January 2013 Archives

An increase in first time applications for jobless benefits weighed the markets down to a lower close with the Dow falling 49 points to 13,860. Nasdaq held steady at 3142.  

On the upside

Shares of Tri Pointe Homes (NYSE: TPH) soared on its first trading day.

Las Vegas Sands (NYSE: LVS) reported higher fourth quarter earnings and revenue on impressive gains at its Macau properties.

Fourth quarter earnings and revenue for Mead Johnson (NYSE: MJN) rose to surpass analyst expectations.

On the downside

Dow Chemical (NYSE: DOW) widened fourth quarter losses more than expected on significant restructuring charges.
 
Time Warner Cable (Nasdaq: TWC) warned that full year results would fall short of expectations as margins shrank.

Harman International Industries (NYSE: HAR) disappointed with lower second quarter earnings and revenue, cut its full year guidance and announced the elimination of up to 1,000 jobs.

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 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 1498.

Mixed Markets As Jobless Claims Rise

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The markets traded mixed during the midday with the Dow losing 15 points to 13,894 as applications for unemployment benefits rose. Nasdaq added 4 points to 3146.  

On the upside

Fortinet (Nasdaq: FTNT) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.

First quarter earnings and revenue rose for Skyworks Solutions (Nasdaq: SWKS) to top analyst estimates and the company forecast current quarter revenue ahead of expectations.

Pitney Bowes (NYSE: PBI) reported sharply lower fourth quarter earnings but the results were better than expected.

On the downside

The Justice Department sued to block Anheuser-Busch InBev's (NYSE: BUD) deal to acquire Grupo Modelo which could jeopardize Constellation Brands' (NYSE: STZ) deal to purchase Crown Imports.
 
Liquidity Services (Nasdaq: LQDT) reported lower first quarter earnings and cut its full year forecast.

Wedbush downgraded Halozyme Therapeutics (Nasdaq: HALO) yesterday to a Neutral rating.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 index eased a point to 1500.

Modestly Higher Open As Incomes Rise

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The markets open modestly higher with the Dow edging up 6 points to 13,917 as personal incomes rose more than expected in December. Nasdaq added 5 points to 3147.  

On the upside

Online Resources (Nasdaq: ORCC) will be acquired ACI Worldwide (Nasdaq: ACIW) in an all cash deal valued at approximately $126.6 million.

Scientific Games will pay a premium of approximately $1.42 billion to acquire WMS Industries (NYSE: WMS).

JDS Uniphase (Nasdaq: JDSU) swung to a profit for the second quarter as revenue rose.

On the downside

Celsion (Nasdaq: CLSN) reported disappointing results from a Phase III HEAT Study treating liver cancer patients with ThermoDox.
 
Fourth quarter earnings for Facebook (Nasdaq: FB) topped analyst estimates but mobile revenue growth fell short of expectations prompting downgrades.

Fusion-io (NYSE: FIO) reversed year ago losses to post a better than expected profit for the second quarter but the storage drive maker forecast current quarter revenue below analyst estimates.

In the broad market, declining issues edged out advancers by a margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1500.

Lower Close As GDP Slips

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A contraction of the nation's economy in the fourth quarter weighed the markets down to a lower close with the Dow falling 44 points to 13,910. Nasdaq lost 11 points to 3142.  

On the upside

Endo Health Solutions (Nasdaq: ENDP) engaged in acquisition discussions with potential suitors.

Robert Half International (NYSE: RHI) reported higher fourth quarter earnings that topped analyst estimates.

Meru Networks (Nasdaq: MERU) narrowed fourth quarter losses more than expected as revenue climbed.

On the downside

Velti (Nasdaq: VELT) webcast its 2013 Analyst Day today.
 
Profit taking sank shares of Peabody Energy (NYSE: BTU).

LDK Solar (NYSE: LDK) chief executive Xiaofeng Peng will sell 394,000 shares of com pay stock.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index lost 5 points to 1501.

Markets Flat As GDP Slips

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The markets traded flat during the midday with the Dow slipping 11 points to 13,942 as a sharp drop in defense spending weighed down the nation's economy last quarter. Nasdaq added 2 points to 3155.  

On the upside

The Food and Drug Administration approved Isis Pharmaceuticals' (Nasdaq: ISIS) new drug application for its cholesterol treatment Kynamro.

Freescale Semiconductor (NYSE: FSL) widened fourth quarter losses but the results were better than expected.

Kinder Morgan Energy will pay approximately $3.2 billion in stock to acquire Copano Energy (Nasdaq: CPNO).

On the downside

Research in Motion (Nasdaq: RIMM) introduced two new BlackBerry 10 phones and changed the company name to BlackBerry.
 
Herbalife (NYSE: HLF) registered domain names that include the name Bill Ackman in the continuing clash between the hedge fund manager and nutritional supplement company.

Spansion (NYSE: CODE) reversed year ago losses to post a profit for the fourth quarter but the results fell short of expectations and warned of losses for the current quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index eased a point to 1505.

Lower Open As GDP Contracts

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The markets opened lower with the Dow losing 24 points to 13,930 as the nation's economy contracted in the fourth quarter. Nasdaq slipped 3 points to 3150.  

On the upside

JLL Partners will pay a premium of approximately $123 million in cash to acquire BioClinica (Nasdaq: BIOC).

Chesapeake Energy (NYSE: CHK) chief executive Aubrey McClendon will retire on April 1 prompting an upgrade.

Keryx Biopharmaceuticals (Nasdaq: KERX) will make a public offering of $55 million worth of common stock.

On the downside

Ventrus Biosciences (Nasdaq: VTUS) priced its public offering of 5.8 million common shares at the discounted price of $2.50 per share.
 
Sensata Technologies (NYSE: ST) reported sharply higher fourth quarter earnings that topped analyst estimates but the company forecast current quarter results below expectations.

Meritor (NYSE: MTOR) narrowed first quarter losses but the results fell short of analyst expectations and the company trimmed its full year revenue guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 1504.

Higher Close As Home Prices Rise

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Rising home prices lifted the markets to a higher close with the Dow climbing 72 points to 13,954. Nasdaq held steady at 3153.  

On the upside

J.C. Penney (NYSE: JCP) will begin offering sales again after a year of promoting everyday low prices that never resonated with customers.

SuperValu (NYSE: SVU) set the interest rate on a $1.5 billion covenant-lite loan.

Bargain hunters lifted shares of Repros Therapeutics (Nasdaq: RPRX).

On the downside

Investors locked in profits on OCZ Technology (Nasdaq: OCZ).
 
Lexmark International (NYSE: LXK) disappointed with sharply lower fourth quarter earnings that fell far short of analyst expectations.

New Oriental Education & Technology (NYSE: EDU) fell to an unexpected loss for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index gained 7 points to 1507.

Markets Advance As Home Prices Climb

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The markets advanced during the midday with the Dow gaining 56 points to 13,938 as home prices climbed in November. Nasdaq held steady at 3153.  

On the upside

Fourth quarter earnings soared for Valero Energy (NYSE: VLO) to surpass analyst expectations by a wide margin.

D.R. Horton (NYSE: DHI) reported sharply higher first quarter earnings that more than doubled as housing prices climbed.

Peabody Energy (NYSE: BTU) fell to a loss for the fourth quarter but the company expects coal prices to recover.

On the downside

Seagate Technology (Nasdaq: STX) reported lower second quarter earnings and forecast current quarter revenue below estimates.
 
Investors locked in profits on Zynga (Nasdaq: ZNGA).

Ford (NYSE: F) warned that losses in Europe could reach $2 billion in 2013.

In the broad market, advancing outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index rose 4 points to 1505.

