October 2012 Archives

The markets closed lower with the Dow slipping 10 points to 13,096 on cautious trading after Hurricane Sandy halted trading for two days. Nasdaq lost 10 points to 2977.

On the upside

Activist investor Carl Icahn acquired a 10% stake in Netflix (Nasdaq: NFLX).

Quanta Services (NYSE: PWR) reported sharply higher third quarter earnings that nearly doubled to surpass analyst expectations by a wide margin.

HMS Holdings (Nasdaq: HMSY) will repurchase up to $50 million worth of common shares.
 
On the downside

Impax Laboratories (Nasdaq: IPXL) reported higher third quarter earnings and revenue but both fell short of analyst expectations.

QEP Resources (NYSE: QEP) fell to a loss for the third quarter as revenue dropped and the company forecast full year gas production below estimates.

Lender Processing Services (NYSE: LPS) reported higher third quarter earnings but announced that it will pay $1.8 million to Colorado to settle allegations that the company used unauthorized signatures on mortgage related documents.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 818.
The markets turned negative during the midday with the Dow slipping 24 points to 13,082 as power outages continued to plague many traders. Nasdaq fell 19 points to 2968.

On the upside

PVH (NYSE: PVH) will acquire Warnaco Group (NYSE: WRC) in a cash and stock deal valued at approximately $2.9 billion.

General Motors (NYSE: GM) reported lower third quarter earnings but the results beat analyst expectations by a wide margin.

CommVault Systems (Nasdaq: CVLT) reported higher second quarter earnings and revenue on Monday that beat analyst expectations.
 
On the downside

GT Advanced Technologies (Nasdaq: GTAT) warned that third quarter revenue would be at the low end of its forecast and announced plans to eliminate 25% of its workforce.

National Bank of Greece (NYSE: NBG) must hold another shareholder meeting to vote on the acquisition offer made for rival Eurobank.

Vivus (Nasdaq: VVUS) will release third quarter results before market open on Tuesday, November 6, 2012.

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 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 813.
The markets opened mixed after Hurricane Sandy forced Wall Street to close for two days. The Dow gained 46 points to 13,153 while Nasdaq lost 9 points to 2978.

On the upside

Generator maker Generac Holdings (NYSE: GNRC) reported higher third quarter earnings that topped analyst estimates and lifted its full year guidance as sales surged due to Hurricane Sandy preparation.

Bayer announced yesterday that it would pay a premium of approximately $1.2 billion to acquire Schiff Nutrition International (NYSE: SHF).

UBS (NYSE: UBS) reported significant third quarter losses and announced restructuring plans yesterday that included the elimination of 10,000 jobs.
 
On the downside

Riverbed Technology (Nasdaq: RVBD) announced on Monday that it would pay approximately $1 billion to acquire Opnet Technologies (Nasdaq: OPNT).

Western Union (NYSE: WU) reported higher third quarter earnings but the company trimmed its full year outlook.

Talisman (NYSE: TLM) fell to a significant loss for the third quarter and slashed 2013 capital spending by more than $1 billion.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 815.

U. S. Markets Closed

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U. S. markets are closed due to Hurricane Sandy.

U. S. Markets Closed

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U. S. markets are closed due to Hurricane Sandy.

Flat Close Over Economic Data

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The markets closed flat with the Dow adding 3 points to 13,107 despite a greater than expected gain in the nation's gross domestic product as consumer sentiment rose less than expected. Nasdaq edged up a point to 2987.

On the upside

Rumors that Microsoft (Nasdaq: MSFT) may be interested in acquiring Netflix (Nasdaq: NFLX) lifted shares of the Internet streaming and DVD rental company.

Eastman Chemical (NYSE: EMN) reported lower third quarter earnings but the results beat expectations and the company lifted its guidance for the year.

Cloud Peak Energy (NYSE: CLD) reported higher third quarter earnings that topped analyst estimates.
 
On the downside

Deckers Outdoor (Nasdaq: DECK) reported lower third quarter earnings and cut its full year outlook.

Goodyear Tire & Rubber (NYSE: GT) disappointed with lower third quarter earnings that missed expectations.

Quantum (NYSE: QTM) priced its private placement offering of convertible senior notes.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 813.
The markets extended its losses during the midday with the Dow losing 46 points to 13,057 as consumer sentiment rose less than expected in October. Nasdaq dropped 21 points to 2964.

On the upside

Third quarter earnings for Taser International (Nasdaq: TASR) more than tripled as revenue climbed.

Varian Medical Systems (NYSE: VAR) reported higher fourth quarter earnings that topped analyst estimates.

Acme Packet (Nasdaq: APKT) fell to a loss for the third quarter but the results were better than expected.
 
On the downside

HMS Holdings (Nasdaq: HMSY) disappointed with lower third quarter earnings even as revenue rose.

Constant Contact (Nasdaq: CTCT) reported higher third quarter earnings but the company's customer conversion rate fell short and the online marketer lowered its revenue guidance for the full year.

Standard Pacific (NYSE: SPF) swung to a profit for the third quarter but the results fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 808.
October consumer sentiment climbed to a five year high but the markets opened lower with the Dow slipping 8 points to 13,095. Nasdaq held steady at 2986.

On the upside

Arch Coal (NYSE: ACI) reported sharply higher third quarter earnings that beat analyst expectations by a wide margin.

First quarter earnings dropped for DeVry (NYSE: DV) but the results surpassed expectations.

Expedia (Nasdaq: EXPE) reported lower third quarter earnings but the results topped analyst estimates.
 
On the downside

VeriSign (Nasdaq: VRSN) reported higher third quarter earnings and revenue but company's renewal contract with the Internet Corporation for Assigned Names and Numbers is still being reviewed by the Commerce Department.

The Food and Drug Administration denied a Formal Dispute Resolution Request related to Columbia Laboratories' (Nasdaq: CBRX) and Watson Pharmaceuticals' (NYSE: WPI) New Drug Application for their preterm birth prevention treatment Prochieve.

Stifel Nicolaus downgraded Dean Foods (NYSE: DF) to a Hold rating.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 815.
The markets closed modestly higher with the Dow rising 26 points to 13,103 despite disappointing earnings as jobless claims fell. Nasdaq added 4 points to 2986.

On the upside

Gardner Denver (NYSE: GDI) began soliciting bids for a possible acquisition of the company.

Teradyne (NYSE: TER) reported higher third quarter earnings as revenue soared to beat analyst expectations.

NXP Semiconductor (Nasdaq: NXPI) reversed year ago losses to post a profit for the third quarter.
 
On the downside

Third quarter earnings plunged for New York Times (NYSE: NYT).

Quantum (NYSE: QTM) fell to a loss for the second quarter as revenue dropped.

Shares of Pandora Media (NYSE: P) tumbled after Bloomberg reported that Apple (Nasdaq: AAPL) engaged in discussions to introduce an Internet radio service in early 2013.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 816.

Markets Slip As Earnings Disappoint

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The markets traded lower during the midday with the Dow slipping 21 points to 13,055 as earnings disappointed. Nasdaq eased a point to 2980.

On the upside

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

Angie's List (Nasdaq: ANGI) posted a smaller than expected loss for the third quarter as revenue climbed.

Third quarter earnings fell for Royal Caribbean Cruises (NYSE: RCL) but the results beat expectations and the cruise operator lifted its full year guidance.

On the downside

DuPont Fabros Technology (NYSE: DFT) blamed higher expenses for a sharp drop in third quarter earnings.

Best Buy (NYSE: BBY) warned of lower third quarter earnings and announced the retirement of the president of U. S. business Mike Vitelli at the end of the fiscal year.

