May 2013 Archives

A late afternoon sell-off sent the markets into a tailspin with the Dow collapsing 208 points to close at 15,115 but the blue chip index still managed to record gains for the month of May. Nasdaq plummeted 35 points to 3455.

On the upside

Shares of Epizyme (Nasdaq: EPZM) surged on its first trading day.

Pinnacle Entertainment (NYSE: PNK) engaged the Federal Trade Commission in discussions to allow its proposed acquisition of Ameristar Casinos (Nasdaq: ASCA).

Kamada (Nasdaq: KMDA) stock rose in its initial public offering.


On the downside


Motley Fool wrote that Mechel (NYSE: MTL) was over leveraged and must reorganize.


Shares of Real Goods Solar (Nasdaq: RSOL) continued falling as investors locked in profits.


Mellanox Technologies (Nasdaq: MLNX) will voluntarily delist its common shares from the Tel Aviv Stock Exchange.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index tumbled 23 points to 1630.

The markets turned positive during the midday with the Dow rising 10 points to 15,335 as consumer sentiment climbed more than expected in May to a six year high. Nasdaq added 3 points to 3494.

On the upside

Guess (NYSE: GES) reported lower first quarter earnings but the results were better than expected.

Susquehanna Financial Group analyst Chris Rigg said that Health Management Associates (NYSE: HMA) was a good acquisition target for Community Health Systems (NYSE: CYH).

Bargain hunters snapped up shares of Affymax (Nasdaq: AFFY).


On the downside


A Seeking Alpha article questioned the quality of Uni-Pixel's (Nasdaq: UNXL) products.


Shares of Yingli Green Energy (NYSE: YGE) continued falling after reporting a wider first quarter loss yesterday.


Investors locked in profits on Canadian Solar (Nasdaq: CSIQ).

  

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index eased a fraction to 1653.

Consumer spending slipped 0.2% in April to weigh the markets down to a lower open with the Dow losing 24 points to 15,299. Nasdaq slipped 5 points to 3485.

On the upside

Fourth quarter earnings more than tripled for OmniVision Technologies (Nasdaq: OVTI) to surpass analyst expectations by a wide margin as revenue soared and the company forecast current quarter revenue ahead of estimates.

Krispy Kreme Doughnuts (NYSE: KKD) reported higher first quarter earnings and revenue that topped expectations.

National Bank of Greece (NYSE: NBG) will repurchase up to 22.5 million American Depositary Shares.


On the downside


Palo Alto Networks (NYSE: PANW) fell to a loss for the third quarter as expenses soared and the network security firm forecast current quarter earnings and revenue below analyst expectations.


Investors locked in profits on EnteroMedics (Nasdaq: ETRM).


Profit taking weighed down shares of Ballard Power Systems (Nasdaq: BLDP).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index lost 4 points to 1650.

The markets closed modestly higher with the Dow rising 21 points to 15,324 as the nation's economy continued to expand in the first quarter albeit at a slower 2.4% pace than 2.5% pace originally reported. Nasdaq gained 23 points to 3491.

On the upside

Oppenheimer initiated coverage of Himax Technologies (Nasdaq: HIMX) with an Outperform rating.

National Bank of Greece (NYSE: NBG) began trading again after trading was suspended from May 24 to May 30 in order for a 1-for-10 reverse stock split to clear.

Goldman Sachs added MEMC Electronic Materials (NYSE: WFR) to its Conviction Buy list and lifted its price target from $8 to $10.


On the downside


Investors locked in profits on Ballard Power Systems (Nasdaq: BLDP).


A Seeking Alpha contributor recommended shorting Revolution Lighting Technologies (Nasdaq: RVLT).


Frontline (NYSE: FRO) fell to a loss for the first quarter.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index rose 6 points to 1654.

The markets advanced during the midday with the Dow climbing 81 points to 15,384 as pending home sales rose to a three year high. Nasdaq soared 31 points to 3498.

On the upside

Avago Technologies (Nasdaq: AVGO) reported lower second quarter earnings and revenue but the results were better than expected and the chipmaker forecast current quarter revenue ahead of estimates.

Soaring gold prices lifted shares of AuRico Gold (NYSE: AUQ), Barrick Gold (NYSE: ABX), Harmony Gold (NYSE: HMY) and Kinross Gold (NYSE: KGC).

Amarin (Nasdaq: AMRN) reported additional upbeat data from a Phase 3 ANCHOR study of Vascepa at the National Lipid Association 2013 Annual Scientific Session.


On the downside


First quarter earnings fell for Big Lots (NYSE: BIG) prompting the discount retailer to cut its full year earnings and revenue outlook.


ARCA biopharma (Nasdaq: ABIO) priced its public offering of preferred stock and warrants.


Hanwa SolarOne (Nasdaq: HSOL) narrowed first quarter losses as revenue climbed but the stock price fell.

  

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 climbed 11 points to 1659.

Markets Rise As Fed Fears Ease

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An unexpected gain in first time applications for unemployment benefits tempered fears that the Federal Reserve would wind down its policy of bond buying to support the fragile economy. The markets opened higher with the Dow rising 49 points to 15,352 while Nasdaq climbed 20 points to 3487.

On the upside

Berkshire Hathaway subsidiary MidAmerican Energy Holdings will pay a premium of approximately $5.6 billion to acquire NV Energy (NYSE: NVE).

Dish Network (Nasdaq: DISH) engaged in a bidding war for Clearwire (Nasdaq: CLWR) by topping Sprint Nextel's (NYSE: S) $3.40 per share offer with a $4.40 per share bid.

Celsion (Nasdaq: CLSN) will present clinical trial results from a ThermoDox HEAT Study at the 4th European Conference on Interventional Oncology.


On the downside


Boardwalk Pipeline Partners (NYSE: BWP) priced its public offering of 11 million common units at the discounted price of $30.12 per unit.


Morgan Stanley downgraded Halliburton (NYSE: HAL) from an Equal Weight rating to an Underweight rating.


Vanguard Natural Resources (Nasdaq: VNR) priced its public offering of 7 million common units at the discounted price of $28.35 per common unit.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index gained 7 points to 1655.

Concerns that the Federal Reserve would begin phasing out its economic stimulus measures sent the markets into a tailspin with the Dow plunging 106 points to 15,302. Nasdaq dropped 21 points to 3467.

On the upside

Sonus Networks (Nasdaq: SONS) partnered with Juniper Networks to develop solutions based on Software Defined Network principles.

J.P. Morgan lifted its price target on Aegerion Pharmaceuticals (Nasdaq: AEGR) from $48 to $69.

Perfect World (Nasdaq: PWRD) reported lower first quarter earnings and revenue but the results beat expectations and the online game developer forecast current quarter revenue ahead of estimates.


On the downside


Orbitz Worldwide (NYSE: OWW) extended the partnership between its corporate travel unit Orbitz for Business and SilverRail Technologies to continue providing convenient online rail search and booking capabilities.


The Federal Trade Commission filed a complaint to halt the proposed acquisition of Ameristar Casinos by Pinnacle Entertainment (NYSE: PNK).


Inland Real Estate (NYSE: IRC) priced its public offering of 9 million common shares at the discounted price of $10.60 per share.

  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index fell 11 points to 1648.

The markets extended losses during the midday with the Dow plummeting 151 points to 15,257 as mortgage rates climbed. Nasdaq tumbled 31 points to 3457.

On the upside

Celsion (Nasdaq: CLSN) announced last week that it received patents for its ThermoDox technology in China, Japan, South Korea and Taiwan.

The Fresh Market (Nasdaq: TFM) reported higher first quarter earnings that topped analyst estimates as revenue rose.

The Canadian Minister of Industry and Minister of State granted approval for the transaction arrangement between Hecla Mining (NYSE: HL) and Aurizon Mines.


On the downside


Line pipe sales for MRC Global (NYSE: MRC) for April and May fell far short of expectations.


