Results tagged “UAUA” from MarketMinute.com Market Updates
Jobless claims dropped to a two-month low to lift the markets to a modestly higher close with the Dow rising 28 points to 10,415 while Nasdaq added 7 points to 2236.
On the upside
Community Health Systems (NYSE: CYH) submitted a proposal to manage Beaufort Regional Health System.
Credit Suisses upgraded Skilled Healthcare Group (NYSE: SKH).
Men's Wearhouse (NYSE: MW) reported higher second quarter earnings that topped analyst expectations and forecast third quarter results ahead of estimates.
On the downside
Susquehanna Financial Group downgraded Skechers USA (Nasdaq: SKX) to a Neutral rating.
United Air Lines (Nasdaq: UAUA) reported higher passenger revenue miles for August but the results missed estimates and analysts warned that the slowing economy may negatively impact future revenue.
Emmis Communications (Nasdaq: EMMS) founder and chief executive Jeffrey Smulyan withdrew his $2.40 per share offer to acquire the company.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 634.
Consumer spending posted a strong 0.4% increase in July but personal income rose by a less than expected 0.2%. The markets opened lower with the Dow losing 50 points to 10,100 while Nasdaq fell 11 points to 2142.
On the upside
3M (NYSE: MMM) will pay approximately $943 million to acquire automated fingerprint identification systems company Cogent (Nasdaq: COGT).
Hewlett-Packard (NYSE: HPQ) announced a plan to buy back up to $10 billion worth of common shares.
The Justice Department granted antitrust approval to United Airlines parent UAL's (Nasdaq: UAUA) acquisition of Continental Airlines (NYSE: CAL) after Continental gave 18 of its roundtrip slots at Newark Liberty to Southwest.
On the downside
DG Fast Channel (Nasdaq: DGIT) forecast third quarter as well as full year results below analyst expectations.
A Superior Court denied Skilled Healthcare Group's (NYSE: SKH) motion for a mistrial in a lawsuit that alleged Skilled Healthcare violated safety codes with inadequate staffing.
Jefferies & Co. downgraded Lululemon Athletica (Nasdaq: LULU) to an Underperform rating.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 613.
Despite a surprising drop in retail sales, the markets closed modestly higher with the Dow rising 38 points to 10,211 as consumer sentiment soared to a two and a half year high. Nasdaq climbed 24 points to 2243.
On the upside
British information technology firm Viglen will run Netlist's (Nasdaq: MDNU) HyperCloud memory modules on its servers.
Falling oil prices lifted shares of United Air Lines parent UAL (Nasdaq: UAUA) and US Airways (NYSE: LCC).
Mircrosoft (Nasdaq: MSFT) priced Office 2010 at a very competitive price of $149 for a basic download version.
Delcath Systems (Nasdaq: DCTH) will host a conference call on June 15, 2010 to discuss corporate developments and drug trial data.
Morgan Keegan initiated coverage of Oracle (Nasdaq: ORCL) with an Outperform rating.
TheStreet.com expects NetApp's (Nasdaq: NTAP) stock price to gain 10%.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 649.
On the upside
United Airlines parent UAL (Nasdaq: UAUA) and US Airways (NYSE: LCC) engaged in merger discussions.
March same store sales for Gap (NYSE: GPS) surged 11% to beat analyst expectations by a wide margin.
Hot Topic (Nasdaq: HOTT) reported lower same store sales for March but the results were better than expected and the teen retailer announced a one-time cash dividend of $1 per share along with a regular dividend of 7 cents per share payable on May 3, 2010 to shareholders of record April 19, 2010.
On the downside
Compellent Technologies (NYSE: CML) lowered its revenue outlook for the first quarter to fall below analyst estimates prompting downgrades.
A Food and Drug Administratin advisory panel rejected Forest Laboratories' (NYSE: FRX) lung disease treatment Daxas citing the possibility of dangerous side effects.
Robert W. Baird downgraded KeyCorp (NYSE: KEY).
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 696.
On the upside
AgFeed Industries (Nasdaq: FEED) impressed with record revenue for 2009 as production volumes surged.
UBS upgraded Yum Brands (NYSE: YUM), operator of quick service franchises such as KFC and Pizza Hut, to a Buy rating.
United Airlines parent UAL (Nasdaq: UAUA) reported a 10.5% surge in passenger revenue for January.
