February 2012 Archives

Disappointment that the Federal Reserve will not infuse the economy with additional funds weighed the markets down to a lower open with the Dow losing 53 points to 12,952. Nasdaq fell 19 points to 2966.

On the upside

Costs related to the spin-off of two business units weighed ITT (NYSE: ITT) down to a fourth quarter loss but revenue climbed. 

Fourth quarter earnings slipped for CenterPoint Energy (NYSE: CNP) but the results topped analyst estimates.

 

Carter's (NYSE: CRI) reported fourth quarter earnings that surpassed analyst expectations by a wide margin.


On the downside


Fourth quarter earnings rose for Spreadtrum Communications (Nasdaq: SPRD) but the company forecast first quarter revenue below analyst expectations.   


Vocus (Nasdaq: VOCS) will acquire email marketer iContact in a deal valued at approximately $179 million. 

  

CEDC (Nasdaq: CEDC) widened fourth quarter losses warned that the vodka maker had insufficient funds to repay debt.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 12 points to 810.

Markets Flat As Bernanke Testifies

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The markets traded flat during the midday with the Dow adding 3 points to 13,008 as Federal Reserve Chairman Ben Bernanke testifies before Congress today and tomorrow. Nasdaq eased a fraction to 2985.

On the upside

Nektar Therapeutics (Nasdaq: NKTR) will sell the future royalties for its Crohn's disease treatment Cimzia and its chronic kidney disease medication Mircera for $124 million. 

Monday's upbeat pending home sales report lifted shares of D. R. Horton (NYSE: DHI), Lennar (NYSE: LEN) and PulteGroup (NYSE: PHM).

 

Collective Brands (NYSE: PSS) widened fourth quarter losses but the results were  better than expected.


On the downside


First Solar (Nasdaq: FSLR) blamed a significant accounting charge for falling to an unexpected loss for the fourth quarter and cut its revenue outlook for 2012.   


The Transportation Department delayed rules that required rearview video cameras in new cars weighing down shares of auto mirror maker Gentex (Nasdaq: GNTX). 

  

Speculation that Argentina may nationalize YPF (NYSE: YPF) sank shares of the oil and gas company.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 5 to 3 to on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 819.

The nation's economy grew at a stronger than expected 3% annual rate in the fourth quarter to lift the markets to a higher open with the Dow rising 15 points to 13,020. Nasdaq added 5 points to 2992.

On the upside

Cowen & Co. said that if the Food and Drug Administration approved Vivus' (Nasdaq: VVUS) obesity treatment Qnexa, the stock price could soar to $40 per share. 

Robert W. Baird upgraded Cerus (Nasdaq: CERS).

 

GenOn Energy (NYSE: GEN) swung to a profit for the fourth quarter.


On the downside


SodaStream International (Nasdaq: SODA) reported higher fourth quarter earnings and revenue but the stock price fell as investors locked in profits.   


Staples (Nasdaq: SPLS) reported higher fourth quarter earnings that topped analyst estimates but the company warned of slowing growth in 2012. 

  

Kodiak Oil & Gas (NYSE: KOG) unexpectedly widened fourth quarter losses due to higher expansion expenses.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 to on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 826.

Falling crude oil prices along with rising consumer confidence lifted the markets to a higher close with the Dow gaining 23 points to 13,005. Nasdaq climbed 20 points to 2986.

On the upside

Chemtura (NYSE: CHMT) swung to a profit for the fourth quarter. 

eResearch Technology (Nasdaq: ERT) reported higher fourth quarter earnings that beat analyst expectations.

 

SunTrust upgraded Berry Petroleum (Nasdaq: BRY) to a Buy rating.


On the downside


Vivus (Nasdaq: VVUS) will sell 8.5 million shares of common stock.   


Career Education (NYSE: CECO) fell to a fourth quarter loss and will delay recruiting a new chief executive. 

  

Sprint Nextel (NYSE: S) abandoned plans to acquire MetroPCS Communications (NYSE: PCS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 to on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 823.

A gain in consumer confidence lifted the markets during the midday with the Dow rising 21 points to 13,003. Nasdaq gained 17 points to 2984.

On the upside

Tibet Pharmaceuticals (Nasdaq: TBET) agreed to be taken private by chief executive and chairman Hong Yu for a premium of $3 per share in cash. 

Domino's Pizza (NYSE: DPZ) reported higher fourth quarter earnings that topped analyst estimates as revenue climbed.

 

Fourth quarter earnings more than doubled for Zagg (Nasdaq: ZAGG) to surpass analyst expectations.


On the downside


Cablevision Systems (NYSE: CVC) reported sharply lower fourth quarter earnings even as revenue rose to top estimates.   


Rowan (NYSE: RDC) disappointed with lower fourth quarter earnings and announced plans to move its corporate headquarters to the United Kingdom. 

  

Southwestern Energy (NYSE: SWN) reported higher fourth quarter earnings but the results missed expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by nearly 5 to 4 to on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 826.

The markets opened higher with the Dow rising 26 points to 13,008 even as durable goods orders dropped. Nasdaq gained 18 points to 2985.

On the upside

Alimera Sciences (NYSE: ALIM) announced the positive outcome of the Decentralized Procedure for its sustained release diabetic macular edema treatment ILUVIEN in Europe. 

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

 

Office Depot (NYSE: ODP) swung to a better than expected profit for the fourth quarter.


On the downside


Pacific Ethanol (Nasdaq: PEIX) reported a wider than expected loss for the fourth quarter.   


Apollo Group (Nasdaq: APOL) lowered its new student enrollment numbers for the second quarter and cut its operating profit for the year. 

  

Credit Suisse downgraded Thompson Creek (NYSE: TC) to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 to on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 826.

Flat Close As Oil Prices Retreat

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The markets closed flat with the Dow slipping a point to 12,981 as oil prices retreated. Nasdaq added 2 points to 2966.

On the upside

A Seeking Alpha contributor expected Discovery Laboratories' (NYSE: DSCO) Surfaxin to be approved by the Food and Drug Administration. 

Cooper Tire & Rubber (NYSE: CTB) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.

 

Valeant Pharmaceuticals (NYSE: VRX) swung to a better than expected profit for the fourth quarter.


On the downside


MicroVision (Nasdaq: MVIS) narrowed fourth quarter losses as revenue climbed but the results fell short of expectations.   


Dril-Quip (NYSE: DRQ) reported higher fourth quarter earnings but the stock price fell. 

  

Standard Register (NYSE: SR) widened fourth quarter losses by a wide margin as revenue dropped.

In the broad market, declining issues were on par with advancers on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 826.

An unexpected gain in pending home sales lifted the markets higher during the midday with the Dow rising 25 points to 13,008. Nasdaq gained 8 points to 2971.

On the upside

Cemex (NYSE: CX) commenced an exchange offer for Euro-denominated notes and Perpetual Debentures for new senior notes in Dollars or Euros. 

Transocean (NYSE: RIG) widened fourth quarter losses due to a goodwill impairment charge and estimated losses for the Deepwater Horizon oil spill but revenue climbed to top estimates.

 

Whirlpool (NYSE: WHR) will begin trading ex-dividend on Wednesday, February 29.


On the downside


Fourth quarter earnings plunged for Quicksilver (NYSE: KWK) to fall short of estimates and the company warned of lower production in 2012.   


Balchem (Nasdaq: BCPC) disappointed with flat fourth quarter earnings that missed expectations by a wide margin. 