Mixed Open Over Mixed Data

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November home prices rose signaling a continuing recovery trend but January consumer confidence fell over tax concerns. The markets opened mixed with the Dow rising 29 points to 13,911 while Nasdaq lost 15 points to 3139.  

On the upside

Boston Scientific (NYSE: BSX) reported lower fourth quarter earnings and revenue but the medical device maker announced the elimination of up to 1,000 jobs in order to save $100 million to $115 million per year.

Stifel Nicolaus lifted its price target on Keryx Biopharmaceuticals (Nasdaq: KERX) from $4 to $13 per share.

Elliott Management acquired a 4% stake in Hess (NYSE: HES) and recommended that the energy company split into three separate businesses.

On the downside

EMC (NYSE: EMC) reported higher fourth quarter earnings and revenue that topped analyst estimates but the company forecast 2013 results below expectations.
 
Anacor Pharmaceuticals (Nasdaq: ANAC) reported positive trial results for its toenail fungus treatment tavaborole but current approved medications are just as effective or more effective than tavaborole.

VMware (NYSE: VMW) reported higher fourth quarter earnings and revenue but the company forecast disappointing 2013 results prompting downgrades.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 index held steady at 1500.

Mixed Close On Economic Data

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Durable goods orders climbed more than expected last month while pending home sales fell. The markets closed mixed with the Dow losing 14 points to 13,881 while Nasdaq rose 4 points to 3154.  

On the upside

Shares of Zynga (Nasdaq: ZNGA) rose ahead of its earnings release next week.

Shares of RadioShack (NYSE: RSH) continued rising after Stockpickr noted on Friday that the electronics retailer was one of three stocks under $5 experiencing large upside movement.

The Food and Drug Administration approved three diabetes drugs that Furiex Pharmaceuticals (Nasdaq: FURX) developed with Takeda.

On the downside

Shares of Herbalife (NYSE: HLF) fell after the Federal Trade Commission shut down Fortune Hi-Tech as a pyramid scheme.
 
Nam Tai Electronics (NYSE: NTE) reversed year ago losses to post a profit for the fourth quarter but concerns about Apple product sales weighed down the stock.

Shares of 8x8 (Nasdaq: EGHT) continued falling after a downgrade on Friday.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1500.

The markets traded mixed during the midday with the Dow holding steady at 13,895 as a drop in pending home sales tempered enthusiasm for a better than expected jump in durable goods orders. Nasdaq gained 11 points to 3160.  

On the upside

OCZ Technology (Nasdaq: OCZ) added 750W and 850W power supply unit models to its Silencer Ml III Power Supply Series.

Georgia Gulf (NYSE: GGC) completed its acquisition of PPG's commodity chemicals business.

Idenix Pharmaceuticals (Nasdaq: IDIX) will develop all-oral direct-acting antiviral HCV combination therapies with Janssen Pharmaceuticals.

On the downside

Nomura downgraded PetSmart (Nasdaq: PETM) to Reduce and slashed its price target from $72 to $55.
 
Details of 3D Systems' (NYSE: DDD) acquisition of Coweb were undisclosed.

Goldman Sachs downgraded AK Steel (NYSE: AKS) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1502.

The markets opened mixed with the Dow slipping 17 points to 13,878 as pending home sales fell in December. Nasdaq rose 4 points to 3154.  

On the upside

Keryx Biopharmaceuticals (Nasdaq: KERX) reported positive results from a Phase 3 study of Zerenex in dialysis patients.

Hess (NYSE: HES) will sell its terminal network and exit its refining business.

Dole (NYSE: DOLE) agreed to support a water filtration project in Guatemala to settle a lawsuit.

On the downside

Jos. A. Bank Clothiers (Nasdaq: JOSB) warned that fiscal 2012 earnings would be lower than last year prompting a downgrade.
 
Repros Therapeutics (Nasdaq: RPRX) delayed the results date for its secondary hypogonaadism treatment Androxal until the third quarter.

Content partners for Research in Motion's (Nasdaq: RIMM) Blackberry 10 storefront include Walt Disney Studios, Sony Pictures and Warner Music Group but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index lost 3 points to 1499.

Upbeat earnings lifted the markets to a higher close with the Dow gaining 70 points to 13,895. Nasdaq rose 19 points to 3149.  

On the upside

Chuy's Holdings (Nasdaq: CHUY) priced its secondary offering of 4.5 million shares at $25 per share.

Oshkosh (Nasdaq: OSK) reported higher first quarter earnings that beat analyst expectations and lifted its full year earnings guidance.

Second quarter earnings slipped for Synaptics (Nasdaq: SYNA) but the results were better than expected prompting upgrades.

On the downside

Macquarie Group analyst Jasper Burch wrote that MGIC Investment (NYSE: MTG) was over valued and recommended that investors sell the stock.
 
ScanScource (Nasdaq: SCSC) reported lower second quarter earnings and forecast current quarter results below expectations.

Shares of Apple (Nasdaq: AAPL) continued falling after reporting disappointing iPhone sales.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index gained 8 points to 1502.

Markets Advance On Strong Earnings

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The markets advanced during the midday with the Dow climbing 55 points to 13,881 on strong earnings news. Nasdaq gained 21 points to 3151.  

On the upside

Netflix (Nasdaq: NFLX) stock continued rising after reporting an unexpected profit for the fourth quarter Wednesday after market close.

Molycorp (Nasdaq: MCP) priced its public offering of 37.5 million common shares at the discounted price of $6.00 per share but the stock price rose.

Bargain hunters snapped up shares of Cirrus Logic (Nasdaq: CRUS), whose stock price fell yesterday on a disappointing forecast.

On the downside

Concerns that Ctrip.com International (Nasdaq: CTRP) will begin offering rebate coupons for airfares weighed down shares of the travel services firm.
 
Shares of AuRico Gold (NYSE: AUQ), Eldorado Gold (NYSE: EGO) and Kinross Gold (NYSE: KGC) fell as gold prices retreated.

Ship Finance International (Nasdaq: SFL) will offer $250 million in convertible senior notes.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index rose 7 points to 1501.

Higher Open On Strong Earnings

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Strong corporate earnings lifted the markets to a higher open with the Dow rising 37 points to 13,862. Nasdaq climbed 16 points to 3147.  

On the upside

Fourth quarter earnings fell for Halliburton (NYSE: HAL) but the results beat analyst expectations.

Informatica (Nasdaq: INFA) reported lower earnings but the results were better than expected.

Shares of Bright Horizons (Nasdaq: BFAM) surged in its market debut.

On the downside

Select Comfort (Nasdaq: SCSS) reported lower fourth quarter earnings that fell short of analyst expectations and forecast 2013 income below estimates.
 
BG Medicine (Nasdaq: BGMD) priced its public offering of 6 million common shares at the discounted price of $2 per share.

8x8 (Nasdaq: EGHT) reported lower third quarter earnings prompting a downgrade.

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 broader S&P 500 index held gained 5 points to 1500.

Falling jobless claims tempered disappointment with Apple iPhone sales. The markets closed mixed with the Dow gaining 46 points to 13,825 while Nasdaq dropped 23 points to 3130.  

On the upside

Travelzoo (Nasdaq: TZOO) reported lower fourth quarter earnings but the results topped analyst estimates as revenue rose.

ITT Educational Services (NYSE: ESI) fell to an unexpected loss for the fourth quarter but the for profit educator said that a new scholarship program was successful in recruiting in new students.

The National Advertising Division sided with Tempur-Pedic International (NYSE: TPX) and recommended that Serta change or stop advertising claims comparing its products to the iComfort Sleep System.

On the downside

OSI Systems (Nasdaq: OSIS) reported flat second quarter earnings and lowered its full year revenue outlook.
 
OPKO Health (NYSE: OPK) will sell $150 million in convertible senior notes.

McCormick & Co. (NYSE: MKC) blamed higher raw material expenses for fourth quarter earnings that missed expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 1494.

