June 2012 Archives

The decision by European officials to provide bailout funds directly to struggling banks sent the markets soaring to a sharply higher close with the Dow rocketing 277 points to 12,880. Nasdaq leaped 85 points to 2935.

On the upside

A Seeking Alpha contributor wrote the Ampio Pharmaceuticals (Nasdaq: AMPE) had the potential to be a blockbuster stock.


A Seeking Alpha contributor wrote that Gerdau (NYSE: GGB) was undervalued.


ValueClick (Nasdaq: VCLK) announced that second quarter revenue will be at the high end of its guidance.


On the downside


Unilife (Nasdaq: UNIS) priced its offering of 6.154 million common shares at the discounted price of $3.25 per share.

 

Goldman Sachs analyst Jason English lowered his earnings estimate for Mead Johnson Nutrition (NYSE: MJN).

  

Standard & Poor's downgraded AK Steel Holding's (NYSE: AKS) rating from BB- to B+.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 22 points to 798.

The markets traded higher during the midday with the Dow jumping 212 points to 12,814 after European officials announced that they will ease austerity measures and lend bailout funds directly to struggling banks. Nasdaq surged 67 points to 2917.

On the upside

Shares of ServiceNow (NYSE: NOW) surged on its first day of trading.


Tibco Software (Nasdaq: TIBX) reported higher second quarter earnings and revenue that beat analyst expectations.


KB Home (NYSE: KBH) narrowed second quarter losses more than expected.


On the downside


Team Health Holdings (NYSE: TMH) priced its secondary offering of 8 million common shares at the discounted price of $23.95 per share.

 

Shares of Barclays (NYSE: BCS) continued falling after being fined $453 million yesterday for manipulating interest rates.

  

Walter Energy (NYSE: WLT) forecast higher second quarter coal production but warned of lower prices.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points to 793.

Plans to lend funds directly to ailing European banks sent the markets soaring to a sharply higher open with the Dow leaping 214 points to 12,816. Nasdaq jumped 64 points to 2913.

On the upside

Constellation Brands (NYSE: STZ) will pay approximately $1.85 billion to acquire the remaining 50% stake in Crown Imports that it does not own.


Smith & Wesson (Nasdaq: SWHC) reported sharply higher fourth quarter earnings that topped analyst estimates and forecast current quarter results ahead of estimates.


ING (NYSE: ING) will no longer pay bonuses to most of its employees.


On the downside


Research in Motion (Nasdaq: RIMM) fell to a much wider than expected loss for the second quarter, announced the elimination of 5,000 jobs and delayed the release new phones with its new BlackBerry 10 operating system.

 

Nike (NYSE: NKE) blamed higher expenses and a restructuring charge for lower fourth quarter earnings that fell short of expectations.

  

Ford (NYSE: F) warned that losses from its international business will be much wider than expected.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 16 points to 792.

The markets recovered earlier losses to close modestly lower with the Dow slipping 24 points to 12,602 as investors weighed the impact of the Supreme Court's decision to uphold the Affordable Care Act. Nasdaq fell 25 points to 2849.

On the upside

Highfields Capital increased its stake in Genworth Financial (NYSE: GNW) to 5.2%.


Bargain hunters lifted shares of Arch Coal (NYSE: ACI), whose stock price fell yesterday after Moody's downgraded the company's credit rating.


Shares of Medicaid plan service providers Molina Healthcare (NYSE: MOH) and WellCare Health Plans (NYSE: WCG) soared after the Supreme Court upheld President Obama's health care plan.


On the downside


Energy Transfer Partners (NYSE: ETP) priced its public offering of 13.5 million common units at $44.57 per unit.

 

Shares of Michael Kors (NYSE: KORS) fell after Central Asset Investments analyst Eddie Tam said that luxury stocks had little upside potential.

 

Gevo (Nasdaq: GEVO) stock continued falling after announcing a secondary offering yesterday to raise approximately $100 million.

In the broad market, advancing issues edged out decliners by a margin of 5 to 4 on the NYSE while decliners outpaced advancers by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 775.

The markets extended its losses during the midday with the Dow slumping 141 points to 12,485 after the Supreme Court upheld the Affordable Care Act. Nasdaq plunged 48 points to 2827.

On the upside

The Food and Drug Administration approved Synergetics USA's (Nasdaq: SURG) eye surgery system VersaVIT.


Health care services companies Tenet Healthcare (NYSE: THC), Health Management Associates (NYSE: HMA) and HCA Holdings (NYSE: HCA) all climbed after the Supreme Court upheld President Obama's healthcare law.


Dougherty lifted its price target on HMS Holdings (Nasdaq: HMSY) from $32 to $37.


On the downside


Synta Pharmaceuticals (Nasdaq: SNTA) reported that the sample size of a mid-stage clinical trial of its lung cancer treatment ganetespib was too small to demonstrate statistical significance of the results.

 

Tahoe Resources (NYSE: TAHO) assured investors that proposed mining reform laws in Guatemala will not affect its Escobal project but the stock price fell.

 

Kinross Gold (NYSE: KGC) completed the sale of its 50% stake in the Crixas gold mine.

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 10 points to 765.

The markets opened sharply lower with the Dow slumping 123 points to 12,503 as European leaders met again to attempt to resolve the debt crisis. Nasdaq plunged 40 points to 2834.

On the upside

Oriental Financial Group (NYSE: OFG) will pay $500 million in cash to acquire the Puerto Rican operations of Banco Bilbao Vizcaya Argentaria.


Shares of Orexigen Therapeutics (Nasdaq: OREX) climbed again after rival Arena Pharmaceuticals' (Nasdaq: ARNA) weight loss treatment Lorcaserin was approved yesterday.


Encana (NYSE: ECA) will spend an additional $600 million to develop crude oil and liquids.


On the downside


JMP Securities downgraded Anthera Pharmceuticals (Nasdaq: ANTH) from Outperform to Market Perform.

 

Barclays (NYSE: BCS) must pay $453 million to settle an interest rate manipulation case with the U. S. Commodity Futures Trading Commission, $160 million to the Justice Department for a criminal investigation of the matter and approximately $93 million to Britain's Financial Services Authority.

 

Vertex Pharmaceuticals (Nasdaq: VRTX) presented final mid-stage clinical trial results that were not comparable to interim results.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 771.

Gains in durable goods orders and pending home sales boosted the markets to a higher close with the Dow climbing 92 points to 12,627. Nasdaq gained 21 points to 2875.

On the upside

The Food and Drug Administration approved Arena Pharmaceuticals' (Nasdaq: ARNA) obesity treatment Lorcaserin.


The Financial Times Alphaville blog said that Linde AG may offer up to $3.4 billion for Lincare Holdings (Nasdaq: LNCR).


Moody's downgraded Arch Coal's (NYSE: ACI) corporate family rating.


On the downside


Atlantic Power (NYSE: AT) priced its public offering of 5.57 million shares at the discounted price of $12.76 per share.

 

Shares of AutoZone (NYSE: AZO) fell after competitor O'Reilly Automotive (Nasdaq: ORLY) cut its guidance.

 

ITG analyst Steve West expects sales growth to slow for Chipotle Mexican Grill (NYSE: CMG).

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 11 points to 776.

Durable goods orders rose more than expected in May to lift the markets to a higher open with the Dow rising 59 points to 12,593. Nasdaq gained 17 points to 2871.

On the upside

Amarin (Nasdaq: AMRN) received a "Reasons for Allowance" notice for its prescription fish-oil pill AMR101 patent application.


Lennar (NYSE: LEN) reported sharply higher second quarter earnings and revenue that beat analyst expectations by a wide margin as new orders surged.