  

Shares of Hewlett-Packard (NYSE: HPQ) fell after Goldman Sachs lowered its June quarter shipment forecast for PCs.

In the broad market, declining issues were on par with advancers on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 827.

Lower Open As Gasoline Prices Climb

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Rising gasoline prices weighed the markets down to a lower open with the Dow falling 48 points to 12,934. Nasdaq lost 10 points to 2953.

On the upside

The bankruptcy filing of Elpida Memory lifted shares of rival dynamic random-access memory chip maker Micron Technology (Nasdaq: MU). 

Shares of Pacific Ethanol (Nasdaq: PEIX) climbed ahead of its earnings release after market close.

 

ATP Oil & Gas (Nasdaq: ATPG) reported that first oil production at its fourth well at the Telemark Hub met expectations and that production rate will increase.


On the downside


Dendreon (Nasdaq: DNDN) swung to a profit for the fourth quarter but warned of significant charges in the first quarter.   


Nokia (NYSE: NOK) denied rumors that the company was engaged in discussions to merge with Microsoft (Nasdaq: MSFT). 

  

Full year earnings climbed for HSBC Holdings (NYSE: HBC) but losses in the United State widened.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 820.

The major indices finished higher for the week even though the Dow slipped a point to close at 12,982.  Investors were mostly optimistic about a higher consumer sentiment reading even though higher oil prices may temper economic growth.  Nasdaq climbed 6 points at 2963.

On the upside

Proto Labs (Nasdaq: PRLB) surged 80% higher on its first day of trading.  The custom parts manufacturer raised $70 million at $16 a share, then closed at $29 a share.

Bazaarvoice (NYSE: BV) became the latest social media company to make a successful debut.  The social media platform for businesses raised $114 million and climbed more than 40%.

Oil-related stocks rose along with higher oil prices.  Shares of Chevron Corporation (NYSE: CVX) and Royale Energy (Nasdaq: ROYL) climbed higher.

On the downside


Shares of Marvel Technology (Nasdaq: MARV) fell after the chip maker posted lower profits and warned about its outlook.

Cobra Electronics (Nasdaq: COBR) reported higher 4th quarter sales and profits that were hurt by a customer unexpectedly filing for bankruptcy.

Celldex Therapeutics (Nadaq: CLDX) filed to sell 10.5 million shares at $3.85 a share, and the price of the stock promptly followed suit.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 3 on the NYSE while being outpaced by a margin of 4 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks closed at 826, down 2 points.

The markets opened higher with the Dow adding 16 points to reach the 13,000 point threshold as consumer sentiment rose to its highest level in a year . Nasdaq gained 8 points to 2964.

On the upside

Salesforce.com (NYSE: CRM) posted a 4th quarter loss to account for one-time compensation charges, but also reported higher revenues that beat expectations.

AIG (NYSE: AIG) posted $19.8 billion profit in the 4th quarter due to a tax benefit.  A stock price of $29 a share means the U.S. government's holdings in the insurer is at break even.

Chelsea Therapeutics (Nasdaq: CHTP) received the nod from a Food and Drug Administration advisory committee for its drug treatment of neurological diseases.  The stock surged more than 50%.

Shares of Vivus (Nasdaq: VVUS) extended its gains after a Food and Drug Administration advisory committee recommended approval for the company's obesity treatment Qnexa.

On the downside


Rubicon Technologies (Nasdaq: RBCN) posted sharply lower 4th quarter profits and lowered its guidance for its current quarter to a loss.  The company makes electronic components.

4th quarter sales and profits at Deckers Outdoor (Nasdaq: DECK) rose, but the footwear maker warned about rising costs.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and were even on Nasdaq. The Russell 2000 which tracks small cap stocks down a fraction at 828.

An increase in consumer confidence lifted the markets to a higher close with the Dow gaining 46 points to 12,984. Nasdaq climbed 23 points to 2956.

On the upside

Sprint (NYSE: S) introduced its New Ventures to assist its partners improve efficiency while lowering costs and increasing revenue. 

Exterran Holdings (NYSE: EXH) narrowed fourth quarter losses more than expected.

 

Dillard's (NYSE: DDS) reported sharply higher fourth quarter earnings that surpasses analyst expectations by a wide margin.


On the downside


Shares of First Solar (Nasdaq: FSLR), Suntech Power (NYSE: STP) and Trina Solar (NYSE: TSL) all tumbled after Germany announced cuts to solar subsidies.   


Polypore International (NYSE: PPO) reported higher fourth quarter earnings but the results fell short of estimates. 

  

Fourth quarter earnings dropped for Kohl's (NYSE: KSS) and the retailer forecast current quarter and full year results below expectations.

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 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 12 points to 829.

Consumer confidence rose last week to lift the markets higher during the midday with the Dow rising 22 points to 12,961. Nasdaq gained 10 points to 2943.

On the upside

Sears Holdings (Nasdaq: SHLD) swung to a fourth quarter loss but the retailer announced that it will sell eleven General Growth Properties for $270 million. 

Fourth quarter earnings soared for Denbury Resources (NYSE: DNR) to surpass analyst expectations by a wide margin.

 

Morgan Stanley upgraded Level 3 (NYSE: LVLT) to an Overweight rating.


On the downside


NII Holdings (Nasdaq: NIH) disappointed by falling to a loss for the fourth quarter.   


GrafTech International (NYSE: GTI) reported lower fourth quarter earnings that missed estimates. 

  

HomeAway (Nasdaq: AWAY) reported a loss for the fourth quarter and forecast current quarter revenue below expectations.

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 9 points to 825.

The markets opened higher with the Dow adding 21 points to 12,960 as jobless claims held steady at the lowest level since the recession. Nasdaq rose 5 points to 2939.

On the upside

A Food and Drug Administration advisory committee recommended approval for Vivus' (Nasdaq: VVUS) obesity treatment Qnexa. The news also lifted rivals Arena Pharmaceuticals (Nasdaq: ARNA) and Orexigen Therapeutics (Nasdaq: OREX). 

A district judged ruled that only BP (NYSE: BP) and Andarko Petroleum (NYSE: APC), not Transocean (NYSE: RIG), were responsible parties in the Deepwater Horizon oil spill.

 

MetroPCS (NYSE: PCS) impressed with sharply higher fourth quarter earnings that surpassed analyst expectations.


On the downside


Genco Shipping (NYSE: GNK) priced its offering of 7.5 million common shares at the discounted price of $7.10 per share.   


Safeway (NYSE: SWY) blamed higher commodity expenses for lower fourth quarter earnings. 

  

Hewlett-Packard (NYSE: HPQ) disappointed with sharply lower fourth quarter earnings and forecast current quarter results below analyst estimates.

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 added 2 points to 819.

Lower Close On Greece's Downgrade

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A downgrade of Greece's credit rating weighed the markets down to a lower close with the Dow slipping 27 points to 12,938. Nasdaq lost 15 points to 2933.

On the upside

FuelCell Energy (Nasdaq: FCEL) will form a join venture with Fraunhofer to develop the market in Europe for Direct FuelCell stationary power plants. 

Fourth quarter earnings for Community Health Systems (NYSE: CYH) tumbled due to charge but the results were better than expected.

 

Bargain hunters lifted shares of Weatherford International (NYSE: WFT), whose stock price plunged yesterday after the company announced that it must restate financials going back to 2008 and possibly earlier.


On the downside


Central European Media Enterprises (Nasdaq: CETV) widened fourth quarter losses even as revenue rose.   