Dow Advances As Jobless Claims Fall

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The Dow advanced during the midday by climbing 77 points to 13,856 as first time applications for unemployment benefits fell its lowest level in five years. Apple's disappointing results weighed Nasdaq down 10 points to 3142.  

On the upside

F5 Networks (Nasdaq: FFIV) reported higher first quarter earnings and revenue and forecast current quarter earnings ahead of estimates.

Third quarter earnings rose for InvenSense (NYSE: INVN) to top analyst estimates.

Brunswick (NYSE: BC) narrowed fourth quarter losses more than expected as revenue climbed.

On the downside

Shares of Cirrus Logic (Nasdaq: CRUS) fell ahead of its earnings release after market close.
 
Molycorp (NYSE: MCP) extended its losses after warning yesterday of lower revenue and cash flow.

Under Armour (NYSE: UA) senior vice president of footwear will resign effective February 22.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index added 2 points to 1497.

The markets opened mixed with the tech heavy Nasdaq losing 6 points to 3147 on disappointing iPhone sales. The Dow climbed 63 points to 13,843. 

On the upside

Netflix (Nasdaq: NFLX) reported an unexpected profit for the fourth quarter as subscribers for its video streaming service soared.

Swift Transportation (NYSE: SWFT) reported higher fourth quarter earnings that beat analyst estimates.

NewLead Holdings (Nasdaq: NEWL) won a one year contract to supply 720,000 metric tons of thermal coal for $64 million.

On the downside

Apple (Nasdaq: AAPL) disappointed with flat first quarter earnings as iPhone sales fell short of expectations. Analysts slashed their price targets on the company.
 
Nokia (NYSE: NOK) reversed year ago losses to post a profit for the fourth quarter but revenue dropped and the company announced that no dividend would be paid.

Mellanox Technologies (NYSE: LDK) reported higher fourth quarter earnings but the company forecast current quarter revenue well below expectations.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index gained 6 points to 1499.

Higher Close On Strong Earnings

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Better than expected earnings boosted the markets to a higher close with the Dow gaining 67 points to 13,779. Nasdaq climbed 10 points to 3153. 

On the upside

Rumors circulated that Safeway (NYSE: SWY) may sell its Canadian operations.

Shares of Assured Guaranty (NYSE: AGO) and MGIC Investment (NYSE: MTG) continued climbing on increased 2012 home sales.

Rock-Tenn (NYSE: RKT) reported higher first quarter earnings that beat analyst expectations.

On the downside

TheStreetSweeper questioned effectiveness of Cyberonics' (Nasdaq: CYBX) implantable device to treat epilepsy and depression.
 
Quest Diagnostics (NYSE: DGX) disappointed with sharply lower fourth quarter earnings that fell short of analyst expectations and forecast 2013 results below estimates.

LDK Solar (NYSE: LDK) will sell a 12% stake in Fulai Investments for $31 million.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index added 2 points to 1494.

Investors welcomed upbeat earnings news by lifting the markets higher during the midday with the Dow climbing 64 points to 13,777. Nasdaq rose 9 points to 3153. 

On the upside

KB Home (NYSE: KBH) reported sharply higher new orders prompting an upgrade.

National Traders Association issued a research report on Keryx Biopharmaceuticals (NYSE: KERX) saying that upcoming marketing approval for the company's kidney disease treatment Zerenex will improve company outlook.

Fourth quarter earnings rose for IBM (NYSE: IBM) to top analyst estimates.

On the downside

TheStreet reported that Star Scientific (Nasdaq: STSI) deceived investors by implying that John Hopkins was involved in one of its clinical tests.
 
Tata Motors (NYSE: TATA) reported that growth slowed at its Jaguar Land Rover division.

Profit taking sank shares of Synovus Financial (NYSE: SNV).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1493.

Earnings Lift Markets To Higher Open

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The markets opened higher with the Dow rising 56 points to 13,768 on upbeat earnings. Nasdaq gained 10 points to 3154. 

On the upside

MAP Pharmaceuticals (Nasdaq: MAPP) will be acquired by Allergan (NYSE: AGN) for a premium of approximately $958 million in cash.

Advanced Micro Devices (NYSE: AMD) widened fourth quarter losses as revenue fell but the results were better than expected.

Cree (Nasdaq: CREE) reported higher second quarter earnings and revenue and forecast current quarter results above estimates.

On the downside

Coach (NYSE: COH) reported higher second quarter earnings and revenue but the results missed analyst expectations.
 
Molycorp (NYSE: MCP) warned of that revenue for the first half of 2013 would fall far short of its previous forecast and announced plans to sell $200 million worth of common shares and $100 million in convertible senior notes.

BMO Capital Markets downgraded IAMGOLD (NYSE: IAG) to a Market Perform rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index eased a point to 1491.

Higher Close On Upbeat Earnings

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Upbeat earnings news lifted the markets to a higher close with the Dow gaining 62 points to 13,712. Nasdaq rose 8 points to 3143. 

On the upside

Seeking Alpha expects Keryx Biopharmaceuticals (Nasdaq: KERX) to report positive Phase III trial results for Zerenex.

Shares of Chinese solar stocks LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) all rose on news that Chinese demand for photovoltaic modules soared in the fourth quarter to one third of the global market.

Rising home sales in 2012 lifted shares of mortgage insurers Assured Guaranty (NYSE: AGO), MBIA (NYSE: MBI) and Radian Group (NYSE: RDN).

On the downside

TAL Education Group (NYSE: XRS) reported lower third quarter earnings due to changes in Beijing's education policy and forecast current quarter revenue below expectations.
 
II-VI (Nasdaq: IIVI) disappointed with lower second quarter earnings that fell short of expectations and forecast third quarter revenue below estimates.

Synovus Financial (NYSE: SNV) reported sharply higher fourth quarter earnings as a result of a tax benefit but interest income dropped to miss expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index rose 6 points to 1492.

Mixed Markets Over Housing Data

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While sales of previously owned homes climbed to a five year high in 2012, December sales fell. The markets traded mixed during the midday with the Dow adding 4 points to 13,654 while Nasdaq slipped 10 points to 3124. 

On the upside

Celsion (Nasdaq: CLSN) announced a technology development agreement with Zhejiang Hisun Pharmaceutical for the cancer treatment ThermoDox.

HSBC Securities upgraded SK Telecom (NYSE: SKM) to an Overweight rating.

Spirit Realty Capital (NYSE: SRC) will merge with Cole Credit Property Trust II.

On the downside

United Microelectronics (NYSE: UMC) and Faraday Technology produced customer system-on-chip ICs with a density of over 300 million gates but the stock price fell.
 
General Motors (NYSE: GM) cited plunging auto sales in Europe for possibly closing a German manufacturing facility in 2014.

Citigroup (NYSE: C) priced its bond offering of 500 million euros.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index eased a point to 1484.

Concerns that the global unemployment rate may reach a record high weighed the markets down to a lower open with the Dow slipping 12 points to 13,636. Nasdaq lost 10 points to 3123. 

On the upside

Research In Motion (Nasdaq: RIMM) may sell its handset business and is exploring the possibility of licensing its software.

Ontario Teachers' Pension Plan will pay a premium of approximately $467 million to acquire SeaCube Container Leasing (NYSE: BOX).

Om Group (NYSE: OMG) will sell the downstream part of its advanced materials business in a deal that could reach $435 million.

On the downside

Concerns that European regulators may not approve the obesity treatment Belviq weighed down shares of Arena Pharmaceuticals (Nasdaq: ARNA).
 
An Impax Laboratories (Nasdaq: IPXL) plant that develops its Parkinson's disease treatment Rytary must be re-inspected by the Food and Drug Administration.