Alpha Natural Resources (NYSE: ANR) amended its secured credit facility in order to increase its financial flexibility.


On the downside


O'Reilly Automotive (Nasdaq: ORLY) lowered its second quarter earnings outlook.

 

Omeros (Nasdaq: OMER) priced its public offering of approximately 2.9 million common shares at the discounted price of $10.25 per share.

 

Campus Crest (NYSE: CCG) priced its public offering of 6.5 million common shares at the discounted price of $10.10 per share.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 766.

A gain in April home prices lifted the markets to a modestly higher close with the Dow adding 32 points to 12,534. Nasdaq climbed 17 points to 2854.

On the upside

Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive results from a midstage clinical trial of its diabetes treatment LX4211.


Delta Air Lines (NYSE: DAL) expects passenger revenue per available seat mile to increase in the second quarter.


Sonic Automotive (NYSE: SAH) priced its private offering of $200 million in senior subordinated notes.


On the downside


GTM Research said that there will be an oversupply of solar panels for the next three years, which weighed down shares of Trina Solar (NYSE: TSL).

 

Shares of ATP Oil & Gas (Nasdaq: ATPG) continued falling after a Seeking Alpha contributor recommended last week that investors sell ATP stock.

 

LDK Solar (NYSE: LDK) fell to a larger than expected loss for the first quarter and forecast current quarter revenue well below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 765.

Rising Home Prices Lift Markets

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The markets advanced during the midday with the Dow rising 27 points to 12,530 as home prices rose. Nasdaq gained 14 points to 2850.

On the upside

The Food and Drug Administration granted tentative approval to Supernus Pharmaceuticals' (Nasdaq: SUPN) epilepsy treatment Trokendi XR.


First Horizon (NYSE: FHN) will increase its mortgage repurchase reserve by $250 million.


Rising home prices lifted shares of PulteGroup (NYSE: PHM).


On the downside


Standard & Poor's lowered its corporate credit rating on James River Coal (Nasdaq: JRCC).

 

STMicroelectronics (NYSE: STM) introduced its new STM32 F3 series of micro controllers but the stock price fell.

 

Robbins & Myers (NYSE: RBN) reported lower third quarter earnings and forecast current quarter results below analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 763.

The markets opened mixed with the Dow slipping 27 points to 12,475 while Nasdaq rose 3 points to 2840 as consumer confidence fell.

On the upside

The Wall Street Journal reported that News Corp. (Nasdaq: NWSA) may spinoff its publishing operations.


A Seeking Alpha contributor noted that Potash Corp. of Saskatchewan (NYSE: POT) was a bargain among fertilizer stocks.


Apollo Group (Nasdaq: APOL) reported lower third quarter earnings and revenue but the results were better than expected.


On the downside


Shares of Nokia (NYSE: NOK) continued falling after Microsoft unveiled its new Windows Phone 8 last week. Current Windows phones will not be able to upgrade to the new platform.

 

Patriot Coal (NYSE: PCX) stock continued falling after Standard & Poor's announced last week that Alexander & Baldwin (NYSE: ALEX) would replace the coal company on the S&P MidCap 400 index.

 

Piper Jaffray downgraded Valueclick (Nasdaq: VCLK) to a Neutral rating.

In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 761.

Wary investors sank the markets with the Dow stumbling 138 points to 12,502 as few details emerged about bailout for Spanish banks. Nasdaq plummeted 56 points to 2836.

On the upside

Oaktree Capital acquired shares of GenOn Energy (NYSE: GEN) last quarter.


Shares of Horizon Pharma (Nasdaq: HZNP) continued rising after announcing last week an exclusive partnership with Grunenthal to commercialize Duexis in Latin America.


Bargain hunters lifted shares of Overland Storage (Nasdaq: OVRL) whose stock price tumbled last week after the International Trade Commission found no patent violations on the part of BDT.


On the downside


ChinaCast Education (Nasdaq: CAST) withdrew its appeal of Nasdaq's decision to delist the company from the exchange.

 

Shares of Key Energy (NYSE: KEG) continued falling after FBR Capital downgraded the company to a Market Perform rating last week.

 

Sonic Automotive (NYSE: SAH) announced a private offering of up to $200 million worth of senior subordinated notes.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 13 points 761.

Spain's official request for financial assistance for its ailing banks sent the markets tumbling during the midday with the Dow plummeting 146 points to 12,494. Nasdaq plunged 53 points to 2838.

On the upside

Shares of Alexza Pharmaceuticals (Nasdaq: ALXA) continued rising after the company filed a new marketing application with the Food and Drug Administration on Friday for its acute agitation treatment Adasuve.


Cemex (NYSE: CX) will repay $1 billion worth of debt in 2013 and refinance debt that will mature in February 2014.


The Paragon Report issued a research report on Alaska Communications Systems Group (Nasdaq: ALSK).


On the downside


Petrobras (NYSE: PBR) increased gasoline and diesel prices today for the first time since 2006.

 

Old Republic International (NYSE: ORI) withdrew plans to spinoff its Republic Financial Indemnity Group subsidiary.

 

Kirby (NYSE: KEX) cut its second quarter and full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 12 points 762.

The markets opened lower with the Dow plunging 160 points to 12,480 after Spain officially requested financial assistance for its banks. Nasdaq plummeted 48 points to 2843.

On the upside

A federal court ruled in favor of Teva (NYSE: TEVA) in a patent infringement case over the company's multiple sclerosis treatment Copaxone.


Quest Software (Nasdaq: QSFT) received a higher acquisition offer of approximately $2.32 billion from a strategic bidder.


Anheuser-Busch InBev offered $15 billion to acquire Corona maker Grupo Modelo. Constellation Brands (NYSE: STZ) has an agreement to distribute Corona through 2016.


On the downside

Ventrus Biosciences (Nasdaq: VTUS) reported disappointing results from a late stage clinical trial of its piles treatment VEN 309.

 

Shares of Nokia (NYSE: NOK) fell after Goldman Sachs cut its global 2012 handset growth outlook from 10% to 4% and its smartphone growth from 42% to 38%.

 

Reuters reported that Chesapeake Energy (NYSE: CHK) colluded with Encana (NYSE: ECA) to suppress land prices.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 13 points 761.

Moody's downgraded 15 global banks but the markets closed higher with the Dow climbing 67 points to 12,640 as investors monitored developments in Europe. Nasdaq gained 33 points to 2892.

On the upside

McMoRan Exploration (NYSE: MMR) won 14 lease blocks on the outer Continental Shelf of the Gulf of Mexico.


A European Medicines Agency advisory panel recommended approval of NPS Pharmaceuticals' (Nasdaq: NPSP) short bowel syndrome medication teduglutide.


Bargain hunters lifted shares of Hovnanian Enterprises (NYSE: HOV) after the stock price tumbled yesterday on news that sales of existing home sales fell in May.


On the downside


Old Republic International (NYSE: ORI) withdrew plans to spin off its Republic Financial Indemnity Group subsidiary.

 

Jaguar Mining (NYSE: JAG) named John Andrews to the position of interim chief executive officer and demanded that Bristol Investment Partners correct inaccurate statements.

  

A Seeking Alpha contributor wrote that Freeport-McMoRan's (NYSE: FCX) stock price will be negatively impacted as more copper trading shifts to New York from London.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points 775.

The markets advanced during the midday with the Dow gaining 67 points to 12,641 ahead of a European Union meeting next week. Nasdaq climbed 44 points to 2883.

On the upside

Forest Oil (NYSE: FST) named director Patrick R. McDonald to the position of interim chief executive.


