March 2012 Archives

The markets closed mixed with the Dow climbing 66 points to 13,212 as modest uptick in incomes tempered enthusiasm for higher consumer spending. Nasdaq lost 3 points to 3091.

On the upside

The Wall Street Journal reported that Liz Claiborne (NYSE: LIZ) engaged in possible acquisition discussions with several private equity firms.

ZaZa Energy (Nasdaq: ZAZA) expanded its Eaglebine trend holdings to more than 144,000 gross acres and will commence a six-well continuous drilling program in May 2012.


Shares of Rexnord (NYSE: RXN) continued to climb on its second trading day.


On the downside


Shares of Orexigen Therapeutics (NYSE: OREX) fell after a Food and Drug Administration advisory panel recommended the assessment of heart risks for obesity treatments.   


Oppensheimer downgraded InvenSense (NYSE: INVN) to a Market Perform rating.

  

Forbes wrote that Sprint (NYSE: S) must expand its spectrum in order to compete with rivals Verizon (NYSE: VZ) and AT&T (NYSE: T).

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 830.

A strong gain in March consumer sentiment lifted the markets higher during the midday with the Dow gaining 58 points to 13,204. Nasdaq added 4 points to 3099.

On the upside

Shares of Enphase Energy (Nasdaq: ENPH) surged on its first trading day.

Research in Motion (Nasdaq: RIMM) fell to a loss for the fourth quarter but investors welcomed the departure of  several executives.


Sunesis Pharmaceuticals (Nasdaq: SNSS) will receive a $25 million royalty payment from Royalty Pharma.


On the downside


The Wall Street Journal reported a security breach at Global Payments (NYSE: GPN) that threatened to put 50,000 cardholders at risk.   


Credit Suisse cited weak margins for lowering its first quarter earnings outlook for Valero Energy (NYSE: VLO).

  

Tibco Software (NYSE: BBY) reported higher fourth quarter earnings that topped estimates by a penny but investors expected an even stronger gain.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 833.

The markets opened mixed with the Dow rising 18 points to 13,163 as consumer spending rose the most in seven months but incomes barely edged up. Nasdaq fell 8 points to 3087.

On the upside

The Food and Drug Administration said that an advisory panel's recommendation that weight loss treatments should assess the risk for heart attacks and strokes will not affect Vivus (Nasdaq: VVUS).

ImmunoGen (Nasdaq: IMGN) reported positive results from a Phase III clinical trial of its trastuzumab emtansine.


Spanish Broadcasting System (Nasdaq: SBSA) reported higher fourth quarter earnings as revenue rose.


On the downside


The Finish Line (Nasdaq: FINL) reported higher fourth quarter earnings but warned of lower first quarter earnings.   


Shire (Nasdaq: SHPGY) reported disappointing results from a Phase 3 investigational study of its SPD476, MMX mesalamine to treat diverticulitis.

  

Shares of Best Buy (NYSE: BBY) continued falling after posting a fourth quarter loss yesterday and announcing plans to close 50 stores.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 833.

A drop in mortgage rates tempered disappointment with jobless claim numbers. The markets closed mixed with the Dow rising 19 points to 13,145 while Nasdaq lost 9 points to 3095.

On the upside

Sprint (NYSE: S) will introduce its new LTE 4G network midyear.

Deer Consumer Products (NYSE: DEER) reported higher full year results as revenue climbed.


South Korea's Maeil Business Newspaper reported that E-Land was preparing to make a $1.8 billion offer to acquire Collective Brands (NYSE: PSS).


On the downside


Mosaic (NYSE: MOS) disappointed with sharply lower third quarter earnings that fell short of analyst expectations.   


Newcastle Investment (NYSE: NCT) priced its public offering of 16.5 million common shares at the discounted price of $6.22 per share.

  

Cabot Oil & Gas (NYSE: COG) reported a flash fire at its Lathrop compressor station.

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 823.

The markets traded lower during the midday with the Dow falling 82 points to 13,043 after first time applications for unemployment benefits fell less than expected. Nasdaq dropped 31 points to 3073.

On the upside

The Paragon Report issued an equity research report on Arena Pharmaceuticals (Nasdaq: ARNA) noting that the company's Lorcaserin may be the first weight loss treatment to be approved in 13 years.

Bernstein Research analyst Ana Gupta expects Aetna (NYSE: AET) and UnitedHealth (NYSE: UNH) to benefit when the Supreme Court rules on the constitutionality of the Patient Protection and Affordable Care Act.


Shares of e-commerce site CafePress (Nasdaq: PRSS) climbed on its first trading day.


On the downside


Mechel (NYSE: MTL) warned that it will not be able to meet certain financial obligations and engaged in discussions to waive debt covenants.   


Big Lots (NYSE: BIG) chief executive Steven Fishman sold shares of company stock.

  

S&P Capital IQ downgraded PulteGroup (NYSE: PHM) to a Sell rating.

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 823.

Jobless claims fell last week but analysts expected an even greater drop. The markets opened lower with the Dow tumbling 86 points to 13,040 while Nasdaq fell 21 points to 3083.

On the upside

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

Threshold Pharmaceuticals (Nasdaq: THLD) announced several presentations featuring results from studies of its TH-302 hypoxia-targeted drug at the American Association for Cancer Research Annual Meeting from March 31-April 4.


Fourth quarter earnings rose for Red Hat (NYSE: RHT) to top analyst estimates prompting the software company to forecast current quarter and full year results ahead of expectations.


On the downside


The Food and Drug Administration rejected Chelsea Therapeutics' (Nasdaq: CHTP) hypotension medication Northera and recommended additional drug trials.   


Best Buy (NYSE: BBY) fell to a loss for the fourth quarter and announced plans to close 50 stores and eliminate 400 jobs.

  

Federal authorities charged JetBlue (Nasdaq: JBLU) captain Clayton Osbon with interfering with a flight crew.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 827.

The markets extended its losses in afternoon trading to close lower with the Dow tumbling 71 points to 13,126 as durable goods orders rose less than expected. Nasdaq dropped 15 points to 3104.

On the upside

Zalicus (Nasdaq: ZLCS) completed its equity distribution agreement with Wedbush Securities.

Retreating crude oil prices lifted shares of United Continental Holdings (NYSE: UAL).


Robbins & Myers (NYSE: RBN) reported sharply higher second quarter earnings that surpassed analyst expectations and lifted its full year outlook.


On the downside


GenOn (NYSE: GEN) chairman and chief executive Edward R. Muller presented at the 2012 Bank of America/Merrill Lynch Megawatt Round-up Conference today.   


CIBC downgraded Fortuna Silver Mines (NYSE: FSM).

  

Gol Linhas (NYSE: GOL) disappointed with sharply lower fourth quarter earnings as expenses soared.

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 5 points to 834.

New orders for durable goods rose less than expected in February to weigh the markets down during the midday with the Dow losing 43 points to 13,153. Nasdaq dropped 14 points to 3105.

On the upside

Speculation that Glu Mobile (Nasdaq: GLUU) may be acquired lifted share of the mobile gaming company.

Dahlman Rose upgraded Teekay Tankers (NYSE: TNK) to a Buy rating.


Dahlman Rose upgraded Frontline (NYSE: FRO) to a Buy rating.


On the downside


Deutsche Bank downgraded A123 Systems (Nasdaq: AONE) to a Hold rating.   


Synnex (NYSE: SNX) reported higher first quarter earnings but forecast second quarter results that fell short of expectations prompting a downgrade

  

Swisher Hygiene (Nasdaq: SWSH) delayed filing its fourth quarter and annual report and may need to restate prior financials.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 834.

The markets opened mixed with the Dow slipping 5 points to 13,192 while Nasdaq added 3 points to 3123 as durable goods orders rose less than expected in February.

On the upside

Bloomberg reported that Amylin Pharmaceuticals (Nasdaq: AMLN) rejected a $3.5 billion acquisition offer from Bristol-Myers Squibb (NYSE: BMY).

The U. S. Patent and Trademark Office granted Vermillion (Nasdaq: VRML) a patent for the use of Protein C Inhibitor in ovarian cancer tests.


Pentair (NYSE: PNR) will merge with Tyco International's (NYSE: TYC) flow control business.


