatment failed a clinical trial.
Zale (NYSE: ZLC) made a partial payment of $5.3 million to Citibank (NYSE: C) for credit card services.
IBISWorld ranked Saks (NYSE: SKS) last in three out of four metrics used in their Retailer Health Rating.
The soaring cost of the Gulf of Mexico oil spill raised concerns that smaller, more successful oil exploration firms such as Cobalt International Energy (NYSE: CIE) may be forced to exit the area.
Premier Exhibitions' (Nasdaq: PRXI) largest shareholder announced plans to sell its 46% stake in the company.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 7 to2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 14 points to 645.
The strengthening Euro lifted the markets to a modestly higher close with the Dow rising 24 points to 10,434. Nasdaq added a point to 2307.
On the upside
Pre-orders for Apple's (Nasdaq: AAPL) iPhone 4 surpass expectations.
Boeing (NYSE: BA) announced the completion of the first 787 Dreamliner jet flight with General Electric's (NYSE: GE) Trent 1000 engines.
Motorola (NYSE: MOT) announced a new phone for corporate clients based on Microsoft (Nasdaq: MSFT) software.
On the downside
Preliminary results indicate that NMT Medical's (Nasdaq: NMTI) CLOSURE I stroke prevention device failed a clinical trial.
Arrowhead Research (Nasdaq: ARWR) will sell 6.6 million common shares and warrants to purchase 3.3 million common shares through a registered direct offering.
A second shareholder expressed opposition to Charles River's (NYSE: CRL) acquisition of WuXi Pharma Tech (NYSE: WX).
In the broad market, advancing issues barely outpaced decliners by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 665.
A plunge in retail sales was tempered by rising consumer sentiment. The markets opened mixed with the Dow losing 11 points to 10,161 while Nasdaq rose 11 points to 2230.
On the upside
Wendy's/Arby's Group (NYSE: WEN) may be the target of a take-over.
Bristol-Myers (NYSE: BMY) and Pfizer (NYSE: PFE) stopped a clinical trial of its blood clot preventer apixaban because there was clear evidence that the drug prevented strokes in patients eith atrial fibrillation.
Possible mergers among Spanish banks lifted shares of Banco Santander (NYSE: STD).
Fourth quarter earnings for ArcSight (Nasdaq: ARST) surged to beat expectations as revenue climbed prompting an upgrade.
On the downside
An AT&T (NYSE: T) database of Apple (Nasdaq: AAPL) iPad owner email addresses was posted on a website.
General Electric (NYSE: GE) did not respond to Banco de Bogota's offer to purchase GE's Central American bank business.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 643.
Initial applications for unemployment benefits fell while the total number of jobless workers dropped to its lowest level in 18 months. The markets opened higher with the Dow soaring 230 points to 10,130 while Nasdaq surged 43 points to 2202.
On the upside
Rumors circulated that Apple (Nasdaq: AAPL) may approach ARM Holdings (Nasdaq: ARMH) to manufacture its iPad.
First quarter earnings surged for A-Power Energy (Nasdaq: APWR) prompting the wind turbine maker to lift its full year guidance.
Men's Wearhouse (NYSE: MW) reported higher first quarter earnings that beat expectations by a wide margin.
On the downside
Kid Brands (NYSE: KID) announced that a secondary offering of nearly 4.4 million common shares has been priced at $7.25 per share.
Cereplast (Nasdaq: CERP) will sell approximately 2.1 million units through a registed direct offering to raise nearly $7.5 million.
Cadence Design Systems (Nasdaq: CDNS) priced its offering of $300 million in senior convertible notes.
In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 12 points to 630.
The markets opened higher with the Dow rising 47 points to 9987 ahead of wholesale inventories and sales data. Nasdaq gained 11 points to 2182.
On the upside
Take-Two Interactive (NYSE: TTWO) reversed year ago losses to post a better than expected profit for the second quarter.
Ciena (Nasdaq: CIEN) narrowed second quarter losses.
Teoco will pay approximately $58 million in cash to acquire TTI Team Telecom (Nasdaq: TTIL).