Third quarter earnings plunged for Cliffs Natural Resources (NYSE: CLF) as revenue tumbled.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 811.
A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 74 points to 13,152. Nasdaq climbed 17 points to 2999.

On the upside

McKesson (NYSE: MCK) will acquire PSS World Medical (Nasdaq: PSSI) in a deal valued at approximately $2.1 billion including the assumption of debt.

Zynga (Nasdaq: ZNGA) fell to a loss for the third quarter but revenue rose to top analyst estimates.

Symantec (Nasdaq: SYMC) reported higher second quarter earnings and revenue that beat analyst expectations.

On the downside

Spirit AeroSystems (NYSE: SPR) warned that pretax charges will total approximately $590 million in the third quarter and announced the settlement of all claims related to a severe weather event on April 14, 2012 at its Wichita, Kansas facility.

Crocs (Nasdaq: CROX) reported higher third quarter earnings but the plastic shoe maker forecast current quarter results below estimates.

F5 Networks (Nasdaq: FFIV) reported flat fourth quarter earnings that missed expectations and forecast first quarter results that fell short of analyst estimates.

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 added 3 points to 817.
Despite a sharp gain in new home sales, the markets closed lower with the Dow losing 25 points to 13,077 over disappointing earnings. Nasdaq slipped 8 points to 2981.

On the upside

NuVasive (Nasdaq: NUVA) reversed year ago losses to post a better than expected profit for the third quarter as revenue rose.

Fortune Brands Home & Security (NYSE: FBHS) reported sharply higher third quarter earnings that surpassed analyst expectations and raised its earnings guidance for the year.

Third quarter earnings dropped for Molina Healthcare (NYSE: MOH) but the results were better than expected.

On the downside

The Food and Drug Administration declined to approve United Therapeutics' (Nasdaq: UTHR) new drug application for extended release tablets of its pulmonary arterial hypertension treatment treprostinil diethanolamine.

Altera (Nasdaq: ALTR) reported lower third quarter earnings and warned of sequentially lower revenue in the fourth quarter.

Brinker International (NYSE: EAT) reported higher first quarter earnings but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 813.

Jump In New Home Sales Lifts Markets

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September new home sales jumped 5.7% to lift the markets during the midday with the Dow rising 27 points to 13,129. Nasdaq added 2 points to 2993.

On the upside

PolyOne will pay approximately $246 million to acquire Spartech (NYSE: SEH).

Monster Beverage (Nasdaq: MNST) issued a statement affirming that its energy drinks are safe to consume.

Polycom (Nasdaq: PLCM) reported lower third quarter earnings and revenue but the results beat analyst expectations.

On the downside

Compuware (Nasdaq: CPWR) disappointed with lower second quarter earnings and revenue.

Nationstar (NYSE: NSM) lost its bid to acquire Residential Capital's loan servicing business at a bankruptcy auction.

Newfield Exploration (NYSE: NFX) fell to a wider than expected loss for the third quarter.

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 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 814.

Higher Open As New Home Sales Rise

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A sharp increase in new home sales lifted the markets to a higher open with the Dow rising 37 points to 13,140. Nasdaq gained 5 points to 2995.

On the upside

Facebook (Nasdaq: FB) reported a loss for the third quarter due to stock compensation expenses but the results were better than expected.

Millennial Media (NYSE: MM) priced its public offering of 10 million common shares at $14.15 per share.

RF Micro Devices (Nasdaq: RFMD) fell to a loss for the second quarter but the results topped analyst estimates prompting an upgrade.

On the downside

Netflix (Nasdaq: NFLX) posted a better than expected profit for the third quarter but the company added fewer new subscribers than forecast and the company cut its full year subscriber growth numbers.

Corning (NYSE: GLW) reported lower third quarter earnings and announced plans to eliminate jobs.

Tempur-Pedic (NYSE: TPX) fell to a loss for the third quarter and lowered its guidance for the full year.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 814.
Disappointing earnings along with downgrades of five Spanish regions sent the markets tumbling to a sharply lower close with the Dow plummeting 243 points to 13,102. Nasdaq dropped 26 points to 2990.

On the upside

Bargain hunters snapped up shares of Overseas Shipholding Group (NYSE: OSG), whose stock price collapsed yesterday after the company said that it may file for bankruptcy protection.

Apple (Nasdaq: AAPL) failed to introduce an Internet music service which alleviated competition fears for Pandora Media (NYSE: P).

RadioShack (NYSE: RSH) fell to a loss for the third quarter but the results were better than expected.

On the downside

Monster Beverage (Nasdaq: MNST) extended its losses after the Food and Drug Administration confirmed yesterday that it was investigating five possible deaths linked to energy drinks made by Monster.

CIT Group (NYSE: CIT) widened third quarter losses more than expected.

Third quarter earnings for Autoliv (NYSE: ALV) fell more than expected prompting the company to cut its guidance for the full year.

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

Markets Extend Losses At Midday

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The markets extended its losses during the midday with the Dow stumbling 244 points to 13,10 in reaction to Moody's downgrade of five Spanish regions. Nasdaq tumbled 32 points to 2984.

On the upside

Harley-Davidson (NYSE: HOG) reported lower third quarter earnings and revenue as the motorcycle maker introduced a new production system but revenue beat expectations.

Third quarter earnings and revenue fell for Whirlpool (NYSE: WHR) but the results were better than expected.

BSD Medical (Nasdaq: BSDM) reported greatly improved tumor destruction in rectal cancer patients when hyperthermia is added to treatment.

On the downside

Third quarter financials for Reynolds America (NYSE: RAI) failed to include a $5 million payment to Star Scientific (Nasdaq: STSI) to settle a patent suit.

UBS analyst Jason DeRise said that buying Supervalu (NYSE: SVU) would be risky.

American Eagle Outfitters (NYSE: AEO) expects to merely meet expectations for the third quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 12 points to 808.
Moody's downgrade of five regions in Spain sent the markets tumbling to a sharply lower open with the Dow plummeting 235 points to 13,110. Nasdaq plunged 39 points to 2977.

On the upside

Coach (NYSE: COH) reported higher first quarter earnings that topped analyst estimates as revenue rose.

ARM Holdings (Nasdaq: ARMH) reported higher third quarter earnings as revenue climbed to surpass analyst expectations.

Yahoo (Nasdaq: YHOO) reported higher third quarter earnings that beat analyst expectations.

On the downside

Third quarter earnings surged for Regions Financial (NYSE: RF) as loan loss provisions dropped but margins fell.

Xerox (NYSE: XRX) reported lower third quarter earnings as revenue fell below analyst expectations and warned of a significant restructuring charge for the current quarter.

DuPont (NYSE: DD) disappointed with sharply lower third quarter earnings and announced plans to eliminate 1,500 jobs.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 11 points to 808.
The markets closed flat with the Dow adding 2 points to 13,345 as cautious investors monitored earnings news. Nasdaq rose 11 points to 3016.

On the upside

Stereotaxis (Nasdaq: STXS) appointed former Accuray president and chief executive Dr. Euan Thompson to its board.

JMP Securities affirmed its Outperform rating on Ziopharm Oncology (Nasdaq: ZIOP).

Toyota Industries will pay a premium of approximately $65 per share in cash to acquire Cascade (NYSE: CASC).

On the downside

The Food and Drug Administration received reports that Monster Beverage (Nasdaq: MNST) energy drinks were linked to five deaths.

Finacity facilitated a $150 million securitization for Manitowoc (NYSE: MTW).

