June 2013 Archives

While the markets closed the second quarter higher, the Dow plunged 114 points today to end June at 14,909. Nasdaq edged up a point to 3403.

On the upside

Prosensa Holding (Nasdaq: RNA) stock surged nearly 50% on its first trading day. 

The European Medicines Agency Committee for Medicinal Products for Human Use granted a positive recommendation for the subcutaneous formulation of Herceptin, developed jointly by Halozyme Therapeutcs (Nasdaq: HALO) and Roche. 

Rebounding gold prices lifted shares of Goldcorp (NYSE: GG), Kinross Gold (NYSE: KGC), Hecla Mining (NYSE: HL) and Coeur Mining (NYSE: CDE).


On the downside


Oppenheimer initiated coverage of Palo Alto Networks (NYSE: PANW) with a Perform rating.


Citigroup downgraded Owens Corning (NYSE: OC) to a Neutral rating from a Buy rating.


OvaScience (Nasdaq: OVAS) chief executive Michelle Dipp, M.D., Ph.D. will present at the Encuentros 2013: Inspiring Innovation conference at the MIT Media Lab this evening.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index fell 6 points to 1606.

The markets recovered early morning losses but continued trading lower with the Dow dropping 59 points to 14,965 as corporate earnings disappointed. Nasdaq added 2 points to 3403.

On the upside

Emmis Communications (Nasdaq: EMMS) reversed year ago losses to post a profit for the first quarter. 

Ascendiant Capital Markets initiated coverage of American Superconductor (Nasdaq: AMSC) with a Buy rating. 

Shares of Noodles & Co. (Nasdaq: NDLS) doubled in its market debut.


On the downside


Medicare payment cuts to Amedisys (Nasdaq: AMED) in 2014 will average a greater than expected 1.7% prompting a downgrade.


Clean Diesel Technologies (Nasdaq: CDTI) priced its public offering of 1.6 million common shares at the discounted price of $1.245 per share.


Robert W. Baird downgraded Gentiva Health Services (Nasdaq: GTIV) from a Neutral rating to an Underperform rating.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 3 points to 1610.

Disappointing earnings sent the market tumbling to a sharply lower open with the Dow plunging 107 points to 14,916. Nasdaq lost 10 points to 3391.

On the upside

The European Medicines Agency Committee for Medicinal Products for Human Use recommended that Dendreon's (Nasdaq: DNDN) prostate cancer treatment Provenge be granted marketing authorization in the European Union. 

The Securities and Exchange Commission completed an investigation into Molycorp's (NYSE: MCP) public disclosures and recommended no enforcement action. 

JetBlue Airways (Nasdaq: JBLU) introduced daily nonstop flights between Fort Lauderdale to San Jose, Costa Rica.


On the downside


BlackBerry (Nasdaq: BBRY) disappointed with an unexpected loss for the first quarter as the company shipped fewer smartphones than analysts expected and warned of losses for the current quarter.


Accenture (NYSE: ACN) reported higher third quarter earnings but revenue fell short of analyst expectations and the consulting firm cut its full year revenue outlook.


Profit taking weighed down shares of Arena Pharmaceuticals (Nasdaq: ARNA).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE by more than 5 to 3 on Nasdaq. The broader S&P 500 index fell 8 points to 1605.

Upbeat economic data lifted the markets to a sharply higher close with the Dow surging 114 points to 15,024. Nasdaq climbed 25 points to 3401.

On the upside

Canaccord Genuity upgraded GT Advanced Technologies (Nasdaq: GTAT) from a Hold rating to a Buy rating. 

Shares of HD Supply Holdings (Nasdaq: HDS) rose in its market debut. 

Cantor Fitzgerald affirmed its $35 price target and Buy rating for Facebook (Nasdaq: FB) saying that the social networking site should soon reap the benefits of selling more expensive mobile ads.


On the downside


Shares of Tremor Video (NYSE: TRMR) dropped on its first trading day.


Shares of BlackBerry (Nasdaq: BBRY) fell ahead of its first quarter earnings report before market open tomorrow.


Dish Network (Nasdaq: DISH) withdrew its $4.40 per share offer to acquire Clearwire (Nasdaq: CLWR).

  

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 2 on the NYSE by more than 7 to 2 on Nasdaq. The broader S&P 500 index gained 9 points to 1613.

The markets traded higher during the midday with the Dow soaring 107 points to 15,017 as first time applications for unemployment benefits fell. Nasdaq climbed 29 points to 3405.

On the upside

Hanwha SolarOne (Nasdaq: HSOL) secured a three year $100 million term loan facility from the Export-Import Bank of Korea. 

Wind Telecomunicazioni selected Alcatel-Lucent (NYSE: ALU) to upgrade and expand its nationwide fibre-optic transport and IP communications networks. 

Shares of CDW (Nasdaq: CDW) climbed on its first trading day.


On the downside


Wells Fargo downgraded Diana Containerships (Nasdaq: DCIX) from an Outperform rating to a Market Perform rating.


Concerns that Greece's bailout program may not have enough funds sent shares of National Bank of Greece (NYSE: NBG) tumbling.


Investors locked in profits on Raptor Pharmaceuticals (Nasdaq: RPTP).

