March 2013 Archives

U. S. Markets Closed

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U. S. Markets are closed for Good Friday.

Higher Close As GDP Expands

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Jobless claims rose more than expected last week but the nation's economy expanded at a greater than expected annual pace of 0.4% in the fourth quarter. The markets closed higher with the Dow climbing 52 points to 14,578 while Nasdaq gained 11 points to 3267.

On the upside

Signet Jewelers (NYSE: SIG) reported higher fourth quarter earnings and revenue that topped analyst estimates and increased its quarterly dividend. 


Greenbrier (NYSE: GBX) announced the receipt of new orders for 5,400 railcars during the first three months of the year valued at approximately $575 million.

 

Gramercy Capital (NYSE: GKK) chief executive officer Gordon F. DuGan purchased 50,000 shares of company stock.


On the downside


Winnebago Industries (NYSE: WGO) reversed year ago losses to a profit for the second quarter but the stock price fell.


Blackberry (Nasdaq: BBRY) swung to a profit for the fourth quarter but the smartphone maker lost nearly 3 million subscribers.


Nokia (NYSE: NOK) must pay approximately $383 million in taxes to India.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index gained 6 points to 1569.

Markets Advance As Economy Expands

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The markets traded higher during the midday with the Dow rising 27 points to 14,553 as the nation's economy expanded at a greater than expected 0.4% annual rate in the fourth quarter. Nasdaq added 3 points to 3259.

On the upside

A Seeking Alpha article said that Himax Technologies (Nasdaq: HIMX) was at the forefront of the wearable device revolution. 


A Seeking Alpha contributor wrote that Athersys (Nasdaq: ATHX) had significant upside potential.

 

Powertec signed a memorandum of understanding with GT Advanced Technologies (Nasdaq: GTAT) to buy polysilicon technology and equipment from GT.


On the downside


The Environmental Protection Agency issued 2013 and 2014 allowances for HCFC that Hudson Technologies (Nasdaq: HDSN) deemed too low.


Southcross Energy Partners (NYSE: SXE) fell to a loss for the fourth quarter and cut its 2013 revenue guidance.


Aegion (Nasdaq: AEGN) blamed project delays for lowering is first quarter earnings outlook.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 index edged up a fraction to 1563.

The nation's economy grew at a greater than expected 0.4% pace to lift the markets to a higher open with the Dow rising 24 points to 14,550. Nasdaq eased a point to 3255.

On the upside

Repros Therapeutics (Nasdaq: RPRX) reported positive results from a first pivotal study of its secondary hypogonadism treatment Androxal. 


Shares of Pinnacle Foods (NYSE: PF) soared in its market debut.

 

Cell Therapeutics (Nasdaq: CTIC) entered a loan agreement of up to $15 million from Hercules Technology Growth Capital (NYSE: HTGC).


On the downside


Tumi Holdings (NYSE: TUMI) priced its secondary offering of 10.14 million common shares at the discounted price of $21.10 per share.


RAIT Financial Trust (NYSE: RAS) increased its public offering to 8 million common shares and priced the offering at a discount of $7.87 per share.


PVH (NYSE: PVH) reported higher fourth quarter earnings but the company forecast 2013 earnings below expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 index edged up a fraction to 1563.

The markets closed lower with the Dow losing 33 points to 14,526 as banks in Cyprus prepared to reopen on Thursday. Nasdaq added 4 points to 3256.

On the upside

The South African Court of Appeal upheld a contract between Net 1 UEPS Technologies (Nasdaq: UEPS) and the South African Social Security Agency. 


Shah Capital Management offered a premium of approximately $3.20 per share to take UTStarcom Holdings (Nasdaq: UTSI) private.

 

Barclays analyst Anthony DiClemente upgraded AOL (NYSE: AOL) to an Overweight rating.


On the downside


Tumi Holdings (NYSE: TUMI) announced a secondary offering of 10.14 million common shares.


Profit taking sank shares of Opexa Therapeutics (Nasdaq: OPXA).


Pacific Crest analyst Andy Hargreaves lowered his lowered his second quarter sales estimates for Apple's (Nasdaq: AAPL) iPhone and iPad.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1562.

The markets traded lower during the midday with the Dow losing 37 points to 14,522 as pending home sales edged down in February. Nasdaq slipped 5 points to 3247.

On the upside

On Monday, Revolution Lighting Technologies (Nasdaq: RVLT) introduced its new 15 watt tube lamp that is the most energy efficient four foot T8 lamp on the market. 


Comstock Holdings (Nasdaq: CHCI) narrowed fourth quarter losses and forecast a profit for 2013.

 

Mattress Firm Holding (Nasdaq: MFRM) reported lower fourth quarter earnings but company forecast full year revenue ahead of estimates.


On the downside


Shares of Molycorp (NYSE: MCP) continued falling after announcing the departure of chief technology officer John L. Burba Ph.D. yesterday.


CLSA initiated coverage of Rackspace Hosting (NYSE: RAX) with an Underperform rating.


Investors locked in profits on LogMeIn (Nasdaq: LOGM), whose stock price climbed yesterday after winning a patent case.

  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 1560.

Concerns about Cyprus weighed the markets down to a lower open with the Dow dropping 78 points to 14,480. Nasdaq fell 20 points to 3232.

On the upside

A Seeking Alpha contributor expects the Food and Drug Administration to approve Chelsea Therapeutics' (Nasdaq: CHTP) symptomatic neurogenic hypotension in Parkinson's disease treatment Northera. 


SAIC (NYSE: SAIC) reversed year ago losses to post a profit for the fourth quarter and the company declared a special dividend.

 

Mad Money's Jim Cramer said that Diana Shipping (NYSE: DSX) was poised to rebound.


On the downside


Morgan Stanley downgraded Cliffs Natural Resources (NYSE: CLF) to an Underweight rating.


Francesca's Holdings (Nasdaq: FRAN) announced a secondary offering of more than 7.39 million common shares.


Aastrom Biosciences (Nasdaq: ASTM) will end development of its critical limb ischemia treatment.

  

In the broad market, declining issues outpaced advancers by a margin of 3 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 index lost 8 points to 1555.

Upbeat economic data lifted the markets to a sharply higher close with the Dow soaring 111 points to 14,559. Nasdaq climbed 17 points to 3252.

On the upside

Quicksilver Resources (NYSE: KWK) said that fourth quarter and full year earnings and revenue were higher than originally reported last month. 


A federal jury found that LogMeIn (Nasdaq: LOGM) did not infringe on a 01 Communique patent.

 

MPG Office Trust (NYSE: MPG) founder Robert F. Maguire III will make a bid to acquire office buildings in Los Angeles that are owned by the trust.


On the downside


Gordmans Stores (Nasdaq: GMAN) reported lower fourth quarter earnings prompting a downgrade.


Molycorp (NYSE: MCP) chief technology officer John L. Burba Ph.D. departed the rare earth metals company.


Shares of PGT (Nasdaq: PGTI) continued falling after majority shareholder JLL Partners Fund IV filed paperwork last week for a possible sale of up to 35 million shares in the window and door maker.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index climbed 12 points to 1563.

Rising Home Prices Lift Markets

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Rising home prices boosted the markets during the midday with the Dow climbing 89 points to 14,537. Nasdaq gained 11 points to 3246.

