November 2010 Archives

Debt Concerns Sink Stocks

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Concerns of a spreading debt crisis in Europe weighed the markets down to a lower close with the Dow falling 46 points to 11,006. Nasdaq tumbled 26 points to 2498.

On the upside

Etisalat Lanka of the United Arab Emirates selected Acme Packet's (Nasdaq: APKT) Net-Net session border controllers to support its IP interconnects for international calls. 

Rising silver and gold prices lifted shares of Hecla Mining (NYSE: HL).

Shares of US Goldcorp (NYSE: UXG) rose after the Chinese government approved an investment fund that will focus on gold based exchange traded funds.

On the downside

China Medical Technologies (Nasdaq: CMED) announced a private placement of up to $100 million in senior convertible notes. 

Thor Industries (NYSE: THO) reported higher first quarter earnings but the results fell far short of analyst expectations.

China Education Alliance (NYSE: CEU) denied allegations by Kerrisdale Capital Management that the education resource company was defrauding investors.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 727.


Despite a greater than expected gain in consumer confidence, the markets traded lower during the midday with the Dow dropping 33 points to 11,019 over persistent concerns about European debt. Nasdaq tumbled 24 points to 2501.

On the upside

Scientific Games (Nasdaq: SGMS) announced that its chairman and former chief executive Lorne Weil will return to the position of chief executive. 

Goldman Sachs initiated coverage of Diana Shipping (NYSE: DSX) with a Buy rating.

Yamana Gold (Nasdaq: AUY) affirmed that its Mercedes project will begin production in 2012 while production at its Pilar mine will commence in 2013.

On the downside

iGate (Nasdaq: IGTE) must raise $700 million in order to finance its joint bid with Apax Partners to acquire Patni Computers (NYSE: PTI). 

Advanced Battery Technologies (Nasdaq: ABAT) announced a registered direct offering of 7.5 million common shares to raise approximately $30 million.

Third quarter earnings for Trina Solar (NYSE: TSL) more than doubled as revenue surged but the stock price dropped over investor concerns that an increased supply of solar modules will depress prices.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 725.

Lower Open As Home Prices Fall

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Falling home prices weighed the markets down to a lower open with the Dow losing 24 points to 11,028. Nasdaq fell 15 points to 2509.

On the upside

Swiss industrial automation company ABB offered approximately $3.1 billion to acquire Baldor Electric (NYSE: BEZ). 

Keryx Biopharmaceuticals (Nasdaq: KERX) reported positive results from a late stage clinical trial of its hyperphosphatemia treatment ZerenaxT.

Icagen (Nasdaq: ICGN) received a $1 million milestone payment from Pfizer (NYSE: PFE) after the two companies selected a compound to proceed with further clinical trials of its pain and related disorder sodium channel program.

On the downside

Orckit Communications (Nasdaq: ORCT) priced its offering of approximately 3 million common shares and warrants to purchase approximately 1.8 million common shares at $2.75 per unit. 

Seagate Technology (Nasdaq: STX) ended discussions with undisclosed private equity firms for the company to be taken private.

Mecox Lane (Nasdaq: MCOX) reported higher third quarter earnings as revenue climbed but sales at its company run stores dropped.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 723.

The markets recovered earlier losses in late afternoon trading but still closed lower with the Dow falling 39 points to 11,052 as investors kepy a wary eye on European debt. Nasdaq lost 9 points to 2525.

On the upside

GlaxoSmithKline (NYSE: GSK) will pay approximately $129.4 million to acquire 5.75 million common shares of Theravance (Nasdaq: THRX). 

Shares of The Governor and Company of The Bank of Ireland (NYSE: IRE) surged after the European Union and the International Monetary Fund announced an 85 billion euro bailout package for Ireland.

MLV Capital initiated coverage of Aeterna Zentaris (Nasdaq: AEZS) with a Buy rating.

On the downside

Several lawsuits have been filed against Hewlett-Packard (NYSE: HPQ) by shareholders over the company's handling of the investigation and ouster of former chief executive Mark Hurd. 

Gushan Environmental Energy (NYSE: GU) widened third quarter losses as revenue tumbled.

Shares of Jinko Solar (NYSE: JKS) and Renesola (NYSE: SOL) fell after the Finanical Times reported that Germany is exploring solar feed-in tariff cuts.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 731.

Upbeat sales during the beginning of the holiday shopping season over Thanksgiving weekend failed to alleviate European debt concerns sending the markets down during the midday with the Dow plummeting 131 points to 10,960. Nasdaq tumbled 25 points to 2509.

On the upside

Shares of Krispy Kreme Doughnuts (NYSE: KKD) rose ahead of its earnings release on Wednesday. 

Amtech Systems (Nasdaq: ASYS) received approximately $68 million in new solar orders in November for its diffusion processing systems.

Beacon Roofing Supply (Nasdaq: BECN) reported lower fourth quarter earnings but the company explained that storm business was exceptionally strong in the previous year.

On the downside

BSD Medical (Nasdaq: BSDM) received approximately $2.4 million worth of orders for its hyperthermia systems but warned that the company is not sure when the sales will be reported in fiscal 2011. 

Stifel Nicolaus analyst Jordan Rohan downgraded eBay (Nasdaq: EBAY) citing competition from online merchants offering free shipping.

Bloomberg reported that Apple (Nasdaq: AAPL) will argue its patent infringement case against Nokia (NYSE: NOK) this week before the International Trade Commission.

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 724.

Continued concerns about debt problems in Europe sent the markets tumbling to a sharply lower open with the Dow plunging 113 points to 10,978. Nasdaq dropped 25 points to 2509.

On the upside

Amarin (Nasdaq: AMRN) reported positive results from a Phase III clinical trial of its very high triglyceride treatment AMR101. 

Mellanox Technologies (Nasdaq: MLNX) will pay approximately $218 million in cash to acquire Voltaire (Nasdaq: VOLT).

AMAG Pharmaceuticals (Nasdaq: AMAG) reached an agreement with the Food and Drug Administration to update the product label for its chronic kidney disease treatment Feraheme to include a warning about life threatening side effects.

On the downside

Wunderlich downgraded A123 Systems (Nasdaq: AONE). 

Stillwater Mining (NYSE: SWC) announced a secondary offering of 37 million common shares.

Royal Philips Electronics (NYSE: PHG) introduced its Ingenuity CT technology to improve image quality with low dose imaging but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 721.

Lower Close Over European Debt Concerns

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European debt concerns continued to plague investors sending the markets down to a lower close on a shortened trading day with the Dow tumbling 95 points to 11,092. Nasdaq fell 8 points to 2534.

On the upside

Shares of Monster Worldwide (NYSE: MWW) continued climbing after the Labor Department reported a drop in jobless claims on Wednesday. 

Rising tensions on the Korean peninsula lifted shares Uranium Resources (Nasdaq: URRE).

DigiTimes reported that Apple (Nasdaq: AAPL) increased production of the iPad at the Foxxconn Shenzhen manufacturing plant.

On the downside

Standard & Poor's downgraded Allied Irish Banks (NYSE: AIB) and The Governor and Company of The Bank of Ireland (NYSE: IRE). 

Borders Group (NYSE: BGP) heavily discounted its e-readers in order to boost sales but investors worried that the steep price cuts will hurt profits.

National Bank of Greece (NYSE: NBG) fell over renewed concerns about European debt.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 732.

The markets opened lower on a shortened trading day with the Dow falling 63 points to 11,123 over continued concerns about European debt. Nasdaq lost 3 points to 2539.

On the upside

Del Monte (NYSE: DLM) agreed to be acquired for approximately $4 billion in cash by private equity firms Kohlberg Kravis Roberts & Co., Vestar Capital Partners and Centerview Partners. 