DealerTrack Holdings (Nasdaq: TRAK) reversed year ago losses to post profit for the fourth quarter but the company forecast 2012 results below analyst expectations. 

  

Shares of National Bank of Greece (NYSE: NBG) dropped after Fitch downgraded Greece's credit rating.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 816.

Markets Slip On Greece Downgrade

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The markets reacted to Fitch's downgrade of Greece by trading lower during the midday with the Dow losing 36 points to 12,929. Nasdaq fell 15 points to 2932.

On the upside

Nabors Industries (NYSE: NBR) fell to a loss for the fourth quarter but the results were better than expected. 

Gannett (NYSE: GCI) announced a revitalization plan to increase revenue.

 

Fourth quarter earnings slipped for Sourcefire (Nasdaq: FIRE) but the results were better than expected.


On the downside


NorthStar Realty Finance (NYSE: NRF) priced its public offering of 15 million common shares at the discounted price of $5.55 per share.   


Analysts expect Human Genome Sciences (Nasdaq: HGSI) to report a loss for the fourth quarter. 

  

Forest Oil (NYSE: FST) disappointed with sharply 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 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 817.

Greece Downgraded, Markets Open Lower

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Fitch Ratings downgraded Greece even further to indicate that the beleaguered country had a high likelihood of defaulting. The markets opened lower with the Dow slipping 6 points to 12,959 while Nasdaq lost 2 points to 2945.

On the upside

Chico's FAS (NYSE: CHS) reported higher fourth quarter earnings that topped analyst estimates as revenue rose. 

Fourth quarter earnings climbed for Garmin (Nasdaq: GRMN) to surpass analyst expectations by a wide margin.

 

Shares of Threshold Pharmaceuticals (Nasdaq: THLD) continued rising after reporting upbeat results from a midstage clinical trial of its pancreatic cancer treatment TH-302 yesterday.


On the downside


Yingli Green Energy (NYSE: YGE) warned that shipments in the fourth quarter will be lower than expected.   


Dell (Nasdaq: DELL) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast current quarter revenue below estimates. 

  

Newfield Exploration (NYSE: NFX) reported fourth quarter earnings that analyst estimates prompting downgrades.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 823.

The markets closed mixed with the Dow adding 15 points to 12,965 over concerns that the Greek economy will remain in a prolonged recession. Nasdaq slipped 3 points to 2948.

On the upside

Shareholders approved the merger of Eldorado Gold (NYSE: EGO) with European Goldfields. 


FuelCell Energy (Nasdaq: FCEL) rose on speculation that the company may supply fuel cells for Apple's (Nasdaq: AAPL) solar powered data center in North Carolina.

 

Shares of Polypore International (NYSE: PPO) advanced ahead of its earnings release tomorrow.


On the downside


The Food and Drug Administration suspended drug trials of GTx's (Nasdaq: GTXI) prostate cancer treatment Capesaris due to an increased risk of bloom clots.   


FDATracker.com expects the Food and Drug Administration to reject Vivus' (Nasdaq: VVUS) obesity treatment Qnexa. 

  

Boyd Gaming (NYSE: BYD) narrowed fourth quarter losses but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 823.

Greek Bailout Lifts Markets

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The markets traded modestly higher during the midday with the Dow rising 37 points to 12,993 as investors welcomed the second bailout for Greece. Nasdaq added a fraction to 2952.

On the upside

Hecla Mining (NYSE: HL) reversed year ago losses to post a profit for the fourth quarter. 


A Seeking Alpha contributor listed Trina Solar (NYSE: TSL) as one of five Chinese solar stocks on an upswing.

 

Stillwater Mining (NYSE: SWC) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin.


On the downside


Food and Drug Administration staff recommended denial of approval for Chelsea Therapeutics' (Nasdaq: CHTP) hypotension treatment Northera.   


Rising crude oil prices weighed down shares of Delta Air Lines (NYSE: DAL), United Continental (NYSE: UAL) and U. S. Airways (NYSE: LCC). 

  

RadioShack (NYSE: RSH) disappointed with sharply lower fourth quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of  nearly 5 to 3 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 829.

Greece will receive a second round bailout funds to avert bankruptcy. The markets opened higher with the Dow gaining 43 points to 12,993 while Nasdaq rose 9 points to 2961.

On the upside

The Food and Drug Administration approved Corcept Therapeutics' (Nasdaq: CORT) Korlym to treat high blood sugar in Cushing's Syndrome patients. 


Threshold Pharmaceuticals (Nasdaq: THLD) reported positive results from a Phase 2b clinical trial of its pancreatic cancer treatment TH-302.

 

Genomma Lab Internacional made a non-binding offer to acquire Prestige Brands (NYSE: PBH) in deal valued at approximately $834 million.


On the downside


Weatherford International (NYSE: WFT) must restate financials from 2011 through 2008 and possibly in prior years.   


Wal-Mart (NYSE: WMT) disappointed with fourth quarter earnings that fell short of analyst expectations. 

  

Ctrip.com International (Nasdaq: CTRP) reported lower fourth quarter earnings prompting a downgrade.

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 nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 827.

U. S. Markets Closed

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U. S. markets are closed in observance of Presidents' Day.

Mixed Close Over Rising Gas Prices

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Rising gasoline prices dampened enthusiasm for the payroll tax cut extension. The markets closed mixed with the Dow climbing 46 points to 12,950 while Nasdaq lost 8 points to 2951.

On the upside

Cloud based digital media solutions provider Brightcove (Nasdaq: BCOV) surged on its first trading day. 


Fusion-io (NYSE: FIO) said that it does not comment on rumors or unusual market activity.

 

Demand Media (NYSE: DMD) narrowed fourth quarter earnings more than expected as revenue rose.


On the downside


CapitalSource (NYSE: CSE) reversed year ago losses but the results fell far short of analyst expectations.  


Qlik Technologies (Nasdaq: QLIK) reported higher fourth quarter earnings but the results missed estimates. 

  

Analysts expect Walter Energy (NYSE: WLT) to report lower fourth quarter earnings next week.

In the broad market, advancing issues outpaced decliners by a margin of  nearly 7 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 828.

The markets traded mixed during the midday with the Dow gaining 27 points to 12,931 after Congress opted to extend the payroll tax cut while allowing business tax cuts to expire. Nasdaq fell 11 points to 2948.

On the upside

Suntech Power Holdings (NYSE: STP) said that fourth quarter shipments were better than expected, expects revenue to beat analyst expectations and raised its full year outlook. 


SunPower (Nasdaq: SPWR) swung to a loss for the fourth quarter but the results surpassed analyst expectations.

 

Heinz (NYSE: HNZ) reported higher third quarter earnings that beat expectations.


On the downside


Aruba Networks (Nasdaq: ARUN) widened second quarter losses even as revenue climbed.  


Allscripts (Nasdaq: MDRX) reversed year ago losses to post a profit for the fourth quarter but the company forecast 2012 results below expectations. 

  

Superconductor Technologies (Nasdaq: SCON) announced a registered direct offering of approximately $4.6 million worth of common shares.

In the broad market, advancing issues outpaced decliners by a margin of  9 to 7 on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 828.

Mixed Open As Gas Prices Jump

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Consumer prices edged up a modest 0.2% in January but gas prices jumped 0.9%. The markets opened mixed with the Dow rising 15 points to 12,919 while Nasdaq lost 18 points to 2941.

On the upside

The European Medicines Agency's Committee for Medicinal Products for Human Use granted a positive opinion for conditional approval for Cell Therapeutics' (Nasdaq: CTIC) Pixuvri. 