Avid Technology (Nasdaq: AVID) warned of wider losses for the third quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 820.
The markets traded mixed during the midday with the Dow losing 28 points to 13,314 as investors digested corporate earnings reports. Nasdaq added 3 points to 3009.

On the upside

Bargain hunters snapped up shares of Arch Coal (NYSE: ACI) whose stock price dropped on Friday on reports that retirees of bankrupt Patriot Coal may pursue claims against Arch Coal where many retirees worked before being acquired by Patriot.

Sichuan Chemical Industry agreed to purchase more than $2 billion worth of potash over a ten year period from Prospect Global Resources (Nasdaq: PGRX).

A jury ruled that Volcano (Nasdaq: VOLC) did not infringe on St. Jude Medical (NYSE: STJ) patents.

On the downside

Ellie Mae (NYSE: ELLI) introduced a new solution for creating and completing loan documents from initial disclosure to closing but the stock price dropped.

Nielsen (NYSE: NLSN) reported higher third quarter earnings that topped analyst estimates but revenue fell short of expectations.

Magnum Hunter (NYSE: MHR) discovered an inadvertent accounting error in the calculation of non-cash share-based compensation expense related to common stock options granted in the second quarter 2012.

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 820.

Mixed Open Over Earnings

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The markets opened mixed with the Dow slipping 18 points to 13,325 while Nasdaq added 3 points to 3009 as investors continued to monitor corporate earnings.

On the upside

Permira will take Ancestry.com (Nasdaq: ACOM) private in a deal valued at approximately $1.6 billion. 

Peabody Energy (NYSE: BTU) reported sharply lower third quarter earnings but the results surpassed analyst expectations by a wide margin and the company forecast full year earnings ahead of estimates.

Supervalu (NYSE: SVU) continued rising on reports that it may be acquired.

On the downside

Overseas Shipholding Group (NYSE: OSG) may have to restate financial statements as far back as 2008 and warned that it may file for Chapter 11 bankruptcy protection.

The Canadian government blocked Petronas' offer to acquire Progress Energy Resources which has threatened to derail China National Offshore's $15.2 billion bid for Nexen (NYSE: NXY).

European regulators rejected Vivus' (Nasdaq: VVUS) obesity treatment Qsiva.

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 eased a fraction to 820.
A slew of disappointing corporate earnings sent the markets into a tailspin with the Dow collapsing 205 points to 13,343. Nasdaq plunged 67 points to 3005.

On the upside

MagicJack (Nasdaq: CALL) reversed year ago losses to post a profit for the third quarter as revenue soared. 

Shares of Ethan Allen (NYSE: ETH) continued climbing after reporting higher third quarter earnings that surpassed analyst expectations by a wide margin.

City National (NYSE: CYN) reported sharply higher third quarter earnings that beat expectations.

On the downside

Cleveland BioLabs (Nasdaq: CBLI) priced its public offering of 7.5 million units at $2.00 per unit.

McMoRan Exploration (NYSE: MMR) widened third quarter losses as revenue tumbled.

A. M. Best placed the financial strength rating of Meadowbrook Insurance Group (NYSE: MIG) under review with negative implications.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 16 points to 821.

Markets Extend Losses

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The markets extended its losses during the midday with the Dow plummeting 160 points to 13,388 as earnings disappoint. Nasdaq sank 57 points to 3015.

On the upside

Manpower (NYSE: MAN) reported lower third quarter earnings but the results surpassed analyst expectations and the workforce solutions company forecast current quarter results ahead of estimates. 

Robert Half (NYSE: RHI) reported higher third quarter earnings that beat expectations as revenue climbed.

Third quarter earnings rose for Honeywell (NYSE: HON) to top analyst estimates.

On the downside

Shares of Clearwire (Nasdaq: CLWR) continued falling after Sprint (NYSE: S) announced plans to take a majority stake in wireless broadband provider.

Parker Hannifin (NYSE: PH) disappointed with lower third quarter earnings that fell far short of analyst expectations.

E*Trade (Nasdaq: ETFC) fell to an unexpected loss for the third quarter.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 820.
Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plunging 102 points to 13,446. Nasdaq plummeted 26 points to 3046.

On the upside

Third quarter earnings fell for SanDisk (Nasdaq: SNDK) but the results surpassed analyst expectations by a wide margin. 

Riverbed Technology (Nasdaq: RVBD) reported higher third quarter earnings that topped analyst estimates.

Capital One Financial (NYSE: COF) reported sharply higher third quarter earnings and revenue that beat analyst expectations.

On the downside

Marvell Technology (Nasdaq: MRVL) cut its third quarter revenue guidance and announced the resignation of chief executive officer Clyde Hosein prompting downgrades.

Chipotle Mexican Grill (NYSE: CMG) reported higher third quarter earnings and revenue but the results missed analyst expectations.

Advanced Micro Devices (Nasdaq: AMD) fell to a larger than expected loss for the third quarter and announced plans to eliminate approximately 1,770 employees.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 830.
Google's earnings miss weighed the markets down to a lower close with the Dow slipping 8 points to 13,548. Nasdaq tumbled 31 points to 3072.

On the upside

A Food and Drug Administration advisory panel recommended approval of Aegerion's (Nasdaq: AEGR) cholesterol treatment lomitapide. 

USG (NYSE: USG) narrowed third quarter losses as revenue rose.

Rumors circulated that Juniper Networks (NYSE: JNPR) may be acquired by EMC (NYSE: EMC).

On the downside

Lexicon Pharmaceuticals (Nasdaq: LXRX) priced its public offering of 17.5 million common shares at the discounted price of $2.25 per share.

Third quarter earnings rose for BB&T (NYSE: BBT) but the results fell short of analyst expectations.

CytRx (Nasdaq: CYTR) priced its offering of 8 million common shares at the discounted price of $2.50 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 837.
The markets traded mixed during the midday with the Dow rising 9 points to 13,566 over mixed earnings news. Nasdaq dropped 23 points to 3081.

On the upside

Indian Hotels offered a premium of $12.63 per share in cash to acquire Orient-Express Hotels (NYSE: OEH). 

Wesco International (NYSE: WCC) reported higher third quarter earnings that topped analyst expectations and completed the acquisitions of Trydor Industries and Conney Safety.

Shares of Hovnanian Enterprises (NYSE: HOV) continued climbing after the Commerce Department reported yesterday that September housing starts surged.

On the downside

Align Technology (Nasdaq: ALGN) reported lower preliminary third quarter earnings that missed analyst expectations and forecast disappointing current quarter results.

Abbott Laboratories (NYSE: ABT) ended a clinical trial of the chronic kidney disease treatment bardoxolone methyl due to serious adverse events and mortality.

Mellanox Technologies (Nasdaq: MLNX) reported sharply higher third quarter earnings and revenue but the company forecast current quarter results below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by more than 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 842.
A slowdown in China's economic growth weighed the markets down to a lower open with the Dow slipping 2 points to 13,554. Nasdaq lost 15 points to 3088.

On the upside

Supervalu (NYSE: SVU) fell to a second quarter loss and reported that it was involved in ongoing discussions on strategic options. 

KeyCorp (NYSE: KEY) reported higher third quarter earnings that topped analyst estimates.

MGM Resorts (NYSE: MGM) will pay $161.4 million to Macau for land to build a new casino resort.

On the downside

MannKind (Nasdaq: MNKD) priced its offering of 40 million common shares and warrants to purchase 30 million common shares at the discounted price of $2.00.

Sprint (NYSE: S) will take a majority stake in Clearwire (NYSE: CLWR) by acquiring approximately 31 million Class A shares and approximately 2.7 million Class B shares.