On the downside


Investors locked in profits on Arena Pharmaceuticals (Nasdaq: ARNA), whose stock price climbed the last two days after announcing that European regulators accepted the marketing application for its weight loss treatment Lorcaserin.   


Shares of Alpha Natural Resources (NYSE: ANR), Arch Coal (NYSE: ACI) and Patriot Coal (NYSE: PCX) all fell after the Environmental Protection Agency proposed yesterday to limit carbon emissions. 

  

Profit taking sank shares of Affymax (Nasdaq: AFFY).

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 839.

A drop in consumer confidence weighed the markets down to a lower close with the Dow falling 43 points to 13,197. Nasdaq slipped 2 points to 3120.

On the upside

Lennar (NYSE: LEN) reported lower first quarter earnings but the results beat expectations.

Shares of Molycorp (NYSE: MCP) climbed after rival Inner Mongolia Baotou Rare-Earth Hi-Tech reported sharply higher full year earnings.


Zhongpin (Nasdaq: HOGS) received an offer to be taken private by chairman and chief executive Xianfu Zhu.


On the downside


Investors locked in profits on Lions Gate (NYSE: LGF), whose stock price soared last week in anticipation of the release of "The Hunger Games."   


Shares of Nabors Industries (NYSE: NBR) continued falling after chief executive Anthony Petrello said in a regulatory filing yesterday that the company's investment in exploration and production businesses was a wrong decision. 

  

Wedbush Securities analyst Corrina Freedman initiated coverage of Skechers (NYSE: SKX) with an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 839.

The markets traded flat during the midday with the Dow losing 4 points to 13,237 as consumer confidence slipped in February. Nasdaq rose 8 points to 3131.

On the upside

Vermillion (Nasdaq: VRML) narrowed fourth quarter losses more than expected as revenue more than doubled.

Oppenheimer upgraded E-Commerce China Dangdang (NYSE: DANG) to an Outperform rating.


Wabash National (NYSE: WNC) will pay approximately $360 million in cash to acquire Walker Group Holdings.


On the downside


Neurocrine Biosciences (Nasdaq: NBIX) some data inconsistency with a Phase II trial of its NBI-98854 treatment for tardive dyskinesia.   


McMoRan Exploration (NYSE: MMR) reported an equipment malfunction at its Davy Jones prospect in the Gulf of Mexico. 

  

Canaccord Genuity initiated coverage of  MetroPCS (NYSE: PCS) with a Buy rating.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 844.

Mixed Open As Home Price Fall

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The markets opened mixed with the Dow slipping 9 points to 13,232 while Nasdaq added 5 points to 3127 as home prices fell to their lowest level in ten years.

On the upside

Oclara (Nasdaq: OCLR) will acquire Opnext (Nasdaq: OPXT) in an all stock deal valued at approximately $177 million.

ISTA Pharmaceuticals (Nasdaq: ISTA) received a patent for its PROLENSA once a day non steroidal anti-inflammatory product to treat ocular inflammation and pain after cataract surgery.


Shares of Arena Pharmaceuticals (Nasdaq: ARNA) continued rising after the European Medicines Agency accepted the biopharmaceutical's marketing application for the weight loss drug Lorcaserin.


On the downside


The Food and Drug Administration issued a complete response letter to MAP Pharmaceuticals (Nasdaq: MAPP) for its orally inhaled migraine treatment Levadex.   


Total SA (NYSE: TOT) evacuated personnel from its Elgin, Franklin and West Franklin fields on Sunday due to a natural gas leak. 

  

Apollo Group (Nasdaq: APOL) swung to a profit for the second quarter but the for profit educator warned of lower enrollment.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 846.

Investors embraced comments by Federal Reserve chairman Ben Bernanke that indicated  that the Fed may consider additional measures to support the economy. The markets closed sharply higher with the Dow jumping 160 points to 13,241. Nasdaq soared 54 points to 3122.

On the upside

A Seeking Alpha contributor identified SIGA Technologies (Nasdaq: SIGA) as a $3 stock with much upside potential.

Office Depot (NYSE: ODP) announced that NASCAR Sprint Cup Series champion Tony Stewart would appear at the grand reopening ceremony of 13 remodeled stores in Houston.


Sidoti initiated coverage of Parker Drilling (Nasdaq: PKD) with a Buy rating.


On the downside


The Wall Street Journal reported that Germany will cut solar subsidies sending shares of Trina Solar (NYSE: TSL) lower.   


Concerns about continuing losses at Vipshop (NYSE: VIPS) weighed down shares of the Chinese online retailer on its second day of trading. 

  

AudioCodes (Nasdaq: AUDC) warned that 2012 revenue will fall short of estimates.

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 leaped 16 points to 846.

Low Interest Rates Boost Markets

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Expectations that interest rates will remain low sent the markets sharply higher during the midday with the Dow soaring 126 points to 13,207. Nasdaq surged 44 points to 3112.

On the upside

Gravity (Nasdaq: GRVY) launched its online multiplayer role playing game sequel Ragnarok Online II in Korea.

Wunderlich Securities analyst Theodore O'Neill upgraded Tesla Motors (Nasdaq: TSLA) to a Buy rating and lifted his price target to $49 from $30 after touring the electric vehicle maker's headquarters and factory.


Wells Fargo upgraded PolyOne (NYSE: POL) to an Outperform rating.


On the downside


Investors locked in profits on KB Home (NYSE: KBH). Shares of the homebuilder climbed last week after narrowing first quarter losses.   


H.I.G. Capital will take Comverge (Nasdaq: COMV) private for $49 million in cash. 

  

Falling coal prices weighed down shares of James River Coal (Nasdsaq: JRCC).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 13 points to 843.

Comments from Federal Reserve chairman Ben Bernanke indicated that interest rates will remain low. The markets opened sharply higher with the Dow surging 133 points to 13,214 while Nasdaq leaped 33 points to 3101.

On the upside

The European Medicines Agency accepted Arena Pharmaceuticals' (Nasdaq: ARNA) Marketing Authorization Application for the weigh loss treatment Lorcaserin.

Opening weekend ticket sales for Lions Gate Entertainment's (NYSE: LGF) "The Hunger Games" totaled $155 million, the third highest opening weekend on record.


Verenium (Nasdaq: VRNM) sold its Oilseed Processing business to DSM Food Specialists for $37 million.


On the downside


A123 Systems (Nasdaq: AONE) will spend approximately $55 million to replace defective batteries produced at its Livonia, Michigan manufacturing plant.   


Credit Suisse cited Safeway's (NYSE: SWY) greater than expected underfunded pension liability for downgrading the supermarket operator to a Neutral rating. 

  

Profit taking continued to weigh down shares of Galena Biopharma (Nasdsaq: GALE).

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 844.

The markets closed higher with the Dow gaining 34 points to 13,080 as new home prices climbed in February. Nasdaq rose 4 points to 3067.

On the upside

Cost Plus (Nasdaq: CPWM) reported sharply higher fourth quarter earnings that beat analyst expectations as revenue rose.

TheStreet listed Camelot Information Systems (NYSE: CIS) as one of five stocks under $10 that will rise.


A Seeking Alpha contributor expects Dex One's (NYSE: DEXO) balance sheet to improve.


On the downside


A drop in February new home sales weighed down shares of Beazer Homes (NYSE: BZH) and Louisiana-Pacific (NYSE: LPX).   


Weight Watchers International (NYSE: WTW) announced that it expects to accept approximately 8.78 million common shares at $82 per share from a tender offer. 

  

Overland Storage (Nasdsaq: OVRL) priced its public offering of approximately 3.2 million common shares at the discounted price of $2.00 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 830.

The markets traded mixed during the midday with the Dow rising 19 points to 13,066 as new home sales fell but prices rose. Nasdaq slipped 6 points to 3056.

On the upside

Rumors that Sandridge Energy (NYSE: SD) will be acquired lifted shares of the natural gas and oil company.

A Seeking Alpha contributor expects Arena Pharmaceutical's (Nasdaq: ARNA) weight loss drug Lorcaserin to be approved without restrictions in the United States as well as in Europe.


