December 2010 Archives

Mixed Close On Final Trading Day

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On the final trading day of 2010, the markets closed mixed with the Dow adding 7 points to 11,577. Nasdaq lost 10 points to 2652.

On the upside

ArcelorMittal (NYSE: MT) increased its offer to purchase Baffinland Iron Mines to $551 million.

A&G Capital Research chief investment officer Hilary Kramer expects China Nepstar (NYSE: NPD) to do well in 2011.

Randy Durig of Durig Capital wrote that China Yuchai International (NYSE: CYP) outperforms its peers and is undervalued.

On the downside

Huntington Bancshares (Nasdaq: HBAN) was the fifth biggest gainer on the S&P 500 in 2010 but the stock price fell.

Exxon Mobil (NYSE: XOM) blamed a compressor malfunction for releasing nitrogen oxide and nitrogen dioxide at its fininshing plant in Louisiana.

Assured Guaranty (NYSE: AGO) chief executive Dominic Frederico was listed as the fifth worst-performing CEO of 2010 in the financial sector.

In the broad market, advancing issues edged out decliners by a margin of more than 9 to 7 on the NYSE while decliners outpaced advancers by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 783.

Mixed Markets On Final Trading Day

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The markets traded mixed during the midday with the Dow rising 15 points to 11,585 on the final trading day of 2010. Nasdaq slipped 8 points to 2654.

On the upside

The National Association of Realtors reported yesterday that pending sales of previously owned homes climbed by a much larger than expected 3.5% in November to lift shares of homebuilders Standard Pacific (NYSE: SPF) and Hovnanian Enterprises (NYSE: HOV).

The Inflection Point listed Kemet (NYSE: KEM) as one of tens stocks with the potential to double in 2011.

Eiad Asbahi of Prescience Investment Group wrote that Active Power (NYSE: ACPW) has great upside potential.

On the downside

Seeking Alpha contributor Robert Weinstein wrote that Corinthian Colleges (Nasdaq: COCO) will be the most important stock to own in 2011 but the stock price fell.

Dell (Nasdaq: DELL) is expected to introduce a touchscreen tablet to compete against Apple's (Nasdaq: AAPL) iPad at the Consumer Electronics Show next week but analysts do not expect any rivals to dethrone the iPad.

Investors locked in profits on Molycorp (NYSE: MCP), whose shares surged recently when China cut its rare earth metals exports.

In the broad market, advancing issues edged out decliners by a margin of nearly 2 to 1 on the NYSE while decliners outpaced advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 789.

Profit Taking Weighs Down Stocks

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The markets opened lower with the Dow slipping 6 points to 11,562 as investors locked in profits on the final trading day of 2010. Nasdaq fell 10 points to 2652.

On the upside

The Daily Mail reported that Sony may offer $40 per share to acquire IMAX (Nasdaq: IMAX).

CVS (NYSE: CVS) will pay approximately $1.25 billion to purchase the Medicare Part D business of Universal American (NYSE: UAM).

Shares of Andarko Petroleum (NYSE: APC) continued climbing on rumors that BHP Billiton will offer more $40 billion to acquire the oil and natural gas exploration company.

On the downside

Borders Group (NYSE: BGP) will delay paying some of its vendors as the bookseller restructures financing agreements.

China Direct Industries (Nasdaq: CDII) will sell more than 2 million common shares at $1.80 per share through a registered direct offering.

Investors locked in profits on Qiao Xing (Nasdaq: XING), whose shares rose after the emerging resources company posted pictures of its newly acquired lead-zinc-copper mine in Inner Mongolia on Wednesday.

In the broad market, advancing issues edged out decliners by a margin of nearly 5 to 4 on the NYSE while decliners outpaced advancers by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 788.

Despite a drop in initial applications for unemployment benefits, the markets closed modestly lower with the Dow slipping 15 points to 11,569 as mortgage rates rose. Nasdaq lost 3 points to 2662.

On the upside

Analysts expect International Coal (NYSE: ICO) to post a profit for the fourth quarter of 8 cents per share compared with a loss of 7 cents per share a year earlier and forecast a 23% surge in the stock.

Shares of Rio Tinto (NYSE: RIO) are expected to soar 37% in 2011.

DARA Biosciences (Nasdaq: DARA) announced an agreement for the sale of convertible preferred stock and warrants to purchase common stock to certain investors.

On the downside

Bloomberg reported that a surge yesterday in put-option volume for Zale (NYSE: ZLC) indicated that investors expect the jewelry retailer's price to drop.

Shares of Suntech Power (NYSE: STP) continued falling over concerns that more solar subsidies will end.

TheStreet.com listed Fortress Investment Group (NYSE: FIG) as a top 10 financial stock pick for 2011 but the stock price fell.

In the broad market, advancing issues edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 789.

Rising mortgage rates weighed down the markets during the midday with the Dow losing 17 points to 11,567. Nasdaq slipped 2 points to 2664.

On the upside

A U. S. automotive company expanded its contract with Wave Systems (Nasdaq: WAVX) by an additional $5.2 million.

Focus Media Holding (Nasdaq: FMCN) will pay approximately $61 million to acquire more than 15 million common shares of VisionChina Media (Nasdaq: VISN).

Bezinga.com contributor Roger Nachman highlighted the turnaround of General Motors (NYSE: GM) and its emegence from bankruptcy in 2010.

On the downside

American Express (NYSE: AXP) was the largest decliner among Dow components amidst continued concerns about fees.

Petters Group Worldwide sued JPMorgan Chase (NYSE: JPM) over proceeds from the sale of Polaroid Holding.

General Electric (NYSE: GE) sold the most corporate bonds in 2010.

In the broad market, declining issues edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 792.

Jobless claims tumbled to its lowest level in more than two years but mortgage rates rose to a seven month high. The markets opened lower with the Dow slipping 7 points to 11,577 while Nasdaq eased a point to 2665.

On the upside

Shares of Qiao Xing Universal Resources (Nasdaq: XING) continued soaring after the mining company posted pictures of its recently acquired lead-zinc-copper mine in Inner Mongolia and announced the launch of a new company website in January.

The Daily Mail reported that BHP Billiton will make an all cash $90 per share offer to acquire Andarko Petroleum (NYSE: APC).

JPMorgan Chase (NYSE: JPM) and Barclay's (NYSE: BCS) withdrew from a lawsuit filed in May 2009 by eighteen of the largest global financial institutions against MBIA (NYSE: MBI).

On the downside

Sonus Networks' (Nasdaq: SONS) executive vice president and chief operating officer resigned effective immediately.

Mizuho Financial Group (Nasdaq: MFG) will pay approximately $368 million to acquire preferred shares of Orient from Morgan Stanley (NYSE: MS) and Kohlberg Kravis Roberts (NYSE: KKR).

Holiday sales at eBay (Nasdaq: EBAY) did not grow as much as rival online retailers such as Amazon (Nasdaq: AMZN).

In the broad market, declining issues edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 791.

The markets closed modestly higher with the Dow adding 9 points to 11,585 with only two more trading days in 2010. Nasdaq rose 4 points to 2666.

On the upside

Bel Fuse will nominate three candidates for Pulse Electronics' (NYSE: PULS) Board of Directors as a first step in reopening discussions for a possible merger between the two electronics components rivals.

TheStreet's Rev Shark recommended trading smaller stocks such as Flotek Industries (NYSE: FTK).

Shares of optical networking company Opnext (Nasdaq: OPXT) climbed as streaming services expanded.

On the downside

General Steel Holdings (NYSE: GSI) replaced its auditor Frazer Frost LLP with PricewaterhouseCoopers.

Advocacy groups insisted that Comcast (Nasdaq: CMCSA) provide the Federal Communications Commission with its programming contracts to review before the agency votes on Comcast's merger with NBC Universal.

Calyon Securities analyst Mike Mayo lowered his fourth quarter earnings outlook on Goldman Sachs (NYSE: GS).

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 edged up a fraction to 790.

Markets Advance At Midday

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The markets advanced during the midday with the Dow climbing 46 points to 11,621. Nasdaq rose 7 points to 2670.

On the upside

Qiao Xing Universal Resources (Nasdaq: XING) posted pictures of its recently acquired lead-zinc-copper mine in Inner Mongolia.

Shares of Molycorp (NYSE: MCP) climbed after China announced yesterday that it will lower its rare earth metals exports in 2011.

Bioanalytical Systems (Nasdaq: BASI) partnered with Pharmasset (Nasdaq: VRUS) to provide preclinical services for pre-IND and post-IND activities.

