March 2011 Archives

The markets closed mixed with the Dow losing 30 points to 12,319 as the ongoing conflict in Libya sent oil prices soaring. Nasdaq added 4 points to 2781.

On the upside

United Community Banks (Nasdaq: UCBI) completed its capital raise of $380 million.

Inhibitex (Nasdaq: INHX) reported upbeat results from a Phase1b clinical trial of its INX-189 to treat chronic infections caused by hepatitis C.

Northrop Grumman (NYSE: NOC) completed the spin-off of subsidiary Huntington Ingalls Industries (NYSE: HII).

On the downside

Meritor (NYSE: MTOR) blamed rising steel prices for cutting its second quarter earnings outlook.

The compensation package for Eastman Kodak (NYSE: EK) chief executive Antonio Perez plunged 66% on 2010.

CarMax (NYSE: KMX) reported higher fourth quarter earnings and revenue but same store sales fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 843.


Despite rising crude oil prices, the markets traded in positive territory during the midday with the Dow adding 12 points to 12,362 as jobless claims dropped last week. Nasdaq edged up a point to 2778.

On the upside

Luna Innovations (Nasdaq: LUNA) extended its agreement to supply Intuitive Surgical (Nasdaq: ISRG) with Luna's shape sensing technology.

Economic Daily News reported that AU Optronics (NYSE: AUO) will supply Apple (Nasdaq: AAPL) with flat panel screens for the iPad 2.

A 4.5% increase in corn acreage this year lifted shares of fertilizer firm CF Industries (NYSE: CF).

On the downside

Multiband (Nasdaq: MBND) reported sharply higher fourth quarter earnings as revenue rose but the stock price tumbled.

General Maritime (NYSE: GMR) priced its public offering of 23 million common shares at $2.00 per share.

Investors locked in profits on Qihoo 360 Technology (NYSE: QIHU), whose shares surged yesterday in its market debut.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 840.

The markets opened mixed with the Dow rising 20 points to 12,370 while Nasdaq eased a fraction to 2776. Initial applications for unemployment benefits fell less than expected.

On the upside

China Energy invested $83.8 million in Synthesis Energy Systems (Nasdaq: SYMX).

Morgan Stanley upgraded Tesla Motors (Nasdaq: TSLA) to an Overweight rating with a price target of $70.

The Alzheimer's Drug Discovery Foundation will invest $700,000 in Prana Biotechnology (Nasdaq: PRAN) to conduct a Phase II clinical trial of PBT2 in the treatment of Alzheimer's Disease.

On the downside

Horizon Lines (NYSE: HRZ) denied reports that it was selling its assets but did say that it was exploring creative options to restructure finances.

Kahn Swick & Foti and Bernstein Liebhard both launched investigations into Advanced Battery Technologies (Nasdaq: ABAT) for misleading investors.

The Hong Kong Securities and Futures Commission is investigating Las Vegas Sands' (NYSE: LVS) Macau unit for possible regulatory breaches.

In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 838.

Private sector employers created 201,000 jobs in March to lift the markets to a higher close with the Dow gaining 71 points to 12,350. Nasdaq climbed 19 points to 2776.

On the upside

InterDigital (Nasdaq: IDCC) priced its private offering of $200 million in senior convertible notes.

President Obama's plan to lower foreign oil imports sparked speculation that the federal government will support natural gas vehicles lifting shares of natural gas engine company Westport Innovations (Nasdaq: WPRT).

Fourth quarter earnings surged for Oxford Industries (NYSE: OXM) and apparel company forecast fiscal 2011 results ahead of estimates.

On the downside

Shares of Horizon Lines (NYSE: HRZ) continued falling over bankruptcy concerns.

Universal Travel Group (NYSE: UTA) delayed release of its 2010 earnings report.

Bank of Ireland (NYSE: IRE) stock will be suspended from trading tomorrow to prevent panic selling when stress test results are released.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 840.

Easing Oil Prices Lift Markets

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Easing crude oil prices lifted the markets to a higher during the midday with the Dow climbing 87 points to 12,366. Nasdaq gained 20 points to 2777.

On the upside

Sterling Global Holdings offered to acquire American Airlines parent AMR (NYSE: AMR) for more than $3 billion.

Citigroup added BlackRock (NYSE: BLK) to its Top Picks Live list.

The U. S. Patent and Trademark Office issued a patent to Somaxon Pharmaceuticals (Nasdaq: SOMX) related to the food effects on the company's low-dose sleep medication Silenor.

On the downside

Shares of homebuilder Lennar (NYSE: LEN) continued falling despite posting a profit yesterday as investors focused on a drop in new home orders.

The Food and Drug Administration will not exercise enforcement against pharmacies that compound K-V Pharmaceuticals' (NYSE: KVA) pre-term birth drug Makena.

Iridium Communications (Nasdaq: IRDM) announced a secondary offering of more than 4 million common shares at $8.15 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 837.

Upbeat job creation numbers lifted the markets to a higher open with the Dow gaining 57 points to 12,336. Nasdaq added 9 points to 2766.

On the upside

Valeant (NYSE: VRX) made an unsolicited $73 per share bid for Cephalon (Nasdaq: CEPH).

The U. S. Patent and Trademark Office issued three patents to Netlist (Nasdaq: NLST) for hypercloud memory innovations.

Shares of Visa (NYSE: V) rose after Federal Reserve chairman Ben Bernanke said that the Federal Reserve will not be able to issue a final ruling on debit card fees by the April 21 deadline.

On the downside

Acxiom (Nasdaq: ACXM) president and chief executive officer John Meyer resigned effective Monday March 28 and chief financial officer Christopher W. Wolf will resign in the second quarter of the calendar year.

Seeking Alpha contributor Variant View Research said that Advanced Battery Technologies (Nasdaq: ABAT) transferred ownership of subsidiary Heilongjiang ZhongQiang Power-Tech to chairman Fu Zhiguo and reports unrealistic margins.

ValueVision Media (Nasdaq: VVTV) priced its public offering of 8.25 million common shares at $6.25 per share.

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 rose 4 points to 833.

The markets closed higher with the Dow climbing 81 points to 12,279 even as oil prices climbed over concerns of political unrest in the Middle East. Nasdaq gained 26 points to 2756.

On the upside

Active Power (Nasdaq: ACPW) will offer a lifetime warranty for all of the company's CleanSource Uninterrupted Power Supply products purchased beginning April 1, 2011.

Seeking Alpha contributor Engineer Broker wrote that Molycorp (NYSE: MCP) may increase production by as much as 33% in 2011.

German business newspaper Handelsblatt reported that Bertelsmann AG and KKR & Co. will make an offer to purchase Warner Music Group (NYSE: WMG).

On the downside

A123 Systems (Nasdaq: AONE) lowered its first quarter revenue guidance saying that one of their Japanese suppliers has suspended operations in the aftermath of the devastating earthquake and tsunami.

Investors locked in profits on Eastman Kodak (NYSE: EK), whose shares surged the last two days after the International Trade Commission agreed to review a patent suit the company filed against Apple (Nasdaq: AAPL) and Research In Motion (Nasdaq: RIMM).

Altair Nanotechnologies (Nasdaq: ALTI) will sell common stock and warrants to institutional investors to raise approximately $6.4 million.

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 climbed 7 points to 829.

Despite a greater than expected drop in consumer confidence last month, the markets traded higher during the midday with the Dow gaining 57 points to 12,255. Nasdaq climbed 19 points to 2750.

On the upside

Brean Murray initiated coverage of Gulf Resources (Nasdaq: GFRE) with a Buy rating.

The U. S. Patent and Trademark office granted a composition-of-matter patnet to Zalicus (Nasdaq: ZLCS) for its rheumatoid arthritis treatment Synavive.

Philips-Van Heusen (NYSE: PVH) reported higher fourth quarter earnings that beat analyst expectations as revenue surged and the company forecast current quarter results ahead of estimates.

On the downside

FelCor Lodging Trust (NYSE: FCH) priced its public offering of 24 million common shares at $6.00 per share.

Anadigics (Nasdaq: ANAD) president and chief executive Mario Rivas and senior vice president Greg White both resigned.

Apollo Group (NYSE: APOL) blamed significant charges for swinging to a loss for the second quarter.

In the broad market, advancing issues outpaced decliners 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 gained 5 points to 826.

Higher Open As Oil Prices Slip

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The markets opened higher with the Dow rising 29 points to 12,227 as crude oil prices continued to slip. Nasdaq gained 12 points to 2743.

On the upside

Shares of RadioShack (NYSE: RSH) continued rising as the company begins selling Apple's (Nasdaq: AAPL) iPad 2 today.

TranSwitch (Nasdaq: TXCC) introduced yesterday the world's first family of integrated circuits that support HDMI and DisplayPort standards.

Hedge fund SAC Capital acquired a 4.8% stake in AK Steel (NYSE: AKS).