Nokia (NYSE: NOK) widened third quarter losses more than expected as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 842.
The markets closed flat with the Dow adding 5 points to 13,557 despite soaring housing starts as investors digested disappointing earnings. Nasdaq edged up 2 points to 3104.

On the upside

Sify Technologies (Nasdaq: SIFY) reversed year ago losses to post a profit for the second quarter as revenue climbed. 

Deerfield Capital acquired a 6.2% stake in InterMune (Nasdaq: ITMN).

Shares of Alpha Natural Resources (NYSE: ANR) climbed after a Barron's article said that coal companies were underpriced.

On the downside

Debtwire reported that Overseas Shipholding (NYSE: OSG) may have retained the services of Proskauer to restructure the company.

St. Jude Medical (NYSE: STJ) reported lower third quarter earnings as revenue slipped and warned that the Food and Drug Administration may issue a warning letter about it's manufacturing facility in Sylmar, California.

Third quarter earnings tumbled for Stanley Black & Decker (NYSE: SWK) to  fall far short of analyst expectations even as revenue rose.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 842.

Mixed Markets Over Earnings

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The markets traded mixed during the midday with the Dow losing 12 points to 13,539 over mixed corporate earnings. Nasdaq rose 7 points to 3108.

On the upside

A greater than expected 15% surge in September housing starts lifted shares of Hovnanian Enterprises (NYSE: HOV), PulteGroup (NYSE: PHM) and Beazer Homes (NYSE: BZH). 

Dean Foods' (NYSE: DF) WhiteWave Foods unit priced its initial public offering to raise up to $320 million.

Shares of mortgage insurer MGIC Investment (NYSE: MTG) climbed on news that housing starts soared last month.

On the downside

IBM (NYSE: IBM) reported flat third quarter earnings and lower revenue that fell short of analyst expectations.

Apollo Group (NYSE: ABT) reported higher third quarter earnings but revenue slipped to fall short of expectations.

Third quarter earnings rose for Textron (NYSE: TXT) but the results missed analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 842.
The markets opened mixed with the Dow slipping 7 points to 13,544 while Nasdaq added 4 points to 3105 as September housing starts climbed 15% to a four year high.

On the upside

ASML (Nasdaq: ASML) offered approximately $2.55 billion in cash and stock to acquire Cymer (Nasdaq: CYMI). 

Cree (Nasdaq: CREE) reported higher first quarter earnings that topped analyst estimates.

Third quarter earnings climbed for United Rentals (NYSE: URI) as revenue surged.

On the downside

Fortinet (Nasdaq: FTNT) disappointed with lower third quarter earnings.

Apollo Group (Nasdaq: APOL) reported sharply lower fourth quarter earnings as revenue fell, forecast disappointing fiscal 2013 revenue, and announced the closure of 25 campuses and the elimination of 800 jobs.

Check Point Software Technologies (Nasdaq: CHKP) reported higher third quarter earnings and revenue but the Internet and network security technology company forecast fourth quarter results below analyst expectations.

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 gained 5 points to 841.
A better than expected gain in industrial production along with strong corporate earnings sent the markets soaring to a sharply higher close with the Dow leaping 127 points to 13,551. Nasdaq surged 36 points to 3101.

On the upside

Motley Fool listed Cliffs Natural Resources (NYSE: CLF) as one of four mid-cap stocks with much upside potential. 

First Solar (Nasdaq: FSLR) will build solar power plants in Indonesia that will generate 100 megawatts of solar power.

BlackRock will create three low cost funds that will use MSCI (NYSE: MSCI) indexes and will not reduce fees on any exchange traded funds that track MSCI benchmarks.

On the downside

Diebold (NYSE: DBD) blamed delays in Brazil for lowering its full year guidance.

Investors locked in profits on James River Coal (Nasdaq: JRCC) whose stock price climbed last week after Dahlman & Rose said that Chinese coal demand would increase.

InterOil (NYSE: IOC) announced that it entered into a five year $100 million secured loan facility.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 835.

Markets Surge As Earnings Impress

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The markets surged during the midday with the Dow jumping 130 points to 13,554 over impressive corporate earnings. Nasdaq soared 33 points to 3097.

On the upside

Identive Group (Nasdaq: INVE) unveiled a new secure identification card reader for Apple (Nasdaq: AAPL) mobile devices. 

Analysts expect Nokia (NYSE: NOK) to widen losses for the third quarter when the cellphone maker reports earnings on Thursday but the launch of Windows 8 devices next week should increase its market share.

Citigroup upgraded Fossil (Nasdaq: FOSL) to a Buy rating.

On the downside

Government Properties Income Trust (NYSE: GOV) priced its public offering of 7.5 million common shares at the discounted price of $23.25 per share.

PNC Financial Services Group (NYSE: PNC) reported higher third quarter earnings but the results fell short of analyst expectations.

Costamare (NYSE: CMRE) priced its public offering of 7 million common shares at the discounted price of $14 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 833.

Higher Open On Strong Earnings

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Strong earnings news lifted that markets to a sharply higher open with the Dow surging 110 points to 13,534. Nasdaq gained 16 points to 3081.

On the upside

New Frontier Media (Nasdaq: NOOF) will be acquired by LFP Broadcasting for a premium of $2.02 per share in cash. 

Domino's Pizza (NYSE: DPZ) reported higher third quarter earnings and revenue that topped analyst expectations.

Murphy Oil (NYSE: MUR) will separate into two different companies, one dedicated to retail sales and the other focused on oil exploration and production.

On the downside

Bloomberg reported that Sprint (NYSE: S) will not acquire the remaining shares of Clearwire (Nasdaq: CLWR) that it does not already own.

Bankrate (NYSE: RATE) warned that third quarter earnings would fall short of expectations.

Abnormal growths developed in some clinical trial patients treated with Isis Pharmaceuticals' (Nasdaq: ISIS) Kynamro.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 833.
Upbeat earnings and better than expected retail sales lifted the markets to a higher close with the Dow soaring 95 points to 13,424. Nasdaq climbed 20 points to 3064.

On the upside

Shares of Alpha Natural Resources (NYSE: ANR) and James River Coal (Nasdaq: JRCC) continued climbing over recent gains in natural gas prices. 

Workday (NYSE: WDAY) stock continued advancing after making its debut on Friday.

Cyclacel Pharmaceuticals (Nasdaq: CYCC) reported update data from a Phase 2 clinical trial of its myelodysplastic syndromes treatment sapacitabine.

On the downside

MetroPCS (NYSE: PCS) stock fell after Softbank offered $20.1 billion to acquire a 70% stake in MetroPCS rival Sprint (NYSE: S).

Turquoise Hill Resources (NYSE: TRQ) rejected a request by the Mongolian government to renegotiate the Oyu Tolgoi Investment Agreement.

Lazard Capital Markets analyst Michael Lewis downgraded Harris (NYSE: HRS) to a Sell rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 828.

Rising Retail Sales Lift Markets

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The markets advanced during the midday with the Dow climbing 81 points to 13,410 as retails sales rose more than expected in September. Nasdaq gained 12 points to 3056.

On the upside

A group led by Yongye International (Nasdaq: YONG) chief executive Zishen Wu offered to take the company private for a premium of $6.60 per share. 

Abbott Laboratories (NYSE: ABT) reported high cure rates in patients using a regimen of oral hepatitis C drugs.

Eli Lilly (NYSE: LLY) reported positive results from a Phase III study of its metatastic gastric cancer treatment ramucirumab.

On the downside

Illumina (Nasdaq: ILMN) will release third quarter results on Tuesday, October 23.

