November 2011 Archives

Central banks acted together to lower interest rates sending the markets soaring to a sharply higher close with the Dow rocketing 490 points to 12,045. Nasdaq surged 104 points to 2620.

On the upside

Bargain hunters snapped up shares of JA Solar (Nasdaq: JASO), whose stock price dropped yesterday after Li Junfeng, deputy director general of the Beijing-based Energy Research Institute at the National Development and Reform Commission, said that half of the Chinese solar companies will not be around in ten years.  


RBC Capital Markets upgraded Leap Wireless (Nasdaq: LEAP) to an Outperform rating. 

Standard & Poor's affirmed the MBIA (NYSE: MBI) subsidiary National Public Finance Guarantee Corp's  BBB rating.

On the downside


A Seeking Alpha contributor suggested that Imperial Sugar (Nasdaq: IPSU) explore a possible reverse stock split. 


Investors locked in profits on Best Buy (NYSE: BBY), whose stock price climbed on strong Black Friday sales. 

  

Standard & Poor's analysts lowered their ratings on Lowe's (NYSE: LOW).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by a margin of nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 41 points to 737.



Lower Interest Rates Boost Markets

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A lowering of interest rates by central banks lifted the markets sharply higher during the midday with the Dow jumping 391 points to 11,947. Nasdaq surged 79 points to 2595.

On the upside

Skyworks Solutions (Nasdaq: SWKS) amended its agreement to acquire Advanced Analogic Technologies (Nasdaq: AATI) for a lower price.  


Shares of coal producers James River Coal (Nasdaq: JRCC) rose after Morningstar wrote that coal demand is increasing in China and India. 

Motley Fool wrote that Forrest Oil (NYSE: FST) had a good intangible assets ratio and tangible book value.

On the downside


Standard & Poor's downgraded StoneMor Partners' (Nasdaq: STON) senior unsecured rating and placed its corporate credit rating on CreditWatch with negative implications. 


Cowen analyst Jim Friedland said that pricing pressures may negatively impact earnings for Shutterfly (Nasdaq: SFLY). 

  

Watson Pharmaceuticals (NYSE: WPI) introduced its generic version of Pfizer's (NYSE: PFE) cholesterol medication Lipitor but the stock price dropped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by a margin of more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 30 points to 726.


The markets surged to a sharply higher open with the Dow leaping 392 points to 11,947 after central banks lowered their borrowing rates. Nasdaq jumped 80 points to 2596.

On the upside

Bradesco (NYSE: BBD) will webcast its Brazilian Association of Investment Analysts meeting live today.  


Shares of coal producers Alpha Natural Resources (NYSE: ANR), Arch Coal (NYSE: ACI) and Patriot Coal (NYSE: PCX) climbed after Morningstar wrote that coal demand was rising in China and India. 

Pennystockinsiders.com issued a research report on Dex One (Nasdaq: DEXO).

On the downside


OmniVision Technologies (Nasdaq: OVTI) reported lower second quarter earnings and forecast current quarter results that fell far below analyst expectations. 


National Retail Properties (NYSE: NNN) priced its public offering of 7 million common shares at the discounted price of $25.75 per share. 

  

Clearwire (Nasdaq: CLWR) must decide by tomorrow whether to make an interest payment of $237 million or use the cash to fund operations.

In the broad market, advancing issues outpaced decliners by a margin of more than 15 to 1 on the NYSE and by a margin of nearly 9 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 27 points to 723.

It was a mixed close for the markets with the Dow rising 32 points to 11,555 as European leaders continued to wrestle with a viable financial bailout plan. Nasdaq fell 11 points to 2515.

On the upside

Janney Capital Markets analyst Darren Bassman wrote that Home Depot's (NYSE: HD) transition to small do-it-yourself projects will improve profits.  


Best Buy (NYSE: BBY) scored a successful Black Friday with exclusive deals and in-store offers. 

A Seeking Alpha contributor wrote over the weekend that Dex One (Nasdaq: DEXO) was poised for a turnaround.

On the downside


RBC Capital Markets analyst Shibani Malhotra said that Hospira (NYSE: HSP) may experience extensive manufacturing problems. 


Moody's Investors Service downgraded Ship Finance International's (NYSE: SFL) credit rating to B1. 

  

Investors locked in profits on Avanir Pharmaceuticals (Nasdaq: AVNR).

In the broad market, declining issues edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by a margin of nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 696.

Markets Mixed On AMR Bankruptcy

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The markets traded mixed during the with the Dow rising 39 points to 11,562 as investors digested the bankruptcy filing of American Airlines parent AMR. Nasdaq lost 15 points to 2512.

On the upside

Inhibitex (Nasdaq: INHX) reported upbeat results from an ongoing Phase1b clinical trial of its hepatitis C treatment INX-189 and announced plans to expand drug studies of INX-189.  


Russian Standard Vodka acquired a 9.9% stake in rival Central European Distribution (Nasdaq: CEDC). 

Shares of Cemex (NYSE: CX) continued to recover as bargain hunters snapped up shares of the cement maker.

On the downside


American Airlines parent AMR (NYSE: AMR) filed for Chapter 11 bankruptcy protection. 


Shares of Regions Financial (NYSE: RF) fell as European leaders continued to negotiate details of the financial rescue plan. 

  

Falling home prices weighed down shares of mortgage insurer Radian Group (Nasdaq: RDN).

In the broad market, advancing issues edged out decliners by a margin of nearly 10 to 9 on the NYSE while decliners outpaced advancers by a margin of more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 696.

Consumer confidence surged above analyst expectations to a reading of 56.0 in November to lift the markets to a higher open with the Dow gaining 81 points to 11,604. Nasdaq rose 10 points to 2537.

On the upside

Bernstein Research analyst Pierre Ferragu upgraded Research in Motion (Nasdaq: RIMM) to a Market Perform rating from Underperform.  


Shares of rival airlines Delta Air Lines (NYSE: DAL), United Continental (NYSE: UAL) and US Airways (NYSE: LCC) all rose after American Airlines parent AMR (NYSE: AMR) filed for Chapter 11 bankruptcy protection. 

Seagate Technology (Nasdaq: STX) lifted its second quarter revenue guidance to top analyst estimates.

On the downside


Tiffany & Co. (NYSE: TIF) reported sharply higher third quarter earnings that beat analyst expectations but the company forecast current quarter results below estimates. 


Transocean (NYSE: RIG) will raise capital through a public offering of 26 million common shares. 

  

Corning (Nasdaq: GLW) warned of lower glass demand and cut its earnings outlook for the current quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 698.

Thanksgiving weekend sales surged to a record $52.4 billion lifting the markets to a sharply higher close with the Dow rocketing 291 points to 11,523. Nasdaq jumped 85 points to 2527.

On the upside

Bloomberg reported that Onyx Pharmaceuticals  (Nasdaq: ONXX) was exploring strategic options including the possible sale of the company.  


Molycorp (NYSE: MCP) entered a joint venture with Daido Steel and Mitsubishi to produce high-powered rare earth magnets. 

Speculation that NetApp (Nasdaq: NTAP) may be interested in acquiring Quantum (NYSE: QTM) lifted shares of the data storage company.

On the downside


Willbros Group (NYSE: WG) will present at the 2011 Jefferies Global Energy Conference on Novmeber 30 and will attend the UBS 2011 Engineering & Construction 1x1 Conference in Houston on December 1, 2011 but the stock price dropped. 


Greif (NYSE: GEF) blamed disappointing results in Europe for lowering its full year earnings guidance. 

  

Shares of Groupon (Nasdaq: GRPN) continued falling after the online coupon site failed to offer national Black Friday deals.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 31 points to 697.

Reports that European leaders made progress over the weekend on administrative details of the financial rescue fund sent the markets soaring during the midday with the Dow jumping 280 points to 11,512. Nasdaq leaped 78 points to 2519.