On the upside

A Seeking Alpha contributor expects Opexa Therapeutics (Nasdaq: OPXA) to climb in both the short term as well as the long term. 


PokerTek (Nasdaq: PTEK) renewed and extended its contract with Carnival (NYSE: CCL) through December 2017.

 

Just Energy (NYSE: JE) expects to report earnings of $1.57 per share in fiscal 2014.


On the downside


Glancy Binkow & Goldberg filed a class action lawsuit against Affymax (Nasdaq: AFFY) for issuing false and misleading statements.


A Seeking Alpha contributor raised concerns about Amarin's (Nasdaq: AMRN) sales strategy for its recently approved fish oil product Vascepa.


Several law firms are seeking lead plaintiffs for securities fraud class action lawsuits against Star Scientific (Nasdaq: STSI).

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners barely edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index climbed 8 points to 1560.

Durable goods orders jumped 5.7% in February to lift the markets to a sharply higher open with the Dow soaring 94 points to 14,542. Nasdaq rose 12 points to 3247.

On the upside

Oppenheimer upgraded RF Micro Devices (Nasdaq: RFMD) to an Outperform rating. 


Bernstein expects Blackberry (Nasdaq: BBRY) to report improved fourth quarter margins.

 

Second quarter earnings for Sonic (Nasdaq: SONC) more than doubled.


On the downside


Ziopharm Oncology (Nasdaq: ZIOP) ended development of its soft tissue sarcoma treatment palifosfamide after it failed a late stage clinical trial.


Calumet Specialty Products Partners (Nasdaq: CLMT) priced its public offering of 5.25 million common units at the discounted price of $37.50 per unit.


AuRico Gold (NYSE: AUQ) fell to a loss for the fourth 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 broader S&P 500 index gained 8 points to 1559.

Comments by Eurogroup president Jeroen Dijsselbloem that the Cyprus bailout plan of tapping bank shareholders and bondholders to finance a bailout package could be a model for other struggling nations sent the markets tumbling to a lower close with the Dow dropping 64 points to 14,447. Nasdaq fell 9 points to 3235.

On the upside

Canaccord Genuity analyst Jonathan Dorsheimer upgraded Veeco Instruments (Nasdaq: VECO) to a Buy rating. 


ZaZa Energy (Nasdaq: ZAZA) formed a joint venture to develop its Eaglebine assets and announced plans to sell 10,000 acres of property in Texas.

 

Needham initiated coverage of Galena Biopharma (Nasdaq: GALE) with a Buy rating.


On the downside


Profit taking sank shares of Halozyme Therapeutics (Nasdaq: HALO) whose stock price soared on Friday after receiving a Positive Opinion from the European Medicines Agency.


USG (NYSE: USG) amended its stockholder rights plan.


PGT (Nasdaq: PGTI) majority shareholder JLL Partners Fund IV LP may sell part of its 62% stake in the residential window and door maker.

  

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index lost 5 points to 1551.

The markets turned negative during the midday with the Dow falling 51 points to 14,460 as investors digested details of the Cyprus bailout deal. Nasdaq lost 7 points to 3252.

On the upside

Japanese regulators approved the use of Stereotaxis' (Nasdaq: STXS) Niobe remote magnetic technology for cardiac ablations. 


Piper Jaffray upgraded Array BioPharma (Nasdaq: ARRY) to an Overweight rating.

 

IAMGOLD (NYSE: IAG) adopted an advance notice by-law for director nominations.


On the downside


Alcatel-Lucent (NYSE: ALU) will introduce a new Software Defined Networking vision through a live webcast on April 2.


Bankruptcy concerns weighed down shares of Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).


Raymond James downgraded Red Hat (NYSE: RHT) to a Market Perform rating.

  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1554.

The markets opened higher with the Dow rising 16 points to 14,528 after Cyprus reached a deal with the European Union to secure a bailout. Nasdaq added 7 points to 3252.

On the upside

Apollo Group (Nasdaq: APOL) reported sharply lower second quarter earnings as enrollment fell but the results were better than expected. 


Dollar General (NYSE: DG) reported higher fourth quarter earnings that beat analyst expectations.

 

Mad Money's Jim Cramer rated Acadia Pharmaceuticals (Nasdaq: ACAD) a Buy.


On the downside


The Patent Office ruled that Idenix Pharmaceuticals (Nasdaq: IDIX) was the junior party in a patent dispute with Gilead Sciences (Nasdaq: GILD).


Goldman Sachs downgrade BlackBerry (Nasdaq: BBRY) to a Neutral rating.


BMO Capital Markets downgraded J.C. Penney (NYSE: JCP) to an Underperform rating.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index rose 4 points to 1561.

Optimism that a bailout deal will be approved in Cyprus lifted the markets to a sharply higher close with the Dow climbing 90 points to 14,512. Nasdaq gained 22 points to 3245.

On the upside

A Seeking Alpha contributor expects Rockwell Medical (Nasdaq: RMTI) to report positive results from a Phase III study of its iron deficiency treatment Soluble Ferric Pyrophosphate in July. 


Diana Shipping (NYSE: DSX) filed its 2012 Annual Report on Form 20-F today.

 

Nordic American Tankers (NYSE: NAT) continued rising after announcing the acquisition of a double-hull Suezmax tanker after market close on Wednesday.


On the downside


A disappointing launch of the BlackBerry (Nasdaq: BBRY) Z10 sent shares of the smartphone maker tumbling.


AK Steel (NYSE: AKS) warned that it will ship sequentially lower tons of steel in the first quarter.


The Committee for Medicinal Products for Human Use of the European Medicines Agency maintained its negative opinion on Isis Pharmaceuticals' (NYSE: ISIS) Homozygous Familial Hypercholesterolaemia treatment KYNAMRO.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index climbed 11 points to 1556.

Markets Extend Gains At Midday

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The markets extended its gains during the midday with the Dow gaining 81 points to 14,503 as Cyprus lawmakers prepared to vote on a new plan to secure bailout funds. Nasdaq climbed 22 points to 3245.

On the upside

Shares of Marin Software (NYSE: MRIN) soared in its market debut. 


The European Medicines Agency granted a Positive Opinion for Halozyme Therapeutics (Nasdaq: HALO) and Baxter International (NYSE: BAX) for the use of HyQvia to treat primary and secondary immunodeficiencies.

 

Shares of Supervalu (NYSE: SVU) continued rising after completing the sale of five of its grocery store chains yesterday.


On the downside


Profit taking sank shares of Acadia Pharmaceuticals (Nasdaq: ACAD).


Shares of Walter Investment (NYSE: WAC) continued falling after posting a sharply wider fourth quarter loss earlier this week.


Nationstar Mortgage Holdings (NYSE: NSM) priced its offering of $200 million in senior notes.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index climbed 9 points to 1555.

The markets opened higher with the Dow climbing 76 points to 14,498 as Cyrpus announced that a deal was near to secure bailout funds. Nasdaq gained 15 points to 3237.

On the upside

Micron Technology (Nasdaq: MU) reported a loss for the second quarter but the results were better than expected. 


Third quarter earnings soared for Nike (NYSE: NKE) to beat analyst expectations.

 

Anacor Pharmaceuticals (Nasdaq: ANAC) reported positive results from a midstage clinical trial of its atopic dermatitis treatment AN2728.