CPI International (Nasdaq: CPII) will be acquired by Veritas Capital in an all cash deal valued at approximately $525 million.

Mer Telemanagement Solutions (Nasdaq: MTSL) regained compliance for listing on NASDAQ by maintaining a minimum market value of at least $1,000,000 for ten consecutive business days.

On the downside

Concerns that Spain and Portugal will be next European countries to need a bailout weighed down shares of Banco Santander (NYSE: STD). 

Magna International (NYSE: MGA) paid a stock dividend to shareholders in order to implement its two-fo-one stock split.

Goldman Sachs downgraded China Nepstar Chain Drugstore (NYSE: NPD) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 734.

U. S. Markets Closed

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U. S. markets are closed in observance of the Thanksgiving holiday.


 

An uptick in consumer spending lifted the markets to a sharply higher close with the Dow surging 150 points to 11,187 just before the all-important holiday shopping season. Nasdaq leaped 48 points to 2543.

On the upside

China Digital TV (NYSE: STV) on Monday declared a special cash dividend of $2.00 per share payable in two installments in 2011 to shareholders of record December 23, 2010. 

The busiest travel day of the year progressed smoothly with few delays to lift shares of American Airlines parent AMR (NYSE: AMR).

Borders (NYSE: BGP) announced Black Friday deals beginning today, November 24, through Sunday, November 28.

Raymond James analyst Budd Bugatch lifted his fourth quarter earnings guidance for Cost Plus (Nasdaq: CPWM).

On the downside

Investors locked in profits on Hewlett-Packard (NYSE: HPQ), which announced better than expected fourth quarter earnings yesterday. 

LJ International's (Nasdaq: JADE) new marketing campaign for its colored gemstones failed to inspire investors.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 16 points to 736.

The markets extended its gains during the midday with the Dow leaping 134 points to 11,162 after Ireland released details of its four-year austerity plan. Nasdaq surged 46 points to 2541.

On the upside

A drop in jobless claims lifted shares of online employment solutions firm Monster Worldwide (NYSE: MWW). 

Citigroup lifted its target price on Fairchild Semiconductor (NYSE: FCS) to $21.

Micron Technology (Nasdaq: MU) announced a $56 million expansion of its memory chip manufacturing plant in Manassas, Virginia that will create 123 more jobs.

On the downside

Investors locked in profits on Astrotech (Nasdaq: ASTC), whose shares surged yesterday on its $35 million NASA contract win. 

Shares of Aastrom Biosciences (Nasdaq: ASTM) continued falling after reporting disappointing clinical trial results last week.

Zale (Nasdaq: ZLC) reported a wider than expected loss for the first quarter yesterday.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 2 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 734.

First time applications for unemployment benefits dropped to a two year low to lift the markets to a sharply higher open with the Dow soaring 125 points to 11,162. Nasdaq surged 44 points to 2539.

On the upside

Dynegy (NYSE: DYN) shareholders rejected Blackstone Group's $603 million acquisition offer fueling speculation that the company will be sold at a higher price. 

Guess (NYSE: GES) reported higher fourth quarter income that beat analyst expectations as revenue rose.

Morgan Keegan analyst Harsh Kumar lifted his price target on Cree (Nasdaq: CREE) to $75 from $48 and added the company to Morgan Keegan's focus buy list.

On the downside

Telestone Technologies (Nasdaq: TSTC) priced its offering of 1.675 million common shares at $12.00 per share. 

The Financial Times reported that Ireland increase its 36% stake in The Governor and Company of The Bank of Ireland (NYSE: IRE) to a majority holding.

TiVo (Nasdaq: TIVO) widened third quarter losses and warned of even greater losses for the current quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 2 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 12 points to 732.


The markets closed sharply lower with the Dow plummeting 142 points to 11,036 amidst escalating tension between North and South Korea. Nasdaq plunged 37 points to 2494.

On the upside

Seeking Alpha contributor Bespoke Investment Group named SodaStream International (Nasdaq: SODA) as one of the most successful IPOs in 2010. 

Buckingham Research upgraded Big Lots (NYSE: BIG) to a Buy rating.

Speculation that billionaire Carlos Slim was increasing his stake in New York Times (NYSE: NYT) lifted shares of the media company.

On the downside

Standard Pacific (NYSE: SPF) commenced a tender offer for all senior subordinated notes due in 2012, 2014 and 2015. 

Zale (NYSE: ZLC) widened first quarter losses more than expected as sales slipped.

Radio One (Nasdaq: ROIA) regained compliance with NASDAQ's minimum price listing requirements but the stock price dropped.

In the broad market, declining issues outpaced advancers 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 dropped 7 points to 719.

Markets Tumble Over North Korean Attack

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North Korea's artillery attack against South Korea sent the markets tumbling during the midday with the Dow plunging 154 points to 11,024. Nasdaq plummeted 39 points to 2492.

On the upside

China TechFaith Wireless (Nasdaq: CNTF) reversed year ago losses to post a profit for the third quarter as revenue rose and margins improved. 

Private equity firms TPG Capital and Leonard Green & Partners will acquire J. Crew (NYSE: JCG) in a deal valued at approximately $3 billion.

Robert W. Baird upgraded MedAssets (Nasdaq: MDAS) to an Outperform rating.

On the downside

La-Z-Boy (NYSE: LZB) disappointed with lower second quarter earnings and revenue that fell short of estimates. 

Cninsure (Nasdaq: CISG) reported higher third quarter earnings as revenue climbed but short sellers weighed down the stock.

Focus Media Holding (NYSE: FMCN) reversed year ago losses to post a better than expected profit for the third quarter but the stock price fell as investors locked in profits.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 719.

A military conflict on the Korean Peninsula sent the markets down to a sharply lower open with the Dow tumbling 141 points to 11,036. Nasdaq dropped 32 points to 2499.

On the upside

Fourth quarter earnings fell for Nuance Communications (Nasdaq: NUAN) but the results topped estimates. 

Astrotech (Nasdaq: ASTC) won a $35 million contract to provide facilities and payload processing services for NASA at its Vandenberg Air Force Base.

Brown Shoe (NYSE: BWS) reported higher third quarter earnings and revenue that beat analyst expectations.

On the downside

Brocade Communications Systems (Nasdaq: BRCD) reported lower fourth quarter earnings and forecast first quarter results below analyst expectations. 

Harbin Electric (Nasdaq: HRBN) received an amended and restated proposal from chairman and chief executive Tianfu Yang to take the company private.

Jack in the Box (NYSE: JACK) disappointed with sharply lower fourth quarter earnings that fell short of expectations due to costs related to the closing of forty restaurants.

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 718.

It was a mixed close for the markets with the Dow losing 24 points to 11,178 over investor fears of further bailouts in Europe. Nasdaq rose 13 points to 2532.

On the upside

The Food and Drug Administration approved the final phase of clinical trials for OraSure Technologies' (Nasdaq: OSUR) over-the-counter HIV test OraQuick Rapid HIV-1/2 Antibody Test. 

Tyson Foods (NYSE: TSN) reversed year ago losses to post a profit for the fourth quarter.

Teradyne (NYSE: TER) will repurchase up to $200 million worth of common stock.

On the downside

Citigroup analyst Timothy Arcuri downgraded Yingli Green Energy (NYSE: YGE) and lowered his price target on the company citing rising production costs.

Reuters reported that Bain Capital was no longer pursuing Seagate (Nasdaq: STX) as a possible acquisition target.

Pfizer (NYSE: PFE) extended its offer to acquire King Pharmaceuticals (NYSE: KG) until December 17 while the companies await antitrust approval.

In the broad market, advancing issues barely edged out decliners by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 727.

