The markets opened mixed with the Dow adding 7 points to 15,342 while Nasdaq slipped 6 points to 3490 ahead of Apple chief executive Tim Cook's testimony before the Senate's Permanent Subcommittee on Investigations.
On the upside
Yingli Green Energy (NYSE: YGE) expects photovoltaic module shipments to slip 6%-7% sequentially in the first quarter, an improvement over its previous expectation for a low to mid teen percent decrease.
RBC Capital Markets lifted its price target on JA Solar (Nasdaq: JASO) from $1 to $8.
Genesys will pay a premium of $5 per share in cash to acquire SoundBite Communications (Nasdaq: SDBT).
On the downside
Profit taking sank shares of Peregrine Pharmaceuticals (Nasdaq: PPHM).
National Bank of Greece (NYSE: NBG) stock continued falling after announcing plans to sell 2.27 billion shares at $5.50 per share after a 1 for 10 reverse stock split.
Carnival (NYSE: CCL) lowered its full year earnings outlook prompting downgrades.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index eased a fraction to 1665.
After setting new records last week, the markets closed modestly lower with the Dow losing 19 points to 15,335 on profit taking. Nasdaq slipped 2 points to 3496.
On the upside
Upbeat earnings from JA Solar (Nasdaq: JASO) lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).
A Seeking Alpha contributor expects Walter Energy (NYSE: WLT) stock to rise.
BOC International upgraded E-Commerce China Dangdang (NYSE: DANG) to a Buy rating from Hold.
On the downside
Sangamo BioSciences (Nasdaq: SGMO) reported positive results for its In Vivo Replacement Platform in a mouse model but the stock price dropped.
Investors locked in profits on Comstock Holding (Nasdaq: CHCI).
Raven Industries (Nasdaq: RAVN) disappointed with lower first quarter earnings as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index eased a point to 1666.
The markets traded lower during the midday with the Dow slipping 12 points to 15,341 as investors locked in profits from last week. Nasdaq lost 6 points to 3492.
On the upside
JA Solar (Nasdaq: JASO) narrowed first quarter losses as revenue rose.
A Seeking Alpha contributor suggested that investors buy Molycorp (NYSE: MCP) stock.
Shares of SolarCity (Nasdaq: SCTY) continued rising after announcing a $500 million financing agreement with Goldman Sachs last week.
On the downside
BMO Capital Markets downgraded Red Hat (NYSE: RHT) from an Outperform rating to a Market Perform rating.
Team (NYSE: TISI) cut its earnings guidance for the fourth quarter and forecast 2014 earnings that fell short of expectations.
The Department of Homeland Security issued a Notice of Proposed Debarment to OSI Systems (Nasdaq: OSIS) related to concerns raised by the Transportation Security Administration over the company's full-body passenger scanners.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1666.
The markets opened mixed with the Dow slipping 11 points to 15,342 while Nasdaq added 3 points to 3501 as investors took a breather after another record close last week.
On the upside
Vista Equity Partners will take Websense (Nasdaq: WBSN) private for a premium of approximately $906 billion.
Shares of Real Goods Solar (Nasdaq: RSOL) continued rising after a Seeking Alpha contributor wrote in Friday that the stock had strong growth potential.
Peregrine Pharmaceuticals (Nasdaq: PPHM) reached an agreement with the Food and Drug Administration on the design of a Phase III trial for its lung cancer treatment bavituximab.
On the downside
Profit taking sank shares of National Bank of Greece (NYSE: NBG).
Concerns that South African mine workers would demand sharp increases in pay weighed down shares of AngloGold Ashanti (NYSE: AU).
XenoPort (Nasdaq: XNPT) will stop development of its multiple sclerosis drug arbaclofen placarbil after disappointing results from a late stage clinical trial.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1667.
Records were set for the fourth week in a row with the Dow leaping 121 points to 15,354 as consumer sentiment climbed to six year high. Nasdaq soared 33 points to 3498.
On the upside
Lazard Capital Markets lifted its price target on Vanda Pharmaceuticals (Nasdaq: VNDA) from $11 to $17.
E-Commerce China Dangdang (NYSE: DANG) narrowed first quarter losses more than expected as revenue climbed.
ViaSat (Nasdaq: VSAT) reversed year ago losses to post a greater than expected profit for the fourth quarter as new contracts surged.
On the downside
Falling gold prices weighed down shares of AuRico Gold (NYSE: AUQ), Harmony Gold (NYSE: HMY) and Yamana Gold (NYSE: AUY).
Stage Stores (NYSE: SSI) widened first quarter losses as expenses rose.
A Seeking Alpha contributor recommended selling OCZ Technology Group (Nasdaq: OCZ).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 17 points to 1667.