On the downside
Although Microvision (Nasdaq: MVIS) narrowed fourth quarter losses, revenue dropped to fall short of estimates.
Invesco (NYSE: IVZ) reported that its assets under management for 2010 has fallen from end of December levels.
II-VI (Nasdaq: IIVI) withdrew its $10 per share acquisition offer for Zygo (Nasdaq: ZIGO).
In the broad market, advancing issues were on par with decliners on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 669.
On the upside
United Airlines parent UAL (Nasdaq: UAUA) reported higher January unit revenue and traffic.
Diversified Realty (NYSE: DDR) priced its offering of more than 37 million shares of common stock at $8.16 per share.
Japan Airlines rejected overtures by Delta (NYSE: DAL) to switch alliances to SkyTeam and will continue its partnership with American Airlines (NYSE: AMR) through Oneworld.
On the downside
While Electronic Arts (Nasdaq: ERTS) narrowed third quarter losses, the video game publisher forecast current quarter results well below analyst estimates prompting a downgrade.
Toreador Resources (Nasdaq: TRGL) priced its offering of 3 million common shares at $8.50 per share.
Energy Conversion Devices (Nasdaq: ENER) swung to a wider than expected loss for the second quarter a sales tumbled.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 591.
On the upside
Oppenheimer analyst Sam Dubinsky lifted his price target for Solarfun Power Holdings (Nasdaq: SOLF).
Kulicke & Soffa Industries (Nasdaq: KLIC) chairman and chief executive Scott Kulicke and interim chief financial officer Michael J. Morris will both make presentations at the 12th Annual Needham Growth Stock Conference in New York.
Earlier this week, China TransInfo Technology (Nasdaq: CTFO) announced that it secured a contract valued at approximately $3.9 million to design a comprehensive management and transportation emergency response center information system for Shanghai.
On the downside
Broadwind Energy (Nasdaq: BWEN) will offer 15 million common shares.
Apple (Nasdaq: AAPL) purchased mobile advertising firm Quattro Wireless.
United Airlines (Nasdaq: UAUA) announced fee waivers for flight changes for travelers going to or returning from the Midwest and Southeast due to winter storms.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 637.
On the upside
Morgan Stanley analyst William Greene expects the airline industry to recover in 2010 with increases in revenue per available seat mile as costs per available seat mile declines. Shares of United Air Lines (Nasdaq: UAUA), Delta Air Lines (NYSE: DAL) and US Airways (NYSE: LCC) all rose.
Ford (NYSE: F) reported a sharp 33% jump in auto sales for the month of December.
Aegean Marine Petroleum Network (NYSE: ANW) will acquire marine fuel supplier Verbeke Bunkering N.V.
On the downside
As part of a lawsuit settlement, H&R Block (NYSE: HRB) will refund up to $19.4 million to Express IRA clients.
Spartan Stores (Nasdaq: SPTN) warned of weak third quarter results due to continued economic challenges.
Claymore Dividend & Income Fund (NYSE: DCS) announced that approximately 51.8% of its common shares were tendered for its in-kind offer through the expiration date.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 638.
On the upside
BioForm Medical (Nasdaq: BFRM) will be acquired by privately held Merz Pharma Group for approximately $253 million.
Robert W. Baird analyst Tristan Gerra upgraded Intel (Nasdaq: INTC) and raised his price target on the company saying that corporate spending on personal computers will improve in 2010.
Total SA will pay $800 million to acquire a 25% stake in Chesapeake Energy's (NYSE: CHK) Barnett Shale in northern Texas.
On the downside
Novartis offered approximately $39.3 billion to acquire the remaining shares of Alcon (NYSE: ACL) that it does not already own. The value of the offer to minority shareholders is approximately $153 per share, well below the close price on Thursday of $164.35.
J. P. Morgan downgraded MercadoLibre (Nasdaq: MELI).
Shares of United Air Lines parent UAL (Nasdaq: UAUA) fell as crude oil prices surged over $81.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 10 points to 635.
On the upside
FuelCell Energy's (Nasdaq: FCEL) vice president of government business development Bill Foster said that the company is working with the government to increase support and promotion of the green technology of fuel cells.
Rite Aid (NYSE: RAD) introduced its new Rite Weight Plan in partnership with fitness expert Denise Austin and weight control program Lindora.
CapitalSource (NYSE: CSE) received approximately $119 million from mortgages guaranteed by the Department of Housing and Urban Development.