The threat of insider trading charges against the nation's largest financial institutions sent the market tumbling during the midday with the Dow plunging 125 points to 11,078. Nasdaq lost 12 points to 2505.

On the upside

Apricus Biosciences (Nasdaq: APRI) and the Food and Drug Administration agreed on the design of a clinical trial for the advanced, inoperable liver cancer treatment PrevOnco. 

Regeneron Pharmaceuticals (Nasdaq: REGN) reported upbeat results for its injectable macular degeneration treatment VEGF Trap-Eye solution.

WB Securities initiated coverage of Affymax (Nasdaq: AFFY) with a Buy rating.

On the downside

General Electric (NYSE: GE) sold four GE gas turbines to Nigeria for its Omotosho Phase 2 Power Plant but the stock price fell.

Barclays Capital analyst Tom McGuire said that banks may have a shortfall of $150 billion sending shares of Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) tumbling .

Nokia (NYSE: NOK) acknowledged on Friday that its flagship N8 smartphone has experienced power issues.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 718.

The markets opened mixed with the Dow losing 49 points to 11,154 over concerns that more bailouts will be needed to stabilize the European economy. Nasdaq rose 5 points to 2523.

On the upside

Attachmate will pay approximately $2.2 billion in cash to acquire Novell (Nasdaq: NOVL). 

Green Mountain Coffee Roasters (Nasdaq: GMCR) must restate earnings for the past three fiscal years along with the first three quarters of the current fiscal year after discovering accounting errors. The coffee company clarified that there was no misconduct related to the errors.

Jefferies & Co. upgraded Cirrus Logic (Nasdaq: CRUS) to a Buy rating.

On the downside

Shares of Allied Irish Banks (NYSE: AIB) and The Governor and Company of The Bank of Ireland (NYSE: IRE) fell on concerns that the European Union bailout will dilute shareholders.

Investors locked in profits on MELA Sciences (Nasdaq: MELA).

Fitch Ratings downgraded Regions Financial (NYSE: AGO) long-term Issuer Default Rating on Friday.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 725.

The markets closed modestly higher with the Dow gaining 22 points to 11,203 as investors await details of Ireland's bailout package. Nasdaq added 3 points to 2518.

On the upside

Cost Plus (Nasdaq: CPWM) narrowed third quarter losses. 

U. S. coal company Walter Energy (NYSE: WLT) offered approximately $3.24 billion to aquire Canadian coal producer Western Coal.

Apricus Biosciences (Nasdaq: APRI) reported upbeat results from a pre-clinical study of its NexACT technology for drug delivery.

On the downside

Investors locked in profits on The Governor and Company of The Bank of Ireland (NYSE: IRE).

Empire Resorts (Nasdaq: NYNY) received a $35 million loan from its largest shareholder Kien Huat Realty in order to repay its 5 1/2% convertible senior notes obligations.

Seeking Alpha contributor David Sterman said that shares of Assured Guaranty (NYSE: AGO) are poised to drop.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 724.

Investors On Sidelines, Markets Flat

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The markets traded flat as investors await word of a bailout in Ireland and consider the effects China's new bank reserve requirements. The Dow lost 6 points to 11,175 while Nasdaq added 2 points to 2517.

On the upside

AnnTaylor (NYSE: ANN) reported sharply higher third quarter earnings that beat analyst expectations as revenue climbed . 

Third quarter earnings for Marvell Technology (Nasdaq: MRVL) rose to top estimates.

FONAR (Nasdaq: FONR) reversed year ago losses to posta first quarter profit as revenue rose.

On the downside

Kirkland's (Nasdaq: KIRK) disappointed with a greater than expected drop in third quarter earnings.

Somaxon (Nasdaq: SOMX) priced its offering of 8.8 million common shares at the discounted price of $2.95 per share.

Fourth quarter earnings rose for Atwood Oceanics (NYSE: ATW) but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 722.

Higher bank reserve requirements in China weighed the markets down to a lower open with the Dow falling 44 points to 11,136. Nasdaq slipped 9 points to 2504.

On the upside

A Food and Drug Administration advisory panel recommended approval for Mela Sciences' (Nasdaq: MELA) skin cancer detection product MelaFind. 

Kohlberg Kravis Roberts & Co. (NYSE: KKR) offered approximately $3.58 billion to purchase Del Monte Foods (NYSE: DLM).

Foot Locker (NYSE: FL) reversed year ago losses to post a better than expected profit for the third quarter as revenue rose.

On the downside

KeyCorp (NYSE: KEY) announced the retirement of chairman and chief executive Henry L. Meyer III on May 1, 2011 and will be replaced by vice chair and community banking business leader Beth E. Mooney.

Third quarter earnings slipped for Gap (NYSE: GPS).

Intuit (Nasdaq: INTU) widened first quarter losses and forecast second quarter results that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 716.

General Motors made a splash with its return to the New York Stock Exchange after a government bailout saved the carmaker from insolvency nearly two years ago. The markets closed sharply higher with the Dow leaping 173 points to 11,181 while Nasdaq soared 38 points to 2514. S&P 500 climbed 18 points to 1196. The 30-year bond held steady at 4.28%.


General Motors made a splash with its return to the New York Stock Exchange after a government bailout saved the carmaker from insolvency nearly two years ago. The markets closed sharply higher with the Dow leaping 173 points to 11,181 while Nasdaq soared 38 points to 2514.

On the upside

A possible bailout from the European Union and the International Monetary Fund lifted shares of Allied Irish Banks (NYSE: AIB) and The Governor and Company of The Bank of Ireland (NYSE: IRE). 

Cablevision (NYSE: CVC) may spinoff Rainbow Media Holdings in 2011.

SIGA Technologies (Nasdaq: SIGA) applauded the government's decision to conduct a market survey for smallpox antiviral suppliers and reiterated its assertion that SIGA is the best candidate to supply to government with the smallpox antiviral.

On the downside

Aastrom Biosciences (Nasdaq: ASTM) reported disappointing results from a midstage clinical trial of its critical limb ischemia treatment.

SmartHeat (Nasdaq: HEAT) priced its offering of 5 million common shares at $5 per share.

Shares of Regions Financial (NYSE: RF) fell after the Federal Reserve announced that large banks must undergo another series of stress tests.

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 climbed 13 points to 720.

Discussions between Ireland and the International Monetary Fund calmed investors fears of a possible bankruptcy to send the markets soaring during the midday with the Dow leaping 176 points to 11,184. Nasdaq jumped 45 points to 2521.

On the upside

LTX-Credence (Nasdaq: LTXC) will merge with Verigy (Nasdaq: VRGY) in a stock swap deal. 

Exelixis (Nasdaq: EXEL) reported positive results from two midstage clinical trials of its prostate and ovarian cancer treatment XL184.

Third quarter earnings rose to beat analyst expectations by a wide margin for DryShips (Nasdaq: DRYS).

On the downside

Bernstein downgraded Abbott Laboratories (NYSE: ABT) and cut its price target from $62 to $52.

While Ross Stores (NYSE: ROST) reported higher second quarter earnings and revenue, the retailer expects fourth quarter results below analyst expectations.

Williams-Sonoma (NYSE: WSM) reported higher third quarter earnings that topped analyst estimates but the home products retailer forecast disappointing holiday sales.

In the broad market, advancing issues outpaced decliners by a margin of 9 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 723.

GM Advances, Markets Soar

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Shares of General Motors climbed on its first trading day after emerging from bankruptcy to lift the markets to a sharply higher open with the Dow soaring 178 points to 11,186. Nasdaq surged 46 points to 2522.

On the upside

Kohl's (NYSE: KSS) will repurchase up to $1 billion worth of common stock and lifted its fourth quarter outlook. 

Staples (NYSE: SPLS) reported higher third quarter earnings as revenue rose to top estimates.