Brinker International (NYSE: EAT) reported higher second quarter earnings but revenue fell short of expectations on disappointing same store sales growth.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1482.

U. S. Markets Closed

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U. S. markets are closed in observance of the Martin Luther King Jr. holiday.

Higher Close On Upbeat Earnings

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Despite an unexpected drop in consumer sentiment, the markets closed higher with the Dow gaining 53 points to 13,649 on upbeat earnings. Nasdaq eased a point to 3134. 

On the upside

Shares of CyrusOne (Nasdaq: CONE) soared on its first trading day.

As part of its renovating and redesigning plan, Office Depot (NYSE: ODP) will open a smaller version of its retail store at North Hills in Raleigh, North Carolina.

State Street (NYSE: STT) reported higher fourth quarter earnings as revenue rose.

On the downside

Cincinnati Bell (NYSE: CBB) successfully spun-off its CyrusOne unit as an independently traded company.
 
Wipro (NYSE: WIT) reported higher third quarter earnings and revenue but the stock price fell.

Analysts expect Amgen (Nasdaq: AMGN) to post higher earnings next week but the stock price dropped.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index rose 5 points to 1485.

Flat Markets Over Mixed Earnings

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The markets traded near the flatline during the midday with the Dow edging up 7 points to 13,603 over mixed corporate earnings. Nasdaq slipped 8 points to 3127. 

On the upside

Shares of Norwegian Cruise Line Holdings (Nasdaq: NCLH) surged on its first trading day.

Jefferies Co. analyst Peter Misek upgraded Research In Motion (Nasdaq: RIMM) to a Buy rating and lifted his price target from $13 to $19.50.

StockCall.com issued a research report on Arch Coal (NYSE: ACI) saying that the coal industry outlook was improving.

On the downside

Jefferies analyst James Kisner downgraded Finisar (Nasdaq: FNSR) to an Underperform rating and slashed his price target from $14 to $7.50.
 
A drop in earnings from Intel weighed down shares of rival chipmaker Advanced Micro Devices (NYSE: AMD).

TheStreet Ratings affirmed its Sell rating on Arena Pharmaceuticals (Nasdaq: ARNA).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1480.

Mixed Open On Economic Data

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The markets opened mixed with the Dow adding 8 points to 13,604 while Nasdaq lost 6 points to 3129 as a report that China's economy expanded more than expected tempered news of an unexpected drop in consumer sentiment. 

On the upside

Life Technologies (Nasdaq: LIFE) retained the services of Deutsche Bank Securities and Moelis & Co. to explore strategic options.

Shares of NuPathe (Nasdaq: PATH) continued rising after the Food and Drug Administration approved the company's Zecuity skin patch for migraine headaches.

Morgan Stanley (NYSE: MS) reversed year ago losses to post a stronger than expected profit for the fourth quarter.

On the downside

Intel (Nasdaq: INTC) reported lower fourth quarter earnings and revenue and forecast current quarter revenue below analyst expectations.
 
Capital One Financial (NYSE: COF) reported higher fourth quarter earnings due to acquisitions but the results fell short of estimates.

Trius Therapeutics (Nasdaq: TSRX) priced its public offering of 6.3 million common shares at the discounted price of $4.75 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index rose 7 points 1480.

Investors welcomed a sharp drop in jobless claims by lifting the markets to a higher close with the Dow gaining 84 points to 13,596. Nasdaq climbed 18 points to 3136. 

On the upside

The Food and Drug Administration was supposed to complete the review process of NuPathe's (Nasdaq: PATH) Zecurity transdermal patch to treat acute migraine headaches today.

Clear Channel (NYSE: CCO) is one of Abrams Capital Management's top four small cap holdings.

Nautilus (NYSE: NLS) reported higher preliminary fourth quarter earnings and revenue.

On the downside

Solazyme (Nasdaq: SZYM) will offer $100 million in convertible senior subordinated notes.
 
Theravance (Nasdaq: THRX) will offer $250 million in convertible senior subordinated notes.

Jefferies & Co. downgraded Leap Wireless (Nasdaq: LEAP) to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index rose 8 points 1480.

The markets advanced during the midday with the Dow climbing 70 points to 13,582 as jobless claims tumbled to a five year low. Nasdaq gained 16 points to 3133. 

On the upside

Nu Skin (NYSE: NUS) forecast fourth quarter earnings ahead of analyst estimates.

ASML Holding (Nasdaq: ASML) reported higher fourth quarter earnings.

Sony (NYSE: SNE) chief executive Kazuo Hirai said that the company is leaner and more nimble now.

On the downside

Brean Capital downgraded Celsion (Nasdaq: CLSN) to a Sell rating.
 
Citigroup (NYSE: C) disappointed with fourth quarter earnings that fell far short of analyst expectations as legal expenses climbed.

Williams-Sonoma (NYSE: WSM) forecast fourth quarter earnings and revenue below analyst expectations prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index gained 7 points 1479.

A sharp drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 61 points to 13,572. Nasdaq rose 16 points to 3134. 

On the upside

E. Land will pay a premium of approximately $170 million to acquire athletic footwear maker K-Swiss (Nasdaq: KSWS).

CBS (NYSE: CBS) will convert its Outdoor Americas advertising division into a real estate investment trust.

NewLead Holdings (Nasdaq: NEWL) will acquire properties containing estimated coal reserves of 161.7 million tons.

On the downside

Power-One (Nasdaq: PWER) warned of losses for the fourth quarter due to weak demand.
 
Aveo Pharmaceuticals (Nasdaq: AVEO) priced its public offering of more than 6.6 million common shares at the discounted price of $7.50 per share.

Bank of America (NYSE: BAC) reported sharply lower fourth quarter earnings due to mortgage related charges.

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 broader S&P 500 index rose 6 points 1479.

The markets closed mixed with the Dow slipping 23 points to 13,511 as the nation's economy expanded moderately. Nasdaq added 6 points to 3117. 

On the upside

VimpelCom (NYSE: VIP) plans to increase its cash-flow over the next three years by $2.9 billion and expects to pay a dividend of at least 80 cents per share in 2013 and 2014.

Shares of sporting goods retailer Cabela's (NYSE: CAB) soared after President Obama detailed proposals for stricter gun control.

Opko Health (NYSE: OPK) chief executive Phillip Gamma Frost, M.D. purchased 20,000 shares of company stock.

On the downside

Motley Fool noted that Celsion (Nasdaq: CLSN) will likely use all of its cash in 2013.
 
UBS downgraded Ironwood Pharmaceuticals (Nasdaq: IRWD) to a Sell rating.

Shares of Hovnanian Enterprises (NYSE: HOV) fell as homebuilder confidence held steady in January.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index held steady at 1472.

The markets traded mixed during the midday with the Dow slipping 22 points to 13,512 as global growth concerns tempered enthusiasm for upbeat corporate earnings. Nasdaq gained 11 points to 3122. 

On the upside

UBS Financial Services (NYSE: UBS) will settle an auction-rate securities dispute by paying ClearOne (Nasdaq: CLRO) $45 million.

Buckingham initiated coverage of Constellation Brands (NYSE: STZ) with a Buy rating.

Christopher & Banks (NYSE: CBK) lifted its fourth quarter same store sales growth forecast.

On the downside

Shares of Trina Solar (NYSE: TSL) fell after the World Bank cut the growth forecast for China.
 
Chipotle Mexican Grill (NYSE: CMG) blamed higher food costs for forecasting fourth quarter earnings below analyst expectations.

Crocs (Nasdaq: CROX) warned that the holiday shopping season was difficult for the maker of colorful plastic footwear.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index edged up a fraction to 1473.

Mixed Open On Homebuilder Sentiment

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The markets opened mixed with the Dow losing 32 points to 13,502 while Nasdaq rose 6 points to 3116 as home builder sentiment held steady in January. 

