November 2012 Archives

Ongoing budget talks to avert the "fiscal cliff" continued without an imminent resolution as traders closed out the month of November without making any big moves.   The Dow rose 23 points to close at 13,044 while Nasdaq added a point to finish the session at 3013.

On the upside

Mitel Networks (Nasdaq: MITL) posted 3rd quarter revenues and profits that beat estimates.

Shares of Peregrin Pharmaceuticals (Nasdaq: PPHM) rebounded from a recent sell-off.  There was no specific news on the wires to account for the rise.

Shares of Remark Media (Nasdaq: MARK) surged after investors weighed in on a recent $1.8 million convertible debt offering.

On the downside

Share of Richmont Mines (NYSE: RIC) sold off after the company announced the immediate closure of its Francoeur Mine.

Supernus Pharmaceuticals (Nasdaq: SUPN) priced 6 million shares at $8 each which promptly resulted in a sell-off to the $8 level.

Shares of Zumiez (Nasdaq: ZUMZ) lost ground after the sporting goods retailer posted higher revenues and earnings for the 3rd quarter, but lowered guidance for the 4th quarter.

In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by a margin of 6 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 820.
The markets opened slightly higher as negotiators in Washington continued working on a budget deal.   The Dow edged up 19 points to 13,040 while Nasdaq slipped 2 points to 3009.

On the upside

Shares of Ulta Salon (Nasdaq: ULTA) rose after the beauty retail chain posted higher 3rd quarter revenues and profits.  Analysts promptly upgraded the stock.

Tellabs (Nasdaq: TLAB) named a new CEO and declared a special cash dividend of $1 a share.

Shares of Christopher & Banks (NYSE: CBK) surged after the women's clothing retailer posted a 3rd quarter profit on higher same-store sales.

On the downside

Yum! Brands (NYSE: YUM) lowered its earnings outlook for the next year citing weak sales growth in China for the fast food chain.

VeriSign (Nasdaq: VRSN) agreed to certain limitations for the pricing of domain names in an agreement with ICANN.

Shares of Zynga (Nasdaq: ZNGA) fell after the online gaming company lost preferential treatment in its relationship with Facebook (NYSE: FB).

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose rose a fraction to 823.

Markets Close with Modest Gains

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Stocks ended higher for the day as investors pinned their hopes on an eventual budget deal as 3rd quarter economic growth and home sales rose.   The Dow finished at 13,021, up 36 points while Nasdaq rose 20 points to close at 3012.

On the upside

Shares of THQ (Nasdaq: THQI) in late afternoon trading on cautious optimism that the gaming company may secure some financing.

Goldman Sachs upgraded HDFC Bank (NYSE: HDB) which also boosted other Indian banks like ICICI Bank (NYSE: IBN) .

Shares of China HGS Real Estate (Nasdaq: HGSH) set new 52-week highs to lead the real estate sector.

On the downside

Supervalue (NYSE: SUV) confirmed that it was reviewing strategic options after a private equity firm reported problems securing the necessary funds for a leveraged buyout of the grocery chain.

Barnes & Noble (NYSE: BKS) posted 2nd quarter profits, but digital content sales slowed due to increased competition.

Shares of Zynga (Nasdaq: ZNGA) fell afterhours after the online gaming company disclosed new terms for its relationship with Facebook (NYSE: FB).

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose 9 points to close at 823.
The major indexes trimmed their gains as investors mulled over the latest batch of economic data and drop in weekly unemployment claims.   The Dow added 27 points to 13,013 while Nasdaq climbed 14 points to 3006 .

On the upside

Shares of Infoblox (Nasdaq: BLOX) surged after the networking company posted earnings that surpassed expectations.

Semtech (Nasdaq: SMTC) posted solid 3rd quarter profits as the semiconductor company raised its 4th quarter outlook.

Shares of Pandora Media (NYSE: P) rose ahead of its earnings announcement next week.   The stock has recently rebounded from 52-week lows.

On the downside

Tiffany's (NYSE: TIF) posted higher sales of 4% versus year-ago levels, but the announcement missed expectations.

Shares of Hi-Tech Pharmacal (Nasdaq: HITK) fell ahead of next week's earnings announcement and ongoing probes of fraudulent billing.

Furniture maker La-Z-Boy (NYSE: LZB) posted higher revenues along with a slight drop in earnings due to higher marketing and store remodeling costs.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose 7 points to 821.

The markets edged higher on hopes that lawmakers may reach a budget deal to avert the fiscal cliff.  Solid 3rd quarter growth data boosted the Dow which climbed 50 points to 13,035 while Nasdaq rose 20 points to 3012.

On the upside

An analyst upgrade of Research in Motion (Nasdaq: RIMM), maker of Blackberry devices, lifted its stock price.

Shares of the Kroger Company (NYSE: KR) rose after the grocery retailer posted higher revenues and earnings while raising its full-year outlook.

Shares of Coldwater Creek (Nasdaq: CWTR) surged after the women's clothing retailer announced a smaller than expected loss while analysts upgraded the stock.

On the downside

Costco Wholesale Corp. (Nasdaq: COST) announced a $7 per share dividend as November same-store sales climbed 6% which missed expectations.

Same-store sales for Kohl's (NYSE: KSS) dropped 5% in November while e-commerce activity failed to offset a drop in Black Friday sales.

Liquidity Services (Nasdaq: LQDT) tempered expectations for its online auction marketplace after postings higher earnings that missed estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 8 points to 822.

Fiscal Cliff Deal Near, Markets Soar

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The markets closed sharply higher with the Dow soaring 106 points to 12,985 after lawmakers indicated that they were closer to a compromise deal to avert the fiscal cliff. Nasdaq climbed 23 points to 2991.

On the upside

Gynecologic Oncology published positive results from a clinical study of Vermillion's (Nasdaq: VRML) ovarian cancer test OVA1.

Deutsche Bank initiated coverage of Idenix Pharmaceuticals (Nasdaq: IDIX) with a Buy rating.

Danfoss offered a premium of $49 per share to acquire the remaining 24% of Sauer-Danfoss (NYSE: SHS) that the industrial group does not already own.

On the downside

Universal Technical Institute (NYSE: UTI) warned of flat or lower new student enrollments in 2013.

Investors locked in profits on Mellanox Technologies (Nasdaq: MLNX), whose stock price rose Monday after TheStreet affirmed its Buy rating on the company.

The Food and Drug Administration accepted Aveo Pharmaceuticals' (Nasdaq: AVEO) new drug application for its advanced renal cell carcinoma treatment tivozanib but the stock price fell.

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 gained 5 points to 813.

Optimism that lawmakers will reach a compromise to avoid the fiscal cliff lifted the markets during the midday with the Dow gaining 57 points to 12,935. Nasdaq rose 6 points to 2974.

On the upside

Gulfport Energy (Nasdaq: GPOR) reported strong test results from its Shugert 1-12H well in the Utica Shale.

Third quarter earnings tumbled for Express (NYSE: EXPR) but the results were better than expected and the apparel retailer reported record Black Friday sales.

American Eagle Outfitters (NYSE: AEO) reported sharply higher third quarter earnings that topped analyst expectations and forecast full year results ahead of estimates.

On the downside

Jos. A. Bank Clothiers (Nasdaq: JOSB) disappointed with lower third quarter earnings that missed expectations.

Meritor (NYSE: MTOR) announced a convertible senior unsecured notes offering of $150 million.

Medley Capital (NYSE: MCC) priced its public offering of 5 million common shares at the discounted price of $13.75 per share.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 809.

Lower Open As New Home Sales Slip

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A drop in October new home sales sent the markets tumbling to a lower open with the Dow dropping 87 points to 12,790. Nasdaq fell 23 points to 2944.

