August 2012 Archives

Hope For Stimulus Lifts Markets

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Federal Reserve Chairman Ben Bernanke cited the weak job market and an 8.3% unemployment rate as causes for concern. The markets closed higher with the Dow climbing 90 points to 13,090 over optimism that the Fed will announce additional stimulus measures. Nasdaq gained 18 points to 3066.

On the upside

Esterline (NYSE: ESL) narrowed third quarter losses as revenue climbed and the company forecast fourth quarter as well as full year earnings ahead of analyst expectations. 

Rising silver prices lifted shares of Endeavour Silver (NYSE: EXK), First Majestic Silver (NYSE: AG) and Silvercorp Metals (NYSE: SVM).

A Seeking Alpha contributor listed AuRico Gold (NYSE: AUQ) as one of seven undervalued small cap stocks.

On the downside

Gordmans Stores (Nasdaq: GMAN) reported higher second quarter earnings as revenue rose but comparable store sales barely edged up 0.1%.
 
A Seeking Alpha Contributor wrote that Kinder Morgan (NYSE: KMI) was a better dividend growth stock that Altria (NYSE: MO).

Frontier Communications (NYSE: FTR) added a mere 5,442 broadband customers in the last quarter.

In the broad market, advancing 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 rose 3 points to 811.
The markets traded higher during the midday with the Dow gaining 53 points to 13,054 as Federal Reserve Chairman Ben Bernanke suggested that additional stimulus measures may be necessary. Nasdaq rose 7 points to 3056.

On the upside

Splunk (Nasdaq: SPLK) reported a smaller than expected loss for the second quarter, forecast third quarter results ahead of estimates and raised its full year guidance. 

Shares of Sarepta Therapeutics (Nasdaq: SRPT) continued climbing after a news report yesterday highlighted positive results in a small, mid-stage trial of the company's Duchenne Muscular Dystrophy treatment Eteplirsen.

Dahlman Rose upgraded Thompson Creek Metals (NYSE: TC) to a Buy rating.

On the downside

An appeals court remanded Akamai's (Nasdaq: AKAM) patent infringement suit against Limelight Networks (Nasdaq: LLNW).
 
Shares of Zynga (Nasdaq: ZNGA) fell after analysts slashed their price targets for Facebook (Nasdaq: FB).

Shares of Digital Domain Media (NYSE: DDMG) continued falling.

In the broad market, advancing 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 added a point to 810.
A strong 2.8% gain in July factory orders boosted the markets to a sharply higher open with the Dow surging 117 points to 13,117. Nasdaq gained 14 points to 3063.

On the upside

Shares of StemCells (NYSE: STEM) continued soaring ahead of its interim data presentation at the 51st Annual Scientific Meeting of the International Spinal Cord Society on Monday, September 3. 

OmniVision Technologies (Nasdaq: OVTI) reported sharply lower first quarter earnings but the company forecast second quarter revenue well ahead of analyst expectations.

Second quarter earnings dropped for SAIC (NYSE: SAI) but the company announced plans to separate into two publicly traded companies.

On the downside

BMP Capital cut its estimates for Facebook (Nasdaq: FB) and slashed its price target to $15.
 
Zumiez (Nasdaq: ZUMZ) disappointed with lower second quarter earnings and forecast current quarter results that fell short of analyst expectations.

Employees at Gold Fields' (NYSE: GFI) KDC Gold Mine in South Africa began an illegal strike on Wednesday, August 29.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 806.
Concerns that Federal Reserve chairman Ben Bernanke may not recommend additional stimulus measures in his highly anticipated speech tomorrow sent the markets tumbling to a sharply lower close with the Dow plummeting 106 points to 13,000. Nasdaq plunged 32 points to 3048.

On the upside

BP Prudhoe Bay Royalty Trust (NYSE: BPT) stated that the company did not comment on unusual market activity. 

Northcoast Research upgraded Zale (NYSE: ZLC) to a Buy rating.

Mando may be interested in acquiring the 70% stake in Halla Climate Control that Visteon (NYSE: VC) owns.

On the downside

Bio-Reference (Nasdaq: BRLI) reported higher third quarter earnings but revenue fell short of expectations.
 
Goldman Sachs initiated coverage of Magnum Hunter (NYSE: MHR) with a Neutral rating.

Digital Domain Media Group (NYSE: DDMG) will present at the 2012 Gateway Conference on September 6.

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 808.
The markets extended its losses during the midday with the Dow plunging 95 points to 13,011 as the threat of Hurricane Isaac sparked a surge in gas prices. Nasdaq tumbled 29 points to 3051.

On the upside

Validus Holdings will pay approximately $600 million in cash and stock to acquire Flagstone (NYSE: FSR). 

StemCells (Nasdaq: STEM) will present interim data from a Phase I/II clinical trial in chronic spinal cord injury at the 51st Annual Scientific Meeting of the International Spinal Cord Society on September 3, 2012.

Stifel Nicolaus analyst Brian Klein initiated coverage of Geron (Nasdaq: GERN) with a Buy rating.

On the downside

First Solar (Nasdaq: FSLR) stopped delivering solar panels to the Agua Caliente power plant.
 
Investors locked in profits on Molycorp (NYSE: MCP) whose stock price has soared after an analyst upgraded the rare earth metals company on Tuesday.

Disappointing results from Ciena (Nasdaq: CIEN) weighed down shares of rival networking equipment company Finisar (Nasdaq: FNSR).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 809.
Consumer spending rose less than expected in July to weigh the markets down to a lower open with the Dow tumbling 83 points to 13,024. Nasdaq dropped 24 points to 3056.

On the upside

Pandora Media (NYSE: P) widened second quarter losses as revenue surged but the results were better than expected and the online radio services provider lifted its full year revenue guidance. 

Sarepta Therapeutics' (Nasdaq: SRPT) chief executive Chris Garabedian will present at the Stifel Nicolaus 2012 Healthcare Conference on Wednesday, September 5, 2012.

Standard & Poor's will replace Sears Holdings (NYSE: SHLD) on the S&P 500 Index with LyondellBasell Industries (NYSE: LYB) after market close on September 4, 2012.

On the downside

Ciena (Nasdaq: CIEN) fell to a wider than expected loss for the third quarter and forecast current quarter revenue below estimates.
 
Second quarter earnings slipped to fall short of expectations for Vera Bradley (Nasdaq: VRA) and the accessories company trimmed its full year earnings outlook.

TiVo (Nasdaq: TIVO) widened second quarter losses and forecast current quarter results below expectations.

In the broad market, declining issues outpaced advancers 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 fell 6 points to 811.
The markets closed flat with the Dow adding 4 points to 13,107 as a deepening recession in Spain tempered enthusiasm over an upbeat pending home sales report. Nasdaq rose 4 points to 3081.

On the upside

IBBS selected Acme Packet (Nasdaq: APKT) to upgrade its voice service infrastructure. 

Terex (NYSE: TEX) will redeem all of its outstanding $300 million 10 7/8% Senior Notes due 2016.

Zale (NYSE: ZLC) narrowed fourth quarter losses more than expected as revenue rose.

On the downside

Rosetta Genomics (Nasdaq: ROSG) sold an additional 825,000 shares of common stock through the underwriter's exercise option for the company's recent 5.5 million shares offering.
 
Shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT) continued falling after a Wall Street Journal article on Friday reported that the company's market capitalization exceeded the amount of cash available for distribution.

Profit taking sank shares of Quicksilver Resources (Nasdaq: KWK).

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 3 points to 817.

GDP Revised Upward, Markets Advance

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The nation's economy expanded in the second quarter at a greater rate than previously reported to lift the markets higher during the midday with the Dow rising 27 points to 13,130. Nasdaq gained 6 points to 3084.

On the upside

Sealed Air (NYSE: SEE) announced that Jerome Peribere will succeed chief executive William Hickey upon his retirement in March 2013. 

The lockup period expired for Yelp (NYSE: YELP).

A British supplier completed its stocking orders to MAKO Surgical (Nasdaq: MAKO).

On the downside

ArQule's (Nasdaq: ARQL) Japanese development partner halted clinical trials of its lung cancer treatment citing safety concerns.
 
Barclays Equity Research slashed its price target on Baidu (Nasdaq: BIDU) to $153 from $189.

Pacific Crest lowered its estimates for First Solar (Nasdaq: FSLR).

