April 2012 Archives

The markets closed lower with the Dow slipping 14 points to 13,213 despite a gain in household income as consumer spending slowed last month. Nasdaq dropped 22 points to 3046.

On the upside

J. P. Morgan raised its price target for SandRidge Energy (NYSE: SD) to $13 from $9.50 and upgraded the company to an Overweight rating. 


Collective Brands (NYSE: PSS) indicated that it favored the acquisition offer from a group lead by Wolverine World Wide (NYSE: WWW).

 

Accretive Health (NYSE: AH) filed a motion to dismiss the Minnesota Attorney General's complaint against the company's debt collection practices.


On the downside


Groupon (Nasdaq: GRPN) replaced board of director members Howard Schultz and Kevin Efrusy.  


Shares of Fusion-io (NYSE: FIO) continued falling after reporting a third quarter loss last week. 

  

Sohu (Nasdaq: SOHU) reported first quarter earnings and revenue that topped analyst estimates but the company forecast current quarter results well below expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 816.

Weak consumer spending in March weighed the markets down during the midday with the Dow losing 38 points to 13,189. Nasdaq fell 19 points to 3049.

On the upside

Warner Chilcott (Nasdaq: WCRX) said that it has engaged in discussions with potential suitors for a possible sale of the specialty pharmaceutical. 


The Wall Street Journal reported that Monster Beverage (Nasdaq: MNST) may be acquired by Coca-Cola (NYSE: KO).

 

Conceptus (Nasdaq: CPTS) settled its patent infringement suit against Hologic (Nasdaq: HOLX) with Hologic agreeing to withdraw its Adiana Permanent Contraception System from the worldwide market by May 18, 2012.


On the downside


The Food and Drug Administration warned GNC Holdings (NYSE: GNC) on Friday that supplements containing DMAA may elevate blood pressure and could potentially lead to heart attack.  


Tenneco (NYSE: TEN) reported sharply lower first quarter earnings that fell short of analyst expectations. 

  

Ladenburg Thalmann downgraded Heckmann (NYSE: HEK) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 817.

Spain's economy fell into another recession to weigh the markets down to a lower open with the Dow slipping 22 points to 13,206. Nasdaq lost 20 points to 3049.

On the upside

Barnes & Noble (NYSE: BKS) partnered with Microsoft (Nasdaq: MSFT) to form the digital reading subsidiary Newco with Microsoft investing $300 million for a 17.6% stake. 


Hologic (Nasdaq: HOLX) will pay a premium of approximately $3.75 billion in cash to acquire Gen-Probe (Nasdaq: GPRO).

 

Energy Transfer Partners (NYSE: ETP) will acquire Sunoco (NYSE: SUN) in a deal valued at approximately $5.3 billion.


On the downside


Deutsche Bank downgraded VeriFone (Nasdaq: PAY) to a Sell rating.  


Humana (NYSE: HUM) disappointed with lower first quarter earnings that fell short of analyst expectations. 

  

First quarter earnings slipped for LyondellBasell Industries (NYSE: LYB) as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 820.

Higher Close On Upbeat Earnings

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The markets closed higher with the Dow rising 23 points to 13,228 on upbeat earnings news. Nasdaq gained 18 points to 3069.

On the upside

Cray (Nasdaq: CRAY) swung to a better than expected profit for the first quarter as revenue more than doubled prompting the company to raise its full year guidance. 


Fortune Brands Home & Security (NYSE: FBHS) reversed year ago losses to post a stronger than expected profit for the first quarter and lifted its full year earnings outlook.

 

Jazz Pharmaceutical (Nasdaq: JAZZ) will pay approximately $700 million to acquire privately held cancer treatment maker EUSA Pharma.


On the downside


Zynga (Nasdaq: ZNGA) fell to a first quarter loss due to stock compensation expenses.  


Maxwell Technologies (Nasdaq: MXWL) swung to a profit for the first quarter but revenue missed estimates. 

  

Silicon Motion Technology (Nasdaq: SIMO) reported higher first quarter earnings that beat analyst expectations but the company forecast current quarter and full year revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 825.

Strong corporate earnings news lifted the markets higher during the midday with the Dow gaining 53 points to 13,258. Nasdaq climbed 22 points to 3073.

On the upside

The Motley Fool noted that several doctors supported approval of Arena Pharmaceuticals' (Nasdaq: ARNA) obesity treatment Lorcaserin. 


Rising gold prices boosted first quarter earnings sharply higher for Agnico-Eagle Mines (NYSE: AEM).

 

Shares of PulteGroup (NYSE: PHM) continued rising after reporting narrower first quarter losses yesterday.


On the downside


Republic Services (NYSE: RSG) reported lower first quarter earnings that fell short of analyst expectations.  


Goodyear Tire & Rubber (NYSE: GT) blamed refinancing charges for falling to a first quarter loss and warned of lower sales for the year. 

  

JMP Securities downgraded InterMune (Nasdaq: ITMN) to a Market Perform rating.

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 6 points to 825.

The markets opened flat with the Dow adding 7 points to 13,212 while Nasdaq eased a fraction to 3050 as the nation's economy expanded slower than expected in the first quarter.

On the upside

Amazon (Nasdaq: AMZN) reported lower first quarter earnings but the results surpassed analyst expectations by a wide margin. 


Expedia (Nasdaq: EXPE) slipped to a first quarter loss but the results were better than expected.

 

Times of London reported that Warner Chilcott (Nasdaq: WCRX) may be acquired by Bayer.


On the downside


Allscripts Healthcare Solutions (Nasdaq: MDRX) blamed higher development costs for sharply lower first quarter earnings that fell far short of expectations and announced the resignation of chief financial officer Bill Davis.  


Western Digital (NYSE: WDC) reported sharply higher third quarter earnings and revenue that beat analyst expectations but the company said that prices have stabilized. 

  

First quarter earnings plunged for Deckers Outdoor (Nasdaq: DECK) to fall short of expectations as warm winter weather dampened demand for Ugg boots.

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 4 points to 813.

Upbeat corporate earnings along with an increase in March pending home sales boosted the markets to a sharply higher close with the Dow soaring 113 points to 13,204. Nasdaq climbed 20 points to 3050.

On the upside

PulteGroup (NYSE: PHM) narrowed first quarter losses as increasing home prices boosted revenue. 


First quarter earnings slipped for Citrix Systems (Nasdaq: CTXS) but the results surpassed analyst expectations prompting the software firm to lift its full year guidance.

 

Incyte (Nasdaq: INCY) widened first quarter losses but revenue rose and the results were better than expected.


On the downside


Akamai Technologies (Nasdaq: AKAM) reported lower first quarter earnings and forecast current quarter income below estimates.  


Goldcorp (NYSE: GG) reported higher first quarter earnings but the results missed analyst expectations. 

  

Tenet Healthcare (NYSE: THC) blamed increasing bad debt for reporting lower preliminary first quarter earnings.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 818.

The markets advanced during the midday with the Dow gaining 62 points to 13,153 as pending home sales climbed more than expected in March. Nasdaq added 6 points to 3035.