Citigroup downgraded Javelin Mortgage (NYSE: JMI) from a Buy rating to a Neutral rating.


Real Goods Solar (Nasdaq: RSOL) extended its losses.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index dropped 16 points to 1643.

Yesterday's upbeat economic data raised concerns that the Federal Reserve would reign in its bond buying program. The market opened sharply lower with the Dow tumbling 80 points to 15,329 while Nasdaq fell 16 points to 3472.

On the upside

Shuanghui International Holdings will pay a premium of approximately $4.72 billion to acquire Smithfield Foods (NYSE: SFD).


Stewart Enterprises (Nasdaq: STEI) will be acquired by Service Corp. International for a premium of approximately $1.13 billion in cash.


Ballard Power Systems (Nasdaq: BLDP) signed a non-binding Memorandum of Understanding with partner Azure Hydrogen to extend their fuel cell collaboration.


On the downside


Chico's FAS (NYSE: CHS) reported lower first quarter earnings that fell short of analyst expectations.


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


New York Mortgage Trust (Nasdaq: NYMT) priced its public offering of 3 million shares of preferred stock at $25 per share.

  

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index lost 7 points to 1652.

May consumer sentiment climbed to lift the markets to a sharply higher close with the Dow jumping 106 points to set another record close a 15,409. Nasdaq gained 29 points to 3488.

On the upside

Goldman Sachs analyst Patrick Archambault toured Tesla Motors' (Nasdaq: TSLA) production facility in Fremont, CA and expects 500,000 vehicles to be sold in the long term.


Shares of Hanwha SolarOne (Nasdaq: HSOL) climbed ahead of its earnings release before market open on Thursday, May 30, 2013.


Sinovac Biotech (Nasdaq: SVA) narrowed first quarter losses as sales of its Healive hepatitis A vaccine surged.


On the downside


Credit Suisse analyst Dan Eggers downgraded FirstEnergy (NYSE: FE) from an Outperform rating to Neutral and cut its price target from $45 to $40.


Vishop Holdings (NYSE: VIPS) allegations that the company over reported user traffic data but the stock price plummeted.


Netflix (Nasdaq: NFLX) stock fell on mixed reviews of its third original series, Arrested Development, which debuted Sunday morning.

  

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index rose 10 points to 1660.

A sharp jump in home prices sent the markets soaring during the midday with the Dow surging 152 points to 15,455. Nasdaq leaped 40 points to 3499.

On the upside

CapLease (NYSE: LSE) will be acquired by American Realty Capital Properties (Nasdaq: ARCP) in a deal valued at approximately $2.2 billion.


Shares of Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) rose after a Reuters survey indicated that the majority of European nations opposed plans to levy stiff tariffs on Chinese solar panels.


AstraZeneca (NYSE: AZN) will pay approximately $443 million to acquire Omthera Pharmaceuticals (Nasdaq: OMTH).


On the downside


Real Goods Solar (Nasdaq: RSOL) will implement solar initiatives in Massachusetts through the Solarize Mass program but the stock price continued falling after announcing a $9.25 million private placement on Friday.


Shares of Amarin (Nasdaq: AMRN) fell after AstraZeneca (NYSE: AZN) announced plans to acquire rival Omthera (Nasdaq: OMTH).


A Seeking Alpha contributor suggested that investors sell American Capital Agency (Nasdaq: AGNC).

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 index climbed 15 points to 1665.

Home prices surged 10.9% in March to boost the markets to a sharply higher open with the Dow leaping 200 points to 15,503. Nasdaq soared 51 points to 3510.

On the upside

Canadian Solar (Nasdaq: CSIQ) narrowed first quarter losses even as revenue dropped.


Capstone Turbine (Nasdaq: CPST) received a major order to install microturbines in office buildings, apartments and mixed-use properties for a global real estate and investment firm.


Valeant Pharmaceuticals (NYSE: VRX) will acquire Bausch & Lomb in a deal valued at approximately $8.7 billion.


On the downside


Deutsche Bank downgraded Exelon (NYSE: EXC) from a Buy rating to a Hold rating.


Investors locked in profits on Ziopharm Oncology (Nasdaq: ZIOP).


The capacity price in the northern Ohio territory of FirstEnergy (NYSE: FL) plunged to $114 per megawatt from $357 per megawatt last year.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 index surged 22 points to 1672.

U. S. Markets Closed

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U. S. Markets are closed in observance of Memorial Day.

The markets closed flat with the Dow adding 8 points to 15,303 over concerns that the Federal Reserve would taper down its bond buying program. Nasdaq held steady at 3459.

On the upside

ZIOPHARM Oncology (Nasdaq: ZIOP) will present at the 38th Annual Deutsche Bank Health Care Conference on Wednesday, May 29, 2013.


The Wall Street Journal reported that Valeant Pharmaceuticals (NYSE: VRX) was close to finalizing a deal to acquire Bausch & Lomb for approximately $9 billion.


Quicksilver Resources (NYSE: KWK) commenced a tender offer yesterday for senior subordinated notes and senior notes.


On the downside


GameStop (NYSE: GME) reported lower first quarter earnings and revenue and forecast second quarter earnings below expectations.


Aeropostale (NYSE: ARO) fell to a loss for the first quarter on lower revenue and forecast current quarter losses below analyst estimates.


Footlocker (NYSE: FL) reported higher first quarter earnings and revenue but the stock price fell.

  

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1649.

Lower Open Over QE Concerns

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Concerns about the Federal Reserve's commitment to its quantitative easing program weighed the markets down to a sharply lower open with the Dow tumbling 88 points to 15,206. Nasdaq dropped 24 points to 3434.

On the upside

Pandora Media (NYSE: P) widened first quarter losses but revenue soared to beat analyst expectations.


Proctor & Gamble (NYSE: PG) named former chief executive Alan George Lafley to the position of president and chief executive.


Yingli Green Energy (NYSE: YGE) will supply 10.269 megawatts of multicystalline PV modules to Amcorp Power in Malaysia.


On the downside


Abercrombie & Fitch (NYSE: ANF) reported a larger than expected loss for the first quarter as revenue dropped.


Sears Holding (NYSE: SHLD) fell to a greater than expected loss for the first quarter as revenue fell.


Salesforce.com (NYSE: CRM) widened first quarter losses as marketing and sales expenses soared.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index dropped 11 points to 1638.

The markets recovered from early morning losses to close modestly lower with the Dow losing 12 points to 15,294 despite a sharp drop in the Nikkei as upbeat earnings and rising new home sales lifted investor sentiment. Nasdaq slipped 3 points to 3459.

On the upside

Shanda Games (Nasdaq: GAME) reported lower first quarter earnings but the results were better than expected.


Pacific Sunwear (Nasdaq: PSUN) reported a smaller than expected loss for the first quarter revenue rose to top estimates.


Shares of Global Brass and Copper (NYSE: BRSS) surged in its market debut.


On the downside


Profit taking sank shares of Cleantech Solutions (Nasdaq: CLNT).


Halcon Resources (NYSE: HK) updated investors on its operations in the Utica/Point Pleasant play.


DryShips (Nasdaq: DRYS) widened first quarter losses even as revenue rose.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 index slipped 4 points to 1650.

The markets pared earlier losses with the Dow slipping 15 points to 15,292 as rising new home sales blunted the impact of the Nikkei's sharp drop. Nasdaq lost 8 points to 3454.

On the upside

Shares of Ply Gem Holdings (NYSE: PGEM) climbed on its first trading day.


MannKind (Nasdaq: MNKD) stock continued to advance after a Seeking Alpha contributor wrote yesterday that the biopharmaceutical could be acquired in the near future.


Shares of ChannelAdvisor (NYSE: ECOM) surged in its market debut.


On the downside


Cirrus Logic (Nasdaq: CRUS) warned that profit margins would fall over the long term.