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 819.
The markets opened flat with the Dow edging up a point to 13,104 as Spain's recession deepened. Nasdaq added 1 point to 3078.

On the upside

JoS. A. Bank Clothiers (Nasdaq: JOSB) reported higher second quarter earnings that beat analyst expectations as sales climbed. 

WellPoint (NYSE: WLP) chief executive Angela Braly resigned due to shareholder pressure.

Molycorp (NYSE: MCP) successfully closed its public offering of convertible senior notes and common stock.

On the downside

Dycom (NYSE: DY) disappointed with flat fourth quarter earnings that fell short of expectations.
 
Joy Global (NYSE: JOY) reported higher third quarter earnings but the mining equipment maker cited slowing demand for lowering its full year guidance.

JA Solar (Nasdaq: JASO) widened second quarter losses and cut its shipment outlook for the year.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 814.

Mixed Close As Gas Prices Rise

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Rising gas prices tempered enthusiasm over an upbeat housing report. The market closed mixed with the Dow slipping 21 points to 13,102 while Nasdaq added 3 points to 3077.

On the upside

A Seeking Alpha contributor wrote yesterday that shares of Nam Tai Electronics (NYSE: NTE) had the potential to double by the end of the year. 

Quicksilver Resources (NYSE: KWK) the completion of Price Ranch #1 well in the Delaware Basin and the eight-well pad in the Horn River Basin.

PVH (NYSE: PVH) reported higher second quarter earnings that beat analyst expectations and lifted its full year outlook.

On the downside

TheStreetSweeper issued a negative research report on Tangoe (Nasdaq: TNGO).
 
The lockup period for Yelp (NYSE: YELP) expires tomorrow.

A Seeking Alpha contributor questioned the strength of Ampio Pharmaceuticals' (Nasdaq: AMPE) pipeline.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 814.
The markets traded mixed during the midday with the Dow losing 15 points to 13,109 as consumer confidence dropped in August. Nasdaq rose 3 points to 3076.

On the upside

Bargain hunters lifted shares of Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price fell yesterday on a negative Seeking Alpha article. 

Second quarter earnings nearly doubled for Movado (NYSE: MOV) to top analyst estimates prompting the watchmaker to lift its full year guidance.

Stifel Nicolaus initiated coverage of Discovery Laboratories (Nasdaq: DSCO) last week with a Buy rating.

On the downside

Brown Shoe (NYSE: BWS) narrowed second quarter losses more than expected.
 
General Motors (NYSE: GM) will idle its Chevrolet Volt assembly plant for four weeks sending shares of Polypore (NYSE: PPO) tumbling.

UBS initiated coverage of Freescale Semiconductor (NYSE: FSL) with a Neutral rating.

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

Higher Open As Home Prices Rise

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An unexpected gain in home prices in the second quarter lifted the markets to a higher open with the Dow rising 14 points to 13,139. Nasdaq added 4 points to 3077.

On the upside

Molycorp (NYSE: MCP) began operations yesterday at its Project Phoenix mine in California. 

SeaBright Holdings (NYSE: SBX) will be acquired by Enstar Group (NYSE: ESGR) for a premium of $11.11 per share in cash.

Lexmark International (NYSE: LXK) will eliminate its inkjet printer business which will cut 1,700 jobs.

On the downside

UBS downgraded AK Steel (NYSE: AKS) to a Sell rating.
 
Catalyst Pharmaceutical Partners (Nasdaq: CPRX) announced a registered direct offering to raise approximately $6 million.

Investors locked in profits on Nokia (NYSE: NOK).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 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 813.
The markets closed mixed with the Dow losing 33 points to 13,124 as business sentiment in Germany fell. Nasdaq added 3 points to 3073.

On the upside

Sarepta Therapeutics (Nasdaq: SRPT) reported upbeat results from a clinical trial of its Duchenne muscular dystrophy treatment eteplirsen prompting ThinkEquity analyst Kimberly Lee it initiate coverage of the biopharmaceutical with a Buy rating. 

Second quarter earnings for Tiffany & Co. (NYSE: TIF) missed estimates but the jeweler expects margins to improve in the holiday quarter.

Savient Pharmaceuticals (Nasdaq: SVNT) will present at the Rodman & Renshaw 14th Annual Healthcare Conference on Monday, September 10, 2012.

On the downside

The Shuman Law Firm initiated an investigation into Walter Energy (NYSE: WLT) for safety violations and production delays.
 
Corinthian Colleges (Nasdaq: COCO) will present at the BMO Capital Markets 12th Annual Back to School Education Conference on Thursday, September 13, 2012.

The Law Offices of Todd M. Garber filed a class action lawsuit against Zynga (NYSE: ZNGA) claiming that the social gaming company issued deceptively positive financial forecasts that benefitted senior executives and select investors who sold their shares at inflated prices.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 810.
The markets traded flat with the Dow adding a point to 13,158 as consumers delayed back to school purchases. Nasdaq rose 6 points to 3076.

On the upside

IBM (NYSE: IBM) will pay approximately $1.3 billion to acquire human resources software and servicex firm Kenexa (NYSE: KNXA) . 

Best Buy (NYSE: BBY) agreed to allow founder Richard Schulze access to nonpublic information in order to conduct due diligence.

The Food and Drug Administration approved Zalicus' (Nasdaq: ZLCS) chronic pain treatment Exalgo Extended Release Tablets in a 32 mg. dose.

On the downside

Thoma Bravo will take Deltek (Nasdaq: PROJ) private in a deal valued at approximately $1.1 million including the assumption of debt.
 
Shares of Perfect World (Nasdaq: PWRD) fell ahead of its earnings release after market close.

TheStreet Ratings affirmed its hold rating on Vale (NYSE: VALE).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 812.
The markets opened mixed with the Dow slipping 28 points to 13,129 while Nasdaq added 5 points to 3074 as investors awaited Federal Reserve Chairman Ben Bernanke's speech on Friday.

On the upside

A federal court's ruling on Friday that Samsung infringed on Apple's (Nasdaq: AAPL) patents sparked speculation that Nokia (NYSE: NOK) gain market share from the South Korean smartphone maker. 

M&T Bank will acquire Hudson City Bancorp (Nasdaq: HCBK) in a cash and stock transaction valued at approximately $3.7 billion.

Hertz (NYSE: HTZ) will pay a premium of approximately $2.3 billion to acquire rival Dollar Thrifty Automotive (NYSE: DTG).

On the downside

A Seeking Alpha contributor expects Peregrine Pharmaceuticals (Nasdaq: PPHM) to drop.
 
The Food and Drug Administration placed a clinical hold on Idenix Pharmaceuticals' (Nasdaq: IDIX) hepatitis C treatment IDX19368.

TheStreet Ratings upgraded Universal Display (Nasdaq: PANL) to a Buy rating 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 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 809.
Investors welcomed the possibility that the European Central Bank may establish yield band targets for a new bond buying program. The markets closed higher with the Dow soaring 100 points to 13,157. Nasdaq climbed 16 points to 3069.

On the upside

The Food and Drug Administration approved Watson Pharmaceuticals' (NYSE: WPI) generic version of Endo Health Solutions' Lidoderm pain patch. 

Stockpickr listed Ubiquiti Networks (Nasdaq: UBNT) as one of five stocks on the verge of a breakout.

Goldman Sachs upgraded Frontline (NYSE: FRO) to a Neutral rating from Conviction Sell.

On the downside

TheStreet wrote that Peregrine Pharmaceuticals (Nasdaq: PPHM) continued to have a poor outlook.
 
Morgan Stanley downgraded Staples (Nasdaq: SPLS) to an Equal Weight rating.

Research in Motion (Nasdaq: RIMM) began demonstrating its latest BlackBerry to wireless carriers but will not be able to sell them for several months.

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 rose 3 points to 809.
The markets advanced during the midday with the Dow climbing 62 points to 13,119 as durable goods orders climbed more than expected. Nasdaq gained 12 points to 3065.

On the upside

Bloomberg reported that Supervalu (NYSE: SVU) was seeking to sell the company in its entirety rather than in parts. 

QEP Resources (NYSE: QEP) will pay approximately $1.38 billion to purchase crude oil assets in the Williston Basin in North Dakota.

A Seeking Alpha contributor recommended Savient Pharmaceuticals (NYSE: SVNT).