On the upside

Motley Fool recommended Avanir Pharmaceuticals (Nasdaq: AVNR) on Friday as one of seven Black Friday biotech bargains.  


Merge Healthcare (Nasdaq: MRGE) announced the launch of its new Merge Honeycomb cloud-based platform for sharing medical images. 

Citigroup upgraded Genworth Financial (NYSE: GNW) to a Buy rating citing the insurer's attractive valuation.

On the downside


Ternium (NYSE: TX) will pay a premium of approximately $2.2 billion to acquire a stake in Brazilian steel producer Usiminas. 


Trefis wrote that a fair price for LinkedIn (NYSE: LNKD) would be $43 per share. 

  

Investors locked in profits on Royale Energy (Nasdaq: ROYL) whose stock price soared last week after the company announced two natural gas discoveries.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 29 points to 695.

Record Black Friday sales lifted the markets to a sharply higher open with the Dow leaping 305 points to 11,537. Nasdaq jumped 84 points to 2526.

On the upside

Carl Icahn offered a premium of approximately $1.73 billion to acquire Commercial Metals (NYSE: CMC).  


A Seeking Alpha article noted that Pacific Ethanol (Nasdaq: PEIX) founder and chairman William Jones purchased 200,000 shares of company stock earlier this month. 

Bargain hunters lifted shares of Cemex (NYSE: CX) whose stock price tumbled last week.

On the downside


The Independent Data Monitoring Committee for Celsion's (Nasdaq: CLSN) Phase III HEAT Study recommended continuation of the study but the stock price dropped. 


G. Willi-Food International (Nasdaq: WILC) disappointed with sharply lower third quarter earnings due to lower prices. 

  

Shares of Focus Media (Nasdaq: FMCN) fell again after Muddy Waters accused the company last week of overstating the number of LCD screens in its advertising network.

In the broad market, advancing issues outpaced decliners by a margin of 13 to 1 on the NYSE and by nearly 8 to1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 31 points to 697.

Lower Close Over European Debt Concerns

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Concerns about the ongoing European debt crisis weighed the markets down to a lower close with the Dow losing 25 points to 11,231. Nasdaq dropped 18 points to 2441.

On the upside

Pozen (Nasdaq: POZN) sold its U. S. royalty rights for its migraine treatment Treximet to CPPIB Credit Investments for $75 million.  


Lloyds Banking Group (NYSE: LYG) announced on Wednesday that discussions to sell 632 of its branches to two potential firms continued. 

Motley Fool wrote that Perfect World (Nasdaq: PWRD) fit the bill for a perfect stock.

On the downside


Analysts lowered their earnings estimate and price target for Netflix (Nasdaq: NFLX). 


A Motley Fool article said that Tempur-Pedic's (NYSE: TPX) inventory growth outpaced revenue growth over that last 12 month period. 

  

Motley Fool warned that year-over-year revenue fell for Trina Solar (NYSE: TSL) while accounts receivables climbed.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 666.

The markets opened higher with the Dow climbing 97 points to 11,354 as many retailers enticed consumers to spend by offering Black Friday deals on Thanksgiving. Nasdaq gained 15 points to 2475.

On the upside

Bargain hunters snapped up shares of Alcatel-Lucent (NYSE: ALU), whose stock price tumbled last week after Goldman Sachs analyst Tim Boddy slashed his price target on the communications equipment firm.  


Apple (Nasdaq: AAPL) announced Black Friday discounts on its iPad 2, iPod Touch, iPod Nano, MacBook Air, MacBook Pro and iMac. 

The Paragon Report issued a research report on Royale Energy (Nasdaq: ROYL) saying that natural gas prices will rise as demand soars.

On the downside


Nokia (NYSE: NOK) cited falling trading volumes for applying to delist from the Frankfurt Stock Exchange. 


Vale (NYSE: VALE) named Tito Martins to the position of chief financial officer yesterday. 

  

Investors locked in profits on Yingli Green Energy (NYSE: YGE) whose stock price soared earlier this week after reporting better than expected third quarter results.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 676.

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

Global Economic Concerns Sink Stocks

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Global economic concerns sank the markets with the Dow collapsing 236 points to 11,257. Nasdaq plummeted 61 points to 2460.

On the upside

The Food and Drug Administration approved Transcept Pharmaceuticals' (Nasdaq: TSPT) Intermezzo to treat middle-of-the-night awakening with difficulty falling back to sleep.  


Walgreens (NYSE: WAG) will offer a free one-day Redbox movie rental to the first 130 customers to make a purchase at one of its more than 7,700 locations nationwide on Thanksgiving Day. 

Bargain hunters lifted shares of Collective Brands (NYSE: PSS), whose stock price tumbled yesterday after Susquehanna lowered its price target on the footwear retailer.

On the downside


School Specialty (Nasdaq: SCHS) reported sharply lower second quarter earnings yesterday and cut its outlook for 2012. 


Netlist (Nasdaq: NLST) will sell $10 million worth of common shares. 

  

Barnes & Noble (NYSE: BKS) will sell a limited edition of its Nook Simple Touch e-reader for only $79 on Black Friday.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks sank 21 points to 674.

Markets Extend Losses At Midday

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The markets extended its losses during the midday with the Dow plummeting 197 points to 11,296 despite a gain in consumer sentiment as investors kept a wary eye on the European debt crisis. Nasdaq sank 50 points to 2470.

On the upside

Oppenheimer analyst Chris Kotowski defended Jefferies Group (NYSE: JEF) against an Egan-Jones Ratings assertion that Jefferies revenue will drop.  


Yingli Green Energy (NYSE: YGE) swung to a loss for the third quarter but the results were better than expected. 

Royale Energy (Nasdaq: ROYL) announced yesterday that it made two more natural gas discoveries in its core area.

On the downside


The Bedford Report issued a research report on HyperDynamics (NYSE: HDY) saying that the company's warning that it may never generate revenue frightened investors. 


According to The Bedford Report, China's announcement last month that it will increase regulation of online social media sites will negatively impact usage of Renren (NYSE: RENN). 

  

Pandora Media (NYSE: P) reversed year ago losses to post a better than expected profit for the third quarter investors were disappointed that the company forecast current quarter results within analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 17 points to 678.

China's factory sector contracted in November sending domestic markets tumbling to a sharply lower open with the Dow plunging 181 points to 11,312. Nasdaq plummeted 52 points to 2469.

On the upside

Fourth quarter earnings and revenue climbed for Deere & Co. (NYSE: DE) to surpass analyst expectations.  


The Food and Drug Administration approved Boston Scientific's (NYSE: BSX) PROMUS Element Plus Everolimus-Eluting Platinum Chromium Coronary Stent System. 

TiVo (Nasdaq: TIVO) widened third quarter losses but the results were better than expected.

On the downside


Herb Greenberg of CNBC reported that the death of Diamond Foods (Nasdaq: DMND) audit committee member Joseph Silveira committed suicide. 


Shares of Groupon (Nasdaq: GRPN) continued falling after rival online discount site LivingSocial announced a national Black Friday campaign yesterday. 

  

FBR Capital downgraded Frontline (NYSE: FRO) to an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 684.

GDP Revised Down, Markets Close Lower

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A downward revision of the nation's third quarter economic growth weighed the markets down to a lower close with the Dow falling 53 points to 11,493. Nasdaq eased a point to 2521.

On the upside

Mobile TeleSystems (NYSE: MBT) reported better than expected earnings for the third quarter.  


Barclays Capital downgraded Meritor (NYSE: MTOR) to an Equal Weight rating from Overweight but the stock price rose. 

Yingli Green Energy (NYSE: YGE) entered into a strategic financing relationship with CIT Group (NYSE: CIT).

On the downside


Collective Brands (NYSE: PSS) warned of magian pressures prompting analyst Dorothy Lakner of Caris & Co. to cut her price target on the footwear retailer. 


Pacific Crest analyst James Faucette wrote that shipments of Nokia's (NYSE: NOK) Windows Phone 7 appeared to be much lower than anticipated. 