Although earnings slipped for American Eagle Outfitters (NYSE: AEO), revenue rose to surpass analyst expectations.

On the downside

Sears Holdings (Nasdaq: SHLD) widened third quarter losses more than expected as sales fell.

Humana (NYSE: HUM) forecast lower full year earnings for 2011 well below analyst estimates.

JM Smucker (NYSE: SJM) reported higher second quarter earnings that beat expectations but revenue fell short.

The Russell 2000 which tracks small cap stocks soared 14 points to 722.

The markets closed mixed with the Dow losing 15 points to 11,007 as plunging new home construction tempered upbeat earnings from the retail sector. Nasdaq rose 6 points to 2476.

On the upside

Shares of Quantum (NYSE: QTM) climbed over speculation that the company may be the target of a possible acquisition. 

WESCO International (NYSE: WCC) will pay approximately $246.5 million to acquire TVC Communications from private equity firm Palisades Associates.

Qualcomm (Nasdaq: QCOM) reassured investors that inventory levels for wireless chips will be lower than normal in 2011.

On the downside

China Nepstar Chain Drugstore (NYSE: NPD) disappointed with lower third quarter earnings even as revenue rose.

Daqo New Energy (NYSE: DQ) reported higher third quarter earnings but the stock price fell over concerns that supply will outstrip demand.

NetApp (Nasdaq: NTAP) reported sharply higher second quarter earnings that topped analyst estimates but the company forecast third quarter results that fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 707.

Modest Inflation Lifts Markets

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The markets traded above the flatline during the midday with the Dow gaining 11 points to 11,034 over modest inflation. Nasdaq climbed 13 points to 2483.

On the upside

J.P. Morgan upgraded American Axle (NYSE: AXL) and lifted its price target to $14 after the auto parts maker announced a backlog of $850 million in future annual sales. 

Second quarter earnings rose for China Medical Technologies (Nasdaq: CMED) as revenue climbed.

Zanett (Nasdaq: ZANE) reversed year ago losses to post a third quarter profit on higher revenue.

On the downside

Credit Suisses analyst Satya Kumar downgraded GT Solar (Nasdaq: SOLR) citing increasing supply amidst flat demand.

RINO International (Nasdaq: RINO) cancelled its third quarter earnings conference call.

Moody's Investors Service cut the credit rating of Regions Financial (Nasdaq: RF) again this month citing the departure of three executives in the banks risk management business.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 708.

A slight increase in consumer prices lifted the markets to a modestly higher open with the Dow rising 9 points to 11,033. Nasdaq gained 15 points to 2484.

On the upside

VeriFone (NYSE: PAY) will acquire Hypercom (NYSE: HYC) in an all-stock deal valued at approximately $485 million including the assumption of debt. 

Allegheny Technologies (NYSE: ATI) will pay approximately $778 million in cash and stock to acquire Ladish (Nasdaq: LDSH).

Chico's FAS (NYSE: CHS) reported higher third quarter earnings that topped analyst estimates.

On the downside

Analysts downgraded Human Genome Sciences (Nasdaq: HGSI) over concerns that its lupus treatment Benlysta may be approved for only a restricted type of patient.

Third quarter earnings for Suntech Power Holdings (NYSE: STP) rose but the results fell short of analyst expectations.

Credit Suisse downgraded JA Solar (Nasdaq: JASO) to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 708.

Asian inflationary fears sent the markets tumbling to a sharply lower close with the Dow plummeting 178 points to 11,023. Nasdaq plunged 43 points to 2469.

On the upside

Blackstone Group (NYSE: BX) increased its acquistion offer for Dynegy (NYSE: DYN) to $5 per share from $4.50 per share. 

Universal Travel Group (NYSE: UTA) reported higher third quarter earnings as revenue climbed.

JMP Securities analyst Douglas Ireland upgraded Brocade Communications (Nasdaq: BRCD) to a rating of Market Outperform.

On the downside

While QKL Stores (Nasdaq: QKLS) reversed year ago losses, the results fell short of expectations.

General Growth Properties (NYSE: GGP) priced its secondary public offering of 155 million shares at $14.75 per share.

Shares of Las Vegas Sands (NYSE: LVS) fell after Macau announced that it will increase regulation of casinos.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points to 705.

Fears that the European Union will have to bailout Ireland sent the markets sharply lower during the midday with the Dow plummeting 173 points to 11,028. Nasdaq tumbled 37 points to 2475.

On the upside

Mattel (Nasdaq: MAT) lifted its annual dividend to 83 cents per share from 75 cents per share last year payable on December 16, 2010 to shareholders of record December 3, 2010. The toymaker said that it will pay quarterly dividends rather than annual dividends beginning in fiscal 2011. 

Tii Network Technologies (Nasdaq: TIII) reported higher third quarter earnings as sales more than doubled.

Pressure from the international community on Ireland to seek financial assistance from the Eurpean Union lifted shares of The Governor and Company of The Bank of Ireland (NYSE: IRE).

On the downside

Perfect World (Nasdaq: PWRD) disappointed with lower third quarter earnings.

Netlist (Nasdaq: NLST) widened third quarter losses more than expected prompting a downgrade.

China New Borun (NYSE: BORN) reported higher third quarter earnings as revenue increased but expenses surged.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points to 705.

Inflation Concerns Weigh Down Markets

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Concerns that inflation will rise in Asia weighed the markets down to a lower open with the Dow falling 83 points to 11,118. Nasdaq dropped 14 points to 2499.

On the upside

Urban Outfitters (Nasdaq: URBN) reported higher third quarter earnings that topped analyst estimates.

Third quarter earnings for Dick's Sporting Goods (Nasdaq: DKS) slipped but the results beat analyst expectations and the company lifted its full year guidance.

Home Depot (NYSE: HD) reported higher third quarter earnings that beat analyst expectations and lifted its full year earnings guidance.

On the downside

The Food and Drug Administration said that Mela Sciences' (Nasdaq: MELA) skin cancer detection device must undergo a new clinical trial because of potential misdiagnoses.

Regions Financial (NYSE: RF) announced the resignation of chief risk officer Bill Wells, the retirement of the director of credit risk Michael Willoughby and the departure of the head of problem asset management Tom Neely.

Navios Maritime Acquisition (NYSE: NNA) disappointed with lower third quarter earnings.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 712.

Despite a jump in October retail sales, the markets closed mixed with the Dow adding 9 points to 11,201 as experts warned of a slowing economic recovery. Nasdaq slipped 4 points to 2513.

On the upside

Rumors that the European Union will offer Ireland a bailout package lifted shares of Allied Irish Banks (NYSE: AIB).

The Canadian government approved Apricus Biosciences' (Nasdaq: APRI) erectile dysfunction treatment Vitaros.

Radio One (Nasdaq: ROIAK) amended the terms of its senior subordinated notes exchange offer.

On the downside

On Friday, Willbros Group (NYSE: WG) notified holders of its 6.5% senior convertible notes that they can require the company to purchase the notes.

Beazer Homes (NYSE: BZH) adopted a Section 382 stockholder rights plan that preserves the value of certain tax deferred assets.

Tri-Tech Holding (Nasdaq: TRIT) reported sharply higher third quarter earnings but margins fell.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 719.

Upbeat Retail Sales Boost Markets

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Investors embraced strong October retail sales to lift the markets higher during the midday with the Dow climbing 79 points to 11,272. Nasdaq gained 11 points to 2529.

On the upside

The Higher Learning Commission removed Corinthian Colleges' (Nasdaq: COCO) Everest College campus from probation.

Telestone Technologies (Nasdaq: TSTC) reported sharply higher third quarter earnings that more than doubled to surpass analyst expectations by a wide margin.