On the downside

Hauppauge Digital (Nasdaq: HAUP) disappointed with a loss for the fourth quarter as revenue dropped.

Ultralife (Nasdaq: ULBI) will take a $14 million impairment charge in the fourth quarter and lowered its full year revenue guidance.

Wells Fargo (NYSE: WFC) economist Sam Bullard expects home prices to drop 8% in 2011.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nnearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 791.

The markets opened higher with the Dow gaining 37 points to 11,612 as crude oil slipped. Nasdaq rose 7 points to 2670.

On the upside

The Food and Drug Administration granted Marina Biotech's (Nasdaq: MRNA) Familial Adenomatous Polyposis treatment CEQ508 orphan drug status.

Piper Jaffay upgraded Rightnow Technologies (Nasdaq: RNOW) to an Overweight rating with a price target of $26.

The New York Post reported that BJ's Wholesale Club (NYSE: BJ) may be the target of a hostile takeover by private equity firm Leonard Green & Partners if the warehouse club fails to initiate an auction to sell itself next month.

On the downside

DARA BioSciences (Nasdaq: DARA) priced its public offering of 4,800 units at $1,000 per unit.

China Integrated Energy (Nasdaq: CBEH) announced a registered direct placement of more than 2.1 million common shares at $7 per share to institutional investors.

Seeking Alpha contributor Michael Bryant wrote that Acadia Pharmaceuticals (Nasdaq: ACAD) is overbought.

In the broad market, advancing issues outpaced decliners by a margin of moore than 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 791.


The markets closed mixed with the Dow gaining 20 points to 11,575 as December consumer confidence fell. Nasdaq slipped 4 points to 2662.

On the upside

Piper Jaffray analyst Neely Tamminga initiated coverage of ValueVision Media (Nasdaq: VVTV) with a Buy rating and a price target of $8.

China's decision to cut its rare earth exports lifted shares of Thompson Creek Metals (NYSE: TC).

Investment analyst Marc H. Gerstein said that Sirius XM (Nasdaq: SIRI) should "grow into its valuation."

On the downside

While Macau reported higher year over year arrivals in November, month to month vistors dropped weighing down shares of Las Vegas Sands (NYSE: LVS).

JPMorgan Chase (NYSE: JPM) announced that more than $907 million in securities were validly tendered.

Discovery Laboratories (Nasdaq: DSCOD) completed a 1-for-15 reverse stock split.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 789.

Markets Mixed As Home Prices Drop

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The markets traded mixed during the midday with the Dow rising 27 points to 11,582 as single family home prices dropped in October. Nasdaq lost 4 points to 2662.

On the upside

Santarus (Nasdaq: SNTS) submitted a license application to the Food and Drug Administration for its acute angioedema treatment RHUCIN.

Gushan Environmental Energy (NYSE: GU) is assessing the effects of China's consumption tax.

BB&T Capital Markets upgraded KBR (Nasdaq: KBR) to a Buy rating.

On the downside

Sprint (NYSE: S) launched its 4G service in four San Francisco area cities but the stock price fell.

Motley Fool said that Saks' (NYSE: SKS) profitability and return on equity was below that of Nordstrom (NYSE: JWN).

Shares of XOMA (Nasdaq: XOMA) continued falling after Seeking Alpha contributor Edward Stevenson questioned the biopharmaceutical's drug development yesterday.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 790.

A surprise drop in consumer confidence weighed down the markets to a lower open with the Dow easing 2 points to 11,552. Nasdaq slipped 4 points to 2663.

On the upside

The Food and Drug Administration delayed its decision on MannKind's (Nasdaq: MNKD) inhaled insulin device sparking hope that the treatment will be approved.

China lowered exports on minerals by 11% lifting shares of rare earth metals company Molycorp (NYSE: MCP).

An outside statistician hired by Repros Therapeutics (Nasdaq: RPRX) to reanalyze data from a study of the company's secondary hypogonadism treatment Androxal reported significant improvement in patients.

On the downside

A greater than expected drop in home prices weighed down shares of Beazer Homes (NYSE: BZH).

BioSante Pharmaceuticals (Nasdaq: BPAX) announced an $18 million registered direct offering.

Tax incentives for small car purchases will end in China on January 1 weighing down shares of Ford (NYSE: F).

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 788.


Upbeat holiday retail sales tempered disappointment over China's unexpected interest rate increase. The markets closed mixed with the Dow losing 18 points to 11,555 while Nasdaq edged up a point to 2667.

On the upside

The Student Loan (NYSE: STU) settled a class action lawsuit last Thursday.

Dealogic named JPMorgan Chase (NYSE: JPM) 2010's top investment bank for reporting the highest fees of all its rivals.

Seeking Alpha contributor Jeremy Richards said that Valence Technology (Nasdaq: VLNC) has much upside potential.

On the downside

SouFun Holding (NYSE: SFUN) held a conference call this morning to discuss details of its plan to pay $46 million to acquire a former AIG training center building in New York.

comScore datat indicated that Yahoo (Nasdaq: YHOO) lost its position as the third largest website in the world to Facebook.

Concerns that China's interest rate hike will dampen growth weighed down shares of iron ore producer Vale (NYSE: VALE).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 3 points to 792.

The markets traded mixed during the midday with the Dow slipping 15 points to 11,558 while Nasdaq added 3 points to 2669 as investors digested an unexpected interest rate hike by the Bank of China.

On the upside

A-Power Energy Generation (Nasdaq: APWR) will engineer, procure and construct a coal-based power plant for the Inner Mongolia Huolinhe Coal Trade Group.

Barron's said that Cisco (Nasdaq: CSCO) is undervalued.

Motley Fool listed Quantum (NYSE: QTM) as one of the top ten performing stocks in computers and peripherals.

On the downside

DryShips (Nasdaq: DRYS) will pay approximately $770 million for a dozen high-specification newbuilding oil tankers .

A Bloomberg article suggested that Microsoft's (Nasdaq: MSFT) attempts to enter the tablet computing space will fail.

Barron's said that gross margins will continue to decline for Micron Technology (NYSE: MU).

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 791.

The Bank of China raised an interest rate to tame inflation sending U. S. markets down to a lower open with the Dow losing 27 points to 11,545. Nasdaq dropped 12 points to 2652.

On the upside

Repros Therapeutics (Nasdaq: RPRX) completed two animal studies of its uterine fibroid and endometriosis treatment Proellex in a vaginal delivery formulation.

Shares of Jackson Hewitt Tax Service (NYSE: JTX) climbed after H&R Block's (NYSE: HRB) tax refund anticipation loan partner ended its contract with the tax preparation firm.

American International Group (NYSE: AIG) entered two credit facilities totaling $3 billion.

On the downside

Seeking Alpha contributor Edward Stevenson questioned the recent surge in XOMA's (Nasdaq: XOMA) stock price.

Capstone Investments analyst Carter Driscoll initiated coverage of Tesla Motors (Nasdaq: TSLA) with a Sell rating and a price target of $22.

The Food and Drug Administration refused to approve Alimera Sciences' (Nasdaq: ALIM) and pSivida's (Nasdaq: PSDV) diabetic macular edema treatment Iluvien.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 787.

U. S. Markets Closed

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

The markets closed mixed with the Dow rising 14 points to 11,573 as consumer spending rose in November by a smaller than expected amount. Nasdaq lost 5 points to 2665.

On the upside

Willbros Group (NYSE: WG) won a contract to rebuild Bangor Hydro Electric Company's 115 kV Line 64 transmission line.

Subaye (Nasdaq: SBAY) swung to a loss for the full year but revenue surged .

The Food and Drug Administration did not approve Teva Pharmaceutical Industries' (Nasdaq: TEVA) stronger version of its multiple sclerosis treatment Copaxone but the generic drug company vowed to work with the FDA to clarify all questions and concerns of the regulatory agency.

On the downside

United Airlines (NYSE: UAL) will switch from its legacy Travelport reservation system a Hewlett-Packard (NYSE: HPQ) platform.

Bank of America (NYSE: BAC) failed to block efforts by insurer MBIA to use statistical sampling in a mortgage fraud lawsuit.

Seeking Alpha contributor Ed Silverman said that even if Arena Pharmaceuticals' (Nasdaq: ARNA) obesity treatment Iorcaserin is approved, it will be one of the last diet drugs to reach pharmacy shelves.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 788.