On the upside

Genworth Financial (NYSE: GNW) will form a new, separate company for its mortgage insurance subsidiaries that lower its risk-to-capital ratio.

Alnylam Pharmaceuticals (Nasdaq: ALNY) priced its public offering of 8 million common shares at $20.13 per share.

Visa (NYSE: V) approved Research In Motion's (Nasdaq: RIMM) mobile payment solution.

On the downside

Cobalt International Energy (NYSE: CIE) priced its secondary offering of 40 million common shares at the discounted price of $25.15 per share.
 
General Motors (NYSE: GM) announced that profits should grow modestly in 2013.

An emergency landing made by an All Nippon Airways 787 prompted two Japanese airlines to ground all new Boeing 787s (NYSE: BA).

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped a point to 1471.

The markets closed mixed with the Dow rising 27 points to 13,534 as better than expected retail sales tempered concerns about the debt limit. Nasdaq slipped 6 points to 3110. 

On the upside

Comcast (Nasdaq: CMCSA) will invest $150 million in Arris Group (Nasdaq: ARRS).

Quiksilver (NYSE: ZQK) global brand president and chief operating officer Craig Stevenson sold nearly 20,000 shares of company stock.

Aeropostale (NYSE: ARO) partnered with DoSomething.org to launch their sixth annual Teens for Jeans campaign to collect one million pair of jeans for homeless teens.

On the downside

Stifel Nicolaus downgraded TTM Technologies (Nasdaq: TTMI) from a Buy rating to Hold.
 
Facebook's (Nasdaq: FB) new Graph Search tool allowing users to search for information shared by friends weighed down shares of Yelp (Nasdaq: YELP).

Body Central (Nasdaq: BODY) lowered its fourth quarter earnings outlook and slashed its 2012 earnings guidance.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1472.

The markets recovered from early morning losses but continued trading in negative territory during the midday with the Dow slipping 15 points to 13,492 as December retail sales gained a better than expected 0.5%. Nasdaq lost 14 points to 3103. 

On the upside

Bank of America Merrill Lynch affirmed its Buy rating on Gafisa (NYSE: GFA) citing stronger than expected free cash flow.

Retail sales rose more than expected in December to lift shares of Gap (NYSE: GPS).

The Burlington School District deployed EnerNOC's (Nasdaq: ENOC) EfficiencySMART Insight application to reduce energy consumption and expenses.

On the downside

Coldwater Creek (Nasdaq: CWTR) warned of flat fourth quarter sales and greater losses than previously forecast.
 
Given Imaging (Nasdaq: GIVN) ended discussions for a possible sale.

Profit taking sank shares of Telik (Nasdaq: TELK).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1467.

The debate over the debt limit weighed the markets down to a lower open with the Dow losing 36 points to 13,471. Nasdaq fell 21 points to 3096. 

On the upside

Express (NYSE: EXPR) cited strong holiday sales for lifting its guidance for the fourth quarter and full year.

The New York Stock Exchange granted Chimera (NYSE: CIM) an additional 30-day extension for continued listing.

The Food and Drug Administration approved Santarus' (Nasdaq: SNTS) ulcerative colitis treatment Uceris.

On the downside

Majesco Entertainment (Nasdaq: COOL) reported a loss for the fourth quarter despite higher revenue and warned of lower sales in 2013.
 
Lululemon Athletica (Nasdaq: LULU) forecast fourth quarter revenue below analyst expectations.

SAP (NYSE: SAP) reported preliminary fourth quarter earnings and revenue that fell short of estimates.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index lost 5 points to 1465.

Mixed Close Over Corporate News

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The markets closed mixed with the Dow gaining 18 points to 13,507 as investors continued to monitor corporate earnings. Nasdaq slipped 8 points to 3117. 

On the upside

Bloomberg reported that Dell (Nasdaq: DELL) engaged in discussions to be taken private.

Shares of Herbalife (NYSE: HLF) continued rising after the nutritional supplements maker defended itself against pyramid scheme allegations last week.

Fifth & Pacific (NYSE: FNP) reported an impressive 27% jump in fourth quarter same store sales at its kate spade stores.

On the downside

Nam Tai Electronics (NYSE: NTE) will report fourth quarter and full year results before market open on Monday, January 28, 2013.
 
GT Advanced Technologies (Nasdaq: GTAT) stock continued falling after announcing additional layoffs and the idling of a solar furnace factory last week.

Hhgregg (NYSE: HGG) warned of lower third quarter earnings and revenue that will fall short of analyst expectations.

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 broader S&P 500 index eased a point to 1470.

The markets traded mixed during the midday with the Dow rising 10 points to 13,498. Nasdaq lost 12 points to 3113 after Apple slashed production of the iPhone 5 by half. 

On the upside

Maxim Group initiated coverage of Liberty Media (Nasdaq: STRZA) on Friday with a Buy rating.

Hewlett Packard (NYSE: HPQ) reclaimed its status as the top maker of personal computers.

Swatch Group will acquire the Harry Winston Diamond (NYSE: HWD) watch and jewelry brand in a deal valued at approximately $1 billion.

On the downside

Suntech Power (NYSE: STP) regained compliance with the New York Stock Exchange's minimum listing requirement but the stock price fell.
 
UBS downgraded Sprint (NYSE: S) from a Buy rating to Neutral.

Investors locked in profits on Telik (Nasdaq: TELK).

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index slipped 2 points to 1469.

Lower Open On Slowing iPhone Sales

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Concerns of slowing iPhone sales weighed the markets down to a lower open with the Dow losing 11 points to 13,476. Nasdaq dropped 16 points to 3108. 

On the upside

Activist investor Carl Icahn purchased a 1.56% stake in Transocean (NYSE: RIG) and has applied for approval to acquire more shares.

Shares of Research in Motion (Nasdaq: RIMM) continued climbing as the company prepared to launch its BlackBerry 10 smartphones on January 30.

Dendreon (Nasdaq: DNDN) extended its gains on expectations of higher Provenge sales.

On the downside

The Wall Street Journal reported that Apple (Nasdaq: AAPL) slashed its iPhone 5 production for the current quarter by nearly one half. The news also weighed down shares of Apple supplier Cirrus Logic (Nasdaq: CRUS).
 
Strong holiday sales prompted Francesca's Holdings (Nasdaq: FRAN) to lift its fourth quarter outlook but the stock price dropped.

J.C. Penney (NYSE: JCP) extended its losses after an analyst downgrade on Friday.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index lost 4 points to 1467.

The markets closed modestly higher with the Dow gaining 17 points to 13,488 as investors weighed upbeat earnings news against a widening trade deficit. Nasdaq rose 3 points to 3125. 

On the upside

Delek US Holdings (NYSE: DK) stock continued rising after announcing on Wednesday that it would pay approximately $5.3 million to acquire a biodiesel production facility in Texas.

Mad Money's Jim Cramer upgraded Georgia Gulf (NYSE: GGC) to a Buy rating.

Seeking Alpha listed BioCryst Pharmaceuticals (Nasdaq: BCRX) among flu vaccine makers for investors to consider in the midst of the current flu epidemic.

On the downside

CRT Capital downgraded Century Aluminum (Nasdaq: CENX) to a Sell rating.
 
TheStreet affirmed its Hold rating on Peabody Energy (NYSE: BTU).

China Ming Yang Wind Power Group (NYSE: MY) said that it did not know of any specific reasons for recent gains in its stock price.

In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 1472.

Markets Flat On Wider Trade Deficit

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The markets traded flat during the midday with the Dow rising 10 points to 13,481 as the nation's trade deficit unexpectedly widened. Nasdaq added 2 points to 3124. 

On the upside

Rsearch in Motion (Nasdaq: RIMM) will introduce six new BlackBerry 10 devices in 2013.