On the downside

Best Buy (NYSE: BBY) will pay its new chief executive Hubert Joly a base salary of $1.175 million.
 
ReneSola (NYSE: SOL) fell to a larger than expected loss for the second quarter as revenue dropped.

Callaway Golf (NYSE: ELY) announced exchange agreements for its convertible preferred stock.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 804.
A gain in durable goods orders lifted the markets to a higher open with the Dow rising 27 points to 13,084. Nasdaq gained 6 points to 3060.

On the upside

Aruba Networks (Nasdaq: ARUN) slipped to a loss for the fourth quarter but revenue climbed and the results topped analyst estimates. 

Shares of Rosetta Genomics (Nasdaq: ROSG) continued climbing after Aegis initiated coverage of the stock yesterday with a Buy rating.

Eli Lilly (NYSE: LLY) reported encouraging results from late stage trials of its Alzheimer's disease treatment solanezumab.

On the downside

Autodesk (Nasdaq: ADSK) reported lower second quarter earnings that missed analysts estimates and forecast current quarter results below expectations.
 
General Growth's (NYSE: GGP) largest shareholder Brookfield Asset Management (NYSE: BAM) will not acquire the real estate investment trust.

Investors locked in profits on Nokia (NYSE: NOK) whose stock price surged in anticipation of its release of new Windows 8 phones next month.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 804.
Manufacturing activity fell in China to send the markets tumbling to a sharply lower close with the Dow plunging 115 points to 13,057. Nasdaq dropped 20 points to 3053.

On the upside

General Growth (NYSE: GGP) shareholder Pershing Square Capital Management recommended that the real estate investment trust sell itself. 

The Securities and Exchange Commission abandoned its efforts to regulate money market funds, lifting shares of Federated Investors (NYSE: FII).

Calix (NYSE: CALX) will acquire the fiber access assets of Ericsson.

On the downside

Dahlman Rose downgraded U. S. Steel (NYSE: X) to a Hold rating.
 
Sterne Agee downgraded Ultra Petroleum (NYSE: UPL) to an Underform rating.

Howard Weil slashed its price target on Forest Oil (NYSE: FST) to $9.00 from $17.00.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 806.
The markets extended its losses during the midday with the Dow dropping 79 points to 13,093 as first time applications for unemployment benefits unexpectedly rose. Nasdaq fell 10 points to 3062.

On the upside

Maxim Group initiated coverage of StemCells (Nasdaq: STEM) with a Buy rating. 

The Verge reported that Nokia (NYSE: NOK) and Microsoft (Nasdaq: MSFT) will introduce two Windows 8 phones at a September 5 event.

Hertz Global (NYSE: HTZ) contacted Dollar Thrifty (NYSE: DTG) shareholders to determine a fair price to acquire the rental car company.

On the downside

Credit Suisse downgraded Adtran (Nasdaq: ADTN) to an Underperform rating.
 
Jefferies & Co. analyst Scott A. Mushkin downgraded Safeway (NYSE: SWY) to a Hold rating.

TechInAsia.com reported that Baidu (Nasdaq: BIDU) may sue Qihoo 360 (NYSE: QIHU) over its search engine.

In the broad market, declining issues outpaced advancers by a margin of nearly 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 809.

Jobless Claims Rise, Markets Fall

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An unexpected gain in jobless claims weighed the markets down to a lower open with the Dow falling 65 points to 13,107. Nasdaq lost 11 points to 3062.

On the upside

Aegis Capital initiated coverage of Rosetta Genomics (Nasdaq: ROSG) with a Buy rating. 

Hain Celestial (Nasdaq: HAIN) reported sharply higher fourth quarter earnings that beat analyst expectations and announced that it will pay approximately $316 million in cash and stock to acquire the packaged grocery brands unit from Premier Foods.

Molibdenos Y Metales increased its holdings in Molycorp (NYSE: MCP) by 4.5 million shares to 17 million shares.

On the downside

Hewlett-Packard (NYSE: HPQ) fell to a significant loss for the third quarter and trimmed its full year outlook.
 
Second quarter earnings dropped for Big Lots (NYSE: BIG) to miss expectations and the closeout retailer cut its full year guidance.

Guess (NYSE: GES) disappointed with lower second quarter earnings that fell short of expectations prompting the retailer to cut its full year forecast.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 807.
The markets closed mixed with the Dow losing 30 points to 13,172 as minutes from the Federal Reserve meeting indicated that another stimulus measure may be delivered in the near future. Nasdaq rose 6 points to 3073.

On the upside

Williams-Sonoma (NYSE: WSM) reported higher second quarter earnings that topped analyst expectations and lifted its full year outlook. 

Standard & Poor's revised its outlook on USG (NYSE: USG) from negative to stable.

The acquisition of Sunrise Senior Living (NYSE: SRZ) lifted shares of Brookdale Senior Living (NYSE: BKD).

On the downside

Sanford C. Bernstein downgraded TIM Participacoes (NYSE: TSU) to an Underperform rating.
 
UBS downgraded Ferrellgas Partners (NYSE: FGP) to a Sell rating.

Shares of Yelp (NYSE: YELP) continued falling ahead of the expiration of its lockup period next week.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 812.

Markets Fall Ahead Of Fed Minutes

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The markets traded lower during the midday with the Dow falling 62 points to 13,143 ahead of the release of minutes from the Federal Reserve meeting last month. Nasdaq slipped 2 points to 3065.

On the upside

Second quarter earnings fell for Qihoo 360 (NYSE: QIHU) but the results topped estimates and the company forecast current quarter revenue ahead of expectations. 

American Eagle Outfitters (NYSE: AEO) reported lower second quarter earnings but revenue rose and the company lifted its full year guidance.

JMP Securities initiated coverage of social gaming developer Zynga (Nasdaq: ZNGA) with a Market Outperform rating.

On the downside

A Seeking Alpha contributor wrote that Peregrine Pharmaceuticals (Nasdaq: PPHM) was overvalued.
 
RBC Capital Markets downgraded Clearwire (Nasdaq: CLWR) to an Underperform rating.

T-Mobile introduced an unlimited data plan to compete with MetroPCS (NYSE: PCS), which announced a $55 unlimited plan yesterday.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 810.
A drop in Japan's exports weighed the markets down to a lower open with the Dow losing 27 points to 13,176. Nasdaq eased a fraction to 3066.

On the upside

Health Care REIT (NYSE: HCN) will acquire Sunrise Senior Living (NYSE: SRZ) in a deal valued at approximately $1.9 billion including the assumption of debt. 

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

Verizon (NYSE: VZ) will sell a Nokia (NYSE: NOK) phone equipped with the Windows 8 operating system.

On the downside

Second quarter earnings fell for Dell (Nasdaq: DELL) as revenue slipped and cut its full year earnings forecast.
 
Wet Seal (Nasdaq: WTSLA) fell to a loss for the second quarter, forecast a wider than expected loss for the current quarter and adopting a shareholder rights plan.

Second quarter earnings rose for Express (NYSE: EXPR) but the apparel retailer lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 814.
The markets retreated to close lower with the Dow dropping 68 points to 13,203 as investors continued to monitor developments in Europe. Nasdaq lost 8 points to 3067.

On the upside

JetBlue (Nasdaq: JBLU) chief executive Dave Barger's comment that the airliner was not interested in acquiring bankrupt American Airlines boosted shares of US Airways (NYSE: LCC). 

Acquisition rumors lifted shares of OCZ Technology (Nasdaq: OCZ).

Rising gold prices lifted shares of Eldorado Gold (NYSE: EGO).

On the downside

Shares of RadioShack (NYSE: RSH) fell after Best Buy (NYSE: BBY) reported a sharp plunge in second quarter earnings.
 
UBS affirmed its Buy rating on GT Advanced Technologies (Nasdaq: GTAT).

The lockup period for 52.7 million shares of Yelp (NYSE: YELP) expires on August 29.

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 point to 815.
The markets traded flat during the midday with the Dow adding 7 points to 13,279 ahead of the release of minutes on Wednesday from the Federal Reserve meeting last month. Nasdaq rose 4 points to 3080.

On the upside

Capital One upgraded Rex Energy (Nasdaq: REXX) to a Strong Buy rating. 

Rising crude oil prices lifted shares of Alpha Natural Resources (NYSE: ANR) .