The markets traded flat during the midday with the Dow edging up 6 points to 11,566 as Fitch Ratings downgraded Portugal's credit rating. Nasdaq slipped 5 points to 2665.

On the upside

Repros Therapeutics (Nasdaq: RPRX) submitted data to the Food and Drug Administration for its Androxal testosterone treatment.

Goldman Sachs initiated coverage of ReneSola (NYSE: SOL) with a Buy rating and an $11 price target.

E-Commerce China Dangdang (NYSE: DANG) will expand beyond media offerings to compete against Alibaba Group's Taobao.

On the downside

Arrowhead Research (NYSE: ARWR) narrowed fourth quarter losses but revenue fell.

Capstone Investments analyst Carter Driscoll initiated coverage of Tesla Motors (Nasdaq: TSLA) with a Sell rating and a price target of $22.

Micron Technology (Nasdaq: MU) disappointed with lower first quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by a margin of 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 790.

The markets opened mixed with the Dow adding 10 points to 11,569 while Nasdaq slipped 7 points to 2664 as consumer sentiment rose less than expected in December.

On the upside

Rovi will acquire Sonic Solutions (Nasdaq: SNIC) in a cash and stock deal valued at approximately $720 million.

Advantest (NYSE: ATE) increased its offer to acquire Verigy (Nasdaq: VRGY) to $15 per share from $12.15 per share.

Investment firm Leonard Green & Partners will take Jo-Ann Stores (NYSE: JAS) private in a deal valued at approximately $1.6 billion.

On the downside

The Irish government will gain control of Allied Irish Banks (NYSE: AIB) with a capital infusion of $4.9 billion.

New home sales rose less than expected in November to weigh down shares of homebuilders Hovnanian Enterprises (NYSE: HOV), Lennar (NYSE: LEN) and Standard Pacific (NYSE: SPF).

Crocs (Nasdaq: CROX) chief financial officer Russell Hammer announced his resignation.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 790.

The markets closed modestly higher with the Dow rising 23 points to 11,559 as existing home sales rose sequentially but tumbled from year ago levels. Nasdaq gained 3 points to 2671.

On the upside

MI Developments (NYSE: MIM) will convert all Class A and Class B stock into common shares.

Rediff.com's (Nasdaq: REDF) streaming music service SongBuzz announced the top ten Bollywood songs of the year.

Apricus Biosciences (Nasdaq: APRI) licensed the exclusive marketing rights for its erectile dysfunction treatment Vitaros in Italy to Bracco.

On the downside

First quarter earnings for Lindsay (NYSE: LNN) tumbled to fall far short of analyst expectations.

Solar technology firm SpectraWatt, which was spun off from Intel (Nasdaq: INTC), will shutter a factory in New York.

The Internal Revenue Service notified Boston Scientific (NYSE: BSX) that the medical device maker owed at least $525 million in taxes related to its acquisition of Guidant.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 790.


GDP Revised Upward, Markets Advance

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The Commerce Department revised upward the nation's gross domestic product to an annualized rate of 2.6% to lift the markets higher during the midday with the Dow gaining 24 points to 11,557. Nasdaq added 3 points to 2670.

On the upside

BSD Medical (Nasdaq: BSDM) announced a dedicated distribution network for its MicroThermX Microwave Ablation line of products.

Oxford Industries (NYSE: OXM) acquired upscale apparel brand Lilly Pulitzer owner Sugartown Worldwide.

Regional banks BankAtlantic Bancorp (NYSE: BBX) and Regions Financial (NYSE: RF) rose on acquisition speculation.

On the downside

Corcept Therapeutics (Nasdaq: CORT) reported positive results from a late stage clinical trial of its Cushing's Syndrome treatment Corlux but the stock price fell.

Third quarter earning for The Finish Line (Nasdaq: FINL) tumbled.

Hovnanian Enterprises (NYSE: HOV) narrowed fourth quarter losses but new contracts tumbled.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 791.

Flat Open Over Mixed Home Sales Data

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While sales of previously owned homes rose in November, sales remained below a healthy pace. The markets opened flat with the Dow adding 5 points to 11,538. Nasdaq eased a fraction to 2666.

On the upside

Hancock Holding (Nasdaq: HBHC) will acquire Whitney Holding (Nasdaq: WTNY) in a stock-for-stock transaction valued at approximately $1.5 billion.

First quarter earnings for Walgreen (NYSE: WAG) climbed to surpass analyst expectations as revenue rose.

Zoom Technologies (Nasdaq: ZOOM) raised its full year guidance to forecast record results earnings and revenue.

On the downside

Arena Pharmaceuticals (Nasdaq: ARNA) will resubmit a new drug application for its weight loss treatment Iorcaserin to the Food and Drug Administration by the end of 2011.

EMCORE (Nasdaq: EMKR) disappointed with a loss for the fourth quarter.

Second quarter earnings for Nike (NYSE: NKE) rose to beat analyst expectations but the athletic footwear retailer reported future orders data that fell short of estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 790.

Upbeat earnings along with corporate consolidations lifted the markets to a higher close with the Dow gaining 55 points to 11,533. Nasdaq climbed 18 points to 2667.

On the upside

Summer Street Research Partners said that Xoma's (Nasdaq: XOMA) once per month diabetes medication XOMA-052 may be the best in a new class of blockbuster drugs.

WABCO Holdings (NYSE: WBC) cited increased demand for lifting its fourth quarter as well as its 2010 full year outlook.

Carnival (NYSE: CCL) reported higher fourth quarter earnings and forecast 2011 results ahead of expectations.

On the downside

Security camera maker ICOP Digital (Nasdaq: ICOP) suspended operations due to a lack of cash and is pursuing financing options.

Orion Marine Group (NYSE: ORN) blamed subcontractor delays and production schedule shifts for cutting its revenue outlook for 2010.

Gilead Sciences (Nasdaq: GILD) will pay approximately $225 million to acquire Arresto Biosciences.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose 8 points to 790.


The markets advanced during the midday with the Dow gaining 54 points to 11,532 as investors welcomed merger and acquisition news. Nasdaq climbed 16 points to 2666.

On the upside

Ivanhoe Energy (Nasdaq: IVAN) announced a significant natural gas discovery at the Yixin-2 well on the Zitong Block in Southwest China.

Jackson Hewitt Tax Service (NYSE: JTX) announced that secured necessary funds to offer refund anticipation loans.

Molycorp (NYSE: MCP) partnered with Hitachi Metals to produce rare earth alloys and magnets in the United States.

On the downside

Darden Restaurants (NYSE: DRI) reported higher second quarter earnings but sales growth fell short of expectations.

Sterne Agee & Leach downgraded Skechers (NYSE: SKX) to a Sell rating citing decreasing margins.

CPI (NYSE: CPY) widened third quarter losses as revenue slipped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 789.

Merger and acquistion activity lifted the markets to a higher open with the Dow climbing 46 points to 11,524. Nasdaq gained 12 points to 2661.

On the upside

The largest vitamin maker in the world DSM will pay approximately $1.1 billion in cash to acquire Martek Biosciences (Nasdaq: MATK).

Lock maker Assa Abloy will acquire identity card maker LaserCard (Nasdaq: LCRD) for approximately $80 million.

First quarter earnings for Jabil Circuit (NYSE: JBL) more than tripled to surpass analyst expectations as revenue soared and the company forecast current quarter results ahead of estimates.

On the downside

CarMax (NYSE: KMX) reported higher third quarter earnings that topped analyst estimates as revenue rose but gross profit per vehicle held steady.

Kandi Technologies (Nasdaq: KNDI) announced a registered direct offering of more than 3 million common shares.

Rockwood Holdings (NYSE: ROC) priced its public offering of 8 million common shares at the discounted price of $38.30.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 785.

Mixed Close As Irish Banks Downgraded

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It was a mixed close for the markets with the Dow slipping 13 points while Nasdaq added 6 points to 2649. Downgrades of Irish banks tempered enthusiasm for passage of the tax cut extensions last week.

On the upside

TheStreet.com listed Ariad Pharmaceuticals (Nasdaq: ARIA) as one of the top 10 stock picks for 2011 that is under $5.

Peregrine Pharmaceuticals (Nasdaq: PPHM) completed enrollment of patients in a Phase II clinical trial of its brain cancer treatment Cotara.

WSP Holdings (NYSE: WH) subsidiary Wuxi Seamless Oil Pipes received twenty six new orders from Venezuelan oil company PDVSA Services for casing pipe, tubing pipe and line pipe.