On the downside


Tibco Software (Nasdaq: TIBX) reported sharply lower first quarter earnings as revenue fell short of expectations.


Arbor Realty Trust (NYSE: ABR) priced its offering of 5.625 million common shares at the discounted price of $8 per share.


Nomura downgraded Informatica (NYSE: INFA) to a Neutral rating.

  

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 gained 8 points to 1554.

Disappointing earnings from Oracle along with concerns about European debt sent the markets tumbling to a sharply lower close with the Dow plunging 90 points to 14,421. Nasdaq dropped 31 points to 3222.

On the upside

Shares of Enanta Pharmaceuticals (Nasdaq: ENTA) leaped in its market debut. 


Bargain hunters lifted shares of Harvest Natural Resources (NYSE: HNR), whose stock price has tumbled since announcing accounting errors on Tuesday that may force the company to restate financials going back to 2010.

 

Herman Miller (Nasdaq: MLHR) reported higher third quarter earnings that beat expectations as revenue rose.


On the downside


Cimatron (Nasdaq: CIMT) priced its secondary public offering of 2.5 million common shares at the discounted price of $5.25 per share.


Shares of Dex One (NYSE: DEXO) continued falling after filing for Chapter 11 bankruptcy protection on Monday.


Movado Group (NYSE: MOV) reported lower fourth quarter earnings and forecast 2014 earnings below expectations.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index dropped 12 points to 1545.

Concerns about corporate earnings weighed the markets down during the midday with the Dow losing 53 points to 14,458. Nasdaq fell 22 points to 3231.

On the upside

Shares of Aviv REIT (NYSE: AVIV) soared in its market debut. 


Affymax (Nasdaq: AFFY) extended its gains after a Seeking Alpha article said yesterday that the biopharmaceutical would successfully address safety concerns of its anemia treatment Omontys.

 

Butamax acknowledged that Gevo (Nasdaq: GEVO) did not infringe on its patents.


On the downside


Scholastic (Nasdaq: SCHL) widened third quarter losses and cut its full year outlook.


Guess (NYSE: GES) reported lower fourth quarter earnings and forecast current quarter and full year results well below analyst expectations.


Tumi Holdings (NYSE: TUMI) reported higher fourth quarter earnings but revenue missed estimates and the company forecast full year earnings that fell short of expectations.

  

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index lost 6 points to 1552.

Disappointing earnings weighed the markets down to a lower open with the Dow falling 74 points to 14,436. Nasdaq dropped 23 points to 3230.

On the upside

ACADIA Pharmaceuticals (Nasdaq: ACAD) reported upbeat results from a Phase III-020 study of its Parkinson's disease psychosis treatment pimavanserin. 


Raymond James upgraded Weatherford International (NYSE: WFT) to an Outperform rating.

 

Supervalu (NYSE: SVU) completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores to AB Acquisition in a stock deal valued at approximately $3.3 billion.


On the downside


Oracle (Nasdaq: ORCL) disappointed with flat third quarter earnings as revenue fell to miss analyst expectations.


Ballard Power Systems (Nasdaq: BLDP) priced its offering of 7.275 units at the discounted price of $1.10 per unit.


Jabil Circuit (NYSE: JBL) reported lower second quarter earnings that fell short of expectations.

  

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index fell 9 points to 1549.

The Federal Reserve will continue purchasing bonds to sustain the economy which lifted the markets to a higher close with the Dow rising 55 points to 14,511. Nasdaq soared 25 points to 3254.

On the upside

Shares of Model N (NYSE: MODN) surged on its first trading day. 


Sterne Agee analyst Henry J. Coffey Jr. upgraded Walter Investment Management (NYSE: WAC) to a Buy rating.

 

Toll Brothers (NYSE: TOL) sold 21 units of its new 22-unit Touraine condominium project in Manhattan that will open in May, 2012.


On the downside


Shares of Maxwell Technologies (Nasdaq: MXWL) continued falling after Morgan & Morgan joined a growing list of law firms filing class action lawsuits against Maxwell for making false and misleading statements on financial reports.


Harvest Natural Resources (NYSE: HNR) extended its losses after announcing yesterday that it may have to restate financials going back three years due to accounting errors.


Rockwell Medical (Nasdaq: RMTI) announced a registered direct offering to sell 4.3 million common shares at the discounted price of $3.00 per share.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 10 points to 1558.

Investors lifted the markets higher during the midday with the Dow gaining 60 points to 14,516 ahead of comments by Federal Reserve chairman Ben Bernanke. Nasdaq climbed 18 points to 3248.

On the upside

Williams-Sonoma (NYSE: WSM) reported higher fourth quarter earnings that beat analyst expectations and announced an increase to its quarterly dividend. 


Cobalt International Energy (NYSE: CIE) announced extensive oil results from a Shenandoah #2R appraisal well in the Gulf of Mexico.

 

A Seeking Alpha contributor expects Affymax (Nasdaq: AFFY) to successfully address side effects to Omontys and that Omontys will return to market.


On the downside


BioLineRx (Nasdaq: BLRX) will discontinue a Phase II/III CLARITY study of its schizophrenia treatment BL-1020.


A Seeking Alpha contributor noted that Chesapeake Granite Wash Trust (NYSE: CHKR) reported a sharp drop in the present value of proved reserves.


Cintas (Nasdaq: CTAS) reported lower third quarter earnings that fell short of analyst expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index gained 8 points to 1557.

The markets opened sharply higher with the Dow soaring 83 points to 14,538 as investors await comments by Federal Reserve chairman Ben Bernanke later today. Nasdaq surged 21 points to 3250.

On the upside

Valeant Pharmaceuticals (NYSE: VRX) will pay a premium of $19.75 per share to acquire Obagi Medical Products (Nasdaq: OMPI). 


Morgan Stanley upgraded BlackBerry (Nasdaq: BBRY) to an Overweight rating.

 

A federal judge ruled that Gevo (Nasdaq: GEVO) did not infringe on a Butamax Advanced Biofuels patent under the doctrine of equivalents.


On the downside


FedEx (NYSE: FDX) disappointed with lower third quarter earnings that fell short of analyst expectations and lowered its full year guidance.


New Mountain Finance (NYSE: NMFC) priced its public offering of 2 million primary shares and 4 million secondary shares at the discounted price of $14.30 per share.


Stanford Research downgraded Cemig (NYSE: CIG) to a Hold rating.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 9 points to 1557.

The markets closed flat with the Dow adding 3 points to 14,455 after Cyprus lawmakers rejected a bank deposit tax that would have funded a bailout of the island nation. Nasdaq slipped 8 points to 3229.

On the upside

Chiquita Brands International (NYSE: CQB) chief executive Edward F. Lonergan purchased 50,800 shares of company stock. 


Skullcandy (Nasdaq: SKUL) named Nike digital sport general manager Hoby Darling as its new president and chief executive.

 

Shares of Primo Water (Nasdaq: PRMW) rose ahead of its earnings release after market close.


On the downside


The U.S. Attorney's Office launched an investigation into Star Scientific (Nasdaq: STSI) securities transactions.


Walter Investment Management (NYSE: WAC) widened fourth quarter losses more than expected.