On the upside

Shares of Amarin (Nasdaq: AMRN) rose after competing omega-3 drug developer Omthera Pharmaceuticals reported late stage clinical trial results indicating that its Epanova was inferior to Amarin's AMR101. 


First quarter earnings slipped for Monster Worldwide (NYSE: MWW) but the results beat analyst expectations.

 

Suburban Propane Partners (NYSE: SPH) will pay approximately $1.8 billion to acquire the propane operations of Inergy (NYSE: NRGY).


On the downside


NII Holdings (Nasdaq: NIHD) disappointed with first quarter earnings that plummeted.  


Leap Wireless (Nasdaq: LEAP) widened first quarter losses as interest expenses climbed. 

  

H&R Block (NYSE: HRB) will close approximately 200 offices nationwide and eliminate 350 jobs.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 815.

First time applications for unemployment benefits slipped last week but the number was greater than expected. The markets opened higher with the Dow rising 45 points to 13,136 while Nasdaq added 7 points to 3037.

On the upside

Fourth quarter earnings fell for Cirrus Logic (Nasdaq: CRUS) but the results beat analyst expectations.


Nuance Communications (Nasdaq: NUAN) reported preliminary second quarter results ahead of prior guidance.


Logitech International (Nasdaq: LOGI) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.


On the downside


Alcatel-Lucent (NYSE: ALU) reported higher first quarter earnings due to the sale of its conference calling business Genesys but gross margin dropped.


MetroPCS (NYSE: PCS) disappointed with sharply lower first quarter earnings that fell far short of analyst expectations as expenses climbed prompting a downgrade.

  

First quarter earnings fell for Aetna (NYSE: AET) to miss analyst expectations as expenses climbed.

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

The markets closed higher with the Dow gaining 89 points to 13,090 after the Federal Reserve affirmed its commitment to maintaining record low interest rates until at least late 2014. Nasdaq jumped 68 points to 3029.

On the upside

Unisys (NYSE: UIS) swung to a greater than expected profit for the first quarter as revenue rose.


First quarter earnings more than doubled for Aflac (NYSE: AFL) to top analyst estimates as revenue climbed.


Dana Holding (NYSE: DAN) reversed year ago losses to post a better than expected first quarter profit.


On the downside


Caterpillar (NYSE: CAT) reported higher first quarter earnings but revenue fell short of analyst expectations.


The Minnesota attorney general reported that Accretive Health (NYSE: AH) pressured patients while they were still in the hospital to pre-pay for services and to repay past debt.

  

Fibria (NYSE: FBR) priced its offering of 86 million common shares at $8.43 per American Depository Share.

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 surfed 14 points to 812.

Higher Open On Upbeat Earnings

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Strong earnings boosted the markets to a higher open with the Dow climbing 82 points to 13,083 while Nasdaq leaped 63 points to 3024.

On the upside

Apple (Nasdaq: AAPL) impressed with first quarter earnings that nearly doubled to surpass analysts expectations on strong iPhone sales.


Sprint (NYSE: S) widened first quarter losses but the results were better than expected.


The Centers for Medicare & Medicaid Services may phase-in cuts to reimbursement rates for long-term care hospitals lifting shares of Kindred Healthcare (NYSE: KND).


On the downside


Baidu (Nasdaq: BIDU) reported sharply higher first quarter earnings that topped analyst estimates but the Chinese search engine current quarter revenue that fell short of expectations.


First quarter recurring profit fell for Itau Unibanco (NYSE: ITUB) to miss analyst expectations as defaults continued rising.

  

Hess (NYSE: HES) disappointed with sharply lower first quarter earnings as production costs climbed.

In the broad market, advancing issues outpaced decliners 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 soared 12 points to 810.

The markets closed mixed with the Dow gaining 74 points to 13,001 as new home sales dropped last month. Nasdaq fell 8 points to 2961.

On the upside

First quarter earnings plunged for Juniper Networks (NYSE: JNPR) due to product adoption delays but the results were better than expected.


Affymax (Nasdaq: AFFY) and Takeda Pharmaceutical will begin selling their once-a-month injection treatment for anemia caused by kidney disease.


Carlisle Companies (NYSE: CSL) reported sharply higher first quarter earnings that surpassed analyst expectations by a wide margin.


On the downside


TheStreet expects Galena Biopharma's (Nasdaq: GALE) breast cancer vaccine NeuVax to fail its Phase III clinical trial.


Jefferies analyst Thomas Seltz cited Verizon's (NYSE: VZ) spectrum sale for downgrading Clearwire (Nasdaq: CLWR) to a Hold rating.

  

ARM Holdings (Nasdaq: ARMH) reported higher first quarter earnings and revenue but the chip design company forecast full year results below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 798.

Markets Mixed As Home Prices Fall

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The markets traded mixed during the midday as falling home prices tempered enthusiasm for upbeat earnings. The Dow climbed 86 points to 13,013 while Nasdaq lost 11 points to 2959.

On the upside

Parker Hannifin (NYSE: PH) reported higher third quarter earnings that surpassed analyst expectations.


First quarter earnings climb for Align Technology (Nasdaq: ALGN) to beat estimates and the company forecast second quarter results ahead of expectations.


Lennox International (NYSE: LII) reversed year ago losses to post a profit for the first quarter.


On the downside


Sanmina-SCI (Nasdaq: SANM) fell to a loss for the second quarter as revenue dropped and the company forecast third quarter results below estimates.


RadioShack (NYSE: RSH) disappointed with an unexpected loss for the first quarter as revenue fell.

  

Plans by California to overhaul its prisons to save billions of dollars by closing one prison and returning 9,500 prison inmates in out of state facilities back to California weighed down shares of private correctional facilities operator Corrections Corporation of America (NYSE: CXW).

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 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 797.

Strong Earnings Boost Markets

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Strong earnings news restored investor confidence to lift the markets to a sharply higher open with the Dow soaring 104 points to 13,031. Nasdaq added 2 points to 2972.

On the upside

First quarter earnings slipped for Baker Hughes (NYSE: BHI) as expenses rose but the results beat analyst expectations.


The Hershey Co. (NYSE: HSY) reported higher first quarter earnings that topped analyst estimates prompting the candy maker to lift its full year revenue guidance.


Central European Distribution (Nasdaq: CEDC).


On the downside


Netflix (Nasdaq: NFLX) reported a loss for the first quarter and warned that subscriber growth for its video streaming service would slow.


Big Lots (NYSE: BIG) warned that same store sales may slip for the first quarter.

  

Symantec (Nasdaq: SYMC) said that fourth quarter earnings and revenue will miss expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 795.

The collapse of the Dutch government sent the markets plummeting to a sharply lower close with the Dow plunging 102 points to 12,927. Nasdaq tumbled 30 points to 2970.

On the upside

Hedge fund Jana Partners acquired a 12.5% stake in Barnes & Noble (NYSE: BKS).


Ramesh Gulati of Gulati Asset Management highlighted specialty MRI equipment firm Fonar (Nasdaq: FONR) as one of a number of health care companies that will benefit from aging baby boomers.


Central European Distribution (Nasdaq: CEDC) and Russian Standard formed a strategic alliance.


On the downside


Time Warner Cable (NYSE: TWX) did not renew its network connections contract with Otelco (Nasdaq: OTT).