Nordson (NYSE: NDSN) reported higher third quarter earnings that beat expectations as revenue climbed and the company forecast current quarter results ahead of estimates.

On the downside

Tech Data (Nasdaq: TECD) disappointed with lower second quarter earnings that fell short of analyst expectations.
 
Youku.com (NYSE: YOKU) and Tudou Holdings (Nasdaq: TUDO) shareholders approved merging the two companies which will increase weekly users to surpass Baidu's (Nasdaq: BIDU) weekly users.

Barnes & Noble (NYSE: BKS) narrowed first quarter losses but investors were disappointed with flat revenue from the bookseller's Nook business.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 822.
The markets opened higher with the Dow rising 39 points to 13,311 as Greece prepared to meet with eurozone officials. Nasdaq gained 22 points to 3098.

On the upside

Urban Outfitters (Nasdaq: URBN) reported higher second quarter earnings that beat analyst estimates as revenue rose. 

Dex One (NYSE: DEXO) will merge with SuperMedia (Nasdaq: SPMD) to create a new company with an annual revenue of approximately $3.1 billion.

Shares of Qihoo (NYSE: QIHU) rose ahead of its earnings release after market close.

On the downside

Second quarter earnings plunged for Best Buy (NYSE: BBY) to fall far short of analyst expectations as sales slipped prompting the consumer electronics retailer to withdraw its full year outlook.
 
JP Morgan Chase cut its price target on Molycorp (NYSE: MCP) to $8.50 from $11.50.

Barclays Capital downgraded Groupon (Nasdaq: GRPN) to an Underweight rating and slashed its price target from $15.00 to $4.00.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 823.
The markets closed flat with the Dow easing 3 points to 13,271 as investors awaited the release of Federal Reserve minutes tomorrow. Nasdaq edged down a fraction to 3076.

On the upside

Shares of GameStop (NYSE: GME) continued rising after reporting better than expected second quarter earnings and raising its quarterly dividend last week. 

Analysts expect Qihoo (NYSE: QIHU) to forecast third quarter results ahead of expectations.

Apple's (Nasdaq: AAPL) market capitalization surged to a record $623 million as investors eagerly anticipate the release of the iPhone 5.

On the downside

The lockup period for Yelp (NYSE: YELP) expires on August 29.
 
Janney Montgomery Scott downgraded CapitalSource (NYSE: CSE) to a Neutral rating.

A Texas judged issued a two week restraining order last week preventing Life Partners Holdings (Nasdaq: LPHI) from destroying records or dissipating assets.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 816.
The markets traded lower during the midday with the Dow slipping 21 points to 13,254 as investors monitored developments in Greece. Nasdaq lost 9 points to 3067.

On the upside

United Continental (NYSE: UAL) and U. S. Airways (NYSE: LCC) increased airfares after Southwest (NYSE: LUV) announced a $10 hike on flights that are less than 500 miles each way. 

Rosetta Genomics (Nasdaq: ROSG) announced three additions to its management staff and expanded the capacity of its laboratory operations.

Western Alliance Bancorp (NYSE: WAL) will acquire Western Liberty Bancorp (Nasdaq: WLBC).

On the downside

Corinthian Colleges (Nasdaq: COCO) fell to a wider than expected loss for the fourth quarter and warned of slowing growth in new student enrollments.
 
Second quarter earnings slipped Lowe's Companies (NYSE: LOW) to fall short of analyst expectations.

Shares of Mechel (NYSE: MTL) fell after Xinhua reported that Chinese steel production growth slowed amidst falling prices.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 
The markets opened lower with the Dow losing 26 points to 13,248 over concerns that France may slip into a recession next year. Nasdaq fell 15 points to 3061.

On the upside

Aetna (NYSE: AET) will pay approximately $5.7 billion in cash and stock to acquire rival Coventry Health Care (NYSE: CVH). 

A Seeking Alpha contributor wrote that it was a good time to consider buying Molycorp (NYSE: MCP).

Sterne Agee expects record gaming revenue in Macau for the month of August lifting shares of Las Vegas Sands (NYSE: LVS).

On the downside

Zagg (Nasdaq: ZAGG) co-founder and chief executive Robert Pedersen stepped down after selling $4.2 million worth of company stock to meet margin calls prompting a downgrade.
 
Best Buy (NYSE: BBY) named Hubert Joly to the position of chief executive after discussions with founder Richard Schulze fell apart.

Barron's wrote that Waste Management (NYSE: WM) may drop 10% to 15% for consistently missing earnings expectations.

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 815.
The markets closed modestly higher with the Dow rising 25 points to 13,275 on upbeat corporate earnings news. Nasdaq gained 14 points to 3076.

On the upside

Jefferies & Co. analyst Peter Misek raised his price target on Apple (Nasdaq: AAPL) from $800 to $900. 

TheStreet Ratings affirmed its Buy rating on Seagate Technology (Nasdaq: STX).

Bloomberg reported that General Motors (NYSE: GM) will reorganize all global operations.

On the downside

Investors locked in profits on Pluristem Therapeutics (Nasdaq: PSTI) whose stock price climbed this week after announcing a contract with Cato Research to conduct Phase II clinical trials for its intermittent claudication treatment.
 
Retreating gold prices weighed down shares of Harmony Gold Mining (NYSE: HMY).

Citi Investment Research analyst Deborah Weinswig said that Supervalu (NYSE: SVU) must sell assets in order to raise capital.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 819.
The markets traded higher during the midday with the Dow adding 17 points to 13,267 as consumer sentiment climbed in early August. Nasdaq rose 7 points to 3069.

On the upside

Nokia (NYSE: NOK) and Microsoft (Nasdaq: MSFT) are expected to introduce the Windows Phone 8 on the Lumia at a joint event on September 5. 

First quarter earnings slipped for J. M. Smucker (NYSE: SJM) but the results beat analyst expectations.

Wedbush initiated coverage of Krispy Kreme (NYSE: KKD) with an Outperform rating.

On the downside

Evercore Partners analyst Ken Sena downgraded Groupon (Nasdaq: GRPN) to an Underweight rating.
 
PennyMac Mortgage (NYSE: PMT) priced its public offering of 15 million common shares at an undisclosed price.

A jury found that ION Geophysical (NYSE: IO) infringed on WesternGeco patents and awarded $105.9 million to WesternGeco.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 815.
Consumer sentiment climbed more than expected in August to lift the markets to a higher open with the Dow rising 15 points to 13,265. Nasdaq added 2 points to 3065.

On the upside

Ann (NYSE: ANN) reported higher second quarter earnings that surpassed analyst expectations as revenue rose. 

Second quarter earnings for Gap (NYSE: GPS) climbed to top analyst estimates prompting the clothing retailer to lift its full year guidance.

Canaccord Genuity upgraded GT Advanced Technologies (Nasdaq: GTAT) to a Buy rating.

On the downside

Second quarter earnings plunged for Marvell Technology (Nasdaq: MRVL) to miss expectations.
 
Molycorp (NYSE: MCP) priced its public offering of 12 million common shares at the discounted price of $10 per share.

Aeropostale (NYSE: ARO) reported lower second quarter earnings and forecast third quarter income below analyst expectations.

In the broad market, advancing issues barely edged out decliners by a slim margin of nearly 10 to 9 on the NYSE while decliners outpaced advancers by more than 10 to 8 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 813.
Upbeat housing data lifted the markets to a higher close with the Dow soaring 85 points to 13,250. Nasdaq climbed 31 points to 3062.

On the upside

A Seeking Alpha Contributor listed GT Advanced Technologies (Nasdaq: GTAT) as one of four undervalued technology stocks that is profitable. 

A strong gain in new home construction permits lifted shares of Beazer Homes (NYSE: BZH) and PulteGroup (NYSE: PHM).

The Benchmark Company analyst Gary Mobley wrote that IBM's (NYSE: IBM) acquisition of Texas Memory Systems may prompt Hewlett-Packard (NYSE: HPQ) to purchase Fusion-IO (NYSE: FIO).

On the downside

Investors locked in profits on Sprint (NYSE: S) whose stock price climbed yesterday after announcing a $100 American Express gift card promotion.
 
Molycorp (NYSE: MCP) plans to sell up to $345 million in convertible senior notes and up to $172 million worth of common shares.