On the downside

Competitors of E-Commerce China Dangdang Inc. (Nasdaq: DANG) launched a price war to lure holiday shoppers.

Ultrapetrol (Nasdaq: ULTR) will sell $60 million in convertible senior notes.

WiseWindow's Holiday Preference Index listed Apple's (Nasdaq: AAPL) iPhone over Research in Motion's (NYSE: RIMM) Blackberry device as the most popular smartphone preference among consumers.

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 nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 782.

Mixed Markets At Midday

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The markets traded mixed during the midday with the Dow slipping 13 points while Nasdaq rose 7 points to 2650 on a shortened trading week.

On the upside

Chelsea Therapeutics International (Nasdaq: CHTP) will accelerate the new drug application process for its chronic low blood pressure treatment Northera.

Icagen (Nasdaq: ICGN) began a Phase I clinical trial of its pain treatment Nav1.7 in collaboration with Pfizer (NYSE: PFE).

Chesapeake Energy (NYSE: CHK) announced that activist investor Carl Icahn own's 5.8% of the company's stock.

On the downside

Magic Software (Nasdaq: MGIC) announced a private placement with institutional investors to raise approximately $21.2 million.

Stifel Nicolaus downgraded (NYSE: AXP) American Express saying that proposed debit card transaction fee cuts will hurt revenue.

R. W. Baird analyst David Loeb downgraded Sunstone Hotels (NYSE: SHO).

In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 782.

The markets opened lower with the Dow losing 16 points to 11,475 after Moody's downgraded four Irish banks. Nasdaq slipped 4 points to 2638.

On the upside

Raytheon will pay approximately $490 million to acquire intelligence and surveillance system maker Applied Signal Technology (Nasdaq: APSG).

Robert W. Baird analyst Thomas J. Russo upgraded InterMune (Nasdaq: ITMN) citing a European advisory panel's recommendation to approve the biotechnology company's lung disease treatment Esbriet.

Medtronic (NYSE: MDT) announced that chairman and chief executive William Hawkins will retire on April 29, 2011.

On the downside

On Friday, Moody's placed National Bank of Greece (NYSE: NBG) on review for a possible downgrade.

Moody's downgraded Allied Irish Banks (NYSE: AIB).

Susquehanna downgraded American Eagle Outfitters (NYSE: AEO).

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 8 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 779.

A downgrade of Ireland's credit rating tempered enthusiasm for the passage of the tax cut extensions. It was a mixed close for the markets with the Dow losing 7 points to 11,491 while Nasdaq rose 5 points to 2642.

On the upside

Italian pharmaceutical firm Recordati will pay Nymox Pharmaceutical (Nasdaq: NYMX) $13 million upfront and make milestone payments for the exclusive rights to develop and market Nymox's enlarged prostate treatment NX-1207.

Allegheny Technologies (NYSE: AKS) will provide titanium for the construction of a desalination plant in Saudi Arabia.

Seeking Alpha contributor Jeremy Richards cited recent analysts comments for suggesting that Aeterna Zentaris (NYSE: AEZS) is undervalued.

On the downside

Level 3 Communications (Nasdaq: LVLT) requested that the Federal Communication Commission and the Department of Justice impose conditions for Comcast's (Nasdaq: CMCSA) acquisition of NBC Universal.

The compensation package for Pfizer's (NYSE: PFE) new chief executive Ian Read will total at least $4.29 million.

Cablevision (NYSE: CVC) will spin off its Rainbow Media division in 2011.

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 779.

Investors welcomed passage of tax cut extensions but were concerned that Ireland's credit downgrade will hurt U. S. exports as the dollar gains strength. The markets traded mixed with the Dow slipping 20 points to 11,478 while Nasdaq gained 8 points to 2645.

On the upside

A U. S. district judged dismissed a lawsuit against YRC Worldwide (Nasdaq: YRCW) seeking to overturn concessions made by the Teamsters to YRC.

Take-Two Interactive Software (Nasdaq: TTWO) reversed year ago losses to post a better than expected profit for the fourth quarter.

First quarter earnings climbed for Accenture (NYSE: ACN) to top analyst estimates prompting the management consulting and technology outsourcing services firm to lift its full year guidance.

On the downside

British bank Lloyds (NYSE: LYG) warned of further exposure to its Irish portfolio as Ireland struggles to stabilize its economy.

UBS downgraded Digital Realty Trust (NYSE: DLR) to a Sell rating.

The Justice Department will not intervene in a False Claims Act lawsuit against Gilead Sciences (Nasdaq: GILD) filed by a former employee of CV Therapeutics.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 775.

The markets opened mixed with the Dow losing 23 points to 11,475 while Nasdaq rose 5 points to 2643 after a downgrade of Ireland's credit rating.

On the upside

A European health regulator advisory panel recommended approval for InterMune's (Nasdaq: ITMN) idiopathic pulmonary fibrosis treatment Esbriet.

Oracle (Nasdaq: ORCL) reported higher second quarter earnings that topped analyst estimates as revenue surged.

The Bank of Montreal will pay approximately $4.1 billion in stock to acquire Marshall & Ilsley (NYSE: MI).

On the downside

The Food and Drug Administration requested additional data from AstraZeneca (NYSE: AZN) for its blood thinner Brilinta.

Moody's Investors Service downgraded Ireland's credit rating sending shares of Allied Irish Banks (NYSE: AIB) and The Governor and Company of The Bank of Ireland (NYSE: IRE) lower.

Smart Modular (Nasdaq: SMOD) reported higher first quarter earnings and revenue that beat analyst expectations but the company forecast second quarter results well below estimates.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 773.

Lower Jobless Claims, Higher Close

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Lower jobless claims lifted the markets to a higher close with the Dow climbing 41 points to 11,499. Nasdaq gained 20 points to 2637.

On the upside

Rodman & Renshaw initiated coverage of LJ International (Nasdaq: JADE) with a Market Outperform rating.

Kindred Healthcare (NYSE: KND) said that fourth quarter income will be at the top end of its guidance and forecast fiscal 2011 results ahead of estimates.

Duracell will raise its prices to match Energizer's (NYSE: ENR) to prevent a costly price war.

On the downside

The Federal Reserve proposed a debit card transaction fee cap that would translate into an 80% to 90% cut in fees sending shares of Visa (NYSE: V) and Mastercard (NYSE: MA) plummeting.

Scholastic (Nasdaq: SCHL) reported higher second quarter earnings but the results fell short of estimates and the book publisher lowered its 2011 guidance.

PURE Bioscience (Nasdaq: PURE) widened first quarter losses as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 8 points to 776.


Jobless Claims Fall, Markets Advance

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The markets advanced during the midday with the Dow gaining 54 points to 11,512 as jobless claims dropped. Nasdaq climbed 22 points to 2639.

On the upside

Axcelis Technologies (Nasdaq: ACLS) was selected to provide its Integra ES plasma drip strip system to a leading semiconductor manufacturer.

Winnebago Industries (NYSE: WGO) swung to a third quarter profit that beat analyst expectations by a wide margin.

Standard & Poor's Ratings Service upgraded The McClatchy Co.'s (NYSE: MNI) corporate credit rating.

On the downside

Agnico-Eagle Mines (NYSE: AEM) announced that it will now pay a quarterly dividend of 16 cents per share instead of an annual dividend of 18 cents per share. The gold miner also said that gold production will increase over the next five years but the stock price fell.

Comstock Resources (NYSE: CRK) will spend approximately $522 million for development and exploration in 2011.

First quarter earnings for Actuant (NYSE: ATU) more than doubled as revenue rose but the industrial products manufacturer forecast current quarter results below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 774.

Disappointing earnings tempered news of a drop in initial applications for unemployment benefits. The market opened mixed with the Dow slipping 12 points to 11,445 while Nasdaq rose 4 points to 2621.

On the upside

Certain OCZ Technology Group (Nasdaq: OCZ) shareholders will sell their common stock to institutional and accredited investors.

China MediaExpress (Nasdaq: CCME) announced a new policy to pay a semi-annual dividend of 5% to 10% of the company's profit.

Aeropostale (NYSE: ARO) retained the services of Barclays Capital to provide strategic advice.

On the downside

After reviewing strategic alternatives, Regis (NYSE: RGS) decided not to sell itself. 

The U. S. government filed a lawsuit against BP (NYSE: BP), Andarko Petroleum (NYSE: APC) and Transocean (NYSE: RIG) for violating environmental laws in the Deepwater Horizon oil spill.