On the upside

Getco offered a premium of $3.50 per share to acquire Knight Capital (NYSE: KCG).

Green Mountain Coffee Roasters (Nasdaq: GMCR) impressed with sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin prompting the company to lift its 2013 full year earnings guidance.

J.C. Penney (NYSE: JCP) launched its Holiday Giving Tour to perform special acts of kindness each day in twelve cities across the nation.

On the downside

Investors locked in profits on Acadia Pharmaceuticals (Nasdaq: ACAD), whose stock price soared on upbeat trial results for its Parkinson's disease psychosis treatment pimavanserin.

The Fresh Market (Nasdaq: TFM) reported higher third quarter earnings but the results fell short of analyst expectations.

First quarter earnings plunged for Guidewire Software (NYSE: GWRE) despite higher revenue as expenses soared.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 9 points to 798.

Concerns that Congressional leaders will fail to avert the fiscal cliff sent the markets down to a lower close with the Dow tumbling 89 points to 12,878. Nasdaq lost 8 points to 2967.

On the upside

A Food and Drug Administration letter to Monster Beverage (NYSE: MNST) indicated that ingredients taurine and guarana have not been identified as dangerous to certain population groups.

OCZ Techology (Nasdaq: OCZ) launched its new SATA III-based Vector SSD Series for high performance computing environments.

Motorola and Google (Nasdaq: GOOG) settled a patent infringement lawsuit filed by Immersion (Nasdaq: IMMR) by signing a license agreement.

On the downside

Shares of Nokia (NYSE: NOK) fell over supply and waning demand concerns.

Investors locked in profits on Oclaro (Nasdaq: OCLR), whose stock price climbed yesterday on news that the company was selling two of its divisions for $27 million.

A compromise deal was reached to unfreeze bailout funds for Greece but shares of National Bank of Greece (NYSE: NBG) fell.

In the broad market, declining issues outpaced advancers 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 point to 807.

The markets traded mixed during the midday with the Dow slipping 13 points to 12,953 while Nasdaq added 2 points to 2978 as durable goods orders held steady in October.

On the upside

Corning (NYSE: GLW) cited greater than expected demand for lifting its fourth quarter sales guidance.

Las Vegas Sands (NYSE: LVS) declared a special cash dividend of $2.75 per share payable on December 18, 2012 to shareholders of record December 10, 2012.

Generac (NYSE: GNRC) blamed market conditions for withdrawing its secondary offering.

On the downside

The market share of Research In Motion's (Nasdaq: RIMM) BlackBerry fell to 1.6%.

Bazaarvoice (Nasdaq: BV) widened second quarter losses even as revenue climbed.

Profit taking sank shares of Sarepta Therapeutics (Nasdaq: SRPT).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 810.

November consumer confidence climbed to a greater than expected 73.7 but the markets opened lower with the Dow falling 54 points to 12,913. Nasdaq lost 9 points to 2967.

On the upside

ConAgra will pay a premium of approximately $5 billion to acquire Ralcorp Holdings (NYSE: RAH).

Acadia Pharmaceuticals (Nasdaq: ACAD) announced positive results from a Phase III clinical trial of its Parkinson's disease psychosis treatment pimavanserin.

Goldman Sachs initiated coverage of Crocs (Nasdaq: CROX) with a Buy rating.

On the downside

Neptune Technologies (Nasdaq: NEPT) resumed trading after an explosion on November 8 completely destroyed production at its Sherbrooke, Quebec facilities and halted trading on the stock.

Thor Industries (NYSE: THO) reported higher first quarter earnings but the results fell short of analyst expectations.

Shares of McMoRan Exploration (NYSE: MMR) continued falling after announcing yesterday that drilling tests were taking more time than expected.

In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 809.

The markets trimmed earlier losses to close mixed with the Dow losing 42 points to 12,967 while Nasdaq gained 9 points to 2976 on strong Cyber Monday sales.

On the upside

Deutsche Bank analyst Mike Baker said that foot traffic over Black Friday weekend was the greatest at Best Buy (NYSE: BBY).

Shares of Pandora Media (NYSE: P) rose ahead of the November 28 House Judiciary Committee hearing for the Internet Radio Fairness Act.

MBIA (NYSE: MBI) avoided defaulting on bonds by changing the terms of its debt.

On the downside

Investors locked in profits on Nokia (NYSE: NOK), whose stock price climbed last week on strong Lumia sales.

Despite strong weekend sales, Macy's (NYSE: M) stock fell over concerns that fiscal cliff fears will dampen consumer spending.

McMoRan Exploration (NYSE: MMR) reported that hydrocarbon bearing porous sands were encountered in it Lineham Creek exploratory well.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 809.

The markets traded lower during the midday with the Dow tumbling 86 points to 12,922 as European debt concerns and fiscal cliff worries weighed down investor sentiment. Nasdaq lost 3 points to 2963.

On the upside

Raymond James upgraded James River Coal (Nasdaq: JRCC) to an Outperform rating.

Zhongpin (Nasdaq: HOGS) chairman and chief executive Xianfu Zhu will take the pork products producer private in an all cash deal valued at approximately $418 million.

3D Systems (NYSE: DDD) launched its next generation ProJet 3500 HDMax and CPX Max series of 3D printers.

On the downside

BancorpSouth (NYSE: BXS) appointed James Rollins III to the position of chief executive officer to replace retiring chief executive Aubrey Patterson.

Generac Holdings (NYSE: GNRC) announced a secondary offering of 11.5 million common shares.

Oppenheimer analyst Pamela Quintiliano said that foot traffic was disappointing for Ann (NYSE: ANN) over the Thanksgiving weekend.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 804.

Renewed concerns about the impending fiscal cliff sent the markets tumbling to a lower open with the Dow dropping 71 points to 12,938. Nasdaq slipped 6 points to 2960.

On the upside

Shares of Alcatel-Lucent (NYSE: ALU) continued rising after Bloomberg reported on Friday that the company engaged in discussions with Goldman Sachs for a loan.

The Wall Street Journal reported that Knight Capital (NYSE: KCG) may sell its market-making operations.

Bernstein Research analyst Carlos Kirjner upgraded Facebook (Nasdaq: FB) to an Outperform rating and raised his price target from $23 to $33.

On the downside

Qatar Holdings sold warrants in Barclays (NYSE: BCS).

Janney Montgomery Scott downgraded Aeropostale (NYSE: ARO) from a Buy rating to Neutral.

FBR Capital downgraded Chico's FAS (NYSE: CHS) to a Market Perform rating and trimmed its price target to $18 from $20.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by a margin of 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 805.

Gain In Ifo Index Boosts Markets

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An unexpected gain in Germany's Ifo Business Climate index sent the markets soaring to a sharply higher close on a shortened holiday trading session with the Dow leaping 172 points to 13,009. Nasdaq soared 40 points to 2966.

On the upside

A Seeking Alpha contributor expects Rosetta Genomics' (Nasdaq: ROSG) stock price to soar to $20 per share in two years.

Indications that the manufacturing industry in China expanded for the first time in 13 months lifted shares of e-Commerce China Dangdang (NYSE: DANG).

The Food and Drug Administration accepted MAP Pharmaceuticals' (Nasdaq: MAPP) New Drug Application resubmission for inhaled migraine treatment Levadex.

On the downside

Electrobas (NYSE: EBR) extended its losses over concerns that rate cuts and hydroelectric dam concessions will hurt revenue.

The Securities and Exchange Commission launched an investigation into OCZ Technology (NYSE: OCZ).

Profit taking sank shares of Dynavax Technologies (Nasdaq: DVAX).

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by a margin of 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 8 points to 807.

Crowds of consumers flocked to retail stores to snap up Black Friday bargains on the first official shopping day of the holiday season.  The markets opened sharply higher with the Dow soaring 112 points to 12,949 while Nasdaq surged 30 points to 2957.