  

Shares of Ship Finance International (NYSE: SFL) and Overseas Shipholding Group (NYSE: OSG) plummeted after rival oil transportation company Frontline (NYSE: FRO) warned that it would need additional capital in 2012 to continue operations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 696.

Mixed Markets As GDP Revised Down

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The nation's economy expanded at a lower 2% annual pace in the third quarter than originally estimated. The markets traded mixed during the midday with the Dow losing 8 points to 11,538 while Nasdaq rose 7 points to 2530.

On the upside

Forbes said yesterday that Kinross Gold (NYSE: KGC) was oversold.  


Suntech Power (NYSE: STP) reported a loss for the third quarter but revenue rose to surpass analyst expectations and the company expects the German market to improve in 2012. 

Valspar (NYSE: VAL) swung to a loss for the fourth quarter due to a significant impairment charge but the results beat analyst estimates.

On the downside


LivingSocial's national Black Friday deals weighed down shares of rival Groupon (Nasdaq: GRPN), which is not offering Black Friday bargains.


Morgan Stanley analyst Francois Meunier issued a cautious note on Alcatel-Lucent (NYSE: ALU) cut his fourth quarter revenue forecast citing a very difficult environment. 

  

Third quarter earnings fell for Chico's FAS (NYSE: CHS) to miss expectations due to increased discounting.

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 added a point to 703.

Mixed Open As GDP Revised Downward

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The opened mixed with the Dow slipping 2 points to 11,545 while Nasdaq added 4 points to 2527 after the nation's third quarter economic growth was revised downward to a 2.0% annual pace from 2.5%.

On the upside

Focus Media (Nasdaq: FMCN) denied allegations by Muddy Waters that the company overstated the number of LCD screens in its LCD display advertising network.  


Brocade Communications Systems (Nasdaq: BRCD) slipped to a loss for the fourth quarter but the results surpassed analyst expectations. 

Second quarter earnings climbed for Medtronic (NYSE: MDT) to top analyst estimates as revenue rose.

On the downside


Frontline (NYSE: FRO) swung to a third quarter loss and said that it may need to restructure its debt to avoid default.


Capstone Turbine (Nasdaq: CPST) entered into warrant exercise agreements with various holders. 

  

Fusion-io (NYSE: FIO) priced its follow-on offering of approximately 8.8 million common shares at the discounted price of $33 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers barely edged out decliners by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 702.

The threat of a possible downgrade of the nation's debt rating sent the markets tumbling to a sharply lower close with the Dow plummeting 248 points to 11,547. Nasdaq stumbled 49 points to 2523.

On the upside

Bargain hunters lifted shares of Geron (Nasdaq: GERN), whose stock price tumbled last week after announcing that it was shuttering its stem cell research programs.  


Kodiak Oil & Gas (NYSE: KOG) expanded its stock offering on Friday to 42 million common shares to raise an additional $34.8 million. 

Pennystocksinsiders.com issued an equity research report on Central European Distribution (Nasdaq: CEDC).

On the downside


Renren (NYSE: RENN) sold its stake in eLong (Nasdaq: LONG) to Expedia for approximately $72.4 million.


Shares of E-Commerce China Dangdang (NYSE: DANG) continued falling after swinging to a third quarter loss last week. 

  

Camelot Information Systems (NYSE: CIS) will release third quarter results next Wednesday, November 30.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 17 points to 701.

The failure of the congressional debt committee to reach a deficit reduction agreement sent the markets into a nosedive with the Dow collapsing 300 points to 11,495. Nasdaq sank 59 points to 2512.

On the upside

Global Education and Technology Group (Nasdaq: GEDU) will be acquired by Pearson for approximately $155 million in cash.  


Gilead's (Nasdaq: GILD) $11 billion acquisition of Pharmasset (Nasdaq: VRUS) lifted shares of rival hepatitis C treatment maker Inhibitex (Nasdaq: INHX). 

The Food and Drug Administration approved Regeneron's (Nasdaq: REGN) Eylea on Friday to treat elderly patients with blindness.

On the downside


Focus Media (Nasdaq: FMCN) reported third quarter earnings ahead of estimates on Friday and forecast current quarter results above analyst expectations but the stock price plummeted.


Shares of Eastman Kodak (NYSE: EK) continued to fall after the Wall Street Journal reported on Thursday that the company was seeking potential buyers for its online photo sharing site Kodak Gallery. 

  

Youku.com (NYSE: YOKU) stock continued falling after widening third quarter losses more than expected last week.

In the broad market, declining issues outpaced advancers by a margin of 8 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 17 points to 701.

The markets opened sharply lower with the Dow sinking 265 points to 11,530 over expectations that the congressional debt committee will fail to reduce the nation's debt by at least $1.2 trillion. Nasdaq plunged 58 points to 2513.

On the upside

Gilead Sciences (Nasdaq: GILD) will pay a premium of approximately $11 billion in cash to acquire Pharmasset (Nasdaq: VRUS).  


The Centers for Medicare and Medicaid services will now cover the costs associated with administering Dendreon's (Nasdaq: DNDN) Provenge. 

Cooper Industries (NYSE: CBE) will replace Janus Capital Group (NYSE: JNS) in the S&P 500 index after market close on Tuesday, November 22.

On the downside


Profit taking continued to weigh down shares of Pacific Ethanol (Nasdaq: PEIX). The stock price climbed early last week after the company retired debt.


The 180 day lock-up period for LinkedIn (NYSE: LNKD) expires today with approximately 8 million shares expected to be sold in a secondary offering. 

  

Lloyds Banking Group (NYSE: LYG) named director David Roberts as interim chief executive while chief executive Antonio Horta-Osorio remained on medical leave.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 1 on the NYSE and by more than 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 15 points to 704.

It was a mixed close for the markets with the Dow rising 25 points to 11,796 as investors kept a watchful eye on the European debt crisis. Nasdaq fell 15 points to 2572.

On the upside

Fourth quarter earnings climbed for Dolby Laboratories (NYSE: DLB) to surpass analyst expectations as revenue rose.  


China Medical Technologies (Nasdaq: CMED) reported higher second quarter earnings. 

Global Cash Access Holdings (NYSE: GCA) completed its acquisition of certain MCA Processing assets.

On the downside


Comments by Clearwire (Nasdaq: CLWR) chief executive Erik Pursch that the company may not make an interest payment that is due on December 1 sparked fears that the company may file for bankruptcy protection.


Credit Suisse downgraded Central European Distribution (NYSE: CEDC) to an Underperform rating. 

  

Molycorp (NYSE: MCP) is spending $1 billion to revive rare earth metal production in California near the Nevada border.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 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 fraction to 719.

The markets traded mixed during the midday with the Dow gaining 61 points to 11,832 as the Conference Board's index of leading economic indicators climbed more than expected while Congress continued to wrestle with the nation's deficit. Nasdaq lost 5 points to 2582.

On the upside

Dahlman Rose upgraded American Airlines parent AMR (NYSE: AMR) to a Hold rating from a Sell rating.  


Shares of Mattress Firm Holding (Nasdaq: MFRM) surged on its first trading day. 

Mentor Graphics (Nasdaq: MENT) reported sharply higher third quarter earnings that beat analyst expectations.

On the downside


Ann (NYSE: ANN) reported higher third quarter earnings that topped analyst estimates but same store sales at its Ann Taylor stores posted only a modest 2.5% increase.


MoneyGram (NYSE: MGI) priced its secondary offering of 9.3 million common shares at the discounted price of $16.25 per share. 

  

Stifel Nicolaus downgraded Exco Resources (NYSE: XCO) to a Hold rating from a Buy rating.

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 added a point to 720.

The markets opened mixed with the Dow rising 47 points to 11,818 while Nasdaq slipped 3 points to 2584 as investors continued to monitor the European debt crisis.

On the upside

Second quarter earnings slipped for Blue Coat Systems (Nasdaq: BCSI) but the results surpassed analyst expectations and the Internet security products company forecast current quarter results ahead of estimates.  