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 10 points to 1613.

An increase in May consumer spending sent the markets soaring to a sharply higher open with the Dow leaping 156 points to 15,066. Nasdaq jumped 35 points to 3411.

On the upside

United Microelectronic (NYSE: UMC) and Synopsys (Nasdaq: SNPS) announced they achieved the first milestone in their development collaboration. 

ConAgra Foods (NYSE: CAG) reversed year ago losses to post a better than expected profit for the fourth quarter and said that it expects savings from its acquisition of Ralcorp to be higher than earlier estimated. 

Canadian Solar (Nasdaq: CSIQ) continued rising after announcing a partnership with Samsung Renewable Energy yesterday.


On the downside


Peregrine Pharmaceuticals (Nasdaq: PPHM) reported that there was no significant difference in survival rates in a Phase II clinical trial of its bavituximab in patients with Stage IIIb and Stage IV non-small cell lung cancer .


Select Income REIT (NYSE: SIR) priced its public offering of 10.5 million common shares at the discounted price of $28.25 per share.


Paychex (Nasdaq: PAYX) disappointed with flat fourth quarter earnings that fell short of analyst expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE by nearly 7 to 2 on Nasdaq. The broader S&P 500 index soared 16 points to 1619.

The markets closed sharply higher with the Dow surging 149 points to 14,910 as weakness in the first quarter sparked hopes that the Federal Reserve would continue its stimulus measures. Nasdaq soared 28 points to 3376.

On the upside

Canadian Solar (Nasdaq: CSIQ) partnered with Samsung Renewable Energy to open a manufacturing facility in Ontario. 

Chardan Capital Markets wrote that Himax (Nasdaq: HIMX) was oversold. 

Liberty Bancshares will merge into Home BancShares (Nasdaq: HOMB).


On the downside


Shares of NanoString Technologies (Nasdaq: NSTG) fell on its first trading day.


PTC Therapeutics (Nasdaq: PTCT) stock fell after closing its initial public offering yesterday.


President Obama announced yesterday during his climate change speech that limits will be imposed on carbon emissions sending shares of coal producer Walter Energy (NYSE: WLT) tumbling.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE by nearly 5 to 4 on Nasdaq. The broader S&P 500 index climbed 15 points to 1603.

Markets Rise On Weak GDP

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Weaker than expected expansion of the nation's economy lifted the markets during the midday with the Dow climbing 82 points to 14,842 with expectations mounting that the Federal Reserve would continue its stimulus measures. Nasdaq gained 21 points to 3369.

On the upside

Shares of Luxoft Holding (NYSE: LXFT) surged in its market debut. 

Nomura upgraded MGM Resorts (NYSE: MGM) to a Buy rating from a Neutral rating and lifted its price target to $18 from $16. 

The Food and Drug Administration granted orphan drug exclusivity to Raptor Pharmaceutical's (Nasdaq: RPTP) cysteamine bitartrate delayed-release capsules to treat nephropathic cystinosis.


On the downside


Canadian telecommunications companies Rogers Communications (NYSE: RCI) and TELUS (NYSE: TU) will both offer the fourth generation iPad with Wi-Fi + Cellular and the iPad mini with Wi-Fi + Cellular with data plans that do not include a contract. Price war concerns sent both stocks tumbling.


Falling gold prices weighed down shares of Barrick Gold (NYSE: ABX), Gold Fields (NYSE: GFI) and McEwen Mining (NYSE: MUX).


Investors locked in profits on CombiMatrix (Nasdaq: CBMX).

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE by nearly 9 to 7 on Nasdaq. The broader S&P 500 index gained 9 points to 1597.

The nation's economy expanded at a weaker than expected 1.8% in the first quarter which raised hopes that the Federal Reserve would continue its bond buying program. The markets opened higher with the Dow soaring 111 points to 14,871 while Nasdaq gained 21 points to 3369.

On the upside

Real Goods Solar (Nasdaq: RSOL) will deploy a 2.2 megawatt solar farm for St. Albans Solar Partners in Vermont. 

Cowen and Co. upgraded Pandora Media (NYSE: P) from a Neutral rating to an Outperform rating. 

Synaptics (Nasdaq: SYNA) lifted its revenue guidance for the fourth quarter.


On the downside


Five Below (Nasdaq: FIVE) priced its secondary offering of 6 million common shares at the discounted price of $36 per share.


Third quarter earnings tumbled for Apollo Group (Nasdaq: APOL) as enrollment dropped.


Kandi Technologies (Nasdaq: KNDI) entered an agreement with two institutional investors for a registered direct placement of approximately $26.3 million of common stock at $6.03 per share.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 10 points to 1598.

Strong housing data boosted the markets to a sharply higher close with the Dow surging 100 points to 14,760. Nasdaq climbed 27 points to 3347.

On the upside

Allot Communications (Nasdaq: ALLT) received new orders from three tier one operators. 

Standpoint Research initiated coverage of YRC Worldwide (Nasdaq: YRCW) with a Buy rating. 

UBS analyst Steve Milunovich affirmed his Buy rating and $19 price target for Fuison-IO (NYSE: FIO).


On the downside


American Vanguard (NYSE: AVD) warned that second quarter earnings may fall short of analyst expectations due to inclement weather prompting a downgrade.