Silver Wheaton (NYSE: SLW) reported higher fourth quarter earnings on record production.


On the downside


Nike (NYSE: NKE) reported higher third quarter earnings but margins fell.   


Piper Jaffray downgraded The Wet Seal (Nasdaq: WTSLA) to a Neutral rating. 

  

Genesis Energy (NYSE: GEL) priced its offering of 5 million units at the discounted price of $30.80 per unit.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while advancers edged out decliners by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 822.

Sales of new homes fell in February to weigh the markets down to a lower open with the Dow slipping 17 points to 13,028. Nasdaq lost 13 points to 3050.

On the upside

Needham analyst Sean McGowan initiated coverage of Glu Mobile (Nasdaq: GLUU) with a Strong Buy.

Robert W. Baird analyst Mark Marcon upgraded Monster Worldwide (NYSE: MWW) to an Outperform rating and lifted his price target from $11 per share to $15 per share.


Cenveo (NYSE: CVO) priced its offering of $225 million in senior notes at an interest rate of 11.5% per annum at a price of 96.328% of face value.


On the downside


KB Home (NYSE: KBH) narrowed losses for the first quarter but orders for new homes dropped.   


Michael Kors (NYSE: KORS) priced its secondary offering of 25 million common shares at the discounted price of $47 per share. 

  

KIT digital (Nasdaq: KITD) named chief executive Kaleil Isaza Tuzman to the position of chairman and appointed chief administrative officer Barak Bar-Cohen as interim chief executive.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 820.

Concerns about a contracting global economy weighed the markets down to a lower close with the Dow dropping 78 points to 13,046. Nasdaq fell 12 points to 3063.

On the upside

Needham analyst Richard Kugele upgraded Western Digital (NYSE: WDC) to a Strong Buy rating and lifted his price target from $50 to $66.

Shares of Watson Pharmaceuticals (NYSE: WPI) continued rising after reports surfaced yesterday that the company was close to signing a deal to acquire Actavis.


Dollar General (NYSE: DG) reported higher fourth quarter earnings that beat analyst expectations and forecast 2012 revenue ahead of estimates.


On the downside


Cenveo (NYSE: CVO) amended its pending cash tender offer.   


Citigroup initiated coverage of The Governor and Company of the Bank of Ireland (NYSE: IRE) with a Sell rating. 

  

Plug Power (Nasdaq: PLUG) will offer common stock in order to raise capital.

In the broad market, declining issues outpaced advancers 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 fell 8 points to 821.

Rising mortgage rates along with global economic concerns weighed the markets down during the midday with the Dow falling 73 points to 13,050. Nasdaq lost 14 points to 3060.

On the upside

Discover Financial Services (NYSE: DFS) reported sharply higher first quarter earnings as transactions increased while late payments and defaults dropped.

Shares of Smith & Wesson (Nasdaq: SWHC) climbed after rival gun maker Sturm, Ruger & Co. stopped taking new orders citing overwhelming demand.


NEC will pay approximately $449 million to acquire the information management business of Convergys (NYSE: CVG).


On the downside


Rite Aid (NYSE: RAD) will host free skin cancer screenings at stores across the country beginning this week.   


The Natural Resources Ministry in Russia is investigating Mechel (NYSE: MTL) for a number of violations at its Yakutugol mines. 

  

Investors locked in profits on Lions Gate Entertainment (NYSE: LGF), whose stock price soared this week in anticipation of the release of "The Hunger Games."

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 12 points to 817.

A contraction of manufacturing activity in China as well as Europe weighed the markets down to a lower open with the Dow dropping 66 points to 13,058. Nasdaq fell 17 points to 3057.

On the upside

Pozen (Nasdaq: POZN) reported positive results from two Phase 3 clinical trials of its PA32540 immediate release omeprazole and delayed release aspirin.

A Seeking Alpha contributor wrote yesterday that the granting of a patent for Galena Biopharma's (Nasdaq: GALE) breast cancer treatment NeuVax will bring great financial benefits to the company.


The Federal Communications Commission proposed changing satellite airwave rules for wireless networks that will benefit Dish Network (Nasdaq: DISH).


On the downside


FuelCell Energy INc. (Nasdaq: FCEL) priced its public offering of 20 million common shares at the discounted price of $1.50 per share.   


Costamare (NYSE: CMRE) priced its public offering of 7.5 million common shares at the discounted price of $14.10 per share. 

  

A military coup in Mali weighed down shares of Rangold Resources (Nasdaq: GOLD).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 821.

An unexpected drop in existing home sales weighed the markets down to a lower close with the Dow falling 45 points to 13,124. Nasdaq added a point to 3075.

On the upside

Rumors circulated that generic drug maker Watson Pharmaceuticals (NYSE: WPI) was close to finalizing a deal to acquire rival Actavis.

Goldman Sachs analyst Heath Terry upgraded LinkedIn (NYSE: LNKD) to a Buy rating and set a price target of $135 per share.


USG (NYSE: USG) reported upbeat preliminary results for the first two months of the first quarter.


On the downside


Investors locked in profits on DHT Holdings (NYSE: DHT).   


AAR (NYSE: AIR) reported higher third quarter earnings but warned of plane shortages and higher expenses in the fourth quarter. 

  

CreXus Investment (NYSE: CXS) declared a quarterly dividend of $0.27 per share payable on April 26, 2012 to stockholders of record March 28, 2012.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 829.

Markets Mixed At Midday

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The markets traded mixed during the midday with the Dow losing 10 points to 13,159 as existing home sales slipped while building permit requests climbed. Nasdaq gained 11 points to 3085.

On the upside

Galena Biopharma (Nasdaq: GALE) appointed renowned breast cancer researcher Dr. Hope S. Rugo to its Scientific Advisory Board. 

SAIC (NYSE: SAI) fell to a loss for the fourth quarter but the results were better than expected.


Monness, Crespi, Hardt & Co. analyst Chris L. Shaw wrote that Origin Agritech (Nasdaq: SEED) may be the first company to receive approval from China to sell genetically modified seed.


On the downside


JA Solar Holdings (Nasdaq: JASO) reported a wider than expected fourth quarter loss yesterday and warned of sequentially lower shipments.   


Krispy Kreme (NYSE: KKD) reversed year ago losses to post a profit for the fourth quarter but Stephens downgraded the doughnut retailer to Equal Weight. 

  

BB&T Capital Markets downgraded Gardner Denver (NYSE: GDI) to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 833.

Existing home sales fell unexpectedly to weigh the markets down to a lower open with the Dow slipping 17 points to 13,152. Nasdaq added 2 points to 3076.

On the upside

Hartford Financial (NYSE: HIG) will discontinue its annuity business and may explore the possible sale of its life insurance business. 

Green Mountain Coffee Roasters (Nasdaq: GMCR) will offer Starbucks (Nasdaq: SBUX) coffee or Tazo tea for its new Keurig Vue Brewer.


FSI International (Nasdaq: FSII) reported lower second quarter earnings but orders more than doubled.


On the downside


Baker Hughes (NYSE: BHI) warned of sequentially lower first quarter earnings.   


Moody's Investors Service placed Assured Guaranty (NYSE: AGO) on review for a possible downgrade. 

  

Investors locked in profits of Suntech Power (NYSE: STP), Trinal Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) whose stock price all climbed yesterday when the Commerce Department announced lower than expected tariffs on Chinese solar products.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 827.

Housing starts slipped last month to weigh the markets down to a lower close with the Dow dropping 68 points to 13,170. Nasdaq lost 4 points to 3074.

On the upside

The Commerce Department imposed tariffs on Chinese solar imports that were lower than expected which lifted shares of Suntech Power (NYSE: STP), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE). 

Michael Kors (NYSE: KORS) lifted its fourth quarter earnings and revenue guidance.


Shares of Lions Gate Entertainment (NYSE: LGF) continued rising in anticipation of the blockbuster release of "The Hunger Games" this weekend.


On the downside


Avondale dowgraded Kindred Healthcare (NYSE: KND) from a rating of Outperform to Market Perform.   


NuPathe (Nasdaq: PATH) reported a loss for the fourth quarter. 