Pier 1 Imports (NYSE: PIR) reported lower third quarter earnings despite higher revenue.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 770.

Lower Close Over Strengthening Dollar

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The strengthening dollar sent the markets down to a modestly lower close with the Dow falling 19 points to 11,457. Nasdaq dropped 10 points to 2617.

On the upside

Shares of Allied Irish Banks (NYSE: AIB) rose after the Irish parliament approved the European Union's 85 billion euro bailout package.

In an investors meeting, CIBER (NYSE: CBR) set a double digit revenue growth with gross margins over 30% as one of its long term financial goals.

RBC Capital Markets upgraded Ryder System (NYSE: R) to an Outperform rating.

On the downside

Manitowoc (NYSE: MTW) will sell its Kysor/Warren refrigerated systems unit to Lennox International (NYSE: LII) for approximately $138 million. 

Domtar (NYSE: UFS) extended its agreement to incorporate Hewlett-Packard's (NYSE: HPQ) patented ColorLok Technology to all of the company's branded business papers but the stock price fell.

eBay (Nasdaq: EBAY) purchased mobile software application developer Critical Path Software for an undisclosed sum but the stock price dropped.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 768.

Concerns that the rising value of the dollar will hinder exports weighed the markets down during the midday with the Dow losing 21 points to 11,455. Nasdaq fell 12 points to 2615.

On the upside

Joy Global (Nasdaq: JOYG) reported higher fourth quarter earnings to beat analyst expectations as revenue rose and forecast 2011 income that surpassed estimates.

Rumors that The St. Joe Company (NYSE: JOE) will be acquired lifted shares of the real estate developer.

KEMET (NYSE: KEM) unveiled its new Ceramic Chip Capacitor Array in a smaller case size.

On the downside

DryShips (Nasdaq: DRYS) priced a private placement of common shares in its subsidiary Ocean Rig at $17.50 per share. 

Financial community Trefis suggested that rising Android phone sales have negatively impacted Research in Motion's (Nasdaq: RIMM) Blackberry.

Fewer consumers were delinquent on their credit card payments in November but consumers are also charging less sending shares of Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM) lower as banks collect fewer fees from transactions.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 point to 776.

The nation's factory output increased in November to lift the markets to a higher open with the Dow climbing 36 points to 11,512. Nasdaq gained 13 points to 2641.

On the upside

Novartis (NYSE: NVS) will buy the 23% of Alcon (NYSE: ACL) that it does not already own by paying an increased price of $12.9 billion.

Shares of Cypress Bioscience (Nasdaq: CYPB) continued to rise after accepting Ramius' $6.50 per share cash acquisition offer.

Activist investor Carl Icahn's Icahn Enterprises offered $665 million in cash to purchase Dynegy (NYSE: DYN).

On the downside

While Broadcom (Nasdaq: BRCM) lifted its fourth quarter revenue outlook, the chip maker also warned of sequentially lower margins. 

Invesco Mortgage Capital (NYSE: IVR) priced its offering of 8.7 million common shares at $22.30 per share.

The Macau Times reported that Macau revised its Land Law to require public tenders before land may be granted for casinos sending shares of Las Vegas Sands (NYSE: LVS) lower.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 point to 776.

A gain in November retail sales lifted the markets to a higher close with the Dow rising 47 points to 11,476. Nasdaq added 2 points to 2627.

On the upside

BSD Medical (Nasdaq: BSDM) successfully launched its MicroThermX Microwave Ablation System for treating cancer.

Emergency Medical Services (NYSE: EMS) is exploring strategic options including the possible sale of the ambulance services provider.

Seeking Alpha contributor KLLJ Investments suggested that MannKind's (Nasdaq: MNKD) inhaleable insulin Afrezza has the potential to become a multi-billion dollar product.

On the downside

FuelCell Energy (Nasdaq: FCEL) disappointed with a loss for the fourth quarter as revenue fell. 

Shares of the Governor and Company of The Bank of Ireland (NYSE: IRE) dropped after Ireland empowered the government with extensive authority to restructure banks.

TransGlobe Energy (Nasdaq: TGA) lowered a potential oil reserve area in Egypt after drilling a well that contained water.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 771.

The markets extended its gains during the midday with the Dow gaining 76 points to 11,505 as wholesale prices rose. Nasdaq climbed 10 points to 2635.

On the upside

American International Group's (NYSE: AIG) insurer agreed to pay $90 million to settle a shareholder lawsuit.

Eastman Kodak (NYSE: EK) unveiled its Social Photo Album Creator application for Facebook users to easily create one album using photos from various friends and family members pictures on the social networking site.

Cypress Bioscience (Nasdaq: CYPB) rejected hedge fund Ramius' all cash acquisition offer.

On the downside

Inhibitex (Nasdaq: INHX) reported that its shingles treatment FV-100 demonstrated numerically favorable results but not statistically significant results from a midstage clinical trial. 

Ashford Hospitality Trust (NYSE: AHT) priced its public offering of 7.5 million common shares at $9.65 per share.

Citigroup downgraded Veeco Instruments (Nasdaq: VECO).

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 rose 2 points to 774.

Higher Open As Retail Sales Rise

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A gain in November retail sales lifted the markets to a higher open with the Dow climbing 54 points to 11,483. Nasdaq gained 10 points to 2635.

On the upside

Private investment firm H.I.G. Capital will pay $8 per share in cash to acquire Matrixx Initiatives (Nasdaq: MTXX).

BP (NYSE: BP) will sell most of its assets in the Sindh province of Pakistan and the Arabian Sea for approximately $775 million in cash to United Energy Group.

Unconfirmed reports circulated that Genoptix (Nasdaq: GXDX) secured the services of Barclays to seek potential suitors.

On the downside

Capstone Therapeutics (Nasdaq: CAPS) reported that its AZX100 keloid scarring treatment failed to reduce or prevent scarring in a twelve month Phase 2a clinical trial. 

Best Buy (NYSE: BBY) disappointed with lower third quarter earnings that fell short of analyst expectations prompting the consumer electronics retailer to lower its fiscall 2011 guidance.

International Coal Group (NYSE: ICO) priced its secondary offering of approximately 34.7 million common shares.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 both on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 773.

The markets closed mixed with the Dow rising 18 points to 11,428 as Senators continued negotiating details of the tax cut extension package. Nasdaq fell 12 points to 2624.

On the upside

RPC (NYSE: RES) commenced a 3-for-2 stock split.

Edwards Lifesciences (NYSE: EW) forecast strong double digit sales growth in 2011.

Israeli newspaper Calcalist reported that four investment funds have submitted acquisition offers to Ness Technologies (Nasdaq: NSTC).

On the downside

A weekend Barron's article said that American Superconductor (Nasdaq: AMSC) was overvalued. 

Cloud Peak Energy (NYSE: CLD) announced a secondary public offering of 25.6 million common shares.

Shares of Sky-Mobi (Nasdaq: MOBI) continued falling after a disappointing initial public offering on Friday.

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 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 772.

Merger and acquisition activity lifted the markets higher during the midday with the Dow gaining 46 points to 11,456. Nasdaq edged up a fraction to 2637.

On the upside

Magic Software Enterprises (Nasdaq: MGIC) will expand its presence in South Africa through the acquisition of South African distributor Magix Integration.

Rare earth oxide producer Molycorp (NYSE: MCP) secured the final permits it needed to begin construction of a state of the art rare earth manufacturing plant in Mountain Pass, California.

Forest Oil (NYSE: FST) subsidiary Lone Pine Resources will take over management of Forest Oil's Canadian unit Canadian Forest Oil.

On the downside

Cytokinetics (Nasdaq: CYTK) reported positive results from a midstage clinical trial of its Lou Gehrig's disease drug candidate CK-2017357 but the stock price fell. 

Nektar Therapeutics (Nasdaq: NKTR) will not seek partners to develop its cancer treatment NKTR-102. Analysts questioned the financial risk involved.

RBC Capital Markets downgraded Western Refining (NYSE: WNR) to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 777.

Optimism that the Senate will pass the tax cut extensions lifted the markets to a higher open with the Dow rising 27 points to 11,437. Nasdaq added 3 points to 2641.

On the upside

An outpatient diagnostic services provider that uses FONAR's (NYSE: FONR) UPRIGHT Multi-Position MRI scanner and several Stand-Up MRI diagnostic imaging professional corporations won an antitrust lawsuit against radiology benefits management company CareCore National.