Alexza Pharmaceuticals (Nasdaq: ALXA) resubmitted its marketing application to the Food and Drug Administration for the antipsychotic Adasuve.


Shares of Rite Aid (NYSE: RAD) continued rising after announcing narrower losses than expected yesterday.


On the downside


Standard & Poor's will replace Patriot Coal (NYSE: PCX) on its S&P MidCap 400 Index with Alexander & Baldwin (NYSE: ALEX).

 

Associated Estates (NYSE: AEC) priced its public offering of 5.5 million common shares at the discounted price of $14.40 per share.

  

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

In the broad market, advancing issues outpaced decliners 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 climbed 7 points 772.

The markets opened higher with the Dow rising 57 points to 12,631 despite downgrades of 15 major financial institutions by Moody's Investors Service last night. Nasdaq gained 14 points to 2873.

On the upside

Harvest Natural Resources (NYSE: HNR) will sell its 32% stake in Venezuela to PT Pertamina for approximately $725 million in cash.


A Seeking Alpha contributor wrote that Banco Santander (NYSE: SAN) was financially healthy compared to other Spanish banks.


First Solar (Nasdaq: FSLR) received approval from Los Angeles County to resume construction of the Solar Ranch One photovoltaic power plant in Antelope Valley.


On the downside


Shares of Chimera Investment (NYSE: CIM) continued falling after Credit Suisse downgraded the company yesterday.

 

Investors locked in profits on Arena Pharmaceuticals (Nasdaq: ARNA) whose stock price climbed the past week in anticipation of regulatory approval of its obesity treatment Lorcaserin.

  

Ryder System (NYSE: R) blamed a drop in demand for lowering its current quarter outlook.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points 770.

Disappointing global manufacturing growth sent the markets plummeting to a sharply lower close with the Dow collapsing 250 points to 12,573. Nasdaq sank 71 points to 2859.

On the upside

The rejection by American Airlines pilots of a proposed contract lifted shares of U. S. Airways (NYSE: LCC), which is pursuing a possible acquisition of bankrupt AMR.


Gannett (NYSE: GCI) named former energy utility company AES chief financial officer Victoria Harker to the position of chief financial officer.


3M will pay approximately $110 million in cash to acquire Federal Signal's (NYSE: FSS) technology unit FSTech.


On the downside


A Seeking Alpha contributor wrote that Patriot Coal (NYSE: PCX) was one of the riskiest investments in the coal sector and the most likely to go bankrupt.

 

Mechel (NYSE: MTL) disappointed with lower first quarter earnings.

  

Retreating crude oil prices weighed down shares of Goodrich Petroleum (NYSE: GDP), Oasis Petroleum (NYSE: OAS) and Plains Exploration (NYSE: PXP).

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 plunged 19 points 764.

The markets extended its losses during the midday with the Dow plummeting 182 points to 12,642 as global manufacturing activity slowed. Nasdaq plunged 55 points to 2874.

On the upside

Shares of Arena Pharmaceuticals (Nasdaq: ARNA) continued climbing ahead of the Food and Drug Administration's decision next week regarding the company's weight loss treatment Lorcaserin.


Chelsea Therapeutics (Nasdaq: CHTP) reported positive results from two Phase 3 clinical trials of its Neurogenic Orthostatic Hypotension treatment Northera.


ConAgra (NYSE: CAG) fell to a fourth quarter loss due to an accounting charge but the results topped analyst estimates.


On the downside


Credit Suisse and Bank of America Merrill Lynch both downgraded Chimera Investment (NYSE: CIM).

 

Encana (NYSE: ECA) will increase its capital investment by $600 million this year to drill and develop more wells.

  

The International Trade Commission affirmed the validity of two Overland Storage (Nasdaq: OVRL) patents but found that BDT did not infringe on Overland's patents.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 17 points 766.

A 1.5% drop in May existing home sales weighed the markets down to a lower open with the Dow losing 19 points to 12,804. Nasdaq fell 16 points to 2914.

On the upside

Genesis Healthcare will acquire Sun Healthcare Group (Nasdaq: SUNH) in a deal valued at approximately $275 million including the assumption of debt.


A Food and Drug Administration advisory panel recommended approval for Onyx Pharmaceuticals' (Nasdaq: ONXX) multiple myeloma treatment carfilzomib.


Rite Aid (NYSE: RAD) narrowed first quarter losses more than expected as same store sales rose.


On the downside


Bed Bath & Beyond (Nasdaq: BBBY) reported higher first quarter earnings but revenue fell short of expectations and the domestic merchandise retailer forecast current quarter earnings below analyst estimates.

 

Celgene (Nasdaq: CELG) withdrew its new indication application for expanded approval to European regulators of its multiple myeloma treatment Revlimid.

  

Stephens downgraded Key Energy (NYSE: KEG) from Overweight to Equal Weight and cut its price target from $16 to $11.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly to 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points 777.

The Federal Reserve cut its economic projections for the next two years to weigh the markets down to a lower close with the Dow losing 12 points to 12,824. Nasdaq edged up a fraction to 2930.

On the upside

Shares of James River Coal (Nasdaq: JRCC) and Patriot Coal (NYSE: PCX) climbed over expectations that coal demand will increase in India and China.


Choice Hotels International (NYSE: CHH) announced a special dividend of approximately $10 per share.


Shares of J. C. Penney (NYSE: JCP) continued rising after announcing the departure of president Michael Francis yesterday.


On the downside


La-Z-Boy (NYSE: LZB) reported higher fourth quarter earnings but revenue dropped to fall short of expectations.

 

Janney Montgomery Scott downgraded LivePerson (Nasdaq: LPSN) from a Buy rating to Neutral.

  

Shares of National Bank of Greece (NYSE: NBG) slipped as the new coalition government indicated that it would renegotiate its bailout agreement.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points 784.

The markets turned negative during the midday with the Dow slipping 13 points to 12,824 ahead of possible action by the Federal Reserve to further stimulate the struggling economy. Nasdaq held steady at 2929.

On the upside

Third quarter earnings slipped for Jabil Circuit (NYSE: JBL) but revenue rose.


A district court denied an injunction that Butamax sought against Gevo (Nasdaq: GEVO).


UBS initiated coverage of Health Management Associates (NYSE: HMA) with a Buy rating.


On the downside


FSI International (Nasdaq: FSII) reported sharply higher third quarter earnings but the company forecast fourth quarter results below analyst expectations.

 

Jefferies analyst James Kisner downgraded Acme Packet (Nasdaq: APKT) to a Hold rating.

  

The government will auction the first nuclear powered guided missile cruiser USS Long Beach for scrap metal through Liquidity Services' (Nasdaq: LQDT) marketplace Government Liquidation but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points 784.

The markets opened flat with the Dow slipping 4 points to 12,833 as investors monitored the actions of the newly formed coalition government in Greece. Nasdaq eased a fraction to 2929.

On the upside

Galena Biopharma (Nasdaq: GALE) will present at the 2012 BIO International Convention today in Boston, MA.


Idenix Pharmaceuticals (Nasdaq: IDIX) reported upbeat interim results from a Phase IIb clinical trial of its HCV inhibitor drugs IDX184 and IDX719.


Shares of Molycorp (Nasdaq: MCP) rose after China said that its rare earth reserves totaled only 23% of global total rather than the 36% reported by the United States Geographical Survey.


On the downside


Adobe Systems (Nasdaq: ADBE) cut its revenue guidance for the year and warned of sequentially lower third quarter earnings.

 

Chimera Investment (NYSE: CIM) lowered its quarterly dividend and said that it will file its 2011 annual report as soon as practicable.

  

Procter & Gamble (NYSE: PG) blamed slowing sales growth for lowering its third quarter outlook.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 786.