On the upside

National Bank analyst Kris Thompson cited the upcoming release of Research in Motion's (Nasdaq: RIMM) BlackBerry 10 for increasing his price target on the mobile device maker from $12 to $15.

Molycorp (NYSE: MCP) chief executive Mark Smith recently acquired 20,000 shares of company stock.

Shares of Nokia (NYSE: NOK) continued climbing on strong Lumia sales.

On the downside

KIT digital (Nasdaq: KITD) must restate quarterly as well as annual financial reports from 2009 to the present due to accounting irregularities.

Zale (NYSE: ZLC) extended its losses from Wednesday when the jewelry retailer posted a loss for the first quarter that was wider than expected.

Facebook (Nasdaq: FB) will end its voting system which allowed users to vote on privacy changes implemented by the social networking giant.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 802.

U. S. Markets Closed

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U. S. Markets are closed in observance of the Thanksgiving holiday.

Higher Close On Upbeat Data

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Upbeat economic data lifted the markets to a higher with the Dow climbing 48 points to 12,836 ahead of the Thanksgiving holiday. Nasdaq gained 9 points to 2926.

On the upside

Shares of Groupon (Nasdaq: GRPN) continued climbing after Tiger Global Management disclosed yesterday that it acquired a 9.9% stake in the online daily deals company.

MBIA (NYSE: MBI) extended its gains after recommending to note holders yesterday to reject Bank of America's (NYSE: BAC) tender offer.

IDG-Accel China Growth Fund made an unsolicited offer to acquire MEMSIC (Nasdaq: MEMS) for a premium of $4.00 per share in cash.

On the downside

A Seeking Alpha contributor questioned the integrity of Cleantech Solutions' (Nasdaq: CLNT) financial reports and press releases.

Electrobas (NYSE: EBR) stock continued falling over concerns that rate cuts will hurt profits.

Chemical & Mining  (NYSE: SQM) reported higher third quarter earnings and revenue but the stock price dropped.

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 4 points to 798.

The markets advanced during the midday with the Dow gaining 45 points to 12,834 as manufacturing activity climbed in November. Nasdaq rose 7 points to 2923.

On the upside

Health insurer Aetna (NYSE: AET) will cover Vivus' (Nasdaq: VVUS) obesity treatment Qsymia.

The American College of Obstetricians and Gynecologists Committee on Genetics and the Socity for Maternal-Fetal Medicine Publications Committee jointly recommended Sequenom's (Nasdaq: SQNM) cell-free fetal DNA test for fetal aneuploidy.

China Digital TV (NYSE: STV) fell to a loss for the third quarter due to an impairment charge but the stock price rose.

On the downside

Scholastic (Nasdaq: SCHL) slashed its full year earnings and revenue guidance.

Third quarter earnings fell for Tilly's (NYSE: TLYS).

Fitch Ratings downgraded Best Buy's (NYSE: BBY) credit rating to BB- with a negative outlook.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 795.

Drop In Jobless Claims Lifts Markets

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A drop in first time applications for unemployment benefits lifted the markets to a modestly higher open with the Dow rising 25 points to 12,813. Nasdaq held steady at 2916.

On the upside

Reports of strong sales of Nokia's (NYSE: NOK) Lumia 920 lifted shares of the beleaguered mobile device maker.

A Seeking Alpha contributor recommended Sarepta Therapeutics (Nasdaq: SRPT) as a biopharmaceutical catalyst trade.

Salesforce.com (NYSE: CRM) widened third quarter losses but the results were better than expected as revenue soared.

On the downside

Zale (NYSE: ZLC) reported a larger than expected loss for the first quarter.

Fourth quarter earnings for Deere & Co. (NYSE: DE) fell far short of analyst expectations.

The Food and Drug Administration reported serious lapses in the testing and manufacture of a component in St. Jude Medical's (NYSE: STJ) heart device Durata.

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 a margin of nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 793.

Flat Close Over France's Downgrade

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The markets closed flat with the Dow slipping 7 points to 12,788 despite a downgrade of France's credit rating as new home construction soared. Nasdaq edged up a point to 2916.

On the upside

School Specialty (Nasdaq: SCHS) reported higher second quarter earnings despite lower revenue.

The Food and Drug Administration approved HeartWare International's (Nasdaq: HTWR) battery-powered Ventricular Assist System for implanting into heart failure patients.

Dycom Industries (NYSE: DY) will pay approximately $275 million in cash to acquire Quanta Services' telecommunications subsidiaries.

On the downside

A Seeking Alpha contributor recommended selling Arch Coal (NYSE: ACI).

Trina Solar (NYSE: TSL) widened third quarter losses more than expected as revenue tumbled.

Bayer abandoned its efforts to acquire Schiff Nutrition (NYSE: SHF) after Reckitt made a higher offer for the nutritional supplement company.

In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE while decliners edged out advancers by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 793.

The markets trimmed earlier losses to trade flat during the midday with the Dow slipping 8 points to 12,787 as new home construction climbed to the highest level in four years. Nasdaq edged up a point to 2916.

On the upside

DSW (NYSE: DSW) reported higher third quarter earnings and revenue that beat analyst expectations.

Motley Fool listed Molycorp (NYSE: MCP) as one of five stocks under $10 that was worth buying.

Construction of new homes rose in October at the fastest pace in four years to lift shares of Hovnanian Enterprises (NYSE: HOV).

On the downside

Patterson Companies (Nasdaq: PDCO) disappointed with second quarter earnings and revenue that fell short of analyst expectations.

Intel (Nasdaq: INTC) chief executive Paul Otellini will retire in May 2013.

Western Union (NYSE: WU) announced new lower fees to transfer money from the United States to Mexico and most of Latin America.

In the broad market, declining issues were on par with advancers on the NYSE while decliners edged out advancers by a margin of 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 792.

The markets opened lower with the Dow losing 22 points to 12,773 on disappointing earnings news. Nasdaq eased a point to 2914.

On the upside

Tiger Global Management acquired a 9.9% stake in Groupon (Nasdaq: GRPN).

Green Mountain Coffee Roasters (Nasdaq: GMCR) appointed Brian Kelley, chief product supply officer for Coca Cola Refreshments (NYSE: KO), to the position of president and chief executive.

Krispy Kreme Doughnuts (NYSE: KKD) reported higher third quarter earnings and revenue that topped analyst expectations and the company lifted its full year guidance.

On the downside

Hewlett-Packard (NYSE: HPQ) fell to a loss for the third quarter due to an $8.8 billion charge for accounting improprieties at Autonomy Corp. which HP acquired last year.

Best Buy (NYSE: BBY) blamed restructuring charges for falling to a loss for the third quarter.

Goldman Sachs downgraded Cliffs Natural Resources (NYSE: CLF) to a Sell rating.

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

Rising optimism that the fiscal cliff will be avoided sent the markets surging to a sharply higher close with the Dow rocketing 207 points to 12,795. Nasdaq leaped 62 points to 2916.

On the upside

Investors expect Acadia Pharmaceuticals (Nasdaq: ACAD) to report upbeat results from a Phase III clinical trial of its Parkinson's disease psychosis treatment at the end of the month.

The Food and Drug Administration expanded approval of Ligand Pharmaceuticals' (Nasdaq: LGND) and GlaxoSmithKline's (NYSE: GSK) Promacta to treat chronic hepatitis C patients with low blood platelet counts.

3D Systems (NYSE: DDD) affirmed all its public disclosures and filings in a conference call this morning.

On the downside

Assurant (NYSE: AIZ) named Larry N. Port to the position of senior vice president, corporate development.

Shares of Safe Bulkers (NYSE: SB) continued falling after reporting lower third quarter margins last week.