On the downside
Allscripts-Misys Healthcare Solutions (Nasdaq: MDRX) will acquire Eclipsys (Nasdaq: ECLP) in an all stock deal valued at approximately $1.3 billion.
France Telecom chief executive Stephane Richard said that Nokia (NYSE: NOK) is losing market share in Europe to Apple's (Nasdaq: AAPL) iPhone.
Ambac Financial (NYSE: ABK) warned that it may have to file for bankruptcy protection.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 622.
The government launched a civil and criminal investigation into the oil spill in the Gulf of Mexico sending the markets tumbling in late afternoon trading with the Dow plunging 112 points to 10,024. Nasdaq plummeted 34 points to 2222.
On the upside
Shares of environmental emergency response services company Clean Harbors (NYSE: CLH) continued rising after another failed attempt to stop the oil leak in the Gulf of Mexico.
More than 2 million Apple (Nasdaq: AAPL) iPads have been sold over the past two months.
Arrowhead Research (Nasdaq: ARWR) will present data from a phase 1 clinical trial of its cancer treatment CALAA-01 at the 2010 American Society of Clinical Oncology Annual Meeting on June 6, 2010.
On the downside
Savvis (Nasdaq: SVVS) will acquire Fusepoint for approximately $124.5 million.
Shares of Borders (NYSE: BGP) tumbled as Amazon (Nasdaq: AMZN) prepares to launch a thinner version of its Kindle book reader.
Trico Marine Services (Nasdaq: TRMA) named Richard Bachmann to the position of chairman and interim chief executive officer.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 20 points to 640.
Discussions between the U. S. and China at the Strategic and Economic Dialogue opened with China taking a more assertive stance on investment, currency and trade issues. The markets traded mixed during the midday with the Dow falling 47 points to 10,146 while Nasdaq rose 6 points to 2235.
On the upside
Morgan Stanley analyst Katy Huberty lifted her price target for Apple (Nasdaq: AAPL) to $310 from $275 citing expanding sales in China and said the stock may climb as high as $400.
Goldman Sachs upgraded Citigroup (NYSE: C) to a Buy rating .
A surprisingly strong gain in existing home sales lifted shares of Home Depot (NYSE: HD).
On the downside
Goldman Sachs downgraded Wells Fargo (NYSE: WFC).
Dynegy (NYSE: DYN) announced on Friday that shareholders approved a 1-for-5 reverse stock split to take effect on or about May 25, 2010.
Puerto Rican bank Popular (Nasdaq: BPOP) announced the resignation of chief executive David Chafey, Jr. effective immediately.
In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 648.
Passage of the Senate banking reform bill provided a measure of certainty with investors gaining enough confidence to lift the markets to a higher close with the Dow soaring 125 points to 10,193. Nasdaq leaped 25 points to 2229.
On the upside
Eagle Rock Energy (Nasdaq: EROC) unitholders approved the Global Transaction Agreement allowing the company to close the sale of its Minerals Business for $174.5 million.
Shares of Zale (NYSE: ZLC) rose ahead of its earnings release next week.
Shares of Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) all rose after passage of the Senate banking reform bill provided certainty for investors to make informed decisions.
The Federal Trade Commission expects Apple's (Nasdaq: AAPL) mobile advertising network iAd to compete against Google (Nasdaq: GOOG) and therefore approved Google's acquisition of AdMob.
Moody's Investors Service lifted its outlook on Las Vegas Sands (NYSE: LVS) and affirmed its corporate rating on the casino operator.
On the downside
Micromet (Nasdaq: MITI) will provide updated results on several BiTE antibody development programs at two medical conferences in June.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 649.
The markets traded lower during the midday with the Dow falling 60 points to 10,450 as mortgage applications tumbled to the lowest volume in thirteen years. Nasdaq lost 12 points to 2304.
On the upside
ChipMOS Technologies (Nasdaq: IMOS) reversed year ago losses to post a profit for the first quarter as revenue surged.
BJ's Wholesale Club (NYSE: BJ) reported higher first quarter income that topped analyst estimates and raised its outlook for the full year.
Caris & Co. upgraded DreamWorks (Nasdaq: DWA) to a Buy rating.
Shares of Visa (NYSE: V) recovered after falling for two days over concerns that new fee regulations will hurt revenue.