On the downside

CreXus Investment (NYSE: CXS) rejected an unsolicited acquisition offer from Starwood Property Trust and will proceed with an offering of 50 million common shares to raise approximately $575 million.

The three largest shareholders of Hertz Global (NYSE: HTZ) will sell 50 million shares of common stock.

Energy Transfer Partners (NYSE: ETP) priced its offering of approximately 12.35 million common units at $50.52 per unit.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 825.


The markets retreated in late afternoon trading to close lower with the Dow losing 22 points to 12,197 as gas prices continued to climb despite lower crude oil prices. Nasdaq fell 12 points to 2730.

On the upside

Goldman Sachs analyst Tim Boddy upgraded Nokia (NYSE: NOK) to a Buy rating with a $12.40 price target.

RadioShack (NYSE: RSH) will sell the Apple (Nasdaq: AAPL) iPad 2 beginning tomorrow.

Wells Fargo upgraded Parker Drilling (NYSE: PKD) to an Outperform rating.

On the downside

Investors locked in profits on Bristol-Myers (NYSE: BMY), whose shares rose on Friday after the Food and Drug Administration approved the biopharmaceutical's melanoma treatment Yervoy.

Wells Fargo (NYSE: WFC) will no longer offer their debit card rewards program to new customers and may eliminate the program for all customers.

Concerns that online gambling may be legalized weighed down shares of Las Vegas Sands (NYSE: LVS).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 821.

Markets Rise As Oil Prices Retreat

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The markets traded higher during the midday with the Dow rising 26 points to 12,247 as oil prices retreated. Nasdaq added 2 points to 2745.

On the upside

eBay (Nasdaq: EBAY) will pay approximately $2.4 billion to acquire GSI Commerce (Nasdaq: GSIC).

Spectrum Control (Nasdaq: SPEC) reported higher first quarter earnings and announced that the company will be acquired by API Technologies for approximately $270 million.

Stifel Nicolaus initiated coverage of Aastrom Biosciences (Nasdaq: ASTM) with a Buy rating.

On the downside

The Rosen Law Firm filed a class action lawsuit against China Integrated Energy (Nasdaq: CBEH) for issuing materially false and misleading financial statements.

FUQI International's (Nasdaq: FUQI) independent auditor Marcum reported preliminary findings that certain cash transfers from company bank accounts to three other companies have been repaid in full.

A-Power Energy Generation (Nasdaq: APWR) delayed its 2010 earnings conference call to an unspecified date.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 825.

A 0.7% increase in February consumer spending lifted the markets to a higher open with the Dow gaining 51 points to 12,272. Nasdaq rose 10 points to 2753.

On the upside

Rural/Metro (Nasdaq: RURL) will be acquired by private equity firm Warburg Pincus in an all cash deal valued at approximately $438.2 million.

The International Trade Commission agreed to review a patent infringement case that Eastman Kodak (NYSE: EK) filed against Apple (Nasdaq: AAPL) and Research in Motion (Nasdaq: RIMM).

Goldman Sachs upgraded Alcatel-Lucent (NYSE: ALU) to a Buy rating citing the company's improved business mix.

On the downside

Goodyear Tire & Rubber (NYSE: GT) announced a mandatory convertible preferred stock offering of 8.7 million shares at $50 per share.

CNinsure (Nasdaq: CISG) will host a conference call this morning to discuss its strategic plan to develop an e-commerce insurance platform and the sale of its Datong life insurance unit.

Marriott International (NYSE: MAR) said that growth of revenue per available room in North America is lower than expected.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 827.

An upward revision of the nation's fourth quarter economic expansion lifted the markets to a higher close with the Dow rising 50 points to 12,220. Nasdaq gained 6 points to 2743.

On the upside

CryptoLogic (Nasdaq: CRYP) retained the services of Deloitte Corporate Finance to conduct a strategic review of the company.

Charming Shoppes (Nasdaq: CHRS) reported a narrower than expected loss for the fourth quarter and appointed chief operating officer Anthony Romano to the position of chief executive officer yesterday.

Accretive Health (NYSE: AH) announced a secondary offering of 6.5 million shares at $23.50 per share.

On the downside

Synnex (NYSE: SNX) disappointed with lower first quarter earnings as expenses climbed.

Standard & Poor's removed Dynegy (NYSE: DYN) from its MidCap 400 index after the company's market capitalization dropped below the minimum $735 million.

Concerns about Japan's recovery from the devastating earthquake, tsunami and nuclear radiation weighed down shares of Canon (NYSE: CAJ).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 823.

The markets traded higher during the midday with the Dow gaining 53 points to 12,224 after an upward revision of the nation's fourth quarter gross domestic product. Nasdaq rose 10 points to 2747.

On the upside

Shares of ServiceSource (Nasdaq: SREV) surged in its market debut.

Fourth quarter earnings topped analyst estimates for Wet Seal (Nasdaq: WTSLA) and the teen apparel retailer forecast strong current quarter earnings 

Wells Fargo Securities initiated coverage of Belo (NYSE: BLC) with an Outperform rating.

On the downside

Although fourth quarter earnings rose for Embraer (NYSE: ERJ), full year results dropped.

Darden Restaurants (NYSE: DRI) reported higher third quarter earnings that topped analyst estimates as revenue rose but the company warned of higher energy expenses and increased commodity prices in 2012.

The Patent Office issued a non-final action, which is similar to a rejection, of a re-examination request for SWM's (NYSE: SWM) patent number 6,725,867.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 827.

The nation's economy expanded more than expected in the fourth quarter to lift the markets to a higher open with the Dow rising 49 points to 12,220. Nasdaq gained 11 points to 2747.

On the upside

Fourth quarter earnings more than tripled for Biostar Pharmaceuticals (Nasdaq: BSPM) as revenue surged.

A decision will be made in Eastman Kodak's (NYSE: EK) patent infringement suit against Apple (Nasdaq: AAPL) and Research in Motion (Nasdaq: RIMM).

Accenture (NYSE: ACN) reported higher second quarter earnings and revenue that topped analyst estimates and lifted its full year outlook above expectations.

On the downside

Resource Capital (NYSE: RSO) priced its public offering of 6 million common shares at $6.90 per share.

HealthSpring (NYSE: HS) priced its offering of 7.5 million common shares at $35.95 per share.

Citi Investment Research analyst Kate McShane downgraded Best Buy (NYSE: BBY) citing increased competition and limited earnings growth.

In the broad market, advancing issues outpaced decliners 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 rose 3 points to 820.

Investors welcomed strong earnings and lower jobless claims to lift the markets to a higher open with the Dow gaining 84 points to 12,170. Nasdaq climbed 38 points to 2736.

On the upside

LightPath Technologies (Nasdaq: LPTH) expanded its direct selling channels in China in order to deliver high volumes of aspheric lenses and laser delivery systems to Asia.

BMO Capital lifted its 2011 earnings estimate for Las Vegas Sands (NYSE: LVS) from $1.72 per share to $1.92 per share.

Imax (NYSE: IMAX) announced a joint venture with Wanda Cinema Line to open 75 Imax big-screen theatres in China.

On the downside

Seeking Alpha contributor Copperfield Research wrote that Ebix's (Nasdaq: EBIX) growth was unsustainable and questioned its business model.

Retreating silver prices weighed down shares of Silver Wheaton (NYSE: SLW).

Shares of Vale (NYSE: VALE) fell after reports surfaced that Brazil's Finance Minister Guido Mantega asked Vale shareholder Bradesco to search for a replacement for Vale's chief executive Roger Agnelli.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 817.


Upbeat Earnings Lift Markets

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Upbeat earnings news along with a drop in initial applications for unemployment benefits lifted the markets higher during the midday with the Dow climbing 70 points to 12,156. Nasdaq gained 29 points to 2727.

On the upside

The Food and Drug Administration approved TranS1's (Nasdaq: TSON) AxiaLIF 1L+ instrumentation and implant system for L5-S1 lumbar fusion.

Talbots (NYSE: TLB) reported a loss for the fourth quarter that was smaller than expected.

Shares of U. S. miner Molycorp (NYSE: MCP) climbed after China announced a $9 per ton tax on Chinese rare earth producers.

On the downside

Fourth quarter earnings fell for Best Buy (NYSE: BBY) as weak consumer electronics sales weighed down revenue. The retailer forecast 2012 income below expectations.

MediciNova (Nasdaq: MNOV) priced its public offering of 2.75 million units at $3.00 per unit.

Scholastic (Nasdaq: SCHL) disappointed with a wider than expected loss for the third quarter and cut its 2011 guidance for the second time.

In the broad market, advancing issues outpaced decliners 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 gained 4 points to 816.

A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 53 points to 12,139. Nasdaq climbed 17 points to 2715.

On the upside

Walgreen (NYSE: WAG) will acquire drugstore.com (Nasdaq: DSCM) in an all cash deal valued at approximately $429 million.

Second quarter earnings dropped for Micron Technology (Nasdaq: MU) but the results beat analyst expectations.