Thermo Fisher Scientific (NYSE: TMO) will pay approximately $2.1 billion to acquire analytic instrumentation systems maker Dionex (Nasdaq: DNEX).

Shares of FuelCell Energy (Nasdaq: FCEL) rose ahead of its earnings release after market close.

On the downside

Huntington Bancshares (Nasdaq: HBAN) announced a public offering of $920 million in common shares and will offer $300 million in subordinated debt. 

Dell (Nasdaq: DELL) will pay approximately $960 million to acquire Compellent Technologies (NYSE: CML). The price tag values Compellent at a discounted $27.75 from Friday's closing.of $28.71.

Financial reporter Herb Greenberg raised concerns about Youku's (NYSE: YOKU) high valuation amidst significant losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 779.

A narrowing of the nation's trade deficit lifted the markets to a higher close with the Dow gaining 40 points to 11,410. Nasdaq climbed 20 points to 2637.

On the upside

Express (NYSE: EXPR) priced its secondary public offering of 12.5 million common shares at $15.50 per share.

IDT (NYSE: IDT) reversed year ago losses to post a profit for the first quarter as revenue rose.

Shares of Local.com (Nasdaq: LOCM) and SuperMedia (Nasdaq: SPMD) both surged in hopes that Google (Nasdaq: GOOG) may acquire one of them after Groupon rejected Google's $6 billion offer.

On the downside

China Shengda Packaging Group (Nasdaq: CPGI) priced its public offering of approximately 8 million common shares at a discounted $4.00 per share. 

Shares of Chinese mobile application store Sky-mobi (Nasdaq: MOBI) plunged on its first trading day.

L&L Energy (Nasdaq: LLEN) reported higher second quarter earnings but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 9 points to 776.

Trade Deficit Narrows, Markets Rise

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The nation's trade deficit fell to a nine month low in October to lift the market higher during the midday with the Dow rising 27 points to 11,397. Nasdaq gained 18 points to 2635.

On the upside

Ramius raised its buyout offer for Cypress Bioscience (Nasdaq: CYPB) to $5.50 per share from $4.25 per share.

Dice Holdings (NYSE: DHX) priced its public offering of 12 million common shares at $10.75 per share.

Jackson Hewitt Tax Service (NYSE: JTX) announced that it will be able to fund 80% of its refund application loan program in 2011.

On the downside

Rumors that Great Atlantic & Pacific Tea (NYSE: GAP) may file for bankruptcy protection sent shares of the supermarket chain tumbling. 

Borders Group (NYSE: BGP) widened third quarter losses as sales plunged.

Allied Irish Banks (NYSE: AIB), which received a bailout of $3.5 billion euros, will pay 40 million euros in bonuses.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 775.


Optimism that Congress will pass a compromise tax plan lifted the markets to a modestly higher open with the Dow adding a point to 11,371. Nasdaq rose 3 points to 2619.

On the upside

Tenet Healthcare (NYSE: THC) received a $7.3 billion cash and stock acquisition offer from Community Health Systems.

Beckman Coulter (NYSE: BEC) retained the services of Goldman Sachs to explore strategic options to increase shareholder value including the possible sale of the company.

The underwriters of Youku.com's (NYSE: YOKU) initial public offering purchased approximately 2.3 million additional American depositary shares by exercising their over-allotment option.

On the downside

Fourth quarter earning rose for Green Mountain Coffee Roasters (Nasdaq: GMCR) to top analyst estimates but the company forecast disappointing first quarter income and lowered its fiscal 2011 guidance. 

Aastrom Biosciences (Nasdaq: ASTM) priced its public offering of 10 million units at $2.25 per unit.

While National Semiconductor (NYSE: NSM) reported higher third quarter earnings, the company warned of lower fourth quarter results.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 767.

The markets closed flat with the Dow slipping 2 points to 11,370 as House Democrats rejected the tax extension plan in its current form. Nasdaq rose 7 points to 2616.

On the upside

CyberDefender (Nasdaq: CYDE) will file amended financial reports and expects to regain Nasdaq compliance by December 31, 2010.

OCZ Technology Group (Nasdaq: OCZ) received a mass production quantity order for its Deneva Series MLC based enterprise storage solution.

American International Group (NYSE: AIG) finalized an agreement to repay the government bailout it received to avoid a bankruptcy many feared would lead to a global financial collapse.

On the downside

Martek Biosciences (Nasdaq: MATK) blamed higher expenses and a significant restructuring charge for swinging to a fourth quarter loss. 

Air Products and Chemicals (NYSE: APD) submitted its final offer of $70 per share for Airgas (NYSE: ARG) but the bid was well below the price tag Airgas was seeking.

Oxford Industries (NYSE: OXM) reported higher third quarter earnings but the company forecast disappointing fourth quarter results.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 767.

Markets Mixed At Midday

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The markets traded mixed during the midday with the Dow losing 30 points to 11,341 even as jobless claims dropped. Nasdaq added 2 points to 2612.

On the upside

Shares of LED chips and components maker SemiLEDS (Nasdaq: LEDS) surged on its first trading day.

First Republic Bank (NYSE: FRC) stock nearly doubled in its initial public offering.

Dean Foods (NYSE: DF) will offer up to $400 millin in senior notes to qualified institutional investors.

On the downside

Shares of Chinese film distributor Bona Film Group (Nasdaq: BONA) tumbled on its first day of trading on Nasdaq. 

Despite a nearly 21% surge in November car sales in India, sales of Tata Motors' (NYSE: TTM) tumbled prompting the car maker to offer a four year warranty on the world's cheapest car.

ShengdaTech (Nasdaq: SDTH) will sell $90 million in senior convertible notes through a private offering.

In the broad market, declining issues outpaced advancers by a margin of nearly 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 point to 765.

Jobless claims fell last week but the markets opened mixed with the Dow slipping 4 points to 11,368 over concerns that Congress may not pass the tax cut extensions. Nasdaq rose 4 points to 2613.

On the upside

Cien (Nasdaq: CIEN) widened fourth quarter losses but the communications networking company forecast first quarter revenue ahead of analyst estimates.

Shock jock Howard Stern signed a new five-year contract with Sirius XM Radio (Nasdaq: SIRI) that includes distribution to mobile devices.

Third quarter earnings surged for Lululemon Athletica (Nasdaq: LULU) to surpass analyst expectations by a wide margin and forecast fourth quarter results ahead of estimates.

On the downside

American Capital Agency (Nasdaq: AGNC) announced the sale of 8 million common shares to Citi and Deutsche Bank. 

Dell (Nasdaq: DELL) announced a tentative deal to pay a discounted price of $27.50 per share for data storage provider Compellent Technologies (NYSE: CML).

SAIC (NYSE: SAI) reported higher third quarter earnings but revenue fell short of expectations and the company lowered its outlook for the full year.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by a margin of 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 765.

The markets closed modestly higher with the Dow adding 13 points to 11,372 as deficit fears eased. Nasdaq climbed 10 points to 2609.

On the upside

Wunderlich Securities analyst Theodore O'Neill said that GT Solar's (Nasdaq: SOLR) valuation makes it a prime acquisition target.

Second quarter earnings for Korn/Ferry International (NYSE: KFY) surged to beat analyst expectations by a wide margin and the executive search firm forecast third quarter results ahead of estimates.

Omnicare (NYSE: OCR) declared a quarterly dividend of $0.0325 per common share payable on December 30, 2010 to shareholders of record December 20, 2010.

On the downside

Men's Wearhouse (NYSE: MW) reported higher third quarter earnings as revenue rose but the clothing retailer forecast fourth quarter results that fell short of analyst expectations. 

Green Dot (NYSE: GDOT) priced its public offering of approximately 4.2 million common shares at $61.00 per share.

W&T Offshore (NYSE: WTI) announced that its acquisition of assets from Shell Offshore will no longer include the Marlin and Dorado Fields. BP Exploration & Production exercised its preferential rights to purchase the Marlin and Dorado Fields.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 764.

The markets traded flat during the midday with the Dow slipping 6 points to 11,352 as concerns of a deepening budget deficit tempered enthusiasm over the tax cut extension. as Nasdaq gained 5 points to 2603.

On the upside

TASER International (Nasdaq: TASR) received five follow-on orders of its TASER X26 electronic control devices.

Jaguar incorporated Gentex's (Nasdaq: GNTX) SmartBeam three mirror automatic dimming system into the new Jaguar XJ.

Mortgage Guaranty Insurance (NYSE: MTG) wrote $1.4 billin in new insurance in November.