A jump in Japanese government bond yields weighed down shares of Mitsubishi UFJ Financial Group (NYSE: MTU).


Profit taking sank shares of inContact (Nasdaq: SAAS).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index lost 6 points to 1648.

A drop in Chinese factory activity weighed the markets down to a lower open with the Dow falling 50 points to 15,256. Nasdaq lost 10 points to 3453.

On the upside

Apax Partners will take rue21 (Nasdaq: RUE) private in a cash deal valued at approximately $1.1 billion.


Hewlett-Packard (NYSE: HPQ) reported lower second quarter earnings but the results were better than expected and the company forecast current quarter earnings ahead of estimates.


The Wall Street Journal reported that Fidelity National Financial (NYSE: FNF) and Thomas H. Lee Partners were close to finalizing a deal to acquire Lender Processing Services (NYSE: LPS).


On the downside


Shares of Nomura Holdings (NYSE: NMR) tumbled after Japanese government bond yields climbed.


National Bank of Greece (NYSE: NBG) will begin trading without rights to purchase shares from its 9.75 billion euro offering on May 24.


Apricus Biosciences (Nasdaq: APRI) priced its offering of 6 million common shares at the discounted price of $2.85 per share.

  

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index fell 9 points to 1645.

Disappointing earnings weighed the markets down to a sharply lower close with the Dow tumbling 80 points to 15,307. Nasdaq plunged 38 points to 3463.

On the upside

Citigroup analyst Andrew S. Baum upgraded Bristol-Myers Squibb (NYSE: BMY) to a Buy rating saying that the biopharmaceutical's cancer drug Nivolumab may be approved in early 2014.


Susquehanna Financial Group analyst Chris Rigg upgraded Kindred Healthcare (NYSE: KND) to a Positive rating from Neutral and lifted his price target from $12 per share to $17 per share.


Booz Allen Hamilton (NYSE: BAH) reported higher fourth quarter earnings that topped analyst estimates and forecast full year earnings ahead of expectations.


On the downside


Shares of Frontline (Nasdaq: FRO) fell after the International Association of Independent Tanker Owners warned that tanker crews were quitting due to lower rates.


T. H. Capital recommended a wait and see approach to E-Commerce China Dangdang (NYSE: DANG).


Profit taking sank shares of YY (Nasdaq: YY).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index dropped 13 points to 1655.

Markets Retreat To Trade Mixed

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The markets retreated from an early morning rally with the Dow rising 22 points to 15,409 as investors await the release of minutes from the Federal Reserve's policy meeting. Nasdaq lost 14 points to 3487.

On the upside

A Seeking Alpha contributor expects MannKind (Nasdaq: MNKD) to be acquired.


Zale (NYSE: ZLC) reversed year ago losses to post an unexpected profit for the third quarter.


Toll Brothers (NYSE: TOL) reported higher second quarter earnings that topped analyst estimates as revenue climbed.


On the downside


Concerns that the European Union will impose stiff tariffs on Chinese solar imports weighed down shares of JA Solar (Nasdaq: JASO), LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).


Baltic Trading (NYSE: BALT) priced its public offering of 5.6 million common shares at the discounted price of $3.60 per share.


SolarWinds (NYSE: SWI) will pay $120 million in cash to acquire N-able Technologies.

  

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 eased a point to 1667.

The markets opened sharply higher with the Dow soaring 112 points to 15,499 after Federal Reserve chairman Ben Bernanke said that continued stimulus measures were necessary to sustain the fragile economy. Nasdaq climbed 24 points to 3526.

On the upside

Goodman Networks will pay a premium of $3.25 per share in cash to acquire Multiband (Nasdaq: MBND).


Saks (NYSE: SKS) retained the services of Goldman Sachs to explore strategic alternatives including a possible sale.


Cleantech Solutions (Nasdaq: CLNT) received certification to supply components to China Petroleum and Chemical Corporation and China National Petroleum Corporation.


On the downside


Investors locked in profits on Suntech Power (NYSE: STP).


CVR Partners (NYSE: UAN) priced its secondary offering of 12 million common units.


Target (NYSE: TGT) reported lower first quarter earnings that fell short of expectations and cut its full year earnings outlook.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index climbed 13 points to 1683.

Dow Rises To Another Record

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The markets advanced with the Dow closing at another record as investors await comments from Federal Reserve chairman Ben Bernanke tomorrow. The blue chip index climbed 52 points to 15,387 while Nasdaq gained 5 points to 3502.

On the upside

FX Energy (Nasdaq: FXEN) reported successful results from a test at its Tuchola-3K well.


Sony (NYSE: SNE) may explore the possibility of spinning off its entertainment business, a suggestion that was made last week by 6% shareholder Third Point.


Uncommon Equities updated its report on Pacific Ethanol (Nasdaq: PEIX) and maintained its Buy rating on the renewable fuels producer.


On the downside


Investors locked in profits on SolarCity (Nasdaq: SCTY).


Motely Fool expects GameStop (NYSE: GME) to underperform the S&P 500.


Retreating gold prices weighed down shares of Eldorado Gold (NYSE: EGO), Iamgold (NYSE: IAG) and McEwen Mining (NYSE: MUX).

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 index added 2 points to 1669.

The markets traded higher during the midday with the Dow gaining 50 points to 15,386 ahead of Federal Reserve chairman Ben Bernanke's testimony before Congress tomorrow. Nasdaq rose 6 points to 3502.

On the upside

Lux Research analyst Ed Cahill expects the oversupply of photovoltaic modules to end by 2015 with revenue soaring to $155 billion in 2018. Shares of LDK Solar (NYSE: LDK),  Renesola (NYSE: SOL) and Trina Solar (NYSE: TSL) rose.


First quarter earnings slipped for Saks (NYSE: SKS) but same store sales rose more than expected.


Shares of SemiLEDS (Nasdaq: LEDS) climbed after IMS Research reported that global revenue for LEDs in general lighting applications would surge more than threefold from 2012 to 2015.


On the downside


Profit taking sank shares of Real Goods Solar (Nasdaq: RSOL).


Best Buy (NYSE: BBY) blamed restructuring costs for falling to a first quarter loss.


hhgregg (NYSE: HGG) reported sharply lower fourth quarter earnings as revenue fell.

  

In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 index rose 3 points to 1670.

The markets opened mixed with the Dow adding 7 points to 15,342 while Nasdaq slipped 6 points to 3490 ahead of Apple chief executive Tim Cook's testimony before the Senate's Permanent Subcommittee on Investigations.

On the upside

Yingli Green Energy (NYSE: YGE) expects photovoltaic module shipments to slip 6%-7% sequentially in the first quarter, an improvement over its previous expectation for a low to mid teen percent decrease.


RBC Capital Markets lifted its price target on JA Solar (Nasdaq: JASO) from $1 to $8.


Genesys will pay a premium of $5 per share in cash to acquire SoundBite Communications (Nasdaq: SDBT).


On the downside


Profit taking sank shares of Peregrine Pharmaceuticals (Nasdaq: PPHM).


National Bank of Greece (NYSE: NBG) stock continued falling after announcing plans to sell 2.27 billion shares at $5.50 per share after a 1 for 10 reverse stock split.


Carnival (NYSE: CCL) lowered its full year earnings outlook prompting downgrades.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index eased a fraction to 1665.

Investors Lock In Profits

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After setting new records last week, the markets closed modestly lower with the Dow losing 19 points to 15,335 on profit taking. Nasdaq slipped 2 points to 3496.

On the upside

Upbeat earnings from JA Solar (Nasdaq: JASO) lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).


A Seeking Alpha contributor expects Walter Energy (NYSE: WLT) stock to rise.


BOC International upgraded E-Commerce China Dangdang (NYSE: DANG) to a Buy rating from Hold.


On the downside


Sangamo BioSciences (Nasdaq: SGMO) reported positive results for its In Vivo Replacement Platform in a mouse model but the stock price dropped.