The City of New York will audit the billing practices of Navigant Consulting (NYSE: NCI).


Infinity Pharmaceuticals (Nasdaq: INFI) reported upbeat results from a Phase 1 study of IPI-145 in treating a broad range of blood cancers but the stock price fell.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 14 points to 1588.

The markets extended its gains during the midday with the Dow soaring 114 points to 14,774 as consumer confidence jumped in June. Nasdaq gained 24 points to 3345.

On the upside

J. P. Morgan initiated coverage of First Solar (Nasdaq: FSLR) yesterday with an Overweight rating and set a price target of $64.

Peregrine Pharmaceuticals (Nasdaq: PPHM) will be added to the Russell 3000 and Russell Global Indexes on June 28, 2013. 

Bargain hunters snapped up shares of e-Commerce China Dangdang (NYSE: DANG).


On the downside


Demand Media (NYSE: DMD) lowered its revenue guidance for the second quarter and withdrew its full year outlook prompting downgrades.


Investors locked in profits on Isis Pharmaceuticals (Nasdaq: ISIS).


Seattle Genetics (NYSE: SGEN) temporarily stopped a clinical study treating Hodgkin lymphoma patients with Adcetris and chemotherapy due to safety concerns.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE by nearly 7 to 3 on Nasdaq. The broader S&P 500 index climbed 14 points to 1587.

Sales of new single family homes climbed to a five year high to lift the markets to a higher open with the Dow gaining 73 points to 14,733. Nasdaq rose 10 points to 3331.

On the upside

The New York State Department of Health conditionally approved CombiMatrix's (Nasdaq: CBMX) chromosomal microarray analysis test for miscarriage analysis.

A surge in April home prices lifted shares of PulteGroup (NYSE: PHM). 

Pandora Media (NYSE: P) announced that its internet radio service has more than 2.5 million unique users and is now available in over 100 car models.


On the downside


Walgreen (NYSE: WAG) reported higher third quarter earnings and revenue but the results fell short of analyst expectations.


Mitek Systems (Nasdaq: MITK) priced its public offering of approximately 2.85 million common shares at the discounted price of $5.25 per share.


Fourth quarter losses more than doubled for Barnes & Noble (NYSE: BKS).

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE by nearly 7 to 3 on Nasdaq. The broader S&P 500 index gained 7 points to 1580.

Fears of a credit crisis in China sent the markets into a slump with the Dow skidding 139 points to 14,659. Nasdaq sank 36 points to 3320.

On the upside

TradeMonster co-founder Jon Najarian bought shares of Halozyme Therapeutics (Nasdaq: HALO).

Sirius XM Radio (Nasdaq: SIRI) will offer its Sync AppLink voice command technology for Ford (NYSE: F) vehicles. 

Microsoft (Nasdaq: MSFT) partnered with Oracle (Nasdaq: ORCL) to offer cloud computing services.


On the downside


Profit taking sank shares of home building products company Trex (NYSE: TREX).


Concerns about the Chinese economy weighed down shares of e-Commerce China Dangdang (NYSE: DANG).


Bloomberg Businessweek questioned the business model of Gogo (Nasdaq: GOGO) saying that most passengers do not and will not pay for inflight Wi-Fi service.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE by more than 3 to 1 on Nasdaq. The broader S&P 500 index tumbled 19 points to 1573.

The markets stumbled during the midday with the Dow plummeting 141 points to 14,657 as Goldman Sachs downgraded the growth forecast for China's economy. Nasdaq plunged 43 points to 3313.

On the upside

Keynote Systems (Nasdaq: KEYN) will be taken private by Thoma Bravo for a premium of approximately $369 million in cash.

Bargain hunters lifted shares of OCZ Technology Group (Nasdaq: OCZ). 

BB&T Capital upgraded Chiquita Brands (NYSE: CQB) from a Hold rating to a Buy rating.


On the downside


Solazyme (Nasdaq: SZYM) will dissolve its joint venture with Roquette Nutritionals.


Shares of coal producers Walter Energy (NYSE: WLT), James River Coal (Nasdaq: JRCC) and Arch Coal (Nasdaq: ACI) fell ahead of President Obama's climate change plan speech tomorrow.


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

  

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE by more than 7 to 2 on Nasdaq. The broader S&P 500 index sank 20 points to 1571.

Concerns about the Chinese banking system sent the markets tumbling to a sharply lower open with the Dow slumping 217 points to 14,581. Nasdaq plummeted 51 points to 3305.

On the upside

Tenet Healthcare (NYSE: THC) will pay a premium of approximately $1.73 billion to acquire Vanguard Health Systems (NYSE: VHS).

STEC (Nasdaq: STEC) will be acquired by Western Digital (Nasdaq: WDC) in an all cash deal of approximately $340 million. 

Isis Pharmaceuticals (Nasdaq: ISIS) reported positive results from a Phase 2 study of its high triglyceride and type 2 diabetes treatment ISIS-APOIII Rx.


On the downside


Investors locked in profits on Cytokinetics (Nasdaq: CYTK).


Andy Tian, the head of Zynga's (Nasdaq: ZNGA) China operations, will depart the company at the end of June.