Kellogg (NYSE: K) blamed weakness in Europe for lowering its full year outlook.

  

Hyperdynamics (NYSE: HDY) will provide a first quarter business update on Thursday, May 10, 2012.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 12 points to 791.

Dutch Prime Minister Mark Rutte resigned after austerity negotiations collapsed. The markets skidded during the midday with the Dow plummeting 138 points to 12,890 while Nasdaq plunged 35 points to 2964.

On the upside

Keryx Biopharmaceuticals (Nasdaq: KERX) reported positive results from a late stage clinical trial in Japan of its kidney disease treatment Zerenex.


Bargain hunters lifted shares of Chesapeake Energy (NYSE: CHK), whose stock price fell last week over disclosure that chief executive Aubrey McClendon took loans of up to $1.1 billion against his interest in wells received as compensation.


First quarter earnings soared for SunTrust Banks (NYSE: STI) as the bank wrote more mortgage and commercial loans.


On the downside


STMicroelectronics' (NYSE: STM) and Ericsson's (Nasdaq: ERIC) joint venture ST-Ericsson will eliminate 1,700 jobs and announced a new strategic direction.


MGIC Investment (NYSE: MTG) reported a loss for the first quarter.

  

Nabi Biopharmaceuticals (Nasdaq: NABI) will merge with Australian company Biota Holdings.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 13 points to 790.

A breakdown in budget negotiations in the Netherlands renewed concerns about the European economy sending the markets tumbling to a sharply lower open with the Dow slumping 161 points to 12,867. Nasdaq plummeted 45 points to 2954.

On the upside

Andrea Biosciences (Nasdaq: RDEA) will be acquired by AstraZeneca (NYSE: AZN) in a deal valued at approximately $1.26 billion.


Reuters reported that Amylin Pharmaceuticals (Nasdaq: AMLN) retained the services of Credit Suisse and Goldman Sachs to explore the possible sale of the company.


Brinker International (NYSE: EAT) reported higher third quarter earnings that beat analyst expectations as revenue rose.


On the downside


A New York Times article alleged that Wal-Mart (NYSE: WMT) halted an internal investigation into bribery in Mexico.


Check Point Software Technologies (Nasdaq: CHKP) reported higher first quarter earnings as revenue rose but the stock price fell.

  

JMP Securities downgraded Achillion Pharmaceuticals (Nasdaq: ACHN) saying that the company's Phase 2 clinical trial results for its hepatitis C treatment ACH-1625 were confusing.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 17 points to 786.

Mixed Close Over Earnings

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Upbeat earnings among blue chip stocks lifted the Dow 65 points to close at 13,029. The tech heavy Nasdaq lost 7 points to 3000 on disappointing results from SanDisk.

On the upside

First quarter earnings slipped for Ixia (Nasdaq: XXIA) but revenue climbed to top analyst expectations and the company forecast current quarter income ahead of estimates.


A.O. Smith (NYSE: AOS) reported sharply higher first quarter earnings that beat analyst expectations.


Under Armour (NYSE: UA) reported higher first quarter earnings and revenue that surpassed analyst expectations prompting the athletic wear maker to raise its full year guidance.


On the downside


Extreme Networks (Nasdaq: EXTR) warned that third quarter revenue and earnings will fall short of previous guidance and cut its full year outlook.


Expeditors International of Washington (Nasdaq: EXPD) warned that first quarter earnings will miss analyst expectations.

  

Royal Caribbean Cruises (NYSE: RCL) reported lower first quarter earnings and warned of lower income for the current quarter as bookings dropped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 804.

Business confidence unexpectedly rose in Germany to boost the markets higher during the midday with the Dow climbing 85 points to 13,049. Nasdaq rose 8 points to 3016.

On the upside

TD Securities upgraded Cameco (NYSE: CCJ) to a Buy rating.


SkyPeople Fruit Juice (Nasdaq: SPU) announced that an independent auditor verified the company's cash balances held in financial institutions in China.


NCR (NYSE: NCR) reported higher first quarter earnings that surpassed analyst expectations as revenue climbed.


On the downside


Altera (Nasdaq: ALTR) disappointed with sharply lower first quarter earnings that missed analyst expectations as revenue plunged.


Lattice Semiconductor (Nasdaq: LSCC) fell to a greater than expected loss for the first quarter.

  

Patriot Coal (NYSE: PCX) cited weak demand due to the mild winter for idling another thermal coal mine.

In the broad market, advancing issues outpaced decliners 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 climbed 8 points to 806.

Strong earnings news lifted the markets to a sharply higher open with the Dow soaring 105 points to 13,069. Nasdaq climbed 25 points to 3032.

On the upside

Schlumberger (NYSE: SLB) reported higher first quarter earnings even as revenue slipped.


First quarter earnings slipped for Microsoft (Nasdaq: MSFT) but the results topped analyst estimates.


Hanesbrands (NYSE: HBI) fell to a loss for the first quarter but the results were better than expected.


On the downside


First quarter earnings plunged for Riverbed Technology (Nasdaq: RVBD) prompting downgrades.


SanDisk (Nasdaq: SNDK) disappointed with sharply lower first quarter earnings that fell short of expectations as revenue dropped.

  

Tempur-Pedic (NYSE: TPX) reported higher first quarter earnings that topped analyst estimates but the mattress maker forecast 2012 results below expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 798.

A drop in March existing home sales weighed the markets down to a lower close with the Dow falling 68 points to 12,964. Nasdaq dropped 23 points to 3007.

On the upside

Shares of Splunk (Nasdaq: SPLK) soared on its first trading day.


Three American Airlines unions support efforts by US Airways (NYSE: LCC) to acquire the bankrupt airline.


Cypress Semiconductor (Nasdaq: CY) fell to a loss for the first quarter as expenses rose but the results were better than expected.


On the downside


Nucor (NYSE: NUE) disappointed with lower first quarter earnings as shipments slipped.


Level 3 Communications (NYSE: LVLT) will provide its IP-VPN solution to the UK Government's Public Services Network Connectivity Framework but the stock price fell.

  

Tsakos Energy Navigation (NYSE: TNP) priced its public offering of 10 million common shares at $6.50 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 798.

A successful bond auction in Spain lifted the markets during the midday with the Dow rising 13 points to 13,046. Nasdaq gained 11 points to 3043.

On the upside

EBay (Nasdaq: EBAY) reported higher first quarter earnings that beat analyst expectations as revenue climbed.


First quarter earnings for Boston Scientific (NYSE: BSX) more than doubled due to a lower tax rate.


Peabody Energy (NYSE: BTU) reported lower first quarter earnings due to a mild winter but the results surpassed analyst expectations.


On the downside


Stanley Black & Decker (NYSE: SWK) disappointed with sharply lower first quarter earnings that fell short of analyst expectations.


New York Attorney General Eric Schneiderman sued Sprint (NYSE: S) for failing to collect more than $100 million in taxes from customers over a seven year period.

  

Gentex (Nasdaq: GNTX) reported higher first quarter earnings as revenue rose but the company forecast current quarter revenue below analyst estimates.

In the broad market, advancing issues outpaced decliners 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 added a point to 805.