Upbeat housing data boosted the markets to a sharply higher close with the Dow climbing 95 points to 12,837. Nasdaq soared 34 points to 2929.

On the upside

US Steel (NYSE: X) warned that increasing steel imports may indicate potential trade violations by foreign steel companies.


The Las Cruces Centennial Solar Farm, which uses MEMC Electronic Materials' (NYSE: WFR) high performance Silvantis P280 photovoltaic modules, officially opened.


A Seeking Alpha contributor wrote yesterday that Key Energy (NYSE: KEG) was one of four oil stocks with upside potential.


On the downside


KeyBanc Capital Markets and Canaccord Genuity both downgraded Elster Group (NYSE: ELT) from a Buy to a Hold rating.

 

Archer Daniels Midland (NYSE: ADM) warned that earnings for its grain handling business has been below expectations.

  

Microsoft's (Nasdaq: MSFT) announcement that it would make its own Surface tablet weighed down shares of Dell (Nasdaq: DELL) and Hewlett-Packard (NYSE: HPQ).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 13 points to 786.

An upward revision of April housing starts boosted the markets higher during the midday with the Dow soaring 126 points to 12,868. Nasdaq jumped 36 points to 2931.

On the upside

Shares of Galena Biopharm (Nasdaq: GALE) rose ahead of its presentation at the 2012 BIO International Convention tomorrow.


A gain in permits to build new homes lifted shares of building products company Louisiana-Pacific (NYSE: LPX).


A rubber surplus is expected to lower raw material expenses for Goodyear Tire & Rubber (NYSE: GT).


On the downside


Western Gas Partners (NYSE: WES) priced its public offering of 5 million common units at the discounted price of $43.88 per unit.

 

Barnes & Noble (NYSE: BKS) narrowed fourth quarter losses but Nook e-reader sales fell.

  

HCP (Nasdaq: HCP) announced a public offering of 7.8 million common shares.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 13 points to 786.

The markets opened higher with the Dow climbing 98 points to 12,840 as new home building permits rose in May. Nasdaq surged 31 points to 2926.

On the upside

Sonus Networks (Nasdaq: SONS) will pay approximately $41.3 million in cash to acquire Network Equipment Technologies (Nasdaq: NWK).


Oracle (Nasdaq: ORCL) reported higher fourth quarter earnings that topped analyst estimates and announced plans to repurchase an additional $10 billion worth of stock.


Maxim Group initiated coverage of Sequenom (Nasdaq: SQNM) with a Buy rating.


On the downside


Walgreen (NYSE: WAG) will pay approximately $6.7 billion in cash and stock to acquire a 45% stake in Alliance Boots.

 

J. C. Penney (NYSE: JCP) president Michael Francis departed abruptly after a brief eight month tenure at the department store chain.

  

Affymetrix (Nasdaq: AFFY) will offer $105 million in convertible senior notes.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 8 points to 780.

While Greek voters chose to support austerity measures, concerns remained that the country may yet abandon the euro. The markets closed mixed with the Dow losing 25 points to 12,741 while Nasdaq climbed 22 points to 2895.

On the upside

Rosetta Genomics (Nasdaq: ROSG) appointed Roy Davis of Johnson & Johnson (NYSE: JNJ) to its board of directors.


Shares of Suntech Power (NYSE: STP) climbed after Japan approved subsidies for renewable energy.


Melrose engaged in discussions for the possible acquisition of Elster Group (NYSE: ELT).


On the downside


Shares of MicroVision (Nasdaq: MVIS) continued falling after pricing its public offering at the discounted price of $2.50 per unit on Friday.

 

Shares of USEC (NYSE: USU) fell after Japan announced subsidies for renewable clean energy.

  

National Bank of Greece (NYSE: NBG) fell over concerns that a stable coalition government may not be attainable for Greece.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 772.

The markets traded mixed during the midday with the Dow slipping 13 points to 12,753 as Spanish bond yields climbed. Nasdaq gained 25 points to 2897.

On the upside

Intel (Nasdaq: INTC) will pay $375 million in cash to acquire approximately 1,700 patents and patent applications from InterDigital (Nasdaq: IDCC).


A Seeking Alpha contributor wrote that coal stocks were undervalued and that Patriot Coal (NYSE: PCX) stock would likely double.


Shares of Hovnanian (NYSE: HOV) climbed on news that homebuilder sentiment rose to a five year high in June.


On the downside


Retreating crude oil prices weighed down shares of ATP Oil & Gas (Nasdaq: ATPG) and Hercules Offshore (Nasdaq: HERO).

 

Buckeye Technologies (NYSE: BKI) temporarily closed its Florida plant due to a steam drum failure.

  

J.P. Morgan downgraded Rambus (NYSE: RMBS) to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 772.

The markets opened modestly higher with the Dow adding 7 points to 12,774 after Greek voters chose to stay in the euro. Nasdaq climbed 17 points to 2890.

On the upside

Morgan Stanley analyst Scott Devitt upgraded Groupon (Nasdaq: GRPN) to an overweight rating.


According to TheStreet's FDA Drug Approval Contest, Arena Pharmaceuticals' (Nasdaq: ARNA) Lorcaserin is expected to receive regulatory approval on June 27.


Bargain hunters lifted shares of A123 Systems (Nasdaq: AONE).


On the downside


Body Central (Nasdaq: BODY) cut its second quarter and full year earnings and revenue outlook due to weak sales.

 

DSW (NYSE: DSW) cut its second quarter outlook.

  

The Food and Drug Administration affirmed its approval for K-V Pharmaceutical's (NYSE: KVA) preterm birth treatment Makena.

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 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed held steady at 771.

Optimism that central banks will stabilize the financial markets boosted the markets to a sharply higher close with the Dow soaring 115 points to 12,767. Nasdaq surged 36 points to 2872.

On the upside

Bargain hunters lifted shares of Zynga (Nasdaq: ZNGA) whose stock price tumbled this week after Cowan and Co. reported an 8% drop in daily active users of Zynga's games on Facebook (Nasdaq: FB).


Shares of e-Commerce China Dangdang (NYSE: DANG) continued rising announcing on Wednesday a partnership to operate the online sales channels for Tencent Holdings.


GOL Linhas (NYSE: GOL) will discontinue its high cost, low profit flights to Santiago, Chile.


On the downside


Alaska Communications (Nasdaq: ALSK) declared a quarterly dividend of $0.05 per share payable on July 18, 2012 to shareholders of record June 29, 2012.

 

A Seeking Alpha contributor listed Telecom Argentina (NYSE: TEO) as one of three undervalued mid-cap stocks with high yield but the stock price dropped.

  

Verizon Wireless (NYSE: VZ) named Russ Preite to the position of president of Northern California/Nevada/Hawaii Region.

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 climbed 8 points to 771.

The markets advanced during the midday with the Dow gaining 73 points to 12,725 investors welcomed indications from central banks that capital may be available to ailing banks. Nasdaq climbed 21 points to 2857.

On the upside

ATP Oil & Gas (Nasdaq: ATPG) sued the federal government for improperly and illegally suspending all offshore drilling after the Deep Horizon explosion and oil spill.


Analysts from Citi and Oppenheimer upgraded Nokia (NYSE: NOK) saying that cost cutting measures announced yesterday are necessary.


National Bank of Greece (NYSE: NBG) stock continued climbing as investors anticipate additional capital from central banks.


On the downside


Standard & Poor's Ratings Services downgraded EnergySolutions' (NYSE: ES) corporate credit rating two notches to BB- from B.

 

Dyax (Nasdaq: DYAX) discontinued Phase 2 clinical trials of its angiotensin converting enzyme inhibitor-induced angioedema treatment ecallantide.