Focus Media (Nasdaq: FMCN) reported lower third quarter earnings but the results beat expectations. 

Marvell Technology (Nasdaq: MRVL) reported lower third quarter earnings due to charges but the results topped analyst estimates.

On the downside


Salesforce.com (NYSE: CRM) swung to a third quarter loss as expenses climbed and the company warned that fourth quarter results may miss expectations.


Och-Ziff Capital Management (NYSE: OZM) priced its public offering of more than 33 million Class A shares at the discounted price of $7.50 per share. 

  

Exco Resources (NYSE: XCO) announced a drop in capital spending for next year.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 719.

Continued concerns about the European debt crisis sent the markets tumbling to a sharply lower close with the Dow plunging 134 points to 11,770. Nasdaq sank 51 points to 2587.

On the upside

The Children's Place (Nasdaq: PLCE) reported higher third quarter earnings and revenue that topped analyst estimates and lifted its full year guidance.  


Barnes & Noble (NYSE: BKS) chief executive William Lynch expects to expand its share of both the print and digital book markets. 

Sino Clean Energy (Nasdaq: SCEI) reported lower third quarter earnings and revenue but the company affirmed its full year guidance.

On the downside


Aruba Networks (Nasdaq: ARUN) reported a loss for the first quarter after market close.


Ternium (NYSE: TX) engaged in discussions to acquire a stake in rival steelmaker Usiminas. 

  

OCZ Technology Group (Nasdaq: OCZ) will supply solid-state drives to Voxel for their VoxSERVER hosting environments.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 718.

Global economic concerns sent the markets tumbling during the midday with the Dow plummeting 202 points to 11,703. Nasdaq plunged 55 points to 2583.

On the upside

Shares of Angie's List (Nasdaq: ANGI) soared on its first trading day.  


Eastman Kodak's (NYSE: EK) Kodak Nexpress SX Digital Production Color Platform won the German printing industry's prestigious Most Innovative Technology award. 

ACCO Brands (NYSE: ABD) will merge with MeadWestvaco's (NYSE: MWV) Consumer & Office Products business in a deal valued at approximately $860 million.

On the downside


Shares of student lender Sallie Mae (NYSE: SLM) dropped after the Consumer Financial Protection Bureau announced an investigation into the private student lending industry.


OfficeMax (NYSE: OMX) will close 20 stores by the end of the year and plans to close up to 20 stores per year over the next several years. 

  

Perry Ellis International (Nasdaq: PERY) disappointed with lower third quarter earnings that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 718.

Soaring bond yields in Spain weighed the markets down to a lower open with the Dow losing 34 points to 11,871. Nasdaq fell 13 points to 2626.

On the upside

Shares of Pacific Ethanol (Nasdaq: PEIX) continued climbing after retiring in full its $35 million senior notes yesterday.  


Bargain hunters lifted shares of Rambus (Nasdaq: RMBS), whose stock price plunged yesterday after the company lost an anti-trust lawsuit against Micron Technology (Nasdaq: MU). 

LinkedIn (NYSE: LNKD) priced its offering of 8.75 million common shares at $71 per share.

On the downside


Second quarter earnings slipped for NetApp (Nasdaq: NTAP) and the company forecast current quarter results below expectations.


Youku (NYSE: YOKU) disappointed with a wider than expected loss for the third quarter and forecast fourth quarter revenue that fell short of analyst expectations. 

  

Deutsche Bank downgraded Western Refining (NYSE: WNR) to a Hold rating.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 8 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 to 727.

Fitch warned that the European debt crisis may negatively impact the domestic banking industry sending the markets tumbling to a sharply lower close with the Dow plummeting 190 points to 11,905 as crude oil prices spiked. Nasdaq plunged 46 points to 2639.

On the upside

A jury decided that Micron Technology (Nasdaq: MU) and Hynix Semiconductor did not infringe on patents held by Rambus (Nasdaq: RMBS).  


Shandong Gold offered $1 billion to acquire Jaguar Mining (NYSE: JAG). 


Eastman Kodak (NYSE: EK) shareholder Investment Partners Asset Management requested that the company a shareholder rights plan that was adopted on August 1, 2011.

On the downside


Morgan Stanley (NYSE: MS) will pay $3.3 million to settle allegations that its Morgan Stanley Investment Management unit improperly charged investors for advisory services that were never delivered.


Jefferies Group (NYSE: JEF) named Thomas O. Seitz to the position of Managing Director and Equity Research Analyst covering U. S. Telecommunications companies. 

  

Rambus (Nasdaq: RMBS) lost its price fixing case against Micron Technology (Nasdaq: MU) and Hynix Semiconductor.

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 tumbled 13 to 729.

Crude Oil Prices Spike, Markets Drop

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The markets traded lower during the midday with the Dow dropping 62 points to 12,034 as crude oil prices spiked. Nasdaq fell 13 points to 2672.

On the upside

Pacific Ethanol (Nasdaq: PEIX) retired in full its $35 million senior convertible notes.  


Anonymous sources said that the European Union will most likely approve Western Digital's (NYSE: WDC) acquisition of Hitachi next week. 


The Food and Drug Administration approved Incyte's (Nasdaq: INCY) blood cancer treatment Jakafi.

On the downside


A former manager of Chemed (NYSE: CHE) unit Vitas Healthcare accused the company of engaging in Medicare fraud.


Crude oil prices soared over $100 per barrel sending shares of refiners Valero Energy (NYSE: VLO), CVR Energy (NYSE: CVI) and Tesoro (NYSE: TSO) tumbling. 

  

Wells Fargo analyst Sam Dubinsky dropped research coverage of LDK Solar (NYSE: LDK) yesterday saying that the company was not a viable investment.

In the broad market, declining issues outpaced advancers 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 eased a fraction to 742.

Concerns of an expanding European debt crisis weighed the markets down to a sharply lower open with the Dow plunging 117 points to 11,978. Nasdaq dropped 19 points to 2667.

On the upside

Target (NYSE: TGT) reported higher third quarter earnings and revenue that surpassed analyst expectations.  


Pacira Pharmaceuticals (Nasdaq: PCRX) priced its public offering of 7 million common shares at $6.50 per share. 


Shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) continued rising after Motley Fool recommended the stock yesterday.

On the downside


Abercrombie & Fitch (NYSE: ANF) reported higher third quarter earnings but the results fell far short of analyst expectations.


Rising crude oil prices weighed down shares of refiners HollyFrontier (NYSE: HFC), Marathon Petroleum (NYSE: MPC) and Western Refining (NYSE: WNR). 

  

Unilife (Nasdaq: UNIS) priced its public offering of 8.25 million common shares at $4.35 per share.

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 fell 6 points to 736.

The markets closed modestly higher with the Dow rising 17 points to 12,096 as Italy's Prime Minister-designate Mario Monti prepared to present his economic program to President Giorgio Napolitano tomorrow. Nasdaq gained 28 points to 2686.

On the upside

VanceInfo Technologies (NYSE: VIT) reported lower third quarter earnings but revenue climbed and the information technology services firm forecast current quarter revenue ahead of expectations.  


A Senate bill to expand tax credit incentives for natural gas vehicles lifted shares of Clean Energy Fuels (Nasdaq: CLNE). 


Jacobs Engineering Group (NYSE: JEC) reported higher fourth quarter earnings as revenue rose.

On the downside


Assured Guaranty (NYSE: AGO) may stop issuing municipal bond insurance in states that lack guidelines for approving local bankruptcy petitions.


Gulf Resources (Nasdaq: GURE) disappointed with lower third quarter earnings and revenue.   

First quarter earnings for K12 (NYSE: LRN) more than doubled but the results fell far short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 743.

Gain In Retail Sales Lifts Markets

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A better than expected gain in October retail sales lifted the markets during the midday with the Dow gaining 68 points to 12,147. Nasdaq climbed 28 points to 2685.