Achillion Pharmaceuticals (Nasdaq: ACHN) reported upbeat preclinical results for its Phase 2 pan-genotypic protease inhibitor ACH-1625.

 

First Solar (Nasdaq: FSLR) resolved a permit issue for its Antelope Valley Solar Ranch One plant.


On the downside


Gilead (Nasdaq: GILD) reported disappointing results from a trial of its hepatitis C treatment GS-7977.  


General Mills (NYSE: GIS) lowered its full year guidance citing soft sales. 

  

RealPage (Nasdaq: RP) reported break even results for the fourth quarter and forecast first quarter earnings that fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 830.

Markets Soar On Upbeat Data

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The markets soared to close sharply higher with the Dow leaping 123 points to 12,904 as investors welcomed upbeat economic data. Nasdaq jumped 44 points to 2959.

On the upside

Fourth quarter earnings for Huntsman (NYSE: HUN) more than tripled to top analyst estimates. 


Valassis Communications (NYSE: VCI) reported higher fourth quarter earnings that surpassed analyst expectations even as revenue slipped.

 

Advance Auto Parts (Nasdaq: ITRI) reported fourth quarter earnings and revenue that topped analyst estimates.


On the downside


J. M. Smucker (NYSE: SJM) disappointed with lower third quarter earnings that fell far short of analyst expectations.  


Fourth quarter earnings and revenue dropped for Blue Nile (Nasdaq: NILE) to miss estimates by a wide margin. 

  

Ion Geophysical (NYSE: IO) reported lower fourth quarter earnings.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 829.

Housing Starts Rise, Markets Advance

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Upbeat housing start data along with a drop in jobless claims boosted the markets sharply  higher during the midday with the Dow surging 119 points to 12,900. Nasdaq leaped 40 points to 2956.

On the upside

Kinross Gold (NYSE: KGC) increased its dividend to 8 cents per common share from 6 cents per common share prompting an upgrade. 


Fourth quarter earnings for TRW Automotive (NYSE: TRW) doubled to surpass analyst expectations by a wide margin.

 

Itron (Nasdaq: ITRI) swung to a loss for the fourth quarter but the results beat expectations and the power meter maker said that it will pay approximately $100 million to acquire SmartSynch.


On the downside


Fourth quarter earnings dropped for Ultra Petroleum (NYSE: UPL) to fall short of expectations and the company announced cuts to its capital spending.  


Ancestry.com (Nasdaq: ACOM) reported higher fourth quarter earnings that topped estimates but the company forecast current quarter revenue below estimates. 

  

DG (Nasdaq: DGIT) disappointed with sharply lower fourth quarter earnings prompting downgrades.

In the broad market, advancing issues outpaced decliners 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 soared 14 points to 828.

Higher Open As Jobless Claims Drop

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An unexpected drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 56 points to 12,832. Nasdaq rose 6 points to 2922.

On the upside

Grupo Elecktra will pay a premium of approximately $656 million in cash to acquire short term lender Advance America, Cash Advance Centers (NYSE: AEA). 


Third quarter earnings fell for NetApp (Nasdaq: NTAP) but revenue rose to top estimates and the company forecast fourth quarter results in line with expectations.

 

General Motors (NYSE: GM) reported a record profit of $7.6 billion for 2011.


On the downside


PMFG (Nasdaq: PMFG) priced its public offering of 2.6 million common shares at the discounted price of $16 per share.  


Hyperdynamics (NYSE: HDY) discovered oil shows at its Sabu-1 exploration well indicating that larger volumes of oil had been in the reservoirs but had leaked out over time. 

  

Avis Budget Group (Nasdaq: CAR) widened fourth quarter losses even as revenue rose.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 816.

Concerns about Greece's commitment to following the strict financial terms of a second bailout sent the markets down to a lower close with the Dow tumbling 97 points to 12,780. Nasdaq dropped 16 points to 2915.

On the upside

The Wall Street Journal reported that Avon (NYSE: AVN) made overtures to HSN chief executive Mindy Grossman to lead the beauty products company. 


Alnylam Pharmaceuticals (Nasdaq: ALNY) priced its public offering of 7.5 million common shares at $10.75 per share.

 

Fourth quarter earnings slipped for Cimarex Energy (NYSE: XEC) but the company announced production increases in 2012.


On the downside


Powerwave Technologies (Nasdaq: PWAV) fell to a loss for the fourth quarter.  


SouFun (NYSE: SFUN) reported sharply lower fourth quarter earnings as expenses climbed. 

  

An appeals court will decide whether Bank of America's (NYSE: BAC) $8.5 billion proposed settlement for its mortgage backed securities liability remains at the state court or falls under federal review.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 813.

The markets tumbled during the midday with the Dow dropping 87 points to 12,790 as investors questioned Greece's commitment to strict austerity measures. Nasdaq slipped 4 points to 2927.

On the upside

Jefferies expects Juniper Networks (NYSE: JNPR) to benefit from increased spending by AT&T (NYSE: T). 


Kellogg (NYSE: K) will pay approximately $2.7 billion in cash to acquire the Pringles brand from Procter & Gamble (NYSE: PG).

 

Fourth quarter earnings slipped for Devon Energy (NYSE: DVN) but the results beat analyst expectations.


On the downside


FMC Technologies (NYSE: FTI) disappointed with flat fourth quarter earnings that missed analyst estimates and forecast full year earnings below expectations.  


Although Owens Corning (NYSE: OC) swung to a profit for the fourth quarter, the results fell short of expectations. 

  

Atlas Air Worldwide (Nasdaq: AAWW) reported lower fourth quarter earnings that missed expectations by a wide margin.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 818.

The markets opened mixed with the Dow losing 30 points to 12,847 while Nasdaq rose 10 points to 2942 as Greece struggled to meet demands from lenders.

On the upside

Fourth quarter earnings dropped for Abercrombie & Fitch (NYSE: ANF) but the company forecast 2013 earnings ahead of estimates. 


Comcast (Nasdaq: CMCSA) reported higher fourth quarter earnings that beat analyst expectations, increased its dividend and announced a $6.5 billion stock repurchase plan.

 

Dean Foods (NYSE: DF) narrowed fourth quarter losses more than expected and forecast first quarter results ahead of estimates.


On the downside


Zynga (Nasdaq: ZNGA) widened first quarter losses due to significant stock compensation costs.  


Vonage (NYSE: VG) reported higher fourth quarter earnings but warned of lower 2012 results as the company invests in strategic growth initiatives. 

  

Fourth quarter earnings tumbled for Willis Group (NYSE: WSH) to fall short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 818.

Markets Recover To Close Flat

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The markets recovered losses in late afternoon trading to close flat with the Dow adding 4 points to 12,878. Nasdaq held steady at 2931.

On the upside

Five Star Equities expects a global economic recovery to boost DryShips' (Nasdaq: DRYS) revenue. 


A Seeking Alpha contributor listed EXCO Resources (NYSE: XCO) as one of five energy stocks that are undervalued.

 

MedAssets (Nasdaq: MDAS) retained the services of J. P. Morgan to explore strategic alternatives.


On the downside


Investors locked in profits on Complete Genomics (Nasdaq: GNOM), whose stock price surged yesterday on the company's deal with the Mayo Clinic.  


Shares of MEMC Electronic Materials (NYSE: WFR) fell ahead of its earnings release tomorrow after market close. 

  

Alnylam Pharmaceuticals (Nasdaq: ALNY) will offer 7 million common shares to the public.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 4 points to 820.