Red Hat (NYSE: RHT) reported higher fourth quarter earnings and revenue that surpassed analyst estimates.

On the downside

International Coal (NYSE: ICO) subsidiary ICG Eastern was sued by three environmental groups for discharging toxic selenium into waterways in violation of state and federal laws.

Shares of Prana Biotechnology (Nasdaq: PRAN) continued falling after announcing a private placement yesterday to raise approximately $6.19 million.

Shares of Green Mountain Coffee Roasters (NYSE: GMCR), maker of the popular Keurig single brewer, tumbled after Starbucks (Nasdaq: SBUX) announced that it will introduce a single-serve cofffee brewer next year.

In the broad market, declining issues edged out advancers by a slim margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 810.

Investors welcomed an Energy Department report indicating that consumption of gasoline continued to grow even as prices surged. The markets closed higher with the Dow climbing 67 points to 12,086. Nasdaq gained 14 points to 2698.

On the upside

RAM Energy Resources (Nasdaq: RAME) will hold its annual stockholders meeting on May 5, 2011 at the Westin New York at Times Square Hotel at 10am.

Record gold prices lifted shares of Harmony Gold Mining (NYSE: HMY), US Gold (NYSE: UXG) and Hecla Mining (NYSE: HL).

Dynasil's (Nasdaq: DYSL) patent claims for advanced radiation detection and increased detector production capacity were approved.

On the downside

Seeking Alpha contributor David Trainer wrote that Eastman Kodak's (NYSE: EK) underfunded pension liability of $2.6 billion could potentially bankrupt the company.

EnerNOC (Nasdaq: ENOC) will provide its EfficiencySMART metering and monitoring equipment to Southern California Edison customers but the stock price dropped.

Newcastle Investment (NYSE: NCT) will offer 15 million common shares through a public offering.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 811.

The markets turned positive during the midday with the Dow rising 22 points to 12,040 even as oil prices increased. Nasdaq added a point to 2685.

On the upside

Discover Financial Services (NYSE: DFS) reversed year ago losses to post a better than expected profit for the first quarter as customer payment improved.

Western Refining (NYSE: WNR) will present at Barclays Capital 2011 High Yield Bond and Syndicated Loan Conference on Thursday March 24 in Orlando, Florida.

Iron Mountain (NYSE: IRM) adopted a Stockholder Rights Plan.

On the downside

Seeking Alpha contributor Ian Bezek questioned Yongye International's (Nasdaq: YONG) financial report.

Prana Biotechnology (Nasdaq: PRAN) announced a private placement of stocks and warrants to raise approximately $6.12 million.

Duoyuan Global Water (NYSE: DGW) reported higher fourth quarter earnings but margins fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 807.

Sales of new homes tumbled in February to a record low to weigh the markets down to a lower open with the Dow losing 29 points to 11,988. Nasdaq dropped 17 points to 2666.

On the upside

Second quarter earnings surged for Jabil Circuit (NYSE: JBL) to surpass analyst expectations and the company forecast current quarter results ahead of estimates.

The Food and Drug Administration informed Star Scientific (Nasdaq: CIGX) that its modified tobacco products Ariva-BDL and Stonewall-BDL are not subject to regulation.

China Vesting upgraded China Direct Industries (Nasdaq: CDII) to its China Dragon Undervalued Index.

On the downside

Cree (Nasdaq: CREE) blamed soft demand and weak prices for lowering its third quarter revenue guidance.

Xoma (Nasdaq: XOMA) reported that its Type 2 diabetes treatment Xoma 052 failed a Phase 2b clinical trial.

The Federal Reserve rejected Bank of America's (NYSE: BAC) plan to increase its dividend.

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points 802.

Rising crude oil prices weighed the markets down to a modestly lower close with the Dow losing 17 points to 12,018. Nasdaq fell 8 points to 2683.

On the upside

Piper Jaffray upgraded E-Commerce China Dangdang (NYSE: DANG) to an Overweight rating.

BJ's Wholesale Club (NYSE: BJ) shareholder Leonard Green &  Partners is exploring the possibility of acquiring the company.

Harvest Natural Resources (NYSE: HNR) will sell its oil and gas assets in the Uinta Basin in Utah for $215 million in cash.

On the downside

BroadSoft (Nasdaq: BSFT) expanded its interoperability program to include mobile device manufacturers and SIP voice and video clients but the stock price dropped.

Carnival (NYSE: CCL) disappointed with lower first quarter earnings and cut its full year outlook to fall below analyst expectations.

Chimera Investment (NYSE: CIM) announced a quarterly dividend of 14 cents per common share payable on April 28, 2011 to shareholders of record March 31, 2011. The dividend is lower than the previous dividend.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points 808.

The markets drifted into negative territory during the midday with the Dow slipping 11 points to 12,024 as oil prices climbed. Nasdaq lost 5 points to 2686.

On the upside

Soaring prices of rare earth metals lifted shares of Molycorp (NYSE: MCP).

Express (NYSE: EXPR) reported higher fourth quarter earnings that topped analyst estimates on strong holiday sales and upbeat current quarter as well as full year results.

Seeking Alpha contributor Danny Furman listed Kinross Gold (NYSE: KGC) as one of five gold miners with strong growth potential and limited downside.

On the downside

Shares of Talbots (NYSE: TLB) fell ahead of its earnings release later this week.

Photronics (Nasdaq: PLAB) will offer $100 million in convertible senior notes.

Investors locked in profits on Star Scientific (Nasdaq: CIGX), whose shares have been climbing since two patents were upheld on March 11.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points 809.

The markets opened flat with the Dow rising 6 points to 12,043 as manufacturers in Japan said that continued power shortages will delay the return of normal production schedules. Nasdaq added a fraction to 2692.

On the upside

Shares of Prana Biotechnology (Nasdaq: PRAN) continued climbing after announcing yesterday that its PBT2 repairs damage in brains affected by Alzheimer's disease.

Bristol-Myers Squibb (NYSE: BMY) reported positive results from a Phase III clinical trial for its advanced skin cancer treatment ipilimumab.

St. Jude Medical (NYSE: STJ) announced the grand opening of its St. Jude Medical Advanced Technology Center Asia Pacific in Beijing, China.

On the downside

Walgreen (NYSE: WAG) reported higher second quarter earnings that were in line with analyst expectations but the stock price fell. Investors were expecting results to beat estimates.

Morgan Joseph downgraded Towerstream (Nasdaq: TWER).

Investco Mortgage Capital (NYSE: IVR) will offer 19 million common shares.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point 811.

Despite a drop in existing home sales, the markets surged to close sharply higher with the Dow jumping 178 points to 12,036 as investors embraced merger and acquisition activity. Nasdaq soared 48 points to 2692.

On the upside

Prana Biotechnology (Nasdaq: PRAN) that its PBT2 repaired damage in Alzheimer's affected brains.

Gleacher & Co. analyst Ian Ing upgraded Atmel (Nasdaq: ATML) to a Buy rating.

Shares of Fortress Investment Group (NYSE: FIG) rose after competitor Apollo Global Management filed plans to IPO between $17 to $19 per share.

Sterne Agee analyst Vijay Rakesh upgraded Qualcomm (Nasdaq: QCOM) to a Buy rating.

Bargain hunters lifted shares of nuclear energy company Cameco (NYSE: CCJ).

On the downside

KeyCorp (NYSE: KEY) announced on Friday that it sold 70.6 million common shares and will offer senior unsecured notes to repay the government.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points 813.

Merger and acquisition news lifted the markets during the midday with the Dow surging 183 points to 12,042. Nasdaq soared 48 points to 2691.

On the upside

YRC Worldwide (Nasdaq: YRCW) will hire nearly 1,000 drivers for its Holland unit.

Verigy (Nasdaq: VRGY) announced that Advantest's offer to purchase Verigy for $15 per share is superior to Verigy's bid to purchase LTX-Credence. Verigy will now withdraw its recommendation to acquire LTX-Credence.

The Federal Communications Commission granted Globalstar (Nasdaq: GSAT) authority to operate its second generation satellites within the United States.

On the downside

Raymond James downgraded cellphone tower companies American Tower (NYSE: AMT), Crown Castle (NYSE: CCI) and SBA Communications (Nasdaq: SBAC) saying that the AT&T acquisition of T-Mobile may lower the need for cell sites.

Seeking Alpha contributor Edward Stevenson said that Coffee Holding (Nasdaq: JVA) was overvalued.

Citigroup (NYSE: C) announced a 1-for-10 reverse stock split.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 16 points 811.

AT&T's $39 billion cash and stock acquisition of T-Mobile lifted the markets to higher open with the Dow soaring 192 points to 12,050. Nasdaq surged49 points to 2693.

On the upside

Curis (Nasdaq: CRIS) reported positive results from a midstage clinical trial of the skin cancer treatment GDC-0449.