On the upside

Motley Fool contributor Rick Munarriz cited Green Mountain's (Nasdaq: GMCR) relatively low price for recommending the stock.  


McMoRan Exploration (NYSE: MMR) discovered additional hydrocarbons at its Lafitte ultra-deep prospect. 


The Wall Street Journal reported that Computer Sciences Corp. (NYSE: CSC) may be targeted for an acquisition.

On the downside


The Cooper Companies (NYSE: COO) expanded its recall of Avaira Toric contact lenses to include limited lots of Avaira Sphere contact lenses.


Meritor (NYSE: MTOR) reported sharply higher fourth quarter earnings and revenue but revenue fell short of expectations.   

Towerstream (Nasdaq: TWER) widened third quarter losses even as revenue climbed.

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 9 points to 742.

Retail Sales Rise But Markets Fall

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The markets opened lower with the Dow losing 18 points to 12,060 even as October retail sales rose. Nasdaq slipped 3 points to 2654.

On the upside

Chimera Investment (NYSE: CIM) that its economic book value as of September 30 was a better than expected $3.01.  


MicroStockProfit.com issued a research report on Pacific Ethanol (Nasdaq: PEIX). 


Netlist (Nasdaq: NLST) announced agreements to make its patented HyperCloud memory products compatible with Hewlett Packard (NYSE: HPQ) and IBM (NYSE: IBM) servers.

On the downside


Geron (Nasdaq: GERN) blamed high costs for discontinuing its stem cell research programs.


Penn Virginia Resource Partners (NYSE: PVR) priced its offering of 7 million common units at $24.55 per unit.   

Sterne Agee downgraded American Airlines parent AMR (NYSE: AMR) to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 729.

Despite new leadership in Italy and Greece, the markets closed lower with the Dow tumbling 74 points to 12,078 as European debt concerns continued to weigh down investor sentiment. Nasdaq dropped 21 points to 2657.

On the upside

Shares of Opko Health (NYSE: OPK) continued rising after Jefferies & Co. initiated coverage of the pharmaceutical on Friday with a Buy rating.  


Shares of Darling International (NYSE: DAR) to climb after the company posted sharply higher third quarter earning after market close on Thursday. 


A Barron's article said that Corning (NYSE: GLW) shares will rebound.

On the downside


Cadence Pharmaceuticals (Nasdaq: CADX) will sell $75 million worth of common shares through a public offering.


Shares of InterOil (NYSE: IOC) tumbled ahead of its earnings release after market close. The company widened third quarter losses.   

JinkoSolar (NYSE: JKS) blamed weak demand and falling prices for slashing its revenue guidance for the third quarter and full year.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 732.

The markets extended its losses during the midday with the Dow dropping 81 points to 12,072 as September industrial production tumbled in Europe. Nasdaq fell 18 points to 2660.

On the upside

Maxim Group initiated coverage of United Continental (NYSE: UAL) with a Buy rating and set a $28 price target on the stock.  


VeriFone Systems (NYSE: PAY) will pay approximately $818 million to acquire Swedish electronic payments provider Point. 


BFC Financial will acquire Bluegreen (NYSE: BXG) in an all stock deal valued at approximately $143.1 million.

On the downside


Investors locked in profits on Salix Pharmaceuticals (Nasdaq: SLXP), whose stock price climbed last week after posting a third quarter profit and announcing the acquisition of Oceana Therapeutics.


Shares of Alimera Sciences (Nasdaq: ALIM) continued falling after the FDA requested additional drug trials for the company's diabetic macular edema treatment Iluvien on Friday.   

QEP (NYSE: QEP) forecast 2012 earnings and organic production growth below analyst expectations.

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 tumbled 13 points to 731.

The markets opened lower with the Dow falling 58 points to 12,095 over continued concerns about the European debt crisis. Nasdaq lost 11 points to 2666.

On the upside

Citigroup analyst Walter Pritchard upgraded Salesforce.com (NYSE: CRM) to a Buy rating and raised his price target to $158.  


Lowe's (NYSE: OMX) reported lower third quarter earnings but the results topped analyst estimates and the home improvement retailer lifted its full year outlook. 


Delta Air Lines (NYSE: DAL) will add twelve new flights from New York beginning in the spring.

On the downside


Ctrip.com International (Nasdaq: CTRP) reported higher third quarter earnings but the travel services company forecast current quarter revenue below analyst expectations.


Investors locked in profits on Gerdau (NYSE: GGB), whose stock price climbed on Friday after reporting higher third quarter earnings that surpassed analyst expectations.   

Shares of ATP Oil & Gas (Nasdaq: ATPG) continued falling after Knight Capital Group analyst Vivek Pal said that the company may not have the capital to make interest payments.

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 slipped 3 points to 740.

Greece named former European Central Bank vice president Lucas Papademos to the position of Prime Minister sending the markets soaring to a sharply higher close with the Dow jumping 259 points to 12,153. Nasdaq surged 53 points to 2678.

On the upside

TheStreet listed Rite Aid (NYSE: RAD) as one of eleven stocks trading under $11 with great long term potential.  


OfficeMax (NYSE: OMX) began offering Black Friday deals today and will announced new deals every Friday until December 16. 


Shares of Mitek Systems (Nasdaq: MITK) rose ahead of its earnings release Monday after market close.

On the downside


Bio-Reference Laboratories (Nasdaq: BRLI) will repurchase up to 1 million shares of common stock.


The Food and Drug Administration issued a complete response letter to Alimera Sciences (Nasdaq: ALIM) for its diabetic macular edema treatment Iluvien and requested two additional clinical trials of the treatment.   

Kennedy-Wilson Holdings (NYSE: KW) priced its offering of 6 million common shares at the discounted price of $11 per share.

In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 19 points to 744.

A gain in consumer sentiment lifted the markets higher during the midday with the Dow surging 266 points to 12,160. Nasdaq leaped 54 points to 2679.

On the upside

Cemex (NYSE: CX) announced yesterday that it will sell assets to raise capital to meet financial covenants.  


Analysts expect Beazer Homes (NYSE: BZH) to report narrower fourth quarter losses next week. 


ServiceSource (Nasdaq: SREV) widened third quarter losses but revenue rose to beat expectations and the company lifted its full year revenue guidance.

On the downside


Signal Watch issued a research report saying that Alcatel-Lucent (NYSE: ALU) will face challenges due to global economic weakness.


Third quarter earnings climbed for Dillard's (NYSE: DDS) but gross margin held steady.   

DR Horton (NYSE: DHI) swung to a profit for the fourth quarter but the results fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 743.

Austerity measures were approved by the Italian Senate to lift the markets to a sharply higher open with the Dow leaping 225 points to 12,119. Nasdaq soared 37 points to 2662.

On the upside

Disney (NYSE: DIS) reported higher fourth quarter earnings and revenue that beat analyst expectations.  


Corning (NYSE: GLW) will trade ex-dividend on Monday, November 14, 2011. 


Shares of Netlist (Nasdaq: NLST) continued climbing after reporting a narrower loss for the third quarter yesterday.

On the downside


Renren (NYSE: RENN) swung to a loss for the third quarter as expenses surged and the company forecast fourth quarter results below estimates.


Molycorp (NYSE: MCP) reversed year ago losses to post a profit for the third quarter but the results missed estimates.   

Knight Capital Group analyst Vivek Paul said that ATP Oil & Gas (NYSE: ATPG) may not have the cash to make interest payments on debt.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 1 on the NYSE and by 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 13 points to 739.

Optimism that economist Mario Monti will replace Premier Silvio Berlusconi lifted that markets to a sharply higher close with the Dow soaring 112 points to 11,893. Nasdaq rose 3 points to 2625.

On the upside

Viacom (NYSE: VIAB) reported sharply higher fourth quarter earnings that tripled and increased its stock repurchase plan to $10 billion.  


Brean Murray Carret & Co. analysts said that their $98 price target for Cabot Oil & Gas (NYSE: COG) appeared conservative. 


