Results tagged “DDS” from MarketMinute.com Market Updates

A drop in new home construction weighed down the markets during the midday with the Dow slipping 13 points to 10,390. Nasdaq edged up a fraction to 2306.

On the upside

Sunoco (Nasdaq: SUN) announced that it will spin off its metallurgical coke manufacturing unit SunCoke Energy in 2011.

Pharmacyclics (Nasdaq: PCYC) will sell shares to institutional investors in order to raise approximately $40 million.

The Federal Bureau of Prisons awarded the GEO Group (NYSE: GEO) a new ten year contract to manage the Rivers Correctional Institution in North Carolina.

On the downside

Genoptix (NYSE: GXDX) forecast second quarter results below expectations lowered its full year guidance.

A Texas jury sided with Dilliard's (NYSE: DDS) in a software license dispute with JDA Software (Nasdaq: JDAS) and ordered JDA to pay $246 million in damages.

Nokia (NYSE: NOK) warned that second quarter earnings will fall short due to a competitive market.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 668.

Despite a greater than expected gain in April retail sales, the markets opened lower with the Dow sinking 117 points to 10,665 over concerns that European spending cuts will halt the global economic recovery. Nasdaq plunged 41 points to 2353.

On the upside

Merit Medical Systems (Nasdaq: MMSI) will pay approximately $96 million to acquire BioSphere Medical (Nasdaq: BSMD).

First quarter earnings for Dillard's (NYSE: DDS) surged to beat expectations by a wide margin as margins improved.

Hauppauge (Nasdaq: HAUP) introduced its tuner board to stream live TV to Apple's iPad, iPhone and iPod touch.

On the downside

Although Nvidia (Nasdaq: NVDA) swung to a first quarter profit, the company forecast disappointing revenue for the current quarter.

CA (Nasdaq: CA) disappointed with fourth quarter results that missed expectations.

A Senate amendment lowering debit card fees weighed down shares of Visa (NYSE: V) and Master Card (NYSE: MA).

In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 12 points to 697.

A gain in January consumer spending lifted the markets during the midday with the Dow climbing 64 points to 10,390. Nasdaq gained 29 points to 2268.

 

On the upside

RiskMetrics Group (NYSE: RISK) will be acquired in a $1.55 billion cash and stock deal by MSCI (NYSE: MXB).

Dilliards (NYSE: DDS) swung to a profit as the department store chain cut costs.

USEC (NYSE: USU) nearly doubled its fourth quarter earnings as revenue rose.

On the downside

Although fourth quarter earnings for Perfect World (Nasdaq: PWRD) surged, the results missed expectations.

JPMorgan Chase cited valuation concerns for downgrading Taser International (Nasdaq: TASR).

Commercial Metals (NYSE: CMC) will either sell or simply close its joist and deck business. 

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 11 points to 640.

The markets continued to advance during the midday with the Dow surging 176 points to 8445 as homebuilder sentiment climbed in April.  Nasdaq soared 31 points to 1712.

On the upside

Shares of ICICI Bank (NYSE: IBN) rose after an election victory by India's Congress Party fueled optimism for banking reform.

Quicksilver Resources (NYSE: KWK) will raise $280 million through the sale of 27.5% of its natural gas leasehold interests to ENI (NYSE: E).

Dillard's (NYSE: DDS) reported higher first quarter earnings even as sales fell.

Shares of Zale (NYSE: ZLC) continued rising over optimism that jewelry sales will rebound.

On the downside

Although AngloGold Ashanti (NYSE: AU) swung to a first quarter profit, the results fell short of estimates prompting an upgrade.

Converted Organics (Nasdaq: COIN) reported that first quarter sales of its organic fertilizer products was $492,000, below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq.  The Russell 2000 which tracks small cap stocks leaped 12 points to 488.

The markets opened higher as retailers lured shoppers with bargain prices.  The Dow gained 41 points to 8510 while Nasdaq added 4 points to 1529.

 

On the upside

Jones Apparel Group (NYSE: JNY) consolidated and reduced its $1.25 billion lines of credit into a single $600 million line of credit with more flexibility.

The Federal Reserve approved GMAC's application to become a bank, which now allows the auto finance company to apply for government loans. General Motors (NYSE: GM) stock surged.

Intertgral Systems (Nasdaq: ISYS) reported higher fourth quarter earnings and revenue.

On the downside

Capstone Turbine (Nasdaq: CPST) filed a $150 million shelf registration with the Securities and Exchange Commission.

Investors locked in profits for EPIX (Nasdaq: EPIX), which won FDA approval for its imaging agent Vasovist on Wednesday.

The first decline in holiday sales in forty years weighed down shares of Dillards (NYSE: DDS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq.  The Russell 2000 which tracks small cap stocks added a point to 472.

The markets rebounded during the midday as oil prices continued to decline and investors anticipate another rate cut by the Federal Reserve.  The Dow soared 138 points to 8517 while Nasdaq added 7 points to 1559.

On the upside

Shares of Fifth Third Bancorp (Nasdaq: FITB) and Huntington Bancshares (Nasdaq: HBAN) surged after the regional banks applied to participate in the government capital infusion program.

B/E Aerospace (Nasdaq: BEAV) reported higher third quarter earnings that topped analyst estimates as sales in the company's corporate jet unit rose.

Dillard's (NYSE: DDS) shareholders Barington Capital Group and Clinton Group demanded the ouster of the retailer's management team including chief executive William Dillard II.

On the downside

Analysts cited cardiovascular side effects to Savient Pharmaceuticals' (Nasdaq: SVNT) gout treatment Puricase for advocating caution.

CNA Financial (NYSE: CNA) blamed heavy investment losses for swinging to a third quarter loss prompting its majority shareholder Loews (NYSE: L) to announce a $1.25 billion cash infusion into the commercial insurer.

JPMorgan analyst Himanshu Patel downgraded auto parts supplier ArvinMeritor (Nasdaq: ARM) citing declining demand from European commercial truck companies.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq.  The Russell 2000 which tracks small cap stocks eased a fraction to 470.

The markets closed flat over disappointing retail sales and rising oil prices.  The Dow added two points to 13,552 while Nasdaq gained 11 points to 2724.

On the upside

A rally of the renewable energy sector lifted shares of DayStar Technologies (Nasdaq: DSTI) higher.

Shares of MBIA (NYSE: MBI) rose despite being placed on credit negative watch by Fitch Ratings last week for a possible downgrade.

Comerica Bank will increase Akeena Solar's (Nasdaq: AKNS) credit line from $7.5 million to $25 million.

On the downside

Shares of specialty department store retailer Stage Stores (NYSE: SSI) tumbled over disappointing holiday retail sales.

Weak holiday retail sales weighed down shares of Dillard's (NYSE: DDS).

Disappointing holiday retail sales weighed down shares of Brown Shoe Co. (NYSE: BWS).

In the broad market, advancing issues edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by a margin of 9 to 7 on Nasdaq.  The Russell 2000 which tracks small cap stocks rose 3 points to 797.