Tiffany & Co. (NYSE: TIF) reported higher fourth quarter earnings that topped analyst expectations. The luxury jewelry store trimmed its first quarter guidance due to the devastating earthquake and tsunami in Japan but the outlook still surpassed analyst estimates.

optionsXpress Holdings (NYSE: OXPS) will be acquired by Charles Schwab (NYSE: SCHW) in an all stock deal valued at approximately $1 billion.

On the downside

Shares of Sprint (NYSE: S), Americna Tower (NYSE: AMT) and Crown Castle International (NYSE: CCI) all fell after AT&T (NYSE: T) announced a $39 billion stock and cash deal to acquire T-Mobile.

XenoPort (Nasdaq: XNPT) announced that development of its heartburn treatment arbaclofen placarbil was halted after the drug failed a midstage clinical trial.

Majestic Capital (Nasdaq: MAJC) announced the termination of its merger agreement with Bayside Capial Partners and warned that it may file for bankruptcy.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 14 points 808.

A cease fire in Libya eased fears of tight oil supplies to lift the markets to a higher close with the Dow climbing 83 points to 11,858. Nasdaq rose 7 points to 2643.

On the upside

Chief executive Jonnie Williams of Star Scientific (Nasdaq: CIGX) purchased 500,000 shares of company stock earlier this month.

Coffee Holding (Nasdaq: JVA) reported sharply higher quarterly earnings yesterday as revenue rose.

Longtop Financial Technologies (NYSE: LFT) announced a $50 million stock repurchase plan.

On the downside

Two U. S. Senators urged the Federal Trade Commission to investigate KV Pharmaceutical (NYSE: KVA) for price gouging and anti-competitive behavior related to the pricing of its pre-term labor prevention treatment Makena.

Polypore International (NYSE: PPO) priced its secondary offering of 4.5 million common shares at the discounted price of $52.75 per share.

The Securities and Exchange Commission subpoenaed Duoyuan Printing (NYSE: DYP) for documents related to the dismissal of its external auditor last year.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points 794.

The markets retreated from an early morning spike but continued trading higher with the Dow climbing 80 points to 11,855 as Japanese Prime Minister Naoto Kan pledged to rebuild the devastated nation. Nasdaq gained 12 points to 2648.

On the upside

Nexxus Lighting (Nasdaq: NEXS) announced that its Array brand premium LED light bulbs will be available at Lowe's stores and Lowes.com beginning June 2011.

Jennings Capital analyst Alka Singh expects global uranium demand to increase despite possible radiation exposure in Japan after the massive earthquake damaged cooling systems at a nuclear power plant. Shares of Uranium Resources climbed (Nasdaq: URRE) .

A CenterPoint Energy (NYSE: LO) natural gas pipeline exploded yesterday morning in Minneapolis but there were no injuries and the fire was contained within two hours.

On the downside

Shares of Nike (NYSE: NKE) continued falling after announcing sharp price increases for their products in 2012.

Stifel Nicolaus lowered its price target for Oclaro (Nasdaq: OCLR) from $19 to $18.

The Law Offices of Howard G. Smith is investigating allegations of possible securities violations by Wilshire Bancorp (Nasdaq: WIBC).

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points 794.

A cease fire in Libya lifted the markets to a higher open with the Dow soaring 115 points to 11,890. Nasdaq rose 15 points to 2651.

On the upside

Quest Diagnostics (NYSE: DGX) will pay a premium of $8 per share in cash to acquire genetic diagnostics firm Celera (Nasdaq: CRA).

Intuit (Nasdaq: INTU) announced that from February 13 through March 12, sales of its Turbo Tax federal units increased 23% over last year with online sales soaring 30%.

Shares of cigarette maker Lorillard (NYSE: LO) rose after The Bedford Report said that despite a recession, cigarette companies continue paying dividends.

On the downside

Nike (NYSE: NKE) blamed higher expenses for third quarter earnings that fell short of analyst expectations and warned that increased costs will continue to negatively impact earnings.

LDK Solar (NYSE: LDK) reversed year ago losses to post a better than expected profit for the fourth quarter but investors were disappointed that the company merely affirmed its 2011 revenue guidance rather than raising its outlook.

Affymax (Nasdaq: AFFY) priced its public offering of nearly 8.5 million common shares at the discounted price of $5.90 per share.

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 7 points 793.

First time applications for unemployment benefits dropped more than expected last week to lift the markets to a sharply higher close with the Dow leaping 161 points to 11,774. Nasdaq gained 19 points to 2636.

On the upside

Maxygen (Nasdaq: MAXY) will sell its stake in joint venture Perseid Therapeutics to partner Astellas Pharma for $76 million.

Theragenics (NYSE: TGX) rejected an acquisition offer from German company Eckert & Ziegler Strahlen-und Medizintechnik saying the bid undervalued the company.

Sterne Agee made an unsolicited $6.25 per share bid for SWS Group (NYSE: SWS).

On the downside

Hawaiian Holdings (Nasdaq: HA) will offer $75 million in convertible senior notes.

The Rosen Law Firm is investigating allegations of fraud against China Integrated Energy (Nasdaq: CBEH).

Shares of YRC Worldwide (Nasdaq: YRCW) continued falling after the transportation services firm warned that in may have to file for bankruptcy after failing to meet restructuring milestones.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points 785.

Investors welcomed news that jobless claims dropped more than expected. The markets traded higher during the midday with the Dow surging 157 points to 11,770. Nasdaq soared 38 points to 2654.

On the upside

Shares of Conerstone OnDemand (Nasdaq: CSOD) surged on its first trading day.

Flotek Industries (NYSE: FTK) narrowed losses for the year ended December 31, 2010 as revenue increased.

Wireless Ronin (Nasdaq: RNIN) partnered with Sprint (NYSE: S) to offer clients a comprehensive, fully hosted digital signage and content management solution.

On the downside

Sanmina-SCI (Nasdaq: SANM) announced the departure of chief operating officer Hari Pillai and warned that project delays will negatively impact second quarter results.

AgFeed Industries (Nasdaq: FEED) disappointed by swinging to a fourth quarter loss.

Guess (NYSE: GES) reported higher fourth quarter earnings that topped analyst estimates but the apparel company forecast first quarter results well below expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points 790.

A larger than expected drop in first time applications for unemployment benefits lifted the markets to a sharply higher open with the Dow soaring 150 points to 11,764. Nasdaq climbed 37 points to 2654.

On the upside

Capstone Turbine (Nasdaq: CPST) sold six additional C65s to a large natural gas producer.

United Community Banks (Nasdaq: UCBI) will raise $380 million through the sale of 22.5% of the company to institutional investors.

Star Scientific (Nasdaq: CIGX) announced the election of former chairman and chief executive of Circuit City and Carmax Richard L. Sharp to Star Scientific's board of directors.

On the downside

General Maritime (NYSE: GMR) warned of significant fourth quarter losses and delayed filing its annual report while the company attempts to restructure or refinance existing credit facilities.

Quicksilver Resources' (NYSE: KWK) largest shareholder, the Darden family, withdrew its $2.73 billion offer to take the company private.

Lululemon Athletica (Nasdaq: LULU) reported higher fourth quarter earnings that beat analyst expectations but warned that the company could not meet demand for its products and forecast first quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 10 points 792.

Weak Economic Data Sinks Stocks

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Soaring wholesale prices along with a sharp drop in new home construction sent the markets into a tailspin with the Dow collapsing 242 points to 11,613. Nasdaq plunged 50 points to 2616.

On the upside

The Wall Street Journal reported that Websense (Nasdaq: WBSN) retained the services of Qatalyst Partners to explore the possible sale of the company.

Superior Industries (NYSE: SUP) reversed year ago losses to post a profit for the fourth quarter.

China Education Alliance (NYSE: CEU) announced that it purchased a 60% stake in Harbin Tianlang Culture and Education School.

On the downside

RAM Energy Resources (Nasdaq: RAME) narrowed fourth quarter losses but revenue slipped.Shares of nuclear energy company Cameco (NYSE: CCJ) continued falling as Japanese workers struggled to cool damaged nuclear power plants.

Harvest Natural Resources (NYSE: HNR) swung to a loss for the fourth quarter.In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 9 points 781.


The markets extended its losses during the midday with the Dow plummeting 151 points to 11,704 as February wholesale prices surged. Nasdaq tumbled 27 points to 2639.

On the upside

Alexza (Nasdaq: ALXA) reversed year ago losses to post a profit for the fourth quarter.

Carrizo Oil & Gas (Nasdaq: CRZO) narrowed fourth quarter losses.

Sify Technologies (Nasdaq: SIFY) partnered with Saudi Telecom to offer customers the most robust network footprint spanning the Middle East, Africa and India with a richer portfolio of services.

On the downside

Pacific Sunwear (Nasdaq: PSUN) reported a wider than expected loss for the fourth quarter as revenue dropped.FBR Capital downgraded Hercules Offshore (Nasdaq: HERO) to an Underperform rating.

BPZ Resources (NYSE: BPZ) disappointed with a loss for the fourth quarter despite higher revenue as expenses climbed.In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points 787.