Ford (NYSE: F) announced ninteen markets that will sell the automaker's first all-electric zero emissions passenger car, the Focus Electric, in 2011.

On the downside

MakeMyTrip (Nasdaq: MMYT) disappointed with second quarter revenue that fell short of analyst expectations. Indian tax regulators also sent the Indian travel company a demand of service tax.

Wendy's/Arby's (NYSE: WEN) swung to an unexpected loss for the third quarter.

BSD Medical (Nasdaq: BSDM) will raise approximately $10.45 million through a registered direct offering.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 725.

A surge in October retail sales lifted the markets to a higher open with the Dow gaining 48 points to 11,241. Nasdaq added 4 points to 2522.

On the upside

Caterpillar (NYSE: CAT) will pay approximately $7.6 billion to acquire mining equipment maker Bucyrus International (Nasdaq: BUCY).

EMC (NYSE: EMC) announced that it will pay approximately $2.25 billion to acquire data storagte equipment firm Isilon Systems (Nasdaq: ISLN).

Mediacom Communications (Nasdaq: MCCC) chief executive Rocco Commisso will pay a premium of $8.75 per share in cash to take the company private.

On the downside

Shares of Thoratec (Nasdaq: THOR), maker of the Heartmate II, tumbled after HeartWare International (Nasdaq: HTWR) reported positive results for its implantable heart pump.

Third quarter earnings plunged for RINO International (Nasdaq: RINO) as revenue dropped prompting the company to cut its full year revenue guidance.

Oppenheimer analyst Srinivas Anantha downgraded Akamai (Nasdaq: AKAM) Limelight (Nasdaq: LLNW) citing a potential price war.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 720.

Potentially higher interest rates in China sent the markets down to a lower close with the Dow dropping 90 points to 11,192. Nasdaq tumbled 37 points to 2518.

On the upside

The Wall Street Journal reported that Fortune Brands (NYSE: FO) may explore the possibility of dividing the company into several smaller businesses.

City Telecom (Nasdaq: CTEL) launched a service package for its symmetric 100Mbps broadband, bbWi-Fi and Samsung GALAXY Tab for $35 per month.

Intel (Nasdaq: INTC) will incrase its quarter dividend to 18 cents per share beginning in the first quarter of 2011.

On the downside

DynaVox (Nasdaq: DVOX) disappointed with a loss for the first quarter.

Investors locked in profits on DryShips (Nasdaq: DRYS). The drybulk carrier announced yesterday that it won a drilling contract valued at approximately $77 million.

MGM Resorts (NYSE: MGM) announced that Barclays Capital purchased an additional 6 million shares of stock.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 12 points to 719.

The markets extended its losses during the midday with the Dow tumbling 127 points to 11,155 over concerns that China may raise interest rates. Nasdaq plunged 43 points to 2511.

On the upside

Third quarter earnings for Dillard's (Nasdaq: DDS) nearly doubled as margins improved and expenses decreased.

Sensata Technologies (NYSE: ST) priced its secondary offering of 20 million shares at $24.10 per share.

Microsemi (Nasdaq: MSCC) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast first quarter results ahead of analyst estimates.

On the downside

MPG Trust (NYSE: MPG) president and chief executive Nelson C. Rising announced his resignation effective November 15, 2010.

Rodman & Renshaw warned of lower than expected sales of Apple's iPad (Nasdaq: AAPL) as consumers scale back technology spending.

Reuters reported that Qualcomm (Nasdaq: QCOM) intends to sell it Indian broadband business.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 12 points to 719.

Concerns that China may tame its soaring economy by raising interest rates weighed the markets down to a lower open with the Dow dropping 84 points to 11,198. Nasdaq tumbled 26 points to 2528.

On the upside

Third quarter earnings slipped for Nvidia (Nasdaq: NVDA) but the results topped analyst estimates and the company forecast fourth quarter revenue ahead of expectations.

Finisar (Nasdaq: FNSR) lifted its second quarter revenue guidance and expects third quarter revenue to beat expectations as well.

Walt Disney (NYSE: DIS) reported lower fourth quarter earnings but the company forecast improving trends in ad sales and theme park attendance.

On the downside

STR Holdings (NYSE: STRI) reported higher third quarter earnings but the stock price dropped.

Compass Diversified (NYSE: CODI) priced its offering of 4.3 million trust shares at $16.90 per share.

The Food and Drug Administration raised safety concerns about Human Genome Sciences' (Nasdaq: HGSI) lupus treatment Benlysta.

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 724.

Conservative corporate guidance along with renewed concerns about European debt sent the markets down to a sharply lower close with the Dow falling 73 points to 11,283. Nasdaq dropped 23 points to 2555.

On the upside

Heelys (Nasdaq: HLYS) narrowed third quarter losses as margins improved.

iStar Financial (NYSE: SFI) entered discussions with creditors to exchange debt and procure an additional $2 billion in financing.

Piedmont Office Realty Trust (NYSE: PDM) reported higher third quarter funds from operations.

On the downside

Shares of Complete Genomics (Nasdaq: GNOM) fell on its first trading day.

Omnicare (NYSE: OCR) will reorganize its Pharmacy Services into two separate groups, Long-Term Care and Specialty Care.

SurModics (Nasdaq: SRDX) blamed the sluggish economy for reporting an unexpected loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 both on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 731.

Markets Tumble As Earnings Disappoint

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Disappointing earnings sent the markets tumbling with the Dow plunging 101 points to 11,255. Nasdaq tumbled 29 points to 2548.

On the upside

TKH Group will pay $2.45 per share in cash to acquire Optelecom-NKF (Nasdaq: OPTC).

Flotek Industries (NYSE: FTK) narrowed third quarter losses as revenue soared.

Approach Resources (Nasdaq: AREX) increased its public offering to 5.75 million common shares priced at $16.25 per share.

On the downside

Ascent Solar Technologies (Nasdaq: ASTI) priced its offering of 5.25 million common shares at the discounted price of $4.15 per share.

Micromet (Nasdaq: MITI) announced a discounted price of $7.30 per share for its offering of 9.9 million common shares.

Ikanos Communications (Nasdaq: IKAN) priced its offering of approximately 11.1 million common shares at $1.05 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 731.

Global economic concerns weighed down the markets to a sharply lower open with the Dow tumbling 88 points to 11,268. Nasdaq plunged 34 points to 2544.

On the upside

Netflix (Nasdaq: NFLX) selected Level 3 Communications (Nasdaq: LVLT) to be its primary content delivery network provider.

Standard & Poor's will replace Pactiv (NYSE: PTV) on its S&P 500 index with Ingersoll-Rand (NYSE: IR) next Tuesday. Reynolds Group Holding is acquiring Pactiv.

Shares of Unitek Global Services (Nasdaq: UNTK) surged on its first trading day.

On the downside

Cisco (Nasdaq: CSCO) reported higher first quarter earnings that topped analyst estimates but offered a disappointing outlook for the second quarter.

Aegean Marine Petroleum Network (NYSE: ANW) disappointed with sharply lower third quarter earnings that fell short of analyst expectations.

RINO International (Nasdaq: RINO) responded to allegations of fraud by Muddy Waters by launching an internal investigation into its business practices.

In the broad market, declinig issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 726.

A greater than expected drop in jobless claims lifted the markets to a modestly higher close with the Dow rising 10 points to 11,357. Nasdaq climbed 15 points to 2578.

On the upside

Tesla Motors (Nasdaq: TSLA) widened third quarter losses as sales dropped but the results were better than expected.

Solutia (NYSE: SOA) forecast 2011 results ahead of analyst expectations. 

Second quarter earnings surged for Tata Motors (NYSE: TTM) as sales climbed.