Shares of Nokia (NYSE: NOK) continued rising after reporting stronger than expected Lumia sales.

Unwired Planet (Nasdaq: UPIP) will acquire 2,185 patents from Ericsson (NYSE: ERIC) prompting an analyst upgrade.

On the downside

Profit taking sank shares of NewLead Holdings (Nasdaq: NEWL).
 
Bazaarvoice (Nasdaq: BV) will fight the Justice Department's antitrust suit that was filed yesterday but the stock price continued falling.

Piper Jaffray downgraded Aeropostale (NYSE: ARO) to a Neutral rating while Imperial Capital cut its price target on the retailer from $18 to $15.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1471.

Lower Open As Trade Deficit Widens

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The nation's trade deficit widened more than expected to weigh the markets down to a lower open with the Dow losing 23 points to 13,447. Nasdaq slipped 7 points to 3114. 

On the upside

Sanford C. Bernstein upgraded Dendreon (Nasdaq: DNDN) to an Outperform rating.

Infosys (NYSE: INFY) reported lower third quarter earnings but the results beat expectations.

Best Buy (NYSE: BBY) reported flat domestic holiday sales, reversing a pattern of declining sales over the past three quarters.

On the downside

ArQule (Nasdaq: ARQL) reported that its colorectal cancer treatment tivantinib failed a midstage clinical trial.
 
KBR (NYSE: KBR) blamed charges for slashinbg its 2012 earnings guidance.

UBS downgraded J.C. Penney (NYSE: JCP) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 index slipped 3 points to 1468.

Rising Chinese exports lifted the markets to a higher close with the Dow climbing 80 points to 13,471. Nasdaq gained 15 points to 3121. 

On the upside

Shares of Pacific Biosciences (Nasdaq: PACB) continued rising after the Food and Drug Administration announced yesterday that it would use the company's SMRT technology for the 100K Pathogen Genome Project.

Guggenheim Securities analyst Shing Yin wrote that MetroPCS (NYSE: PCS) and T-Mobile may acquire Leap Wireless (Nasdaq: LEAP) after completing their merger.

News that China's exports soared in December lifted shares of Chinese stocks Youku Tudou (NYSE: YOKU) and China Ming Yang Wind Power (NYSE: MY).

On the downside

Sequenom (Nasdaq: SQNM) extended its losses over competition concerns.
 
DragonWave (Nasdaq: DRWI) widened third quarter losses more than expected despite higher revenue as gross margin dropped.

The Justice Department sued Bazaarvoice (Nasdaq: BV) alleging that the company's acquisition of PowerReviews violated antitrust laws.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index climbed 11 points to 1472.

The markets turned mixed during the midday with the Dow rising 23 points to 13,413 as holiday sales rose 2.5% to meet lowered expectations. Nasdaq eased a point to 3104. 

On the upside

NewLead Holdings (Nasdaq: NEWL) received a capital contribution valued at approximately $236.4 million in exchange for a 36.8% stake in the company.

Rising gold prices lifted share of Yamana Gold (NYSE: AUY).

Isis Pharmaceuticals (Nasdaq: ISIS) updated investors on its pipeline at the 31st Annual J.P. Morgan Healthcare Conference.

On the downside

Silver Standard Resources (Nasdaq: SSRI) announced an offering of $200 million in convertible senior notes.
 
American Eagle Outfitter (NYSE: AEO) affirmed its earnings guidance for the fourth quarter but reported slowing same store sales growth.

Tiffany (NYSE: TIF) warned that full year earnings would be at the low end of its previous guidance due to disappointing same store holiday sales.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 index added 3 points to 1464.

Higher Open As China's Exports Grow

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The markets opened higher with the Dow rising 27 points to 13,417 as China reported sharply higher exports. Nasdaq added 4 points to 3110. 

On the upside

Nokia (NYSE: NOK) reported stronger than expected sales of its Lumia smartphone in the fourth quarter.

Supervalu (NYSE: SVU) swung to a profit for the third quarter and announced the sale of five grocery store chains to Cerberus Capital Management in a deal valued at approximately $3.3 billion.

Herbalife (NYSE: HLF) rejected accusations by Pershing Capital that the company was a pyramid scheme during an investor day presentation in New York.

On the downside

Molycorp (NYSE: MCP) blamed lower rare earth prices for warning that 2013 revenue would fall short of expectations.
 
Ascena (Nasdaq: ASNA) reported a drop in holiday same store sales and lowered its full year earnings guidance.

Aeropostale (NYSE: ARO) blamed a 6% drop in holiday sales for slashing its fourth quarter earnings outlook.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index added 3 points to 1464.

Higher Close On Strong Earnings

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Better than expected corporate earnings lifted the markets to a higher close with the Dow gaining 61 points to 13,390. Nasdaq rose 14 points to 3105. 

On the upside

Shares of Supervalu (NYSE: SVU) rose ahead of its earnings release tomorrow morning.

Interactive Intelligence (Nasdaq: ININ) expects to report higher fourth quarter earnings and revenue as order more than doubled.

Mattson Technology (Nasdaq: MTSN) shipped its advanced etch system to a sixth semiconductor manufacturer.

On the downside

Copperfield Research accused MagicJack VocalTec (Nasdaq: CALL) of misrepresenting its financial results and urged the Securities and Exchange Commission to investigate the company.
 
Investors locked in profits on Star Scientific (Nasdaq: STSI).

Shares of Garmin (Nasdaq: GRMN) fell after the Justice Department approved the merger of DigitalGlobe (NYSE: DGI) and GeoEye (Nasdaq: GEOY), the only two commercial satellite imagery companies in the nation.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index rose 3 points to 1461.

Markets Advance On Upbeat Earnings

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Investors embraced upbeat earnings news to boost the markets during the midday with the Dow climbing 73 points to 13,402. Nasdaq gained 14 points to 3106. 

On the upside

China's announcement that it would install 10 GW of solar in 2013 lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).

Power-Gen International named Canadian Solar's (Nasdaq: CSIQ) 148 MW solar park PV project the 2012 Solar Project of the Year.

The Paragon Report expects Halcon Resources (NYSE: HK) to benefit from the reopening of the Seaway Pipeline.

On the downside

Profit taking sank shares of Peregrine Pharmaceuticals (Nasdaq: PPHM), whose stock price climbed on Monday after clarifying study data for its lung cancer treatment bavituximab.
 
Shares of Sequenom (Nasdaq: SQNM) continued falling after Illumina (Nasdaq: ILMN) announced on Monday that it was purchasing Sequenom competitor Verinata Health.

Shares of Alpha Natural Resources (NYSE: ANR) fell after Motley Fool wrote that coal companies are burdened by heavy debt and low coal prices.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index added 4 points to 1461.

Higher Open On Upbeat Earnings

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Upbeat corporate earnings lifted the markets to a higher open with the Dow gaining 74 points to 13,403. Nasdaq climbed 17 points to 3109. 

On the upside

Dish Network (Nasdaq: DISH) started a bidding war for Clearwire (Nasdaq: CLWR) by offering $2.8 billion for the wireless service provider. Sprint (NYSE: S) had offered $2.2 billion to acquire Clearwire.

Rosetta Genomics (Nasdaq: ROSG) reported that the microRNA characteristics of cancer of unknown primary are the same as metastatic tumors of matched primaries.

NuVasive (Nasdaq: NUVA) reported preliminary 2012 revenue that topped expectations and forecast 2013 revenue ahead of estimates.

On the downside

Apollo Group (Nasdaq: APOL) reported lower first quarter earnings as enrollment declined and the for profit educator forecast 2013 revenue below analyst expectations.
 
Five Star Equities wrote that Cell Therapeutics (Nasdaq: CTIC) was an attractive acquisition target but the stock price fell as investors locked in profits from yesterday's rally.