February new home construction plunged to weigh the markets down to a lower open with the Dow falling 58 points to 11,797. Nasdaq slipped 2 points to 2665.

On the upside

Bargain hunters lifted shares of Uranium Resources (Nasdaq: URRE) whose shares have plunged since a devastating earthquake in Japan damaged the cooling system at a nuclear power plant.

Vera Bradley (Nasdaq: VRA) reported lower fourth quarter earnings but the results surpassed analyst expectations by a wide margin.

Universal Display (Nasdaq: PANL) widened fourth quarter losses due to a non-cash loss on stock warrant liability but revenue more than doubled.

On the downside

Online Resources (Nasdaq: ORCC) widened fourth quarter losses as revenue slipped prompting a downgrade.A sharp 22.5% plunge in February home construction weighed down shares of KB Home (NYSE: KBH).

Shares of YRC Worldwide (Nasdaq: YRCW) continued falling after warning yesterday that it may have to file for bankruptcy for missing a restructuring milestone.In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a point 792.


The markets closed lower with the Dow plummeting 137 points to 11,855 as the nation of Japan worked to avert meltdowns at nuclear power plants. Nasdaq tumbled 33 points to 2667.

On the upside

Google (Nasdaq: GOOG) will install special payment processors from VeriFone Systems (NYSE: PAY) at merchant locations throughout San Francisco and New York over the next four months to test its new mobile payment service.

Heckmann (NYSE: HEK) reported higher fourth quarter earnings as revenue climbed prompting the company to lift its 2011 outlook.

Shares of LDK Solar (NYSE: LDK), Suntech Power (NYSE: STP), Yingli Green Energy (NYSE: YGE) and Trina Solar (NYSE: TSL) all continued climbing after the devastating earthquake in Japan damaged cooling systems in nuclear power plants sparking fears of meltdowns.

On the downside

Negative reviews of THQ's (Nasdaq: THQI) just released Homefront video game sank shares of the entertainment software company.Investors locked in profits on Star Scientific (Nasdaq: CIGX), whose shares have surged since two of the tobacco company's patents were upheld on Friday.

YRC Worldwide (Nasdaq: YRCW) may have to file for bankruptcy after missing a restructuring milestone.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 6 points 791.


An already devastated Japan may face radiation exposure from damaged nuclear power plants. Uncertainty about the economic impact of the devastating earthquake and tsunami on world's third largest economy sent the markets tumbling during the midday with the Dow plunging 216 points to 11,776. Nasdaq sank 48 points to 2652.

On the upside

Impax Laboratories (Nasdaq: IPXL) reported upbeat results in a late stage clinical trial of its Parkinson's disease treatment IPX066.

Goldman Sachs analyst Ingrid Chung upgraded Netflix (Nasdaq: NFLX) to a Buy rating and set a $300 price target on the online movie rental company.

Williams-Sonoma (NYSE: WSM) reported higher fourth quarter earnings that beat analyst expectations and lifted its quarterly dividend by 2 cents to 17 cents per share payable on May 24 to shareholders of record April 27.

On the downside

ZAGG (Nasdaq: ZAGG) reported higher fourth quarter earnings that topped analyst estimates but concerns about future earnings persisted after Apple (Nasdaq: AAPL) announced two weeks ago that it will offer its own protective covers for the iPad 2.Falling silver prices weighed down shares of Silvercorp Metals (NYSE: SVM).

American Oriental Bioengineering (NYSE: AOB) disappointed with lower fourth quarter earnings as revenue dropped prompting a downgrade.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 7 points 790.


Fears of widespread radiation exposure in Japan sank the markets with the Dow plummeting 205 points to 11,786. Nasdaq plunged 52 points to 2648.

On the upside

Concerns that radiation exposure will spark a backlash against nuclear power lifted shares of solar power companies First Solar (Nasdaq: FSLR) and SunPower (Nasdaq: SPWRA).

Broadwind Energy (Nasdaq: BWEN) was selected by Goldwind USA to supply approximately 70 wind turbines for installation in Lee County, Illinois.

Shares of Cleveland BioLabs (Nasdaq: CBLI), which makes drugs to treat radiation exposure, continued to rise as Japanese workers continued pumping water to cool nuclear reactors damaged by Friday's earthquake.

On the downside

The stock price of Aflac (NYSE: AFL), the largest cancer coverage insurance firm in Japan, tumbled over concerns of a surge in claims.Uranium Resources (Nasdaq: URRE) stock continued falling over fears Japan will seek alternatives to nuclear power after a massive earthquake damaged the cooling systems at nuclear power plants.

Brown Shoe Company (NYSE: BWS) disappointed with lower fourth quarter earnings that fell short of analyst expectations as expenses rose.In the broad market, declining issues outpaced advancers by a margin of 10 to 1 on the NYSE and by nearly 9 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points 783.


The markets recovered from earlier losses but still closed lower with the Dow falling 51 points to 11,993 as investors grappled with the economic impact of the devastating earthquake and tsunami that struck Japan on Friday. Nasdaq dropped 14 points to 2700.

On the upside

Lextron will pay approximately $111 million to take Animal Health International (Nasdaq: AHII) private.

Speculation that solar power will replace nuclear power in Japan lifted shares of silicon wafer company MEMC Electronic Material (NYSE: WFR).

Possible radiation leaks at Japan's Fukushima Dai-ichi nuclear power plant lifted shares of Cleveland BioLabs (Nasdaq: CBLI), which makes drugs to treat radiation exposure.

On the downside

An original venture capital investor in Vonage Holdings (NYSE: VG) distributed 9.3 million common shares of company stock to the limited partners of the investor's funds.Shares of Hitachi (NYSE: HIT) plunged in the aftermath of the devastating earthquake and tsunami that struck Japan on Friday.

Jeffries downgraded Las Vegas Sands (NYSE: LVS) to a Hold rating and cut its price target from $57 down to $45.In the broad market, declining issues outpaced advancers 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 lost 4 points 798.


The markets extended its losses during the midday with the Dow plummeting 119 points to 11,925 as investors weighed the impact of the devastating earthquake and tsunami in Japan. Nasdaq plunged 23 points to 2691.

On the upside

Optimism that Japan may seek alternative power sources to nuclear energy lifted shares of JA Solar Holdings (Nasdaq: JASO).

Power-One (Nasdaq: PWER) began shipping inverter products from its new manufacturing facility in Shenzhen, China.

Corinthian Colleges (Nasdaq: COCO) affirmed its earnings outlook for the third quarter despite an expected 21% to 23% drop in enrollment.

On the downside

RAIT Financial Trust (NYSE: RAS) will offer $100 million in convertible senior notes.D. A. Davidson analyst John Rogers cited concerns about Shaw Group's (NYSE: SHAW) nuclear power plant construction and equipment business for downgrading the engineering firm.

Neutral Tandem (Nasdaq: TNDM) disappointed with lower fourth quarter earnings that fell far short of analyst expectations.In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points 795.


The devastating earthquake and tsunami that struck Japan on Friday weighed the markets down to a lower open with the Dow dropping 62 points to 11,982 as analysts assessed the damage to the world's third largest economy. Nasdaq tumbled 15 points to 2700.

On the upside

Shares of Star Scientific (Nasdaq: CIGX) continued rising after the U. S. Patent and Trademark Office upheld two of the tobacco company's patents on Friday.

Warren Buffett's Berkshire Hathaway will acquire Lubrizol (NYSE: LZ) in an all cash deal valued at approximately $9.7 billion.

A second explosion at a nuclear power plant in Japan lifted shares of solar stocks Trina Solar (NYSE: TSL) and LDK Solar (NYSE: LDK) on speculation that the Japanese government may seek alternative energy sources.

On the downside

Shares of Uranium Resources (Nasdaq: URRE), USEC (NYSE: USU)  and Cameco (NYSE: CCJ) tumbled after a second explosion at a nuclear power plant in Japan sparked fears of a backlash against nuclear energy.USA Technologies (Nasdaq: USAT) announced a private placement of $10.7 million in common stock.

Sony (NYSE: SNE) closed ten factories and two research centers in the aftermath of the massive earthquake and tsunami that struck Japan on Friday.In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points 798.


Higher Close As Oil Retreats

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The markets extended its gains to close higher with the Dow gaining 59 points to 12,044 as oil prices retreated. Nasdaq climbed 14 points to 2715.

On the upside

The U. S. Patent and Trademark Office upheld two of Star Scientific's (Nasdaq: CIGX) patents.

Shares of energy firms Tesoro (NYSE: TSO), Western Refining (NYSE: WNR) and Frontier Oil (NYSE: FTO) all rose after a massive earthquake in Japan forced three nuclear power plants to close.

Morgan Stanley upgraded Goodyear Tire & Rubber (NYSE: GT) and lifted its price target to $20.