The Food and Drug Administration recommended that patients with St. Jude Medical's (NYSE: STJ) heart defibrillators with Riata leads be X-rayed for abnormalities.

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 813.
The markets extended its gains during the midday with the Dow climbing 68 points to 13,232 as permits for new home construction climbed to a four-year high. Nasdaq gained 24 points to 3055.

On the upside

Alcatel-Lucent (NYSE: ALU) launched a consulting and professional services practice to support application programming interfaces. 

The New York Post reported that Coinstar (Nasdaq: CSTR) may be acquired by a private equity firm.

GameStop (NYSE: GME) reported lower second quarter earnings but the results topped estimates.

On the downside

Agilent Technologies (NYSE: A) disappointed with lower third quarter earnings that fell short of expectations and forecast current quarter earnings below estimates.
 
Wal-Mart (NYSE: WMT) reported higher second quarter earnings but revenue missed expectations.

Second quarter earnings and revenue rose for NetEase (Nasdaq: NTES) but the results fell short of expectations.

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 4 points to 808.
Building permits climbed in July to lift the markets to a higher open with the Dow adding 5 points to 13,170. Nasdaq rose 9 points to 3040.

On the upside

Cisco Systems (Nasdaq: CSCO) reported higher fourth quarter earnings that topped analyst estimates and lifted its dividend to 14 cents per share. 

Sina (Nasdaq: SINA) impressed with sharply higher second quarter earnings that more than triple to surpass analyst expectations by a wide margin.

The New York Post reported that KKR and Providence Equity Partners may have engaged in exploratory discussions with Electronic Arts (Nasdaq: EA) to acquire the game software publisher.

On the downside

The lockup period for Facebook (Nasdaq: FB) insiders expired this morning which released 270 million shares of the social networking site.
 
Shares of Groupon (Nasdaq: GRPN) continued falling after reporting slowing growth Monday after market close.

The Food and Drug Administration placed Idenix Pharmaceuticals' (Nasdaq: IDIX) hepatitis C treatment IDX184 on partial clinical hold for safety reasons.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 800.
It was a mixed close for the markets with the Dow losing 7 points to 13,164 while Nasdaq gained 13 points to 3030 as consumer prices held steady in July.

On the upside

Sprint (NYSE: S) began offering a $100 American Express rewards card for all online smartphone purchases. 

MetroPCS (NYSE: PCS) will deploy its Voice over LTE service soon.

VimpelCom (NYSE: VIP) reported sharply higher second quarter earnings that surpassed analyst expectations.

On the downside

KeyBanc Capital Markets analyst Scott Hamann downgraded Smith & Wesson (Nasdaq: SWHC) to a Hold rating.
 
FBR Capital downgraded MGIC Investment (NYSE: MTG) to a Market Perform rating.

Ellington Financial (NYSE: EFC) priced its public offering of 3.5 million common shares at the discounted price of $22.45 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 804.
The markets traded mixed during the midday with the Dow slipping 9 points to 13,163 as July industrial production edged up 0.6%. Nasdaq gained 11 points to 3028.

On the upside

Motley Fool wrote that Cellcom Israel (NYSE: CEL) should outperform the S&P 500. 

Swander Pace Capital will acquire Physicians Formula (Nasdaq: FACE) in a deal valued at approximately $65 million.

Leerink Swann upgraded Array Biopharma (NYSE: ARRY) to an Outperform rating.

On the downside

Shares of InterOil (NYSE: IOC) continued falling after reporting a larger than expected loss for the second quarter after market close on Monday.
 
Jaguar Mining (NYSE: JAG) fell to a loss for the second quarter.

Netlist (Nasdaq: NLST) widened second quarter losses as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 802.
The markets opened flat with the Dow easing a fraction to 13,171 as consumer prices held steady in July. Nasdaq rose 5 points to 3022.

On the upside

JDS Uniphase (Nasdaq: JDSU) swung to a fourth quarter loss as revenue fell but the results were better than expected. 

Nokia (NYSE: NOK) said that it will soon release a new phone that runs Microsoft's (Nasdaq: MSFT) Windows Phone 8.

Abercrombie & Fitch (NYSE: ANF) reported sharply lower second quarter earnings but the results topped analyst expectations.

On the downside

Second quarter earnings fell for Staples (Nasdaq: SPLS) to miss analyst expectations prompting the office supplies retailer to cut its outlook for the year.
 
Deere & Co. (NYSE: DE) reported higher third quarter revenue and earnings but the results missed expectations by a wide margin and the farm equipment maker lowered its full year guidance.

Sterne Agee downgraded OCZ Technology (Nasdaq: OCZ) to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 800.
The markets closed flat with the Dow adding 2 points to 13,172 as the European economy shrank in the second quarter. Nasdaq slipped 5 points to 3016.

On the upside

Speculation swirled that Arena Pharmaceuticals (Nasdaq: ARNA) may be acquired. 

Bloomberg reported that Knight Capital Group's (NYSE: KCG) $440 million trading loss was triggered by an old software program.

Monster Beverage (Nasdaq: MNST) doubled its stock repurchase plan from $250 million to $500 million.

On the downside

Motley Fool's investing community expect Peregrine Pharmaceuticals (Nasdaq: PPHM) to underperform the S&P 500.
 
Gol Linhas (NYSE: GOL) widened second quarter losses more than expected as fuel expenses soared.

Towers Watson (NYSE: TW) reported higher fourth quarter earnings but revenue dropped to fall short of analyst expectations.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by a margin of nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 796.
The markets advanced during the midday with the Dow gaining 35 points to 13,205 as retail sales climbed last month. Nasdaq rose 8 points to 3030.

On the upside

Nationstar Mortgage (NYSE: NSM) reported sharply higher second quarter earnings and revenue. 

A Seeking Alpha contributor listed three reasons for naming Ascent Solar Technologies (Nasdaq: ASTI) as the best solar speculation stock.

Pluristem (Nasdaq: PSTI) selected Cato Research to conduct its Phase II trial in intermittant claudication in Germany.

On the downside

Envivio (Nasdaq: ENVI) cut its revenue guidance for the second quarter.
 
Lone Pine Resources (NYSE: LPR) fell to a second quarter loss.

MarketWest Energy (NYSE: MWE) priced its public offering of 6 million common units at the discounted price of $50.72 per unit.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 801.

Gain In Retail Sales Lifts Markets

|
July retail sales climbed more than expected to lift the markets to a higher open with the Dow rising 18 points to 13,187. Nasdaq added 2 points to 3024.

On the upside

Michael Kors (NYSE: KORS) reported sharply higher first quarter revenue and earnings that surpassed analyst expectations by a wide margin, forecast current quarter results ahead of estimates and lifted its full year guidance. 

Velti (Nasdaq: VELT) narrowed second quarter losses as revenue surged and raised its full year outlook.

Fourth quarter earnings and revenue rose for Estee Lauder (NYSE: EL) to top analyst estimates.

On the downside

Groupon (Nasdaq: GRPN) reversed year ago losses to post a profit for the second quarter but revenue fell short of expectations prompting downgrades.
 
Shares of Nokia (NYSE: NOK) continued falling after losing its position as global market leader of mobile phone sales to Samsung.

Wedbush Securities analyst Gil Luria downgraded NCR (NYSE: NCR) for possibly violating the Foreign Corrupt Practices Act by continuing business transactions in Syria despite economic sanctions.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 801.
Concerns about the global economy weighed the markets down to a lower close with the Dow losing 38 points to 13,169. Nasdaq added a point to 3022.

On the upside

Five Star Equities issued a research report on MGIC Investment (NYSE: MTG) saying that a three-year low in mortgage rate delinquencies will boost mortgage insurers. 

Visteon (NYSE: VC) chief executive Don Stebbins resigned as of Friday, August 10, 2012 raising speculation that the company may be sold.

JMP Securities affirmed its Outperform rating on Alexza Pharmaceuticals (Nasdaq: ALXA).

On the downside

Retreating oil prices weighed down shares of Quicksilver Resources (NYSE: KWK) and SandRidge Energy (NYSE: SD).
 
Nokia's (NYSE: NOK) market share dropped for 15.4% last year to 6.6% in the second quarter.

Standard & Poor's downgraded Molycorp's (NYSE: MCP) rating to a CCC+.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 799.

Markets Extend Losses At Midday

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The markets extended its losses during the midday with the Dow falling 85 points to 13,122 over global economic concerns. Nasdaq lost 14 points to 3005.