  

II-VI (NYSE: IIVI) lowered its fourth quarter guidance.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 767.

The markets opened higher with the Dow rising 47 points to 12,699 as central banks indicated that they would intervene to stabilize global financial markets. Nasdaq gained 11 points to 2848.

On the upside

MHR Fund Management acquired a 13.6% stake in Navistar International (NYSE: NAV).


Billionaire Carlos Slim Helu purchased an 8.4% stake in energy company YPF (NYSE: YPF).


Questcor Pharmaceuticals (NYSE: QCOR) announced commercialization plans for its rheumatology-related indications treatment H.P. Acthar Gel.


On the downside


MicroVision (Nasdaq: MVIS) priced its public offering of 4.2 million units at $2.50 per unit.

 

US Airway (NYSE: LCC) reported that more than 90% of its flights were on time in April but acquisition target American Airlines reported the most cancellations.

  

AAR (NYSE: AIR) reported preliminary fourth quarter results that fell short of analyst expectations.

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 added a point to 764.

Rumors that central banks may infuse the European economy with much needed capital sent the markets soaring to a sharply higher close with the Dow leaping 155 points to 12,651. Nasdaq gained 17 points to 2836.

On the upside

International Game Technology (NYSE: IGT) announced plans to repurchase up to $1 billion worth of common stock.


Reuters reported that Bank of America Merrill Lynch contacted a number of private equity firms to about acquiring Huntsman (NYSE: HUN).


Shares of Supervalu (NYSE: SVU) climbed after rival Kroger (NYSE: KR) reported higher first quarter earnings and raised its full year guidance.


On the downside


Lattice Semiconductor (Nasdaq: LSCC) warned that second quarter revenue will fall short of expectations.

 

Smithfield Foods (NYSE: SFD) disappointed with lower fourth quarter earnings that missed analyst estimates by a wide margin.

  

Aegerion Pharmaceuticals (Nasdaq: AEGR) priced its public offering of 3.4 million common shares at the discounted price of $14.75 per share.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 762.

Falling consumer prices lifted the markets to a higher open with the Dow gaining 52 points to 12,549. Nasdaq added 2 points to 2821.

On the upside

Quest Software (Nasdaq: QSFT) received a higher acquisition offer of approximately $2.15 billion in cash that topped Insight Venture Partners' $2 billion bid.


Kroger (NYSE: KR) reported higher first quarter earnings that beat analyst expectations prompting the grocery store chain to lift its full year guidance.


Shares of Dendreon (Nasdaq: DNDN) continued rising after Summer Street initiated coverage of the biotechnology firm with a Buy rating yesterday.


On the downside


Nokia (NYSE: NOK) warned that second quarter results will fall short of expectations announced plans to eliminate 10,000 positions around the world and close production facilities.

 

3D Systems (NYSE: DDD) priced its public offering of 3.7 million common shares at the discounted price of $27.00 per share.

  

Swiss National Bank said that Credit Suisse (NYSE: CS) must increase its capital.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 752.

A 0.2% drop in May retail sales sent the markets down to a lower close with the Dow tumbling 77 points to 12,496. Nasdaq fell 24 points to 2818.

On the upside

Kit Digital (Nasdaq: KITD) engaged in discussions with several potential suitors.


Mitek Systems (Nasdaq: MITK) presented in the William Blair Growth Stock Conference in Chicago yesterday.


National Business Daily reported that e-Commerce China Dangdang (NYSE: DANG) will operate the online sales of China's largest Internet company Tencent Holdings.


On the downside


Casey's General Stores (Nasdaq: CASY) reported higher fourth quarter earnings but the results fell short of analyst expectations.

 

A Seeking Alpha contributor recommended that shareholders of Patriot Coal (NYSE: PCX) sell their holdings in order to acquire shares of James River Coal (NYSE: JRCC).

  

Shares of LDK Solar (NYSE: LDK) and Trina Solar (NYSE: TSL) fell after Jefferies Group reported a slowdown in solar panel demand in Europe.

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 9 points to 752.

The markets extended its losses during the midday with the Dow falling 84 points to 12,489 as JPMorgan chief executive Jamie Dimon testified before Congress about the company's $2 billion loss. Nasdaq dropped 25 points to 2817.

On the upside

Biostar Pharmaceuticals (Nasdaq: BSPM) and The Fourth Military Medical University will jointly conduct Phase I to III clinical trials for the skin disease treatment Viacom.


Shares of US Airways (NYSE: LCC) climbed after airlines announced sales prices for the slower fall travel season.


A Seeking Alpha contributor recommended a long position on Hovnanian Enterprises (NYSE: HOV) saying that home deliveries increased this year while cancellations have slipped.


On the downside


Constant Contact (Nasdaq: CTCT) paid approximately $65 million in cash to acquire privately held SinglePlatform and lowered its full year guidance as it invests in scaling SinglePlatform.


Scotts Miracle-Gro (NYSE: SMG) warned that full year results will fall short of expectations.

  

Cobalt International Energy (NYSE: CIE) will plug and abandon its Ligurian #2 exploratory well in the Gulf of Mexico.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 756.

A sharp 1% drop in May producer prices weighed the markets down to a lower open with the Dow slipping 24 points to 12,549. Nasdaq lost 5 points to 2837.

On the upside

Summer Street Research initiated coverage of Dendreon (Nasdaq: DNDN) with a Buy rating.


Dell (Nasdaq: DELL) announced its first ever quarterly dividend of 8 cents per share to be paid in the third quarter.


Shares of Arena Pharmaceuticals (Nasdaq: ARNA) continued climbing in anticipation of regulatory approval of its obesity treatment Lorcaserin by June 27.


On the downside


Wunderlich Securities analyst Theordore O'Neill questioned whether A123 Systems's (Nasdaq: AONE) new extreme weather lithium ion technology would generate enough revenue to keep the battery maker solvent.


Endeavour International (NYSE: END) priced its public offering of 7.5 million common shares at the discounted price of $7.50 per share.

  

Shares of Regeneron (Nasdaq: REGN) fell after Ophthotech reported upbeat results from a clinical trial of its wet age-related macular degeneration treatment Fovista which will compete with Regeneron's Eylea.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 756.

Investors snapped up bargains after yesterday's sell-off to lift the markets to a sharply higher close with the Dow leaping 162 points to 12,573. Nasdaq surged 33 points to 2843.

On the upside

Shares of LDK Solar (NYSE: LDK) climbed on news that First Solar (Nasdaq: FSLR) was increasing production at it facility in Germany.


The Silicon Valley Toxics Coalition ranked Trina Solar (NYSE: TSL) No. 1 globally for environmental and social performance on the 2012 Solar Scorecard.


Cypress Semiconductor (Nasdaq: CY) offered a premium of approximately $87.5 million to acquire Ramtron International (Nasdaq: RMTR).


On the downside


Retreating natural gas prices weighed down shares of Quicksilver Resources (NYSE: KWK).


BTIG analyst Rich Greenfield warned Pandora Media (NYSE: P) to take note of Songza's expansion into being one of Apple's most downloaded free apps.

  

Shares of ATP Oil & Gas (Nasdaq: ATPG) continued falling after chief executive Matt McCarroll resigned last week after less than a week on the job.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 761.

The markets advanced during the midday with the Dow soaring 102 points to 12,513 as investors continued to monitor developments in Europe. Nasdaq gained 18 points to 2827.

On the upside

First Solar (Nasdaq: FSLR) will increase production at  its facility in Frankfurt, Germany due to strong demand.