A gain in consumer sentiment lifted the markets during the midday with the Dow rising 54 points to 15,287. Nasdaq gained 16 points to 3481.
On the upside
A Seeking Alpha contributor noted that Real Goods Solar (Nasdaq: RSOL) had strong growth potential.
Shares of Marketo (Nasdaq: MKTO) leaped on its first trading day.
A report commissioned by for-profit educator Corinthian Colleges (Nasdaq: COCO) stated that California community colleges lack the capacity to enroll 840,000 Latino students over the next ten years.
On the downside
Profit taking sanks shares of Uni-Pixel (Nasdaq: UNXL).
HSBC Securities upgraded Youku Tudou (NYSE: YOKU) but the stock price tumbled.
Investors locked in profits on Eagle Bulk Shipping (Nasdaq: EGLE).
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 broader S&P 500 index rose 8 points to 1658.
May consumer sentiment climbed to a six year high to lift the markets to a higher open with the Dow gaining 57 points to 15,290. Nasdaq rose 18 points to 3484.
On the upside
James River Coal (Nasdaq: JRCC) will exchange approximately $243.4 million senior convertible notes with $123.3 million new senior convertible notes.
Bargain hunters snapped up shares of Advanced Micro Devices (NYSE: AMD).
Shares of SolarCity (NYSE: SCTY) continued rising after announcing yesterday an agreement with Goldman Sachs to provide more than $500 million in lease financing for solar power projects.
On the downside
Aruba Networks (Nasdaq: ARUN) fell to a loss for the third quarter as expenses climbed prompting downgrades.
J. C. Penney (NYSE: JCP) widened first quarter losses more than expected as revenue dropped.
Autodesk (Nasdaq: ADSK) disappointed with lower first quarter earnings that fell short of expectations, forecast current quarter results below estimates and cut its full year revenue guidance.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index gained 9 points to 1660.
An increase in jobless claims along with a sharp drop in April housing starts weighed the markets down to a lower close with the Dow falling 42 points to 15,233. Nasdaq lost 6 points to 3465.
On the upside
Shares of DryShips (Nasdaq: DRYS) soared after rival Eagle Bulk Shipping (Nasdaq: EGLE) posted a profit for the first quarter.
Aegerion (NYSE: AEGR) expects a potential of up to $1 billion in global sales of its recently approved Juxtapid.
Aegean Marine Petroleum Network (NYSE: ANW) reported higher first quarter earnings.
On the downside
ReneSola (NYSE: SOL) reported a wider than expected loss for the first quarter.
NQ Mobile (NYSE: NQ) reported higher first quarter earnings and revenue but the stock price fell.
A Seeking Alpha contributor raised concerns that Orbitz Worldwide (Nasdaq: OWW) may have to restate financials.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index fell 8 points to 1650.
Upbeat earnings lifted the market during the midday with the Dow rising 7 points to 15,283. Nasdaq rose 6 points to 3477.
On the upside
Eagle Bulk Shipping (Nasdaq: EGLE) reversed year ago losses to post a profit for the first quarter as revenue climbed.
Shares of National Bank of Greece (NYSE: NBG) climbed for the fourth day in a row despite a lack of news.
Halozyme Therapeutics (Nasdaq: HALO) expects to present positive data from a Phase 1b study of its pancreatic cancer treatment PEGPH20 at the 2013 American Society of Clinical Oncology Annual Meeting.
On the downside
Infinity Pharmaceuticals (Nasdaq: INFI) will present clinical trial data for its IPI-145 at two upcoming conferences.
Oncothyreon (Nasdaq: ONTY) reported disappointing results from a Phase III START trial of its lung cancer treatment L-BLP25.
Cyclacel Pharmaceuticals (Nasdaq: CYCC) priced its public offering of approximately 6.67 million common shares at the discounted price of $3.00 per share.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1657.
The markets opened mixed with the Dow slipping 22 points to 15,253 while Nasdaq added 2 points to 3474. First time applications for unemployment benefits rose after falling to five year low last week.
On the upside
Cisco (Nasdaq: CSCO) reported higher third quarter earnings that topped analyst estimates.
First quarter earnings slipped for Kohl's (NYSE: KSS) but the results beat expectations.
Tesla Motors (Nasdaq: TSLA) announced plans yesterday to raise $830 million in order to repay Department of Energy loans.
On the downside
Goldman Sachs downgraded Advanced Micro Devices (NYSE: AMD) to a Sell rating.
Ariad Pharmaceuticals (Nasdaq: ARIA) will present data from several studies of ponatinib and AP26113 at the Annual Meeting of the American Society of Clinical Oncology from May 31 to June 4, 2013.
Investors locked in profits on William Lyon Homes (NYSE: WLH), whose stock price soared in its market debut yesterday.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 3 points to 1655.