  

Adobe Systems (Nasdaq: ADBE) disappointed with lower first quarter earnings and the company forecast current quarter earnings below estimates.

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 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 829.

The markets traded lower during the midday with the Dow falling 54 points to 13,184 as housing starts slipped in February. Nasdaq lost 10 points to 3067.

On the upside

Recon Technology (Nasdaq: RCON) introduced the Baker Hughes Frac-Point System to China Petroleum and Chemical's Zhongyuan oilfield. 

Amarin (NYSE: AMRN) received a U. S. patent for its heart medication AMR-101.


Analysts cited Kinross Gold's (NYSE: KGC) low stock price for naming it an attractive acquisition target.


On the downside


Investors locked in profits on Frontline (NYSE: FRO), whose stock price surged yesterday on news that Saudi Arabia would increase oil sales to the United States.   


Profit taking sank shares of Peabody Energy (NYSE: BTU), whose stock price climbed last week on speculation that Warren Buffet was interested in acquiring shares in a coal company. 

  

CLSA Asia-Pacific Markets analyst Mark Heller downgraded Veeco Instruments (Nasdaq: VECO) to a Sell rating and cut his full year earnings guidance to $1 per share from $1.35 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 829.

Lower Open As Housing Starts Drop

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A drop in housing starts weighed the markets down to a lower open with the Dow tumbling 95 points to 13,145. Nasdaq dropped 22 points to 3056.

On the upside

Tiffany & Co. (NYSE: TIF) reported lower fourth quarter earnings but the upscale jewelry retailer forecast 2012 earnings and revenue ahead of estimates. 

Bank of America (NYSE: BAC) denied rumors that it was issuing a secondary offering.


The U. S. Patent Office issued Galena Biopharma (Nasdaq: GALE) a Notice of Allowance for a patent for the company's NeuVax breast cancer vaccine.


On the downside


AstarZeneca and Targacept (Nasdaq: TRGT) announced disappointing results from a Phase 3 clinical trial of their antidepressant TC-5214 and will no longer pursue regulatory approval for the treatment.   


Regency Energy Partners (NYSE: RGP) priced its public offering of 11 million common units at the discounted price of $24.47 per unit. 

  

DHT Holdings (NYSE: DHT) announced an $80 million backstopped equity offering.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 830.

Higher Close On Strong iPad Sales

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Impressive iPad sales lifted the markets to a modestly higher close with the Dow adding 6 points to 13,239. Nasdaq gained 23 points to 3078.

On the upside

A Seeking Alpha contributor expects Agenus (Nasdaq: AGEN) to earn substantial revenue from its QS-21 substance that enhances a patient's immune response to cancer therapies. 

FBR Capital lifted its price target for EnergySolutions (NYSE: ES) from $7 to $8.


Jefferies upgraded Excel Maritime (NYSE: EXM) to a Hold rating.


On the downside


LDK Solar (NYSE: LDK) lowered the high end of its fourth quarter revenue guidance.   


Microsoft (Nasdaq: MSFT) will not release a new Xbox console in the near future. 

  

Bank of America (NYSE: BAC) denied rumors that it would issue a secondary offering.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 837.

The markets advanced during the midday with the Dow rising 36 points to 13,268 with homebuilders expecting improved sales over the next six months. Nasdaq climbed 31 points to 3086.

On the upside

Ampio Pharmaceuticals (Nasdaq: AMPE) reported upbeat results from a midstage clinical trial of its diabetic macular edema treatment Optina. 

Shares of oil tanker operators DHT Holdings (NYSE: DHT), Frontline (NYSE: FRO) and Teekay Tankers (NYSE: TNK) all climbed after the Vancouver Sun reported that Saudi Arabia will increase oil sales to the United States.


Analysts expect Lions Gate Entertainment's (NYSE: LGF) "The Hunger Games" to open this weekend with over $100 million in ticket sales.


On the downside


Shares of KB Home (NYSE: KBH) dropped after home builder sentiment held steady in March instead of rising.   


Barclays initiated coverage of Yingli Green Energy (NYSE: YGE) with an Equal Weight rating. 

  

SMF Energy (Nasdaq: FUEL) continued falling after the company suspended its dividend on Friday and warned of lower earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 11 points to 841.

The markets opened mixed with the Dow losing 10 points to 13,222 while Nasdaq added 4 points to 3059. Apple will pay its first quarterly dividend in nearly 17 years and announced a $10 billion stock repurchase plan.

On the upside

Zayo Group will take AboveNet (NYSE: ABVT) private in an all cash deal valued at approximately $2.2 billion. 

Analysts lifted their price target and earnings estimate for United States Steel (NYSE: X).


JMP Securities lifted its price target for Threshold Pharmaceuticals (Nasdaq: THLD) to $12 per share from $7 per share.


On the downside


Sanford C. Bernstein downgraded Sprint (NYSE: S) to an Underperform rating saying that the company will not be able to sell the 25 million to 30 million iPhones that it committed to selling over four years.   


A Seeking Alpha contributor wrote that Walgreens (NYSE: WAG) was unlikely to acquire Rite Aid (NYSE: RAD). 

  

Merck will no longer develop the oral formulation of its atrial fibrillation recurrence prevention medication vernakalant with Cardiome Pharma (Nasdaq: CRME).

In the broad market, declining issues edged out advancers by a slim margin on the NYSE and while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 831.

An unexpected drop in consumer sentiment weighed the markets down to a lower close with the Dow slipping 20 points to 13,232. Nasdaq eased a point to 3055.

On the upside

Rumors that billionaire investor Warren Buffet may be interested in purchasing coal stocks lifted shares of Patriot Coal (NYSE: PCX). 

ReneSola (NYSE: SOL) fell to a loss for the fourth quarter as shipments dropped but the solar products company expects shipments to climb in 2012.


Zacks listed Chemtura (Nasdaq: CHMT) as a #1 Rank after the specialty chemical company surpassed analyst expectations for the fourth quarter in a row.


On the downside


Shares of U. S. Airways (NYSE: LCC) fell after American Airlines said that it may consider merging with another airline after American exits bankruptcy.   


Five Star Equities issued a research report on Radian Group (Nasdaq: RDN) saying that analysts expect uncertainty to continue in the property and casualty insurance industry. 

  

Getty Realty (NYSE: GTY) disappointed by falling to a fourth quarter loss even as revenue climbed.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 830.

The markets traded flat during the midday with the Dow edging up 5 points to 13,258 after a disappointing slip in consumer sentiment. Nasdaq added a point to 3058.

On the upside

Shares of Frontline (NYSE: FRO) climbed after Dahlman Rose wrote that oil tanker rates are expected to be "very well supported in the coming weeks." 

Elan's (NYSE: ELN) is expected to release Phase 3 trial data for its Azheimer's Disease treatment bapineuzumab in July.


Shares of Amarin (Nasdaq: AMRN) continued rising over expectations that the U. S. Patent and Trademark will grant a patent for the biopharmaceutical's cancer treatment AMR-101.


On the downside


The 2011 compensation package for Synovus Financial (NYSE: SNV) president and chief executive Kessel D. Sterlling soared 66%.   


SMF Energy (Nasdaq: FUEL) cited sharply lower sales and earnings projections for indefinitely suspending its quarterly dividend. 

  

SunTrust downgraded Abraxas Petroleum (Nasdaq: AXAS) to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 830.

The markets opened higher with the Dow adding 7 points to 13,260 as manufacturing activity rose. Nasdaq edged up a point to 3057.

On the upside

Fourth quarter earnings more than doubled for Perfect World (Nasdaq: PWRD) to beat analyst expectations as revenue soared. 

The Food and Drug Administration granted Cytori (Nasdaq: CYTX) 510(k) clearance for its Puregraft 850 System.


Cogo Group (Nasdaq: COGO) swung to a loss for the fourth quarter but the results were better than expected as revenue surged. Separately, chief executive Jeffrey Kang offered to purchase approximately one third of the company.


On the downside


Discovery Laboratories (Nasdaq: DSCO) priced its offering of approximately 16 million common shares at the discounted price of $2.80 per share.   


OncoGenex Pharmaceuticals (Nasdaq: OGXI) priced its public offering of 4.165 million shares of common stock at the discounted price of $12.00 per share. 