On the upside

Tokyo Electron will pay a premium of approximately $252.5 million in cash to acquire FSI International (Nasdaq: FSII). 

A consortium of private equity firms offered $3.5 billion to acquire Focus Media (Nasdaq: FMCN).

Ascent Solar Technologies (Nasdaq: ASTI) introduced its EnerPlex solar powered charger for the Samsung Galaxy S III.

On the downside

Cowen downgraded SciClone Pharmaceuticals (Nasdaq: SCLN) to a Neutral rating.
 
AuRico Gold (NYSE: AUQ) disappointed with lower second quarter earnings.

Bank of America downgraded Schnitzer Steel (Nasdaq: SCHN) to an underperform rating and lowered its price target to $28 from $31.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 9 points to 792.
Disappointing growth of Japan's economy in the second quarter weighed the markets down to a lower open with the Dow losing 41 points to 13,166. Nasdaq slipped 7 points to 3013.

On the upside

Shares of Groupon (Nasdaq: GRPN) continued rising ahead of its earnings release after market close. 

Tesoro (NYSE: TSO) will pay approximately $2.5 billion to acquire BP's Southern California refinery and marketing business.

Elan (NYSE: ELN) will spin-off its discovery science and Neotope Biosciences into a separate independent, publicly traded company.

On the downside

Knight Capital Group (NYSE: KCG) extended its losses.
 
Standard & Poor's downgraded the credit rating of Thompson Creek Metals (NYSE: TC) from a B- to a CCC+ on Friday.

Goldman Sachs analyst Judy Hong downgraded Coca-Cola (NYSE: KO) to a Neutral rating due to slowing growth and rising competition.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 800.

Markets Recover To Close Higher

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The markets recovered in late afternoon trading to close higher with the Dow gaining 42 points to 13,207 even as China's export growth slowed. Nasdaq added 2 points to 3020.

On the upside

Analysts expect Groupon (Nasdaq: GRPN) to report upbeat second quarter results Monday after market close. 

Gafisa (NYSE: GFA) swung to an unexpected profit for the second quarter.

Bally Technologies (NYSE: BYI) reported higher fourth quarter earnings that topped analyst estimates.

On the downside

The Wall Street Journal reported that ATP Oil (Nasdaq: ATPG) may file for bankruptcy protection soon.
 
DG (Nasdaq: DGIT) disappointed with sharply lower second quarter earnings that fell short of expectations.

Profit taking sent shares of Delek (NYSE: DK) tumbling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 801.
Disappointingly sluggish growth of Chinese exports weighed the markets down during the midday with the Dow losing 22 points to 13,142. Nasdaq fell 9 points to 3009.

On the upside

Dai-ichi Life Insurance of Japan will acquire up to a 20% stake in Janus Capital Group (NYSE: JNS). 

Shares of Performant Financial (NYSE: PFMT) climbed on its first trading day.

CareFusion (NYSE: CFN) reported higher fourth quarter earnings that topped analyst expectations and full year results above expectations.

On the downside

A state attorney general launched an investigation into Monster Beverage's (Nasdaq: MNST) energy drink.
 
Investors locked in profits on Nokia (NYSE: NOK), whose stock price climbed yesterday on its patent sale to Vringo.

American Eagle Outfitters (NYSE: AEO) sold its 77kids business to Ezrani 2 and will take a $35 million loss on the unit.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 799.
A sharp drop in China's trade growth weighed the markets down to a lower open with the Dow slipping 10 points to 13,155. Nasdaq lost 4 points to 3013.

On the upside

IBM (NYSE: IBM) may be interested in acquiring Research in Motion's (Nasdaq: RIMM) enterprise services unit. 

J. C. Penney (NYSE: JCP) fell to a greater than expected loss for the second quarter and withdrew it full year guidance but department store operator reassured investors that its turnaround plan was working.

Fusion-io (NYSE: FIO) reported a loss for the fourth quarter but revenue surged to surpass analyst expectations.

On the downside

Ubiquiti Networks (Nasdaq: UBNT) reported higher fourth quarter earnings and revenue but warned that counterfeit products would negatively impact its business.
 
Spreadtrum Communications (Nasdaq: SPRD) disappointed with lower second quarter earnings.

Second quarter earnings fell for Roundy's (NYSE: RNDY) to miss analyst expectations and the grocery store chain lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 800.
Jobless claims fell last week but rising food prices weighed on investors. The markets close flat with the Dow losing 10 points to 13,165. Nasdaq gained 7 points to 3018.

On the upside

Vringo will pay approximately $22 million in cash to acquire 500 patents from Nokia (Nasdaq: NOK). 

MEMC Electronic Materials (NYSE: WFR) reported better than expected second quarter earnings yesterday.

MBIA (NYSE: MBI) reported higher second quarter earnings and vowed to collect an estimated $2 billion settlement from Bank of America (NYSE: BAC) for selling fraudulent mortgage backed securities.

On the downside

A Seeking Alpha contributor wrote that shares of Clearwire (Nasdaq: CLWR) will probably retreat.
 
Four analysts downgraded Select Medical (NYSE: SEM) saying that there was little upside to the stock price.

Second quarter earnings slipped for Boingo Wireless (Nasdaq: WIFI) to fall short of expectations and the company forecast current quarter and full year results below estimates.

In the broad market, advancing issues edged out decliners by a margin of nearly 9 to 7 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 802.

Markets Mixed Over Economic Data

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The markets traded mixed during the midday with the Dow slipping 7 points to 13,168 while Nasdaq added 5 points to 3017 as slowing industrial production in China tempered news that domestic jobless claims fell.

On the upside

Amarin (Nasdaq: AMRN) narrowed second quarter losses and affirmed the commercial launch of its recently approved hypertriglyceridemia treatment Vascepa in the first quarter of 2013. 

Bargain hunters lifted shares of Alpha Natural Resources (NYSE: ANR) whose stock price plunged yesterday after the coal producer widened second quarter losses more than expected.

J. P. Morgan upgraded Beazer Homes (NYSE: BZH) to an Overweight rating.

On the downside

Windstream (Nasdaq: WIN) reported sharply lower second quarter earnings even as revenue climbed.
 
Acco Brands (NYSE: ACCO) reported higher second quarter earnings but the office products company forecast full year results below analyst expectations.

SunPower (Nasdaq: SPWR) narrowed second quarter losses and warned of losses for the current quarter.

In the broad market, advancing issues edged out decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 802.
Initial applications for unemployment benefits slipped last week to lift the markets to a higher open with the Dow rising 14 points to 13,189. Nasdaq added 7 points to 3018.

On the upside

National Oilwell Varco (NYSE: NOV) will pay approximately $2.5 billion in cash to acquire Robbins & Myers (NYSE: RBN). 

Second quarter earnings slipped for Allscripts Healthcare Solutions (Nasdaq: MDRX) but the company lifted its full year guidance.

Sprint (NYSE: S) president of strategic planning Keith Cowan will leave the telecommunications firm on September 30, 2012.

On the downside

Monster Beverage (Nasdaq: MNST) reported higher second quarter earnings but the results fell short of analyst expectations.
 
Sagent Pharmaceuticals (Nasdaq: SGNT) reported higher second quarter earnings and revenue but the company lowered its full year outlook.

Doral Financial (NYSE: DRL) fell to a loss for the second quarter.

In the broad market, advancing issues edged out decliners by a margin of nearly 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 800.
The markets closed flat with the Dow rising 7 points to 13,175 while Nasdaq slipped 4 points to 3011 as investors continued to monitor global economic developments.

On the upside

Bloomin' Brands (Nasdaq: BLMN) stock climbed on its first trading day after the restaurant operator reduced the number of shares being offered and lowered its price. 

Wells Fargo analyst Jennifer Fritzsche suggested that Dish Network (Nasdaq: DISH) invested in the debt securities of Clearwire (Nasdaq: CLWR).

Computer Sciences (NYSE: CSC) reported sharply lower second quarter earnings as revenue fell but the results were better than expected.

On the downside

Alpha Natural Resources (NYSE: ANR) widened second quarter losses more than expected.
 
Jive Software (Nasdaq: JIVE) reported a loss for the second quarter and forecast current quarter revenue below analyst estimates.

