Upbeat earnings boost markets

|
Upbeat earnings sent the markets soaring to a sharply higher close with the Dow jumping 216 points to 16,677. Nasdaq surged 69 points to 4,452.

On the upside

American Airlines (NYSE: AAL) reported sharply higher third quarter earnings that topped analyst estimates.

Celator Pharmaceuticals (Nasdaq: CPXX) priced its offering of more than 6.6 million common shares and warrants at $1.95 per unit. 

Reports that a doctor in New York may have Ebola lifted shares of Lakeland Industries (Nasdaq: LAKE).

On the downside

JAKKS Pacific (Nasdaq: JAKK) reported higher third quarter earnings and revenue but the stock price fell.

IPC The Hospitalist Company (Nasdaq: IPCM) disappointed with lower third quarter earnings that fell short of analyst expectations prompting the company to lower its full year forecast.

Third quarter earnings and revenue rose for Proto Labs (NYSE: PRLB) but the results missed estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 surged 23 points to 1950. Bitcoin dropped $20 to $359.
The markets surged during the midday with the Dow rocketing 263 points to 16,725 over upbeat earnings and the expansion of factory activity in China. Nasdaq leaped 81 points to 4,464.

On the upside

Dana Holding (NYSE: DAN) reported higher third quarter earnings that beat analyst expectations prompting the company to lift its full year earnings outlook.

Second quarter earnings slipped for 8x8 (Nasdaq: EGHT) but the results were better than expected. 

Select Comfort (Nasdaq: SCSS) reported higher third quarter earnings and revenue that surpassed analyst estimates and raised its full year earnings guidance.

On the downside

Alcobra (Nasdaq: ADHD) released updated Phase III study results for its attention deficit hyperactivity disorder treatment MDX that contradicted results that were announced on October 6.

Air Methods (Nasdaq: AIRM) warned that third quarter earnings would fall short of previous guidance.

Ultratech (Nasdaq: UTEK) reported a greater than expected loss for the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 jumped 29 points to 1956. Bitcoin lost $18 to $361.
The markets soared to a sharply higher open with the Dow leaping 229 points to 16,690 as the four week average of initial applications for unemployment benefits fell to its lowest level in 14 years. Nasdaq jumped 61 points to 4,444.

On the upside

Infinera (Nasdaq: INFN) reported higher third quarter earnings and revenue that beat analyst expectations.

Third quarter earnings and revenue climbed for Tractor Supply (Nasdaq: TSCO) to surpass estimates. 

Brookfield Residential Properties (NYSE: BRP) received an acquisition offer from Brookfield Asset Management.

On the downside

Yelp (NYSE: YELP) swung to a profit for the third quarter as revenue soared but the review site forecast current quarter revenue that fell short of expectations.

Cabela (NYSE: CAB) reported higher third quarter earnings and revenue but the results fell short of analyst expectations.

Profit taking weighed down shares of Vapor (Nasdaq: VPCO).

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 soared 24 points to 1951. Bitcoin fell $19 to $360.
A shooting at Canada's parliament building sent the markets tumbling to a sharply lower close with the Dow plummeting 153 points to 16,461. Nasdaq dropped 36 points to 4,382.

On the upside

NewLink Genetics (Nasdaq: NLNK) chief executive Charles Link said that an Ebola vaccine could be ready by the end of the year.

Super Micro Computer (Nasdaq: SMCI) reported higher first quarter earnings and revenue that surpassed analyst expectations. 

Third quarter earnings and revenue climbed Gentex (Nasdaq: GNTX) to top estimates.

On the downside

Investors locked in profits on Forest Oil (NYSE: FST).

BMO Capital Markets downgraded Coeur Mining (NYSE: CDE) from a Market Perform rating to an Underperform rating.

Tupperware Brands (NYSE: TUP) reported lower third quarter earnings that missed estimates.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 tumbled 14 points to 1927. Bitcoin slipped $2 to $380.

Markets reverse course

|
The market reversed course during the midday with the Dow falling 50 points to 16,564 as the Securities and Exchange Commission adopted a new mortgage risk retention rule for banks. Nasdaq lost 15 points to 4,404.

On the upside

Unisys (NYSE: UIS) reversed year ago losses to post a profit for the third quarter as revenue rose.

Third quarter earnings slipped for Six Flags Entertainment (NYSE: SIX) but revenue rose to top estimates and the company increased its quarterly dividend. 

Small Cap Traders issued a favorable analyst report on Vapor (Nasdaq: VPCO).

On the downside

Angie's List (Nasdaq: ANGI) narrowed third quarter losses as revenue rose but analysts expected a smaller loss.

Willbros Group (NYSE: WG) restructured its management team and announced that second quarter results will be restated.

Lumber Liquidators (NYSE: LL) disappointed with lower third quarter earnings that missed analyst expectations by a wide margin and trimmed its full year outlook.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 1939. Bitcoin held steady at $382.