Facebook (Nasdaq: FB) clarified that it was not in engaged in discussions to form a new search partnership with Yahoo (Nasdaq: YHOO).

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 15 points to 791.

Fiscal Cliff Optimism Boosts Markets

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Optimism that lawmakers will reach a deal to avoid the fiscal cliff sent the markers soaring during the midday with the Dow leaping 166 points to 12,754. Nasdaq surged 50 points to 2903.

On the upside

Raymond James analyst Patrick O'Shaughnessy upgraded BGC Partners (Nasdaq: BGCP) to a Strong Buy rating.

Fourth quarter earnings nearly doubled for Tyson Foods (NYSE: TSN) to surpass analyst expectations.

MEMC Electronic Materials (NYSE: WFR) director Steven Vincent Tesoriere acquired approximately $7.4 million worth of company stock over the past six months.

On the downside

Investors locked in profits on Acacia Research (Nasdaq: ACTG) whose stock price rose last week after announcing a $100 million stock repurchase plan.

Cliffs Natural Resources (NYSE: CLF) will idle production at two iron ore operations and delay parts of its expansion plans at its Bloom Lake Mine in Quebec.

Shares of Yingli Green Energy (NYSE: YGE) continued falling after warning of lower shipments in the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 13 points to 789.

Rising Home Sales Lift Markets

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Existing home sales climbed more than expected last month to lift the markets to a sharply higher open with the Dow surging 152 points to 12,741. Nasdaq jumped 40 points to 2893.

On the upside

Lowe's (NYSE: LOW) reported sharply higher third quarter earnings that topped analyst estimates and lifted its full year guidance.

China Business News reported that Alibaba Group will acquire a 15% to 20% stake in Sina's (Nasdaq: SINA) Weibo microblogging site.

Wright Medical Group (Nasdaq: WMGI) will pay approximately $190 million in cash and stock to acquire BioMimetic Therapeutics (Nasdaq: BMTI).

On the downside

Global Hunter Securities downgraded DryShips (Nasdaq: DRYS) on Friday to a Neutral rating.

Jefferies downgraded Diamond Foods (Nasdaq: DMND) to an Underperform rating.

Wells Fargo downgraded K12 (NYSE: LRN) from Outperform to Market Perform.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 1 on the NYSE and by 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 11 points to 787.

Hope that a deal will be reached to avoid the fiscal cliff lifted the markets to a higher close with the Dow rising 45 points to 12,588. Nasdaq gained 16 points to 2853.

On the upside

Oppenheimer upgraded OSI Systems (Nasdaq: OSIS) to an Outperform rating.

Reckitt Benckiser Group offered a premium of approximately $1.4 billion to acquire Schiff Nutrition International (Nasdaq: SHF), which has already received a $1.2 billion bid from Bayer.

Rumors that Brookdale Senior Living (NYSE: BKD) may convert into a real estate investment trust lifted shares of the retirement facilities operator.

On the downside

Velti (Nasdaq: VELT) extended its losses after posting a third quarter loss after market close on Wednesday.

Shares of Ruckus Wireless (NYSE: RKUS) tumbled in its market debut.

Dole (NYSE: DOLE) disappointed with an expected loss for the third quarter.

In the broad market, advancing issues outpaced decliners by a margin by nearly 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 776.
Positive comments from Republican lawmakers about fiscal cliff discussions with President Barack Obama lifted the markets higher during the midday with the Dow adding 18 points to 12,560. Nasdaq rose 10 points to 2847.

On the upside

Macquarie upgraded Quicksilver Resources (NYSE: KWK) from an Underperform rating to Neutral.

Flower Foods (NYSE: FLO) declared a quarterly dividend of 16 cents per share payable on December 14, 2012 to shareholders of record November 30, 2012.

Getco acquired a 23.8% stake in Knight Capital Group (NYSE: KCG) and may consider purchasing additional shares.
 
On the downside

Investors locked in profits on Recon Technology (Nasdaq: RCON) whose stock price soared yesterday on sharply higher first quarter revenue.

The Minneapolis/St. Paul Business Journal reported that Best Buy (NYSE: BBY) will pay new chief financial officer Sharon McCollam $4.5 million in cash and stock.

Yingi Green Energy (NYSE: YGE) warned of lower shipments in the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks aded 3 points to 773.
The markets opened lower with the Dow losing 26 points to 12,516 as fiscal cliff discussions begin today. Nasdaq fell 9 points to 2827.

On the upside

Penn National (Nasdaq: PENN) announced plans to separate into two publicly traded companies.

OfficeMax (NYSE: OMX) announced Black Friday deals beginning online on Thanksgiving morning and at stores on Black Friday.

Swisher Hygiene (Nasdaq: SWSH) sold its Choice Environmental Services subsidiary to Waste Services of Florida for approximately $123.3 million in cash.
 
On the downside

A Food and Drug Administration advisory panel said that Dynavax Technologies (Nasdaq: DVAX) has failed to demonstrate that its hepatitis B vaccine Heplisav was safe.

Sina (Nasdaq: SINA) reversed year ago losses for the third quarter but the company forecast current quarter revenue well below expectations.

Sears Holding (Nasdaq: SHLD) widened third quarter losses as revenue dropped.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 764.
The markets recovered earlier losses but closed lower with the Dow slipping 28 points to 12,542 as Israeli airstrikes in Gaza continued. Nasdaq lost 9 points to 2836.

On the upside

ServiceNow (NYSE: NOW) priced its follow on public offering of 14 million common shares at the discounted price of $28.00 per share and announced an extended lock-up period of 90 days on shares that are still held by the selling stockholders.

BFC Financial will pay a premium of approximately $150 million in cash to acquire Bluegreen (NYSE: BXG).

Helmerich & Payne (NYSE: HP) reported higher fourth quarter earnings and revenue that beat analyst expectations.
 
On the downside

DryShips (Nasdaq: DRYS) fell to a loss for the third quarter as shipping rates dropped.

Dun & Bradstreet (NYSE: DNB) will not be selling itself.

The Children's Place (Nasdaq: PLCE) reported higher third quarter earnings but the retailer disappointing current quarter results and cut its full year  guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 769.
The Eurozone fell back into a recession in the third quarter to weigh the markets down during the midday with the Dow losing 51 points to 12,519. Nasdaq slipped 14 points to 2831.

On the upside

Recon Technology (Nasdaq: RCON) narrowed first quarter losses as revenue surged.

Shares of China Auto Logistics (NYSE: CALI) continued climbing after reporting sharply higher third quarter revenue yesterday.

AcelRx Pharmaceuticals (Nasdaq: ACRX) reported positive results from a Phase 3 trial of its investigational sublingual Sufentanil NanoTab PCA System.
 
On the downside

Tranzyme (Nasdaq: TZYM) reported that its stomach paralysis treatment TZP-102 failed a midstage clinical trial.

Safe Bulkers (NYSE: SB) reported higher third quarter earnings and revenue but the drybulk transportations services provider cut its quarterly dividend.

Representative Mike Rogers said that OSI Systems (Nasdaq: OSIS) may have falsified test data for its passenger scanning machines.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 765.

Flat Open As Consumer Prices Edge Up

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The markets opened flat with the Dow edging up a point to 12,572 while Nasdaq eased a point to 2845 as October consumer prices rose modestly on higher food prices.

On the upside

Second quarter earnings fell for NetApp (Nasdaq: NTAP) but the results topped analyst estimates and the company announced plans to repurchase up to $1.5 billion worth of stock.

E-Commerce China Dangdang (NYSE: DANG) widened third quarter losses but the results were better than expected as revenue climbed.

Cameron (NYSE: CAM) formed a joint venture with Schlumberger (NYSE: SLB) to manufacture and develop subsea oil production products and systems.
 