Aegean Marine Petroleum (NYSE: ANW) slipped to a loss for the third quarter but the results were better than expected.

On the downside


Computer Sciences (NYSE: CSC) blamed significant charges for swinging to a loss for the second quarter and cut its full year outlook.


Shares of IntraLinks (NYSE: IL) continued falling after reporting third quarter earnings below estimates and forecasting fourth quarter results that fell short of expectations.   

Quad/Graphics (NYSE: QUAD) reported higher third quarter earnings but the results missed estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 725.

Standard & Poor's affirmed its AAA rating for France to lift the markets higher during the midday with the Dow climbing 92 points to 11,873. Nasdaq added 2 points to 2624.

On the upside

Flotek Industries (NYSE: FTK) reversed year ago losses to post a better than expected profit for the third quarter as revenue nearly doubled.  


Heckmann (NYSE: HEK) swung to a profit for the third quarter as revenue surged. 


EnerSys (NYSE: ENS) reported higher second quarter earnings as revenue rose.

On the downside


Rising crude oil prices weighed down shares of Delta Air Lines (Nasdaq: DAL).


Delta Petroleum (Nasdaq: DPTR) swung to a loss for the third quarter and may consider filing for bankruptcy protection.   

Silver Standard Resources (Nasdaq: SSRI) swung to a third quarter profit but disclosed that its mineral resources and reserve at the Pirquitas mine in Argentina fell.

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 9 points to 728.

A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow rising 44 points to 11,825. Nasdaq lost 10 points to 2611.

On the upside

A Seeking Alpha article listed Power-One (Nasdaq: PWER) as one of ten oversold stocks with solid operating margins.  


Sprint Nextel (NYSE: S) closed private offerings on $4 billion in notes. 


First quarter earnings slipped for Cisco (Nasdaq: CSCO) but the results topped expectations and forecast current quarter revenue ahead of estimates.

On the downside


Fourth quarter earnings for Green Mountain Coffee Roasters (Nasdaq: GMCR) nearly tripled but revenue fell short of analyst expectations.


Melco Crown Entertainment (Nasdaq: MPEL) reported sharply higher third quarter earnings but the results missed analyst estimates.   

Radian (NYSE: RDN) reported a modest slip in primary delinquent mortgages but the stock price fell.

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

A surge in Italian bond yields sent the markets into a tailspin with the Dow collapsing 389 points to 11,780. Nasdaq plummeted 105 points to 2621.

On the upside

Credit Suisse analyst Edward Kelly upgraded Rite Aid (NYSE: RAD) to an Outperform rating.  


Barnes & Noble (NYSE: BKS) will present at Liberty Media's annual investor meeting on November 17, 2011. 


Gentiva Health Services (Nasdaq: GTV) presented its strategic operations at the Credit Suisse 2011 Healthcare Conference today.

On the downside


ATP Oil & Gas (Nasdaq: ATPG) narrowed third quarter losses but the stock price dropped.


IntraLinks Holdings (NYSE: IL) swung to a profit for the third quarter but the results fell short of estimates and the company forecast fourth quarter results below expectations.   

Computer Sciences (NYSE: CSC) blamed a significant impairment charge for swinging to a second quarter loss and lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 36 points to 718.

Italian Debt Crisis Sinks Stocks

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The Italian debt crisis renewed fears of a global financial meltdown sending the markets tumbling during the midday with the Dow sinking 233 points to 11,936. Nasdaq plummeted 59 points to 2667.

On the upside

Bargain hunters lifted shares of Targacept (Nasdaq: TRGT), whose stock price plunged yesterday when the company's antidepressant TC-5214 failed a Phase III clinical trial.  


Boston Scientific's (NYSE: BSX) CRE Wireguided Balloon Dilator received a new expanded indication to extract gallstones. 


Office Depot (NYSE: ODP) board director Scott Hedrick purchased 50,000 shares of company stock. 

On the downside


Alaska Communications (Nasdaq: ALSK) reported a wider than expected loss for the third quarter.


Third quarter earnings plunged for Stec (Nasdaq: STEC) and the company forecast fourth quarter results below expectations.   

Maidenform Brands (NYSE: MFB) disappointed with sharply lower third quarter earnings that fell short of expectations and forecast current quarter results below estimates prompting downgrades.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 20 points to 734.

Italian bond yields surged to send the markets tumbling to a sharply lower open with the Dow plummeting 291 points to 11,878. Nasdaq sank 72 points to 2654.

On the upside

The Food and Drug Administration will study the safety of pharmacy compounded versions of K-V Pharmaceuticals' (Nasdaq: KVA) pre-term birth treatment Makena.  


KIT Digital (Nasdaq: KITD) reversed year ago losses to post a profit for the third quarter as revenue more than doubled. 


Universal Display (Nasdaq: PANL) swung to a third quarter profit as revenue more than tripled. 

On the downside


Rovi (Nasdaq: ROVI) reported sharply lower third quarter earnings as expenses soared.


Adobe Systems (Nasdaq: ADBE) will eliminate 750 jobs and cut its fourth quarter earnings guidance.   

Hyperdynamics (NYSE: HDY) widened first quarter losses more than expected.

In the broad market, declining issues outpaced advancers by a margin of more than 15 to 1 on the NYSE and by nearly 9 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 20 points to 734.

Reports that Italian Premier Silvio Berlusconi will resign lifted the markets to a sharply higher close with the Dow soaring 101 points to 12,170. Nasdaq surged 32 points to 2727.

On the upside

The Food and Drug Administration granted Fast Track status to Opexa Therapeutics' (Nasdaq: OPXA) multiple sclerosis treatment Tovaxin.  


Iridium Communications (Nasdaq: IRDM) reported higher third quarter earnings along with record revenue prompting the company to lift its full year guidance. 


Third quarter earnings surged for DealerTrack Holdings (NYSE: TRAK) to surpass analyst expectations by a wide margin and the company raised its full year forecast. 

On the downside


QuinStreet (Nasdaq: QNST) reported lower first quarter earnings and revenue prompting the online marketing services firm to cut its full year revenue guidance.


James River Coal (Nasdaq: JRCC) swung to a loss for the third quarter as expenses soared.   

First quarter earnings tumbled for WMS Industries (NYSE: WMS) to fall short of expectations as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 10 points to 755.

The markets advanced during the midday with the Dow rising 51 points to 12,119 after the Italian Parliament approved budget reforms. Nasdaq gained 18 points to 2714.

On the upside

Republic Airways (Nasdaq: RJET) confirmed its order to purchase 80 Airbus aircraft.  


Rackspace (NYSE: RAX) reported sharply higher third quarter earnings as revenue soared prompting an upgrade. 


Standard & Poor's will replace Varian Semiconductor (Nasdaq: VSEA), which is being acquired by Applied Materials (Nasdaq: AMAT), with Signet Jewelers (NYSE: SIG) on its S&P MidCap 400 Index. 

On the downside


Robert W. Baird downgraded Vertex Pharmaceuticals (Nasdaq: VRTX) to a Neutral rating.


Exide Technologies (Nasdaq: XIDE) disappointed by slipping to a loss for the second quarter.   

Second quarter earnings slipped for GT Advanced Technologies (Nasdaq: GTAT) and the company forecast disappointing current quarter results.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 747.

The markets opened higher with the Dow adding 8 points to 12,076 as the Italian Parliament prepared to vote on budget reforms. Nasdaq rose 17 points to 2712.

On the upside

McCormick & Schmick's (Nasdaq: MSSR) swung to a wider than expected loss for the third quarter and withdrew its previous outlook but the restaurant operator reported upbeat sales trends at its remodeled restaurants.  


Bargain hunters lifted shares of Dynegy (NYSE: DYN), whose stock price fell yesterday after announcing the bankruptcy filing of one of its subsidiaries. 


MGIC Investment (NYSE: MTG) reported a lower primary delinquent mortgage inventory in October and $1.4 billion in new insurance. 