On the downside

A jury in a product liability case reached a verdict against Cybex International (Nasdaq: CYBI) and awarded $66 million to the plaintiff. Cybex will appeal the decision. 

Ivanhoe Mines (NYSE: IVN) will raise capital to finance the construction of the Oyu Tolgoi copper-gold complex in Mongolia through the sale of stock and warrants to mining and exploration company Rio Tinto.

H&R Block (NYSE: HRB) narrowed second quarter losses but revenue fell to miss expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE while advancers edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 765.

Investors welcomed the extension of tax cuts to further the economic recovery but raised concerns that the cuts will deepen the budget deficit. The markets opened mixed with the Dow losing 16 points to 11,342 while Nasdaq rose 3 points to 2601.

On the upside

A Food and Drug Admininstration advisory panel recommended approval for Orexigen Therapeutics' (Nasdaq: OREX) weight loss treatment Contrave. The news lifted shares of Arena Pharmaceuticals (Nasdaq: ARNA) and Vivus (Nasdaq: VVUS), whose Lorcaserin and Qnexa diet drugs were rejected a few months ago.

Lincoln National (NYSE: LNC) chief executive will present at the Goldman Sachs U. S. Financial Services Conference today.

MicroVision (Nasdaq: MVIS) partnered with Pioneer to develop, manufacture and distribute in-vehicle head-up displays using MicroVision PicoP laser display technology.

On the downside

JetBlue (Nasdaq: JBLU) cut its fourth quarter revenue guidance. 

KKR Financial Holdings (NYSE: KFN) will sell 18 million common shares through a public offering.

Stillwater Mining (NYSE: SWC) priced its secondary offering of 37 million common shares at $19.50 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 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 764.


It was a flat close for the markets with the Dow easing 3 points to 11,359 despite an extension of tax cuts as analysts predict a surge in crude oil prices next year. Nasdaq added 3 points to 2598.

On the upside

Zix (Nasdaq: ZIXI) chairman and chief executive Rick Spurr will present at the Small Cap Ideas Conference on December 16, 2010 hosted by First Midwest Securities.

MoneyGram International (NYSE: MGI) launched its international money transfer service at 8,000 State Savings Bank of Russian Federation branches.

RealPage (Nasdaq: RP) will net approximately $97.7 million from a stock offering.

On the downside

Milberg LLP and Sarraf Gentile LLP both filed class action lawsuits against China Education Alliance (NYSE: CEU) alleging securities fraud. 

SWS Group (NYSE: SWS) will offer $95 million in convertible senior notes.

US Airways (NYSE: LCC) fell to fourth place and lost its number one ranking in the Department of Transportation's October Air Travel Consumer Report measuring consumer satisfaction.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 764.

An extension of tax cuts and unemployment benefits lifted the markets higher during the midday with the Dow rising 55 to 11,418. Nasdaq gained 17 points to 2612.

On the upside

AGL Resources will pay approximately $2.38 billion in cash and stock to acquire Nicor (NYSE: GAS).

Dealmap, a source for sharing and finding local deals, announced a new DealExchange partnership with media advertising and print directory company SuperMedia (Nasdaq: SPMD).

Third quarter earnings for Pep Boys (NYSE: PBY) more than doubled to beat analyst expectations.

On the downside

Wintrust Financial (Nasdaq: WTFC) priced its offering of approximately 3.2 million common shares at $30.00 per share and 4 million tangible equity units at $50.00 per unit. 

Qiao Xing Universal Resources (Nasdaq: XING) reversed year ago losses to post a profit for the third quarter but revenue dropped.

Avago Technologies (Nasdaq: AVGO) announced an offering of 25 million shares by eight different shareholders.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 765

Tax Cut Extensions Lift Markets

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Tax cut extensions lifted the markets to a higher open with the Dow gaining 54 to 11,417 while Nasdaq rose 12 points to 2607.

On the upside

Ireland will entice investors to purchase loans from Governor and Company of the Bank of Ireland (NYSE: IRE) and Allied Irish Banks (NYSE: AIB) by sharing up to 2 billion euros in future bank loan losses.

Spectrum Pharmaceuticals (NYSE: SPPI) reported positive results from a midstage clinical trial of its follicular lymphoma treatment Zevalin.

Onyx Pharmaceuticals' (NYSE: MCP) multiple myeloma treatment carfilzomib reduced cancer tumors in one third of the patients enrolled in a midstage clinical trial.

On the downside

Talbots (NYSE: TLB) reported higher third quarter earnings that topped analyst estimates but the women's apparel retailer forecast fourth quarter results below expectations and lowered its full year guidance. 

Geron (Nasdaq: GERN) priced its offering of more than 17 million common shares at $5.00 per share.

Abiomed (Nasdaq: ABMD) followed the recommendation of the Data Safety Monitoring Board and ended a midstage clinical trial of the company's Impella Cardiac Assist Device system.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 765.

It was a mixed close for the markets with the Dow slipping 19 to 11,362 as investors await Congressional action on tax cuts. Nasdaq rose 3 points to 2594.

On the upside

Credit Suisse upgraded Teradyne (NYSE: TER). 

Suntech Power (NYSE: STP) forecast 2010 and 2011 full year results ahead of analyst expectations.

The Nikkei English News reported that Sumitomo may be interested in purchasing a stake in rare earth metals company Molycorp (NYSE: MCP).

On the downside

Several long-term use studies of Celgene's (Nasdaq: CELG) blood cancer treatment Revlimid indicated a higher incidence of secondary cancers in patients. 

Activision Blizzard (Nasdaq: ATVI) will release an updated and expanded World of Warcraft: Cataclysm tomorrow. Analysts are undecided whether players will embrace the updates.

Securities analyst Glenn Schorr suggested that Bank of America (NYSE: BAC) may be downgraded.

In the broad market, declining issues barely edged out advancers by a slim margin of on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 760.

The markets traded flat during the midday with the Dow easing a fraction to 11,381 as European finance ministers discussed currency stabilization measures. Nasdaq added a point to 2592.

On the upside

Borders Group's (NYSE: BGP) largest shareholder Pershing Square Capital, which is managed by activist investor William A. Ackman, offered to finance an all cash $960 million acquisition offer for Barnes & Noble (NYSE: BKS). 

Sprint (NYSE: S) will begin phasing out its Nextel unit in 2013, which has been losing subscribers since 2005.

Stifel Nicolaus analyst Amir Arif upgraded Sandridge Energy (NYSE: SD) to a Buy rating saying that asset sales will increase cash.

On the downside

Silvercorp Metals (NYSE: SVM) announced the sale of 8 million common shares through a bought deal agreement. 

The law offices of Robbins Umeda LLP launched an investigation into possible breach of fiduciary responsibilities by Lender Processing Servics (NYSE: LPS).

Mecox Lane (Nasdaq: MCOX) said that it has not been served with any class action complaints and asserted that any complaints are without merit.

In the broad market, declining issues outpaced advancers by a margin of 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 added 3 points to 759.

The markets opened flat with the Dow slipping 5 points to 11,376 as investors await possible action by the European Union to increase bailout funds to prevent a deepening debt crisis. Nasdaq edged up a fraction to 2591.

On the upside

Verigy (Nasdaq: VRGY) received an unsolicited acquisition offer from Advantest (NYSE: ATE). 

Columbia Laboratories (Nasdaq: CBRX) and Watson Pharmaceuticals (NYSE: WPI) reported upbeat results from their Prochieve gel to reduce preterm birth.

Israeli newspaper the Calcalist reported that Riverbed Technology (Nasdaq: RVBD) offered $47 per share for Radware (Nasdaq: RDWR).

On the downside

Celgene International (Nasdaq: CELG) reported that an investigational study demonstrated that its Revlimid plus low dose dexamethasone was more effective in treating newly diagnosed multiple myeloma patients than Revlimid plus high dose dexamethasone. 

Dollar General (NYSE: DG) reported higher third quarter earnings that beat analyst expectations and lifted its full year outlook but the stock price fell as investors locked in profits. Shares of the discount retailer rose on Friday in anticipation of upbeat earnings.

Investors locked in profits on Cyclacel Pharmaceuticals (Nasdaq: CYCC), which reported upbeat results for myelodysplastic syndromes treatment sapacitabine on Saturday.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 756.


Easing European debt concerns lifted the markets to a modestly higher close with the Dow rising 19 points to 11,382. Nasdaq gained 12 points to 2591.

On the upside

Speculation that SuperMedia (Nasdaq: SPMD) may be acquired lifted shares of the small business media advertising company. 