The markets opened mixed with the Dow losing 24 points to 13,008 while Nasdaq gained 10 points to 3041 as sales of existing homes fell in March.

On the upside

Human Genome Sciences (Nasdaq: HGSI) rejected GlaxoSmithKline's (NYSE: GSK) unsolicited $2.59 billion acquisition offer but will now explore strategic options including the possible sale of the company.


Gilead (Nasdaq: GILD) reported positive interim results from a Phase 2 clinical trial of its hepatitis C treatment GS-7977 plus pegylated interferon and ribavirin.


CVR Energy (NYSE: CVI) removed a poison which will now allow activist investor Carl Icahn to acquire the company.


On the downside


Shares of Achillion Pharmaceuticals (Nasdaq: ACHN) tumbled after Gilead reported upbeat interim results for its hepatitis C treatment. Achillion is developing its own hepatitis C drug


First Horizon National (NYSE: FHN) reported lower first quarter earnings that fell short of analyst expectations as bad loan provisions soared.

  

First quarter earnings climbed for EMC (NYSE: EMC) to top estimates but the data storage equipment company forecast full year earnings below analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 799.

Increasing bad loans at Spanish banks sparked further concerns about the European economy to weigh the markets down to a lower close with the Dow tumbling 82 points to 13,032. Nasdaq lost 11 points to 3031.

On the upside

Francesca's Holdings (Nasdaq: FRAN) priced its follow-on public offering of 9 million common shares at $27.60 per share and waived a lock-up restriction on common stock held by certain officers and directors.


Knology (Nasdaq: KNOL) will be sold to Wow Internet, Cable & Phone for approximately $750.5 million.


Halliburton (NYSE: HAL) impressed with higher first quarter earnings that topped analyst expectations as revenue soared.


On the downside


Argentina refused to pay the $9.3 billion that YPF  (NYSE: YPF) majority shareholder Repsol demanded from the government for nationalizing the energy company.


Magnum Hunter Resources (NYSE: MHR) will pay approximately $311 million in cash to acquire Bakken/Three Forks Sanish properties in Williston Basin from Baytex Energy.

  

McEwen Mining (NYSE: MUX) announced first quarter production results from its 49% owned San Jose mine in Santa Cruz Province, Argentina and said that the renegotiation of refinery contracts delayed approximately 30% of sales.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 803.

Disappointing earnings weighed the markets down to a lower open with the Dow falling 40 points to 13,074. Nasdaq slipped 5 points to 3037.

On the upside

SXC Health Solutions (Nasdaq: SXCI) will acquire rival Catalyst Health Solutions (Nasdaq: CHSI) in a cash and stock deal valued at approximately $29.1 billion.


Ivanhoe Mines (NYSE: IVN) announced a $1.8 billion rights offering to common shareholders with a standby commitment from majority stakeholder Rio Tinto.


United Rentals (NYSE: URI) swung to a stronger than expected profit for the first quarter as revenue surged.


On the downside


Genworth Financial (NYSE: GNW) delayed the minority initial public offering of its Australian mortgage insurance business.


TheStreet defended its position that Arena Pharmaceuticals' (Nasdaq: ARNA) obesity treatment Lorcaserin faces many hurdles to regulatory approval.

  

Cree (Nasdaq: CREE) reported sharply lower third quarter earnings that missed analyst estimates.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 806.

Investors embraced strong corporate earnings to lift the markets to a sharply higher close with the Dow leaping 194 points to 13,115. Nasdaq soared 54 points to 3042.

On the upside

SICMicro will use MIPS Technologies' (Nasdaq: MIPS) MIPS32 processor core for its next generation set-top box.


Sunrise Senior Living (NYSE: SRZ) will sell its interest in 16 senior living communities for approximately $28 million.


Teekay Tankers (NYSE: TNK) will pay approximately $455 million to purchase a fleet of 13 vessels from Teekay Corp. (NYSE: TK).


On the downside


ZOOM Technologies (Nasdaq: ZOOM) fell to a loss for the fourth quarter despite higher revenue.


Lee Enterprises (NYSE: LEE) widened second quarter losses as revenue fell.

  

Zynga (Nasdaq: ZNGA) plans to spend millions to acquire more companies.

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 12 points to 810.

Upbeat Earnings Boost Markets

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Upbeat earnings news boosted the markets during the midday with the Dow jumping 204 points to 13,125. Nasdaq leaped 60 points to 3048.

On the upside

First Solar (Nasdaq: FSLR) will eliminate 2,000 jobs, close its facilities in Frankfurt, Germany and idle production at some plants in Malaysia.


DTS will pay approximately $134.3 million in cash and stock to acquire rival SRL Labs (Nasdaq: SRSL).


A Seeking Alpha contributor expects EDAP TMS (Nasdaq: EDAP) to expand its operations as as more research supports using High-Intensity Focused Ultrasound to treat prostate cancer.


On the downside


The U. S. International Trade Commission ruled that Whirlpool (NYSE: WHR) was not materially injured by bottom-mount refrigerators from South Korea and Mexico that were sold below fair market value.


Wabash National (NYSE: WNC) will offer up to $150 million in senior convertible notes.

  

Mechel (NYSE: MTL) must resolve mining license violations at it Yakutugol facility within six months.

In the broad market, advancing issues outpaced decliners 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 leaped 16 points to 814.

New permits for home construction climbed 4.5% in March to lift the markets to a sharply higher open with the Dow surging 133 points to 13,054. Nasdaq soared 37 points to 3025.

On the upside

Shares of Endocyte (Nasdaq: ECYT) continued climbing after announcing a development deal with Merck (NYSE: MRK) yesterday.


Comerica (NYSE: CMA) reported higher first quarter earnings that topped analyst expectations.


Alpha Natural Resources (NYSE: ANR) will report first quarter results before market open on Thursday, May 3, 2012.


On the downside


Starwood Property Trust (NYSE: STWD) priced its public offering of 20 million common shares at an undisclosed price.


Apollo Residential Mortgage (NYSE: AMTG) priced its public offering of 13.9 million common shares.

  

Extra Space Storage (NYSE: EXR) will pay $160 million in cash to buy out its joint venture ESS PRISA III partner Prudential Real Estate Investors .

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 soared 10 points to 808.

The markets closed mixed with the Dow climbing 71 points to 12,921 as better than expected retail sales boosted blue chip stocks. Nasdaq fell 22 points to 2988.

On the upside

Reliance Steel & Aluminum (NYSE: RS) cited strong demand for lifting its first quarter earnings guidance.


Berkshire Hathaway announced on Friday that it now holds a 4% stake in St. Louis Post-Dispatch parent Lee Enterprises (NYSE: LEE).


USA Technologies (Nasdaq: USAT) reported preliminary third quarter results of higher revenue and the reversal of losses.


On the downside


Morgan Stanley downgraded Spreadtrum Communications (Nasdaq: SPRD) to an Equalweight rating.


Sprint (NYSE: S) will launch the Galaxy Nexus 4G LTE smartphone on Sunday, April 22, for $199.99 but the stock price fell.

  

Gannett (NYSE: GCI) disappointed with lower first quarter earnings as newspaper advertising continued to drop.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 798.