Harris (NYSE: HRS) received $15 million worth of orders from a Latin American country but the stock price dropped.

Microsoft's (Nasdaq: MSFT) announcement of its new Xbox Music service weighed down shares of Pandora (NYSE: P).

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

Flat Open As Retail Sales Rise

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Rising gasoline prices lifted September retail sales a greater than expected 1.1%. The markets opened flat with the Dow edging up a point to 13,330 while Nasdaq lost 6 points to 3037.

On the upside

Citigroup (NYSE: C) reported third quarter earnings and revenue that topped analyst expectations. 

Shares of Clearwire (Nasdaq: CLWR) surged on news that Softbank will pay approximately $20.1 billion to take a 70% stake in Sprint (NYSE: S).

Oppenheimer upgraded New Oriental Education (NYSE: EDU) to an Outperform rating.

On the downside

The Food and Drug Administration accepted Delcath Systems' (Nasdaq: DCTH) liver cancer treatment for standard review but the stock price tumbled.

Dividend Channel named ARMOUR Residential REIT (NYSE: ARR) to its list of Top 10 Real Estate Investment Trust but the stock price fell.

Gannett (NYSE: GCI) reported higher third quarter earnings and revenue that surpassed analyst expectations but the stock price slipped.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 820.

Flat Close Over Mixed Earnings

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The markets closed flat with the Dow adding 2 points to 13,328 despite a strong gain in consumer sentiment as mixed earnings news weighed on investors. Nasdaq slipped 5 points to 3044.

On the upside

Shares of Workday (NYSE: WDAY) surged on its first trading day. 

Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive data from a new clinical study of its carcinoid syndrome treatment telotristat.

Ecolab (NYSE: ECL) will pay approximately $2.2 billion in cash and stock to acquire Champion Technologies.

On the downside

CLSA Asia-Pacific Markets downgraded Alpha Natural Resources (NYSE: ANR) to a Sell rating.

Stillwater Mining (NYSE: SWC) priced its public offering of convertible senior notes.

Credit Agricole downgraded Walter Energy (NYSE: WLT) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 823.
The markets retreated to trade lower during the midday with the Dow slipping 20 points to 13,306 as the surging cost of gasoline lifted wholesale prices. Nasdaq lost 7 points to 3041.

On the upside

STMicroelectronics (NYSE: STM) denied rumors that it was considering separating the company into at least two different businesses. 

JB Hunt (Nasdaq: JBHT) reported higher third quarter earnings as revenue rose to top analyst estimates.

McMoRan Exploration (NYSE: MMR) declared a quarterly cash dividend on preferred stocks payable on November 15, 2012 to shareholders of record November 1, 2012.

On the downside

Ryan & Maniskas filed a class action lawsuit against OCZ Technology Group (Nasdaq: OCZ) alleging securities law violations.

Infosys (Nasdaq: INFY) reported higher second quarter earnings but revenue fell short of expectations and the company cut its earnings guidance for year.

Bank of America/Merrill Lynch downgraded Liquidity Services (Nasdaq: LQDT) to a neutral rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 822.

Higher Open On Upbeat Earnings

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The markets opened higher with the Dow rising 43 points to 13,369 on upbeat earnings news. Nasdaq added 3 points to 3053.

On the upside

Shares of Clearwire (Nasdaq: CLWR) continued climbing on news that 49% owner Sprint (NYSE:S) may be acquired by SoftBank. 

A Food and Drug Administration staff report supported NPS Pharmaceuticals' (Nasdaq: NPSP) short bowel syndrome treatment Gattex.

Bargain hunters lifted shares of Glu Mobile (Nasdaq: GLUU).

On the downside

Aeterna Zentaris (Nasdaq: AEZS) priced its public offering of 6.6 million units at $2.50 per unit.

Advanced Micro Devices (NYSE: AMD) blamed weak demand for cutting its third quarter revenue outlook.

Wells Fargo (NYSE: WFC) reported higher third quarter earnings but revenue fell short of expectations.

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

Economic Concerns Weigh Down Markets

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The markets retreated from earlier advances to close modestly lower with the Dow slipping 18 points to 13,326 over renewed economic concerns. Nasdaq eased 2 points to 3049.

On the upside

Tenet Healthcare (NYSE: THC) began trading today after commencing a one-for-four stock split. 

Consol Energy (NYSE: CNX), James River Coal (Nasdaq: JRCC) and Walter Energy (NYSE: WLT) all climbed after Dahlman & Rose said that coal demand will rise in China.

Amicus Therapeutics (Nasdaq: FOLD) reported positive preliminary results in a Phase 2 study of its Pompe disease treatment.

On the downside

MKM Partners downgraded Ryland Group (NYSE: RYL) to a Sell rating.

Piper Jaffray analyst Michael Grondahl downgraded Higher One (NYSE: ONE) to an Underweight rating and cut its price target from $16 to $11.

GenCorp (NYSE: GY) widened third quarter losses as expenses climbed.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 829.
The markets traded higher during the midday with the Dow gaining 43 points to 13,388 as jobless claims tumbled to a four year low. Nasdaq rose 9 points to 3061.

On the upside

Dahlman Rose & Co. analyst Daniel W. Scott expects coal demand to rise in China lifting shares of Alpha Natural Resources (NYSE: ANR), Arch Coal (NYSE: ACI) and Peabody Energy (NYSE: BTU). 

J.C. Penney (NYSE: JCP) sent $10 off coupons to entice customers to their newly remodeled stores.

Billionaire investor Carl Icahn offered a premium of $32.50 per share to acquire Oshkosh (NYSE: OSK).

On the downside

Dollar Tree (Nasdaq: DLTR) expects third quarter revenue to be at the low end of its previous guidance.

MKM Partners downgraded Lennar (NYSE: LEN) to a Neutral rating.

Investors locked in profits on AuRico Gold (NYSE: AUQ) whose stock price soared yesterday after announcing the sale of its Ocampo mine to Minera Frisco.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 831.
A sharp drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow rising 62 points to 13,407. Nasdaq gained 23 points to 3075.

On the upside

Reuters reported that Japanese mobile carrier Softbank may take a majority stake in Sprint (NYSE: S) for approximately $12.8 billion. 

News that Sprint (NYSE: S) may be acquired lifted shares of Clearwire (Nasdaq: CLWR). Sprint holds a 49% stake in Clearwire.

Fastenal (Nasdaq: FAST) reported higher third quarter earnings as revenue rose.

On the downside

Oppenheimer downgraded MetroPCS (NYSE: PCS) to an Underperform rating.

Safeway (NYSE: SWY) reported higher third quarter earnings but margins shrank and revenue slipped to fall short of expectations.

Stillwater Mining (NYSE: SWC) announced an offering of $300 million in convertible senior notes.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 832.
The markets tumbled to close sharply lower with the Dow plummeting 128 points to 13,344 over corporate earnings concerns. Nasdaq dropped 13 points to 3051.

On the upside

Barnes & Noble (NYSE: BKS) chief executive William Lynch said that preorders for the new Nook HD and HD+ reached record levels. 

Shares of Lloyds Banking Group (NYSE: LYG) rose after the Financial Services Authority relaxed capital rules for banks.

Edwards Lifesciences (NYSE: EW) completed its $42 million acquisition of blood circulation monitoring company Bmeye.

On the downside

Valero Energy (NYSE: VLO) director Marbut Bob sold shares of company stock. 

Meritor (NYSE: MTOR) will release fourth quarter and full year earnings on Wednesday, November 14, 2012.