On the downside

Cerus (Nasdaq: CERS) priced its offering of more than 7.3 million units at $2.85 per unit.

A123 (Nasdaq: AONE) widened third quarter losses more than expected.

Net 1 (Nasdaq: UEPS) disappointed with sharply lower first quarter earnings as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 734.

China Tightens Lending, Markets Lower

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The markets recovered some of its early morning losses but continued to trade lower with the Dow losing 31 points to 11,315 as China tightens its lending rules. Nasdaq edged up a point to 2564.

On the upside

The Food and Drug Administration approved Bionovo's (Nasdaq: BNVI) clinical development plan for its Menerba menopause treatment and possible breast cancer prevention drug.

Second quarter earnings for Ralph Lauren (NYSE: RL) climbed to beat analyst expectations prompting the designer apparel company to lift its full year outlook. 

Shares of RDA Micorelectronics (Nasdaq: RDA) climbed on its first trading day.

On the downside

China Agritech (Nasdaq: CAGC) disappointed with sharply lower third quarter earnings that fell far short of analyst expectations.

American Banker named Assurant (NYSE: AIZ) in an article about abuses in the foreclosed properties insurance industry.

AgFeed Industries (NYSE: FEED) swung to a third quarter loss and reassigned chief financial officer Selina Jin.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 727.

Initial applications for unemployment benefits fell but the markets opened with the Dow falling 74 points to 11,272 over continued concerns about European debt. Nasdaq dropped 16 points to 2546.

On the upside

NetSol Technologies (Nasdaq: NTWK) reversed year ago losses to post a profit for the third quarter.

The New York Post reported that BJ's Wholesale Club (NYSE: BJ) may retain the services of an advisor to explore the possible sale of the company. Private equity firm Leonard Green & Partners was named as a possible suitor. 

General Growth Properties (NYSE: GGP) will repay $570 million in cash to settle obligations.

On the downside

Smart Technologies (Nasdaq: SMT) blamed sharply higher income tax expenses for lower second quarter earnings.

Invesco (NYSE: IVZ) priced its secondary offering of approximately 30.8 million common shares at $21.48 per share.

UBS cited valuation concerns for downgrading Las Vegas Sands (NYSE: LVS).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 722.

Despite an increase in September wholesales inventories, the markets closed lower with the Dow dropping 60 points to 11,346 as the pace of hiring slowed. Nasdaq fell 17 points to 2562.

On the upside

Logitech International (Nasdaq: LOGI) raised its long-term gross margins to range between 35% to 37% from a range of 32% to 34%.

American Public Education (Nasdaq: APEI) reported higher third quarter earnings that topped analyst estimates as enrollment and course registrations increased. 

Broadsoft (Nasdaq: BSFT) reversed year ago losses to post a better than expected profit for the third quarter.

On the downside

TiVo (Nasdaq: TIVO) argued before an appeals court that EchoStar (Nasdaq: SATS) and Dish Network (Nasdaq: DISH) continue to infringe on its patents.

Falling silver prices weighed down shares of Silvercorp Metals (NYSE: SVM) and Silver Wheaton (NYSE: SLW).

Hospitality Properties Trust (NYSE: HPT) reported higher third quarter funds from operations that topped analyst estimates but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 10 points to 726.

A sharp drop in September job openings weighed down the markets during the midday with the Dow falling 58 points to 11,348. Nasdaq lost 11 points to 2568.

On the upside

Third quarter earnings fell for McDermott (NYSE: MDR) but the results beat analyst estimates by a wide margin.

Merge Healthcare (Nasdaq: MRGE) reported higher third quarter earnings and named Jeffery A. Surges to the position of chief executive officer. 

Darling International (NYSE: DAR) will pay approximately $840 million in cash and stock to purchase rival Griffin Industries.

On the downside

Hhgregg (Nasdaq: HGG) disappointed with lower second quarter earnings due to a drop in appliance sales.

EnerNoc (Nasdaq: ENOC) reported higher third quarter earnings that beat analyst expectations but the company lowered its full year outlook.

Brookdale Senior Living (NYSE: BKD) announced a secondary offering of 13 million common shares by affiliates of Fortress Investment Group.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 732.

An increase in September wholesale inventories and sales lifted the markets to a higher open with the Dow rising 10 points to 11,417. Nasdaq gained 8 points to 2588.

On the upside

Chevron (NYSE: CVX) will acquire Atlas Energy (Nasdaq: ATLS) in a deal valued at approximately $4.3 billion.

BusinessofVideo reported that Limelight Networks (Nasdaq: LLNW) and Level 3 (Nasdaq: LVLT) will once again provide content delivery network services to Netflix (NYSE: NFLX) after Netflix experienced problems with Akamai (Nasdaq: AKAM). 

Third quarter earnings for LDK Solar (NYSE: LDK) more than tripled to surpass analyst expectations by a wide margin and the company forecast fourth quarter results well ahead of estimates.

On the downside

Solarfun Power Holdings (Nasdaq: SOLF) will offer approximately $67.8 million in American Depositary Shares through a public offering.

Dean Foods (NYSE: DF) disappointed with lower third quarter earnings that fell short of expectations and announced the resignation of chief financial officer Jack Callahan effective November 30 to be replaced by Shauna Mara.

Sunstone Hotel (NYSE: SHO) priced its public offering of 19.5 million common shares at the discounted price of $10.25 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 736.

It was a mixed close for the markets with the Dow losing 37 points to 11,406 over concerns that the Federal Reserve's plan to purchase Treasury bonds may trigger a currency war. Nasdaq added a point to 2580.

On the upside

Rising gold and silver prices lifted shares of Hecla Mining (NYSE: HL).

Louisiana-Pacific (NYSE: LPX) widened third quarter losses but the results were better than analysts expected. 

Ashland (NYSE: ASH) will sell its Ashland Distribution division to TPG Capital for $930 million.

On the downside

TheStreet downgraded Valeant Pharmaceuticals (NYSE: VRX) on Friday to a Hold rating citing the company's third quarter loss as revenue dropped.

Nokia (NYSE: NOK) regained control of the Symbian platform, which has been abandoned by most handset makers.

Bernstein Research analyst Pierre Ferragu downgraded Alcatel Lucent (NYSE: ALU) to an Underperform rating and lowered his price target on the company saying that the company is losing market share.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 736.

Renewed concerns about European debt weighed down the markets during the midday with the Dow losing 37 points to 11,406. Nasdaq rose 3 points to 2582.

On the upside

Uranium Resources (Nasdaq: URRE) raised $9 million through a registered offering and settled a lease agreement lawsuit in Texas.

Inland Empire Utilities Agency purchased a power plant from FuelCell Energy (Nasdaq: FCEL) for installation at a wastewater treatment plant. 

Aastrom Biosciences (Nasdaq: ASTM) widened third quarter losses as expenses increased but the stock price rose as investors anticipate upbeat results next week from the company's Phase 2b clinical trial of its RESTORE-CLI treatment for critical limb ischemia.

On the downside

Bank of America/Merrill Lynch analyst Krish Sankar downgraded Photronics (Nasdaq: PLAB) to an Underperform rating saying that sales will slow.

Republic Airways Holdings (Nasdaq: RJET) reported sharply higher third quarter earnings but revenue fell short of estimates and the airliner announced an offering of 12 million common shares.

Sanford C. Bernstein & Co. expects BHP (NYSE: BHP) to make an offer for Woodside Petroleum rather than Andarko Petroleum (NYSE: APC).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 735.

The markets opened lower with the Dow falling 57 points to 11,386 over mixed earnings. Nasdaq edged up a fraction to 2579.

On the upside

GT Solar International (Nasdaq: SOLR) will repurchase up to 26.5 million common shares.