Disappointing January retail sales weighed the markets down during the midday with the Dow falling 49 points to 12,824. Nasdaq lost 11 points to 2919.

On the upside

Syntroleum (Nasdaq: SYNM) and Tyson Foods (NYSE: TSN) joint venture Dynamic Fuels will supply Norfolk Southern with renewable diesel. 


Rite Aid (NYSE: RAD) announced a cash tender offer for its 8.625% senior notes due 2015.

 

Fossil (Nasdaq: FOSL) reported higher fourth quarter earnings that beat analyst expectations.


On the downside


Energy Conversion (Nasdaq: ENER) filed for Chapter 11 bankruptcy protection.  


Auriga Securities analyst Hari Chandra downgraded Yingli Green Energy (NYSE: YGE) to a Hold rating. 

  

Zipcar (Nasdaq: ZIP) swung to a better than expected profit for the fourth quarter but the company warned of wider than expected losses for the first quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 818.

January retail sale rose less than expected to weigh the markets down to a lower open with the Dow losing 32 points to 12,841. Nasdaq fell 10 points to 2921.

On the upside

Michael Kors (NYSE: KORS) reported higher third quarter earnings and revenue that beat analyst expectations and forecast full year results well ahead of estimates. 


Fourth quarter earnings for Rackspace Hosting (NYSE: RAX) nearly doubled to top analyst estimates.

 

Fonar (Nasdaq: FONR) reported higher second quarter earnings as revenue climbed.


On the downside


Masco (NYSE: MAS) reported a larger than expected loss for the fourth quarter.  


Goodyear Tire & Rubber (NYSE: GT) swung to a profit for the fourth quarter but the results fell short of expectations. 

  

Deutsche Bank expects Germany to cut solar subsidies more than expected sending shares of First Solar (Nasdaq: FSLR), JA Solar (Nasdaq: JASO) and Suntech Power (NYSE: STP) lower.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 818.

The approval of austerity measures by Greece lifted the markets to a higher close with the Dow climbing 72 points to 12,874. Nasdaq gained 27 points to 2931.

On the upside

A Seeking Alpha contributor wrote that DryShips (Nasdaq: DRYS) was attractively priced. 


Excel Maritime (NYSE: EXM) announced four new period charter agreements.

 

Shares of Gol Linhas (NYSE: GOL) rose after rival airliner TAM posted a fourth quarter profit due to higher ticket prices.


On the downside


European cloud services provider Host Europe GmbH deployed Fusion-io's (NYSE: FIO) ioMemory technology but the stock price fell.  


Caris & Co. downgraded Lions Gate Entertainment (NYSE: LGF) to a Sell rating. 

  

Caesars Entertainment (NYSE: OSH) received consent to extend the maturity date on approximately $2.7 billion in term loans.

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 surged 11 points to 824.

The markets advanced during the midday with the Dow gaining 69 points to 12,870 after Greece approved strict austerity measures. Nasdaq climbed 24 points to 2928.

On the upside

Regeneron Pharmaceuticals (Nasdaq: REGN) widened fourth quarter losses as revenue fell but the results were better than expected and the company raised its 2012 sales outlook for its eye disease treatment Eylea. 


TheStreet Ratings upgraded Pharmacyclics (Nasdaq: PCYC) to a Buy rating.

 

Diebold (NYSE: DBD) swung to a fourth quarter profit that surpassed analyst expectations by a wide margin and forecast 2012 revenue ahead of estimates.


On the downside


AmerisourceBergen (NYSE: ABC) chief financial officer Michael DiCandilo resigned effective immediately.  


UBS downgraded Suntech Power Holdings (NYSE: STP) to a Neutral rating. 

  

The U. S. Army will purchase fewer medium duty Oshkosh (NYSE: OSH) trucks in order to save approximately $2.2 billion over the next five years.

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 soared 9 points to 822.

The Greek parliament approved severe austerity measures in order to received additional bailout funds. The markets opened higher with the Dow rising 39 points to 12,840 while Nasdaq gained 16 points to 2920.

On the upside

Linden Capital Partners will take SeraCare Life Sciences (Nasdaq: SRLS) private in a deal valued at approximately $80 million. 


The Mayo Clinic selected Complete Genomics (Nasdaq: GNOM) to provide outsourced whole human genome sequencing.

 

Shares of National Bank of Greece (NYSE: NBG) rose after Greece approved austerity measures in order to received a second round of bailout funds.


On the downside


Chelsea Therapeutics (Nasdaq: CHTP) will discuss questions today at the BIO CEO and Investor Conference that the Food and Drug Administration posed while reviewing its New Drug Application for NORTHERA.  


Beazer Homes (NYSE: BZH) commenced exchange offers for its convertible subordinated notes and its tangible equity units. 

  

Shares of Arch Coal (NYSE: ACI) continued falling after reporting fourth quarter earnings and revenue on Friday that fell short of expectations and announcing production cuts at it Dugout Canyon mine.

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 soared 9 points to 822.

Concerns that Greek politicians may not approve austerity measures in order to receive additional bailout funds sent the markets down to a lower close with the Dow tumbling 89 points to 12,801. Nasdaq fell 23 points to 2903.

On the upside

The Paragon Report wrote that growth in the solar industry will benefit Energy Conversion Devices (Nasdaq: ENER). 


Analysts expect Vonage Holdings (NYSE: VG) to report sharply higher earnings next week.

 

Pharmacyclics (Nasdaq: PCYC) reversed year ago losses to post an unexpected profit for the second quarter as revenue surged.


On the downside


Capstone Turbine (Nasdaq: CPST) disappointed with third quarter earnings and revenue that fell short of expectations.  


Profit taking sank shares of Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE). 

  

KV Pharmaceutical (NYSE: KVA) reported significant losses for the fourth quarter and warned of future losses.

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 11 points to 813.

Markets Plunge Over Unrest In Greece

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Unrest in Greece along with a drop in consumer sentiment sent the markets tumbling during the midday with the Dow plummeting 138 points to 12,751. Nasdaq dropped 24 points to 2902.

On the upside

Shares of Imperial Sugar (Nasdaq: IPSU) continued rising after narrowing first quarter losses yesterday. 


A123 Systems (Nasdaq: AONE) will provide six Grid Battery Systems to Northern Powergrid in the U. K.

 

Exelixis (Nasdaq: EXEL) priced its public offering of 11 million common shares at $5.50 per share.


On the downside


Delays in securing a construction permit have placed a $646 million loan guarantee on hold for First Solar (Nasdaq: FSLR) prompting a downgrade.  


Exide Technologies (Nasdaq: XIDE) reported higher third quarter earnings but revenue dropped to fall short of expectations. 

  

True Religion (Nasdaq: TRLG) disappointed with lower fourth quarter earnings that missed analyst estimates and forecast 2012 results below expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 10 points to 814.On the upside

Shares of Imperial Sugar (Nasdaq: IPSU) continued rising after narrowing first quarter losses yesterday. 


A123 Systems (Nasdaq: AONE) will provide six Grid Battery Systems to Northern Powergrid in the U. K.

 

Exelixis (Nasdaq: EXEL) priced its public offering of 11 million common shares at $5.50 per share.


On the downside


Delays in securing a construction permit have placed a $646 million loan guarantee on hold for First Solar (Nasdaq: FSLR) prompting a downgrade.  


Exide Technologies (Nasdaq: XIDE) reported higher third quarter earnings but revenue dropped to fall short of expectations. 