Blue Chip Stocks Advance At Midday

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Rising retail sales lifted shares of blue chip stocks with the Dow soaring 119 points to 12,968. Nasdaq lost 15 points to 2995.

On the upside

Shares of 3D Systems (NYSE: DDD) soared after rival Objet abandoned plans for an initial public offering and opted to merge with Stratasys (Nasdaq: SSYS).


Openwave Systems (Nasdaq: OPWV) will sell its service mediation and messaging products businesses to Marlin Equity Partners.


Canadian Solar (Nasdaq: CSIQ) denied reports that the company was being sold to China National Offshore Oil.


On the downside


E-Commerce China Dangdang's (NYSE: DANG) chief financial officer Conor Chia-Huang Yang resigned.


Bloomberg reported that Argentina will pursue a 51% interest in YPF (NYSE: YPF).

  

Cobalt International (NYSE: CIE) denied allegations of wrongdoing in Angola.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 802.

The markets opened mixed with the Dow gaining 54 points to 12,904 while Nasdaq dropped 25 points to 2985 as a drop in homebuilder sentiment tempered enthusiasm over rising retail sales.

On the upside

Lee Equity Partners will take Edelman Financial Group (Nasdaq: EF) private in deal valued at approximately $258 million.


Merck (NYSE: MRK) and Endocyte (Nasdaq: ECYT) will jointly develop and commercialize Endocyte's late stage cancer drug candidate EC145.


Sequenom (Nasdaq: SQNM) reported that total test volumes exceeded goals and increased its full year volume goal for the MaterniT21 PLUS LDTs.


On the downside


The Food and Drug Administration requested additional information in order to complete its review of Baxter International's (NYSE: BAX) and Halozyme Therapeutics' (Nasdaq: HALO) HyQ Biologics License Application.


Mattel (Nasdaq: MAT) disappointed with sharply lower first quarter earnings that missed analyst estimates as revenue fell.

  

Shares of Pendrell (Nasdaq: PCO) continued falling after an appeals court overturned a jury award of $603 million.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 791.

Slowing economic growth in China triggered global economic concerns sending the markets tumbling to a sharply lower close with the Dow slumping 136 points to 12,849. Nasdaq plummeted 44 points to 3011.

On the upside

Sunesis Pharmaceuticals (Nasdaq: SNSS) will present at the 19th Annual Future Leaders in the Biotech Industry Conference on Friday, April 20 in New York.


Shares of Renren (NYSE: RENN) continued climbing on news that "Angry Birds" creator Rovio was exploring new methods of distributing mobile games in China.


Lender Processing Services (NYSE: LPS) will report first quarter results on Thursday, May 3.


On the downside


An appeals court threw out a verdict in Pendrell's favor (Nasdaq: PCO) in its lawsuit against Boeing.


The arrest of former Mongolian president Enkhbayar Nambar weighed down shares of Ivanhoe Mines (NYSE: TLB) which has mining operations in Mongolia.

  

Infosys Technologies' (NYSE: INFY) earnings warning weighed down shares of rival Indian outsourcing firm Wipro (NYSE: WIT).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 12 points to 796.

The markets traded lower during the midday with the Dow dropping 79 points to 12,906 as economic growth in China slowed. Nasdaq fell 33 points to 3021.

On the upside

Joe's Jeans (Nasdaq: JOEZ) reported higher first quarter earnings as revenue climbed.


Speculation that Safeway (NYSE: SWY) may sell itself lifted shares of the supermarket chain.


iGate (Nasdaq: IGTE) reported higher first quarter earnings that topped analyst estimates as revenue surged.


On the downside


Network Engines (Nasdaq: NEI) customer EMC will transition away NEI's system integrators.


Talbots (NYSE: TLB) forecast first quarter revenue that fell short of analyst expectations.

  

Retreating natural gas prices weighed down shares of coal producer Arch Coal (NYSE: ACI).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 800.

Rising consumer prices weighed the markets down to a lower open with the Dow tumbling 94 points to 12,892. Nasdaq dropped 38 points to 3017.

On the upside

Coinstar (Nasdaq: CSTR) lifted its revenue guidance for the first quarter and full year due to stronger than expected demand at its Redbox movie rental kiosks.


Deutsche Bank upgraded Johnson Controls (NYSE: JCI) to a Buy rating.


Primo Water (Nasdaq: PRMW) announced that a senior lender entered into a new long-term $20 million senior revolving credit facility.


On the downside


Infosys (Nasdaq: INFY) reported higher fourth quarter earnings but the results fell short of analyst expectations and the company forecast current quarter results below estimates.


Powerwave Technologies (Nasdaq: PWAV) blamed market weakness for forecasting first quarter revenue well below analyst expectations.

  

Sony (NYSE: SNE) announced yesterday that it will eliminate 10,000 jobs.

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 799.

Upbeat earnings news sent the markets soaring to a sharply higher close with the Dow jumping 181 points to 12,986. Nasdaq leaped 39 points to 3055.

On the upside

Bloomberg reported that MIPS Technologies (Nasdaq: MIPS) retained the services of Goldman Sachs to explore a possible sale of the company.


"Angry Birds" creator Rovio has engaged Renren (NYSE: RENN) in discussions of explore new methods of distributing their mobile phone game.


Hedge fund Aurelius Capital Management settled a lawsuit that it filed against MBIA (NYSE: MBI).


On the downside


Lions Gate Entertainment (NYSE: LGF) announced that Gary Ross will not direct the sequel to the blockbuster hit "The Hunger Games."


Cal Dive International (NYSE: DVR) will form a joint venture with Flatiron Construction and Cashman Equipment to develop an offshore wind project in Nantucket Sounds off the coast of Massachusetts.

  

The Justice Department will continue its antitrust suit against Apple (Nasdaq: AAPL) for conspiracy to raise e-book prices.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 12 points to 808.

The markets extended its gains during the midday with the Dow soaring 161 points to 12,966 on upbeat earnings news. Nasdaq surged 32 points to 3048.

On the upside

Fusion-io (NYSE: FIO) introduced its Fusion ioFX for visual effects professionals.


Eldorado Gold (NYSE: EGO) announced that gold production is expected to increase by approximately 160% over the next five years.


Rowan Companies (NYSE: RDC) will change its corporate structure to become a wholly owned subsidiary of a U. K. parent and will pursue a Class A Share structure in order to maintain listing on the New York Stock Exchange.


On the downside


Avid Technology (Nasdaq: AVID) warned of losses for the first quarter and expects revenue to miss analyst expectations.


Swisher Hygiene (Nasdaq: SWSH) delayed filing its annual report due to an internal review by its audit committee.

  

Concerns that Roche may abandon its unsolicited acquisition offer for Illumina (NYSE: ILMN) sank shares of the biotechnology firm.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 12 points to 808.

The nation's trade deficit narrowed in February by 12.4% to $46 billion lifting the markets to a higher open with the Dow gaining 83 points to 12,888. Nasdaq climbed 23 points to 3040.

On the upside

DryShips (Nasdaq: DRYS) increased its public offering of Ocean Rig (Nasdaq: ORIG) common stock to 10 million shares priced at $16.25 per share.


Gartner reported that personal computer sales rose 1.9% from last year with Hewlett-Packard (NYSE: HPQ) increasing its market share to 17.2% from 16.9%.