Cell Therapeutics (Nasdaq: CTIC) continued falling after announcing a public offering of $60 million in convertible preferred stock last week.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 826.
Disappointing corporate earnings weighed the markets down during the midday with the Dow plunging 116 points to 13,357. Nasdaq lost 9 points to 3055.

On the upside

Cleantech Solutions (Nasdaq: CLNT) received $2.2 million in purchase orders for 23 units of airflow dyeing machines. 

Ladenburg Thalmann affirmed its Buy rating on Keryx Biopharma (Nasdaq: KERX) and lifted its price target to $5 from $3.

FedEx (NYSE: FDX) announced a plan to cut expenses by $1.7 billion over three years.

On the downside

Accuride (NYSE: ACW) warned that full year revenue would fall short of expectations. 

Ferro (NYSE: FOE) slashed its full year earnings guidance and announced that it was exploring strategic options for its solar pastes business.

The Los Angeles Times reported that consumer groups plan to oppose Tesoro's (NYSE: TSO) $2.5 billion acquisition of Arco.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 826.

Mixed Open As Earnings Season Begins

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The markets opened mixed with the Dow losing 25 points to 13,447 while Nasdaq rose 5 points to 3070 as third quarter earnings season began.

On the upside

True Religion (Nasdaq: TRLG) retained the services of Guggenheim Securities and Greenberg Traurig to explore strategic options including the possible sale of the company. 

Yum! Brands (NYSE: YUM) reported higher third quarter earnings that topped analyst estimates as revenue climbed.

AuRico Gold (NYSE: AUQ) will sell its Ocampo mine in Mexico to Minera Frisco for $750 million in cash.

On the downside

OCZ Technology (Nasdaq: OCZ) warned of significant losses for the second quarter. 

Glu Mobile (Nasdaq: GLUU) said that second quarter losses would be approximately $3.1 million.

The Food and Drug Administration has not made a determination the New Chemical Entity application submitted by Amarin (NYSE: AMRN) for its high triglyceride treatment Vascepa.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 827.

Lower Close Ahead Of Earnings

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The markets closed lower with the Dow plunging 110 points to 13,473 as corporations began reporting third quarter earnings. Nasdaq plummeted 47 points to 3065.

On the upside

Strong international demand for coal lifted share of James River Coal (Nasdaq: JRCC) and Peabody Energy (NYSE: BTU). 

Gulfport Energy (Nasdaq: GPOR) affirmed its guidance for the full year and reported production results in the Utica Shale.

Forest Oil (NYSE: FST) will release third quarter earnings after market close on Monday, October 29, 2012.

On the downside

Supervalu (NYSE: SVU) supported the $7.5 billion antitrust settlement between credit card companies and retailers. Many retailers opposed the settlement saying that the deal failed to address price-fixing practices of credit card companies. 

Penn Virginia (NYSE: PVA) announced a public offering of 12 million common shares and $50 million of depositary shares.

Masco (NYSE: MAS) will trade ex-dividend tomorrow but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 10 points to 827.

Markets Extend Losses

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The markets extended its losses during the midday with the Dow dropping 76 points to 13,507 in anticipation of the beginning of third quarter earnings season after market close. Nasdaq tumbled 40 points to 3071.

On the upside

BSD Medical (Nasdaq: BSDM) reported an impressive 391% surge in September sales of its MicroThermX Microwave Ablation System. 

Spectrum Brands (NYSE: SPB) will pay approximately $1.4 billon in cash to acquire Stanley Black & Decker's hardware and home improvement business.

Goldman Sachs upgraded Eli Lilly (NYSE: LLY) from a Sell rating to Neutral.

On the downside

Bank of America/Merrill Lynch analyst Nat Schindler downgraded Netflix (Nasdaq: NFLX) to an Underperform rating. 

Credit Suisse analyst Wallace Cheung downgraded Baidu (Nasdaq: BIDU) to an Underperform rating.

Forbes reported that Verifone (NYSE: PAY) rival Square was close to finalizing a deal to introduce Square's payment system in New York taxi cabs.

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

Lower Open Ahead Of Earnings

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The opened lower with the Dow slipping 4 points to 13,578 ahead of corporate earnings reports. Nasdaq fell 23 points to 3088.

On the upside

Merrill Lynch analyst Denise Chai upgraded RadioShack (NYSE: RSH) to a Buy rating and lifted her price target from $2.00 to $2.50. 

Jefferies upgraded Questcor Pharmaceuticals (Nasdaq: QCOR) to a Buy rating and raised its price target to $28 from $24.

Shares of coal producer Alpha Natural Resources (NYSE: ANR) rose again after Mitt Romney vowed to increase coal production in the presidential debate last week.

On the downside

Edwards Lifesciences (NYSE: EW) warned that third quarter revenue will fall short of expectations. 

Probability will develop mobile slot games using Glu Mobile (Nasdaq: GLUU) games but the stock price fell.

Owens Corning (NYSE: OC) cut its fiscal 2012 roofing unit revenue.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by more than 9 to 7 on Nasdaq.
The International Monetary Fund cut its global economic growth forecast sending the markets down to a lower close the Dow slipping 26 points to 13,583. Nasdaq dropped 23 points to 3112.

On the upside

Eli Lilly (NYSE: LLY) released additional data from two late stage studies on potential treatments for mild Alzheimer's disease. 

Trading resumed in National Bank of Greece (NYSE: NBG). Trading was temporarily suspended on Friday after the bank offered to merge with rival Eurobank.

Barnes & Noble (NYSE: BKS) introduced its new NOOK HD and NOOK HD+ which are available for pre-orders.

On the downside

Heartland Payment Systems (Nasdaq: HPY) forecast higher operating margin and full year earnings ahead of estimates but the stock price dropped. 

MGIC Investment (NYSE: MTG) wrote $2.2 billion in new insurance and reported lower delinquencies but the stock price slipped.

An Administrative Law Judge issued orders in Unwired Planet's (Nasdaq: UPIP) patent infringement suit that weakened its case.

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 lost 4 points to 838.
Renewed concerns about the global economy weighed the markets down during the midday with the Dow falling 31 points to 13,578. Nasdaq tumbled 24 points to 3111.

On the upside

Rising iron ore prices lifted shares of Cliffs Natural Resources (NYSE: CLF). 

Navistar (Nasdaq: NAV) named two new members to its board with connections to billionaire investor Carl Icahn.

Qlik Technologies (Nasdaq: QLIK) will report third quarter results after market close on Thursday, October 25, 2012.

On the downside

Progress Software (Nasdaq: PRGS) announced the resignation of chief executive Jay Bhatt and warned that fourth quarter revenue may be negatively impacted by Bhatt's departure. 

ISI Group analyst Sumit Dhanda downgraded Intersil (Nasdaq: ISIL) to a Sell rating.

Goldman Sachs analyst Simon Schafer downgraded Alcatel-Lucent (NYSE: ALU) on Friday to a Sell rating and lowered the price target from $1.30 to $0.80.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 839.
The World Bank trimmed its economic growth outlook for Asia which weighed the markets town to a lower open with the Dow losing 43 points to 13,566. Nasdaq dropped 22 points to 3113.

On the upside

ITG Research said that used retail revenue growth for CarMax (NYSE: KMX) was greater than last year. 

Morgan Stanley analyst Scott Devitt upgraded Netflix (Nasdaq: NFLX) to an Overweight rating.

Marathon Petroleum (NYSE: MPC) will pay approximately $2.5 billion to acquire a Texas City refinery from BP.