Goldman Sachs analyst Sal Tharani affirmed his Sell rating on Cliffs Natural Resources (NYSE: CLF) and cut his price target from $24 to $20.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index lost 3 points to 1548.

The markets retreated during the midday with the Dow slipping 25 points to 14,427 as Cyrpus modified details of a plan to tax bank deposits. Nasdaq lost 13 points to 3224.

On the upside

Jefferies initiated coverage of ACADIA Pharmaceuticals (Nasdaq: ACAD) with a Buy rating. 


eFuture (Nasdaq: EFUT) reversed year ago losses to post a profit for the fourth quarter.

 

Lattice Semiconductor (Nasdaq: LSCC) lifted its first quarter revenue guidance.


On the downside


Electronic Arts (Nasdaq: EA) chief executive John Riccitiello will leave the company on March 30.


Cardinal Health's (NYSE: CAH) contract to supply pharmaceutical products to Walgreen (NYSE: WAG) was not renewed.


Goldman Sachs downgraded Juniper Networks (NYSE: JNPR) to a Sell rating.

  

In the broad market, declining issues outpaced advancers 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 fell 6 points to 1545.

February housing starts rose 0.8% to lift the markets to a higher open with the Dow gaining 50 points to 14,502. Nasdaq rose 10 points to 3247.

On the upside

AmerisourceBergen (NYSE: ABC) entered a ten-year distribution contract with Walgreen (NYSE: WAG). 


NPS Pharmaceuticals (Nasdaq: NPSP) paid $50 million in stock to repurchase the worldwide rights to teduglutide and recombinant human parathyroid hormone 1-84 from Takeda Pharmaceutical.

 

An increase in February housing starts lifted shares of Hovnanian Enterprises (NYSE: HOV).


On the downside


Affymax (Nasdaq: AFFY) will eliminate 75% of its jobs due to the recall of its anemia treatment Omontys and may explore the possibility of a sale or file for bankruptcy protection.


Harvest Natural Resources (NYSE: HNR) may have to restate financial results for the past three years due to accounting errors and the company warned of losses for 2012.


Hospital Properties Trust (NYSE: HPT) priced its offering of 14 million common shares at the discounted price of $25.55 per share.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index added 3 points to 1555.

Cyprus proposed a one-time tax on all bank deposits in order to pay for a bailout of their troubled financial sector. The markets closed lower with the Dow dropping 62 points to 14,452 while Nasdaq fell 11 points to 3237.

On the upside

Wall Street Journal reported that Liberty Media (Nasdaq: LMCA) was finalizing a deal to pay approximately $2.5 billion to acquire a 25% stake in Charter Communications (Nasdaq: CHTR). 


RAIT Financial Trust (NYSE: RAS) will pay a higher first quarter dividend of 12 cents per common share on April 30, 2013 to shareholders of record April 3, 2013.

 

Swisher Hygiene (Nasdaq: SWSH) reported a wider loss for the third quarter but revenue rose.


On the downside


Three Ambow Education Holding (NYSE: AMBO) directors resigned citing disagreements with management.


LDK Solar (NYSE: LDK) director Liangbao Zhu resigned.


Shares of Parkervision (NYSE: PRKR) fell ahead of its earnings release after market close.

  

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 8 points to 1552.

A proposed tax on Cyprus bank depositors weighed the markets down during the midday with the Dow slipping 20 points to 14,493. Nasdaq lost 6 points to 3242.

On the upside

Jefferies & Co. analyst Brian Fitzgerald upgraded ValueClick (Nasdaq: VCLK) to a Buy rating. 


Technology blog GigaOM wrote last week that IBM (NYSE: IBM) was exploring the possibility of purchasing Rackspace Hosting (NYSE: RAX).

 

New Oriental Education & Technology (NYSE: EDU) rose on acquisition speculation.


On the downside


Shares of ReneSola (NYSE: SOL) continued falling after reporting a wider fourth quarter loss last week.


MPM Funds and Sanderling Venture Funds sold shared of Pacira Pharmaceuticals (Nasdaq: PCRX) last week.


Shares of Yingli Green Energy (NYSE: YGE) fell on news that China may reduce subsidies to the solar industry.

  

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index lost 5 points to 1555.

Lower Open On Cyprus Concerns

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The markets opened lower with the Dow losing 38 points to 14,476 over concerns that protests will erupt from Cyprus' decision to tax bank depositors in order to fund a bailout of the financial system. Nasdaq fell 15 points to 3233.

On the upside

Northland Capital Markets analyst Darren Aftahi upgraded Glu Mobile (Nasdaq: GLUU) to an Outperform rating. 


Oppenheimer said that J.C. Penney (NYSE: JCP) successfully launched its new Joe Fresh shops inside 683 of its department stores.

 

Celsion (Nasdaq: CLSN) reported disappointing results from a Phase III clinical trial of its ThermoDox in combination with RFA in treating patients with primary liver cancer but the company will continue monitor patients for overall survival and the company will continue Phase II studies in breast cancer and colorectal cancer metastasis patients.


On the downside


A myelofibrosis patient treated with Incyte's (Nasdaq: INCY) ruxolitinib developed progressive multifocal leukoencephalopathy.


Profit taking sank shares of Helmerich & Payne (NYSE: HP).


Shares of Velti (NYSE: VELT) continued falling after posting an unexpected loss for the fourth quarter last week.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index fell 8 points to 1552.

The Dow's ten-day run of record highs ended with the blue chip index falling 25 points to close at 14,514 as consumer sentiment unexpectedly dropped. Nasdaq lost 9 points to 3249.

On the upside

Shares of Glu Mobile (Nasdaq: GLUU) continued rising after introduced its latest fantasy role-playing game Heroes of Destiny yesterday. 


Ambow Education (NYSE: AMBO) received an acquisition offer.

 

W. P. Carey (NYSE: WPC) increased its quarterly dividend by 24% to $0.82 per share payable on April 15, 2013 to shareholders of record March 28, 2013.


On the downside


Team (NYSE: TISI) cut its full year earnings and revenue outlook.


Blyth (NYSE: BTH) fell to a fourth quarter loss as revenue slipped and the company forecast lower 2013 earnings.


Fabrinet (NYSE: FN) priced its secondary offering of 3.8 million common shares at the discounted price of $14 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 slipped 2 points to 1560.

A drop in consumer sentiment weighed the markets down during the midday with the Dow losing 36 points to 14,502. Nasdaq slipped 6 points to 3252.

On the upside

Research Driven Investing wrote that Alpha Natural Resources (NYSE: ANR) will benefit from rising imports of coal in China. 


Rosetta Resources (Nasdaq: ROSE) will pay approximately $768 million to acquire Comstock Resources' (NYSE: CRK) Permian Basin property in Texas.

 

Progenics Pharmaceuticals (Nasdaq: PGNX) narrowed fourth quarter losses more than expected as revenue surged.


On the downside


Aeropostale (NYSE: ARO) fell to a loss for the fourth quarter and warned of losses for the current quarter.


Shares of MEMC Electronic Materials (NYSE: WFR) extended its losses after warning of lower solar prices on Wednesday.


3D Systems (NYSE: DDD) co-founder and chief technology officer Charles Hull sold more than half his stake in the 3D printer company.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped 2 points to 1560.