MGM Resorts' (NYSE: MGM) Bellagio introduced a monthly "Art & Wine: A Perfect Pairing" with the first event on Wednesday, November 10. 

Third quarter earnings for China MediaExpress Holdings (Nasdaq: CCME) more than doubled as revenue surged.

On the downside

SIGA Technologies (Nasdaq: SIGA) will appeal a finding by the Small Business Administration that the company does not qualify as a small business and therefore ineligilbe for the smallpox antiviral contract awarded by the Health and Human Services Department.

Warner Chilcott (Nasdaq: WCRX) disappointed with sharply lower third quarter earnings due to the return of several licensing rights to Leo Pharma products.

Radian Group (NYSE: RDN) will offer up to $350 million in convertible senior notes.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 736.

The markets recovered losses in late afternoon trading to close modestly higher with the Dow adding 9 points to 11,444 as the nation's employers added more jobs than expected in October. Nasdaq gained a point to 2578.

On the upside

Telular (Nasdaq: WRLS) reported higher fourth quarter earnings and announced a special one-time cash dividend of $1.00 per share payable on November 22 to shareholders of record November 15.

Alpha Natural Resources (NYSE: ANR) offered to acquire Massey Energy (NYSE: MEE). 

TTM Technologies (Nasdaq: TTMI) reversed year ago losses to post a profit for the third quarter and forecast current quarter results ahead of estimates.

On the downside

Mohawk Industries (NYSE: CO) reported higher third quarter earnings but revenue fell.

TeleCommunication Systems (Nasdaq: TSYS) disappointed with lower third quarter earnings.

Third quarter earnings for IAMGOLD (NYSE: IAG) fell due to unfavorable foreign exchange rates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 736.


The markets traded flat during the midday with the Dow losing 10 points to 11,424 as pending sales of existing homes dropped in September. Nasdaq added a fraction to 2577.

On the upside

Third quarter earnings slipped for iGo (Nasdaq: IGOI) but revenue rose.

Fluor (NYSE: FLR) swung to a third quarter loss due to one-time charges but revenue increased. 

Shares of Fresh Market (Nasdaq: TFM) soared on its first trading day.

On the downside

China Cord Blood (NYSE: CO) priced its follow-on offering of approximately 8 million shares at $4.50 per share.

YRC Worldwide (Nasdaq: YRCW) narrowed third quarter losses but revenue slipped.

Infospace (Nasdaq: INSP) narrowed third quarter losses but the results fell short of expectations and the company forecast fourth quarter results below estimates prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 736.

While the nation's employers added jobs in October, the unemployment rate remained steady at 9.6%. The markets opened flat with the Dow slipping 4 points to 11,430 while Nasdaq eased a fraction to 2577.

On the upside

Atmel (Nasdaq: ATML) reversed year ago losses to post a better than expected profit for the third quarter as revenue climbed.

ReneSola (NYSE: SOL) swung to a third quarter profit and lifted its fourth quarter guidance. 

Asia Entertainment & Resources (Nasdaq: AERL) raised $35.5 million through the redemption of warrants.

On the downside

SandRidge Energy (NYSE: SD) blamed derivative contract losses for swinging to an unexpected loss for the third quarter. The natural gas and oil company also announced the resignation of chief financial officer Dirk Van Doren.

DexCom (Nasdaq: DXCM) narrowed losses for the third quarter but revenue fell short of estimates.

Clearwire (NYSE: CLWR) widened third quarter losses as expenses climbed prompting downgrades.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 734.


The markets surged to the highest close in two years with the Dow rocketing 219 points to 11,434 in response to the Fed's $600 billion stimulus plan. Nasdaq leaped 37 points to 2577.

On the upside

ION Geophysical (NYSE: IO) reversed year ago losses to post a profit for the third quarter as revenue climbed.

Sunrise Senior Living (NYSE: SRZ) swung to a third quarter profit on higher revenue. 

MasTec (NYSE: MTZ) reported higher third quarter earnings and lifted its full year outlook prompting an upgrade.

On the downside

UBS downgraded Corinthian Colleges (Nasdaq: COCO) to a Sell rating.

Third quarter earnings for Global Cash Access Holdings (NYSE: GCA) fell as revenue dropped.

Lumber Liquidators (NYSE: LL) blamed lower third quarter earnings that fell short of expectations on higher transportation expenses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 18 points to 733.

Investors welcomed the Federal Reserve's plan to purchase $600 billion in Treasury bonds by lifting the markets sharply higher during the midday with the Dow leaping 183 points to 11,398. Nasdaq soared 32 points to 2572.

On the upside

Axcelis Technologies (Nasdaq: ACLS) narrowed third quarter losses as revenue more than doubled.

Manulife Financial (NYSE: MFC) widened third quarter losses as actuarial assumptions changed but the results were better than expected. 

Vishay Intertechnology (NYSE: VSH) priced its offering of $275 milllion in convertible senior debentures at an initial $13.88 per share.

On the downside

Lionbridge Technologies (Nasdaq: LIOX) widened third quarter losses and forecast fourth quarter reveue below expectations.

Fourth quarter earnings rose to top estimates for Amdocs (NYSE: DOX) but the company forecast current quarter income that fell short of analyst expectations.

A former senior manager of MannKind (Nasdaq: MNKD) accused the biopharmaceutical of potential fraud and scientific misconduct for intentionally hiding problems from clinical trials of its inhalable insulin Afrezza.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 730.

The Federal Reserve's $600 billion stimulus plan lifted the markets to a sharply higher open with the Dow surging 167 points to 11,382. Nasdaq climbed 31 points to 2572.

On the upside

Whole Foods Market (Nasdaq: WFMI) reported sharply higher fourth quarter earnings that beat analyst expectations prompting the natural and organic food supermarket operator to lift its fiscal 2011 outlook.

Fourth quarter earnings for Qualcomm (Nasdaq: QCOM) rose to surpass analyst expectations and the company forecast first quarter results ahead of estimates prompting an upgrade. 

Gap (NYSE: GPS) impressed with a 2% increase in October same store sales and forecast third quarter results above analyst expectations.

On the downside

Monolithic Power Systems (Nasdaq: MPWR) reported higher third quarter earnings that topped estimates but the company forecast disappointing fourth quarter results.

Alcatel-Lucent (NYSE: ALU) reported an unexpected third quarter profit but the stock price fell on disappointing margins.

The Department of Education will review for-profit educator Apollo Group's (Nasdaq: APOL) federal financial aid program.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 12 points to 727.


The Federal Reserve will purchase $600 billion in Treasury bonds to jumpstart the stalled economy lifting the markets to a higher close with the Dow rising 26 points to 11,215. Nasdaq added 6 points to 2540.

On the upside

Fushi Copperweld (Nasdaq: FSIN) received an offer from chief executive Li Fu and Abax Global Capital to take the company private for $11.50 per share.

MGM Resorts (NYSE: MGM) narrowed third quarter losses more than expected. 

Wabash National (NYSE: WNC) narrowed third quarter losses as revenue nearly doubled.

On the downside

HSN (Nasdaq: HSNI) blamed product recalls for lower third quarter earnings that fell short of analyst expectations.

PulteGroup (NYSE: PHM) widened third quarter losses due to significant charges and lower new home orders.

Innophos Holdings (Nasdaq: IPHS) disappointed by swinging to a loss for the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 715.

The nation's service sector expanded at a much greater pace than anticipated but the markets traded lower during the midday with the Dow losing 24 points to 11,164. Nasdaq fell 12 points to 2520.

On the upside

Shares of home beverage carbonation system maker SodaStream International (Nasdaq: SODA) surged on its market debut.

Hartford Financial Services (NYSE: HIG) reversed year ago losses to post a better than expected profit for the third quarter and lifted its full year outlook. 