Nxstage Medical (Nasdaq: NXTM) narrowed second quarter losses but the company forecast third quarter results that fell short of expectations.

In the broad market, advancing issues edged out decliners by a margin of nearly 10 to 9 on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 800.
The markets traded mixed during the midday with the Dow adding 10 points to 13,178 as the nation's productivity rose in the second quarter but the Bank of England cut its economic growth forecast for Britain. Nasdaq eased a point to 3014.

On the upside

Gulfport Energy (Nasdaq: GPOR) reported lower second quarter earnings that fell short of analyst expectations. 

Bargain hunters lifted shares of Tyson Foods (NYSE: TSN) whose stock price fell Monday after the meat processor reported sharply lower third quarter earnings and cut its full year revenue guidance.

Second quarter earnings rose for Rackspace Hosting (NYSE: RAX) as revenue climbed to beat expectations.

On the downside

Arch Coal (NYSE: ACI) reorganized its executive team by naming Gary L. Bennett to the position of vice president of operations support.
 
Spectrum Pharmaceuticals (Nasdaq: SPPI) reported higher second quarter earnings but the stock price fell.

Second quarter earnings rose for EZchip Semiconductor (Nasdaq: EZCH) but the company forecast current quarter and full year results below expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 801.
The markets opened lower with the Dow slipping 9 points to 13,159 after the Bank of England cut its growth forecast for Britain. Nasdaq lost 6 points to 3008.

On the upside

Dean Foods (NYSE: DF) reversed year ago losses to post a greater than expected profit for the second quarter prompting the company to lift its full year outlook. Separately, the company filed for an initial public offering of its subsidiary WhiteWave Foods 

MEMC Electronic Materials (NYSE: WFR) fell to a second quarter loss as margins tumbled but the results were better than expected.

Jefferies & Co. analyst Peter Misek wrote yesterday that Research in Motion (Nasdaq: RIMM) may engage in discussions to license its BB10 operating system to Samsung.

On the downside

Priceline.com (Nasdaq: PCLN) reported higher second quarter earnings but revenue missed expectations and the discount travel site forecast current quarter results below estimates.
 
Williams Partners (NYSE: WPZ) priced its public offering of 8.5 million common units at the discounted price of $51.43 per unit.

UBS downgraded Verifone (NYSE: PAY) to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 800.
An upbeat job openings report lifted the markets to a higher close with the Dow rising 51 points to 13,168. Nasdaq gained 25 points to 3015.

On the upside

Tenet Healthcare (NYSE: THC) reported higher second quarter earnings that surpassed analyst expectations as revenue rose.

Exterran Holdings (NYSE: EXH) will receive $442 million for assets in Venezuela that were nationalized.

Halozyme (Nasdaq: HALO) swung to a loss for the second quarter but the results were better than expected.

On the downside

The Federal Aviation Administration proposed up to $162.4 million in fines against American Airlines for safety violations. U.S. Airways (NYSE: LCC) is interested in merging with AMR.
 
McDermott International (NYSE: MDR) reported lower second quarter earnings even as revenue rose.

Second quarter earnings slipped for FirstEnergy (NYSE: FE).

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 801.
June job openings climbed to a four year high to lift the markets higher during the midday with the Dow surging 92 points to 13,210. Nasdaq climbed 37 points to 3027.

On the upside

Chimera Investment (NYSE: CIM) must restate all financial reports from 2008 through 2011.

Chesapeake Energy (NYSE: CHK) reported sharply higher second quarter earnings and announced plans to sell approximately $7 billion worth of assets in the current quarter.

MGM Resorts International (NYSE: MGM) fell to a loss for the second quarter but the results were better than expected.

On the downside

Heckmann (NYSE: HEK) reported sharply higher second quarter earnings due to a deferred tax benefit but the results fell short of expectations prompting downgrades.
 
Scientific Games (Nasdaq: SGMS) fell to a loss for the second quarter.

Citron Research alleged that Nu SKin Enterprises (NYSE: NUS) engaged in an illegal pyramid scheme in China.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 804.
Continued optimism for a eurozone recovery lifted the markets to a higher open with the Dow climbing 75 points to 13,192. Nasdaq gained 24 points to 3014.

On the upside

Home Depot (NYSE: HD) will pay a premium of approximately $93.4 million to acquire U. S. Home Systems (Nasdaq: USHS).

Fossil (Nasdaq: FOSL) reported higher second quarter earnings that surpassed analyst estimates and forecast full year earnings ahead of expectations.

Second quarter earnings tumbled for BroadSoft (Nasdaq: BSFT) but the results were better than expected prompting the company to lift its full year earnings outlook.

On the downside

NII Holdings (Nasdaq: NIHD) blamed 3G deployment costs for falling to a loss for the second quarter and cut its full year revenue guidance.
 
Shares of Elan (NYSE: ELN) tumbled on news that Johnson & Johnson (NYSE: JNJ) will discontinue development of bapineuzumab intravenous in mild to moderate Alzheimer's. Elan is a 49.9% equity holder in the Johnson & Johnson subsidiary that was developing bapineuzumab IV.

Leap Wireless (Nasdaq: LEAP) disappointed with a greater than expected loss for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 803.
The markets closed modestly higher with the Dow adding 21 points to 13,117 as Spanish and Italian bond yields slipped. Nasdaq gained 22 points to 2989.

On the upside

Wells Fargo expects second quarter earnings for NII Holdings (Nasdaq: NIHD) to beat analyst expectations.

AK Steel (NYSE: AKS) will raise spot market base prices for all flat-rolled steel products by $30 per ton.

The Food and Drug Administration approved ViroPharma's (Nasdaq: VPHM) Cinryze Biologics License Application for industrial scale production.

On the downside

Profit taking sank shares of Supervalu (NYSE: SVU), whose stock price rose last week after naming chairman Wayne Sales as its new chief executive.
 
Tesco (Nasdaq: TESO) reported higher second quarter earnings but revenue fell short of expectations.

GEVO (Nasdaq: GEVO) will file a preliminary injunction against Butamax for patent infringement.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 5 points to 794.
The markets traded higher during the midday with the Dow rising 67 points to 13,163 as investors continued to monitor developments in Europe. Nasdaq climbed 25 points to 2993.

On the upside

Vringo (NYSE: VRNG) settled its patent infringement suit against AOL (Nasdaq: AOL).

Sohu.com (Nasdaq: SOHU) reported lower second quarter earnings but the results were better than expected as revenue rose.

Changyou (Nasdaq: CYOU) reported higher second quarter earnings that topped estimates on record revenue.

On the downside

Tyson Foods (NYSE: TSN) disappointed with sharply lower third quarter earnings that missed expectations even as revenue rose and the meat producer cut its full year revenue guidance.
 
HCA (NYSE: HCA) reported higher second quarter earnings but disclosed that the Miami district attorney was investigating the hospital operator for performing medically unnecessary cardiac procedures.

Second quarter earnings fell for AES (NYSE: AES) to miss expectations.

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 gained 7 points to 797.
The markets opened higher with the Dow gaining 73 points to 13,169 after the International Monetary Fund and the European Central Bank held discussions with the new coalition government in Greece. Nasdaq rose 20 points to 2988.

On the upside

Best Buy (NYSE: BBY) received an offer to take the electronics retailer private by founder and former chairman Richard Schulze.

Pluristem Therapeutics (Nasdaq: PSTI) reported the successful treatment of a lymphoma patient using the company's Placental eXpanded cells drug delivery platform.

Cognizant Technology Solutions (Nasdaq: CTSH) reported higher second quarter earnings that topped analyst estimates as revenue rose and lifted its full year guidance.

On the downside

Knight Capital (NYSE: KCG) announced plans to sell $400 million worth of convertible stock.
 
Publicis denied rumors that it held acquisition talks with Interpublic Group (NYSE: IPG).

Exelixis (Nasdaq: EXEL) will offer 20 million shares of common stock and $225 million worth of convertible senior notes.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 796.

Markets Surge On Upbeat Jobs Data

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A greater than expected number of jobs were added to the economy last month to boost the markets to a sharply higher close with the Dow jumping 217 points to 13,096. Nasdaq surged 58 points to 2967.

On the upside

MasTec (NYSE: MTZ) reported lower second quarter earnings but the results topped analyst estimates and the company lifted its full year guidance.