On the downside
Palm's (Nasdaq: PALM) latest webOS 1.3.5 does not include media synching with iTunes.
Nokia (NYSE: NOK) filed a complaint with the International Trade Commission accusing Apple (Nasdaq: AAPL) of patent infringement.
Canada will no longer allow carry-on bags on flights destined for the United States. Shares of United Air Lines parent UAL (Nasdaq: UAUA) and U.S. Airways (NYSE: LCC) fell.
In the broad market, advancing issues edged out decliners by a slim margin on the NYSE while decliners barely outpaced advancers on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 632.
On the upside
Compugen (Nasdaq: CGEN) discovered a new drug target, CGEN-671, to treat multiple epithelial tumors.
Sunrise Senior Living (NYSE: SRZ) amended loan agreements with Chevy Chase Bank, agreeing to lower interest rates and an extension of the maturity date on two loans.
Barron's spotlighted 3PAR (NYSE: PAR) as an attractive acquisition target.
On the downside
Citibank (NYSE: C) notified Zale (NYSE: ZLC) that its Merchant Services Agreement will not be renewed.
Shares of American Airlines parent AMR (NYSE: AMR), Delta Air Lines (NYSE: DAL), and United Air Lines parent UAL (NYSE: UAUA) fell over concerns that new security measures introduced at airports after a failed attempt to blow up an airplane will curtail air travel.
Motley Fool said that Synaptics (Nasdaq: SYNA) was a better buy than SanDisk (Nasdaq: SNDK).
In the broad market, advancing issues edged out decliners by a margin of nearly 5 to 4 on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 634.
On the upside
Tibco (Nasdaq: TIBX) reported fourth quarter earnings ahead of estimates and forecast first quarter revenue above expectations.
pSivida (Nasdaq: PSDV) reported positive results from two late stage clinical trials of its diabetic macular edema treatment lluvien.
Vonage (NYSE: VG) introduced an international calling plan allowing unlimited calls to more than sixty countries for a flat monthly fee.
On the downside
Tonight is the deadline for YRC Worldwide's (Nasdaq: YRCW) debt for equity exchange. Participation in the exchange has been disappointing.
Rising crude oil prices weighed down shares of United Air Lines parent UAL (Nasdaq: UAUA), American Airlines parent AMR (NYSE: AMR) and US Airways Group (NYSE: LCC).
Shares of Quantum Fuel Systems (Nasdaq: QTWW) continued to fall after receiving a noncompliance notice from the Nasdaq Stock Market last week.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 628.
On the upside
Mad Money's Jim Cramer recommended Fluor (NYSE: FLR) citing the company's significant backlog.
Steak n Shake (NYSE: SNS) reversed year ago losses to post a profit for the fourth quarter as revenue rose.
TheStreet.com recommended that investors sell Dell (Nasdaq: DELL) but the stock price rose.
On the downside
Nasdaq notified Cyclacel Pharmaceuticals (Nasdaq: CYCC) that it was not in compliance with the $10 million market capital requirement for listing on the exchange.
Gilead Sciences' (Nasdaq: GILD) high blood pressure medication darusentan failed a late stage clinical trial.
The International Air Transport Association widened its expected losses for the airline industry sending shares of UAL (Nasdaq: UAUA) and Continental Airlines (NYSE: CAL) tumbling.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 606.
On the upside
Shares of UAL (Nasdaq: UAUA), AMR (NYSE: AMR) and Continental Airlines (NYSE: CAL) all rose as crude oil prices retreated.
Shares of Macy's (NYSE: M) climbed over news that November retail sales advanced by a greater than expected 1.3% .
J. P. Morgan lifted its price target for Alcoa (NYSE: AA).
On the downside
Siga Technologies (Nasdaq: SIGA) sold $20 million worth of common shares at a 15.1% discount from Wednesday's closing price.
National Semiconductor (NYSE: NSM) reported higher second quarter earnings that topped analyst estimates but the stock price dropped as investors locked in profits.
Quicksilver Gas Services (NYSE: KGS) priced its offering of 4 million common units at $21.10 per unit.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 596.
On the upside
Morgan Stanley upgraded United Air Lines parent UAL (Nasdaq: UAUA) and American Airlines parent AMR (NYSE: AMR).
AirTran Holdings (NYSE: AAI) reported that traffic increased by 10.5% in November to over 1.4 billion revenue passenger miles.