On the downside

iGo (Nasdaq: IGOI) reported higher fourth quarter earnings but the stock price slipped.K-V Pharmaceutical (NYSE: KVA) will charge $1,500 for each dose of its newly approved premature birth treatment Makena, which outraged doctors.

JP Morgan Securities analyst Christopher Blansett downgraded Evergreen Solar (Nasdaq: ESLR).In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points 802.


Easing crude oil prices lifted the markets modestly higher during the midday with the Dow rising 22 points to 12,007. Nasdaq added 5 points to 2706.

On the upside

Valero (NYSE: VLO) announced that it will acquire Chevron's (NYSE: CVX) Wales refinery for approximately $730 million and will pay an additional $1 billion for all the plant's inventories.

AK Steel's (NYSE: AKS) coke plants in Kentucky and Ohio received awards from the American Coke and Cola Chemicals Institute for outstanding safety performance.

Clean Energy Fuels (Nasdaq: CLNE) reversed year ago losses to post a greater than expected profit for the fourth quarter as revenue nearly doubled.

On the downside

Medifast (NYSE: MED) delayed the release of its fourth quarter and full year results saying that additional time is needed to complete financial statements.Smith & Wesson (Nasdaq: SWHC) disappointed by swinging to a loss for the third quarter as revenue slipped and the firearms company fourth quarter and full year results below estimates.

Jamba (Nasdaq: JMBA) widened fourth quarter losses as revenue fell.In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 799.


A massive earthquake in Japan weighed the markets down to a lower open with the Dow falling 20 points to 11,963. Nasdaq slipped 2 points to 2698.

On the upside

Japan's second largest toy company Tomy will pay $27.90 per share in cash to acquire U. S. toy maker RC2 (Nasdaq: RCRC).

Leonard Green & Partners offered $19.09 per share to take 99 Cents Only Stores (NYSE: NDN) private.

AnnTaylor Stores (NYSE: ANN) reported higher fourth quarter earnings that topped analyst estimates as revenue climbed.

On the downside

Two Harbors Investment (NYSE: TWO) priced its public offering of 25 million common shares at $10.25 per share.Energy Conversion Devices (Nasdaq: ENER) blamed solar subsidy cuts in France and Italy for slashing its production outlook for the current quarter.

Aeropostale (NYSE: ARO) blamed higher expenses for a drop in fourth quarter earnings.In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 796.


The nation's budget deficit swelled to a record $222.5 billion in February sending the markets tumbling to a sharply lower close with the Dow skidding 228 points to 11,984. Nasdaq plummeted 50 points to 2701.

On the upside

Nikkei Business Daily reported that Japanese firm Tomy will pay approximately $604 million to acquire toy maker RC2 (Nasdaq: RCRC).

Pentwater Capital Management plans to nominate three candidates to the Board of Directors of Leap Wireless (Nasdaq: LEAP).

Semtech (Nasdaq: SMTC) reported sharply higher fourth quarter earnings that more than doubled to beat analyst expectations as revenue climbed.

On the downside

SIGA Technologies (Nasdaq: SIGA) widened fourth quarter losses as revenue slipped.FX Energy (Nasdaq: FXEN) priced its public offering of 6 million common shares at the discounted price of $7.00 per share.

GeoResources (Nasdaq: GEOI) reported higher fourth quarter earnings but the stock price fell.In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 21 points to 799.


China reported an unexpected trade deficit in February sparking concerns that the global economic recovery was in jeopardy. The markets tumbled during the midday with the Dow plummeting 150 points to 12,062 while Nasdaq stumbled 35 points to 2716.

On the upside

H&R Block (NYSE: HRB) reported a 6% increase in tax preparations through the end of February.

The Men's Wearhouse (NYSE: MW) narrowed fourth quarter losses and forecast 2011 results ahead of estimates.

Fourth quarter earnings dropped for Spectrum Pharmaceuticals (Nasdaq: SPPI) but the results surpassed analyst expectations.

On the downside

E-Commerce China Dangdang (NYSE: DANG) reported lower fourth quarter earnings yesterday.Magnum Hunter Resources (NYSE: MHR) announced yesterday the public offering of preferred stock.

A drop in silver prices weighed down shares of First Majestic Silver (NYSE: AG).In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks sank 18 points to 802.


First time applications for jobless claims climbed more than expected to weigh the markets down to a lower open with the Dow plunging 197 points to 12,015. Nasdaq plummeted 48 points to 2702.

On the upside

Green Mountain Coffee Roasters (Nasdaq: GMCR) will offer Starbucks (Nasdaq: SBUX) coffee for its single serve Keurig system.

The Food and Drug Administration approved Human Genome Sciences' (Nasdaq: HGSI) lupus treatment Benlysta, the first new medication to be approved for lupus in more than 50 years.

Elliott Management submitted four candidates for Iron Mountain's (NYSE: IRM) Board of Directors and requested a strategic review of the company's capital allocation and operational efficiency.

On the downside

Jackson Hewitt Tax Service (NYSE: JTX) cancelled its third quarter earnings conference call and is restructuring its balance sheet and future funding. The tax preparer warned that the restructuring may lead to a prepackaged bankruptcy.Canadian Solar (Nasdaq: CSIQ) reversed year ago losses to post a profit for the fourth quarter but the results fell short of expectations.

Coldwater Creek (Nasdaq: CWTR) disappointed with a much larger than expected loss for the fourth quarter.In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 18 points to 802.


Worries over rising gasoline prices weighed the markets down to a lower close with the Dow slipping a point to 12,213. Nasdaq lost 14 points to 2751.

On the upside

Goldman Sachs will increase its stake in MoneyGram International (NYSE: MGI) to approximately 30%.

AeroVironment (Nasdaq: AVAV) reported sharply higher third quarter earnings that surpassed analyst estimates by a wide margin.

Fourth quarter earnings slipped for The Children's Place (Nasdaq: PLCE) but the results topped estimates.

On the downside

Finisar's (Nasdaq: FNSR) disappointing outlook weighed down shares of competitors Occlaro (Nasdaq: OCLR) and Oplink (Nasdaq: OPLK) and semiconductor EMCORE (Nasdaq: EMKR).7 Days Group Holdings (NYSE: SVN) reversed year ago losses to post a profit for the fourth quarter but the stock price fell.

Shares of Superconductor Technologies (Nasdaq: SCON) fell ahead of its earnings release tomorrow before market open.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 lost 3 points to 821.


The markets traded mixed during the midday with the Dow adding 2 points to 12,217 as investors weighed the impact of high crude oil prices on the economic recovery. Nasdaq fell 18 points to 2747.

On the upside

Majesco Entertainment (Nasdaq: COOL) reported sharply higher first quarter earnings as revenue surged.

Eastman Kodak (NYSE: EK) will offer $200 million of senior secured notes through a private placement.

American Eagle Outfitters (NYSE: AEO) reported higher fourth quarter earnings that topped analyst estimates and announced the retirement of chief executive officer James V. O'Donnell.

On the downside

Shares of JDS Uniphase (Nasdaq: JDSU) tumbled after rival optical equipment maker Finisar (Nasdaq: FNSR) issued a disappointing outlook for the fourth quarter that fell far short of analyst expectations.Visteon (NYSE: VC) disappointed with lower fourth quarter earnings.

Citigroup downgraded Potash Corp. of Saskatchew (NYSE: POT) to a Hold rating.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 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 822.


The markets opened mixed with the Dow rising 12 points to 12,227 while Nasdaq lost 9 points to 2756 as crude oil prices edged up.

On the upside

Aeterna Zentaris (Nasdaq: AEZS) entered a development, commercialization and marketing agreement with Yakult Honsha for Aeterna Zentaris' anti-cancer compound perifosine in Japan.

The Food and Drug Administration approved Hospira's (NYSE: HSP) docetaxel, a generic version of Sanofi Aventis' (NYSE: SNY) cancer treatment Taxotere.

Hercules Offshore (Nasdaq: HERO) reported a loss for the fourth quarter that was narrower than expected.

On the downside

Finisar (Nasdaq: FNSR) reported higher third quarter earnings but forecast fourth quarter earnings and revenue well below analyst expectations.US Airways (NYSE: LCC) will pay employees more than $47 million as part of its profit sharing plan.

ReneSola (NYSE: SOL) announced plans to offer approximately $175 million of convertible senior notes.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 822.


Crude oil prices retreated after OPEC members indicated that oil output may be increased. The markets closed sharply higher with the Dow soaring 125 points to 12,214 while Nasdaq climbed 20 points to 2765.

On the upside

Broadsoft (Nasdaq: BSFT) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.

Lawson Software (Nasdaq: LWSN) retained the services of Barclays Capital to explore strategic options including the possible sale of the company.

K-V Pharmaceutical (NYSE: KVA) announced a patient assistance program for Makena, a treatment to reduce the risk of preterm birth.

On the downside

The Wall Street Journal reported that American Eagle Outfitters (NYSE: AEO) initiated a search for a new chief executive due to the impending retirement of current chief executive James O'Donnell.Global Education & Technology Group (Nasdaq: GEDU) reversed year ago losses to post a profit for the fourth quarter but the stock price.