  

True Religion (Nasdaq: TRLG) disappointed with lower fourth quarter earnings that missed analyst estimates and forecast 2012 results below expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 10 points to 814.

Greek leaders agreed on severe austerity measures yesterday but European finance ministers insisted on additional conditions before releasing a second round of bailout funds Greece. The markets opened sharply lower with the Dow plunging 126 points to 12,758 while Nasdaq tumbled 27 points to 2899.

On the upside

Alcatel-Lucent (NYSE: ALU) reported a better than expected profit for the fourth quarter and swung to a profit for the full year. 


Cobalt International Energy (NYSE: CIE) reported better than expected results from pre-salt exploration prospects at a deep sea oil well offshore of Angola.

 

LinkedIn (NYSE: LNKD) reported sharply higher fourth quarter earnings that more than doubled to surpass analyst expectations.


On the downside


Nuance Communications (Nasdaq: NUAN) swung to a profit for the first quarter but the results fell short of expectations.  


Petroleo Brasileiro (NYSE: PBR) announced that a rupture of a rise pipe will shutter production for sixty days at its Carioca Northeast field. 

  

XL (NYSE: XL) blamed an impairment charge for falling to an unexpected loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 11 points to 813.

Greek officials agreed on austerity measures but Germany questioned whether the conditions were stringent enough for Greece to receive a second round of bailout funds. The markets closed flat with the Dow adding 6 points to 12,890. Nasdaq rose 11 points to 2927.

On the upside

Teradata (NYSE: TDC) reported higher fourth quarter earnings that topped analyst estimates as revenue climbed. 


Deutsche Bank analyst Vishal Shah wrote of increasing solar demand lifting shares of JinkoSolar (NYSE: JKS), LDK Solar (NYSE: LDK), Renesola (NYSE: SOL), Suntech Power (NYSE: STP) and Trina Solar (NYSE: TSL).

 

Fourth quarter earnings climbed for Covanta (NYSE: CVA) to beat expectations as revenue rose.


On the downside


Analysts downgraded A123 Systems (Nasdaq: AONE) after the battery maker's largest customer, Fisker Automotive, stopped construction on a factory in Delaware.  


ING Groep (NYSE: ING) reported higher fourth quarter earnings due to asset sales but results for its banking division plunged and the company still must repay euro3 billion in bailout funds. 

  

Fourth quarter earnings plummeted for General Cable (NYSE: BGC) to fall short of analyst expectations as margins shrank.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 824.

The markets advanced during the midday with the Dow rising 23 points to 12,907 after Greece finally approved austerity measures to secure a second round of bailout funds. Nasdaq gained 10 points to 2926.

On the upside

Imperial Sugar (Nasdaq: IPSU) narrowed first quarter losses and said that it may be sell its interest in Wholesome Sweetners. 


A Seeking Alpha article listed Yingli Green Energy (NYSE: YGE) as one of four solar companies that top fund managers are acquiring.

 

Thoratec (Nasdaq: THOR) reported higher fourth quarter earnings that topped analyst estimates and forecast 2012 results ahead of expectations.


On the downside


Fourth quarter earnings climbed for iRobot (Nasdaq: IRBT) but revenue fell short of expectations and the company forecast current quarter and full year results below analyst estimates.  


Array BioPharm (Nasdaq: ARRY) priced its public offering of 20 million common shares at the discounted price of $2.60 per share. 

  

Groupon (Nasdaq: GRPN) disappointed with an unexpected loss for the fourth quarter even as revenue surged.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 824.

After lengthy negotiations and fitful starts, Greek leaders have at long last agreed on austerity measures but they must still meet with European finance ministers to secure funds for a second bailout. The markets opened mixed with the Dow adding 5 points to 12,889 while Nasdaq edged down a point to 2913.

On the upside

Oracle (Nasdaq: ORCL) will pay a premium of approximately $1.9 billion to acquire management software solutions company Taleo (Nasdaq: TLEO). 


Akamai Technologies (Nasdaq: AKAM) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.

 

First quarter earnings rose for Visa (NYSE: V) as credit card use climbed.


On the downside


Diamond Foods (Nasdaq: DMND) must restate financial results for two years and will replace its chief executive and chief financial officer after an internal audit revealed improper accounting related to payments for walnut growers.  


Fourth quarter earnings rose for TripAdvisor (Nasdaq: TRIP) but the results fell far short of analyst expectations. 

  

TriQuint Semiconductor (Nasdaq: TQNT) disappointed with sharply lower fourth quarter earnings and revenue.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 825.

The markets recovered in late afternoon trading to close modestly higher with the Dow adding 5 points to 12,883 as Greek leaders appeared ready to approve severe spending cuts. Nasdaq rose 11 points to 2915.

On the upside

Calix (NYSE: CALX) widened fourth quarter losses but the results were better than expected and the company introduced two new optical line terminal cards to its Unified Access portfolio. 


Level 3 Communications (NYSE: LVLT) narrowed fourth quarter losses as revenue surged.

 

Ralph Lauren (NYSE: RL) reported higher third quarter earnings that beat analyst expectations as revenue climbed.


On the downside


Higher One (NYSE: ONE) disappointed with fourth quarter revenue that missed expectations and lower earnings.  


Fourth quarter revenue for CBRE Group (NYSE: CBG) fell short of expectations and earnings dropped. 

  

Standard & Poor's lowered its credit rating on Exco Resources (NYSE: XCO).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 828.

Increasing frustration with Greece's inability to reach a debt agreement weighed the markets down during the midday with the Dow losing 30 points to 12,848. Nasdaq slipped 2 points to 2901.

On the upside

The stock price of casino-entertainment provider Caesars Entertainment (Nasdaq: CZR) soared on its first trading day. 


Computer Sciences (NYSE: CSC) swung to a third quarter loss but the results were better than expected.

 

Fourth quarter earnings for Hartford Financial (NYSE: HIG) tumbled but the results beat analyst expectations.


On the downside


OpenTable (Nasdaq: OPEN) reported higher fourth quarter earnings that beat analyst expectations but the restaurant reservation service warned of slower growth in the first quarter prompting downgrades.  


Fourth quarter earnings for Western Union (NYSE: WU) nearly doubled but the money transfer services firm forecast 2012 results far short of analyst expectations. 

  

Apollo Investment (Nasdaq: AINV) reported lower third quarter earnings and may raise up to $200 million through an equity offering.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 point to 823.

Higher Open On Upbeat Earnings

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Upbeat earnings lifted the markets to a modestly higher open with the Dow adding 5 points to 12,883 while Nasdaq gained 12 points to 2916.

On the upside

Rambus (Nasdaq: RMBS) settled patent infringement suits by licensing its integrated circuit patents to Nvidia (Nasdaq: NVDA). 


Fourth quarter earnings soared for Buffalo Wild Wings (Nasdaq: BWLD) to surpass analyst expectations by a wide margin as revenue climbed.

 

Glu Mobile (Nasdaq: GLUU) reported a smaller than expected loss for the fourth quarter.


On the downside


Teekay Tankers (NYSE: TNK) priced its public offering of 15 million common shares at the discounted price of $4 per share.  


Silicon Graphics International (Nasdaq: SGI) cited shrinking margins for falling to a greater than expected loss for the second quarter. 

  

Sprint (NYSE: S) widened fourth quarter losses due to the higher costs of selling Apple's (Nasdaq: AAPL) iPhone.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 point to 831.