Deutsche Bank downgraded Allergan (NYSE: AGN) from a Buy rating to a Hold rating and lowered its price target from $113 to $98.

  

In the broad market, declining issues outpaced advancers by a margin of more than 13 to 1 on the NYSE by more than 7 to 1 on Nasdaq. The broader S&P 500 index plunged 26 points to 1566.

Wary Investors, Mixed Close

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The markets closed mixed with the Dow gaining 41 points to 14,799 as investors cautiously returned to the markets. Nasdaq slipped 7 points to 3357.

On the upside

Crestwood Midstream Partners (NYSE: CMLP), Crestwood Holdings, Inergy (NYSE: NRGY) and Inergy Midstream (NYSE: NRGM) completed two out of three steps to complete their merger.

A Seeking Alpha contributor wrote that Amgen (Nasdaq: AMGN) had strong pipeline of drugs due in part to its partnership with Cytokinetics (Nasdaq: CYTK). 

OSI Systems (Nasdaq: OSIS) reached an agreement to settle concerns with the Department of Homeland Security related to the company's Rapiscan Secure 1000SP full body scanners.


On the downside


Nasdaq informed Biosante Pharmaceuticals (Nasdaq: BPAX) that it would be delisted for failing to comply with listing criteria.


Concerns that home sales will drop in response to a tapering of stimulus measures weighed down shares of Lumber Liquidators (NYSE: LL) and Nationstar Mortgage (NYSE: NSM).


Kindred Healthcare will not renew its contract with PharMerica (NYSE: PMC) for skilled nursing pharmacy services.

  

In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 index rose 4 points to 1592.

The markets failed to gain traction in a choppy trading session with the Dow slipping 8 points to 14,750 as investors continued debating the economic impact of tapering stimulus measures. Nasdaq fell 21 points to 3343.

On the upside

Daily Mail reported that GlaxoSmithKline (NYSE: GSK) was rumored to be exploring a possible $55 per share offer to acquire Theravance (Nasdaq: THRX).

Synta Pharma (Nasdaq: SNTA) director Bruce Kovner purchased 200,000 shares of company stock. 

Apollo Global Management will sell 6.5 million common shares of Rexnord (NYSE: RXN) stock at $16.00 per share.


On the downside


A Seeking Alpha contributor wrote that Ebix (Nasdaq: EBIX) stock was worth at most $8 per share.


A Seeking Alpha article suggested that Uni-Pixel (Nasdaq: UNXL) may be under investigation by the Securities and Exchange Commission.


A Seeking Alpha contributor expects Kandi Technologies (Nasdaq: KNDI) stock to drop down to between $4.00 to $5.00.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 10 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 index added 2 points to 1590.

Mixed Open As Investors Pause

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The markets opened mixed with the Dow rising 31 points to 14,790 while Nasdaq lost 8 points to 3356 as investors paused to evaluate the impact of tapering stimulus measures.

On the upside

Tsinghua Holdings Co. offered a premium of approximately $1.3 billion in cash to acquire Spreadtrum (Nasdaq: SPRD).

CarMax (NYSE: KMX) reported higher first quarter earnings and revenue that surpassed analyst expectations. 

Bargain hunters lifted shares of Mechel (NYSE: MTL).


On the downside


Oracle (Nasdaq: ORCL) reported higher fourth quarter earnings but revenue fell short of expectations.


The Food and Drug Administration requested additional safety data from Idenix Pharmaceuticals (Nasdaq: IDIX) for its hepatitis C treatment IDX20963.


Ashford Hospitality Trust (NYSE: AHT) priced its pubic offering of 11 million common shares at the discounted price of $12 per share.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index rose 4 points to 1592.

Concerns about tapering economic stimulus measures sent the markets into a tailspin with the Dow diving 353 points to 14,758. Nasdaq collapsed 78 points to 3391.

On the upside

On Track Innovations (Nasdaq: OTIV) received a favorable decision on claim construction in its patent infringement suit against T-Mobile.

Sprint Nextel (NYSE: S) increased its offer to purchase Clearwire (Nasdaq: CLWR) to $5 per share, topping Dish Network's $4.40 per share bid. 

Repros Therapeutics (Nasdaq: RPRX) priced its public offering of 3.75 million common shares at $19 per share but the stock price rose.


On the downside


Shares of Wisdom Tree Investments (Nasdaq: WETF) continued falling after Citigroup downgraded the company on Tuesday.


ECOtality (Nasdaq: ECTY) closed its private placement of $8.2 million worth of common stock and warrants.


GOL Linhas Aereas (NYSE: GOL) reported a drop in revenue passenger kilometers for May.

  

In the broad market, declining issues outpaced advancers by a margin of more than 11 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 index plummeted 40 points to 1588.

The markets traded sharply lower during the midday with the Dow collapsing 206 points to 14,905 over fears that a decline in stimulus measures would hurt the recovering economy. Nasdaq plummeted 51 points to 3391.

On the upside

Wright Medical Group (Nasdaq: WMGI) will sell its OrthoRecon implant business to MicroPort Scientific for $290 million in cash.

PTC Therapeutics (Nasdaq: PTCT) climbed on its first trading day. 