Investors locked in profits on Comstock Holding (Nasdaq: CHCI).


Raven Industries (Nasdaq: RAVN) disappointed with lower first quarter earnings as revenue fell.

  

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 4 on Nasdaq. The broader S&P 500 index eased a point to 1666.

The markets traded lower during the midday with the Dow slipping 12 points to 15,341 as investors locked in profits from last week. Nasdaq lost 6 points to 3492.

On the upside

JA Solar (Nasdaq: JASO) narrowed first quarter losses as revenue rose.


A Seeking Alpha contributor suggested that investors buy Molycorp (NYSE: MCP) stock.


Shares of SolarCity (Nasdaq: SCTY) continued rising after announcing a $500 million financing agreement with Goldman Sachs last week.


On the downside


BMO Capital Markets downgraded Red Hat (NYSE: RHT) from an Outperform rating to a Market Perform rating.


Team (NYSE: TISI) cut its earnings guidance for the fourth quarter and forecast 2014 earnings that fell short of expectations.


The Department of Homeland Security issued a Notice of Proposed Debarment to OSI Systems (Nasdaq: OSIS) related to concerns raised by the Transportation Security Administration over the company's full-body passenger scanners.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1666.

The markets opened mixed with the Dow slipping 11 points to 15,342 while Nasdaq added 3 points to 3501 as investors took a breather after another record close last week.

On the upside

Vista Equity Partners will take Websense (Nasdaq: WBSN) private for a premium of approximately $906 billion.


Shares of Real Goods Solar (Nasdaq: RSOL) continued rising after a Seeking Alpha contributor wrote in Friday that the stock had strong growth potential.


Peregrine Pharmaceuticals (Nasdaq: PPHM) reached an agreement with the Food and Drug Administration on the design of a Phase III trial for its lung cancer treatment bavituximab.


On the downside


Profit taking sank shares of National Bank of Greece (NYSE: NBG).


Concerns that South African mine workers would demand sharp increases in pay weighed down shares of AngloGold Ashanti (NYSE: AU).


XenoPort (Nasdaq: XNPT) will stop development of its multiple sclerosis drug arbaclofen placarbil after disappointing results from a late stage clinical trial.

  

In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1667.

Records were set for the fourth week in a row with the Dow leaping 121 points to 15,354 as consumer sentiment climbed to six year high. Nasdaq soared 33 points to 3498.

On the upside

Lazard Capital Markets lifted its price target on Vanda Pharmaceuticals (Nasdaq: VNDA) from $11 to $17.


E-Commerce China Dangdang (NYSE: DANG) narrowed first quarter losses more than expected as revenue climbed.


ViaSat (Nasdaq: VSAT) reversed year ago losses to post a greater than expected profit for the fourth quarter as new contracts surged.


On the downside


Falling gold prices weighed down shares of AuRico Gold (NYSE: AUQ), Harmony Gold (NYSE: HMY) and Yamana Gold (NYSE: AUY).


Stage Stores (NYSE: SSI) widened first quarter losses as expenses rose.


A Seeking Alpha contributor recommended selling OCZ Technology Group (Nasdaq: OCZ).

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 17 points to 1667.

A gain in consumer sentiment lifted the markets during the midday with the Dow rising 54 points to 15,287. Nasdaq gained 16 points to 3481.

On the upside

A Seeking Alpha contributor noted that Real Goods Solar (Nasdaq: RSOL) had strong growth potential.


Shares of Marketo (Nasdaq: MKTO) leaped on its first trading day.


A report commissioned by for-profit educator Corinthian Colleges (Nasdaq: COCO) stated that California community colleges lack the capacity to enroll 840,000 Latino students over the next ten years.


On the downside


Profit taking sanks shares of Uni-Pixel (Nasdaq: UNXL).


HSBC Securities upgraded Youku Tudou (NYSE: YOKU) but the stock price tumbled.


Investors locked in profits on Eagle Bulk Shipping (Nasdaq: EGLE).

  

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 rose 8 points to 1658.

May consumer sentiment climbed to a six year high to lift the markets to a higher open with the Dow gaining 57 points to 15,290. Nasdaq rose 18 points to 3484.

On the upside

James River Coal (Nasdaq: JRCC) will exchange approximately $243.4 million senior convertible notes with $123.3 million new senior convertible notes.


Bargain hunters snapped up shares of Advanced Micro Devices (NYSE: AMD).


Shares of SolarCity (NYSE: SCTY) continued rising after announcing yesterday an agreement with Goldman Sachs to provide more than $500 million in lease financing for solar power projects.


On the downside


Aruba Networks (Nasdaq: ARUN) fell to a loss for the third quarter as expenses climbed prompting downgrades.


J. C. Penney (NYSE: JCP) widened first quarter losses more than expected as revenue dropped.


Autodesk (Nasdaq: ADSK) disappointed with lower first quarter earnings that fell short of expectations, forecast current quarter results below estimates and cut its full year revenue guidance.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index gained 9 points to 1660.

An increase in jobless claims along with a sharp drop in April housing starts weighed the markets down to a lower close with the Dow falling 42 points to 15,233. Nasdaq lost 6 points to 3465.

On the upside

Shares of DryShips (Nasdaq: DRYS) soared after rival Eagle Bulk Shipping (Nasdaq: EGLE) posted a profit for the first quarter.


Aegerion (NYSE: AEGR) expects a potential of up to $1 billion in global sales of its recently approved Juxtapid.


Aegean Marine Petroleum Network (NYSE: ANW) reported higher first quarter earnings.


On the downside


ReneSola (NYSE: SOL) reported a wider than expected loss for the first quarter.


NQ Mobile (NYSE: NQ) reported higher first quarter earnings and revenue but the stock price fell.


A Seeking Alpha contributor raised concerns that Orbitz Worldwide (Nasdaq: OWW) may have to restate financials.

  

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index fell 8 points to 1650.

Markets Rise On Upbeat Earnings

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Upbeat earnings lifted the market during the midday with the Dow rising 7 points to 15,283. Nasdaq rose 6 points to 3477.

On the upside

Eagle Bulk Shipping (Nasdaq: EGLE) reversed year ago losses to post a profit for the first quarter as revenue climbed.


Shares of National Bank of Greece (NYSE: NBG) climbed for the fourth day in a row despite a lack of news.


Halozyme Therapeutics (Nasdaq: HALO) expects to present positive data from a Phase 1b study of its pancreatic cancer treatment PEGPH20 at the 2013 American Society of Clinical Oncology Annual Meeting.


On the downside


Infinity Pharmaceuticals (Nasdaq: INFI) will present clinical trial data for its IPI-145 at two upcoming conferences.


Oncothyreon (Nasdaq: ONTY) reported disappointing results from a Phase III START trial of its lung cancer treatment L-BLP25.


Cyclacel Pharmaceuticals (Nasdaq: CYCC) priced its public offering of approximately 6.67 million common shares at the discounted price of $3.00 per share.

  

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1657.

The markets opened mixed with the Dow slipping 22 points to 15,253 while Nasdaq added 2 points to 3474. First time applications for unemployment benefits rose after falling to five year low last week.

On the upside

Cisco (Nasdaq: CSCO) reported higher third quarter earnings that topped analyst estimates.


First quarter earnings slipped for Kohl's (NYSE: KSS) but the results beat expectations.


Tesla Motors (Nasdaq: TSLA) announced plans yesterday to raise $830 million in order to repay Department of Energy loans.


On the downside


Goldman Sachs downgraded Advanced Micro Devices (NYSE: AMD) to a Sell rating.


Ariad Pharmaceuticals (Nasdaq: ARIA) will present data from several studies of ponatinib and AP26113 at the Annual Meeting of the American Society of Clinical Oncology from May 31 to June 4, 2013.


Investors locked in profits on William Lyon Homes (NYSE: WLH), whose stock price soared in its market debut yesterday.