  

Primo Water (Nasdaq: PRMW) narrowed fourth quarter losses but the company forecast current quarter results below expectations.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 827.

The markets advanced to close higher with the Dow gaining 58 points to 13,252 as first time applications for unemployment benefits dropped to a four year low. Nasdaq climbed 15 points to 3056.

On the upside

Shares of Amarin (Nasdaq: AMRN) continued rising over optimism that the biopharmaceutical's cardiovascular disease treatment AMR-101 will receive a patent and be approved by the Food and Drug Administration. 

USG (NYSE: USG) commenced a $300 million cash tender offer for its outstanding 9.75% senior notes due 2014.


az magazine named US Airways (NYSE: LCC) one of the Top 25 Workplaces for Women.


On the downside


Flamel Technologies (Nasdaq: FLML) fell to a loss for the fourth quarter and announced that it will acquire Eclat Pharmaceuticals.   


AmeriGas (NYSE: APU) will offer 7 million common units through a registered public offering. 

  

Shares of Pacific Sunwear (Nasdaq: PSUN) continued falling after reporting a wider fourth quarter loss yesterday.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 831.

A drop in jobless claims lifted the markets during the midday with the Dow rising 37 points to 13,231. Nasdaq gained 12 points to 3053.

On the upside

TowerStream (Nasdaq: TWER) reported a smaller than expected loss for the fourth quarter. 

Shares of CSX (NYSE: CSX) rose after Deutsche Bank Securities analyst Justin Yagerman said that investors oversold railroad stocks when coal demand fell.


Arch Coal (NYSE: ACI) named Lawrence Metzroth to the position of vice president of business development and market intelligence in Asia-Pacific and named Andrew Blumenfeld as vice president of analysis and strategy.


On the downside


KIT digital (Nasdaq: KITD) reversed year ago losses to post a profit for the fourth quarter but warned that the company will not generate positive free cash flow in the first quarter.   


Cantor downgraded Eagle Bulk Shipping (Nasdaq: EGLE) from Hold to a Sell rating after the company said that it had an oversupply of vessels. 

  

Interxion Holdings (NYSE: INXN) shareholder Chianna Investment distributed approximately 10 million shares to Baker Communications Fund partners.

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 828.

Rising gasoline prices lifted wholesale prices in February 0.4% but core prices edged up a mere 0.2%. The markets opened flat with the Dow adding 7 points to 13,202 while Nasdaq rose 9 points to 3049.

On the upside

Germany's Federal Joint Committee granted InterMune's (Nasdaq: ITMN) lung scarring treatment Esbriet additional benefit status. 

Jefferies analyst Mark Lipacis upgraded Advanced Micro Devices (NYSE: AMD) to a Buy rating and increased his price target from $7 to $10.50.


Shares of Endocyte (Nasdaq: ECYT) continued climbing after announcing plans yesterday to resume late stage clinical trials of its ovarian cancer treatment EC145.


On the downside


Guess (NYSE: GES) reported lower fourth quarter earnings and forecast current quarter and 2012 results below analyst expectations.   


Fourth quarter earnings climbed to beat expectations for Vera Bradley (Nasdaq: VRA) but the accessories retailer forecast first quarter results that fell short of estimates. 

  

Yongye International (Nasdaq: YONG) disappointed by falling to a loss for the fourth quarter even as revenue surged.

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

European countries officially approved the second bailout package for Greece to lift the markets to a modestly higher close with the Dow rising 16 points to 13,194. Nasdaq edged up a fraction to 3040.

On the upside

Endocyte (Nasdaq: ECYT) will apply for conditional marketing authorization with the European Union for its ovarian cancer treatments EC145 and EC20. 

Credit Suisse analyst Edward J. Kelly suggested that an acquisition of Rite Aid (NYSE: RAD) by Walgreen (NYSE: WAG) would be a good fit.


Eagle Bulk Shipping (Nasdaq: EGLE) reported a smaller than expected loss for the fourth quarter.


On the downside


Penson Worldwide (Nasdaq: PNSN) widened fourth quarter losses.   


Concerns that Youku's (NYSE: YOKU) $1 billion offer to purchase smaller rival Tudou was too high weighed down shares of the online video site. 

  

Shares of uranium producer Cameco (NYSE: CCJ) fell after a series of earthquakes struck Japan earlier today.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 823.

The markets traded mixed during the midday with the Dow adding 10 points to 13,188 as investors monitored earthquake activity in Japan. Nasdaq slipped 2 points to 3037.

On the upside

LSI (NYSE: LSI) cited strong sales for lifting its first quarter earnings and revenue guidance. 

SciClone Pharmaceuticals (Nasdaq: SCLN) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.


Fourth quarter earnings soared for Perma-Fix Environmental Services (Nasdaq: PESI) as revenue climbed.


On the downside


Zhongpin (Nasdaq: HOGS) warned of lower pork and hog prices in 2012 which will weigh down profit margins.   


Falling gold prices weighed down shares of Goldcorp (NYSE: GG), Kinross Gold (NYSE: KGC) and Yamana Gold (NYSE: AUY). 

  

Pacific Sunwear (Nasdaq: PSUN) widened fourth quarter losses as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 825.

The majority of the nation's largest financial firms passed the Federal Reserve's stress test to lift the markets to a higher open with the Dow rising 38 points to 13,216. Nasdaq added 6 points to 3046.

On the upside

Regions Financial (NYSE: RF) priced its offering of 152.9 million common shares at $5.90 per share to raise approximately $900 million to repurchase its preferred stock that were issued to the government under the Troubled Asset Relief Program. 

Bank of America (NYSE: BAC) passed the Federal Reserve's stress test.


Cliffs Natural Resources (NYSE: CLF) will more than double its quarterly dividend from 28 cents to 62.6 cents payable on June 1 to shareholders of record April 29.


On the downside


Citigroup (NYSE: C) and MetLife (NYSE: MET) both failed the Federal Reserve's stress test.   


Shares of Vodafone Group (Nasdaq: VOD) fell over a possible European Commission investigation for collusion. 

  

American Capital Mortgage Investment (Nasdaq: MTGE) priced its public offering of 12 million common shares to raise approximately $260 million.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by  more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 831.

February retail sales climbed a better than expected 1.1% to lift the markets to a sharply higher close with the Dow rocketing 217 points to 13,177. Nasdaq leaped 56 points to 3039.

On the upside

A Seeking Alpha contributor suggested that Acadia Pharmaceuticals (Nasdaq: ACAD) had great upside potential. 

Omeros (Nasdaq: OMER) reported upbeat results from a late stage clinical trial of its postoperative eye pain treatment OMS302.


Nautilus (NYSE: NLS) reported higher fourth quarter earnings that nearly doubled as revenue rose.


On the downside


Alliant Techsystems (NYSE: ATK) forecast 2013 earnings and revenue that fell short of analyst expectations.   


Two Crown Castle International (NYSE: CCI) directors and three executives all sold company stock. 

  

A Seeking Alpha contributor wrote that Sirius XM Radio (Nasdaq: SIRI) was overvalued.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by  more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 16 points to 831.

The markets advanced during the midday with the Dow soaring 116 points to 13,075 as retail sales climbed more than expected in February. Nasdaq surged 31 points to 3015.

On the upside

UTStarcom (Nasdaq: UTSI) reversed year ago losses to post a profit for the fourth quarter as revenue rose. 

VAALCO Energy (NYSE: EGY) reported flat fourth quarter earnings but revenue surged.


BB&T (NYSE: BBT) offered to assume $285 million in debt as part of its acquisition bid for BankAtlantic Bancorp (NYSE: BBX).


On the downside


Majesco Entertainment (Nasdaq: COOL) reported higher first quarter earnings but the results fell short of estimates and the video game publisher forecast full year results below expectations.   


VimpelCom (NYSE: VIP) blamed impairment charges for falling to a fourth quarter loss. 

  

Coleman Cable (Nasdaq: CCIX) reported flat fourth quarter earnings and forecast current quarter results that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by  more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 822.

A strong 1.1% gain in February retail sales lifted the markets to a higher open with the Dow gaining 52 points to 13,012. Nasdaq climbed 16 points to 3000.