The Wall Street Journal reported that Microsoft (Nasdaq: MSFT) had been engaged in negotiations to purchase Nokia's (NYSE: NOK) device business.


On the downside


Standard & Poor's downgraded the long term credit rating of Navistar (NYSE: NAV) from B to B-.


Rite Aid (NYSE: RAD) swung to a profit for the first quarter but revenue fell and same store sales dropped.


Falling gold prices weighed down shares of Kinross Gold (NYSE: KGC), Barrick Gold (NYSE: ABX) and Freeport-McMoRan (NYSE: FCX).

  

In the broad market, declining issues outpaced advancers by a margin of 10 to 1 on the NYSE and by nearly 9 to 2 on Nasdaq. The broader S&P 500 index plunged 23 points to 1605.

The Federal Reserve's announcement that economic stimulus measures would decrease later this year sent the markets tumbling to a sharply lower open with the Dow sinking 235 points to 14,876. Nasdaq plunged 48 points to 3395.

On the upside

Finisar (Nasdaq: FNSR) reported lower fourth quarter earnings but the results were better than expected and the fiber optics company forecast current quarter results ahead of estimates.

Celsion's (Nasdaq: CLSN) Phase III HEAT Study results were reviewed at the 2013 European Conference on Interventional Oncology. 

Tesla Motors (Nasdaq: TSLA) continued rising after voluntarily recalling 1,228 Model S electric vehicles due to a rear seat mounting bracket defect.


On the downside


Ebix (Nasdaq: EBIX) and Goldman Sachs (NYSE: GS) cited a federal investigation into allegations of misconduct by Ebix for terminating a merger agreement between the two companies.


FuelCell Energy (Nasdaq: FCEL) priced its offering of senior convertible notes.


Progenics Pharmceuticals (Nasdaq: PGNX) priced its public offering of 8.5 million common shares at the discounted price of $4.40 per share.

  

In the broad market, declining issues outpaced advancers by a margin of more than 13 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 index plummeted 25 points to 1603.

Federal Reserve chairman Ben Bernanke indicated that economic stimulus measures may decrease later this year sending the stock price plunging to a sharply lower close with the Dow collapsing 206 points to 15,112. Nasdaq plummeted 38 points to 3443.

On the upside

Nektar Therapeutics (Nasdaq: NKTR) reported positive results from a human abuse liability study for its chronic pain treatment NKTR-181.

A Seeking Alpha contributor wrote that Lee Enterprises (NYSE: LEE) was greatly undervalued. 

Mediabistro (Nasdaq: MBIS) announced that Stratasys chairman and chief innovation officer S. Scott Crump will deliver the morning keynote address on July 10 at the Inside 3D Printing Conference & Expo while 3D Systems president and chief executive Avi Reichental will deliver the morning keynote on July 11.


On the downside


Shares of Vipshop Holdings (NYSE: VIPS) fell on news that China would not ease its monetary policy.


Zion Oil & Gas (Nasdaq: ZN) will conduct in-well testing at its Elijah #3 well.


Vitesse Semiconductor (Nasdaq: VTSS) will sell $30 million worth of common shares through a public offering.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index plunged 22 points to 1628.

Markets Flat At Midday

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The markets traded flat during the midday with the Dow losing 11 points to 15,306 ahead the Federal Reserve's policy statement. Nasdaq slipped 4 points to 3477.

On the upside

A Seeking Alpha contributor expects MannKind (Nasdaq: MNKD) to complete studies for Afrezza and market the inhalable insulin product on schedule.

FedEx (NYSE: FDX) reported lower fourth quarter earnings but the results were better than expected. 

Shares of Bluebird bio (Nasdaq: BLUE) surged in its market debut.


On the downside


Tetra Tech (Nasdaq: TTEK) warned of losses for the third quarter due to restructuring charges.


Biodel (Nasdaq: BIOD) priced its public offering of more than 4.48 million common shares at the discounted price of $4.35 per share.


Dish Network dropped out of the bidding war for Sprint Nextel (NYSE: S).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1649.

The markets opened mixed with the Dow slipping 7 points to 15,310 while Nasdaq added a point to 3483 as investors await comments from the Federal Reserve.

On the upside

Adobe Systems (Nasdaq: ADBE) reported lower second quarter earnings but the results were better than expected and subscriptions to its Creative Cloud solution increased.

Alcatel-Lucent (NYSE: ALU) will cut costs by selling assets and restructuring debt. 

Shares of Gevo (Nasdaq: GEVO) continued rising after the company resumed production at its Minnesota facility.


On the downside


TheStreet highlighted many irregularities with Vanda Pharmaceuticals' (Nasdaq: VNDA) sleep disorder treatment tasimelteon.


Orchard Supply Hardware (Nasdaq: OSH) warned that all equity holders would most likely lose their entire investment as a result of the company's Chapter 11 bankruptcy proceedings.


THL Credit (Nasdaq: TCRD) priced its public offering of 6.6 million common shares at the discounted price of $14.62 per share.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1650.

The markets surged to close sharply higher with the Dow leaping 138 points to 15,318 as investors gained confidence that the Federal Reserve would continue its economic stimulus measures. Nasdaq climbed 30 points to 3482.