China Information Technology (Nasdaq: CNIT) blamed higher taxes for a drop in fourth quarter income.In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 12 points to 824.


The markets extended its gains during the midday with the Dow surging 145 points to 12,235 as crude oil prices eased. Nasdaq soared 27 points to 2773.

On the upside

Biodel (Nasdaq: BIOD) will present at the Roth 23rd Annual OC Growth Stock Conference on March 16, 2011.

PulteGroup (NYSE: PHM) reported that preliminary signups for new homes in the first two months of the year increased over the same period in the prior year.

Easing crude oil prices lifted shares of Delta Air Lines (NYSE: DAL) and US Airways (NYSE: LCC).

On the downside

Third quarter earnings for Casey's General Stores (Nasdaq: CASY) slipped to fall far short of analyst expectations prompting a downgrade.Iridium Communications (Nasdaq: IRDM) reversed year ago losses to post a profit for the fourth quarter but the stock price fell.

Retreating oil prices weighed down shares of refiners Frontier Oil (NYSE: FTO) and Tesoro (NYSE: TSO).In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 14 points to 826.


Easing crude oil prices lifted the markets to a higher open with the Dow climbing 71 points to 12,161. Nasdaq gained 16 points to 2762.

On the upside

China Security & Surveillance Technology (NYSE: CSR) received a $6.50 per share cash offer from former chairman and chief executive Guoshen Tu to take the company private.

Bloomberg reported that Sprint Nextel (NYSE: S) may purchase Deutsche Telekom's T-Mobile business by giving Deutsche a stake in Sprint.

Dick's Sporting Goods (NYSE: DKS) reported higher fourth quarter earnings that topped analyst estimates as margins increased and the sporting goods retailer forecast 2011 results ahead of expectations.

On the downside

Urban Outfitters (Nasdaq: URBN) disappointed with lower fourth quarter earnings that fell short of expectations as expenses climbed. Collins Stewart downgraded LDK Solar (NYSE: LDK) to a Sell rating.

Fourth quarter earnings plunged for BlackRock Kelso Capital (Nasdaq: BKCC).In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 7 points to 819.


Higher gasoline prices weighed down the markets to a lower close with the Dow falling 79 points to 12,090. Nasdaq tumbled 39 points to 2745.

On the upside

Pharmasset (Nasdaq: VRUS) will present at the Cowen & Co. 31st Annual Healthcare Conference this week 

Atlas Pipeline Partners (NYSE: APL) will redeem all of its senior notes that are due in 2015.

Advantage Oil & Gas (NYSE: AAV) higher year end reserves of 244,291 million barrels of oil equivalent.

On the downside

YRC Worldwide (Nasdaq: YRCW) announced the resignation of chief financial officer Sheila Taylor effective March 31, 2011 while the transportation services company is in the middle of a financial restructuring. Janney Capital Markets analyst Brian McGill downgraded Bally Technologies (NYSE: BYI) saying that increasing competition may force the gaming equipment maker to lower prices.

Macquarie downgraded Fortress Investment Gourp (NYSE: FIG).In the broad market, declining issues outpaced advancers by a margin of moe than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 12 points to 812.

Concerns about the impact of ever increasing oil prices on the fragile economy sent the markets tumbling during the midday with the Dow dropping 112 points to 12,057. Nasdaq plunged 54 points to 2730.

On the upside

James River Coal (Nasdaq: JRCC) will pay approximately $475 million in cash to acquire International Resource Partners. 

Shares of Seagate Technology (Nasdaq: STX) climbed after competitor Western Digital (NYSE: WDC) announced its $4.3 billion acquisition of Hitachi Global Storage.

OCZ Technology Group (Nasdaq: OCZ) forecast fourth quarter revenue that will nearly double from last year.

On the downside

FX Energy (Nasdaq: FXEN) announced that its Lisewo-1 discovery well flowed at an inital rate of 7.7 million cubic feet per day.Shares of Advanced Micro Devices (NYSE: AMD) and Micron Technology (Nasdaq: MU) fell after Wells Fargo Securities analyst David Wong downgraded the semiconductor sector.

Ford (NYSE: F) recalled approximately 24,000 Ranger pickup trucks for possible leakage of their fuel systems.In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 17 points to 807.


Mixed Open As Oil Prices Rise

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The markets opened mixed with the Dow rising 25 points to 12,195 while Nasdaq fell 10 points to 2774. Mergers and acquisitions buoyed investor sentiment even as escalating violence in Libya sparked another surge in crude oil prices.

On the upside

Accuray (Nasdaq: ARAY) will pay approximately $277 million in cash and stock to acquire TomoTherapy (Nasdaq: TOMO). 

Western Digital (NYSE: WDC) will purchase the hard disk drive business of Hitachi in a cash and stock deal valued at approximately $4.3 billion.

Fortune reported that Sprint (NYSE: S) may offer the Google smartphone with 4G and WiMAX.

On the downside

Ciena (Nasdaq: CIEN) widened first quarter losses and forecast second quarter results below expectations.Japan halted the use of Pfizer's (NYSE: PFE) Prevenar vaccine and Sanofi-Aventis' (NYSE: SNY) ActHIB vaccine in order to investigate four deaths of children up to two years of age who received vaccinations.

Repligen (Nasdaq: RGEN) reported disappointing results from a Phase2b clinical trial of its bipolar depression treatment RG2417.In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 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 point to 823.


Despite a drop in the nation's unemployment rate to the lowest level in almost two years, the market closed lower with the Dow tumbling 88 points to 12,169 as escalating violence in Libya pushed oil prices higher. Nasdaq fell 14 points to 2784.

On the upside

EMCORE (Nasdaq: EMKR) Connects Cables were used to connect the world's fastest super computer Tianhe-1A. 

Shares of Alcatel-Lucent (NYSE: ALU) continued rising over yesterday's rumor that a Chinese firm was considering acquiring the telecommunications equipment maker.

Rodman & Renshaw downgraded GMX Resources (NYSE: GMXR) to a Market Perform rating.

On the downside

BSQUARE (Nasdaq: BSQR) reversed year ago losses to post a profit for the fourth quarter but the company expects lower first quarter earnings.Cerus (Nasdaq: CERS) narrowed fourth quarter losses but warned that sales growth will slow.

NeoPhotonics (NYSE: NPTN) disappointed with sharply lower fourth quarter earnings.In the broad market, declining issues outpaced advancers 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 lost 3 points to 824.


Crude oil prices continued surging to send the markets tumbling during the midday with the Dow plunging 139 points to 12,118. Nasdaq dropped 21 points to 2776.

On the upside

JDS Uniphase (Nasdaq: JDSU) will present its optical communications and communications test and measurement portfolio solutions at the Optical Fiber Communication Conference/National Fiber Optics Engineers Conference in Los Angeles next week. 

Agilent Technologies (NYSE: A) will present at the Media Briefing at Pittcon on March 14, 2011 and at the Barclays Capital 2011 Global Healthcare Conference on March 16, 2011.

Cadence Pharmaceuticals (Nasdaq: CADX) widened fourth quarter losses but the company reported that its pain treatment Ofirmev is on 203 hospital formularies.

On the downside

Moody's placed Central European Distribution (Nasdaq: CEDC) on review for a possible downgrade citing significant deterioration in operating performance.William Blair & Co. downgraded Monster Worldwide (NYSE: MWW) citing the tepid job market and competition from other online employment sites.

The Food and Drug Administration warned that use the drug topiramate during pregnancy may increase the incidence of babies born with cleft lip and cleft palate. Topiramate is a component of Vivus' (Nasdaq: VVUS) diet drug Qnexa.In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 820.

Lower Open As Oil Prices Soar

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Escalating violence in Libya sent crude oil prices soaring to their highest level in more than two years to weigh the markets down to a lower open with the Dow losing 31 points to 12,226. Nasdaq slipped 8 points to 2789.

On the upside

Spreadtrum Communications (Nasdaq: SPRD) reported sharply higher fourth quarter earnings that beat analyst expectations and forecast first quarter results ahead of estimates. 

Fourth quarter earnings more than doubled for ZST Digital Networks (Nasdaq: ZSTN) as revenue soared.

RAM Energy Resources (Nasdaq: RAME) announced the drilling of additional wells at its Mississippi Chat formation.

On the downside

Fourth quarter earnings rose for Marvell Technology Group (Nasdaq: MRVL) but the results fell short of expectations.BioSante Pharmaceuticals (Nasdaq: BPAX) announced a registered direct offering of approximately 12.2 million common shares.

Dynex Capital (NYSE: DX) priced its public offering of 8 million common shares at $10.35 per share.In the broad market, declining issues outpaced advancers 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 lost 4 points to 824.


A sharp drop in unemployment applications along with easing crude oil prices sent the markets soaring with the Dow rocketing 191 points to close at 12,258. Nasdaq leaped 50 points to 2798.