Shares of Arena Pharmaceuticals (Nasdaq: ARNA) continued climbing in anticipation of regulatory approval of its obesity treatment Lorcaserin by June 27.


Morgan Stanley initiated coverage of United Rentals (NYSE: URI) with an Overweight rating.


On the downside


Jefferies reported that the Food and Drug Administration Manufacturers and User Facility Device Experience database has a new report on St. Jude's (NYSE: STJ) Durata defibrillator leads.


Sterne Agee said that if acquisition rumors proved to be true for Navistar International (NYSE: NAV), the deal would proceed slowly.

  

FactSet Research Systems (NYSE: FDS) reported higher third quarter earnings but the company forecast current quarter revenue below expectations.

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 gained 6 points to 757.

The markets opened mixed with the Dow rising 12 points to close at 12,424 while Nasdaq lost 5 points to 2804 as investors continued to monitor developments in Europe.

On the upside

Michael Kors Holdings (NYSE: KORS) reported sharply higher fourth quarter earnings that more than doubled to beat analyst expectations and the company forecast full year results ahead of estimates.


A123 Systems (Nasdaq: AONE) unveiled its new Nanophosphate EXT lithium ion battery technology that can operate at extreme temperatures.


Bargain hunters lifted shares of EnergySolutions (NYSE: ES) whose stock price plunged yesterday after the company cut its full year outlook.


On the downside


Shares of Zynga (Nasdaq: ZNGA) continued falling after the Wall Street Journal reported yesterday that Facebook (Nasdaq: FB) user growth slowed in April.


Apple's (Nasdaq: AAPL) announcement yesterday that it would integrate its Siri voice technology into automobiles sank shares of audio products company Harman International (NYSE: HAR).

  

A jury ruled against VeriFone Systems (NYSE: PAY) in a patent infringement case.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 750.

Concerns about the 100 billion euro financial aid package for Spain sank the markets with the Dow plunging 142 points to close at 12,411. Nasdaq plummeted 48 points to 2809.

On the upside

Citi Investment Research analyst Gary Taylor upgraded Community Health Systems (NYSE: CYH) to a Buy rating.


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


Kingold Jewelry (Nasdaq: KGJI) stockholders approved hiring Friedman LLP as the company's independent public accounting firm.


On the downside


ModulLink Global Solutions (Nasdaq: MLNK) chief executive Joseph Lawler will retire after a new chief executive is identified. The company also announced that financial reports from fiscal 2009 to the present will be restated and results for its current quarter will be delayed.


Shares of Alpha Natural Resources (NYSE: ANR) continued falling after announcing on Friday the idling of four mines, closure of four mines and lowering of production at other facilities.

  

Shares of WellCare Health Plans (NYSE: WCG) fell after rival Medicaid insurer Centene (NYSE: CNC) slashed its full year outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 18 points to 751.

The markets extended its losses during the midday with the Dow losing 27 points to 12,526 as few details emerged about the 100 billion euro financial aid package for Spain. Nasdaq fell 12 points to 2845.

On the upside

Shares of Arena (Nasdaq: ARNA) surged over expectations that the company's Lorcaserin will be the first weight loss treatment to receive regulatory approval in two weeks.


ZaZa Energy (Nasdaq: ZAZA) signed an agreement with Hess (NYSE: HES) to increase its acreage at the Eagle Ford core to 72,000 acres from 11,500 acres.


Sagard Capital Partners will take IntegraMed America (Nasdaq: INMD) private for a premium of approximately $169.5 million.


On the downside


Centene (NYSE: CNC) warned of losses for the second quarter and slashed its full year earnings outlook.


Samsung squashed rumors that it was interested in acquiring Nokia (NYSE: NOK).

  

Omnicare (NYSE: OCR) chief executive John Figueroa resigned.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased lost 4 points to 764.

Spanish banks will receive a larger than expected bailout package of 100 billion euros. The markets opened lower with the Dow slipping 7 points to 12,546 while Nasdaq lost 2 points to 2855.

On the upside

The Federal Energy Regulatory Commission conditionally approved the merger between Duke Energy (NYSE: DUK) and Progress Energy (NYSE: PGN).


Financial Times Deutschland reported that Volkswagen may consider acquiring a stake in Navistar International (NYSE: NAV).


Micronetics (Nasdaq: NOIZ) agreed to be acquired by Mercury Computer Systems (Nasdaq: MRCY) in a deal valued at approximately $75.4 million.


On the downside


Kroger (NYSE: KR) will begin offering store branded K-Cups to be used with Green Mountain Coffee Roasters' (Nasdaq: GMCR) Keurig brewing system but the grocery store chain said that it may sell single serve coffee cups for other brewers as well.


EnergySolutions (NYSE: ES) cut its full year guidance.

  

Dahlman Rose downgraded AK Steel Holding (NYSE: AKS) from a Buy rating to Hold.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 767.

The markets soared to close higher with the Dow gaining 93 points to 12,554 as Spain prepared to request financial assistance for its ailing banks. Nasdaq climbed 27 points to 2858.

On the upside

Shares of Sprint (NYSE: S) continued rising after announcing yesterday that the company's Virgin Mobile prepaid unit would begin offering a prepaid iPhone 4 and iPhone 4S on Friday, June 29, 2012.


Tempur-Pedic International (NYSE: TPX) has been repurchasing company stock in the open market as part of its share repurchase authorization.


Exide Technologies (Nasdaq: XIDE) narrowed fourth quarter losses as revenue rose to top analyst estimates.


On the downside


Shares of Patriot Coal (NYSE: PCX) fell after rival coal miner Alpha Natural Resources (NYSE: ANR) said that it would close at least four mines due to weak demand.


AU Optronics (NYSE: AUO) reported lower consolidated revenue in May.

  

Progress Software (Nasdaq: PRGS) warned that second quarter earnings and revenue would fall far short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 769.

A 0.6% increase in wholesale inventories lifted the markets higher during the midday with the Dow rising 24 points to 12,485. Nasdaq gained 11 points to 2842.

On the upside

Billionaire investor Carl Icahn acquired additional shares of Navistar International (NYSE: NAV) to increase his stake to 11.87%.


Cantor Fitzgerald initiated coverage of Neonode (Nasdaq: NEON) with a Buy rating.


Shares of Zalicus (Nasdaq: ZLCS) continued climbing after a Seeking Alpha contributor wrote yesterday that the company was one of five biotechnology stocks poised for growth.


On the downside


TheStreet Ratings affirmed its Hold rating on US Steel (NYSE: X).


TheStreet Ratings reiterated its Hold with a ratings score of C on Exelon (NYSE: EXC).

  

Shares of Quicksilver Resources (NYSE: KWK) continued falling after TheStreet Ratings downgraded the company to a Sell rating yesterday.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 763.

The nation's trade deficit narrowed in April as both imports as well as exports tumbled. The markets opened mixed with the Dow losing 8 points to 12,452 while Nasdaq rose 5 points to 2836.

On the upside

Speculation that Nokia (NYSE: NOK) may be acquired lifted shares of the smartphone maker.


Bargain hunters lifted shares of Molina Healthcare (NYSE: MOH) whose stock price plunged yesterday after the company withdrew its full year guidance.


Francesca's Holdings (Nasdaq: FRAN) reported sharply higher first quarter earnings that more than doubled to surpass analyst expectations.


On the downside


FleetCor (NYSE: FLT) commenced a secondary offering of 6.75 million common shares.


Investors locked in profits on Yum! Brands (NYSE: YUM) whose stock price soared after announcing record sales of its Doritos Tacos.

  

ATP Oil & Gas' (Nasdaq: ATPG) newly appointed chief executive Matt McCarroll resigned after less than a week on the job.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 759.