On the downside


Targacept (Nasdaq: TRGC) reported disappointing results from a late stage clinical trial of its depression treatment TC-5214.


Amylin Pharmaceuticals (NYSE: AMLN) and Eli Lilly ended their partnership over the diabetes drug Byetta with Amylin agreeing to pay Eli Lilly $250 million upfront and up to $1.2 billion in the future for rights to diabetes medications.   

Energy Transfer Partners (NYSE: ETP) announced a public offering of 13.25 million common units.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq.

The markets recovered losses in afternoon trading to close higher with the Dow climbing 85 points to 12,068 as the Greek government worked to finalize a power-sharing agreement. Nasdaq rose 9 points to 2695.

On the upside

HMS Holdings (Nasdaq: HMSY) will pay approximately $400 million to acquire HealthDataInsights.  


Strong box office receipts for DreamWorks Animation's (Nasdaq: DWA) "Puss in Boots" in its second week of release lifted shares of the animation studio. 


Hayman Capital Management fund manager J. Kyle Bass acquired a 4.9% stake in MGIC Investment (NYSE: MTG). 

On the downside


Dynegy (NYSE: DYN) subsidiary Dynegy Holdings will file for Chapter 11 bankruptcy protection.


Cameco (NYSE: CCJ) disappointed with sharply lower third quarter earnings.   

Shares of Optimer Pharmaceuticals (Nasdaq: OPTR) continued falling after reporting a wider third quarter loss last week.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 745.

The markets extended its losses during the midday with the Dow falling 65 points to 11,917 as Italy wrestled with mounting debt. Nasdaq dropped 22 points to 2663.

On the upside

Baird analyst Thomas J. Russo and Canaccord analyst George Farmer both lifted their price targets for Inhibitex (Nasdaq: INHX) citing the sales potential of the company's experimental hepatitis C treatment INX-189.  


American Dental Partners (Nasdaq: ADPI) will be taken private by JLL Partners for approximately $317 million in cash. 


Coeur d'Alene Mines (NYSE: CDE) reversed year ago losses to post a better than expected profit for the third quarter. 

On the downside


Ariad Pharmaceuticals (Nasdaq: ARIA) reported upbeat preliminary results from a clinical trial of its chronic myeloid leukemia treatment ponatinib but the study will not be completed until mid-2012.


Shares of MEMC Electronic Materials (NYSE: WFR) continued falling after the polysilicon company cut its full year outlook.   

Quicksilver Resources (NYSE: KWK) reported higher third quarter earnings but the results fell short of expectations.

In the broad market, declining issues outpaced advancers 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 dropped 13 points to 733.

The markets opened lower with the Dow slipping 18 points to 11,964 as Greece prepared to select a new leader. Nasdaq lost 20 points to 2665.

On the upside

A consortium led by Siris Capital will pay a premium of approximately $780 million in cash to acquire Tekelec (Nasdaq: TKLC).  


Force Protection (Nasdaq: FRPT) agreed to by acquired by General Dynamics (NYSE: GD) for approximately $360 million. The defense contractor also announced that it returned to a better than expected profit for the third quarter. 


Jefferies (NYSE: JEF) reduced its holdings in European debt by half. 

On the downside


OmniVision Technologies (Nasdaq: OVTI) cut its second quarter revenue outlook.


Citigroup downgraded Alcatel-Lucent (NYSE: ALU) to a Sell rating.   

Concerns that Diamond Foods' (NYSE: DMND) acquisition of the Pringles brand from Proctor & Gamble sank shares of the snack foods company.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 744.

The Group of 20 wealthiest nations refused to provide financial assistance to Europe sending the markets down to a lower close with the Dow falling 61 points to 11,983. Nasdaq dropped 11 points to 2686.

On the upside

Ultra Petroleum (NYSE: UPL) reported lower third quarter earnings but the results beat analyst expectations.  


Plains Exploration & Production (NYSE: PXP) swung to a loss for the third quarter but the results were better than expected and the company sold some assets in Texas for approximately $785 million. 


MedAssets (Nasdaq: MDAS) slipped to a third quarter loss but the results topped estimates and the hospital software firm forecast full year results ahead of expectations. 

On the downside


A Seeking Alpha contributor warned that Renren (Nasdaq: RENN) unit Nuomi may disappoint with a wider loss.


Fluor (NYSE: FLR) reversed year ago losses to post a profit for the third quarter but the results fell short of expectations and the engineering and construction company forecast full year results below estimates.   

Live Nation Entertainment (NYSE: LYV) disappointed with lower third quarter earnings as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 746.

Markets Lower On Mixed Jobs Data

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The markets traded lower during the midday with the Dow dropping 84 points to 11,959 as private employers added jobs in October while the government eliminated positions. Nasdaq fell 10 points to 2687.

On the upside

Shares of Groupon (Nasdaq: GRPN) surged on its first trading day.  


Third quarter earnings fell for Genworth Financial (NYSE: GNW) but the results topped analyst estimates. 


Suntech Power (NYSE: STP) denied reports that it was considering selling itself to LG Electronics. 

On the downside


Central European Distribution (Nasdaq: CEDC) disappointed with lower third quarter earnings that fell far short of analyst expectations and cut its full year outlook.


Chesapeake Energy (NYSE: CHK) reported sharply higher third quarter earnings and revenue that beat analyst expectations but the company must sell part of its holdings in the Utica Shale in order to raise funds for its drilling programs.   

Third quarter earnings rose for MasTec (NYSE: MTZ) but the company forecast fourth quarter results well below expectations.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 747.

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The Greek parliament will conduct a confidence vote for Prime Minister George Papandreou sending the markets down to a lower open with the Dow plummeting 170 points to 11,873. Nasdaq plunged 39 points to 2658.

On the upside

Inhibitex (Nasdaq: INHX) reported a loss for the third quarter that was narrower than expected and announced upbeat trial data for its hepatitis C treatment INX-189.  


Openwave Systems (Nasdaq: OPWV) reported higher first quarter earnings that surpassed analyst expectations and announced a patent licensing agreement with Microsoft (Nasdaq: MSFT). 


Clearwire (Nasdaq: CLWR) narrowed third quarter losses as revenue rose and subscribers increased by 1.86 million. 

On the downside


Seattle Genetics (Nasdaq: SGEN) widened third quarter losses as expenses rose prompting a downgrade.


Alcatel-Lucent (NYSE: ALU) reported lower third quarter revenue that fell short of expectations and warned of lower revenue in the fourth quarter.   

SandRidge Energy (NYSE: SD) reported an unexpected profit for the third quarter but lowered its production outlook for the year.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 10 points to 741.

Optimism that Greece may abandon its proposed referendum sent the markets soaring to a sharply higher close with the Dow jumping 208 points to 12,044. Nasdaq leaped 57 points to 2697.

On the upside

Tenaris (NYSE: TS) reported higher third quarter earnings as revenue climbed.  


Third quarter earnings surged for MercadoLibre (Nasdaq: MELI) to surpass analyst expectations by a wide margin. 


Lamar Advertising (Nasdaq: LAMR) reported higher third quarter earnings and forecast fourth quarter results ahead of estimates. 

On the downside


Transocean (NYSE: RIG) blamed a foreign exchange loss, impairment charges and legal fees stemming from the Deep Horizon oil spill for swinging to a loss for the third quarter.


MEMC Electronic Materials (NYSE: WFR) swung to a third quarter loss that fell short of analyst expectations and forecast current quarter earnings below estimates.   

Kellogg (NYSE: K) disappointed with lower third quarter earnings that missed expectations and forecast full year results that fell short of estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 18 points to 751.

The markets surged during the midday with the Dow soaring 139 points to 11,975 over hopes that Greece will abandon efforts for a referendum on the bailout plan. Nasdaq climbed 34 points to 2674.

On the upside

Third quarter earnings for Alpha Natural Resources (NYSE: ANR) more than doubled to beat expectations as the company's acquisition of Massey Energy boosted revenue.  