On the upside

USA Technologies (Nasdaq: USAT) announced a record 6.4 million small-ticket transactions representing $10.3 million processed in February 2011. 

Wendy'sArby's Group (NYSE: WEN) narrowed fourth quarter losses and suggested that selling its Arby's brand would positively impact earnings.

Western Refining (NYSE: WNR) narrowed losses for the fourth quarter even as revenue slipped.

On the downside

Fuel Systems Solutions (Nasdaq: FSYS) swung to a loss for the fourth quarter as revenue plunged.NorthStar Realty Finance (NYSE: NRF) announced a private offering of $100 million in exchangeable senior notes.

Cowen & Co. analyst Matthew Hoffman downgraded Motorola Mobility (NYSE: MMI) saying that the launch of Apple's (Nasdaq: AAPL) iPad 2 on March 11 will dampen demand for the company's Xoom tablet.In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 828.


The markets extended its rally at midday with the Dow surging 179 points to 12,246 as oil prices retreated and new jobless claims plunged. Nasdaq leaped 50 points to 2798.

On the upside

American Service Group (Nasdaq: ASGR) reversed year ago losses to post a profit for the fourth quarter. The company also agreed to be acquired by Valitas Health Services for approximately $250 million in cash. 

Valero Energy (NYSE: VLO) forecast first quarter results well ahead of analyst estimates.

Fourth quarter earnings fell for CVR Energy (NYSE: CVI) but revenue rose.

On the downside

Investors locked in profits on Royale Energy (Nasdaq: ROYL).Frontier Communications (NYSE: FTR) spent $14 million in Wisconsin last year to increase broadband availability and enhance network performance.

Sigma Designs (Nasdaq: SIGM) reversed year ago losses to post a profit for the fourth quarter but warned of lower revenue in the first six month of fiscal year 2012.In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 18 points to 829.


Initial applications for unemployment benefits tumbled to the lowest amount in nearly three years to lift the markets to a sharply higher open with the Dow soaring 167 points to 12,234. Nasdaq surged 40 points to 2789.

On the upside

BioSante Pharmaceuticals (Nasdaq: BPAX) reported positive results from a Phase II trial of its pancreatic cancer vaccine. 

US Airways (NYSE: LCC) reported a 4.1% increase in February revenue passenger miles and a 10% gain in revenue per available seat mile.

ZAGG (Nasdaq: ZAGG) introduced a complete line of accessories for Apple's (Nasdaq: AAPL) new iPad 2.

On the downside

Amylin Pharmaceuticals (Nasdaq: AMLN), Eli Lilly (NYSE: LLY) and Alkermes (Nasdaq: ALKS) reported disappointing results from their once a week diabetes treatment Bydureon.February same store sales fell 1% for Dillard's (NYSE: DDS).

Radio One (Nasdaq: ROIAK) blamed a non-cash impairment charge for widening fourth quarter losses.In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 12 points to 823.


The markets closed modestly higher with the Dow rising 8 points to 12,066 despite escalating violence Libya as the nation's economy expanded from the beginning of the year through early February. Nasdaq gained 10 points to 2748.

On the upside

Fourth quarter earnings fell for Shanda Games (Nasdaq: GAME) but the results topped analyst estimates. 

McDermott International (NYSE: MDR) reported sharply lower fourth quarter earnings but also announced $700 million in new contracts.

B&G Foods (NYSE: BGS) reported fourth quarter earnings that surged to surpass analyst expectations.

On the downside

Shares of protective cover maker for mobile devices Zagg (Nasdaq: ZAGG) tumbled after Apple (Nasdaq: AAPL) announced that a magnetic protective cover will be available with its new iPad 2.Six Delta Air Lines (NYSE: DAL) flight attendants who formerly worked for Northwest Airlines sued Delta after receiving lower profit sharing checks due to a union dispute.

TiVo (Nasdaq: TIVO) widened fourth quarter losses more than expected due to legal fees and discounted prices during the holiday shopping season.In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 810.


The markets retreated to trade near the flatline with the Dow easing 2 points to 12,055 as investors monitored volatile crude oil prices. Nasdaq rose 9 points to 2746.

On the upside

Investopedia listed Alcatel-Lucent (NYSE: ALU) among the top five performing technology stocks in February. 

Royale Energy (Nasdaq: ROYL) sold certain assets in Kern County, California but retained royalty on the acreage.

Shares of Hercules Offshore (Nasdaq: HERO) climbed after the government issued the first new permit for deepwater drilling in the Gulf of Mexico since the Deepwater Horizon disaster last April.

On the downside

Hudson City Bancorp (Nasdaq: HCBK) warned that it may be compelled to raise capital by federal regulators.MBIA (NYSE: MBI) swung to a profit due to a one time unrealized gain of $1.1 billion but premiums fell.

W&T Offshore (NYSE: WTI) reported higher fourth quarter earnings that topped estimates but warned of lower production in 2011.In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 808.


Private employers added a greater than expected 217,000 jobs last month to lift the markets to a higher open with the Dow rising 40 points to 12,098. Nasdaq gained 18 points to 2755.

On the upside

PPL (NYSE: PPL) will pay approximately $5.6 billion in cash to acquire E.ON UK's Central Networks electricity distribution business in England. 

First quarter earnings for VeriFone Systems (NYSE: PAY) nearly tripled to surpass analyst estimates as revenue rose prompting the electronic payment solutions firm to lifts its outlook for the second quarter as well as the full year.

Online apparel and cosmetics retailer Mecox Lane (Nasdaq: MCOX) will be acquired for approximately $66 million by Chinese Internet portal Sina (Nasdaq: SINA).

On the downside

Weatherford International (NYSE: WFT) must restate earnings from 2007 through 2010 by approximately $500 million.American International Group (NYSE: AIG) will sell its stake in MetLife (NYSE: MET) for approximately $10 billlion in order to repay the government.

Sina (Nasdaq: SINA) disappointed by swinging to a fourth quarter loss and forecasting first quarter revenue that fell short of analyst expectations.In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 807.


Concerns that soaring crude oil prices will stall the global economic recovery sent the markets tumbling to a sharply lower close with the Dow plummeting 168 points to 12,058. Nasdaq sank 44 points to 2737.

On the upside

PNM Resources (NYSE: PNM) widened fourth quarter losses but the energy company forecast 2011 earnings above estimates. 

Rising silver prices lifted shares of Silvercorp Metals (NYSE: SVM).

CIBER (NYSE: CBR) will present at the Roth Capital Growth Stock Conference on Tuesday, March 15, 2011 at the Ritz Carlton in Dana Point, California.

On the downside

A123 Systems (Nasdaq: AONE) widened fourth quarter losses as revenue slipped.Rising crude oil prices weighed down shares of US Airways Group  (NYSE: LCC).

Range Resources (NYSE: RRC) widened fourth quarter losses prompting a downgrade.In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 807.


The markets extended its losses during the midday with the Dow tumbling 130 points to 12,096 as oil prices resumed their ascent amidst continuing violence in Libya. Nasdaq plunged 40 points to 2742.

On the upside

GenOn Energy (NYSE: GEN) widened fourth quarter losses due to merger related costs but the company expects to save $150 million in annual costs beginning in January 2012. 

AES (NYSE: AES) will sell electricity generated by the 49 MW Mountain View IV wind project in Palm Springs, California to Southern California Edison.

Shares of India's ICICI Bank (NYSE: IBN) soared after India reported strong manufacturing growth in February.

On the downside

Las Vegas Sands (NYSE: LVS) received a subpoena from the Securities and Exchange Commission for documents related to compliance with the Foreign Corrupt Practices Act.ReneSola (NYSE: SOL) reversed year ago losses to post a profit for the fourth quarter but forecast 2011 results below expectations due to increased competition.

Carnival (NYSE: CCL) chief operating officer Howard Frank sold 180,000 shares of company stock.In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 11 points to 811.


Rising crude oil prices weighed the markets down to a lower open with the Dow losing 36 points to 12,226. Nasdaq fell 18 points to 2763.

On the upside

Sonus Networks (Nasdaq: SONS) reported higher fourth quarter earnings that topped analyst estimates. 

RBC Capital Markets cited new products for upgrading Boston Scientific (NYSE: BSX).

The U. S. government awarded Novavax (Nasdaq: NVAX) a contract valued at up to $179 million to develop pandemic and seasonal recombinant flu vaccines. Novavax also licensed its proprietary recombinant virus-like-paricle vaccine technology to LG Life Sciences to develop and commericialize vaccines in South Korea.

On the downside

YRC Worldwide (Nasdaq: YRCW) extended its losses as investors reacted negatively to yesterday's announcement of a restructuring plan that would substantially dilute current stockholders.Central European Distribution (Nasdaq: CEDC) blamed increased impairment charges for widening fourth quarter losses.

RXi Pharmaceuticals (Nasdaq: RXII) priced its public offering of 6 million common shares at $1.35 per unit.In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 818.


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