The Department of Veterans Affairs renewed its contract with McKesson (NYSE: MCK) to provide pharmaceutical supplies for two more years.


On the downside


Societe Generale downgraded Nokia (NYSE: NOK) to a Hold rating.


Rite Aid (NYSE: RAD) narrowed fourth quarter losses but the retail drugstore chain forecast losses for 2013.

  

Amazon's (Nasdaq: AMZN) decision to lower e-book prices weighed down shares of brick and mortar bookstore Barnes & Noble (NYSE: BKS).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 801.

Higher Close On Upbeat Earnings

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Investors welcomed upbeat earnings news to lift the markets to a higher close with the Dow climbing 89 points to 12,805. Nasdaq gained 25 points to 3016.

On the upside

A Seeking Alpha contributor noted that NewLead Holdings (Nasdaq: NEWL) recently regained compliance for Nasdaq listing and reached a non-binding preliminary agreement with shipping company Lemissoler.


Cal Dive International (NYSE: DVR) will form a joint venture with Flatiron Construction and Cashman Equipment to develop an offshore wind project.


Investors snapped up shares of MEMC Electronic Materials (NYSE: WFR) whose stock price tumbled to a 52-week on Monday.


On the downside


Falling natural gas prices weighed down shares of Quicksilver Resources (NYSE: KWK), GMX Resources (NYSE: GMXR), Range Resources (NYSE: RRC) and WPX Energy (NYSE: WPX).


E-Commerce China Dangdang (NYSE: DANG) signed an exclusive agreement to sell large home appliances only from electronics retailer Gome.

  

Investors locked in profits on Molycorp (NYSE: MCP) whose stock price climbed on Monday after announcing a 36% increase in rare earth minerals reserves at its Mountain Pass, California mine.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 12 points to 796.

Markets Hold on to Gains

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After five days of losses, investors responded well to a surprise earnings report from Alcoa, the first from blue chip companies for the quarter.    The Dow climbed 96 points to 12,812 while Nasdaq surged 29 points to 3020.

On the upside

Titan Machinery (Nasdaq: TITN) posted 4th quarter profits that jumped 72% and beat analysts' expectations.   The agriculture and construction equipment dealership chain also posted a 65% increase in revenues.


The construction sector received a lift from a Wells Fargo homebuilders survey suggesting a possible recovery.  Shares of PulteGroup (NYSE: PHM) and D.R. Horton (NYSE: DHI) racked up sizable gains.


Standard Microsystems (Nasdaq: SMSC) reported earnings that surpassed estimates despite missed revenues.    Responding to management guidance for a strong current quarter, the stock opened higher.


On the downside


Investors were disappointed with the latest guidance from Computer Sciences Corp. (NYSE: CSC) which cited a disputed contract with the UK's National Health Service for revenue uncertainty.


OPNET Technologies (Nasdaq: OPNT) indicated a likely miss in 4th quarter revenues.   The company provides server and network performance management solutions.


Shares of Jaguar Mining (NYSE: JAG) gave up much of its gains from yesterday.   No specific reason was offered by the Brazilian-based gold exploration and mining company.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 9 points to 794.

Alcoa's upbeat earnings report lifted the markets to a sharply higher open with the Dow surging 121 points to 12,837. Nasdaq climbed 37 points to 3029.

On the upside

Alcoa (NYSE: AA) reported an unexpected profit for the first quarter.


Reuters reported that Travelzoo (Nasdaq: TZOO) was exploring the possible sale of the company.


Owens-Illinois (NYSE: OI) expects first quarter earnings to rise to top analyst estimates.


On the downside


Nokia (NYSE: NOK) warned that first quarter margins will be lower than expected.


VMware (NYSE: VMW) announced the departure of chief financial officer and co-president of business operations Mark Peek on June 1, 2012.

  

William Blair reported that F5 Networks (Nasdaq: FFIV) was aggressively pushing to close deals last quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 794.

Concerns About Europe Sink Stocks

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Renewed concerns about the European economy sent the markets into a tailspin with the Dow sinking 213 points to 12,715. Nasdaq plummeted 55 points to 2991.

On the upside

Bargain hunters lifted shares of Jaguar Mining (NYSE: JAG) whose stock price fell last week after a downgrade.


Borrowing costs for Greece fell to lift shares of National Bank of Greece (NYSE: NBG).


Rising silver prices lifted shares of Silvercorp Metals (NYSE: SVM) and Hecla Mining (NYSE: HL).


On the downside


Goldman Sachs expects U. S. crude oil prices to drop weighing down shares of Western Refining (NYSE: WNR).


USG (NYSE: USG) will release first quarter earnings next Tuesday, April 17.

  

Susquehanna lowered its price target for Greenbrier (NYSE: GBX) to $28 from $21.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 19 points to 784.

Borrowing costs continued to climb in Italy and Spain sending the markets tumbling during the midday with the Dow plummeting 185 points to 12,743. Nasdaq plunged 50 points to 2996.

On the upside

A Seeking Alpha contributor wrote yesterday that Guanwei Recycling (Nasdaq: GPRC) has the potential to climb to $3 per share in the short term.


Penn Virginia Resource Partners (NYSE: PVR) will pay $1 billion to acquire pipeline company Chief Gathering.


TheStreet listed Openwave Systems (NYSE: OPWV) as one of five stocks under $5 with much momentum.


On the downside


Jefferies downgraded Halozyme Therapeutics (Nasdaq: HALO) to a Hold rating.


Targacept (Nasdaq: TRGT) announced that there was an error in previously reported results of a Phase 2 clinical trial of its asthma treatment TC-6987.

  

RBC Capital Markets downgraded United Rentals (NYSE: URI) yesterday from Top Pick to Outperform.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 17 points to 785.

The markets opened lower with the Dow dropping 59 points to 12,870 as the nation's wholesale stockpiles rose 0.9% in February. Nasdaq lost 7 points to 3040.

On the upside

Supervalu (Nasdaq: SVU) fell to a loss for the fourth quarter due to an impairment charge but the results were better than expected.


Danaher (NYSE: DHR) will pay a premium of approximately $467.8 million to acquire X-Rite (Nasdaq: XRIT).


Renren (NYSE: RENN) partnered with SnapDish to offer food photo sharing.


On the downside


The Food and Drug Administration approved a generic version of ViroPharma's (Nasdaq: VPHM) antibiotic Vancocin.


Shares of Optimer Pharmaceuticals (Nasdaq: OPTR) continued falling after firing chairman Michael Chang, chief financial officer John Prunty and vice president Youe-Kong Shue.

  

Sony (NYSE: SNE) blamed tax expenses for more than doubling its expected losses for the year.

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 795.

The markets extended its losses in late afternoon trading to close sharply lower with the Dow plummeting 130 points to 12,929 over disappointing jobs data. Nasdaq plunged 33 points to 3047.

On the upside

Rising gold prices lifted shares of Randgold Resources (Nasdaq: GOLD).

Bargain hunters lifted shares of DR Horton (NYSE: DHI) whose stock price fell last week on lower construction spending.


Shares of Supervalu (Nasdaq: SVU) rose ahead of its earnings release tomorrow before market open.