Western Refining (NYSE: WNR) president, director and chief operating officer Jeff A. Stevens purchased 50,000 shares of company stock.
On the downside
China BAK Battery (Nasdaq: CBAK) disappointed by swinging to a fourth quarter loss as revenue dropped sharply.
Cummins (NYSE: CMI) announced the temporary layoff of up to 450 employees at its Chautauqua County facility.
Goldman Sachs analyst Drucker Mann downgraded Constellation Brands (NYSE: STZ) saying that consumers will continue to spend less on alcohol purchases.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on both the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 593.
On the upside
First quarter earnings and revenue for Cree (Nasdaq: CREE) rose to beat expectations prompting the LED lighting maker to provide solid second quarter guidance above estimates.
Sallie Mae (NYSE: SLM) reversed year ago losses to post a better than expected profit for the third quarter.
Fannie Mae (NYSE: FNM) sold $3 billion worth of benchmark bills at higher interest rates than last week.
On the downside
While Polycom (Nasdaq: PLCM) reported third quarter results that met expectations, the company forecast disappointing fourth quarter margins.
United Airlines (Nasdaq: UAUA) reported a loss for the third quarter as revenue tumbled.
Marshall & Ilsley (NYSE: MI) swung to a loss for the third quarter as loan loss provisions soared.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 605.
On the upside
ZioPharm Oncology (Nasdaq: ZIOP) reported upbeat results from a midstage clinical trial of its cancer drug Zymafos.
Genworth Financial (NYSE: GNW) increased its board by two members to a total of 11 directors and declared a quarterly dividend of $0.65625 per Series A Cumulative Preferred Stock payable on December 1 to shareholders of record November 13.
Shares of MGIC Investment (NYSE: MTG) rose ahead of its earnings release before market open on Friday.
According to the Wall Street Journal, Lazard (NYSE: LAZ) chief executive Bruce Wasserstein died.
On Semiconductor (Nasdaq: ONNN) will release third quarter earnings after market close on November 4, 2009.
United Airlines (Nasdaq: UAUA) will offer non-stop flights between Pensacola and Washington Dulles International Airport twice a day beginning on February 11, 2010.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 12 points to 623.
On the upside
Chelsea Therapeutics (Nasdaq: CHTP) reported that its neurological disorder treatment Droxidopa demonstrated significant improvement in patients.
Shares of Talecris Biotherapeutics (Nasdaq: TLCR) climbed on its first day of trading.
Colonial Properties Trust (NYSE: CLP) priced its public offering of approximately 10.5 million common shares at $9.50 per share.
On the downside
United Airlines parent UAL (Nasdaq: UAUA) will offer 19 million common shares and $175 million in senior convertible notes.
Credit Suisse analyst John P. McNulty downgraded Rockwood Holdings (NYSE: ROC) after a competitor cut prices.
Shares of Hovnanian (NYSE: HOV) tumbled despite a surge in August pending home sales.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 14 points to 590.
On the upside
The Food and Drug Administration will allow Dynavax (Nasdaq: DVAX) to continue drug trials of its hepatitis B vaccine.
J. P. Morgan upgraded United Airlines parent UAL (Nasdaq: UAUA) .
Skyworks (Nasdaq: SWKS) lifted its fourth quarter guidance citing improving demand.
On the downside
Photronics (Nasdaq: PLAB) announced that it will sell $50 million in senior convertible notes in order to pay down debt.
Navistar International (NYSE: NAV) swung to a third quarter loss that fell far short of expectations and cut its full year outlook.
Monsanto (NYSE: MON) will eliminate approximately 8 percent of its staff, a deeper cut than originally announced.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 583.
On the upside
MBIA (NYSE: MBI) announced that former senior vice president and partner of global investment advisor Wellington Management Theodore Shasta was elected to the bond insurer's board and will join the audit committee.
Shares of Xerium Technologies (NYSE: XRM) surged ahead of its earnings release after market close.
Brookdale Senior Living (Nasdaq: UAUA) reported record results for the second quarter.
On the downside
Second quarter earnings for Herbalife (Nasdaq: HLF) fell as revenue dropped.
FTI Consulting (NYSE: FCN) reported higher second quarter earnings but revenue fell short of estimates.
Swift Energy (NYSE: SFY) will offer 5 million shares to raise capital.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by a margin of nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 570.