On the upside

Shares of La-Z-Boy (NYSE: LZB) climbed ahead of its earnings release after market close.

Seeking Alpha named Millenial Media (NYSE: MM) as one of three small cap data mining companies with strong earnings growth potential. 

Cowen expects Rackspace Hosting (NYSE: RAX) to secure Fidelity as an OpenStack solution client.


On the downside


Profit taking weighed down shares of Orchard Supply Hardware (Nasdaq: OSH).


Shares of Yamana Gold (NYSE: AUY) and AngloGold Ashanti (NYSE: AU) fell as gold prices dropped.


Investors locked in profits on CardioNet (Nasdaq: BEAT).

  

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 12 points to 1651.

Markets Extend Gains As Fed Meets

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The markets extended its gains during the midday with the Dow soaring 129 points to 15,309 as investors remained hopeful that the Federal Reserve would maintain its bond buying program. Nasdaq climbed 29 points to 3481.

On the upside

A Seeking Alpha article said that Infinity Pharmaceuticals (Nasdaq: INFI) had promising leukemia treatments and was a good prospect.

Mechel (NYSE: MTL) announced a plans to repurchase up to $100 million of company stock. 

Reuters reported that Siemens (NYSE: SI) approached several private equity firms to purchase its stake in its Nokia Siemens Networks joint venture with Nokia (NYSE: NOK).


On the downside


Investors locked in profits on Kandi Technologies (Nasdaq: KNDI).


GenMark (Nasdaq: GNMK) cut its revenue outlook for the full year.


Hormel (NYSE: HRL) blamed higher meat expenses and soft sales for lowering its full year earnings guidance.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index climbed 11 points to 1651.

The market opened higher with the Dow climbing 73 points to 15,253 as the Federal Reserve's two-day policy-setting meeting begins today. Nasdaq gained 15 points to 3467.

On the upside

Cytokinetics (Nasdaq: CYTK) will present results from a Phase IIb clinical trial of omecamtiv mecarbil during a Hot Line Late Breaking Trials Session at the European Society of Cardiology Congress 2013. Cytokinetics will also join the Russell Global Index on June 28, 2013.

Gevo (Nasdaq: GEVO) resumed commercial production of isobutanol at its facility in Minnesota. 

Bargain hunters snapped up shares of Walter Energy (NYSE: WLT).


On the downside


Ship Finance International (NYSE: SFL) priced its public offering of 8 million common shares but did not disclose the price.


New Mountain Finance (NYSE: NMFC) priced its primary offering of 2 million common shares and secondary offering of 4 million common shares at the discounted price of $14.55.


Motley Fool expects MannKind's (Nasdaq: MNKD) stock price to retreat.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index rose 5 points to 1644.

The markets closed sharply higher with the Dow soaring 109 points to 15,179 as investors awaited word from the Federal Reserve about possible changes to its bond buying program. Nasdaq climbed 28 points to 3452.

On the upside

Shares of Frontline (NYSE: FRO) surged for no apparent reason.

Genpact (NYSE: G) opened a new operating center in Poland. 

Bargain hunters lifted shares of Qihoo 360 Technology (NYSE: QIHU).


On the downside


Investors locked in profits on SGOCO Group (Nasdaq: SGOC).


Profit taking weighed down shares of Thompson Creek Metals (NYSE: TC).


Gilead Sciences (Nasdaq: GILD) reported interim results from a Phase 2 study of idelalisib for the treatment of patients with indolent non-Hodgkin's lymphoma.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index gained 12 points to 1639.

Markets Advance On Fed Hopes

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The markets advanced during the midday with the Dow leaping 171 points to 15,241 as investors grew more confidant that the Federal Reserve would maintain its bond buying program. Nasdaq jumped 43 points to 3466.

On the upside

The Defense Department awarded iRobot (Nasdaq: IRBT) a contract to provide robotic systems and spare parts for up to $30 million.

Several sources said that a number of firms were interested in acquiring ViroPharma (Nasdaq: VPHM). 

Nomura affirmed its Buy rating for Canadian Solar (Nasdaq: CSIQ) and lifted its price target from $6.90 to $25.


On the downside


Shares of Medivation (Nasdaq: MDVN) fell on news that Johnson & Johnson (NYSE: JNJ) acquired Aragon Pharmaceuticals, which is developing a prostate cancer treatment that will compete with Medivation's Xtandi.


Alpha Natural Resources (NYSE: ANR) extended its losses from Friday when data indicated that steel production in China fell in late May.


Shares of Walter Energy (NYSE: WLT) continued falling after the company cancelled its refinancing plans on Friday.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index soared 17 points to 1644.

June homebuilder sentiment leaped more than expected to a seven year high to boost the markets to a sharply higher open with the Dow surging 165 points to 15,235. Nasdaq soared 38 points to 3461.

On the upside

Kandi Technologies (Nasdaq: KNDI) began construction of its first pure electric vehicle smart vertical parking and charging facility in Hangzhou with expected completion in early July 2013. Between 5,000 to 10,000 Kandi pure EVs will be deployed within a year.

Shares of Yingli Green Energy (NYSE: YGE) and LDK Solar (NYSE: LDK) rose on news that China would provide easier financing to solar firms. 