Crosstex Energy (Nasdaq: XTEX) priced its public offering of 7.5 million common units at the discounted price of $15.15 per unit.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index rose 6 points to 1463.

Concerns of disappointing earnings weighed the markets down to a lower close with the Dow dropping 55 points to 13,328. Nasdaq lost 7 points to 3091. 

On the upside

Motley Fool expects Arena Pharmaceuticals (Nasdaq: ARNA) to successfully launch its obesity treatment Belviq domestically and in Europe in 2013.

The Wall Street Journal reported that China will more than double its solar capacity this year. Shares of Suntech Power (NYSE: STP), Trina Solar (NYSE: TSL), Yingli Green Energy (NYSE: YGE) and LDK Solar (NYSE: LDK) all climbed.

Greenbrier (NYSE: GBX) reported that it has received approximately $430 million in new orders since September 1, 2012.

On the downside

Profit taking sank shares of Molycorp (NYSE: MCP).
 
MGIC Investment (NYSE: MTG) reported that December new insurance written was $2.2 million, the same as November.

Cincinnati Bell (NYSE: CBB) subsidiary CyrusOne commenced the initial public offering of 16.5 million common shares.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped 4 points to 1457.

Losses Extended Ahead Of Earnings

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The markets extended its losses during the midd a with the Dow falling 66 points to 13,317 on expectations of sluggish earnings. Nasdaq dropped 17 points to 3081. 

On the upside

Holiday same store sales climbed 4.7% for Signet Jewelers (NYSE: SIG).

The Medicines Company (Nasdaq: MDCO) reported positive results from a Phase 3 clinical trial of its cangrelor treatment for patients undergoing percutaneous coronary intervention.

Star Scientific (Nasdaq: STSI) reported positive preliminary results from its ASAP Human Thyroid Study.

On the downside

Cypress Semiconductor (Nasdaq: CY) warned that fourth quarter results will fall short of expectations.
 
Despite a new debt agreement, Seeking Alpha does not recommend investing in Alcatel-Lucent (NYSE: ALU).

William Blair analyst Jason Ader downgraded Fusion-io (NYSE: FIO) 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 broader S&P 500 index fell 7 points to 1454.

Lower Open Ahead Of Earnings

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The beginning of earnings season weighed the markets down to a lower open with the Dow losing 45 points to 13,338. Nasdaq slipped 9 points to 3089. 

On the upside

Advanced Micro Devices (NYSE: AMD) introduced faster graphics processors and accelerated processing units for notebooks and tablets at the Consumer Electronics Show.

Perion Network (Nasdaq: PERI) forecast record fourth quarter revenue, lifted its full year guidance and expects 2013 revenue to surpass $110 million.

Shares of Peregrine Pharmaceuticals (Nasdaq: PPHM) continued rising after providing a positive update of on its lung cancer treatment bavituximab yesterday.

On the downside

GameStop (NYSE: GME) said that fourth quarter same store sales dropped and warned that current quarter earnings would fall at the low end of its previous guidance.
 
TheStreet affirmed its Sell rating on Nokia (NYSE: NOK).

Yum Brands (NYSE: YUM) warned that same store sales would tumble 6% due to problems with two chicken suppliers in China.

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 broader S&P 500 index lost 6 points to 1455.

Lower Close Ahead Of Earnings

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The markets closed lower with the Dow falling 50 points to 13,384 ahead of earnings. Nasdaq slipped 2 points to 3098. 

On the upside

Energy Capital Partners will take EnergySolutions (NYSE: ES) private for approximately $338.5 million.

Newcastle Investment (NYSE: NCT) will acquire an interest in Excess Mortgage Servicing Rights and will spin-off its residential assets.

Goldman Sachs, Credit Suisse and Roth Capital Partners all initiated coverage of SolarCity (Nasdaq: SCTY) with positive ratings.

On the downside

Canaccord Genuity downgraded Cree (Nasdaq: CREE) to a Hold rating.
 
December same store sales fell 2.2% for Rite Aid (NYSE: RAD).

Howard Weil downgraded Tesoro (NYSE: TSO) from a Focus Stock to a Market Outperform rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index slipped 4 points to 1461.

The markets extended its losses during the midday with the Dow dropping 79 points to 13,355 as investors braced for earnings reports beginning tomorrow after market close. Nasdaq fell 10 points to 3090. 

On the upside

Athenahealth (Nasdaq: ATHN) will pay a premium of approximately $292.2 million in cash to acquire Epocrates (Nasdaq: EPOC).

CombiMatrix (Nasdaq: CBMX) reported an impressive 172% fourth quarter growth and 171% full year growth in prenatal testing volumes.

Oracle Investment Research analyst Lawrence Balter expects rare earth metals firms to recover in 2013 and set a $50 price target on Molycorp (NYSE: MCP).

On the downside

Profit taking sank shares of SunPower (Nasdaq: SPWR) whose stock price soared last week on the sale of two solar power projects to MidAmerican Energy.
 
Seeking Alpha suggested shorting Suntech Power Holdings (NYSE: STP).

LDK Solar (NYSE: LDK) regained compliance with listing requirements for the New York Stock Exchange but the stock price slipped.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 8 points to 1457.

The markets opened lower with the Dow falling 52 points to 13,382 as lawmakers turned their attention to the debt ceiling. Nasdaq lost 7 points to 3093. 

On the upside

Peregrine Pharmaceuticals (Nasdaq: PPHM) reported upbeat results from an internal review of a Phase II trial of its second-line non-small cell lung cancer treatment bavituximab.

Nationstar Mortgage (NYSE: NSM) will pay approximately $1.3 billion to acquire the servicing rights to $215 billion worth of residential mortgage servicing rights from Bank of America (NYSE: BAC).

Shipments of Vivus' (Nasdaq: VVUS) weight loss drug Qsymia surged nearly 68% in December compared with November.

On the downside

Roche said that it was no longer interested in acquiring Illumina (Nasdaq: ILMN).
 
ITT Educational Services (NYSE: ESI) agreed to pay $46 million to settle a lawsuit with Sallie Mae.

Sequenom (Nasdaq: SQNM) reported unaudited preliminary operational results for 2012.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped 5 points to 1461.

The addition of 155,000 jobs to the nation's economy in December lifted the markets to a higher close with the Dow gaining 43 points to 13,435. Nasdaq edged up a point to 3101. 

On the upside

Motley Fool wrote that 2013 sales for DryShips (Nasdaq: DRYS) is expected to grow by 24.1%.

The Wall Street Journal reported that Supervalu (NYSE: SVU) was close to finalizing a deal to sell part of its business to Cereberus Capital Management.

A judged ordered Bank of America (NYSE: BAC) to unseal certain documents related to a lawsuit filed by MBIA (NYSE: MBI) against the bank.

On the downside

Third quarter earnings unexpectedly fell to a loss for Finish Line (Nasdaq: FINL) and the company forecast current quarter earnings below expectations.
 
BB&T Capital Markets downgraded Brown Shoe Co. (NYSE: BWS) to a Hold rating.

Shares of Millennial Media (NYSE: MM) fell after eMarketer said that growth of global mobile ad spending most likely peaked in 2012.

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 broader S&P 500 index climbed 7 points to 1466.

The markets traded modestly higher during the midday with the Dow rising 22 points to 13,413 as the nation's unemployment rate held steady. Nasdaq added 4 points to 3104. 

On the upside

Stifel Nicolaus upgraded Acme Packet (Nasdaq: APKT) to a Buy rating.

Five Star Equities noted that the Food and Drug Administration approved more new drugs in 2012 compared with 2011 and issued a research report on Peregrine Pharmaceuticals (Nasdaq: PPHM).