On the downside

Wal-Mart (NYSE: WMT) partnered with American Express (NYSE: AXP) to offer a reloadable prepaid card to customers. Shares of prepaid card company Green Dot (NYSE: GDOT) tumbled. 

Affymetrix (Nasdaq: AFFX) warned that third quarter revenue would fall short of analyst expectations.

BTIG downgraded Facebook (Nasdaq: FB) to a Sell rating.

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

Mixed Close As Gas Prices Climb

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The markets closed mixed with the Dow rising 34 points to 13,610 despite an upbeat jobs report as gasoline prices soared. Nasdaq fell 13 points to 3136.

On the upside

Citi Investment Research analyst Philip Stiller affirmed his Buy rating on VeriFone Systems (NYSE: PAY) saying that the stock price was poised to recover. 

XenoPort (Nasdaq: XNPT) reported upbeat preliminary results for its relapsing-remitting multiple sclerosis and/or psoriasis treatment XP23829.

Oppenheimer affirmed its Outperform rating for Pier 1 Imports (NYSE: PIR) and lifted its price target to $25 from $20.

On the downside

Avian Securities analyst Mark Bachman downgraded First Solar (Nasdaq: FSLR) to a Negative rating citing reliability concerns. 

Monster Worldwide (NYSE: MWW) reported a 3% annual increase to its U. S. employment index for September but a 2% sequential drop.

R. W. Baird analyst William Power downgraded Neutral Tandem (Nasdaq: IQNT) to a Neutral rating and cut its price target to $10 from $15.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 842.
The markets traded higher during the midday with the Dow gaining 57 points to 13,632 as more jobs than expected were added in September. Nasdaq added 2 points to 3151.

On the upside

Roth Capital lifted its price target on Sunesis Pharmaceuticals (Nasdaq: SNSS) to $12.00 from $7.00. 

Cemex (NYSE: CX) priced its senior secured notes.

Goldman Sachs analyst Alex Ovshey upgraded Owens-Illinois (NYSE: OI) to a Buy rating and lifted his price target from $20 to $28.

On the downside

TheStreet Ratings affirmed its Hold rating on Green Mountain Coffee Roasters (Nasdaq: GMCR). 

Arbor Realty Trust (NYSE: ABR) priced its public offering of 3.5 million common shares at the discounted price of $5.80 per share.

Maricopa County demanded that Office Depot (NYSE: ODP) return approximately $5.3 million in overcharges for office supplies.

In the broad market, advancing issues outpaced decliners 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 rose 4 points to 848.
An unexpected drop in the nation's unemployment rate in September to 7.8% from 8.1% lifted the markets to a higher open with the Dow gaining 85 points to 13,661. Nasdaq climbed 21 points to 3171.

On the upside

Mexican tax authorities ruled favorably on Primero Mining's (NYSE: PPP) Advance Pricing Agreement. 

Avon (NYSE: AVP) chairman Andrea Jung will resign at the end of the year.

Energy Transfer Partners (NYSE: ETP) successfully completed its merger with Sunoco.

On the downside

Zynga (Nasdaq: ZNGA) warned of losses for the third quarter and cut its revenue guidance for the full year. 

Cell Therapeutics (Nasdaq: CTIC) priced its public offering of convertible preferred stock.

Glu Mobile (Nasdaq: GLUU) will release third quarter results after market close on Thursday, November 1, 2012.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 850.

Higher Close On ECB's Commitment

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The markets closed higher with the Dow climbing 80 points to 13,575 after European Central Bank president Mario Draghi affirmed the bank's commitment to resolving the debt crisis. Nasdaq rose 14 points to 3149.

On the upside

Bargain hunters lifted shares of ArQule (Nasdaq: ARQL) whose stock price collapsed on Tuesday after the company halted clinical trials of its lung cancer treatment tivantinib for failing to improve survival rates. 

Flagstar Bank (NYSE: FBC) joined the University of Michigan Athletic Department's corporate partner program.

Mattress Firm Holding (Nasdaq: MFRM) priced a secondary offering of more than 4.7 million common shares at $29.85 per share.

On the downside

Cell Therapeutics (Nasdaq: CTIC) will sell 40,000 shares of convertible preferred stock. 

Emulex (Nasdaq: ELX) will present a webcast on October 10 on Why I/O Is Strategic For Virtualized Environments.

Barclays expects Brazilian homebuilders to recover but shares of Gafisa (NYSE: GFA) fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 844.
European Central Bank president Mario Draghi affirmed the bank's commitment to purchasing bonds. The markets traded higher during the midday with the Dow soaring 90 points to 13,585 while Nasdaq gained 7 points to 3142.

On the upside

NII Holdings (Nasdaq: NIHD) named Juan R. Figuereo to the position of executive vice president and chief financial officer. 

Rising gold prices lifted shares of Kinross Gold (NYSE: KGC).

Cemex (NYSE: CX) forecast a 9% increase in third quarter operating EBITDA.

On the downside

Investors locked in profits on Sarepta Therapeutics (Nasdaq: SRPT) whose stock price surged yesterday on upbeat eteplirsen trial results. 

HMS Holdings (Nasdaq: HMSY) cut its full year outlook and lowered its earnings guidance.

Boardwalk Pipeline Partners (NYSE: BWP) priced its offering of 10 million common units at the discounted price of $26.99 per unit.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 838.
Mortgage rates dropped to another record low to lift the markets to a higher open with the Dow climbing 88 points to 13,583. Nasdaq rose 12 points to 3147.

On the upside

The Financial Times reported that coal exports to Europe was soaring sending shares of Arch Coal (NYSE: ACI) and Alpha Natural Resources (NYSE: ANR) higher. 

StemCells (Nasdaq: STEM) transplanted neural stem cells into its first patient in a Phase I/II dry age-related macular degeneration clinical trial.

CollabRx (Nasdaq: CLRX) partnered with Life Technologies to develop and commercialize molecular diagnostics and analysis.

On the downside

NuVasive (Nasdaq: NUVA) cut its revenue guidance for the third quarter. 

Informatica (Nasdaq: INFA) blamed economic challenges in Europe for warning that third quarter revenue would fall short of expectations.

Shares of Hewlett-Packard (NYSE: HPQ) continued falling after forecasting fiscal 2013 results far short of 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 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 842.
Despite concerns about capital reserves of Spanish banks, the markets closed modestly higher with the Dow rising 12 points to 13,494 as the nation's private employers added more jobs than expected in September. Nasdaq gained 15 points to 3135.

On the upside

Human Resource Executive magazine named Monster Worldwide's (NYSE: MWW) SeeMore recruiting platform one of the top products of 2012. 

Alere (NYSE: ALR) and the Food and Drug Administration agreed on product specifications for the company's Triage diagnostic products.

MSCI (NYSE: MSCI) engaged in advanced discussions for a possible acquisition of IPD Group.

On the downside

Xyratex (Nasdaq: XRTX) disappointed with lower third quarter earnings the fell short of analyst expectations and the company warned of losses for the current quarter. 

Superior Energy Services (NYSE: SPN) warned of lower third quarter earnings in the aftermath of Hurricane Isaac.

Stifel Nicolaus downgraded Heartland Payment Systems (NYSE: HPY) to a Sell rating.

In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 838.
Greater than expected expansion of the nation's service sector lifted the markets higher during the midday with the Dow gaining 39 points to 13,521. Nasdaq climbed 19 points to 3139.

On the upside

The Food and Drug Administration and European Union regulators approved Biolase's (Nasdaq: BIOL) dental laser device Epic 10. 

US Airways Group (NYSE: LCC) reported higher September revenue passenger miles and capacity.