On the downside


DARA BioSciences (Nasdaq: DARA) will raise approximately $10.1 million through the sale of preferred stock and warrants to purchase common stock.


Georgia Attorney General Sam Olens announced that WellCare Health Plans (NYSE: WCG) must pay $137.5 million to settle allegations of fraud.

  

Greenbrier (NYSE: GBX) warned that demand for railcars will slow.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 14 points to 803.

The markets traded lower during the midday with the Dow plunging 105 points to 12,954 as hiring slowed in March. Nasdaq tumbled 27 points to 3052.

On the upside

MagicJack VocalTec (Nasdaq: CALL) expects to report record earnings and revenue for the first quarter.

A Seeking Alpha contributor expects e-Commerce China Dangdang's (NYSE: DANG)  Pinterest-based applications to broaden the company's mobile e-commerce presence and enhance user experience.


KSL Capital Partners raised its offer for Great Wolf Resorts (Nasdaq: WOLF) to a premium of $7 per share as the bidding war for the family entertainment resort company continued.


On the downside


Susquehanna downgraded Centene (NYSE: CNC) to a Neutral rating after the healthcare company lost its bid to administer Ohio's Medicaid program.


JMP Securities downgraded Mitek Systems (Nasdaq: MITK) to a Market Perform rating.

  

ClickSoftware (Nasdaq: CKSW) warned that first quarter revenue will fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks sank 14 points to 804.

Disappointing March job creation numbers sent the markets tumbling to a sharply lower open with the Dow plummeting 131 points to 12,929. Nasdaq plunged 38 points to 3042.

On the upside

AOL (NYSE: AOL) will sell over 800 patents to Microsoft (Nasdaq: MSFT) and grant licenses for all remaining patents for approximately $1.06 billion in cash.

A Seeking Alpha contributor noted that Shengkai Innovations (Nasdaq: VALV) was one of four Chinese micro-cap stocks with much momentum last week.


Molycorp (NYSE: MCP) announced that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility have increased by 36%.


On the downside


RBC Capital Markets downgraded InterMune (Nasdaq: ITMN) to a Sector Perform rating and lowered its price target from $23 to $17.


The state of Ohio selected competitors of Molina Healthcare (NYSE: MOH) to administer its Medicaid program.

  

McMoRan Exploration (NYSE: MMR) announced that it was unable to obtain a measurable flow rate from it Wilcox "D" sand.

In the broad market, declining issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points to 804.

Stock Market Holiday

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The U.S. stock exchanges are closed for the Good Friday holiday.

Despite strong March retail sales, the markets closed mixed with the Dow losing 14 points to 13,069 over concerns about the European economy. Nasdaq gained 12 points to 3080.

On the upside

The Transparency Commission of the French National Health Authority issued a favorable opinion for the reimbursement of InterMune's (Nasdaq: ITMN) Esbriet.

Corvex Management acquired a 7.04% stake in Corrections Corp. of America (NYSE: CXW) and may convert Corrections Corp. into a real estate investment trust.


Goldman Sachs analyst Julio Quinteros upgraded VeriFone Systems (NYSE: PAY) from Neutral to a Buy rating and set a $63 price target.


On the downside


Analysts expect SuperValu (Nasdaq: SVU) to report lower fourth quarter earnings next Thursday.


CarMax (NYSE: KMX) reported higher fourth quarter earnings that topped analyst estimates but profit margins fell.

  

March same store sales climbed by a less than expected 6.4% for The Buckle (NYSE: BKE).

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 818.

The markets traded mixed during the midday with the Dow slipping 14 points to 13,059 as investors weighed upbeat March retail sales against European economic weakness. Nasdaq rose 14 points to 3082.

On the upside

FelCor (NYSE: FCH) will sell six hotels for $103 million.

Himax Technologies (Nasdaq: HIMX) lifted its earnings guidance for the first quarter due to strong sales.


Great Wolf Resorts (Nasdaq: WOLF) received an unsolicited acquisition offer from KSL Capital Partners that was higher than a bid from Apollo Global Management that Great Wolf already accepted.


On the downside


Parametric Technology (Nasdaq: PMTC) lowered its second quarter guidance after a European customer chose not to close an approved contract.


Constellation Brands (NYSE: STZ) reported sharply higher fourth quarter earnings but forecast current quarter results that missed analyst expectations by a wide margin.

  

Ruby Tuesday (NYSE: RT) disappointed with lower third quarter earnings and forecast full year results that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 819.

First time applications for unemployment benefits fell last week but the markets opened lower with the Dow losing 19 points to 13,054 over concerns about the health of Spain's economy. Nasdaq slipped 2 points to 3065.

On the upside

Spectrum Pharmaceuticals (Nasdaq: SPPI) will pay a premium of approximately $206 million to acquire Allos Therapeutics (Nasdaq: ALTH).

Bed Bath & Beyond (Nasdaq: BBBY) reported higher fourth quarter earrings that surpassed analyst expectations as revenue rose.


Shares of Cleantech Solutions (Nasdaq: CLNT) continued climbing after a Seeking Alpha contributor wrote yesterday that investors expected the stock to advance even further.


On the downside


Galena Biopharma (Nasdaq: GALE) priced its public offering of 8.5 million common shares at the discounted price of $1.50 per share.


Hovnanian Enterprises (NYSE: HOV) priced its offering of 25 million common shares at the discounted price of $2.00 per share.

  

Polycom (Nasdaq: PLCM) warned that first quarter earnings and revenue will fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 819.

The Federal Reserve's indication yesterday that it would not fund further stimulus measures sent the markets tumbling to a sharply lower close with the Dow sinking 124 points to 13,074. Nasdaq plummeted 45 points to 3068.

On the upside

Standard Pacific (NYSE: SPF) will report first quarter results on Monday, April 30, 2012 after market close.

A Seeking Alpha contributor wrote that investors expect Cleantech Solutions' (Nasdaq: CLNT) stock price to continue climbing.


PMC-Sierra (Nasdaq: PMCS) has engaged in talks for a possible sale of the company.


On the downside


Bernstein Liebhard filed a class action lawsuit against Hyperdynamics (NYSE: HDY) for securities violations.


Acuity Brands (NYSE: AYI) reported lower second quarter earnings that fell short of estimates as expenses climbed.

  

The Department of Health and Human Services will no longer fund the development of Cleveland BioLabs' (Nasdaq: CBLI) radiation countermeasure CBLB502.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points to 820.

A surge in borrowing costs for Spain sent the markets tumbling during the midday with the Dow sinking 155 points to 13,044. Nasdaq plummeted 56 points to 3056.

On the upside

Shares of SmartHeat (Nasdaq: HEAT) continued rising after reporting sharply higher fourth quarter revenue that more than doubled.

Avon (NYSE: AVP) chief executive Andrea Jung received no bonus in 2011 and earned 23% less in compensation than in 2010.


Bernstein upgraded American International Group (NYSE: AIG) to an Outperform rating and lifted its price target to $45.


On the downside


WebMD Health (Nasdaq: WBMD) announced that approximately 18 million common shares were properly tendered through its modified Dutch auction.