Third quarter earnings for Magic Software (Nasdaq: MGIC) nearly tripled as revenue soared.

On the downside

The Food and Drug Administration approved Cadence Pharmaceuticals' (Nasdaq: CADX) intravenous pain medication Ofirmev but the stock price dropped over concerns of a costly product launch.

AsiaInfo-Linkage (Nasdaq: ASIA) reported higher third quarter earnings but gross margin dropped.

Third quarter earnings slipped for Quanta Services (NYSE: PWR) and the company lowered its fourth quarter guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 709.

Markets Flat Ahead Of Fed Meeting

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The markets opened flat with the Dow adding 5 points to 11,193 while Nasdaq slipped 4 points to 2528 ahead of the Federal Reserve meeting.

On the upside

While third quarter earnings dropped for STEC (Nasdaq: STEC), the results beat analyst expectations and the company forecast current quarter results ahead of estimates prompting an upgrade.

The Wall Street Journal reported that Pride International (NYSE: PDE) engaged in acquisition discussions with Seadrill (NYSE: SDRL) and Ensco (NYSE: ESV). 

Third quarter earnings for OpenTable (Nasdaq: OPEN) surged more than fourfold to surpass analyst expectations by a wide margin as revenue soared.

On the downside

Chimera Investment (NYSE: CIM) priced its offering of 125 million common shares at $3.85 per share.

Sonus (Nasdaq: SONS) widened third quarter losses more than expected as revenue dropped and forecast full year revenue below expectations.

EOG Resources (NYSE: EOG) swung to a third quarter loss and cut its 2010 production outlook.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by more than 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 713.


Anticipation of a Republican victory for the House lifted the markets to a higher close on election day with the Dow gaining 64 points to 11,188. Nasdaq climbed 28 points to 2533.

On the upside

Third quarter earnings rose for Cabela'a (NYSE: CAB) on higher revenue and improved margins.

W&T Offshore (NYSE: WTI) reversed year ago losses to post a profit for the third quarter. 

Privately held Stefanini International Holdings will acquire TechTeam Global (Nasdaq: TEAM) in a deal valued at approximately $93.4 million.

On the downside

Microvision (Nasdaq: MVIS) widened losses more than expected prompting downgrades.

Gramercy Capital (NYSE: GKK) reversed year ago losses but occupancy rate fell in its realty unit.

Marathon Oil (NYSE: MRO) reported higher third quarter earnings that beat analyst expectations but the company warned that full year output will be at the low end of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 712.

The markets traded higher during the midday with the Dow rising 66 points to 11,190 even as record foreclosures weighed down the nation's homeownership rate to the lowest level in ten years. Nasdaq gained 19 points to 2524.

On the upside

Skilled Healthcare Group (Nasdaq: SKH) swung to a third quarter loss due to a legal settlement but revenue rose to beat analyst expectations.

Medco Health (NYSE: MHS) reported higher third quarter earnings that beat analyst expectations prompting the pharmacy benefits manager to lift its full year outlook. 

Rumors circulated that Dell (Nasdaq: DELL) may be interested in acquiring Rackspace Hosting (NYSE: RAX).

On the downside

BioScrip (Nasdaq: BIOS) disappointed with lower third quarter earnings that fell short of expectations and withdrew its guidance for the full year. The company also announced the resignation of chief executive Richard Friedman effective January 1, 2011.

While fourth quarter earnings for Energizer Holdings (NYSE: ENR) more than doubled, the results fell short of expectations.

Third quarter earnings tumbled for Spirit Aerosystems Holdings (NYSE: SPR) to fall short of analyst expectations prompting the company to lower its full year guidance.

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 Russell 2000 which tracks small cap stocks climbed 8 points to 706.

Markets Open Higher On Election Day

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The markets opened higher on election day with the Dow gaining 71 points to 11,196 with Republicans poised to take control of the House. Nasdaq rose 16 points to 2521.

On the upside

Oracle (Nasdaq: ORCL) will pay approximately $1 billion in cash to acquire Art Technology Group (Nasdaq: ARTG).

Melco Crown Entertainment (Nasdaq: MPEL) reversed year ago losses to post a profit for the third quarter. 

Radian Group (NYSE: RDN) swung to an unexpected third quarter profit as mortgage delinquencies fell.

On the downside

Although Mindspeed Technologies (Nasdaq: MSPD) reversed year ago losses to post a better than expected profit for the third quarter, the company forecast fourth quarter revenue below expectations.

First quarter earnings for Corinthian Colleges (Nasdaq: COCO) fell short of estimates and the for-profit educator warned of lower student enrollment in the second quarter.

Credit Suisse cited valuation concerns for downgrading Archer Daniels Midland (NYSE: ADM).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 706.

Flat Close Ahead Of Elections

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The markets closed flat with the Dow rising 6 points to 11,124 ahead of elections tomorrow. Nasdaq slipped 2 points to 2504.

On the upside

Seeking Alpha contributor Sheff Station expects Aastrom's (Nasdaq: ASTM) stock price to rise in November.

Third quarter earnings surged for Arch Coal (NYSE: ACI) as revenue leaped prompting an upgrade. 

Nam Tai Electronics (NYSE: NTE) reported higher third quarter earnings as revenue climbed.

On the downside

First Horizon National (NYSE: FHN) received a subpoena for information related to certain securities backed by Fannie Mae and Freddie Mac.

Goodrich Petroleum (NYSE: GDP) reported that production in the third quarter was lower than expected.

Sify Technologies (NYSE: SIFY) widened second quarter losses.

In the broad market, advancing issues edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 698.


The markets retreated from early morning highs but still traded higher with the Dow gaining 53  points to 11,172 over increased manufacturing activity. Nasdaq added 4 points to 2511.

On the upside

Unidentified sources said that International Business Machines (NYSE: IBM) offered to acquire Fortinet (Nasdaq: FTNT).

CNA Financial (NYSE: CNA) offered $22 per share in cash to acquire all outstanding common shares of CNA Surety (NYSE: SUR) that it does not currently own. 

JinkoSolar Holding (NYSE: JKS) reported third quarter earnings that beat analyst expectations by a wide margin and forecast fourth quarter revenue well ahead of estimates.

On the downside

Although Advanced Energy Industries (Nasdaq: AEIS) reversed year ago losses, third quarter earnings fell short of expectations and the company forecast fourth quarter earnings below estimates.

Shares of Newpark Resources (NYSE: NR) continued falling after reporting disappointing third quarter results last week.

Alere (NYSE: ALR) swung to a loss for the third quarter as flu shot sales fell and lowered its full year outlook.

In the broad market, advancing issues outpaced decliners by a margin of more than 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 slipped a point to 702.

The Institute for Supply Management's manufacturing index surprised analysts by increasing in October to lift the markets to a higher open with the Dow climbing 97  points to 11,216. Nasdaq gained 17 points to 2524.

On the upside

EXCO Resources (NYSE: XCO) chairman and chief executive Douglas Miller offered to take the oil and natural gas company private in a deal valued at approximately $4.6 billion.

The Food and Drug Administration approved Avanir's (Nasdaq: AVNR) Neudexta as the first and only approved treatment for pseudobulbar affect. 

The Teamsters ratified a modified labor agreement with YRC Worldwide (Nasdaq: YRCW) that will reduce costs and improve service.

On the downside

The Food and Drug Administration issued a complete response letter to Biodel (Nasdaq: BIOD) requesting two additional late stage clinical trials of its diabetes treatment Linjeta.

Wilmington Trust (NYSE: WL) agreed to be acquired by M&T Bank (NYSE: MTB) after reporting significant losses for the third quarter.

Anadigics (Nasdaq: ANAD) swung to a better than expected profit for the third quarter but the company forecast fourth quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 710.

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