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

Reports that Congress may legalize and tax some forms of Internet gambling lifted shares of Boyd Gaming (NYSE: BYD).

On the downside

Seeking Alpha contributor Miriam Metzinger wrote that investors should avoid teen retailer Pacific Sunwear (Nasdaq: PSUN). 

Sirius XM Radio (Nasdaq: SIRI) announced the successful placement of its XM-5 satellite in orbit but the stock price fell.

A compressor tripped at Exxon Mobil's (NYSE: XOM) Baytown, Texas refinery sparking some flaring.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 756.

The markets traded mixed during the midday with the Dow slipping 18 points to 11,343 as the nation's unemployment rate posted an surprise gain. Nasdaq rose 5 points to 2585.

On the upside

Speculation that Microvision (Nasdaq: MVIS) technology may be incorporated into Apple's (Nasdaq: AAPL) iPhone 5 lifted shares of the miniature display and imaging company. 

Gentex (Nasdaq: GNTX) declared a quarterly dividend of $0.11 cents per share payable on January 21, 2011 to shareholders of record January 6, 2011.

VeriFone Systems (NYSE: PAY) reversed year ago losses to post a better than expected profit for the fourth quarter as revenue climbed.

On the downside

Morgan Stanley downgraded Chipotle Mexican Grill (NYSE: CMG). 

Vector Group (NYSE: VGR) completed its private placement of $90 million in senior secured notes.

Royal Bank of Canada (NYSE: RY) disappointed with lower fourth quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 752.

An unexpected jump in the nation's unemployment rate weighed the markets down to a lower open with the Dow losing 22 points to 11,339. Nasdaq slipped 3 points to 2576.

On the upside

Dryships (Nasdaq: DRYS) raised approximately $350 million through an ATM Equity Offering and announced that subsidiary Ocean Rig will raise approximately $500 million through a private placement offering. 

Alcatel-Lucent (NYSE: ALU) will integrate its mobile payment solution with CASSIS International's Trusted Service Manager to offer a secure mobile application allowing customers to use their mobile phones as wallets.

Power-One (Nasdaq: PWER) introduced its new 250kW and 500kW utility grade central inverters for the Asian markets.

On the downside

The Food and Drug Administration said that Orexigen Therapeutics' (Nasdaq: OREX) weight loss pill Contrave failed to meet all of the regulatory agency's guidelines. 

Third quarter earnings for Big Lots (NYSE: BIG) tumbled to fall short of expectations.

Teekay Offshore Partners (NYSE: TOO) priced its follow-on offering of 5.6 million common units at $27.84 per unit.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 750.

A surprising gain in October pending home sales along with strong November retail sales lifted the markets to a sharply higher close with the Dow soaring 106 points to 11,362. Nasdaq jumped 29 points to 2579.

On the upside

Payless ShoeSource parent Collective Brands (NYSE: PSS) impressed with sharply higher third quarter earnings that beat analyst expectations by a wide margin. 

Goldman Sachs upgraded the financial sector lifting shares of regional bank Marshall & Ilsley (NYSE: MI).

Conn's (Nasdaq: CONN) narrowed third quarter losses more than expected as expenses fell.

On the downside

Gildan Activewear (NYSE: GIL) reported higher fourth quarter earnings that topped estimates but the stock price fell as investors locked in profits. The stock price rose this week in anticipation of the company's earnings release. 

Third quarter earnings for Jo-Ann Stores (NYSE: JAS) rose to surpass analyst expectations but the company forecast full year results below estimates.

Concerns that intense price wars among supermarkets will hurt margins sent shares of Safeway (NYSE: SWY) lower.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 751.

The markets extended its gains during the midday with the Dow gaining 89 points to 11,345 on strong November retail sales. Nasdaq climbed 22 points to 2571.

On the upside

Finisar (Nasdaq: FNSR) reversed year ago losses to post a better than expected profit for the second quarter and forecast third quarter results ahead of estimates prompting an upgrade. 

Krispy Kreme Doughnuts (NYSE: KKD) swung to a better than expected profit for the third quarter as revenue rose.

A surge in pending home sales lifted shares of Hovnanian Enterprises (NYSE: HOV) and Lennar (NYSE: LEN).

On the downside

UTi Worldwide (Nasdaq: UTIW) reported higher third quarter earnings that topped estimates but revenue fell short of expectations. 

Investors locked in profits on Las Vegas Sands (NYSE: LVS), which soared yesterday on news of a 42% jump in November gaming revenue in Macau.

Goldman Sachs analyst Mark Wienkes expects orders to slowdown for Itron (Nasdaq: ITRI).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 748.

A jump in October pending home sales lifted the markets to a higher open with the Dow climbing 83 points to 11,339. Nasdaq gained 16 points to 2565.

On the upside

Verizon (NYSE: VZ) will launch its 4G network this weekend in 38 cities around the country but it will only be available on laptops and though the cost will be less that its 3G plans, it will still be more expensive than plans from Clearwire (Nasdaq: CLWR) and Sprint (NYSE: S), which both have 4G networks for smartphones. 

Same store sales surged 22% for Abercrombie & Fitch (NYSE: ANF).

Pepsico (NYSE: PEP) will pay approximately $3.8 billion to acquire a 66% stake in Wimm-Bill-Dann Foods (NYSE: WBD).

On the downside

Aeropostale (NYSE: ARO) disappointed with earnings and revenue that fell short of estimates and announced the resignation of co-chief executive Mindy C. Meads. 

Kroger (NYSE: KR) swung to a profit for the third quarter but investors were disappointed with the grocery store chain's full year guidance.

American Eagle Outfitters (NYSE: AEO) disappointed with flat November same store sales.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4points to 747.

Markets Surge Over Strong Job Growth

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Strong job growth lifted the markets to a sharply high close with the Dow leaping 249 points to 11,255. Nasdaq soared 51 points to 2549.

On the upside

Mercer Insurance Group (Nasdaq: MIGP) will be acquired by United Fire & Casualty for approximately $191 million in cash. 

BioScrip (Nasdaq: BIOS) named former Omnicare executive David W. Froesel, Jr. to the position of Executive Vice President, Chief Financial Officer and Treasurer.

Motorola (NYSE: MOT) subsidiary Motorola Mobility will acquire 4Home, a software and services platform firm that connects home services through its ControlPoint solution.

On the downside

Shares of Mecox (Nasdaq: MCOX) continued falling after reporting lower sales at its company run stores yesterday. 

Novatel Wireless (Nasdaq: NVTL) coompleted its acquisition of privately held asset management solution firm Enfora.

Universal Technical Institute (NYSE: UTI) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast 2011 results below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 16 points to 743.


The largest private sector employment gain in three years sent the markets soaring during the midday with the Dow jumping 246 points to 11,252. Nasdaq surged 53 points to 2551.

On the upside

Linktone (Nasdaq: LTON) reported lower third quarter earnings but revenue rose. 

BPZ Resources (NYSE: BPZ) announced that its CX-11 Corvina platform in Peru will begin commercial production.

The U. S. Chamber of Commerce awarded Navistar International (NYSE: NAV) its 2010 U. S. Community Service Award.

On the downside

While Sycamore Networks (Nasdaq: SCMR) narrowed first quarter losses, the result missed expectations by a wide margin prompting a downgrade. 

Seeking Alpha contributor Ben Axler questioned China Integrated Energy's (Nasdaq: CBEH) overly rosy financial reports for its biodiesel business.

Ixia (Nasdaq: XXIA) will offer $125 million in convertible senior notes.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 16 points to 743.

Expansion of the manufacturing sector lifted the markets to a sharply higher open with the Dow surging 185 points to 11,191. Nasdaq jumped 45 points to 2543.

On the upside

Specialty pharmaceutical firm Eurand (Nasdaq: EURX) agreed to be acquired by Axcan Holdings in an all cash deal valued at approximately $583 million. 

Second quarter earnings for OmniVision Technologies (NYSE: OVTI) more than tripled to top analyst estimates.

GT Solar International (Nasdaq: SOLR) its first two orders for its sapphire crystallization systems worth more than $84 million.

On the downside

A-Power Energy Generation Systems (Nasdaq: APWR) widened third quarter losses as revenue plunged. 

Charming Shoppes (Nasdaq: CHRS) reported a loss for the third quarter.

Jos. A. Bank Clothiers (Nasdaq: JOSB) reported higher third quarter earnings but the results missed analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 741.

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