Consumer prices climbed 0.7% in February due to higher gasoline prices. The markets opened lower with the Dow falling 54 points to 14,484 while Nasdaq lost 13 points to 3245.

On the upside

DirecTV (Nasdaq: DTV) withdrew from the auction to acquire Vivendi's Brazilian business GVT. 


Bank of America (NYSE: BAC) will repurchase up to $5 billion in common shares and redeem up to $5.5 billion in preferred stock.

 

CenterPoint Energy (NYSE: CNP) will form a limited partnership with OGE Energy (NYSE: OGE) and ArcLight Capital Partners.


On the downside


Ulta Beauty (Nasdaq: ULTA) reported higher fourth quarter earnings and revenue that topped analyst estimates but the company forecast current quarter results below expectations prompting a downgrade.


Great Lakes Dredge & Dock (Nasdaq: GLDD) must restate second and third quarter financial reports and announced the resignation of president and chief operating officer Bruce Biemeck.


Carnival (NYSE: CCL) swung to a profit for the first quarter but the cruise line operator trimmed its full year revenue forecast.

  

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 6 points to 1556.

The Dow set a record close for the tenth day in a row by climbing 83 points to 14,539 as jobless claims fell. Nasdaq gained 13 points to 3258.

On the upside

Acquisition rumors lifted shares of CommVault Systems (Nasdaq: CVLT). 


Dynegy (NYSE: DYN) widened fourth quarter losses but the energy company announced plans to acquire Ameren's (NYSE: AEE) merchant generation business Ameren Energy Resources.

 

Vipshop (NYSE: VIPS) will raise $96 million through the sale of 4 million American depositary shares at $24 per share.


On the downside


Velti (Nasdaq: VELT) extended its losses after posting an unexpected fourth quarter loss Tuesday after market close and forecasting current quarter results below expectations.


Delcath Systems (Nasdaq: DCTH) disappointed with a loss for the fourth quarter.


U.S. Silica Holdings (NYSE: SLCA) priced its public offering of 8.5 million common shares at the discounted price of $22 per share.

  

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 climbed 8 points to 1563.

The markets advanced during the midday with the Dow gaining 64 points to 14,519 as first time applications for unemployment benefits fell. Nasdaq climbed 11 points to 3256.

On the upside

Private investment firm Tracinda, which already owns an 18.6% stake in MGM Resorts International (NYSE: MGM), may increase its holdings to 25%. 


Flotek Industries (NYSE: FTK) announced a letter of intent to jointly build a chemistry production facility and a research and development laboratory with Gulf Energy in Sultanate of Oman.

 

A Seeking Alpha contributor wrote that Ultra Petroleum (NYSE: UPL) was undervalued.


On the downside


Vera Bradley (Nasdaq: VRA) reported higher fourth quarter earnings but the accessories retailer forecast current quarter results well below analyst expectations.


Cliffs Natural Resources (NYSE: CLF) will temporarily stop production at its Wabush Pointe Noire pellet plant in order to save money.


Analysts expect LDK Solar (NYSE: LDK) to post a loss for the fourth quarter on sharply lower revenue.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index gained 6 points to 1560.

A drop in jobless claims lifted the markets to a higher open with the Dow climbing 52 points to 14,507. Nasdaq gained 9 points to 3254.

On the upside

Sinovac Biotech (Nasdaq: SVA) reported positive results from a late stage clinical trial of its hand, foot and mouth disease vaccine Enterovirus. 


The Men's Wearhouse (NYSE: MW) retained the services of Jefferies & Co. to explore strategic alternatives for its discount retailer unit K&G

 

Ballard Power Systems' (Nasdaq: BLDP) fuel cell will power ten clean energy buses in Aberdeen, Scotland.


On the downside


Citadel will sell its 27.4 million shares of E*Trade (Nasdaq: ETFC).


Anadigics (Nasdaq: ANAD) priced its public offering of 10 million common shares at the discounted price of $2.00 per share.


SandRidge Energy (NYSE: SD) agreed to add four directors nominated by 7.3% owner TPG-Axon which could lead to firing of chief executive Tom Ward.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 1559.

The markets closed modestly higher with the Dow adding 5 points to 14,455 as February retail sales rose more than expected. Nasdaq rose 2 points to 3245.

On the upside

BlackBerry (Nasdaq: BBRY) received an order for 1 million BlackBerry 10 smartphones. 


Stifel Nicolaus upgraded DreamWorks (Nasdaq: DWA) from a Sell rating to a Hold rating.


Trius Therapeutics (NYSE: TSRX) widened fourth quarter losses less than expected.


On the downside


Dole Food (NYSE: DOLE) fell to a greater than expected loss for the fourth quarter as revenue dropped.


Western Refining (NYSE: WNR) priced its private offering of $350 million in senior unsecured notes.


McEwen Mining (NYSE: MUX) announced results from metallurgical studies of its Los Azules Copper Project in Argentina.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index rose 2 points to 1554.

Upbeat Retail Sales Lift Markets

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A greater than expected 1.1% gain in February retail sales lifted the markets during the midday with the Dow rising 10 points to 14,460. Nasdaq added 2 points to 3244.

On the upside

UBS upgraded Walgreen (NYSE: WAG) from a Neutral rating to a Buy rating. 


Shares of Heckmann (NYSE: HEK) continued rising after reporting an unexpected profit for the fourth quarter yesterday.


National Financial Partners (NYSE: NFP) is exploring the possible sale of the wealth management services firm.


On the downside


MEMC Electronic Materials (NYSE: WFR) warned of lower prices for solar energy in 2013 and announced a possible name change to SunEdison.


TheStreet Ratings downgraded America Movil (NYSE: AMX) from a Buy rating to a Hold rating.


The New York Times reported that the local government of Wuxi, China will take over Suntech Power Holdings (NYSE: STP).

  

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1554.

February retail sales rose more than expected due to higher gas prices. The markets opened lower with the Dow losing 25 points to 14,424 while Nasdaq slipped 6 points to 3235.

On the upside

Silver Spring Networks (NYSE: SSNI) soared in its market debut. 


WMware (NYSE: VMW) will extend its software-defined data center and expand its hybrid cloud service.


BG Medicine (Nasdaq: BGMD) narrowed fourth quarter losses as revenue surged.


On the downside


Spectrum Pharmaceuticals (Nasdaq: SPPI) warned that first quarter sales of its chemotherapy side effects treatment Fusilev will drop.


Express (NYSE: EXPR) reported higher fourth quarter earnings and revenue but the clothing retailer forecast current quarter and full year earnings that fell far short of analyst expectations.


Velti (Nasdaq: VELT) fell to a loss for the fourth quarter and forecast current quarter and full year revenue well below expectations.

  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1550.

The markets closed mixed with the Dow adding 2 points to 14,450 as Congress continued to wrestle with the budget. Nasdaq fell 10 points to 3242.

On the upside

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


Fourth quarter earnings surged for Endeavour Silver (NYSE: EXK).


Cabela's (NYSE: CAB) expects to report first quarter earnings ahead of analyst expectations.


On the downside


Diamond Foods (Nasdaq: DMND) swung to a profit for the second quarter but the results fell short of analyst expectations.


Two founders of Yandex (Nasdaq: YNDX) sold shares in the company.