The markets retreated from earlier highs to close mixed with the Dow rising 46 points to 12,460 after Federal Reserve Chairman Ben Bernanke failed to offer additional economic stimulus measures. Nasdaq fell 13 points to 2831.

On the upside

Wunderlich Securities initiated coverage of Kodiak Oil & Gas (NYSE: KOG) with a Buy rating.


A Seeking Alpha contributor listed Zalicus (Nasdaq: ZLCS) as one of five biotechnology stocks expected to advance.


Yelp (Nasdaq: YELP) introduced its online business opinion service in Finland.


On the downside


The Food and Drug Administration approved Xenoport's (Nasdaq: XNPT) and GlaxoSmithKline's (NYSE: GSK) Horizant to treat post-shingles nerve pain but the stock prices of both drug companies fell.


Ubiquiti Networks (Nasdaq: UBNT) introduced its AirMax Titanium base station product portfolio but the stock price fell.

  

Shares of Centene (NYSE: CNC) fell after rival insurer Molina Healthcare (NYSE: MOH) withdrew its full year outlook.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 768.

The markets traded higher during the midday with the Dow climbing 90 points to 12,505 as mortgage rates dropped again to a new record low. Nasdaq rose 6 points to 2851.

On the upside

CACI International (NYSE: CACI) forecast 2013 earnings well above analyst expectations.


The Paragon Report expects increasing natural vehicle sales to lift shares of natural gas engine company Westport Innovations (Nasdaq: WPRT).


Celsion (Nasdaq: CLSN) and the University of Oxford will jointly conduct a clinical trial of Celsion's ThermoDox in combination with ultrasound-guided High Intensity Focused Ultrasound to treat metastatic liver cancer.


On the downside


First quarter earnings rose for Titan Machinary (Nasdaq: TITN) but the results fell short of analyst expectations.


Men's Wearhouse (NYSE: MW) disappointed with lower first quarter earnings that missed estimates and the company forecast second quarter results below expectations.

  

Retreating gold prices weighed down shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 768.

China's central bank unexpectedly cut a key interest rate to lift the markets to a higher open with the Dow soaring 108 points to 12,523. Nasdaq gained 14 points to 2859.

On the upside

Davenport & Co. analyst Drake Johnstone upgraded RF Micro Devices (NYSE: RFMD) to a Buy rating.


McDermott International (NYSE: MDR) chief executive Stephen M. Johnson, a senior vice president and two directors purchased approximately $2.6 million worth of company stock.


Magnum Hunter (NYSE: MHR) chairman and chief executive Gary C. Evans presented at Citi's 2012 Global Energy Conference yesterday after market close.


On the downside


First quarter earnings climbed for Lululemon Athletica (Nasdaq: LULU) as revenue soared but the athletic apparel retailer forecast current quarter as well as full year results below analyst expectations.


Molina Healthcare (NYSE: MOH) withdrew its full year outlook saying that costs in Texas may exceed revenue from premiums.

  

Navistar (NYSE: NAV) fell to a loss for the second quarter and cut its full year outlook for the second time.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 767.

Rumors of further economic stimulus measures sent the markets soaring to a sharply higher close with the Dow rocketing 286 points to 12,414. Nasdaq leaped 66 points to 2844.

On the upside

Terex (NYSE: TEX) said that its full year income may be impacted by the weak euro but the heavy equipment maker affirmed its earnings outlook.


A Seeking Alpha contributor listed MEMC Electronic Material (NYSE: WFR) as one of three speculative stocks with the potential for a rally.


Digital Generation (Nasdaq: DGIT) rejected an acquisition offer from rival Extreme Reach.


On the downside


Halliburton (NYSE: HAL) warned that the soaring cost of blending additive guar gum will negatively impact second quarter earnings.


Patriot Coal (NYSE: PCX) sued Keystone Industries saying that Keystone failed to honor a purchase contract.

  

Barrick Gold (NYSE: ABX) removed its chief executive officer Aaron Regent effective immediately.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 19 points to 765.

The markets advanced during the midday with the Dow surging 213 points to 12,341 as hopes increased for additional stimulus measures by the Federal Reserve. Nasdaq jumped 54 points to 2832.

On the upside

Ulta Beauty (Nasdaq: ULTA) reported higher first quarter earnings that topped analyst estimates as revenue climbed.


InvenSense (NYSE: INVN) is hosting a booth at the Sensors Expo & Conference in Rosemont, IL today and tomorrow to showcase the company's MPU-3300, the world's first single-chip, high performance integrated 3-axis industrial gyroscope for the industrial market.


Bloomberg reported that Ancestry.com (Nasdaq: ACOM) retained the services of Qatalyst Partners to explore the possible sale of the company.


On the downside


FuelCell Energy (Nasdaq: FCEL) narrowed second quarter losses but revenue fell.


Shares of Mattress Firm Holding (Nasdaq: MFRM) plunged after Tempur-Pedic (NYSE: TPX) warned of sharply lower second quarter earnings.

  

Jefferies downgraded Rackspace Hosting (NYSE: RAX) to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 762.

The markets opened sharply higher with the Dow surging 1551 points to 12,279 over optimism that the European Central Bank will do more to assist ailing banks. Nasdaq leaped 41 points to 2819.

On the upside

Iron Mountain (NYSE: IRM) increased its quarterly dividend to $0.27 per share payable on July 13, 2012 to shareholders of record June 22, 2012. The information management and storage services company also announced that it will convert into a Real Estate Investment Trust.


Hovnanian Enterprises (NYSE: HOV) swung to a second quarter profit as revenue climbed.


Warren Buffett's Berkshire Hathaway acquired a 3.2% stake in Lee Enterprises (Nasdaq: LEE).


On the downside


Select Comfort (Nasdaq: SCSS) eliminated its chief operating officer position and created a senior leadership team including the addition of Michael Bills as senior vice president and chief marketing officer.


Tempur-Pedic International (NYSE: TPX) warned of sharply lower second quarter earnings and slashed its full year earnings and revenue guidance.

  

Kinder Morgan (NYSE: KMI) priced its secondary offering of 63 million common shares at the discounted price of $31.88 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 756.

The markets closed modestly higher with the Dow rising 26 points to 12,127 as the nation's services sector expanded more than expected. Nasdaq gained 18 points to 2778.

On the upside

Bridgeline Digital (Nasdaq: BLIN) partnered with UPS (NYSE: UPS) to offer B2B and B2C eCommerce web stores.


Amyris (Nasdaq: AMRS) announced that its renewable jet fuel will be used in a demonstration flight at the Rio-20 United Nations Conference on Sustainable Development.


Bargain hunters lifted shares of Dendreon (Nasdaq: DNDN) whose stock price fell yesterday on Johnson & Johnson's (NYSE: JNJ) upbeat cancer drug data.


On the downside


Patriot Coal (NYSE: PCX) chief executive Irl Engelhardt will earn a base annual salary of $725,000 for 2012 and 2013.


J.C. Penney (NYSE: JCP) will abandon the "month-long values" advertising model that it adopted in April after reporting sharply lower same store sales.

  

Shares of National Bank of Greece (NYSE: NBG) fell after Standard & Poor's warned yesterday that the nation of Greece had a one in three chance of leaving the euro zone.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 746.

The markets traded near the flatline with the Dow slipping 5 points to 12,095 as Spain's  Treasury Minister acknowledged that its banks would need financial assistance from the European Union. Nasdaq edged up a fraction to 2760.

On the upside

Avian Securities upgraded RF Micro Devices (Nasdaq: RFMD) from Neutral to Positive.


Radian Group (NYSE: RDN) subsidiary Radian Guaranty reported $2.73 billion worth of new insurance written in May and lower delinquencies.