  

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 3 points to 1655.

Record Dow Close Again

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Another record was set today with the Dow climbing 60 points to close at a new high of 15,275 over a gain in homebuilder confidence. Nasdaq gained 9 points to 3471.

On the upside

Shares of MEMC Electronic Materials (NYSE: WFR) continued rising after reporting better than expected quarterly revenue last week.


Lazard Capital Markets initiated coverage of Insmed (Nasdaq: INSM) with a Buy rating.


L&L Energy (Nasdaq: LLEN) will provide one million tons of coal to the Datang International Power Co. power plant.


On the downside


TheStreet Ratings affirmed its Buy rating on Rackspace Hosting (NYSE: RAX) but the stock price fell.


Athersys (Nasdaq: ATHX) widened first quarter losses more than expected as revenue plunged.


Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) fell ahead of its presentation at the Bank of America Merrill Lynch Healthcare Conference tomorrow morning.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index climbed 8 points to 1658.

The markets advanced during the midday with the Dow gaining 66 points to 15,281 as homebuilder confidence climbed in May. Nasdaq rose 8 points to 3471.

On the upside

Shares of Himax Technologies (Nasdaq: HIMX) continued rising after a Seeking Alpha article said that the stock price would climb.


Comstock Holding (Nasdaq: CHCI) reversed year ago losses to post a profit for the first quarter.


Nomura expects Trina Solar's (NYSE: TSL) margins to improve in the second quarter and that the company will post a profit in 2014.


On the downside


Western Asset Mortgage Capital (NYSE: WMC) reported a loss for the first quarter.


Computer Sciences (NYSE: CSC) swung to a profit for the fourth quarter but revenue fell to miss analyst expectations.


First Majestic Silver (NYSE: AG) reported higher first quarter revenue and earnings but the results fell short of expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index gained 8 points to 1658.

An unexpected drop in factory output and industrial production weighed the markets down to a lower open with the Dow losing 13 points to 15,201. Nasdaq eased 2 points to 3460.

On the upside

SunPower (Nasdaq: SPWR) forecast second quarter earnings ahead of estimates and full year revenue above expectations.


Cal Dive International (NYSE: DVR) received two additional contracts from Pemex Exploracion y Produccion.


Jana Partners acquired more than 25 million shares of Zynga (Nasdaq: ZNGA).


On the downside


Rockwell Medical (Nasdaq: RMTI) priced its public offering of more than 11.47 million common shares at the discounted price of $3.05 per share.


Deere & Co. (NYSE: DE) reported higher second quarter earnings that topped analyst estimates but the company warned of slower sales growth.


ExOne (Nasdaq: XONE) widened first quarter losses more than expected.

  

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped a point to 1648.

It was another record close for the Dow with the blue chip index leaping 123 points to 15,215 as investor confidence gained momentum. Nasdaq climbed 23 points to 3462.

On the upside

TearLab (Nasdaq: TEAR) narrowed first quarter losses as revenue surged.


First quarter earnings fell for InterOil (NYSE: IOC) but revenue rose.


PDI  (Nasdaq: PDII) swung to an unexpected profit for the first quarter as revenue climbed.


On the downside


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


Opexa Therapeutics (Nasdaq: OPXA) widened first quarter losses as expenses climbed.


Mechel (NYSE: MTL) extended its losses after reporting lower coal production on Monday.

  

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 2 on Nasdaq. The broader S&P 500 index soared 16 points to 1650.

The markets advanced during the midday with the Dow climbing 78 points to 15,170 on investor optimism. Nasdaq gained 26 points to 3465.

On the upside

Synacor (Nasdaq: SYNC) will showcase Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O.


Oppenheimer lifted its price target for SodaStream (Nasdaq: SODA) from $60 to $68.


A Seeking Alpha contributor expects Himax (Nasdaq: HIMX) stock to climb.


On the downside


Profit taking sank shares of Unilife (Nasdaq: UNIS).


Suburban Propane Partners (NYSE: SPH) priced its public offering of 2.7 million common units at the discounted price of $48.16 per common unit.


Velti (Nasdaq: VELT) widened first quarter losses as revenue dropped more than expected and warned that full year revenue would fall short of previous guidance.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index soared 13 points to 1647.

The markets opened higher with the Dow gaining 44 points to 15,136 as import prices fell 0.5% in April. Nasdaq climbed 16 points to 3455.

On the upside

Hedge fund Third Point suggested that Sony (NYSE: SNE) sell part of its entertainment business.


Nanosphere (Nasdaq: NSPH) entered a distribution and collaboration agreement with Hitachi High-Technologies.


Shares of 3D Systems (NYSE: DDD) continued rising after Canaccord lifted its price target on the company yesterday.


On the downside


Nokia's (NYSE: NOK) mobile phone market share fell to 14.8% from 19.7% in the first quarter.


Trina Solar (NYSE: TSL) cut its solar module shipment forecast for the first quarter.


Western Gas Partners (NYSE: WES) priced its public offering of 6.1 million common units at the discounted price of $61.18 per unit.

  

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 climbed 9 points to 1642.

The markets closed mixed with the Dow losing 26 points to 15,091 despite an unexpected gain in April retail sales as investors worried that the Federal Reserve will soon end its economic stimulus measures. Nasdaq added 2 points to 3438.

On the upside

Juniper Investment offered a premium of between $69.9 to $71.4 million to acquire Theragenics (NYSE: TGX).


Canaccord Genuity analyst Bobby Burleson lifted his price target on 3D Systems (Nasdaq: DDD) to $50 from $45.


Advanced Micro Devices (NYSE: AMD) introduced its AMD Open 3.0 servers that provide premium performance at 57% lower cost.


On the downside


Insider Monkey wrote that a Microsoft (Nasdaq: MSFT) employee denied rumors that the company was preparing to acquire Nook Media from Barnes & Noble (NYSE: BKS).


Nielsen (NYSE: NLSN) announced a secondary public offering of 35 million common shares.


The Law Offices of Howard G. Smith announced a June 24, 2013 lead plaintiff deadline in its class action lawsuit against Magnum Hunter Resources (NYSE: MHR).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index held steady at 1633.

The markets traded mixed during the midday with the Dow slipping 20 points to 15,097 while Nasdaq rose 8 points to 3445 as an unexpected 0.1% gain in April retail sales tempered concerns over the possible end to the Federal Reserve's stimulus measures.

On the upside

Shares of SolarCity (Nasdaq: SCTY) soared ahead of its first quarter earnings release after market close this afternoon.


Tesla Motors (Nasdaq: TSLA) stock continued advancing after reporting a quarterly profit for the very first time last week and receiving a near perfect score for the Model S from Consumer Reports.


Bargain hunters lifted shares of Affymax (Nasdaq: AFFY).


On the downside


A Seeking Alpha contributor noted that falling molybdenum, copper and gold prices along with soaring capital expenditures have weighed heavily on Thompson Creek Metals (NYSE: TC).


Investors locked in profits on Qihoo (NYSE: QIHU).


EMCORE (Nasdaq: EMKR) extended its losses.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1635.

The markets opened lower with the Dow losing 39 points to 15,079 over a report that the Federal Reserve's stimulus measures may soon end. Nasdaq eased a point to 3434.

On the upside

Shares of Unilife (Nasdaq: UNIS) continued rising after reporting a smaller first quarter losses last week.


Theravance (NYSE: THRX) will receive $1 billion in royalty payments from Elan for four respiratory drugs.


Molycorp (NYSE: MCP) stock extended its gains after reporting a smaller than expected loss last week.


On the downside


Mosaic (NYSE: MOS) will postpone adding 2 million metric tons of production capacity.


JoS. A. Bank Clothiers (Nasdaq: JOSB) warned that first quarter earnings will fall to miss analyst expectations.


Mechel OAO (NYSE: MTL) reported lower coal production in the first quarter.

  

In the broad market, declining issues outpaced advancers 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 slipped 2 points to 1630.