Shares of Idenix Pharmaceuticals (Nasdaq: IDIX) fell after rival Roche reported disappointing results for its hepatitis C treatment.

  

RBC Capital downgraded Jaguar Mining (NYSE: JAG) to an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 16 points to 818.

The Federal Reserve indicated yesterday that it may not support additional stimulus measures. The markets opened sharply lower with the Dow plummeting 145 points to 13,054 while Nasdaq plunged 40 points to 3073.

On the upside

Viasystems Group will pay approximately $268 million in cash to acquire DDi (Nasdaq: DDIC).

Magal Security Systems (Nasdaq: MAGS) reversed year ago losses to post a profit for the fourth quarter as revenue more than doubled.


GMX Resources (NYSE: GMXR) announced yesterday that it successfully drilled and completed its fourth Bakken well.


On the downside


SanDisk (Nasdaq: SNDK) blamed weak prices and lower demand for slashing its first quarter revenue outlook.


Hovnanian Enterprises (NYSE: HOV) will raise capital through the sale of 25 million shares of company stock in order to purchase some of its senior unsecured notes.

  

St. Jude Medical (NYSE: STJ) will no longer sell its QuickSite and QuickFlex Left Ventricular Leads due to a defect.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 825.

Indications that the Federal Reserve may not support further economic stimulus measures sent the markets down to a lower close with the Dow dropping 64 points to 13,199. Nasdaq lost 6 points to 3113.

On the upside

SmartHeat (Nasdaq: HEAT) widened fourth quarter losses due to a goodwill impairment charge but revenue more than doubled.

Shares of Cobalt International Energy (NYSE: CIE) rose as rumors swirled that company may be targeted for acquisition.


Yongye International (Nasdaq: YONG) collected $140 million of $154 million accounts receivable during the first quarter.


On the downside


Merge Healthcare (Nasdaq: MRGE) sold its health information kiosks to higi for $2.75 million.


Bloomberg reported that NXP Semiconductor (Nasdaq: NXPI) filed a patent infringement suit against Research in Motion (Nasdaq: RIMM).

  

Forbes wrote that Supervalu (NYSE: SVU) was oversold.

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 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 834.

February factory orders rose less than expected to weigh the markets down during the midday with the Dow losing 44 points to 13,220. Nasdaq slipped 3 points to 3116.

On the upside

Conn's (Nasdaq: CONN) reversed year ago losses to post a better than expected profit for the fourth quarter and lifted its guidance for the full year 2013.

EnteroMedics (Nasdaq: ETRM) made its first commercial shipment of the Maestro Rechargeable System to Australia and announced a multi-year deal to distribute the system to Gulf Coast Countries including Saudi Arabia, Kuwait, Bahrain, Qatar and the United Arab Emirates.


3D Systems (NYSE: DDD) will replace Taleo (Nasdaq: TLEO) on Standard & Poor's SmallCap 600 Index after market close on Thursday, April 5.


On the downside


Forbes warned that Qihoo 360 Technology's (NYSE: QIHU) financials may face stringent audit for its first quarter results.


Sales of fuel efficient cars boosted March auto sales for General Motors (NYSE: GM) but the stock price fell.

  

Alpha Natural Resources (NYSE: ANR) chief executive Kevin Crutchfield received a 2011 compensation package worth more than $6.7 million.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 837.

The markets opened flat with the Dow slipping a point to 13,263 while Nasdaq rose 6 points to 3126 ahead of the Commerce Department's factory orders report later this morning.

On the upside

Billionaire investor Carl Icahn said that 55% of CVR Energy (NYSE: CVI) stock was tendered to him increasing his holdings to 69% of the company.

Solazyme (Nasdaq: SZYM) and Bunge (NYSE: BG) formed a joint venture to build, own and operate a renewable oil production facility in Brazil.


Delta Air Lines (NYSE: DAL) reported strong March consolidated passenger unit revenue.


On the downside


Mitek Systems (Nasdaq: MITK) said that claims made by United Services Automobile Association in a lawsuit were without merit.


Rigrodsky & Long filed a class action lawsuit against A123 Systems (Nasdaq: AONE) alleging securities fraud.

  

Ladenburg Thalmann downgraded Keryx Biopharmaceuticals (Nasdaq: KERX) after the company reported disappointing results from a Phase III clinical trial of its colon cancer treatment perifosine yesterday.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 839.

A greater than expected increase in March manufacturing activity lifted the markets to a higher close with the Dow gaining 52 points to 13,264. Nasdaq climbed 28 points to 3119.

On the upside

The second largest electronics retailer in China began selling its products on E-Commerce China Dangdang (NYSE: DANG).

DealReporter wrote that Huntsman (NYSE: HUN) retained the services of Bank of America to explore the possible sale of the chemicals company.


Wedbush analyst Rommel Dionisio expects gun sales to increase lifting shares of Smith & Wesson (Nasdaq: SWHC) higher.


On the downside


Reports that Argentina would take control of YPF (NYSE: YPF) weighed down shares of the country's energy company.


"The Hunger Games" maintained its number one spot at the box office but shares of Lions Gate (NYSE: LGF) fell as investors locked in profits.

  

Strategic investor Dennis Gartman told CNBC's Fast Money that he favored shipping firms such as Frontline (NYSE: FRO).

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 840.

Manufacturing activity rose more than expected to boost the markets during the midday with the Dow climbing 72 points to 13,284. Nasdaq gained 26 points to 3117.

On the upside

Towerstream (Nasdaq: TWER) will provide Wi-Fi access to a national wireless carrier.

Willbros Group (NYSE: WG) narrowed fourth quarter losses and won a contract to construct a 97-mile portion of the Red River Gathering Pipeline.


Health Management Associates (NYSE: HMA) completed a transaction to joint venture five INTEGRIS Health Oklahoma hospitals.


On the downside


Pinnacle Airlines (Nasdaq: PNCL) filed for Chapter 11 bankruptcy protection.


Shares of Global Payments (NYSE: GPN) extended its losses after admitting on Sunday that as many as 1.5 million credit and debit card numbers may have been compromised in a security breach.

  

Gafisa (NYSE: GFA) fell to a significant loss for the full year 2011.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 837.

The markets opened mixed with the Dow losing 17 points to 13,194 while Nasdaq added 3 points to 3095 after Global Payments admitted that over 1 million credit and debit card numbers may have been compromised.

On the upside

Avon (NYSE: AVP) rejected a $10 billion acquisition offer from Coty saying that it undervalued the beauty products company.

Express Scripts (Nasdaq: ESRX) completed its $29.1 billion acquisition of Medco Health after the Federal Trade Commission approved the deal.


Roundy's (NYSE: RNDY) was added to the Russell 2000 Index.


On the downside


Keryx Biopharmaceuticals (Nasdaq: KERX) and Aeterna Zentaris (Nasdaq: AEZS) reported that their colorectal cancer treatment Perifosine failed a Phase 3 clinical trial.


AVI Biopharma's (Nasdaq: AVII) muscular dystrophy treatment eteplirsen increased levels of the protein dystrophin but failed to improve walking ability in a midstage clinical trial.

  

Groupon (Nasdaq: GRPN) restated its fourth quarter results prompting downgrades.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 828.

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