Harvest Natural Resources (NYSE: HNR) discovered oil at its Dussafu Tortue Marin-1 oil well off the coast of Gabon, West Africa.

On the downside

Silicon Image (Nasdaq: SIMG) lowered its revenue guidance for the fourth quarter.
 
Coinstar (Nasdaq: CSTR) announced the retirement of chief executive Paul Davis effective March 31 and will be replaced by chief financial officer J. Scott Di Valerio.

Barnes & Noble (NYSE: BKS) disappointed with a sharp 11% drop in holiday sales with its Nook business sales tumbling 13%.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 4 points to 1463.

The markets opened flat with the Dow holding steady at 13,391 as employers added 155,000 jobs in December. Nasdaq slipped 5 points to 3094. 

On the upside

Credit Suisse upgraded Alcatel-Lucent (NYSE: ALU) yesterday from an Underperform rating to Neutral.

Amicus Therapeutics (Nasdaq: FOLD) reported positive results from a Phase 2 study of its Pompe disease treatment AT2220.

Goldman Sachs upgraded Quiksilver (NYSE: ZQK) to a Buy rating.

On the downside

Accuray (Nasdaq: ARAY) reported lower preliminary revenue for the second quarter that fell short of expectations, warned of losses for the second quarter and forecast full year results below analyst estimates.
 
Credit Suisse analyst Christian Buss downgraded Lululemon Athletica (Nasdaq: LULU) to a Neutral rating.

Bill Barrett (NYSE: BBG) expects capital expenditures in 2013 to be between $475 million to $525 million.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index edged up a point to 1461.

The markets closed modestly lower with the Dow losing 21 points to 13,391 on mixed December retail sales. Nasdaq slipped 11 points to 3100. 

On the upside

Transocean (NYSE: RIG) agreed to pay $1.4 billion to settle civil and criminal charges for its role in the Deep Horizon oil rig explosion that killed 11 workers.

SunPower's (Nasdaq: SPWR) contract to supply MidAmerican Energy with two solar power projects lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL), Yingli Green Energy (NYSE: YGE) and Suntech Power (NYSE: STP).

Lexmark (NYSE: LXK) paid approximately $45 million in cash to acquire Acuo Technologies.

On the downside

Frost & Sullivan listed Fortinet (Nasdaq: FTNT) as the leader in the global Unified Threat Management space but the stock price fell.
 
Retreating gold prices weighed down shares of Goldcorp (NYSE: GG).

Masimo (Nasdaq: MASI) will present its iSpO2 pulse oximeter at the CES 2013 next week but the stock price dropped.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index slipped 3 points to 1459.

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The markets traded near the flatline with the Dow adding 4 points to 13,417 on mixed December retail sales. Nasdaq rose 4 points to 3116. 

On the upside

Amicus Therapeutics (Nasdaq: FOLD) will present at the 31st Annual J. P. Morgan Healthcare Conference on Wednesday, January 9, 2013.

Seeking Alpha wrote that Vringo (NYSE: VRNG) was a Strong Buy.

Shares of Herbalife (NYSE: HLF) climbed after Bill Ackman's Pershing Square Capital dropped its recommendation that General Growth (NYSE: GGP) sell itself. Ackman has accused Herbalife of being a pyramid scheme.

On the downside

Oppenheimer downgraded Allot Communications (Nasdaq: ALLT) and said that the company would likely miss fourth quarter expectations.
 
Limited Brands (NYSE: LTD) reported December same store sales that fell short of analyst estimates.

Hillshire Brands (NYSE: HSH) named Brian Davidson to the position of senior vice president, corporate strategy and development.

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 broader S&P 500 index added 2 points to 1464.

Lower Open On Profit Taking

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The markets opened lower with the Dow slipping 24 points to 13,388 as investors locked in profits from yesterday's fiscal cliff rally. Nasdaq added a point to 3113. 

On the upside

Alcatel-Lucent (NYSE: ALU) will demonstrate 12 new cloud-based service concepts at the CES 2013.

BG Medicine (Nasdaq: BGMD) received the CE Mark for its automated BGM Galectin-3 blood test.

SunPower (Nasdaq: SPWR) will supply Berkshire Hathaway's MidAmerican Energy Holdings with two solar power projects.

On the downside

Mellanox Technologies (Nasdaq: MLNX) cut its fourth quarter revenue guidance prompting a downgrade.
 
Family Dollar Stores (NYSE: FDO) disappointed with lower first quarter earnings that fell short of analyst expectations and forecast current quarter results below estimates.

Pershing Square Capital dropped its recommendation that General Growth Properties (NYSE: GGP) sell itself.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1461.

Markets Rally On Fiscal Cliff Deal

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Investors welcomed the last minute passage of a fiscal cliff deal by sending the markets soaring with the Dow rocketing 308 points to 13,412. Nasdaq jumped 92 points to 3112. 

On the upside

Republic Airways Holdings (Nasdaq: RJET) subsidiary Frontier Airlines announced fares as low as $39 one way.

Gevo (Nasdaq: GEVO) announced plans to repurchase up to $15 million worth of common stock.

Bargain hunters snapped up shares of Himax Technologies (Nasdaq: HIMX) whose stock price dropped after Seeking Alpha listed the company as one of eight stocks under $5 with troubling sales trends.

On the downside

Imation (NYSE: IMN) will pay approximately $120 million in cash and stock to acquire Nexsan.
 
Shares of Premier Exhibitions (Nasdaq: PRXI) fell ahead of its third quarter earnings release next week.

Tilly's (NYSE: TLYS) will present at the 15th Annual ICR XChange Conference on Wednesday, January 16, 2013.

In the broad market, advancing issues outpaced decliners by a margin of more than 12 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index leaped 36 points to 1462.

Markets Surge On Fiscal Cliff Deal

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The last minute passage of a fiscal cliff deal boosted the markets during the midday with the Dow leaping 226 points to 13,330. Nasdaq surged 67 points to 3087. 

On the upside

Synergy Pharmaceuticals (Nasdaq: SGYP) reported upbeat results from a late stage clinical trial of its chronic constipation treatment plecanatide.

Seeking Alpha recommended acquiring shares of Turquoise Hill Resources (NYSE: TRQ) on Monday.

LDK Solar (NYSE: LDK) announced the sale of LDK Anhui to Shanghai Qianjiang Group.

On the downside

Shares of Mindray Medical (NYSE: MR) fell after the re-election of two directors on Monday.
 
NTELOS Holdings (Nasdaq: NTLS) continued falling after Seeking Alpha raised concerns about the telecom's earnings growth and debt.

Oppenheimer warned that EMC (NYSE: EMC) would fall short of expectations for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of 12 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index advanced 24 points to 1450.

Passage of a fiscal cliff deal in both the House and Senate boosted investor enthusiasm on the first trading day of 2013. The markets surged to a sharply higher open with the Dow jumping 259 points to 13,363 while Nasdaq leaped 77 points to 3097. 

On the upside

Avis (Nasdaq: CAR) offered a premium of approximately $491.2 million to acquire car sharing company Zipcar (Nasdaq: ZIP).

Record annual casino revenue in Macau in 2012 lifted shares of Las Vegas Sands (NYSE: LVS).

Bloomberg reported that Hewlett-Packard (NYSE: HPQ) may shed underperforming business units.

Bloomberg wrote that Molycorp's (NYSE: MCP) low valuation made the rare earth metals producer an attractive acquisition.

On the downside

Jefferies downgraded Skullcandy (Nasdaq: SKUL) from a Buy rating to Underperform and slashed its price target from $17 to $6.
 
The sale of Dole Food's (NYSE: DOLE) worldwide packaged foods and Asia fresh businesses has been delayed to early 2013 as the company awaits regulatory approval in China.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 29 points to 1455.

U. S. Markets Closed

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U. S. markets are closed in observance of the New Year holiday.

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