Another Winning Week

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The markets continued its winning week with the Dow gaining 35 points to close at a record 15,118 over upbeat earnings. Nasdaq climbed 27 points to 3436.

On the upside

Actavis (NYSE: ACT) and Warner Chilcott (Nasdaq: WCRX) engaged in preliminary talks for a possible merger of the two companies.


The European Union plans to impose harsh tariffs on Chinese solar companies but investors expect an amicable solution because Europe hopes to increase exports to China. Shares of Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) climbed.


Guggenheim initiated coverage of Trius Therapeutics (Nasdaq: TSRX) with a Buy rating.


On the downside


ExactTarget (NYSE: ET) widened first quarter losses and forecast current quarter earnings below expectations.


Emcore (Nasdaq: EMKR) reversed year ago losses to post a profit for the second quarter but the stock price fell.


MagicJack (Nasdaq: CALL) reported higher first quarter earnings and revenue but the stock price dropped.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index gained 7 points to 1633.

After a record week, the markets traded mixed during the midday with the Dow losing 20 points to 15,061 as investors monitored global developments. Nasdaq gained 13 points to 3422.

On the upside

Warner Chilcott (Nasdaq: WCRX) reported flat first quarter earnings but the results were better than expected.


Unilife (Nasdaq: UNIS) narrowed third quarter losses on lower expenses.


ServiceSource (Nasdaq: SREV) widened first quarter losses but the results topped analyst estimates.


On the downside


Universal Display (Nasdaq: PANL) widened first quarter losses as expenses climbed.


MBIA (NYSE: MBI) reported sharply higher first quarter earnings but the stock price fell.


AutoNavi (Nasdaq: AMAP) reported lower first quarter earnings and revenue.

  

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 nearly 7 to 5 on Nasdaq. The broader S&P 500 index held steady at 1626.

Mixed Open After Record Week

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The markets opened mixed with the Dow slipping 10 points to 15,071 while Nasdaq rose 10 points to 3419.

On the upside

Molycorp (NYSE: MCP) widened first quarter losses but the results were better than expected.


Sequenom (Nasdaq: SQNM) widened losses for the first quarter but revenue more than doubled.


TheStreet upgraded Tesla Motors (Nasdaq: TSLA) to a Buy rating from Hold.


On the downside


Affymax (Nasdaq: AFFY) warned in its 10-Q filing that it may never achieve profitability and may not be able to continue operations if safety concerns over OMONTYS are not rectified by Takeda Pharmaceutical.


Pfizer (NYSE: PFE) has yet to decide whether it would continuing pursuing regulatory approval of Pain Therapeutics' (Nasdaq: PTIE) abuse resistant pain treatment Remoxy. Remoxy was developed using Durect (Nasdaq: DRRX) technology.


Optimer Pharmaceuticals (Nasdaq: OPTR) widened first quarter losses more than expected.

  

In the broad market, advancing issues outpaced decliners 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 added 2 points to 1628.

The markets retreated to close lower with the Dow losing 22 points to 15,082 despite a drop in jobless claims to a five year low. Nasdaq slipped 4 points to 3409.

On the upside

Boston Scientific (NYSE: BSX) reported positive results from a four-year follow-up to a clinical trial of its Watchman Left Atrial Appendage Closure device.


First quarter earnings and revenue slipped for Thompson Creek Metals (NYSE: TC) but revenue beat expectations.


Orbitz Worldwide (Nasdaq: OWW) swung to a profit for the first quarter as revenue rose.


On the downside


Willbros Group (NYSE: WG) narrowed losses for the first quarter but the results missed analyst expectations.


Quantum (NYSE: QTM) widened fourth quarter losses more than expected as revenue fell.


First quarter earnings more than doubled for Cooper Tire & Rubber (Nasdaq: CTB) but revenue dropped to fall far short of expectations.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 index fell 6 points to 1626.

The markets advanced during the midday with the Dow rising 18 points to 15,123 as investors welcomed a drop in first time applications for unemployment benefits. Nasdaq gained 9 points to 3423.

On the upside

Shares of Affymax (Nasdaq: AFFY) continued rising after a Seeking Alpha contributor expressed confidence that the biopharmaceutical would successfully address safety concerns of its anemia drug Omontys.


Tesla Motors (Nasdaq: TSLA) reported a profit for the very first time to surpass analyst expectations by a wide margin. Also, Consumer Reports rated the Model S a near perfect score of 99 out of 100


Ctrip.com International (Nasdaq: CTRP) reported lower first quarter earnings but the results were better than expected.


On the downside


McDermott (NYSE: MDR) disappointed with sharply lower first quarter earnings that fell short of analyst expectations.


Pizza Inn (Nasdaq:PZZI) fell to a loss for the third quarter as revenue slipped.


SS&C Technologies (Nasdaq: SSNC) priced its public secondary offering of 7.5 million common shares at the discounted price of $32.20 per share.

  

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 1632.

Jobless claims unexpectedly dropped to a five year low but the markets opened lower with the Dow losing 25 points to 15,079 after a record close yesterday. Nasdaq slipped 6 points to 3407.

On the upside

TechCrunch reported that Microsoft (Nasdaq: MSFT) may be interested in acquiring the remaining digital assets of Nook Media from Barnes & Noble (NYSE: BKS) that it does not already own for approximately $1 billion.


Groupon (Nasdaq: GRPN) narrowed first quarter losses as revenue rose more than expected.


Green Mountain Coffee Roasters (Nasdaq: GMCR) reported sharply higher second quarter earnings that topped analyst estimates and lifted its full year earnings guidance.


On the downside


Rackspace Hosting (NYSE: RAX) reported higher first quarter revenue and earnings but the results missed expectations prompting downgrades.


LivePerson (Nasdaq: LPSN) fell to an unexpected loss for the first quarter and forecast second quarter results below estimates.


Dendreon (Nasdaq: DNDN) narrowed first quarter losses but the results fell short of expectations.

  

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 4 points to 1628.

Upbeat earnings boosted the markets further into record territory with the Dow gaining 48 points to 15,105. Nasdaq climbed 16 points to 3413.

On the upside

Trulia (NYSE: TRLA) will pay a premium of approximately $11.33 per share to acquire Market Leader (Nasdaq: LEDR).


Walter Energy (NYSE: WLT) began trading ex-dividend today but the stock price soared.


IAMGOLD (NYSE: IAG) reported sharply lower first quarter earnings but the results were better than expected.


On the downside


Isis Pharmaceuticals (Nasdaq: ISIS) narrowed losses for the first quarter but the stock price fell after announcing a public offering of 9 million common shares.


Resolute Energy (NYSE: REN) will offer 13.25 million shares of common stock.


AOL (Nasdaq: JAZZ) reported higher first quarter earnings but the results fell short of expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index gained 6 points to close at a record 1632.

The markets advanced further into record territory during the midday with the Dow rising 10 points to 15,066 on upbeat earnings. Nasdaq gained 12 points to 3409.

On the upside

A Seeking Alpha contributor expects Affymax (Nasdaq: AFFY) to return OMONTYS to the market this year after successfully addressing adverse patient reactions.


Whole Foods Market (Nasdaq: WFMA) reported higher second quarter earnings and revenue prompting the company to lift its full year earnings guidance.


J.C. Penney (NYSE: JCP) reported that it spent less cash than expected in the first quarter.


On the downside


Axiall (NYSE: AXLL) disappointed by falling to an unexpected loss for the first quarter.


Oclaro (Nasdaq: OCLR) blamed continued softness in the telecommunications market for widening third quarter losses.


Concerns that the Food and Drug Administration may approve a generic version of Jazz Pharmaceuticals' (Nasdaq: JAZZ) narcolepsy medication Xyrem sank shares of the specialty biopharmaceutical.

  

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 rose 3 points to 1629.