ING (NYSE: ING) reported higher third quarter earnings and announced the elimination of 2,700 positions. 


Valeant Pharmaceutical (NYSE: VRX) reversed year ago losses to post a profit for the third quarter and announced a $1.5 billion convertible notes repurchase plan. 

On the downside


Shares of Career Education (Nasdaq: CECO) continued falling after the for profit educator reported sharply lower third quarter earnings Tuesday after market close.


Jefferies Group (NYSE: JEF) clarified that it had minimal exposure to European sovereign debt but the stock price continued to fall.   

Frontier Communications (NYSE: FTR) disappointed with lower third quarter earnings as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 741.

Drop In Mortgage Rate Lifts Markets

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A drop in the 30-year mortgage rate lifted the markets to a higher open with the Dow gaining 82 points to 11,918. Nasdaq rose 7 points to 2647.

On the upside

Medivation (Nasdaq: MDVN) reported positive interim results from a Phase 3 AFFIRM trial of its prostate cancer treatment MDV3100.  


Fourth quarter earnings climbed for Qualcomm (Nasdaq: QCOM) to top analyst estimates and the chipmaker forecast 2012 results ahead of expectations. 


Aeropostale (NYSE: ARO) boosted its third quarter earnings guidance as gross margins improved. 

On the downside


Dendreon (Nasdaq: DNDN) widened third quarter losses even as revenue more than tripled and warned of slower than expected sales growth for its prostate cancer treatment Provenge.


MGM Resorts International (NYSE: MGM) narrowed third quarter losses but revenue fell short of expectations.   

Abercrombie & Fitch (NYSE: ANF) reported higher third quarter revenue but warned of slowing international sales .

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 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 730.

The addition of 103,000 jobs in September boosted investor sentiment to lift the markets to a sharply higher close with the Dow jumping 178 points to 11,836. Nasdaq surged 33 points to 2639.

On the upside

Shares of Leap Wireless (Nasdaq: LEAP) and MetroPCS (NYSE: PCS) rose after the House of Representatives froze state and local taxes on cellphones and wireless services for five years.  


Third quarter earnings for Pioneer Natural Resources (NYSE: PXD) more than tripled to surpass analyst expectations by a wide margin as revenue surged. 


Shares of Forest Oil (NYSE: FST) continued rising after reporting upbeat third quarter results and completing the spinoff of Lone Pine Resources. 

On the downside


Lloyds Banking Group (NYSE: LYG) chief executive Antonio Horta-Osorio will take a medical leave of absence.


Becton, Dickinson and Company (NYSE: BDX) reported higher fourth quarter earnings and revenue but the company forecast 2012 results below estimates.   

TRW Automotive (NYSE: TRW) disappointed with lower third quarter earnings as expenses rose.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 19 points to 733.

Employment rose in the nation's service sector to lift the markets higher during the midday with the Dow soaring 181 points to 11,839. Nasdaq climbed 28 points to 2635.

On the upside

Quanta Services (NYSE: PWR) reported lower third quarter earnings but the results surpassed analyst estimates. The company also announced that TransCanada selected its Price Gregory Services unit to build 1,179 miles of pipeline from Hardisty, Alberta to Steele City, Nebraska.  


A Seeking Alpha article said that Glu Mobile (Nasdaq: GLUU) has much upside potential. 


Silicon Motion (Nasdaq: SIMO) reported sharply higher third quarter earnings and revenue that beat analyst expectations by a wide margin. 

On the downside


Third quarter earnings rose for Open Table (Nasdaq: OPEN) but revenue fell short of expectations prompting a downgrade.


Wright Medical Group (Nasdaq: WMGI) blamed restructuring charges for swinging to a third quarter loss.   

Shares of Amarin (Nasdaq: AMRN) continued falling after the Patent Office issued a non-final rejection of the company's lipid lowering medication AMR101 last week.

In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 15 points to 729.

Higher Open On Upbeat Jobs Data

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Upbeat jobs data lifted the markets to a higher open with the Dow soaring 174 points to 11,832. Nasdaq climbed 27 points to 2634.

On the upside

Huntsman (NYSE: HUN) swung to a loss for the third quarter due to restructuring charges but the results were better than expected.  


hhgregg (NYSE: HGG) reported sharply higher second quarter earnings that beat analyst expectations as revenue climbed. 


EOG Resources (NYSE: EOG) reversed year ago losses to post a better than expected profit for the third quarter. 

On the downside


Third quarter earnings plunged for Career Education (Nasdaq: CECO) as new student enrollment tumbled and chief executive officer Gary McCullough resigned.


Northland Securities downgraded Diamond Foods (Nasdaq: DMND) after the company delayed its acquisition of the Pringles brand from Proctor & Gamble (NYSE: PG) due to an internal accounting investigation.   

Vonage (NYSE: VG) reported sharply higher third quarter earnings but revenue fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 11 points to 725.

Markets Dive Over Greek Referendum

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Fears that Greek citizens will vote down the European rescue plan sent the markets into a tailspin with the Dow diving 297 points to 11,657. Nasdaq plunged 77 points to 2606.

On the upside

Forest Oil (NYSE: FST) reported lower third quarter earnings but the results were in line with expectations.  


Corinthian Colleges (Nasdaq: COCO) swung to a first quarter loss but the for profit educator forecast current quarter and full year results ahead of estimates. 


BB&T (NYSE: BBT) will pay approximately $301 million to acquire BankAtlantic (NYSE: BBX) assets. 

On the downside


Mad Money's Jim Cramer rated Qihoo 360 Technology (NYSE: QIHU) a Sell.


A Seeking Alpha article said that Renren (NYSE: RENN) was overvalued.   

Gaylord Entertainment (NYSE: GET) narrowed losses for the third quarter but the results missed estimates.

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap plummeted 27 points to 713.

Markets Sink Over Greek Referendum

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The markets extended its losses during the midday with the Dow collapsing 222 points to 11,732 over concerns that Greece will vote down the European rescue plan. Nasdaq sank 60 points to 2623.

On the upside

Yahoo (Nasdaq: YHOO) will pay a premium of approximately $270 million to acquire Interclick (Nasdaq: ICLK).  


American Tower (NYSE: AMT) swung to a loss for the third quarter but revenue climbed and the company lifted its full year guidance. 


Third quarter earnings surged for Akorn (Nasdaq: AKRX) as revenue soared. 

On the downside


Shares of Governor and Company of The Bank of Ireland (NYSE: IRE) and ING (NYSE: ING) tumbled after Greece announced a referendum on the European bailout plan.


Third quarter earnings for General Cable (NYSE: BGC) plunged to fall far short of analyst expectations and the company forecast current quarter revenue below estimates.   

Amedisys (Nasdaq: AMED) swung to a wider than expected loss for the third quarter and lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap plunged 17 points to 723.

Plans by Greece to allow citizens to vote on new austerity measures sent the markets tumbling to a sharply lower open with the Dow plummeting 185 points to 11,769. Nasdaq plunged 51 points to 2633.

On the upside

Radian Group (NYSE: RDN) reported higher third quarter earnings as loan loss provisions fell and new mortgage written insurance rose.  


Leap Wireless (Nasdaq: LEAP) narrowed third quarter losses as new subscribers increased. 


HSBC Securities upgraded AU Optronics (NYSE: AUO) to an Overweight rating. 

On the downside


Investors locked in profits on Sify Technologies (Nasdaq: SIFY), whose stock price surged yesterday after reporting upbeat earnings on Friday.


The Food and Drug Administration and Exelixis (Nasdaq: EXEL) failed to agree on special protocols for a late stage clinical trial of the prostate cancer treatment cabozantinib.   

Baker Hughes  (NYSE: BHI) reported sharply higher third quarter earnings as revenue surged but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by 8 to 1 on Nasdaq. The Russell 2000 which tracks small cap sank 17 points to 723.

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