Sterne Agee downgraded EverBank (NYSE: EVER) from a Buy rating to a Neutral rating.

  

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped 3 points to 1552.

Concerns about the viability of the House Republican budget proposal weighed the markets down during the midday with the Dow easing a point to 14,445. Nasdaq lost 16 points to 3236.

On the upside

OCZ Technology (Nasdaq: OCZ) entered a $30 million loan agreement with Hercules Technology Growth Capital. 


VeriFone Systems (NYSE: PAY) chief executive Douglas Bergeron resigned.


Rumors circulated that J.C. Penney (NYSE: JCP) chief executive Ron Johnson was resigning but the department store operator denied the rumors.


On the downside


Profit taking sank shares of China Auto Logistics (Nasdaq: CALI).


AVG Technologies (NYSE: AVG) hired Schweichler Price Mullarkey & Barry to recruit a new chief executive for the Internet security solutions provider.


Suntech Power (NYSE: STP) will close a solar panel manufacturing plant in Arizona.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 3 points to 1552.

The markets opened mixed with the Dow rising 22 points to 14,469 while Nasdaq slipped 3 points to 3249 after House Republicans presented their budget.

On the upside

Glu Mobile (Nasdaq: GLUU) launched a real money mobile slot game in the UK. 


An independent monitoring panel will allow Merck (NYSE: MRK) to continue a study of its cholesterol medication Vytorin.


Heckmann (NYSE: HEK) reversed year ago losses to post an unexpected profit for the fourth quarter and announced plans to change its name to Nuverra Environmental Solutions.


On the downside


CommonWealth REIT (NYSE: CWH) sold all 9.95 million common shares of Government Properties Income Trust (NYSE: GOV) that it owns.


Citigroup downgraded Red Hat (NYSE: RHT) from a Buy rating to Neutral and lowered its price target from $64 to $56.


Lexington Realty Trust (NYSE: LXP) priced its public offering of 20 million common shares at the discounted price of $11.70.

  

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1556.

The markets closed higher with the Dow gaining 50 points to 14,447 as investors barely felt the impact of mandatory federal budget cuts that began this month. Nasdaq rose 8 points to 3252.

On the upside

A Seeking Alpha contributor expects China Auto Logistics (Nasdaq: CALI) to soar in March. 


Shares of MannKind (Nasdaq: MNKD) continued rising after a Seeking Alpha contributor wrote last week that the biopharmaceutical had the potential to be the best performing stock of the year.


Tetra Technologies (NYSE: TTI) chief financial officer Elijio V. Serrano purchased 11,000 shares of company stock.


On the downside


Profit taking sank shares of BRF - Brasil Foods (NYSE: BRFS).


Concerns that the European Commission may impose retroactive duties on solar products from China sank shares of LDK Solar (NYSE: LDK) and Yingli Green Energy (NYSE: YGE).


Endeavour International (NYSE: END) announced the unregistered sale of equity securities.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index rose 5 points to 1556.

Markets Advance At Midday

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The markets advanced during the midday with the Dow rising 26 points to 14,423. Nasdaq eased a point to 3243.

On the upside

AT&T will begin taking pre-sale orders for the BlackBerry (Nasdaq: BBRY) Z10 on Tuesday, March 12. 


Pengrowth Energy (NYSE: PGH) completed the sale of its Weyburn asset.


A Seeking Alpha contributor expects Delcath Systems' (Nasdaq: DCTH) CHEMOSAT to be approved in June.


On the downside


Aeterna Zentaris (Nasdaq: AEZS) will end a Phase 3 study of its multiple myeloma treatment perifosine.


Affymax (Nasdaq: AFFY) stock fell ahead of its earnings release later this week.


Canadian Solar (Nasdaq: CSIQ) widened fourth quarter losses as revenue dropped and expenses climbed.

  

In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The broader S&P 500 index edged up a point to 1552.

The markets opened lower with the Dow losing 15 points to 14,381 after Fitch Ratings downgraded Italy's credit rating last week. Nasdaq fell 5 points to 3238.

On the upside

Barron's wrote that Genworth (NYSE: GNW) stock had the potential to double. 


Standard & Poor's Ratings Services upgraded MGIC Investment (NYSE: MTG) from a rating of CCC+ to a rating of B- while Moody's placed the mortgage insurer's rating on review for a possible upgrade.


Shares of social games developer Zynga (Nasdaq: ZNGA) rose after Facebook (Nasdaq: FB) announced changes to its news feed last week.


On the downside


Dick's Sporting Goods (NYSE: DKS) reported higher fourth quarter earnings but the results fell short of analyst expectations and the sporting goods retailer forecast full year earnings below estimates.


Motley Fool noted that Michael Kors (NYSE: KORS) founder Michael Kors and chief executive John Idol have recently sold significant amount of shares in the company.


Suntech Power (NYSE: STP) announced a forbearance agreement with convertible notes holders to delay payments for two months.

  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1548.

Dow Closes At Another Record

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It was another record close for the Dow with the blue chip index gaining 67 points to 14,397 as the unemployment rate fell to a four year low of 7.7%. Nasdaq climbed 12 points to 3244.

On the upside

Cantor lifted its price target on Celldex (Nasdaq: CLDX) from $13 to $16. 


Johnson Rice upgraded Willbros Group (NYSE: WG) to an Overweight rating.


Immersion (Nasdaq: IMMR) extended its gains after announcing a licensing agreement with Samsung yesterday.


On the downside


AVG Technologies (NYSE: AVG) chief executive J. R. Smith resigned.


Arlington Asset Investment (NYSE: AI) priced its public offering of 3 million shares of common stock at the discounted price of $25.50 per share.


Maxwell Technologies (Nasdaq: MXWL) must restate all financial statements from 2011 and 2012.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index gained 6 points to 1551.

The markets advanced during the midday with the Dow climbing 46 points to 14,375 as the nation's unemployment rate fell to a four year low. Nasdaq rose 7 points to 3240.

On the upside

H&R Block (NYSE: HRB) widened third quarter losses due to a delay in the tax season but the tax preparation company expects filings to increase. 


A Seeking Alpha contributor expects Peregrine Pharmaceuticals' (Nasdaq: PPHM) stock price to rise.


A Seeking Alpha article said that MannKind (Nasdaq: MNKD) had the potential to be the best performing stock of the year.


On the downside


Finisar (Nasdaq: FNSR) widened losses for the third quarter.


Foot Locker (NYSE: FL) reported higher fourth quarter earnings due to an extra week in the quarter but the stock price fell as expenses increased.


Quicksilver (NYSE: ZQK) widened first quarter losses more than expected as revenue fell.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 1548.

The nation's unemployment rate dropped to 7.7% to lift the markets to a higher open with the Dow gaining 29 points to 14,358. Nasdaq slipped a point to 3231.

On the upside

Pandora Media (NYSE: P) reported a smaller than expected loss for the fourth quarter as revenue climbed to top analyst estimates and announced the departure of chief executive Joe Kennedy. 


J.P. Morgan upgraded Navistar (NYSE: NAV) from a Neutral rating to an Overweight rating and lifted its price target from $23 to $45.


The Federal Trade Commission approved Tempur-Pedic's (NYSE: TPX) $1.3 billion acquisition of Sealy (NYSE: ZZ).