On the downside
Denny's (Nasdaq: DENN) shareholders will decide whether to oust chief executive Nelson Marchioli, board chair Debra Smithart-Oglesby and former chair Robert Marks or maintain the current board.
The Wall Street Journal reported that Apple's (Nasdaq: AAPL) iPhone took 72% of the smartphone market in Japan but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 676.
The markets tumbled to close sharply lower with the Dow plunging 113 points to 10,782 in reaction to a Wall Street Journal article revealing a federal investigation into the deceptive practices of major banks when they sold mortgage backed securities. Nasdaq plummeted 30 points to 2394.
On the upside
Hauppauge Digital (Nasdaq: HAUP) introduced its tuner boards to stream live TV to Apple's (Nasdaq: AAPL) iPad, iPhone and iPod touch.
Speedus (Nasdaq: SPDE) subsidiary Zargis Medical was selected by the Army's Telemedicine & Advanced Technology Research Center to present their medical devices at the American Telemedicine Association Conference.
Shares of InfoLogix (Nasdaq: IFLG) continued to surge after the company announced yesterday a strategic partnership with Wavelink to provide voice-enabled mobile solutions for SAP transactions.
On the downside
China Yuchai International (NYSE: CYD) reported higher first quarter income and revenue but the stock price dropped.
Cogdell Spencer (NYSE: CSA) priced its offering of 6.5 million shares at $7 per share.
O'Charley's (Nasdaq: CHUX) swung to a greater than expected loss for the first quarter and provided no guidance for the full year.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 709.
On the upside
Microsemi will acquire White Electronic Designs (Nasdaq: WEDC) for approximately $163 million in cash.
Danaher (NYSE: DHR) lifted its outlook for the first quarter to top analyst estimates.
The Wall Street Journal reported that a version of Apple's (Nasdaq: AAPL) popular iPhone will be available on Verizon (NYSE: VZ) this summer.
On the downside
GenVec (Nasdaq: GNVC) ended a Phase 3 clinical trial of its pancreatic cancer treatment TNFerade saying that the drug was ineffective.
While LDK Solar (NYSE: LDK) narrowed losses for the fourth quarter, the results fell short of analyst expectations.
Stifel Nicolaus downgraded Maguire Properties (NYSE: MPG).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 686.
On the upside
The Minerals Management Service paid Callon Petroleum (NYSE: CPE) $44.7 million to refund the company for overpaying royalties at the Medusa Field in the Deepwater Region of the Gulf of Mexico.
Boeing (NYSE: BA) swung to a profit that topped estimates as revenue climbed.
Benchmark Capital analyst Edward Atorino upgraded Moody's (NYSE: MCO) and lifted his fourth quarter earnings estimate for the company.
On the downside
Fitch Ratings lowered U. S. Steel's (NYSE: X) rating to junk status saying that it will take the company a long time to return to profitability.
Toyota Motor (NYSE: TM) halted the sale and production of eight car models including the popular Camry and Corolla due to gas pedals that can stick and cause cars to accelerate without warning.
Shares of Barnes & Noble (NYSE: BKS) dropped after Apple (Nasdaq: AAPL) unveiled its new iPad without the rumored Barnes & Noble e-store.
In the broad market, declining issues edged out advancers by a margin of 10 to 9 on the NYSE while advancers outpaced decliners by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 6 points to 618.
On the upside
Fourth quarter earnings surged for Volterra Semiconductor (Nasdaq: VLTR) to surpass analyst estimates prompting an upgrade.
While fourth quarter earnings tumbled for Baker Hughes (NYSE: BHI), the results topped expectations by a wide margin.
Shares of Barnes and Noble (NYSE: BKS) rose over rumors that Apple's (Nasdaq: AAPL) new Tablet will offer a Barnes and Noble online store.
On the downside
While Zoran (Nasdaq: ZRAN) narrowed losses for the fourth quarter, revenue fell short of estimates.
Ener1 (Nasdaq: HEV) will raise approximately $60 million through an offering of common shares.
While Regions Financial (NYSE: RF) narrowed fourth quarter losses, loan loss provisions rose.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 619.