Lowe's (Nasdaq: LOW) will pay approximately $205 million to acquire Orchard Supply Hardware Stores (Nasdaq: OSH).


On the downside


Terex (NYSE: TEX) cut its earnings guidance for the full year and forecast second quarter earnings that fell far short of analyst estimates.


Amicus Therapeutics (Nasdaq: FOLD) will delay the approval filing for its Fabry disease treatment Amigal.


Celsion (Nasdaq: CLSN) extended its losses.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index climbed 15 points to 1642.

Continued concerns about the global economy sent the markets tumbling to a sharply lower close with the Dow plunging 105 points to 15,070. Nasdaq dropped 21 points to 3423.

On the upside

Rumors circulated that Charter Communications may be interested in acquiring Time Warner Cable (NYSE: TWC).

Shares of Strategic Hotels & Resorts (NYSE: BEE) continued rising after the company announced yesterday that it had hired a strategic advisor. 

Codexis (Nasdaq: CDXS) and Chemtex reached a milestone in their development of detergent alcohols.


On the downside


Seeking Alpha wrote that Celsion's (Nasdaq: CLSN) own press release from yesterday confirmed ThermoDox was a failure.


Orchard Supply Hardware (Nasdaq: OSH) retained the services of BMC Group to assist with its bankruptcy filing.


Walter Energy (NYSE: WLT) withdrew its plan to refinance $1.55 billion.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index dropped 9 points to 1626.

A drop in consumer sentiment sent the markets tumbling during the midday with the Dow plummeting 100 points to 15,075. Nasdaq fell 17 points to 3428.

On the upside

Rumors circulated that Nokia (NYSE: NOK) would introduce its flagship, high-end, Windows camera phone at a July 11 event.

Piper Jaffary believes that Apple (Nasdaq: AAPL) has incorporated more InvenSense (Nasdaq: INVN) solutions in its new operating system. 

Uni-Pixel (Nasdaq: UNXL) chief executive Reed J. Killion purchased 3,400 shares of company stock.


On the downside


Investors locked in profits on Gannett (NYSE: GCI).


Cempra (Nasdaq: CEMP) priced its public offering of 7.25 million common shares at the discount price of $7.00 per share.


American Superconductor (Nasdaq: AMSC) narrowed fourth quarter losses but revenue dropped.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index fell 8 points to 1627.

The markets opened lower with the Dow slipping 12 points to 15,164 as consumer sentiment fell in May. Nasdaq lost 9 points to 3436.

On the upside

Elan (NYSE: ELN) will proceed with a formal process to sell the company.

Deutsche Bank upgraded Groupon (Nasdaq: GRPN) to a Buy rating from a Hold rating and lifted its price target from $6 to $10. 

Restoration Hardware (NYSE: RH) swung to a better than expected profit for the first quarter and forecast current quarter results ahead of estimates.


On the downside


Investors expect Myriad Genetics (Nasdaq: MYGN) toy lose its monopoly on genetic testing for breast cancer risk after the Supreme Court ruled that human DNA could not be patented.


Himax Technologies (Nasdaq: HIMX) priced its secondary offering of more than 22 million American Depositary Shares at the discounted price of $5.25 per ADS.


Capstone Turbine (Nasdaq: CPST) reported a loss for the fourth quarter prompting a downgrade.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by 3 to 2 on Nasdaq. The broader S&P 500 index eased a fraction to 1635.

First time applications for unemployment benefits fell more than expected last week the send the markets soaring to close sharply higher with the Dow leaping 180 points to 15,176. Nasdaq jumped 44 points to 3445.

On the upside

Shares of Sinclair Broadcast Group (Nasdaq: SBGI) rose on news that Gannett (NYSE: GCI) will acquire broadcast television station owner (NYSE: BLC) for approximately $1.5 billion.

Cliffs Natural Resources (NYSE: CLF) extended its iron ore pellet sale and purchase agreement with Essar Steel Algoma to 2024. 

Reuters reported that Strategic Hotels & Resorts (NYSE: BEE) retained the services of Eastdil Secured to explore the possible sale of the company.


On the downside


A Seeking Alpha contributor wrote that a multi-million dollar insider deal could bankrupt Erickson Air-Crane (Nasdaq: EAC).


ECOtality (Nasdaq: ECTY) will raise approximately $8.19 million through a private placement of more than 5 million common shares.


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

  

In the broad market, advancing issues outpaced decliners by a margin of 9 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index soared 23 points to 1636.

Retail sales rose more than expected in May to lift the markets during the midday with the Dow gaining 54 points to 15,049. Nasdaq climbed 13 points to 3414.

On the upside

Shares of Myriad Genetics (NYSE: MYGN) climbed after the Supreme Court ruled that naturally occurring DNA cannot be patented but synthetic genetic material, cDNA, would be eligible for patents.

Canaccord Genuity analyst Mike Walkley upgraded Spreadtrum Communications (Nasdaq: SPRD) to a Buy rating from a Hold rating. 

Alcatel-Lucent (NYSE: ALU) expects to receive $763,828,000 from the sale of convertible senior notes.


On the downside


Shares of Barnes & Noble (NYSE: BKS) fell after Apple (Nasdaq: AAPL) revealed that it holds approximately 20% of the ebook market, twice the expected market share.