The markets opened mixed with the Dow slipping 10 points to 15,045 while Nasdaq rose 6 points to 3403 as investors paused after a record close yesterday.

On the upside

Electronic Arts (Nasdaq: EA) reported lower fourth quarter earnings and revenue but the video game developer forecast 2014 earnings ahead of analyst estimates.


Teva Pharmaceuticals (NYSE: TEVA) signed an exclusive U. S. license and supply agreement for Alexza Pharmaceuticals' (Nasdaq: ALXA) agitation treatment Adasuve.


Pioneer Southwest Energy Partners (NYSE: PSE) received an acquisition offer from Pioneer Natural Resources (NYSE: PXD).


On the downside


Fusion-io (NYSE: FIO) chief executive David Flynn resigned and chief marketing officer and company co-founder Rick White resigned.


ValueClick (Nasdaq: VCLK) reported higher first quarter earnings and revenue but revenue fell short of analyst estimates and the online marketing services provider forecast second quarter revenue that fell short of expectations.


Cobalt International Energy (NYSE: CIE) priced its secondary public offering of 50 million common shares at the discounted price of $26.80 per share.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index edged up a point to 1627.

Record Day For Dow, S&P 500

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The Dow closed above the 15,000 mark for the first time by climbing 87 points to 15,056. Nasdaq rose 3 points to 3396.

On the upside

The Drug Enforcement Agency classified Arena Pharmaceuticals' (Nasdaq: ARNA) obesity treatment Belviq a Schedule IV drug, the second least restrictive designation. Belviq will be available by prescription in thirty days and Eisai will make a $65 million milestone payment to Arena.


Magnum Hunter (NYSE: MHR) subsidiary Alpha Hunter Drilling acquired a Schramm T500XD drilling rig for its Utica wells.


Insulet (Nasdaq: PODD) narrowed first quarter losses more than expected as revenue climbed.


On the downside


BMO Capital Markets downgraded Synta Pharmaceuticals (Nasdaq: SNTA) from an Outperform rating to a Market Perform rating and slashed its price target from $18 to $9.


Profit taking sank shares of Genco Shipping (NYSE: GNK).


Vitamin Shoppe (NYSE: VSI) reported higher first quarter earnings and revenue but the company trimmed its full year guidance.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index gained 8 points to 1625.

Dow Tops 15,000

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The Dow broke the 15,000 mark again by gaining 49 points to 15,018 during the midday. Nasdaq eased 2 points to 3390.

On the upside

Fossil (Nasdaq: FOSL) reported higher first quarter earnings and revenue that surpassed analyst expectations.


First quarter earnings climbed for EOG Resources (NYSE: EOG) to beat expectations as revenue rose.


Nautilus (NYSE: NLS) reported sharply higher first quarter earnings that more than doubled as revenue climbed and margins improved.


On the downside


Cutera (Nasdaq: CUTR) reported a wider than expected loss for the first quarter as revenue fell short of expectations.


Albany Molecular Research (Nasdaq: AMRI) swung to a profit for the first quarter but the stock price dropped.


Quicksilver Resources (NYSE: KWK) reported a loss for the first quarter and cancelled the proposed initial public offering of a master limited partnership.

  

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 rose 4 points to 1622.

The markets opened mixed with the Dow rising 30 points to 14,999 while Nasdaq slipped 3 points to 3389 as investors monitored earnings news.

On the upside

Himax Technologies (Nasdaq: HIMX) reported higher first quarter earnings and revenue that topped expectations and forecast higher second quarter earnings.


First quarter earnings slipped for MercadoLibre (Nasdaq: MELI) but revenue climbed to surpass expectations.


Santarus (Nasdaq: SNTS) reported sharply higher first quarter earnings and revenue that beat analyst expectations and lifted its full year guidance.


On the downside


Aruba Networks (Nasdaq: ARUN) warned that third quarter earnings and revenue would fall far short of expectations.


First Solar (Nasdaq: FSLR) reversed year ago losses to post a profit for the first quarter but the results missed expectations.


Ruckus Wireless (NYSE: RKUS) disappointed with lower first quarter earnings that fell short of expectations and forecast second quarter revenue below estimates.

  

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 edged up a point to 1619.

The markets closed mixed with the Dow slipping 5 points to 14,968 as investors monitored corporate earnings. Nasdaq gained 14 points to 3392.

On the upside

Expectations that Renren (NYSE: RENN) will report sharply higher first quarter revenue next week lifted shares of the social networking site.


BB&T Capital Markets upgraded YRC Worldwide (Nasdaq: YRCW) from an Underweight rating to a Hold rating.


3D Systems (NYSE: DDD) will replace Macerich (NYSE: MAC) on the S&P MidCap 400 Index after market close on Wednesday, May 8.


On the downside


TheStreet recommended selling Groupon (Nasdaq: GRPN) before the online deals site reports earnings on Wednesday after market close.


Shares of Himax Technologies (Nasdaq: HIMX) fell ahead of its earnings release tomorrow morning before market open.


Profit taking sank shares of Synacor (Nasdaq: SYNC).

  

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index added 3 points to close at a record 1617.

The markets traded higher during the midday with the Dow adding 2 points to 14,976 as Bank of America and UBS both settled lawsuits with bond insurers. Nasdaq gained 12 points to 3391.

On the upside

Dow Jones reported that Bank of America (NYSE: BAC) will settle a lawsuit filed by MBIA (NYSE: MBI) by paying the bond insurer $1.6 billion in cash. The news lifted shares of fellow mortgage insurer MGIC Investment (NYSE: MTG).


Assured Guaranty (NYSE: AGO) announced that UBS will pay the bond insurer $358 million to settle its breach of contract lawsuit.


Penn West (NYSE: PWE) named Rick George to the position of Chairman of the Board and Allan Markin as Vice Chairman.


On the downside


Shares of Ultra Petroleum (NYSE: UPL) continued falling after reporting sharply lower first quarter earnings on Friday.


TheStreet suggested that Aveo Pharmaceuticals (Nasdaq: AVEO) chief executive Tuan Ha-Ngoc should be fired for incompetence.


A Seeking Alpha contributor wrote that Halcon Resources (NYSE: HK) was over valued.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index rose 3 points to 1617.

Mixed Open After Record Week

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The markets opened mixed with the Dow slipping 7 points to 14,966 while Nasdaq gained 11 points to 3390 as investors took a breather after setting new records last week for the Dow and S&P 500.

On the upside

FBR Capital Markets upgraded Cliffs Natural Resources (NYSE: CLF) to an Outperform rating.


Advanced Micro Devices (NYSE: AMD) commenced an exchange of senior notes for registered notes.


Arkansas Best (Nasdaq: ABFS) subsidiary ABF Freight System reached a tentative agreement with the Teamsters National Freight Industry Negotiating Committee for a five year contract.


On the downside


Linn Energy (Nasdaq: LINE) began trading ex-dividend today.


Tyson Foods (NYSE: TSN) disappointed with lower second quarter earnings that fell short of analyst expectations and cut its full year guidance.


Shares of Trina Solar (NYSE: TSL) slipped over concerns that Europe may impose tariffs on Chinese solar panels.

  

In the broad market, advancing issues outpaced decliners 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 added 2 points to 1616.

A greater than expected 165,000 jobs were created in April to propel the Dow to a record close by surging 142 points to 14,973. Nasdaq soared 38 points to 3378.

On the upside

Bargain hunters lifted shares of Halcon Resources (NYSE: HK).


Procera Networks (Nasdaq: PKT) fell to a loss for the first quarter but revenue climbed and the company announced that it received two multi-million dollar expansion orders.


comScore (Nasdaq: SCOR) widened first quarter losses but the results were better than expected prompting an upgrade.


On the downside


Thoratec (Nasdaq: THOR) reported lower first quarter earnings and revenue that fell short of analyst expectations.


Harmony Gold Mining (NYSE: HMY) reported an unexpected loss for the third quarter as output dropped.