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

Sequenom's (Nasdaq: SQNM) chief executive officer, chief financial officer and an executive vice president all purchased shares in the company on Wednesday, August 1.

On the downside

Southwestern Energy (NYSE: SWN) fell to a greater than expected second quarter loss as revenue dropped.
 
Cardinal Health (NYSE: CAH) reported higher fourth quarter earnings but revenue missed expectations.

Second quarter earnings tumbled for WellCare (NYSE: WCG) and the managed care provider forecast full year revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 19 points to 788.

Markets Extend Gains At Midday

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The markets extended its gains during the midday with the Dow leaping 236 points to 13,115 as more jobs than expected were added to the nation's economy last month. Nasdaq jumped 63 points to 2973.

On the upside

Motely Fool wrote that Clearwire (Nasdaq: CLWR) was a necessary alternative to cable and satellite providers.

Financial Times reported that Publicis may be exploring the possible acquisition of Interpublic Group (NYSE: IPG).

OpenTable (Nasdaq: OPEN) reported lower second quarter earnings but the results beat expectations.

On the downside

SandRidge Energy (NYSE: SD) reported sharply higher second quarter earnings that surpassed analyst expectations and lifted its full year production guidance but the stock price slipped.
 
Zagg (Nasdaq: ZAG) reported higher second quarter earnings but the results missed estimates and the company forecast full year results below expectations.

Rosetta Genomics (Nasdaq: ROSG) priced its public offering of 5.5 million common shares at the discounted price of $5.00 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 20 points to 789.
The nation's employers added far more jobs than expected in July to boost the markets to a sharply higher open with the Dow leaping 217 points to 13,096. Nasdaq jumped 59 points to 2969.

On the upside

The Wall Street Journal reported that Knight Capital (NYSE: KCG) obtained a line of credit.

LinkedIn (NYSE: LNKD) reported lower second quarter earnings but revenue surged to surpass analyst expectations prompting the professional networking site to lift its full year outlook.

EOG Resources (NYSE: EOG) reported higher second quarter earnings that beat expectations and lifted its full year production growth.

On the downside

Molycorp (NYSE: MCP) fell to an unexpected loss for the second quarter as expenses rose.

Zipcar (Nasdaq: ZIP) narrowed second quarter losses but the car sharing network forecast third quarter revenue that fell short of expectations.

Health Net (NYSE: HNT) reported higher second quarter earnings but the managed health care services provider lowered its full year forecast.

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 786.
Disappointment that neither the Federal Reserve nor the European Central Bank will provide further stimulus measures sent the markets tumbling to a sharply lower close with the Dow dropping 92 points to 12,878. Nasdaq lost 10 points to 2909.

On the upside

Ocwen Financial (NYSE: OCN) reported higher second quarter earnings as revenue surged to beat analyst expectations.

Second quarter earnings fell for United Online (Nasdaq: UNTD) but the results beat analyst expectations and the company announced plans to separate into two publicly traded companies.

OfficeMax (NYSE: OMX) reversed year ago losses to post a better than expected profit for the second quarter.

On the downside

Incyte (Nasdaq: INCY) swung to a profit for the second quarter but the biopharmaceutical changed its revenue recognition model.

Standard & Poor's downgraded the long and short term ratings for ArcelorMittal (NYSE: MT).

Monster Worldwide (NYSE: MWW) reported lower second quarter earnings and forecast lower third quarter results.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 768.

ECB Fails To Act, Markets Plunge

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The European Central Bank failed to announce further stimulus measures sending the markets tumbling during the midday with the Dow plunging 149 points to 12,821. Nasdaq dropped 19 points to 2900.

On the upside

Tesoro (NYSE: TSO) reported sharply higher second quarter earnings that surpassed analyst expectations by a wide margin, announced a $500 million stock repurchase plan and declared a dividend of 12 cents per share payable on September 14, 2012 to shareholders of record on August 31, 2012.

July same store sales for Gap (NYSE: GPS) soared a greater than expected 10%.

Genco Shipping (NYSE: GNK) fell to a loss for the second quarter but the results topped estimates and announced waivers from three credit facilities to postpone payments until December 2013.

On the downside

Aeropostale (NYSE: ARO) reported a disappointing 1% drop in July same store sales prompting the teen retailer to slash its second quarter earnings outlook.

Abercrombie & Fitch (NYSE: ANF) warned that second quarter and full year earnings will fall far short of expectations after same store sales plunged 10%.

Sealed Air (NYSE: SEE) disappointed by falling to a loss for the second quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 5 points to 765.
The opened mixed with the Dow slipping 18 points to 12,952 while Nasdaq gained 13 points to 2933 as first time applications for unemployment benefits rose less than expected.

On the upside

Green Mountain Coffee Roasters (Nasdaq: GMCR) reported higher third quarter earnings that topped analyst estimates as revenue climbed and announced a stock repurchase plan.

Gilead Sciences (Nasdaq: GILD) will partner with Indian manufacturers to produce low-cost generic versions of its HIV treatment emtricitabine for developing countries.

First Solar (Nasdaq: FSLR) reported sharply higher second quarter earnings that surpassed expectations by a wide margin as revenue soared and lifted its full year guidance.

On the downside

Knight Capital Group (NYSE: KCG) blamed a new trading software program for incurring a $440 million loss yesterday from erroneous transactions and said that the broker must raise capital.

MGIC Investment (NYSE: MTG) widened second quarter losses more than expected and must raise $200 million in order to comply with the maximum regulatory risk-to-capital ratio.

The Food and Drug Administration rejected Halozyme Therapeutics' (Nasdaq: HALO) HyQ citing safety concerns.

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 more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 772.
The Federal Reserve announced no new economic stimulus measures to weigh the markets down to a lower close with the Dow losing 32 points to 12,976. Nasdaq fell 19 points to 2920.

On the upside

An appeals court sided with InterDigital (Nasdaq: IDCC) in its patent infringement claim against Nokia (NYSE: NOK).

Vonage (NYSE: VG) swung to a loss for the second quarter but the results were better than expected.

Resolute Forest Products (NYSE: RFP) reported a second quarter loss but the results surpassed analyst expectations.

On the downside

Second quarter earnings fell for Digital River (Nasdaq: DRIV) and the company forecast current quarter as well as full year result below analyst expectations.

Con-way (NYSE: CNW) reported sharply higher second quarter earnings but the results missed estimates.

Sourcefire (Nasdaq: FIRE) swung to a profit for the second quarter but security software firm forecast current quarter earnings below expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks sank 15 points to 771.
The markets traded mixed during the midday with the Dow rising 36 points to 13,045 as unusual activity halted trading on some stocks. Nasdaq eased a point to 2937.

On the upside

Frontier Communications (Nasdaq: FTR) reported lower second quarter earnings.

Radian Group (NYSE: RDN) fell to a loss for the second quarter but the number of delinquent loans dropped and the company wrote $8.3 billion in new insurance.

Allstate (NYSE: ALL) reversed year ago losses to post a stronger than expected profit for the second quarter as revenue rose.

On the downside

Knight Capital Group (NYSE: KCG) said that routing errors impacted trades of approximately 150 companies on the New York Stock Exchange.

Genworth Financial (NYSE: GNW) said that it may not be able to spin-off its mortgage insurance business.

Polypore International (NYSE: PPO) disappointed with lower second quarter earnings that fell short of analyst expectations prompting downgrades.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 783.
The nation's private employers created more jobs than expected in July to lift the markets to a higher open with the Dow rising 37 points to 13,046. Nasdaq added a point to 2941.

On the upside

Silicon Image (Nasdaq: SIMG) narrowed second quarter losses more than expected as revenue rose and the company forecast current quarter revenue ahead of estimates.

Shares of Nokia (NYSE: NOK) rose even after Lenova denied rumors that it was exploring a possible acquisition of the mobile phone company.

Magnum Hunter (NYSE: MHR) reported a sharp 161% jump in second quarter production and announced a monthly cash dividend for its Series C and Series D preferred stock.

On the downside

Analysts expect Molycorp (Nasdaq: MCP) to report sharply lower second quarter earnings tomorrow.

Harley-Davidson (NYSE: HOG) reported higher second quarter earnings that topped analyst expectations but the company warned of weakening demand.

ServiceSource International (Nasdaq: SREV) widened second quarter losses and forecast third quarter earnings and revenue that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 786.

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