Markets Soar Over Strong Growth In Manufacturing Activity
On the upside
Bank of Florida (Nasdaq: BOFL) widened fourth quarter losses as loan loss provisions nearly doubled but the stock price rose.
Gaming revenue in Macau surged 63.3% in January to lift shares of Las Vega Sands (NYSE: LVS).
Brazilian sugar company Cosan (NYSE: CZZ) will partner with Shell to produce ethanol.
On the downside
Art Technology Group (Nasdaq: ARTG) will offer 25 million common shares in order to raise capital.
Fourth quarter earnings for MDU Resources (NYSE: MDU) slipped and the natural resource company forecast 2010 results below expectations.
Citigroup downgraded Lubrizol (NYSE: LZ) to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 607.