The Justice Department sued Chemed (NYSE: CHE) for submitting false Medicare claims going back to 2004 and Chemed's Vitas hospice business going back to 2002.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index climbed 16 points to 1614.

Investors embraced upbeat jobs data to send the markets soaring during the midday with the Dow leaping 151 points to 14,982. Nasdaq surged 41 points to 3381.

On the upside

Weatherford International (NYSE: WFT) reported lower first quarter earnings but revenue rose and the company expects profit margins and income to improve.


First quarter earnings fell for American Axle & Manufacturing Holdings (NYSE: AXL) but the results were better than expected.


YRC Worldwide (Nasdaq: YRCW) narrowed first quarter losses and posted an operating income for the first time in six years.


On the downside


First quarter earnings plunged for ZAGG (Nasdaq: ZAGG) to fall short of analyst expectations on lower revenue prompting the company to lower its full year guidance.


LinkedIn (NYSE: LNKD) reported sharply higher first quarter earnings and revenue that surpassed analyst expectations but the online professional networking service forecast current quarter and full year revenue below estimates.


American Capital Agency (Nasdaq: AGNC) fell to a comprehensive loss for the first quarter.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index soared 17 points to 1615.

The nation's unemployment rate fell to a four year low of 7.5% as more jobs than expected were created in April. The markets surged with the Dow jumping 159 points to 14,988 while Nasdaq leaped 42 points to 3383.

On the upside

InvenSense (NYSE: INVN) reported higher fourth quarter earnings and revenue that beat analyst expectations.


Flagstar Bank will pay $110 million to MBIA (NYSE: MBI) to settle a mortgage lawsuit.


Blucora (Nasdaq: BCOR) reported sharply higher first quarter earnings that more than doubled as revenue soared.


On the downside


Central European Media Enterprises (Nasdaq: CETV) priced its public offering of more than 54.4 million common shares at the discounted price of $2.75 per share.


Vocera Communications (NYSE: VCRA) widened first quarter losses more than expected as revenue fell.


Arena Pharmaceuticals (Nasdaq: ARNA) narrowed first quarter losses but the company is still waiting for the Drug Enforcement Agency to classify its obesity treatment Belviq.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 14 points to 1597.

A drop in jobless applications sent the markets soaring to a sharply higher close with the Dow leaping 130 points to 14,831. Nasdaq jumped 41 points to 3340.

On the upside

SunPower (Nasdaq: SPWR) narrowed first quarter losses more than expected as revenue climbed.


First quarter earnings slipped for Hornbeck Offshore Services (NYSE: HOS) but the results surpassed analyst expectations and revenue climbed.


STAAR Surgical (Nasdaq: STAA) reported higher first quarter earnings as revenue rose.


On the downside


A Food and Drug Administration advisory panel recommended that Aveo Pharmaceuticals' (Nasdaq: AVEO) kidney cancer treatment Tivopath not be approved.


PBF Energy (NYSE: PBF) reversed year ago losses to post a profit for the first quarter but the company spent more than expected to purchase renewable fuel credits.


Shares of Insys Therapeutics (Nasdaq: INSY) plunged on its first trading day.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 14 points to 1597.

The markets extended its gains during the midday with the Dow soaring 110 points to 14,811 as the nation's trade deficit dropped 11% in March. Nasdaq surged 36 points to 3335.

On the upside

Renewable Energy Group (Nasdaq: REGI) reported sharply higher first quarter earnings as biodiesel demand increased.


Beazer Homes (NYSE: BZH) narrowed second quarter losses as revenue climbed to surpass expectations.


First quarter earnings slipped for Monster Worldwide (NYSE: MWW) due to a weak job market but the results met analyst expectations and the online recruitment company announced plans to repurchase shares if efforts to find a buyer fail.


On the downside


Brocade Communications Systems (Nasdaq: BRCD) reported preliminary second quarter earnings and revenue that fell below its previous guidance.


Alpha Natural Resources (NYSE: ANR) widened first quarter losses as revenue dropped.


Walter Energy (NYSE: WLT) narrowed first quarter losses but revenue tumbled to fall short of expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index climbed 13 points to 1596.

Applications for unemployment benefits dropped last week to a five year low to lift the markets to a higher open with the Dow climbing 72 points to 14,773. Nasdaq gained 25 points to 3324.

On the upside

Yelp (NYSE: YELP) narrowed first quarter losses as revenue rose to top estimates and the online review site forecast current quarter revenue ahead of expectations.


MGM Resorts (NYSE: MGM) swung to an unexpected profit for the first quarter as Macau profits continued rising.


Generac Holdings (NYSE: GNRC) reported sharply higher first quarter earnings as revenue climbed.


On the downside


AU Optronics (NYSE: AUO) announced a follow-on public offering of 74 million American Depositary Shares.


Halcon Resources (NYSE: HK) reversed year ago losses to post a profit for the first quarter but the results missed expectations.


NII Holdings (Nasdaq: NIHD) fell to a loss for the first quarter as revenue fell.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 9 points to 1592.

Weak economic data sent the markets tumbling to a sharply lower close with the Dow plummeting 138 points to 14,700. Nasdaq dropped 29 points to 3299.

On the upside

James River Coal (Nasdaq: JRCC) widened first quarter losses but the results were better than expected.


Rumors circulated that Intel (Nasdaq: INTC) may acquire Advanced Micro Devices (NYSE: AMD).


First quarter earnings slipped for Western Union (NYSE: WU) but the results were better than expected.


On the downside


TheStreet Ratings downgraded Astex Pharmaceuticals (Nasdaq: ASTX) to a Hold rating from a Buy rating.


Entropic Communications (Nasdaq: ENTR) fell to a loss for the first quarter prompting a downgrade.


Regal Beloit (NYSE: RBC) reported higher first quarter earnings but the results fell short of expectations and the company forecast second quarter earnings below estimates.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 index tumbled 14 points to 1582.

The markets extended its losses during the midday with the Dow dropping 76 points to 14,763 as expansion of manufacturing activity slowed in April. Nasdaq fell 21 points to 3307.

On the upside

Synacor (Nasdaq: SYNC) expanded its partnership with Verizon to offer FiOS TV subscribers access to movies, cable programs and television shows from one online destination.


Shares of Regeneron Pharmaceuticals (Nasdaq: REGN) surged on news that rival Allergan (NYSE: AGN) may face delays in securing approval for its vision loss treatment Darpin.


Trulia (NYSE: TRLA) narrowed first quarter losses as revenue nearly doubled and forecast current quarter results ahead of estimates.


On the downside


Allergan (NYSE: AGN) warned that late-stage trials of its hair loss treatment Bimatoprost Scalp and its age-related macular degeneration drug Darpin must be delayed due to disappointing mid-stage results.


Manitowoc (NYSE: MTW) swung to a profit for the first quarter as revenue rose but the results fell short of analyst expectations.


SolarWinds (NYSE: SWI) reported higher first quarter earnings but the company forecast current quarter results below expectations.

  

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index dropped 9 points to 1588.

The markets opened lower with the Dow losing 59 points to 14,780 as the nation's company's added a mere 119,000 jobs last month. Nasdaq dropped 18 points to 3310.

On the upside

Neutral Tandem (Nasdaq: IQNT) sold its global data business for $54.5 million to Global Telecom & Technology.


First quarter earnings more than doubled for Genworth Financial (NYSE: GNW).


B. Riley upgraded Sourcefire (Nasdaq: FIRE) to a Buy rating.


On the downside


Investors locked in profits on SemiLEDs (Nasdaq: LEDS).


First quarter earnings slipped for Trimble Navigation (Nasdaq: TRMB) as revenue fell short of expectations and the company forecast current quarter results below estimates.


Yamana Gold (NYSE: AUY) disappointed with sharply lower first quarter earnings as gold and silver prices dropped.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 index fell 7 points to 1590.

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