On the upside

TBC will take Midas (NYSE: MDS) private for a premium of approximately $173 million in cash. 

Apollo Global (NYSE: APO) will pay approximately $165 million in cash to acquire Great Wolf Resorts (Nasdaq: WOLF).


GNC Holdings (NYSE: GNC) expects to report first quarter earnings ahead of expectations.


On the downside


Safe Bulkers (NYSE: SB) priced its public offering of 5 million common shares at the discounted price of $6.50 per share.   


MarketWest Energy Partners (NYSE: MWE) priced its public offering of 5.9 million common units at the discounted price of $59.54 per common unit. 

  

Urban Outfitters (Nasdaq: URBN) 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 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 818.

It was a mixed close for the markets with the Dow gaining 37 points to 12,959 as investors mulled the implications of China's greatest trade deficit in nearly a decade. Nasdaq lost 4 points to 2983.

On the upside

Rodman & Renshaw upgraded BPZ Resources (NYSE: BPZ) to a Market Outperform rating. 

Investor's Business Daily listed InvenSense (Nasdaq: INVN) as one of five top companies expected to report higher earnings.


UnionBanCal will pay approximately $1.51 billion to acquire Pacific Capital Bancorp (Nasdaq: PCBC).


On the downside


McEwen Mining (NYSE: MUX) amended its Bylaws and revised its Indemnification Agreement.   


B. Riley downgraded 8x8 (Nasdaq: EGHT) from a rating of Buy to Neutral. 

  

Tidewater's (NYSE: TDW) joint venture with Angolan oil company Sonangol will be unable to secure new charters or charter extensions until negotiations have been resolved.

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 slipped 2 points to 814.

The markets traded mixed during the midday with the Dow rising 25 points to 12,947 after China reported a wider than expected trade deficit. Nasdaq slipped 8 points to 2980.

On the upside

FuelCell Energy (Nasdaq: FCEL) will supply South Korea's POSCO Energy with 120 megawatt fuel cell units. 

Shares of Coffee Holding (Nasdaq: JVA) continued climbing after reporting higher first quarter earnings on Friday.


Velti (Nasdaq: VELT) reported sharply higher fourth quarter earnings that surpassed analyst expectations.


On the downside


Michael Kors (NYSE: KORS) announced a secondary offering of 25 million shares.   


Shares of Human Genome Sciences (Nasdaq: HGSI) fell ahead of its presentation at the Barclays Capital 2012 Global Healthcare Conference on Wednesday, March 14. 

  

Shares of Ferrellgas Partners (NYSE: FGP) continued falling after reporting lower propane sales due to warmer weather.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 814.

China reported a greater than expected trade deficit in February of $31.48 billion. The markets opened mixed with the Dow adding 14 points to 12,936 while Nasdaq lost 4 points to 2983.

On the upside

Youku (NYSE: YOKU) will merge with rival Tudou (Nasdaq: TUDO) in an all stock deal valued at approximately $1.1 billion. 

Asahi Kasei will pay approximately $2.21 billion in cash to acquire Zoll Medical (Nasdaq: ZOLL).


Clean Diesel Technologies (Nasdaq: CDTI) reversed year ago losses to post a profit for the fourth quarter as revenue surged.


On the downside


Tranzyme Pharma's (Nasdaq: TZYM) experimental bowel medication ulimorelin failed a late stage clinical trial.   


Anthera Pharmaceuticals (Nasdaq: ANTH) stopped a late stage clinical trial of its cardiovascular disease treatment varespladib because the drug was ineffective. 

  

Wedbush downgraded Heckmann (NYSE: HEK) to an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 814.

More jobs than expected were created last month but the nation's trade imbalance widened in January. The markets closed modestly higher with the Dow adding 14 points to 12,922 while Nasdaq gained 17 points to 2988.

On the upside

Aastrom Biosciences (Nasdaq: ASTM) raised $40 million through a private placement. 

Bargain hunters lifted shares of Pandora Media (NYSE: P), whose shares plunged Wednesday after the Internet radio company reported a wider fourth quarter loss and forecast first quarter results below analyst expectations.


Five Star Equities issued a research report on USEC (NYSE: USU) citing India's commitment to nuclear energy for issuing a strong growth outlook for the nuclear sector.


On the downside


Court appointed bankruptcy examiner Susheel Kirpalani said that Dynegy (NYSE: DYN) subsidiary Dynegy Holdings fraudulently transferred its coal division to shield its assets before filing for bankruptcy.   


Dex One (NYSE: DEXO) amended its credit agreements to allow the company to repurchase bank loans at a discounted price. 

  

Alon USA Energy (NYSE: ALJ) reported a loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 817.

Employers created an impressive 227,000 jobs in February to lift the markets during the midday with the Dow gaining 38 points to 12,946. Nasdaq climbed 21 points to 2991.

On the upside

Smith & Wesson (Nasdaq: SWHC) swung to a greater than expected profit for the third quarter as revenue climbed prompting the firearms maker to lift its full year guidance. 

Wells Fargo analyst Jennifer Fritzsche wrote yesterday that Sprint (NYSE: S) will convert AT&T (NYSE: T) and T-Mobile users with its unlimited data plans.


Coffee Holding (Nasdaq: JVA) reported higher first quarter earnings as revenue more than doubled.


On the downside


Questcor (Nasdaq: QCOR) reported sequentially lower sales of its multiple sclerosis treatment Acthar.   


Quiksilver (NYSE: ZQK) widened first quarter losses more than expected even as revenue rose. 

  

Zogenix (NYSE: ZGNX) widened fourth quarter losses more than expected as revenue fell and the pharmaceutical forecast 2012 revenue below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 14 points to 820.

Upbeat job creation numbers lifted the markets to a higher open with the Dow rising 41 points to 12,949. Nasdaq gained 16 points to 2986.

On the upside

Insight Venture Partners will take Quest Software (Nasdaq: QSFT) private in an all cash deal valued at approximately $2 billion. 

Molycorp (NYSE: MCP) will pay approximately CA$1.3 billion to acquire Neo Materials Technologies.


While China Mobile (NYSE: CHL) does not have a contract with Apple (Nasdaq: AAPL), it has over 15 million iPhone users on its 2G network.


On the downside


Bank of America Merrill Lynch downgraded Green Mountain Coffee Roasters (Nasdaq: GMCR) from a Buy to a Neutral rating.   


ARMOUR Residential REIT (NYSE: ARR) priced its offering of 31 million common shares. 

  

Heckmann (NYSE: HEK) will pay approximately $245 million in cash and stock to acquire Thermo Fluids.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 806.

The markets closed higher with the Dow climbing 70 points to 12,907 after a majority of Greece's debtholders accepted a bond swap offer. Nasdaq gained 34 points to 2970.

On the upside

MicroVision (Nasdaq: MVIS) regained compliance for Nasdaq listing. 

Shares of Hovnanian Enterprises (NYSE: HOV) continued climbing after narrowing first quarter losses more than expected yesterday.


Verso Paper Holdings (Nasdaq: MDVN) plans to issue $345 million worth of senior secured notes.


On the downside


Investors locked in profits on Discovery Laboratories (Nasdaq: DSCO) whose stock price surged on Tuesday after the Food and Drug Administration approved Surfaxin to prevent respiratory distress in premature infants.   


Profit taking sank shares of Men's Wearhouse (NYSE: MW), whose stock price climbed yesterday after narrowing fourth quarter losses more than expected. 

  

Sigma Designs (Nasdaq: SIGM) disappointed by falling to a greater than expected loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 806.

A majority of Greek debtholders agree to the bond exchange deal to lift the markets higher during the midday with the Dow gaining 77 points to 12,915. Nasdaq climbed 31 points to 2967.

On the upside

Sequenom (Nasdaq: SQNM) reported a loss for the fourth quarter but revenue rose. 

Threshold Pharmaceuticals (Nasdaq: THLD) narrowed fourth quarter losses more than expected.


Johnson & Johnson's (NYSE: JNJ) upbeat clinical trial results for its prostate cancer treatment Zytiga lifted shares of Medivation (Nasdaq: MDVN), which is developing its own prostate cancer medication.