On the downside


Skullcandy (Nasdaq: SKUL) reported lower fourth quarter earnings that missed estimates and warned of losses for the current quarter prompting downgrades.


Sequenom (Nasdaq: SQNM) widened fourth quarter losses more than expected.


BankUnited (NYSE: BKU) priced its secondary offering of 19.6 million common shares at the discounted price of $25.25.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index eased a point to 1543.

A drop in jobless claims lifted the markets to a modestly higher close with the Dow rising 33 points to close at a record 14,329. Nasdaq gained 9 points 3232.

On the upside

Shares of Artisan Partners Asset Management (NYSE: APAM) surged in its market debut. 


Immersion (Nasdaq: IMMR) announced a multi year agreement to license its Touchsense and Integrator solutions to Samsung Electronics.


Smithfield Foods (NYSE: SFD) reported higher third quarter earnings that beat expectations as revenue rose.


On the downside


Ross Stores (Nasdaq: ROST) disappointed with an unexpected 1% drop in February same store sales.


Quanex Building Products (NYSE: NX) widened first quarter losses more than expected as expenses climbed.


Time Warner (NYSE: TWX) will spin-off its Time Inc. publishing business rather than sell some of its magazines to Meredith (NYSE: MDP).

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 1544.

Markets Up On Upbeat Jobs Data

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The markets traded higher during the midday with the Dow gaining 44 points to 14,341 on an upbeat jobs report. Nasdaq added 7 points 3230.

On the upside

Sycamore Partners will pay a premium of approximately $600 million to take Hot Topic (Nasdaq: HOTT) private. 


Shares of Himax Technologies (Nasdaq: HIMX) rose again over speculation that the company will provide microdisplays for Google Glass (Nasdaq: GOOG).


Bargain hunters lifted shares of Affymax (Nasdaq: AFFY), whose stock price has fallen since the biopharmaceutical recalled its anemia medication Omontys on Saturday, February 23.


On the downside


PetSmart (Nasdaq: PETM) reported higher fourth quarter earnings and revenue but the company forecast 2013 earnings below analyst expectations.


Radian Group (NYSE: RDN) reported lower mortgage delinquencies in February but the stock price fell.


SolarCity (Nasdaq: SCTY) fell to a greater than expected loss for the fourth quarter.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index rose 3 points to 1544.

First time applications for unemployment benefits fell more than expected to lift the markets to a higher open with the Dow climbing 48 points to 14,344. Nasdaq rose 3 points 3225.

On the upside

Ciena (Nasdaq: CIEN) narrowed first quarter losses more than expected as revenue rose. 


A Seeking Alpha contributor listed Nokia (NYSE: NOK) as one of five inexpensive stocks under $10 poised to grow in 2013.


Navistar (NYSE: NAV) named president and chief operating officer Troy Clarke to the position of chief executive officer.


On the downside


Celldex Therapeutics (Nasdaq: CLDX) widened fourth quarter losses more than expected.


MGIC Investment (NYSE: MTG) priced its offering of 135 million common shares at the discounted price of $5.15 per share.


DryShips (Nasdaq: DRYS) widened losses for the fourth quarter more than expected as revenue dropped.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index added 2 points to 1543.

Another Record Close For Dow

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Upbeat jobs data lifted the markets to a higher close with the Dow gaining 42 points to close at a record 14,296. Nasdaq edged down a point 3222.

On the upside

Bargain hunters lifted shares of McEwen Mining (NYSE: MUX). 


CTC Media (Nasdaq: CTCM) reversed year ago losses to post a profit for the fourth quarter.


Vical (Nasdaq: VICL) presented at the Cowen & Co. 33rd Annual Healthcare Conference today in Boston.


On the downside


MELA Sciences (Nasdaq: MELA) widened fourth quarter losses even as revenue rose.


Sohu.com (Nasdaq: SOHU) denied rumors that it was in discussions to go private.


Shares of 3D Systems (NYSE: DDD) fell after rival Materialise chief executive Wilfried Vancraen said that 3D printing was too expensive and too slow to make most products.

  

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 edged up a point to 1541.

Strong Jobs Data Lifts Markets

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The markets traded higher during the midday with the Dow rising 36 points to 14,290 on strong jobs data. Nasdaq eased a point 3222.

On the upside

Endeavour International (NYSE: END) narrowed fourth quarter losses as revenue surged. 


Reuters reported that Johnson Controls (NYSE: JCI) was working with JP Morgan on potentially selling its automotive interiors business.


Gartner identified Tibco (Nasdaq: TIBX) as a Leader in the Magic Quadrant for Business Intelligence and Analytics Platforms.


On the downside


The Fresh Market (Nasdaq: TFM) reported higher fourth quarter earnings but the results missed expectations and the grocery store chain forecast 2013 earnings below estimates.


Investors locked in profits on Radian Group (NYSE: RDN).


Fourth quarter earnings slipped for Qihoo (NYSE: QIHU) prompting a downgrade.

  

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index added a point to 1541.

Higher Open On Jobs Data

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Private employers added more jobs than expected in February to lift the markets to a higher open with the Dow gaining 58 points to 14,312. Nasdaq added 4 points 3228.

On the upside

Petrobas (NYSE: PBR) increased diesel fuel prices by 5%.


MGIC Investment (NYSE: MTG) announced plans to raise capital through the sale of 135 million common shares and $350 million in convertible senior notes.


VeriFone Systems (NYSE: PAY) swung to a better than expected profit for the first quarter.


On the downside


American Eagle Outfitters (NYSE: AEO) reported higher fourth quarter earnings but warned of lower same store sales for the current quarter and forecast earnings well below expectations.


Smith & Wesson (NYSE: SWHC) reported sharply higher third quarter earnings that more than tripled but shares of the gun maker fell over concerns that lawmakers may ban some weapons.


AeroVironment (Nasdaq: AVAV) blamed government delays for sharply lower third quarter earnings that missed expectations by a wide margin.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index rose 4 points to 1544.

The Dow surged 125 points to close at a record high of 14,253 after China announced plans to guarantee 7.5% economic growth in 2013. Nasdaq leaped 42 points 3224.

On the upside

Fourth quarter earnings surged nearly threefold for Santarus (Nasdaq: SNTS) as revenue soared.


Shares of Qihoo 360 (NYSE: QIHU) climbed ahead of its earnings release after market close.


Speculation that Sohu.com (Nasdaq: SOHU) may be taken private lifted shares of the online media company.


On the downside


Profit taking sank shares of Boyd Gaming (NYSE: BYD).


Wunderlich downgraded SandRidge Mississippian Trust (NYSE: SDT) from a Sell rating to a Hold rating and cut its price target to $13 from $17.50.


Needham initiated coverage of Millennial Media (NYSE: MM) with a Hold rating.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 14 points to 1539.

Greater than expected expansion of the service sector in February sent the markets soaring during the midday with the Dow leaping 140 points to 14,268. Nasdaq jumped 38 points 3220.

On the upside

Seeking Alpha suggested that Himax (Nasdaq: HIMX) will supply microdisplays for the Google (Nasdaq: GOOG) Glass.


Second quarter earnings fell for Ascena Retail Group (Nasdaq: ASNA) but the results were better than expected.


Shares of Radian Group (NYSE: RDN) continued climbing after an upgrade yesterday.