On the downside

Velti (Nasdaq: VELT) fell to a larger than expected loss for the third quarter.

Wal-Mart (NYSE: WMT) reported higher third quarter earnings but the results fell short of expectations and the discount retailer forecast current quarter earnings below estimates.

AK Steel (NYSE: AKS) priced its public offering of 22 million shares of common stock at the discounted price of $4.00 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 773.
Israeli airstrikes in Gaza reignited concerns of Middle East strife sending the markets tumbling to a sharply lower close with the Dow plummeting 185 points to 12,570. Nasdaq plunged 37 points to 2846.

On the upside

Starbucks (Nasdaq: SBUX) will pay approximately $620 million in cash to acquire Teavana (NYSE: TEA).

Third quarter revenue surged for China Auto Logistics (Nasdaq: CALI).

Billionaire investor Carl Icahn acquired a 9.99% stake in Greenbrier (NYSE: GBX).
 
On the downside

Shares of Trina Solar (NYSE: TSL) continued falling after cutting its third quarter shipment outlook on Monday.

Profit taking sank shares of Energy Solutions (NYSE: ES) whose stock price rose last week after posting higher third quarter earnings and revenue that beat analyst expectations.

Envivio (Nasdaq: ENVI) blamed global economic challenges for slashing its third quarter revenue guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 15 points to 773.
The markets extended its losses during the midday with the Dow losing 67 points to 12,688 as President Barack Obama met with chief executive officers of the nation's largest companies to discuss the fiscal cliff. Nasdaq fell 10 points to 2873.

On the upside

Upbeat quarterly results from Abercrombie & Fitch (NYSE: ANF) lifted shares of rival Aeropostale (NYSE: ARO).

Bargain hunters lifted shares of MBIA (NYSE: MBI).

ZaZa Energy (Nasdaq: ZAZA) will sell its French assets to Vermilion Energy for approximately $85.8 million.
 
On the downside

Standard & Poor's Ratings downgraded Goodrich Petroleum's (NYSE: GDP) corporate credit rating to a B- rating from B citing lower oil production.

AK Steel (NYSE: AKS) continued falling after warning yesterday that fourth quarter losses would be greater than expected.

Analysts questioned results from a late stage clinical trial of the opiod constipation treatment naloxegol that was jointly developed by Nektar Therapeutics (Nasdaq: NKTR) and AstraZeneca (NYSE: AZN).

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 780.
Superstorm Sandy depressed October retail sales to weigh the markets down to a lower open with the Dow falling 58 points to 12,697. Nasdaq lost 8 points to 2875.

On the upside

Abercrombie & Fitch (NYSE: ANF) reported higher third quarter earnings that beat analyst expectations by a wide margin and forecast full year earnings well ahead of estimates.

The lock-up period for approximately 852 million Facebook (Nasdaq: FB) shares expires today.

Cisco Systems (Nasdaq: CSCO) reported higher first quarter revenue and earnings that topped analyst estimates.
 
On the downside

Iamgold (NYSE: IAG) reported higher third quarter earnings but the results fell short of expectations.

A Seeking Alpha contributor wrote that Sony (NYSE: SNE) will continue to face strong competition and suffer from falling sales.

Advanced Micro Devices (NYSE: AMD) denied rumors that it was selling itself.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 785.
Fiscal cliff concerns weighed the markets down to a lower close with the Dow losing 58 points to 12,756. Nasdaq dropped 20 points to 2883.

On the upside

The Food and Drug Administration released briefing papers on Dynavax Technologies' (Nasdaq: DVAX) hepatitis B treatment Heplisav ahead of an advisory meeting on Thursday.

Reuters reported that Advanced Micro Devices (NYSE: AMD) retained the services of JPMorgan Chase to explore strategic options but the chipmaker denied that it would sell the company.

ZaZa Energy (Nasdaq: ZAZA) reversed year ago losses to post a profit for the third quarter as revenue surged.
 
On the downside

To prevent MBIA (NYSE: MBI) from jeopardizing policyholder claims, Bank of America (NYSE: BAC) offered to purchase outstanding senior notes from the mortgage insurer.

Street-Wire issued a report saying that continued global economic challenges have negatively impacted alcohol sales to weigh down shares of Central European Distribution (Nasdaq: CEDC).

Shares of Abraxa Petroleum (Nasdaq: AXAS) continued falling after reporting a loss for the third quarter last week.

In the broad market, declining 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 lost 4 points to 789.

Upbeat Earnings Lifts Markets

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The markets advanced during the midday with the Dow gaining 53 points to 12,868 on upbeat earnings news. Nasdaq added 2 points to 2906.

On the upside

Clean Energy Fuels (Nasdaq: CLNE) will buy two General Electric (NYSE: GE) MicroLNG plants to liquify natural gas for fueling stations.

Bargain hunters snapped up shares of Halcon Resources (NYSE: HK) whose stock price fell last week after posting a loss for the third quarter.

Dick's Sporting Goods (NYSE: DKS) reported higher third quarter earnings that topped analyst estimates.
 
On the downside

Hi-Crush Partners (NYSE: HCLP) filed suit against Baker Hughes (NYSE: BHI) for wrongful termination of a supply agreement.

AECOM (NYSE: ACM) blamed an impairment charge for falling to a larger than expected loss for the fourth quarter.

Jaguar Mining (NYSE: JAG) reported a loss for the third quarter as sales plunged.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 795.
The markets opened mixed with the Dow rising 28 points to 12,843 while Nasdaq lost 8 points to 2895 after crucial bailout funds for Greece was delayed for at least a week.

On the upside

Michael Kors (NYSE: KORS) reported sharply higher second quarter earnings and revenue that surpassed analyst expectations and lifted its full year earnings outlook.

Third quarter revenue and earnings rose for Home Depot (NYSE: HD) to top analyst estimates.

Galena Biopharma (Nasdaq: GALE) reported a smaller than expected loss for the third quarter.
 
On the downside

Weatherford International (NYSE: WFT) reported lower third quarter earnings and forecast fourth quarter earnings below expectations.

Tronox (NYSE: TROX) fell to a loss for the third quarter even as revenue rose.

AK Steel (NYSE: AKS) warned that losses for the fourth quarter will widen more than expected.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 793.

Flat Close Over Economic Concerns

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Global economic concerns weighed the markets down to a flat close the Dow holding steady at 12,815. Nasdaq held steady at 2904.

On the upside

Sarepta Therapeutics (NYSE: SRPT) reported upbeat results from a Phase II clinical trial of its Duchenne muscular dystrophy treatment eteplirsen at the Action Duchenne meeting.

China Digital TV (NYSE: STV) declared a special cash dividend of $2.30 per share payable in two installments on December 3, 2012 and February 4, 2013 to shareholders of record November 26, 2012.

Sherwin-Williams (NYSE: SHW) will pay approximately $2.34 billion in cash to acquire privately held Consorcio Comex.
 
On the downside

Jefferies downgraded Nektar Therapeutics (Nasdaq: NKTR) to a Hold rating.

Gilead's (Nasdaq: GILD) upbeat trial results for its hepatitis C treatment weighed down share of Achillion (Nasdaq: ACHN), which is developing its own hepatitis C drug.

Morgan Stanley downgraded Inteliquent (NYSE: IQNT) to an Underweight rating.

In the broad market, declining issues outpaced advancers by a margin of more than 19 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 793.
The Greek parliament approved the nation's austerity budget for 2013 over the weekend which will move the country closer to gaining access to vital bailout funds. The markets advanced during the midday with the Dow rising 44 points to 12,859. Nasdaq gained 13 points to 2917.

On the upside

Jefferies Group's (NYSE: JEF) largest shareholder Leucadia National (NYSE: LUK) will acquire the investment bank in a deal valued at approximately $2.8 billion.