Freescale Semiconductor (NYSE: FSL) named Texas Instruments (Nasdaq: TXN) senior vice president Gregg A. Lowe as its new president and chief executive officer.


On the downside


Fastenal (Nasdaq: FAST) reported higher sales in May but the gains may not be enough to meet second quarter expectations.


Central European Distribution (Nasdaq: CEDC) must restate financial reports beginning January 1, 2010 to the present.

  

Analysts expect Quiksilver (NYSE: ZQK) to report lower second quarter earnings on Thursday.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 740.

The nation's services sector expanded more than expected in May to lift the markets to a higher open with the Dow rising 20 points to 12,121. Nasdaq gained 13 points to 2773.

On the upside

Westport Innovations (Nasdaq: WPRT) partnered with Caterpillar (NYSE: CAT) to develop natural gas technology for off-road equipment.


Zoom Technologies (Nasdaq: ZOOM) received significant mobile phone orders from Micromax of India and Maxtron of Indonesia.


Complete Genomics (Nasdaq: GNOM) retained the services of Jefferies & Co. to explore strategic alternatives.


On the downside


Akamai Technologies (Nasdaq: AKAM) stock fell after Netflix (Nasdaq: NFLX) announced plans to yesterday to build its own content delivery network.


Shuffle Master (Nasdaq: SHFL) reported higher second quarter earnings that were in line with analyst estimates but the stock price fell.

  

First quarter earnings soared for Dollar General (NYSE: DG) but revenue fell short of expectations.

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 gained 6 points to 743.

The markets closed mixed with the Dow losing 17 points to 12,101 as the Group of Seven prepared for emergency discussions tomorrow to address the deepening debt crisis in Europe. Nasdaq rose 12 points to 2760.

On the upside

Canaccord analyst Scott Van Winkle upgraded Smart Balance (Nasdaq: SMBL) to a Buy rating and lifted his price target from $6.50 to $8.00.


Reported discussions to use European bailout funds to support banks lifted shares of Banco Santander (NYSE: STD).


Shares of Microvision (Nasdaq: MVIS) continued climbing after announcing the receipt of a $4 million purchase order from Pioneer last week.


On the downside


Acadia Healthcare (NYSE: ACHC) is presenting at the 2012 Jefferies Global Healthcare Conference this week in New York.


Midstates Petroleum (NYSE: MPO) participated in the RBC Capital Markets Global Energy and Power Conference in New York today.

  

Shares of PulteGroup (NYSE: PHM) continued dropping after a weak job creations report was released last week.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 737.

The markets turned negative during the midday with the Dow falling 52 points to 12,065 as European debt concerns continued to weigh on investors. Nasdaq lost 9 points to 2738.

On the upside

Laboratory Corp. of America (NYSE: LH) will pay a premium of approximately $241 million in cash to acquire Medtox Scientific (Nasdaq: MTOX).


Chesapeake Energy (NYSE: CHK) will replace four of its board members.


Credo Petroleum (Nasdaq: CRED) agreed to be acquired by Forestar Group (NYSE: FOR) for a premium of approximately $146 million in cash.


On the downside


Shares of Hovnanian Enterprises (NYSE: HOV) continued falling following a disappointing pending home sales report last week.


A Seeking Alpha contributor recommended shorting Frontline (NYSE: FRO).

  

Delta's (NYSE: DAL) disappointing May passenger unit revenue report weighed down shares of US Airways (NYSE: LCC) and United Continental (NYSE: UAL).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 731.

The markets opened mixed with the Dow losing 17 points to 12,101 while Nasdaq rose 4 points to 2751 as investors monitored developments in Europe.

On the upside

Auxilium Pharmaceuticals (Nasdaq: AUXL) reported positive results from two late stage clinical trials of its Peyronie's disease treatment Xiaflex.


Galena Biopharma (Nasdaq: GALE) reported upbeat results from a Phase 1/2 clinical trial of its NeuVax vaccine.


Cleveland BioLabs (Nasdaq: CBLI) reported strong survival results from a Good Laboratory Practice efficacy study of its CBLB502.


On the downside


Roth Capital lowered its price target on Dendreon (Nasdaq: DNDN) from $12 to $6.70 saying that the biotechnology firm's prostate cancer treatment Provenge may lose market share.


Delta Air Lines (NYSE: DAL) reported a smaller than expected 6% gain in May passenger unit revenue.

  

A Seeking Alpha contributor listed MEMC Electronic Materials (NYSE: WFR) as the worst performing Russell 1000 stock in May.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 739.

Sluggish job creation and an uptick in the nation's unemployment rate sent the markets plunging to a sharply lower close with the Dow diving 274 points to 12,118. Nasdaq plummeted 79 points to 2747.

On the upside

Silver Wheaton (NYSE: SLW) and Endeavour Silver (NYSE: EXK) stock climbed as silver prices rose.


Duke Energy (NYSE: DUK) awarded scholarships to twenty children of company employees.


A Seeking Alpha contributor noted that Renesola (Nasdaq: SOL) had lower all-in costs than Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).


On the downside


Splunk (Nasdaq: SPLK) reported better than expected first quarter results in its first financial report as a publicly traded company but investors questioned the software solution's high valuation.


BMO Capital Markets analyst Peter Rhamey downgraded Leap Wireless (Nasdaq: LEAP) citing concerns that the high price of prepaid iPhones will limit customer appeal.

  

A gain in the nation's unemployment rate weighed down shares of building materials company USG (Nasdaq: USG).

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 24 points to 737.

The markets extended its losses during the midday with the Dow collapsing 273 points to 12,119 as employers created fewer jobs than expected in May. Nasdaq sank 77 points to 2750.

On the upside

Goldcorp (NYSE: GG), Iamgold (NYSE: IAG) and Newmont Mining (NYSE: NEM) all climbed as gold prices advanced.


Shares of Rosetta Genomics (Nasdaq: ROSG) continued rising in anticipation of the release of clinical data for its miRview products at the American Society of Clinical Oncology 2012 Annual Meeting from June 1-5, 2012.


Beacon Federal (Nasdaq: BFED) will be acquired by Berkshire Hills (Nasdaq: BHLB) in a deal valued at approximately $132 million.


On the downside


Disappointing jobs data weighed down shares of homebuilders PulteGroup (NYSE: PHM), D. R. Horton (NYSE: DHI) and Lennar (NYSE: LEN).


QuickLogic (Nasdaq: QUIK) priced its public offering of 4.5 million common shares and warrants to purchase up to 2.025 million common shares at $2.50 per unit.

  

Stifel Nicolaus downgraded Synacor (Nasdaq: SYNC) from a Buy to a Hold rating.

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 21 points to 740.

The nation's unemployment rate rose to 8.2% in May to send the markets tumbling to a sharply lower open with the Dow slumping 204 points to 12,189. Nasdaq plummeted 55 points to 2771.

On the upside

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX), Kinross Gold (NYSE: KGC) and Yamana Gold (NYSE: AUY).


First quarter earnings slipped for SAIC (NYSE: SAI) but the results topped analyst expectations.


Shares of Microvision (Nasdaq: MVIS) continued rising after announcing the receipt of $4 million in purchase orders from Pioneer yesterday.


On the downside


OmniVision (Nasdaq: OVTI) disappointed with sharply lower fourth quarter earnings that missed expectations as revenue fell.


Vera Bradley (Nasdaq: VRA) reported higher first quarter earnings and revenue but the women's accessories designer forecast current quarter results below analyst estimates.

  

The lock-up period for Groupon (NYSE: GRPN) insiders expired today.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 14 points to 746.

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