Higher Close As Job Openings Soar

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The markets closed modestly higher with the Dow gaining 33 points to 12,878 despite the continued failure of Greece to finalize debt discussions as investors welcomed news that job openings soared. Nasdaq rose 2 points to 2904.

On the upside

Wabash National (NYSE: WNC) reported higher fourth quarter earnings as revenue climbed. 


Scotts Miracle-Gro (NYSE: SMG) reported a smaller than expected loss for the fourth quarter.

 

Fourth quarter earnings climbed for Regal Beloit (NYSE: RBC) as sales soared.


On the downside


Falling demand for coal weighed down shares of Alpha Natural Resources (NYSE: ANR) and Patriot Coal (NYSE: PCX).  


Louisiana-Pacific (NYSE: LPX) blamed weak demand for widening fourth quarter losses. 

  

Craig-Hallum affirmed its Sell rating for Fusion-io (NYSE: FIO).

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 slipped a point to 827.

Surge In Job Openings Lifts Markets

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A surge in job openings lifted the markets during the midday with the Dow rising 30 points to 12,875. Nasdaq added 2 points to 2904.

On the upside

McClatchy (NYSE: MNI) reported sharply higher fourth quarter earnings that topped analyst estimates as the company lowered expenses. 


NCR (NYSE: NCR) swung to a fourth quarter loss but the results were better than expected as revenue climbed .

 

SolarWinds (NYSE: SWI) reported higher fourth quarter earnings that beat expectations.


On the downside


Bank of America downgraded Achillion Pharmaceuticals (Nasdaq: ACHN) to an Underperform rating.  


Fourth quarter earnings tumbled for Vishay Intertechnology (NYSE: VSH) to fall short of expectations as revenue dropped. 

  

Unum Group (NYSE: UNM) blamed a one time charge for falling to a loss for the fourth quarter.

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 nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 827.

Greek officials continued discussions with lenders and European leaders to finalize an agreement to receive additional bailout funds. The markets opened lower with the Dow losing 19 points to 12,825 while Nasdaq fell 8 points to 2893.

On the upside

Fourth quarter earnings for Coinstar (Nasdaq: CSTR) nearly tripled to surpass analyst expectations by a wide margin as more people used its Redbox DVD rental kiosks. 


BioMimetic Therapeutics (Nasdaq: BMTI) reported positive results from its Augment Rotator Cuff Graft clinical trial.

 

Standard Pacific (NYSE: SPF) reversed year ago losses to post a better than expected profit for the fourth quarter.


On the downside


TheStreet listed BioSante Pharmaceuticals (Nasdaq: BPAX) as one of six overvalued biotech stocks saying that it does not have any viable products in its pipeline.  


Colfax (NYSE: CFX) blamed acquisition related expenses for falling to a loss for the fourth quarter. 

  

A Food and Drug Administration staff report said that NeurogesX's (Nasdaq: NGSX) HIV pain patch Qutenza may be ineffective.

In the broad market, declining issues outpaced advancers 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 lost 4 points to 823.

The markets closed modestly lower with the Dow slipping 17 points to 12,845 as debt negotiations in Greece continued. Nasdaq lost 3 points to 2901.

On the upside

DryShips (Nasdaq: DRYS) unit Ocean Rig won a $653 million contract to drill 15 wells on the Norwegian Continental Shelf. 


Orexigen (Nasdaq: OREX) reached an agreement with the Food and Drug Administration on a Special Protocol Assessment for the outcomes trial of its obesity treatment Contrave.

 

Fitch revised its outlook for Meritor (NYSE: MTOR) to Positive.


On the downside


Several law firms announced class action lawsuits against Molycorp (NYSE: MCP) for false and misleading statements about its Mountain Pass mine development.  


Qihoo 360 Technology (NYSE: QIHU) applications have been removed from the Apple's (Nasdaq: AAPL) App Store. 

  

CPI's (Nasdaq: CPI) average market capitalization dropped below the minimum threshold to be listed on the New York Stock Exchange and  the stock will begin trading on the Nasdaq over the counter market on February 9.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 828.

The markets traded lower during the midday with the Dow losing 44 points to 12,817 after another deadline passed for Greece to restructure its debt. Nasdaq slipped 6 points to 2899.

On the upside

The Food and Drug Administration's critical review of Amgen's (Nasdaq: AMGN) prostate cancer treatment Xgeva lifted shares of rival Dendreon (Nasdaq: DNDN), whose prostate cancer treatment Provenge was approved in April 2010. 


HCA Holdings (NYSE: HCA) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.

 

Bargain hunters lifted shares of Abercrombie & Fitch (NYSE: ANF), whose shares tumbled last week after the retailer warned that fourth quarter results would fall short of expectations.


On the downside


Express Scripts (Nasdaq: ESRX) announced a second senior notes offering to raise capital to fund its acquisition of Medco Health Solutions (NYSE: MHS).  


Sysco (NYSE: SYY) disappointed with lower second quarter earnings that fell short of analyst expectations as margins slipped. 

  

Sohu.com's (Nasdaq: SOHU) earnings warning weighed down shares of Chinese online game developer Changyou.com (Nasdaq: CYOU).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 827.

Concerns about a looming default by Greece weighed the markets down to a lower open with the Dow falling 56 points to 12,806. Nasdaq dropped 14 points to 2890.

On the upside

Title insurer Fidelity National will acquire casual dining chain operator O'Charley's (Nasdaq: CHUX) in a deal valued at approximately $221 million. 


Shares of Threshold Pharmaceuticals (Nasdaq: THLD) continued rising after announcing a partnership with Merck on Friday to co-develop and commercialize its cancer treatment TH-302.

 

BioLineRx (Nasdaq: BLRX) signed an exclusive license agreement with Genoscience and RFS Pharma to develop and commercialize its hepatitis C treatment BL-8030.


On the downside


Fourth quarter earnings for Sohu.com (Nasdaq: SOHU) beat analyst expectations but the company forecast current quarter results well below estimates.  


Maxim Group downgraded Renren (NYSE: RENN) to a Sell rating on Friday. 

  

Humana (NYSE: HUM) reported higher fourth quarter earnings but the company forecast 2012 results below analyst expectations.

In the broad market, declining issues outpaced advancers 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 lost 3 points to 828.

Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 156 points to 12,862. Nasdaq surged 45 points to 2905.

On the upside

Infinera (Nasdaq: INFN) widened fourth quarter losses but the results were better than expected. 


TheStreet listed Meritor (NYSE: MTOR) as one of five stocks trading under $10 with much upside potential.

 

Beazer Homes (NYSE: BZH) reversed year ago losses to post a profit for the first quarter.


On the downside


Dresser-Rand Group (NYSE: DRC) lowered its fourth quarter outlook.  


Fourth quarter earnings climbed for Con-way (NYSE: CNW) due to an acquisition settlement but the results fell far short of analyst expectations. 

  

Modine (NYSE: MOD) reported higher third quarter earnings but the results missed estimates and the company lowered its 2012 earnings outlook and revenue growth guidance.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points to 831.

The nation's unemployment rate dropped to a three year low to boost the markets sharply higher during the midday with the Dow surging 150 points to 12,855. Nasdaq leaped 46 points to 2906.

On the upside

Fourth quarter earnings slipped for Power-One (Nasdaq: PWER) but the results beat analyst expectations. 


Zoltek (Nasdaq: ZOLT) reversed year ago losses to post a profit for the first quarter.

 

Bargain hunters snapped up shares of Sony (NYSE: SNE), whose stock price tumbled after reporting a significant third quarter loss and warned of wider than expected losses for the full year.