Record low mortgage rates along with rising median home prices lifted shares of homebuilders Beazer Homes (NYSE: BZH), Hovnanian Enterprises (NYSE: HOV), Lennar (NYSE: LEN) and KB Home (NYSE: KBH).

On the downside

Hewlett-Packard (NYSE: HPQ) forecast fiscal 2013 results that fell far short of analyst expectations and warned of continued challenges. 

Citigroup downgraded Leap Wireless (Nasdaq: LEAP) to a Neutral rating.

Wedbush Securities downgraded Amarin (Nasdaq: AMRN) to a Neutral rating from Outperform.

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 843.
The markets opened higher with the Dow rising 16 points to 13,498 as private employers added more jobs in September than analysts expected. Nasdaq gained 10 points to 3130.

On the upside

Sarepta Therapeutics (Nasdaq: SRPT) reported upbeat midstage clinical trial results for its Duchenne Muscular Dystrophy treatment eteplirsen. 

Ocwen Financial (NYSE: OCN) will pay approximately $750 million in cash and stock to acquire Homeward Residential Holdings.

Citigroup analyst Mark Mahaney affirmed his Buy rating on Netflix (Nasdaq: NFLX).

On the downside

Profit taking sank shares of MetroPCS (NYSE: PCS) whose stock price soared yesterday on news that the cellphone carrier would be acquired by T-Mobile parent Deutsche Telekom. 

Antares Pharma (Nasdaq: ATRS) priced its public offering of 12.5 million common shares at the discounted price of $4.00 per share.

Rigel Pharmaceuticals (Nasdaq: RIGL) priced its public offering of nearly 13.7 million common shares at the discounted price of $9.50 per share.

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 lost 3 points to 836.
It was a mixed close for the markets with the Dow falling 32 points to 13,482 over concerns that Spanish banks may need even more capital than originally estimated. Nasdaq rose 6 points to 3120.

On the upside

Needham & Co. upgraded Zoltek (Nasdaq: ZOLT) to a Buy rating. 

Extreme Networks (Nasdaq: EXTR) will repurchase up to $75 million worth of common stock and launched its Global Partner Advisory Council.

The Federal Communication Commission opened a public comment period on Liberty Media's application to take over Sirius XM Radio (Nasdaq: SIRI).

On the downside

Deutsche Telekom's acquisition of MetroPCS (NYSE: PCS) weighed down shares of Sprint (NYSE: S). Rumors had circulated recently that Sprint and T-Mobile were exploring a possible partnership. 

Profit taking sank shares of Nokia (NYSE: NOK) whose stock price rose yesterday after announcing a deal with Oracle (Nasdaq: ORCL).

RadioShack (NYSE: RSH) entered a new $100 million term loan agreement and amended an existing credit agreement.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 839.
The markets extended its losses during the midday with the Dow dropping 61 points to 13,453 after New York Attorney General Eric Schneiderman filed a fraud suit against J. P. Morgan. Nasdaq slipped 2 points to 3111.

On the upside

Bloomberg reported that T-Mobile parent Deutsche Telekom may present an offer to acquire Metro PCS (NYSE: PCS) tomorrow. 

Leap Wireless (Nasdaq: LEAP) completed a spectrum swap with T-Mobile and Cook Inlet/VS GSM VII PCS that expands its 4G/LTE coverage.

Shares of Herbalife (NYSE: AMD) rose after Greenlight Capital's David Einhorn said that he would not discuss the weight management and nutritional supplement company at an investing conference today.

On the downside

Vanguard will change the benchmark for 22 of its funds from MSCI (NYSE: MSCI) to less expensive indexes.

Aruba Networks (Nasdaq: ARUN) delayed filing its fourth quarter and year end reports.

Veja reported on its website that the Securities and Exchange Commission and its Brazilian counterpart CVM were investigating TIM Participacoes (NYSE: TSU) for its accounting practices.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 839.
The markets opened mixed with the Dow slipping 12 points to 13,502 while Nasdaq rose 12 points to 3126 after Moody's said that capital shortfall of banks in Spain may be greater than expected.

On the upside

The Times of London reported that Roche may offer a premium of $60 per share to acquire Illumina (Nasdaq: ILMN). 

The Food and Drug Administration granted orphan drug status to Cell Therapeutics' (Nasdaq: CTIC) brain cancer treatment Opaxio.

AMD (NYSE: AMD) introduced its second generation AMD A-Series Accelerated Processing Units for desktop, small form-factor and home theater PCs.

On the downside

ArQule (Nasdaq: ARQL) ended a Phase 3 MARQUEE clinical trial for failing to increase overall survival.

Express (NYSE: EXPR) cut its earnings guidance for the third quarter as traffic in September weakend and the clothing retailer discounted more.

Fifth & Pacific (NYSE: FNP) blamed weakness in its Juicy Courture brand for lowering its full year forecast.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 839.
The markets retreated from earlier highs but still closed higher with the Dow climbing 77 points to 13,515 after Federal Reserve chairman Ben Bernanke said that the economy was expanding too slowly to lower the nation's unemployment rate. Nasdaq slipped 2 points to 3113.

On the upside

Synta Pharmaceuticals (Nasdaq: SNTA) reported upbeat interim results from a midstage clinical trial of non-small cell lung cancer treatment ganetespib. 

Gol Linhas (NYSE: GOL) rival TAM announced a 7% reduction in domestic routes in 2013.

TRW Automotive Holdings (NYSE: TRW) will repurchase up to $1 billion worth of stock over two years.

On the downside

MEMC Electronic Materials (NYSE: WFR) secured a $200 million term loan.

Paragon Report issued a research report on Molycorp (NYSE: MCP) saying that increased production will pressure prices.

Morgan Stanley downgraded Molson Coors (NYSE: TAP) to an Underweight rating.

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 840.
The first expansion of manufacturing activity in four months sent the markets soaring during the midday with the Dow surging 130 points to 13,567. Nasdaq added 3 points to 3120.

On the upside

Nokia (NYSE: NOK) will provide maps and location based services to Oracle's (Nasdaq: ORCL) clients. 

Delta Air Lines (NYSE: DAL) will bring back flights between Pittsburgh and Paris for one year in 2013.

FONAR (Nasdaq: FONR) reported sharply higher earnings for fiscal 2012 compared with fiscal 2011.

On the downside

Concerns arose over the effectiveness of Threshold Pharmaceuticals' (Nasdaq: THLD) pancreatic cancer treatment TH-302.

Standard & Poor's lifted its corporate credit rating on Pentair (NYSE: PNR) to BBB from BBB- but the stock price fell.

EdR (NYSE: EDR) reported that same-community opening occupancy rate for 2013-2013 dropped to 90.5% from 94.7% the previous year.

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 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 838.
Manufacturing activity expanded in September to lift the markets to a sharply higher open with the Dow soaring 147 points to 13,584. Nasdaq climbed 25 points to 3142.

On the upside

3M (NYSE: MMM) will acquire Ceradyne (Nasdaq: CRDN) in a deal valued at approximately $860 million. 

Freddie Mac lowered the capital requirement for MGIC Investment (NYSE: MTG) to continue writing insurance.

Tenet Healthcare (NYSE: THC) announced a 1-for-4 reverse stock split and will repurchase up to $500 million worth of stock.

On the downside

Janney Capital Markets analyst Mark Kalinowski downgraded Wendy's (Nasdaq: WEN) to a Neutral rating.

Mad Money's Jim Cramer recommended Sprint (NYSE: S) but the stock price fell.

UBS downgraded Alcatel-Lucent (NYSE: ALU) to a Sell rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 846.

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