Celgene (Nasdaq: CELG) reported positive results from a Phase III trial of its pancreatic cancer treatment Abraxane.

Annaly Capital Management (NYSE: NLY) offered approximately $839 million to acquire the remaining shares of CreXus Investment (NYSE: CXS) that it does not already own.
 
On the downside

PropThink wrote that the management team at Galena Biopharma (Nasdaq: GALE) was incompetent and that the biotechnology company reported inaccurate clinical trial results.

Beazer Homes (NYSE: BZH) widened fourth quarter losses more than expected even as revenue climbed.

Credit Suisse downgraded J.C. Penney (NYSE: JCP) to an Underperform rating after the department store operator reported wider than expected third quarter losses on Friday.

In the broad market, advancing issues were on par with decliners on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 795.
It was a flat open for the markets with the Dow edging up a point to 12,816 while Nasdaq added 3 points to 2908 on news that the Japanese economy contracted by 3.5% last quarter.

On the upside

Precision Castparts will acquire Titanium Metals (NYSE: TIE) in an all cash deal valued at approximately $2.9  billion.

Myrexis (Nasdaq: MYRX) will liquidate its assets and distribute between $2.72 to $2.91 per share to shareholders.

Gilead (Nasdaq: GILD) reported impressive results from a mid-stage trial using a combination of sofosbuvir, ribavirin and GS-5885 to treat hepatitis C.
 
On the downside

Clovis Oncology (Nasdaq: CLVS) halted development of its pancreatic cancer treatment CO-101 after disappointing late stage results.

Star Scientific (Nasdaq: STSI) warned that it will run out of cash by the first quarter of 2013 and reported that it received only $5 million from a patent infringement suit against R. J. Reynolds (NYSE: RAI).

Molycorp (NYSE: MCP) continued falling after announcing on Friday that the Securities and Exchange Commission has been investigating the rare earth metals company for inaccurate disclosures.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 796.
The markets closed flat with the Dow adding 4 points to 12,815 as concerns about the fiscal cliff persisted. Nasdaq rose 9 points to 2904.

On the upside

Cowen upgraded Isis Pharmaceuticals (Nasdaq: ISIS) to an Outperform rating from Neutral.

Energizer Holdings (NYSE: ENR) reported sharply higher fourth quarter earnings and announced restructuring plans that include the elimination of approximately 1,500 positions.

DG (Nasdaq: DGIT) widened third quarter losses due to a significant goodwill impairment charge but revenue rose.
 
On the downside

Roundy's (NYSE: RNDY) blamed the struggling economy for sharply lower third quarter earnings.

Prospect Global Resources (NYSE: PGRX) priced its public offering of 15 million common shares at the discounted price of $1.75 per share.

Array BioPharma (Nasdaq: ARRY) priced its public offering of 18 million common shares at the discounted price of $3.65 per share.

In the broad market, declining issues barely edged out advancers by a slim margin of nearly 10 to 9 the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 795.
The markets traded modestly higher during the midday with the Dow rising 17 points to 12,828 as wholesale inventories climbed more than expected in September. Nasdaq gained 19 points to 2915.

On the upside

Sequenom (Nasdaq: SQNM) widened losses for the third quarter but revenue soared and sales of its Down syndrome test is expected to exceed expectations.

Zipcar (Nasdaq: ZIP) reported higher third quarter earnings and revenue that surpassed analyst expectations.

Lions Gate Entertainment (NYSE: LGF) swung to a profit for the second quarter that exceeded expectations by a wide margin as revenue nearly doubled.
 
On the downside

Walt Disney (NYSE: DIS) reported higher fourth quarter earnings and revenue but the entertainment company warned of lower advertising revenue at ESPN in the current quarter.

The Securities and Exchange Commission launched an investigation into the accuracy of Molycorp's (NYSE: MCP) disclosures.

Enerplus (NYSE: ERF) fell to a loss for the third quarter and warned of slowing growth in 2013.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 796.
November consumer sentiment climbed more than expected to a five year high to lift the markets to a higher open with the Dow adding 16 points to 12,827 after two days of sharp sell-offs. Nasdaq rose 15 points to 2910.

On the upside

International Game Technology (NYSE: IGT) reported sharply higher fourth quarter earnings and revenue that surpassed analyst expectations.

Molycorp (Nasdaq: MCP) fell to a loss for the third quarter but the results were better than expected.

Priceline (Nasdaq: PCLN) will pay approximately $1.8 billion in cash and stock to acquire Kayak Software (Nasdaq: KYAK).
 
On the downside

Groupon (Nasdaq: GRPN) narrowed third quarter losses as revenue surged but the results fell short of expectations.

Shares of SandRidge Energy (NYSE: SD) continued falling after shareholder TPG-Axon Capital Management called for the replacement of chief executive Tom Ward yesterday and recommended that the company sell itself.

J.C. Penney (NYSE: JCP) disappointed with a wider than expected loss for the third quarter as revenue plunged.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 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 793.
Fiscal cliff concerns continued to plague investors to send the markets tumbling to a sharply lower close with the Dow plunging 121 points to 12,811. Nasdaq plummeted 41 points to 2895.

On the upside

InterMune (Nasdaq: ITMN) widened third quarter losses but the results were better than expected.

SandRidge Energy (Nasdaq: SAPE) reported higher third quarter earnings that beat analyst estimates as revenue climbed.

Cal Dive International (NYSE: DVR) narrowed third quarter losses as revenue rose.
 
On the downside

Savient Pharmaceuticals (Nasdaq: SVNT) widened losses more than expected for the third quarter.

Orient-Express Hotels (NYSE: OEH) rejected an acquisition offer from The Indian Hotels Company and named John M. Scott III as president and chief executive officer.

Teekay Tankers (NYSE: TNK) fell to a greater than expected loss for the third quarter as revenue dropped.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 10 points to 793.
Post-election selling resumed as investors worried about the "fiscal cliff".  The Dow lost 36 points to 12,895 while Nasdaq dropped a steeper 14 points to 2923.

On the upside

EnergySolutions (NYSE: ES) posted earnings that met expectations while beating revenue targets.   The provider of specialized, technology-based nuclear services also reaffirmed its profit outlook for 2012.

EZchip Semiconductor (Nasdaq:EZCH) announced a large customer order in the 3rd quarter that lifted its top line revenue numbers.

Salix Pharmaceuticals (Nasdaq: SLXP) met revenue estimates while eclipsing consensus estimates for earnings.
 
On the downside

OraSure Technologies (Nasdaq: OSUR) posted higher revenues and earnings, but its outlook for the 4th quarter disappointed.  The company sells oral diagnostic kits for HIV.

Concho Resources (NYSE: CKO) reported lower than expected earnings and revenues even though oil production reached record levels in the 3rd quarter.

Shares of Genomic Health (Nasdaq: GHDX) fell after posting higher quarterly earnings, but the medical diagnostic company missed revenue expectations.

In the broad market, declining issues outnumbered advancers by a 3 to 2 margin on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 800.
First time applications for unemployment benefits fell last week but the markets opened lower with the Dow slipping 18 points to 12,913. Nasdaq lost 4 points to 2932.

On the upside

Sun Pharmaceutical Industries will pay a premium of $8 per share in cash to acquire Dusa Pharmaceuticals (Nasdaq: DUSA) .

SandRidge Energy (NYSE: SD) shareholder TPG-Axon Capital Management asked the board of directors to fire chief executive Tom Ward and sell the company.

benzinga.com reported that Whiting Petroleum (NYSE: WLL) received an acquisition offer from Statoil.
 
On the downside

Catalyst Pharmaceutical Partners (Nasdaq: CPRX) reported disappointing results from a Phase II(b) clinical trial of its cocaine addiction treatment CPP-109.