On the downside


Williams-Sonoma (NYSE: WSM) announced the retirement of chief financial officer Sharon McCollam.   


Dynegy (NYSE: DYN) widened fourth quarter losses more than expected as revenue tumbled. 

  

Shares of ZELTIQ Aesthetics (Nasdaq: ZLTQ) fell for the third day after the medical technology company reported a wider than expected fourth quarter loss.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 803.

The markets opened higher with the Dow rising 31 points to 12,869 as more Greek debt holders begin accepting the debt swap deal. Nasdaq gained 11 points to 2947.

On the upside

Nomura upgraded American Eagle Outfitters (NYSE: AEO) to a Buy rating. 

Wynnchurch affiliate USP Holdings will pay approximately $89.8 million in cash to acquire Mueller Water Products' (NYSE: MWA) United State Pipe and Foundry Company, LLC and Fast Fabricators, LLC.


Imperial Sugar (Nasdaq: IPSU) will sell its 50% interest in Wholesome Sweetners to an affiliate of private investment group Arlon Group.


On the downside


Shares of Provenge maker Dendreon (Nasdaq: DNDN) tumbled after Johnson & Johnson (NYSE: JNJ) reported positive results from a late stage clinical trial of its prostate cancer treatment Zytiga.   


The Treasury Department announced plans to sell approximately 206.9 million shares of  American International Group (NYSE: AIG) stock at $29 per share. 

  

McDonald's (NYSE: MCD) disappointed with lower than expected February same store sales.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 796.

A better than expected increase in private sector hiring lifted the markets to a higher close with the Dow climbing 78 points to 12,837. Nasdaq gained 25 points to 2935.

On the upside

InvenSense (NYSE: INVN) priced its follow-on offering of 6.5 million common shares at $14.85 per share. 

A Seeking Alpha contributor suggested that Agenus (NYSE: AGEN) would be a likely target for acquisition.


Radian Guaranty (NYSE: RDN) announced $2 billion in new insurance written in February and that mortgage insurance delinquencies fell.


On the downside


First Solar (Nasdaq: FSLR) will cut production in Germany and Malaysia and postpone opening a Mesa, Arizona plant.   


Helix Energy Solutions (NYSE: HLX) priced its offering of $200 million worth of convertible senior notes. 

  

Canadian Solar (Nasdaq: CSIQ) fell to a greater than expected loss for the fourth quarter even as revenue rose.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 795.

Upbeat jobs data lifted the markets during the midday with the Dow gaining 67 points to 12,826. Nasdaq climbed 24 points to 2935.

On the upside

Valero Energy (NYSE: VLO) reassured investors that a Memphis refinery fire yesterday did not impact any production units. 

Global Cash Access (NYSE: GCA) reported higher fourth quarter earnings that beat analyst expectations.


Bon-Ton Stores (Nasdaq: BONT) reported lower fourth quarter earnings and revenue but the stock price rose.


On the downside


Deckers Outdoor (Nasdaq: DECK) chief executive Angel Martinez and chief of operations Ziv Zohar sold shares of company stock last month.   


Aircastle (NYSE: AYR) priced its public offering of 5 million common shares. 

  

Syntroleum (Nasdaq: SYNM) reported a loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 7 points to 794.

The private sector created more jobs than expected in February to lift the markets to a higher open with the Dow rising 33 points to 12,792. Nasdaq gained 15 points to 2925.

On the upside

Nuance Communications (Nasdaq: NUAN) will pay approximately $300 million in cash to acquire Transcend Services (Nasdaq: TRCR). 

Shares of Discovery Laboratories (Nasdaq: DSCO) continued climbing after the Food and Drug Administration approved the biotechnology firm's premature infant respiratory distress syndrome prevention drug Surfaxin yesterday.


Ciena (Nasdaq: CIEN) narrowed first quarter losses even as revenue fell.


On the downside


Raymond James downgraded Pandora Media (NYSE: P) after the online music service reported that its fourth quarter loss widened more than expected yesterday.   


Santander Investment Securities downgraded Vale (Nasdaq: BVSN) to a Hold rating and removed the Brazilian mining company from a list of top mining sector picks. 

  

Ladenburg Thalmann downgraded Vermillion (Nasdaq: VRML) to a Sell rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 790.

Greek default fears sent the markets into a tailspin to close sharply lower with the Dow sinking 203 points to 12,758. Nasdaq plunged 40 points to 2910.

On the upside

Shuffle Master (Nasdaq: SHFL) reported sharply higher first quarter earnings that beat analyst expectations and announced that it will acquire Ongame Network. 

Canaccord Genuity initiated coverage of Sunesis Pharmaceuticals (Nasdaq: SNSS) with a Buy rating.

 

Jarden (NYSE: JAH) will pay approximately $442.6 million to purchase about 12.3 million shares of its stock in a modified Dutch auction tender offer.


On the downside


NetQin Mobile (NYSE: NQ) reversed year ago losses to post a profit for the fourth quarter but the stock price fell.   


The nonprofit Association of International Deflation Society advised investors to avoid Broadvision (Nasdaq: BVSN). 

  

Fourth quarter earnings plunged for Akorn (Nasdaq: AKRX) to fall short of expectations and the company forecast 2012 revenue below estimates.

In the broad market, declining issues outpaced advancers by a margin of 10 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 16 points to 787.

The markets extended its losses during the midday with the Dow collapsing 203 points to 12,758 over renewed fears of a Greek default. Nasdaq plummeted 43 points to 2906.

On the upside

The American Medical Association Current Procedural Terminology Panel approved Vermillion's (Nasdaq: VRML) Category 1 CPT code application for its OVA1 test to differentiate benign versus malignant ovarian masses. 

Harvest Natural Resources (NYSE: HNR) reported a 33% increase in oil production in 2011 at its Venezuelan affiliate Petrodelta.

 

Robert W. Baird upgraded OmniVision Technologies (Nasdaq: OVTI) to an Outperform rating over expectations that the company will provide camera technology for Apple's (Nasdaq: AAPL) iPad3.


On the downside


Mechel OAO (NYSE: MTL) named Yuri Yampolsky to the position of chief executive officer.   


RAIT Financial Trust (NYSE: RAS) priced its public offering of 6.95 million common shares at the discounted price of $5.30 per share. 

  

ZELTIQ Aesthetics (Nasdaq: ZLTQ) widened fourth quarter losses even as revenue soared.

In the broad market, declining issues outpaced advancers by a margin of 10 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 15 points to 788.

Private bondholders must accept a bond swap with Greece by Thursday night or risk a disorderly default that may spread to Italy and Spain. The markets tumbled to a sharply lower open with the Dow plunging 168 points to 12,793 while Nasdaq plummeted 47 points to 2902.

On the upside

XOMA (Nasdaq: XOMA) will raise approximately $39.2 million through a public offering of more than 29 million common shares. 

Monster Worldwide (NYSE: MWW) retained the services of Stone Key Partners and Bank of America Merrill Lynch to explore strategic alternatives.

 

VeriFone Systems (NYSE: PAY) reported a loss for the first quarter but the results were better than expected and the company forecast full year results ahead of estimates.


On the downside


Oncothyreon (Nasdaq: ONTY) widened fourth quarter losses more than expected and warned of higher expenses in 2012.   


Investors locked in profits on Keryx Biopharmaceuticals (Nasdaq: KERX) and AEterna Zentaris (Nasdaq: AEZS) whose shares surged yesterday. 

  

NutriSystem (NYSE: NTRI) disappointed by falling to a greater than expected loss for the fourth quarter as revenue tumbled and warned of losses for the current quarter.

In the broad market, declining issues outpaced advancers by a margin of more than 11 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 792.

The markets closed lower with the Dow losing 14 points to 12,962 after China trimmed its economic growth target. Nasdaq fell 25 points to 2950.

On the upside

On Friday, the Street listed Galena Biopharma (Nasdaq: GALE) as one of five stocks poised to break-out. 

BioCryst Pharmaceuticals (Nasdaq: BCRX) presented today at the Cowen & Co. 32nd Annual Healthcare Conference in Boston.

 

Alimera Sciences (Nasdaq: ALIM) will present at the Cowen & Co. 32nd Annual Healthcare Conference in Boston on Wednesday.