On the downside


Fourth quarter earnings slipped for Edwards Lifesciences (NYSE: EW) as sales fell short of expectations.  


Aon (NYSE: AON) reported higher fourth quarter earnings but operating margins fell. 

  

STR Holdings (NYSE: STRI) warned of losses for the fourth quarter and projected revenue far short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 17 points to 830.

The markets opened sharply higher with the Dow leaping 144 points to 12,849 as a better than expected gain in January jobs pushed the unemployment rate down to a three year low of 8.3%. Nasdaq soared 40 points to 2899.

On the upside

Gilead Sciences (Nasdaq: GILD) reported higher fourth quarter earnings as revenue climbed to top analyst estimates. 


Genworth Financial (NYSE: GNW) reversed year ago losses to post a better than expected profit for the fourth quarter.

 

Threshold Pharmaceuticals (Nasdaq: THLD) and Merck will jointly develop and commercialize Threshold's cancer treatment TH-302.


On the downside


MannKind (Nasdaq: MNKD) priced its public offering of more than 31 million units at $2.40 per unit.  


ARMOUR Residential REIT (NYSE: ARR) announced a public offering of 22 million common shares and priced its public offering of 26 million common shares. 

  

The Food and Drug Administration removed its partial clinical hold on Idenix Pharmaceuticals' (Nasdaq: IDIX) hepatitis C treatment IDX184 but investors were concerned that competitors may develop their drugs first.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 828.

Initial jobless claims dropped more than expected last week but investors remained cautious as the European financial crisis weighed on corporate earnings. The markets closed mixed with the Dow slipping 9 points to 12,707 while Nasdaq rose 11 points to 2859.

On the upside

Patriot Coal (NYSE: PCX) fell to a fourth quarter loss as coal demand weekend. Investors welcomed news that the coal producer will idle its Big Mountain thermal coal complex. 


Shares of Amylin Pharmaceuticals (Nasdaq: AMLN) continued climbing after the Food and Drug Administration approved the company's once-a-week diabetes treatment Bydureon on Friday.

 

Six affiliates of Alpha Natural Resources (NYSE: ANR) in West Virginia won the Mountaineer Guardian safety award for 2011.


On the downside


Fitch Ratings withdrew its rating on China Medical Technologies (NYSE: CMED) after the company failed to make a payment on a scheduled coupon.  


Bank of America downgraded AK Steel (NYSE: AKS) to an Underperform rating citing increased pension expenses. 

  

ShoreTel (Nasdaq: SHOR) will acquire M5 Networks in a cash and stock deal valued at approximately $146.3 million.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 812.

Markets Mixed Over Jobs Data

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The markets traded mixed during the midday with the Dow losing 18 points to 12,698 as jobless claims fell last week while planned January job cuts climbed. Nasdaq gained 11 points to 2859.

On the upside

Facebook's regulatory filing revealed that the majority of its revenue came from social gaming company Zynga (Nasdaq: ZNGA). 


Cadence Design Systems (Nasdaq: CDNS) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast current quarter results ahead of estimates.

 

Cemex (NYSE: CX) reported higher fourth quarter earnings and revenue.


On the downside


Boston Scientific (NYSE: BSX) disappointed with sharply lower fourth quarter earnings as revenue fell.  


Fourth quarter earnings fell for Cigna (NYSE: CI) miss analyst expectations. 

  

Ameriprise Financial (NYSE: AMP) reported lower fourth quarter earnings that fell short of analyst expectations as revenue dropped.

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 gained 5 points to 814.

Flat Open Over Mixed Jobs Data

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First time applications for unemployment benefits fell more than expected but planned job cuts climbed in January to a four month high. The markets opened flat with the Dow edging up a point to 12,717. Nasdaq rose 10 points to 2858.

On the upside

First quarter earnings surged for Green Mountain Coffee Roasters (Nasdaq: GMCR) to surpass analyst expectations by a wide margin due to strong holiday sales. 


Electronic Arts (Nasdaq: EA) narrowed third quarter losses more than expected as revenue rose.

 

Gap (NYSE: GPS) reported a smaller than expected drop in January same store sales and forecast fourth quarter earnings ahead of estimates.


On the downside


SandRidge Energy (NYSE: SD) will pay approximately $1.27 billion in cash and stock to acquire Dynamic Offshore Resources.  


Abercrombie & Fitch (NYSE: ANF) warned that fourth quarter earnings and revenue will fall short of analyst expectations. 

  

Ann (NYSE: ANN) blamed lower sales at its pricier Ann Taylor stores for cutting its fourth quarter revenue guidance and named a new president for its Ann Taylor brand.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 809.

Facebook filed today to raise $5 billion through an initial public offering. The markets closed higher with the Dow gaining 83 points to 12,716. Nasdaq soared 34 points to 2848.

On the upside

Aspen Technology (Nasdaq: AZPN) swung to a second quarter profit that surpassed analyst expectations by a wide margin. 


Marathon Petroleum (NYSE: MPC) posted a loss for the fourth quarter and announced that it was exploring strategic alternatives to increase shareholder value.

 

Fourth quarter earnings for AOL (NYSE: AOL) tumbled but the results beat expectations.


On the downside


PetroQuest Energy (NYSE: PQ) provided a production update and announced a capital budget of $90 million to $100 million for 2012.  


Medical Properties Trust (NYSE: MPW) reported higher fourth quarter funds from operations but the results missed estimates and the real estate investment trust announced a public offering of common stock. 

  

Hawaiian Airlines (Nasdaq: HA) blamed higher fuel expenses for sharply lower fourth quarter earnings.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 16 points to 809.

The markets traded higher during the midday with the Dow leaping 134 points to 12,767 as construction spending climbed in December. Nasdaq surged 36 points to 2849.

On the upside

Whirlpool (NYSE: WHR) reported higher fourth quarter earnings and forecast 2012 profit ahead of estimates. 


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

 

Fourth quarter earnings rose for Fortinet (Nasdaq: FTNT) to top analyst estimates as revenue climbed.


On the downside


JDA Software Group (Nasdaq: JDAS) fell to a loss for the fourth quarter and announced that the Securities and Exchange Commission requested financial information from the enterprise software solutions company.  


Fourth quarter earnings fell for Unisys (NYSE: UIS) as revenue dropped. 

  

Amazon.com's earnings miss weighed down shares of Chinese online retailer e-Commerce China Dangdang (NYSE: DANG).

In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 807.

Global manufacturing activity increased to lift the markets to a higher open with the Dow soaring 138 points to 12,771. Nasdaq gained 20 points to 2834.

On the upside

Seagate Technology (Nasdaq: STX) reported second quarter earnings that more than tripled to surpass analyst expectations by a wide margin. 


Dendreon (Nasdaq: DNDN) named John H. Johnson of Savient Pharmaceuticals (Nasdaq: SVNT) to the position of president and chief executive officer.

 

Corinthian Colleges (Nasdaq: COCO) reversed year ago losses to post a better than expected profit for the second quarter and forecast current quarter results ahead of estimates.


On the downside


Fourth quarter earnings fell sharply for Amazon.com (Nasdaq: AMZN) as expenses soared, revenue missed expectations by a wide margin and the online retailer forecast disappointing first quarter results.  


Quicksilver Resources (NYSE: KWK) will spend approximately $370 million for drilling and completion and related oil and gas activities in 2012. 

  

C. H. Robinson Worldwide (Nasdaq: CHRW) reported higher fourth quarter earnings but the results fell short of expectations as expenses climbed.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 801.

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