BioCryst (Nasdaq: BCRX) terminated a Phase 3 trial of its serious influenza treatment peramivir.

Universal Panel (Nasdaq: PANL) fell to an unexpected loss for the third quarter as revenue plunged.

In the broad market, advancing issues barely edged out decliners by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 804.

Fiscal Cliff Fears Sink Stocks

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Fears that the fiscal cliff could send the economy back into a recession sent the markets plummeting to a sharply lower close with the Dow crashing 312 points to 12,932. Nasdaq descended 74 points to 2943.

On the upside

Firearm sales are expected to rise in the aftermath of the election over concerns that President Obama will tighten gun control laws in his second term.  Shares of Smith & Wesson (Nasdaq: SWHC) and Sturm, Ruger & Co. (NYSE: RGR) climbed.

The re-election of President Obama lifted shares of Tenet Healthcare (NYSE: THC), Universal Health Services (NYSE: UHS) and WellCare Health Plans (NYSE: WCG) as implementation of the Affordable Care Act became more certain.

BMO Capital Markets upgraded Coeur d'Alene Mines (NYSE: CDE) to an Outperform rating.
 
On the downside

Rubicon Technology (Nasdaq: RBCN) reported sharply lower third quarter earnings and forecast fourth quarter results below analyst expectations.

Scientific Games (Nasdaq: SGMS) widened third quarter losses even as revenue rose.

Higher One (NYSE: ONE) disappointed with lower third quarter earnings that missed expectations and lowered its full year guidance prompting a downgrade.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 21 points to 804.
Concerns that lawmakers will fail to address the fiscal cliff sent the markets into a tailspin during the midday with the Dow collapsing 272 points to 12,973. Nasdaq plummeted 67 points to 2943.

On the upside

Star Tribune reported that Best Buy (NYSE: BBY) founder Richard Shulze would most likely make a formal offer to acquire the electronics retailer next week.

Time Warner (NYSE: TWX) reported higher third quarter earnings that topped analyst expectations even as revenue slipped.

Amyris (Nasdaq: AMRS) narrowed third quarter losses more than expected as expenses dropped.
 
On the downside

Third quarter earnings and revenue rose for Quality Distribution (Nasdaq: QLTY) but the results fell short of analyst expectations.

Juniper Networks (NYSE: JNPR) will no longer contract with Plexus (Nasdaq: PLXS) to provide manufacturing services.

STEC (Nasdaq: STEC) fell to a loss for the third quarter as revenue tumbled and the company forecast current quarter results below expectations.

In the broad market, declining issues outpaced advancers by a margin of 6 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 20 points to 805.

Economic Concerns Sink Stocks

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The markets tumbled to open sharply lower with the Dow plummeting 231 points to 13,014 as the looming fiscal cliff along with continued European debt problems weighed on investors. Nasdaq sank 55 points to 2956.

On the upside

Shares of healthcare services providers Community Health Systems (NYSE: CYH), HCA Holdings (NYSE: HCA) and Health Management Associates (NYSE: HMA) all rose as President Barak Obama's reelection ensured implementation of the Affordable Care Act.

AT&T's (NYSE: T) three-year, $14 billion plan to expand its wireline and wireless networks lifted shares of Ciena (Nasdaq: CIEN) and JDS Uniphase (Nasdaq: JDSU).

HMS Holdings (Nasdaq: HMSY) will present at the 2012 Credit Suisse Healthcare Conference on Wednesday, November 14, Piper Jaffray 24th Annual Healthcare Conference on Tuesday, November 27 and Oppenheimer 23rd Annual Healthcare Conference on Wednesday, December 12.
 
On the downside

Concerns of stricter environmental regulations under President Barak Obama weighed down shares of Arch Coal (NYSE: ACI), Alpha Natural Resources (NYSE: ANR) and James River Coal (Nasdaq: JRCC).

NII Holdings (Nasdaq: NIHD) widened third quarter losses more than expected.

LivePerson (Nasdaq: LPSN) disappointed with lower third quarter earnings and forecast current quarter results below expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 809.

Markets Rally On Election Day

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The markets rallied to close sharply higher with the Dow soaring 133 points to 13,245 on election day. Nasdaq gained 12 points to 3011.

On the upside

Myriad Genetics (Nasdaq: MYGN) reported higher first quarter earnings that topped analyst expectations.

Third quarter earnings rose for Weight Watchers International (NYSE: WTW) to surpass analyst estimates.

OfficeMax (NYSE: OMX) reported sharply higher third quarter earnings that beat expectations.
 
On the downside

THQ (Nasdaq: THQI) narrowed second quarter losses but the video game developer postponed the release of three new titles.

Responsys (Nasdaq: MKTG) reported higher third quarter earnings but the results fell short of analyst expectations and the company forecast current quarter results below estimates.

Hecla Mining (NYSE: HL) fell to a loss for the third quarter.

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 6 points to 825.

Markets Advance On Election Day

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The markets advanced during the midday with the Dow leaping 167 points to 13,279 as citizens cast their votes for the next president of the United States. Nasdaq gained 17 points to 3017.

On the upside

AOL (NYSE: AOL) swung to a better than expected profit for the third quarter.

Computer Sciences (NYSE: CSC) reversed year ago losses to post profit for the second quarter that surpassed analyst expectations by a wide margin.

Acadia Pharmaceuticals (Nasdaq: ACAD) narrowed third quarter losses as revenue surged.
 
On the downside

Vivus (Nasdaq: VVUS) widened third quarter losses more than expected as expenses climbed.

Coeur d'Alene Mines (NYSE: CDE) blamed lower silver prices for falling to a greater than expected loss for the third quarter.

Quicksilver Resources (NYSE: KWK) fell to a larger than expected loss for the third quarter.

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

Higher Open On Election Day

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The markets opened higher on election day with the Dow climbing 75 points to 13,188. Nasdaq edged up a fraction to 3000.

On the upside

Jive Software (Nasdaq: JIVE) reported higher revenue and a smaller than expected loss for the third quarter.

The New York State Department of Health granted final approval for Rosetta Genomics' (Nasdaq: ROSG) miRview lung cancer identification diagnostic.

Office Depot (NYSE: ODP) fell to a third quarter loss but the results were better than expected.
 
On the downside

ServiceSource International (Nasdaq: SREV) widened third quarter losses, forecast a loss for the current quarter and lowered its full year revenue guidance.

Express Scripts Holding (Nasdaq: ESRX) reported higher third quarter earnings but warned of weakness in 2013.

Zillow (Nasdaq: Z) swung to a profit for the third quarter but the company forecast current quarter revenue below expectations.

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 added 4 points to 823.
The markets recovered to close modestly higher with the Dow rising 19 points to 13,112 ahead of the presidential election tomorrow. Nasdaq gained 17 points to 2999.

On the upside

Generator maker Generac Holdings (NYSE: GNRC) continued soaring on strong Hurricane Sandy sales.

Bruker (Nasdaq: BRKR) impressed with third quarter earnings that doubled to surpass analyst expectations by wide margin as revenue rose.

Standard & Poor's ugraded Hovanian Enterprises (NYSE: HOV) corporate credit rating to CCC+ from CCC-.
 
On the downside

Shares of Nationstar Mortgage Holdings (NYSE: NSM) fell after MetLife (NYSE: MET) announced on Friday that JPMorgan (NYSE: JPM) would buy its mortgage servicing portfolio.

Third quarter earnings plunged for Entergy (NYSE: ETR) to fall short of expectations as revenue dropped.

Pall (NYSE: PLL) warned of lower first quarter revenue.

In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE and by a margin of 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 819.