Markets rise on tame inflation

|
The markets opened higher with the Dow rising 13 points to 16,627 as consumer prices edged up a modest 0.1%. Nasdaq added 4 points to 4,424.

On the upside

Regulus Therapeutics (Nasdaq: RGLS) demonstrated human proof-of-concept with a microRNA  therapeutic for its hepatitis C treatment RG-101.

iRobot (Nasdaq: IRBT) reported higher third quarter earnings and revenue that surpassed analyst expectations. 

Blue Earth (Nasdaq: BBLU) denied allegations of fraud that were alleged by a Seeking Alpha contributor.

On the downside

Boulder Brands (Nasdaq: BDBD) warned that third quarter earnings would fall short of previous guidance.

3D Systems (NYSE: DDD) reported preliminary third quarter earnings and revenue that missed expectations prompting the company to lower its full year guidance.

Cree (Nasdaq: CREE) disappointed with sharply lower first quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1942. Bitcoin slipped $2 to $380.
The markets rallied to a sharply higher close with the Dow rocketing 215 points to 16,614 on upbeat home sales and possible bond purchases by the European Central Bank. Nasdaq shot up 88 points to 4,419.

On the upside

ZaZa Energy (Nasdaq: ZAZA) extended its gains.

Pivotal Research initiated coverage of Herbalife (NYSE: HLF) with a Buy rating and set a price target of $110. 

Enphase Energy (Nasdaq: ENPH) introduced its Enphase Energy Management System to integrate solar power into power grids.

On the downside

A Seeking Alph article alleged that there was a law enforcement investigation into Blue Earth (Nasdaq: BBLU), that the company paid for stock promotion services and engaged in fraudulent activities.

Investors locked in profits on ITT Educational Services (NYSE: ESI).

Third quarter earnings slipped for Rent-A-Center (Nasdaq: RCII) while revenue missed expectations prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 jumped 37 points to 1941. Bitcoin edged up $1 to $382.
A better than expected gain in September existing home sales sent the markets soaring during the midday with the Dow jumping 195 points to 16,595. Nasdaq leaped 88 points to 4,404.

On the upside

Orexigen Therapeutics (Nasdaq: OREX) announced yesterday the introduction of extended release tablets of its obesity treatment Contrave.

Air fare increases on domestic flights lifted shares of American Airlines (NYSE: AAL). 

Apple (Nasdaq: AAPL) reported higher fourth quarter earnings and revenue that beat analyst expectations on strong iPhone sales and forecast current quarter revenue ahead of estimates.

On the downside

Rhino Resourse Partners (NYSE: RNO) slashed its quarterly dividend.

New York's Department of Financial Services discovered that Ocwen Financial (NYSE: OCN) sent backdated letters about loan modifications and foreclosures to borrowers.

Profit taking weighed down shares of NQ Mobile (NYSE: NQ).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 30 points to 1934. Bitcoin added $3 to $385.
The markets opened higher with the Dow climbing 77 points to 16,477 as the European Central Bank explored the possibility of purchasing corporate bonds. Nasdaq soared 49 points to 4,365.

On the upside

LiveDeal (Nasdaq: LIVE) chief executive Jon Isaac will buy up to 250,000 shares of common stock in open-market transactions.

Third quarter earnings fell for Harley-Davidson (NYSE: HOG) but the results were better than expected. 

Neonode (Nasdaq: NEON) signed a technology development agreement with OEM.

On the downside

ARM Holdings (Nasdaq: ARMH) reported higher third quarter earnings but revenue fell short of expectations.

MagneGas (Nasdaq: MNGA) will issue 3 million shares of common stock to an institutional investor at the price of $1 per share.

Third quarter earnings rose for Graphic Packaging (NYSE: GPK) but the results missed expectations as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 1921. Bitcoin added $6 to $387.
The markets closed higher with the Dow rising 19 points to 16,399 as investors welcomed efforts by Germany and France to support Europe's economic recovery. Nasdaq surged 57 points to 4,316.

On the upside

Greenlight Capital's David Einhorn recommended buying shares of SunEdison (NYSE: SUNE) and TerraForm Power (Nasdaq: TERP).

Bezinga.com reported that Lenovo was preparing to make an offer to purchase BlackBerry (Nasdaq: BBRY). 

Lennox International (NYSE: LII) reported higher third quarter earnings that topped analyst estimates.

On the downside

A jury found that Trinity Industries (NYSE: TRN) was liable for violating the False Claims Act and must pay $525 million in damages.

Tesoro Logistics (NYSE: TLLP) announced a public offering of 19.35 common units and will offer $1.3 billion in senior notes.

QEP Resources (NYSE: QEPM) sold it natural gas gathering and processing business to Tesoro Logistics (NYSE: TLLP) but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 17 points to 1904. Bitcoin slipped $4 to $380.
Powered by Movable Type 5.12