On the downside


Arcos Dorados Holdings (NYSE: ARCO) reported higher fourth quarter earnings as revenue climbed but the results missed estimates.   


Shares of AK Steel Holding (NYSE: AKS) fell after China lowered its economic growth target for the year. 

  

AuRico Gold (NYSE: AUQ) announced the addition of 1.01 million gold equivalent ounces to its Proven and Probable reserves at Young-Davidson.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 803.

The nation's service sector expanded more than expected in February but rising fuel costs dampened investor enthusiasm. The markets traded lower during the midday with the Dow slipping 23 points to 12,953 while Nasdaq dropped 31 points to 2944.

On the upside

Stifel Nicolaus analyst Jordan Rohan upgraded Pandora Media (NYSE: P) to a Buy rating. 

An American Medical Association panel approved TranS1's (Nasdaq: TSON) application for a Category I CPT code for the medical device company's AxiaLIF implant.

 

A Seeking Alpha contributor recommended that investors acquire shares of Zogenix (Nasdaq: ZGNX) before the pharmaceutical releases earnings on Thursday.


On the downside


Analysts expect A123 Systems (NYSE: AONE) to post a loss for the fourth quarter on Thursday.   


Warmer weather weighed down shares of coal companies Alpha Natural Resources (NYSE: ANR) and Patriot Coal (NYSE: PCX). 

  

Shares of Polypore (NYSE: PPO) tumbled after General Motors (NYSE: GM) announced a five week production stoppage for the Chevy Volt.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 801.

The markets opened lower with the Dow tumbling 80 points to 12,897 after China lowered its 2012 growth target. Nasdaq fell 17 points to 2958.

On the upside

A Seeking Alpha article on Friday said that Keryx (Nasdaq: KERX) and Aeterna Zentarix (Nasdaq: AEZS) are expected to report upbeat results from a Phase 3 clinical trial of their cancer treatment Perifosine. 

Archipelago Learning (Nasdaq: ARCL) will be acquired by Plato Learning for approximately $291 million in cash.

 

Shares of Sino Clean Energy (Nasdaq: SCEI) continued surging after an independent auditor reported last week that the company's financials were unlikely to have been misstated.


On the downside


Workers at Freeport-McMoRan's (NYSE: FCX) Grasberg copper mine in Indonesia will refuse to return to work.   


US Airways Group (NYSE: LCC) reported increased traffic and load factor but the stock price slipped. 

  

J. P. Morgan downgraded Zynga (Nasdaq: ZNGA) to a Neutral rating citing its recent valuation surge.

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 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 801.

Middle East tensions weighed the markets down to a modestly lower close with the Dow easing 2 points to 12,977. Nasdaq lost 12 points to 2976.

On the upside

Shares of online review site Yelp (NYSE: YELP) surged on its first day of trading. 

Morgan Stanley analyst Katy Hubert reinstated coverage of Fusion-IO (NYSE: FIO) with an Overweight rating.

 

Fourth quarter earnings fell for Exelis (NYSE: XLS) but the company forecast 2012 results ahead of expectations.


On the downside


CNinsure (Nasdaq: CISG) disappointed by falling to a loss for the fourth quarter.   


Motricity (Nasdaq: MOTR) swung to a fourth quarter loss as revenue dropped. 

  

UBS downgraded Monster Worldwide (NYSE: MWW) from a Buy rating to Neutral.

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 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 12 points to 802.

Markets Slip Even As Oil Retreats

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The markets turned negative during the midday with the Dow slipping 15 points to 12,965 even as crude oil prices retreated. Nasdaq fell 11 points to 2977.

On the upside

ATP Oil & Gas (Nasdaq: ATPG) reported upbeat oil production rates from its Mississippi Canyon Block 942 A-3 well. 

Thornhill Capital completed its Asset and Cash Verification Reports for Sino Clean Energy (Nasdaq: SCEI) and stated that it was unlikely for the company's financial results to be misstated.

 

Wynn Resorts (Nasdaq: WYNN) stock continued climbing even after the casino operator filed an erroneous report about an agreement to develop a new resort in Macau.


On the downside


Concerns about Amarin's (NYSE: AMRN) patent application rejected weighed down shares of the biopharmaceutical.   


Dex One (NYSE: DEXO) reversed year ago losses to post a profit for the fourth quarter but the marketing solutions firm warned of weakness in the first quarter. 

  

Tutor Perini (NYSE: TPC) reported higher fourth quarter earnings but the results fell far short of analyst expectations.

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 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 803.

Mixed Open As Gas Prices Rise

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The markets opened mixed with the Dow easing 2 points to 12,977 while Nasdaq added 5 points to 2994 as gasoline prices continued to rise.

On the upside

Microsoft (Nasdaq: MSFT) selected Renren's (NYSE: RENN) Renren HD as the first social networking application for its Windows 8 store. 

Shutterfly (Nasdaq: SFLY) offered approximately $23.8 million to acquire Kodak's online photo services site Kodak Gallery.

 

Sara Lee (NYSE: SLE) will distribute approximately $4.55 billion in stock to its shareholders after spinning off its Coffee & Tea unit.


On the downside


DCP Midstream Partners (NYSE: DPM) priced its public offering of 4.75 million common units at a discount of $47.42 per common unit.   


A123 Systems (Nasdaq: AONE) warned of a significant fourth quarter loss after Fisker Automotive cut its battery orders. 

  

EXCO Resources (NYSE: XCO) declared a quarterly dividend of 4 cents per share payable on March 30, 2012 to shareholders of record on March15, 2012.

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

Upbeat February same store sales reports lifted the markets to a higher close with the Dow rising 28 points to 12,980. Nasdaq climbed 22 points to 2988.

On the upside

Zynga (Nasdaq: ZNGA) introduced a new gaming platform separate from Facebook. 

Liz Claiborne (NYSE: LIZ) reversed year ago losses to post a profit for the fourth quarter.

 

Credit Suisse analyst Kulbinder Garcha reinstated coverage of Fusion-IO (NYSE: FIO) with an Outperform rating.


On the downside


DigitalGlobe (NYSE: DGI) fell to a loss for the fourth quarter that was greater than expected.   


FelCor Lodging Trust (NYSE: FCH) stock continued falling after the company reported a fourth quarter loss yesterday and forecast 2012 results below estimates. 

  

MCG Capital (Nasdaq: MCGC) widened fourth quarter losses and announced the elimination of 22 employees and five resignations.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 815.

Manufacturing activity continued to expand in February but at a slower pace. The markets traded higher during the midday with the Dow rising 41 points to 12,993 while Nasdaq gained 20 points to 2987.

On the upside

James River Coal (Nasdaq: JRCC) swung to a loss for the fourth quarter due to an income tax expense but revenue doubled to surpass analyst expectations and the company forecast higher coal shipments for 2012. 

Monster Worldwide (NYSE: MWW) will explore strategic alternatives to increase shareholder value.

 

McDermott International (NYSE: MDR) reported lower fourth quarter earnings but revenue soared.


On the downside


Shares of First Solar (Nasdaq: FSLR) continued falling after reporting an unexpected loss Tuesday after market close.   


Trusts benefiting Seadrill (NYSE: SDRL) chairman John Fredriksen will sell 24 million shares of Seadrill common stock. 

  

MBIA (NYSE: MBI) fell to a fourth quarter loss due to a significant pre-tax loss.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 818.

First time applications for unemployment benefits slipped to its lowest level since 2008 to lift the markets to a higher open with the Dow gaining 54 points to 13,006. Nasdaq rose 15 points to 2982.

On the upside

Gap (NYSE: GPS) reported a stronger than expected 4% gain in February same store sales. 

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

 

A123 Systems (Nasdaq: AONE) will supply Tata Motors with lithium ion battery packs.


On the downside


Chimera Investment (NYSE: CIM) will delay filing its quarterly report.   


Spectrum Pharmaceuticals (Nasdaq: SPPI) reported higher fourth quarter earnings but the results fell far short of analyst expectations. 

  

Sotheby's (NYSE: BID) disappointed with lower fourth quarter earnings that fell far short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 818.

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