Mixed Markets At Midday

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The markets traded mixed during the midday with the Dow slipping 15 points to 13,077 ahead of tomorrow's presidential election. Nasdaq added 4 points to 2986.

On the upside

Third quarter earnings surged for Nam Tai Electronics (NYSE: NTE) as revenue more than doubled.

Oyu Tolgoi, which is majority owned by Turquoise Hill Resources (NYSE: TRQ), signed a binding power purchase agreement with the Inner Mongolia Power Corporation.

Health Net (NYSE: HNT) reported lower third quarter earnings but revenue rose and California extended four of its existing Medi-Cal contracts with the managed health care services provider.
 
On the downside

Bloomberg reported that the Securities and Exchange Commission was investigating Ebix (Nasdaq: EBIX) for the insurance software firm's accounting practices.

Endo Health Solutions (Nasdaq: ENDP) reported higher third quarter earnings but the results fell short of expectations and the company cut its full year guidance.

Shares of Ocwen Financial (NYSE: OCN) continued falling after reported third quarter earnings last week that fell short of expectations.

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 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 817.
The markets opened mixed with the Dow slipping 34 points to 13,058 as growth in the nation's service sector slowed last month. Nasdaq held steady at 2982.

On the upside

BioMarin Pharmaceutical (Nasdaq: BMRN) reported positive results from a Phase III clinical trial of its genetic disorder treatment MOR-004.

Metropolitan Health Networks (NYSE: MDF) will be acquired by Humana (NYSE: HUM) in a deal valued at approximately $850 million.

Strategic Hotels & Resorts (NYSE: BEE) announced the immediate resignation of president and chief executive officer Laurence S. Geller prompting an upgrade.
 
On the downside

Pharmacyclics (Nasdaq: PCYC) reversed year ago losses to post a profit for the first quarter but the results fell short of analyst expectations.

Investors locked in profits on Radian Group (NYSE: RDN), which posted its first quarterly profit in 2012 last week.

Time Warner Cable (NYSE: TWC) reported higher third quarter earnings but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 813.

Lower Close Ahead Of Election

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The markets closed lower with the Dow plummeting 139 points to 13,093 despite upbeat jobs data as the upcoming election next week weighed on investors. Nasdaq plunged 37 points to 2982.

On the upside

Big 5 Sporting Goods (Nasdaq: BGFV) reported higher third quarter earnings and revenue that beat analyst expectations.

Shares of Southcross Energy (NYSE: SXE) soared on its first trading day.

Third quarter earnings surged for Cooper Tire & Rubber (NYSE: CTB) to surpass analyst expectations by a wide margin as expenses dropped.
 
On the downside

Newmont Mining (NYSE: NEM) reported sharply lower third quarter earnings that fell short of expectations as revenue dropped.

Fluor (NYSE: FLR) reported higher third quarter earnings but the results missed expectations and the company forecast 2013 results below expectations.

Accuride (NYSE: ACW) widened third quarter losses as revenue fell.

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 tumbled 13 points to 814.
A gain in the nation's unemployment rate weighed the markets down during the midday with the Dow slipping 26 points to 13,206. Nasdaq lost 6 points to 3013.

On the upside

Dendreon (Nasdaq: DNDN) widened third quarter losses but revenue climbed as Provenge sales rose.

TripAdvisor (Nasdaq: TRIP) reported higher third quarter earnings that topped analyst estimates as revenue climbed.

Shares of Restoration Hardware (NYSE: RH) soared in its market debut.
 
On the downside

Pitney Bowes (NYSE: PBI) disappointed with sharply lower third quarter earnings and revenue that fell short of expectations.

Skyworks Solutions (Nasdaq: SWKS) reported higher fourth quarter earnings and revenue but the company forecast current quarter earnings below estimates.

Glu Mobile (Nasdaq: GLUU) narrowed third quarter losses as revenue soared but the company warned of larger than expected losses for the current quarter prompting downgrades.

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 fell 5 points to 822.

Lower Open As Unemployment Ticks Up

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The markets opened lower with the Dow losing 38 points to 13,194 as the nation's unemployment rate ticked up despite the addition of 171,000 jobs last month. Nasdaq slipped 7 points to 3012.

On the upside

Starbucks (Nasdaq: SBUX) reported fourth quarter earnings that topped analyst estimates and lifted its full year guidance.

Starboard Value acquired a 15.9% stake in Quantum (NYSE: QTM).

Alpha Natural Resources (NYSE: ANR) fell to a loss for the third quarter but the results were better than expected.
 
On the downside

Prospect Capital (Nasdaq: PSEC) priced its public offering of 35 million common shares.

The Active Network (NYSE: ACTV) widened third quarter losses and forecast current quarter revenue below expectations.

Alcatel-Lucent (NYSE: ALU) disappointed with a greater than expected loss for the third quarter.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 823.

Markets Soar On Upbeat Economic Data

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Upbeat jobs data along with strong gains in consumer confidence lifted that markets to a sharply higher close with the Dow soaring 136 points to 13,232. Nasdaq jumped 42 points to 3020.

On the upside

Third quarter earnings fell for Sourcefire (Nasdaq: FIRE) but the results were better than expected and the company forecast current quarter results ahead of estimates.

Advance Auto Parts (NYSE: AAP) retained the services of Blackstone Advisory to explore a possible sale of the company.

K-Swiss (Nasdaq: KSWS) narrowed third quarter losses more than expected even as revenue fell.
 
On the downside

Pfizer (NYSE: PFE) will conduct additional tests on Pain Therapeutics' (Nasdaq: PTIE) pain treatment Remoxy before deciding whether or not to continue developing the medication. Durect's (NYSE: DRRX) Oradur technology was used to formulate Remoxy.

Berry Petroleum (NYSE: BRY) disappointed with sharply lower third quarter earnings that fell short of analyst expectations.

Third quarter earnings surged for Ocwen Financial (NYSE: OCN) but the results missed expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 827.
A sharp gain in consumer confidence to a four year high lifted the markets during the midday with the Dow surging 123 points to 13,220. Nasdaq leaped 37 points to 3014.

On the upside

Third quarter earnings surged for Wabash National (NYSE: WNC) as margins improved.

OCZ Technology Group (Nasdaq: OCZ) will present at the Piper Jaffray Technology, Media and Telecommunications Conference in New York on Wednesday, November 7, 2012.

Heartland Payment Systems (NYSE: HPY) reported higher third quarter earnings and revenue that surpassed analyst expectations.
 
On the downside

Teradata (NYSE: TDC) reported higher third quarter earnings and revenue but revenue fell short of analyst expectations.

Zumiez (Nasdaq: ZUMZ) warned that third quarter revenue would fall short of expectations and cut its earnings guidance.

Greenbrier (NYSE: GBX) disappointed with sharply lower fourth quarter earnings that missed analyst expectations by a wide margin.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 824.
The nation's private employers added more jobs than expected in October to lift the markets to a sharply higher open with the Dow soaring 143 points to 13,240. Nasdaq surged 34 points to 3012.

On the upside

RedPrairie will pay a premium of approximately $1.9 billion in cash to acquire JDA Software Group (Nasdaq: JDAS).

Radian (NYSE: RDN) posted a better than expected profit for the third quarter.

MGIC Investment (NYSE: MTG) agreed to pay Freddie Mac over a four year period in order to settle a coverage dispute.
 
On the downside

Barrick Gold (NYSE: ABX) disappointed with sharply lower third quarter earnings and revenue that fell short of analyst expectations and raised the cash costs for gold.

Second quarter earnings surged for Cirrus Logic (Nasdaq: CRUS) to surpass analyst expectations and the company forecast current quarter revenue well ahead of analyst estimates but the stock price dropped.

Abiomed (Nasdaq: ABMD) reported higher second quarter earnings and revenue but the stock price fell.

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

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