On the downside


February same store sales fell 2.2% for Walgreens (NYSE: WAG).


CommonWealth REIT (NYSE: CWH) closed its offering of 34.5 million common shares.


Shares of Xinuan Real Estate (NYSE: XIN) fell after China unveiled plans to increase minimum down payments and loan rates for second home buyers.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index soared 15 points to 1540.

China's announcement that it will act to ensure 7.5% growth lifted the markets to a higher open with the Dow soaring 114 points to 14,242. Nasdaq surged 30 points 3212.

On the upside

Barclays upgraded MGIC Investment (NYSE: MTG) to an Overweight rating.


Cree (Nasdaq: CREE) introduced a new line of cost effective LED lightbulbs and lifted its third quarter revenue guidance.


Drug store chain Kerr Drugs will sell Acura Pharmaceuticals' (Nasdaq: ACUR) abuse deterrent cold and allergy medication.


On the downside


The Wall Street Journal reported that J.C. Penney's (NYSE: JCP) third largest shareholder Vornado Realty Trust sold 10 million shares in the struggling department store.


The Food and Drug Administration identified additional problems at Impax Laboratories' (Nasdaq: IPXL) Hayward manufacturing plant.


Williams Partners (NYSE: WPZ), priced its public offering of 11.25 million common units.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 12 points to 1537.

Markets Recover To Close Higher

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The markets recovered in late afternoon trading to close higher with the Dow gaining 38 points to 14,127 despite concerns about the Chinese economy. Nasdaq rose 12 points 3182.

On the upside

The New York Supreme Court sided with MBIA (NYSE: MBI) by dismissing a lawsuit that challenged a restructuring of the bond insurer.


Motley Fool wrote that Genworth Financial (NYSE: GNW) was a cheap stock.


Piper Jaffray said that GlaxoSmithKline may acquire Theravance (Nasdaq: THRX) after the biopharmaceutical's respiratory medication Anoro receives regulatory approval later this year.


On the downside


DragonWave (Nasdaq: DRWI) warned that fourth quarter revenue would fall short of expectations.


A Food and Drug Administration advisory panel rejected Depomed's (Nasdaq: DEPO) menopause treatment Sefelsa.


Shares of mining companies Yamana Gold (NYSE: AUY), Cliffs Natural Resources (NYSE: CLF) and Iamgold (NYSE: IAG) sank over concerns about the Chinese economy.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 7 points to 1525.

The markets traded lower during the midday with the Dow slipping 14 points to 14,075 over global economic concerns. Nasdaq held steady at 3169.

On the upside

Genting Group will pay $350 million in cash to acquire Boyd Gaming's (NYSE: BYD) Echelon site on the Las Vegas Strip.


Keefe Bruyette & Woods analyst Bose George upgraded Radian Group (NYSE: RDN) to an Outperform rating.


Shares of Pengrowth Energy (NYSE: PGH) continued rising after reporting sharply higher year end proved plus probable reserves last week.


On the downside


Profit taking sank shares of Palo Alto Networks (NYSE: PANW).


The New York Stock Exchange notified GMX Resources (NYSE: GMXR) that it failed to comply with the minimum $50 million market capitalization for 30 consecutive trading days listing requirement.


Investors locked in profits on Xinyuan Real Estate (NYSE: XIN) whose stock price climbed last week after reporting higher fourth quarter earnings and revenue.

  

In the broad market, declining issues outpaced advancers 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 held steady at 1518.

Slowing expansion of the services industry in China weighed the markets down to a lower open with the Dow falling 54 points to 14,034. Nasdaq lost 8 points to 3160.

On the upside

A. Schulman (Nasdaq: SHLM) offered a premium of approximately $563 million in cash and stock to acquire Ferro (NYSE: FOE).


Research Driven Investing wrote that the improving housing market would benefit mortgage insurer MGIC Investment (NYSE: MTG).


Stratasys (Nasdaq: SSYS) narrowed fourth quarter losses more than expected as revenue soared.


On the downside


Select Comfort (Nasdaq: SCSS) warned that sales have fallen short and that the mattress maker would most likely miss internal goals for the first quarter.


Hecla Mining (NYSE: HL) will pay approximately $774 million to acquire Aurizon Mines.


Shares of Atlantic Power (NYSE: AT) continued falling after reporting a wider fourth quarter loss and lowering its dividend last week.

  

In the broad market, declining issues outpaced advancers 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 slipped 3 points to 1514.

Manufacturing activity expanded in February to lift the markets to a higher close with the Dow gaining 35 points to 14,089. Nasdaq rose 9 points to 3169.

On the upside

TheStreet listed GMX Resources (NYSE: GMXR) as one of five stocks ready to breakout.


Bargain hunters lifted shares of Suntech Power (NYSE: STP) whose stock price plunged yesterday on concerns that the solar energy company would not be able to make a debt payment at the end of March.


Cerus (Nasdaq: CERS) narrowed losses for the fourth quarter as revenue rose.


On the downside


Atlantic Power (NYSE: AT) cut its dividend and announced a shareholder rights plan.


Shares of Arch Coal (NYSE: ACI) continued falling after passing its ex-dividend date on February 27, 2013.


Global Hunter Securities downgraded Halcon Resources (NYSE: HK) from an Accumulate rating to a Neutral rating.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index added 3 points to 1518.

The markets traded flat during the midday with the Dow adding 4 points to 14,059 as January personal income dropped 3.6%. Nasdaq eased a fraction to 3159.

On the upside

Shares of MGIC Investment (NYSE: MTG) continued rising after reporting fourth quarter revenue that beat analyst expectations.


Sierra World Equity Review wrote that GlaxoSmithKline (NYSE: GSK) was interested in the possible acquisition of Keryx Biopharmaceutical (Nasdaq: KERX).


Pengrowth Energy (NYSE: PGH) reported a 55% increase in proved plus probable reserves at the end of 2012.


On the downside


OmniVision Technologies (Nasdaq: OVTI) reported sharply higher third quarter earnings but the company forecast current quarter earnings below expectations.


McDermott International (NYSE: MDR) reported higher fourth quarter earnings but the results missed estimates.


Shares of Cincinnati Bell (NYSE: CBB) continued falling after reporting a greater than expected loss for the fourth on Wednesday before market open.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index held steady at at 1514.

Lower Open As Sequester Begins

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Automatic federal budget cuts began today after Congressional leaders failed to reach a compromise deal to avert the sequester. The markets opened lower with the Dow slipping 32 points to 14,022 while Nasdaq lost 14 points to 3146.

On the upside

Fourth quarter earnings fell for Deckers Outdoor (Nasdaq: DECK) but the company expects Ugg boot sales to rise.


Best Buy (NYSE: BBY) narrowed fourth quarter losses more than expected.


Salesforce.com (NYSE: CRM) widened fourth quarter losses but the results were better than expected.


On the downside


Lloyds Banking Group (NYSE: LYG) reported a significant loss for the year as it set aside funds to pay for selling inappropriate financial products to clients.


SandRidge Energy (NYSE: SD) narrowed losses for the fourth quarter but cut its production forecast for 2013.


Fourth quarter earnings plunged for Foster Wheeler (Nasdaq: FWLT) to fall far short of analyst expectations.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 4 points to 1510.

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