Dynavax Technologies (Nasdaq: DVAX) extended its losses after the Food and Drug Administration requested an additional safety study for its hepatitis B vaccine on Monday.


Profit taking sank shares of Live Nation (NYSE: LYV).

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index gained 7 points to 1619.

The markets opened mixed with the Dow rising 20 points to 15,016 while Nasdaq eased 2 points to 3398 as investors continued to monitor global economic developments.

On the upside

Newspaper publisher Gannett (NYSE: GCI) will pay a premium of approximately $1.5 billion in cash to purchase television station owner Belo (NYSE: BLC).

Canadian grocery chain Sobeys will pay $5.7 billion to acquire the Canadian assets of Safeway (NYSE: SWY). 

Celsion (Nasdaq: CLSN) said that a Seeking Alpha article about the company was misleading.


On the downside


Royalty Pharma warned that its acquisition offer for Elan (NYSE: ELN) may lapse.


Innolux began selling more than 22 million American Depositary Shares of Himax (Nasdaq: HIMX).


Investors locked in profits on Gigamon (NYSE: GIMO).

  

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 added a point to 1614.

Concerns that economic stimulus measures will soon end sent the markets tumbling to a sharply lower close with the Dow plunging 126 points to 14,995. Nasdaq plummeted 36 points to 3400.

On the upside

Live Nation (NYSE: LYV) won an arbitration proceeding against CTS Eventim.

SGOCO Group (Nasdaq: SGOC) extended its gains. 

Royale Energy (Nasdaq: ROYL) drilled a new natural gas well.


On the downside


First Solar (Nasdaq: FSLR) will offer 8.5 million shares of common stock.


Take-Two Interactive (Nasdaq: TTWO) will offer $250 million in senior convertible notes.


Lionsgate (NYSE: LGF) promoted Ron Schwartz to the position of president and general manager of Lionsgate Home Entertainment Sales and Distribution.

  

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index dropped 13 points to 1612.

Markets Turn Negative At Midday

|

The volatile markets turned negative during the midday with the Dow dropping 69 points to 15,052 over renewed concerns about the global economy. Nasdaq tumbled 24 points to 3412.

On the upside

Shares of Gigamon (NYSE: GIMO) surged in its market debut.

Hedge fund Glenview Capital requested that Health Management Associates (NYSE: HMA) increase the maximum stake that a single shareholder could have in the company from 15% to at least 25%. 

Amgen (Nasdaq: AMGN) and Cytokinetics (Nasdaq: CYTK) expanded their development and marketing partnership for the heart failure treatment omecamtiv mecarbil to include Japan.


On the downside


GenMark Diagnostics (Nasdaq: GNMK) extended its losses.


Citi analyst Yaron Werber downgraded Biogen Idec (Nasdaq: BIIB) to a Neutral rating from a Buy rating.


LDK Solar (NYSE: LDK) stock continued falling after reporting a greater loss for the first quarter yesterday.

  

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index fell 9 points to 1616.

Markets Rebound

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The markets rebounded to open higher with the Dow rising 43 points to 15,165 after yesterday's sharp sell-off. Nasdaq added 3 points to 3440.

On the upside

Apollo Tyres will pay a premium of approximately $2.22 billion in cash to acquire Cooper Tire & Rubber (NYSE: CTB).

Ulta Salon, Cosmetics & Fragrance (Nasdaq: ULTA) reported higher first quarter earnings and revenue that surpassed analyst expectations. 

Tudor Pickering upgraded Spectra Energy (NYSE: SE) from Accumulate to Buy.


On the downside


A Seeking Alpha contributor wrote that Celsion (Nasdaq: CLSN) was a good stock to short and expects the share price to plunge 50%.


Shares of ARMOUR Residential REIT (NYSE: ARR) began trading ex-dividend today.


Investors locked in profits on Kandi Technologies (Nasdaq: KNDI).

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by more than to 9 to 7 on Nasdaq. The broader S&P 500 index rose 4 points to 1630.

Disappointment with the Bank of Japan's monetary policy sent the markets tumbling to a sharply lower close with the Dow plunging 116 points to 15,122. Nasdaq plummeted 36 points to 3436.

On the upside

A Food and Drug Administration advisory panel will review the constipation treatment Relistor that was developed by Progenics Pharmaceuticals (Nasdaq: PGNX) and Salix Pharmaceuticals (Nasdaq: SLXP).

Baker Bros. increased its stake in Vanda Pharmaceuticals (Nasdaq: VNDA) to 13.99%. 

Diamond Foods (NYSE: DMND) narrowed third quarter losses more than expected and appointed Raymond Silcock to the position of executive vice president and chief financial officer.


On the downside


First Solar (Nasdaq: FSLR) announced a public offering of 8.5 million common shares.


Symmetry Medical (NYSE: SMA) forecast second quarter earnings and revenue below analyst expectations and cut its full year guidance.


Workday (NYSE: WDAY) will offer a total of $440 million in convertible senior notes.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by more than to 5 to 2 on Nasdaq. The broader S&P 500 index tumbled 16 points to 1626.

The markets recovered early morning losses but continued trading lower with the Dow losing 22 points to 15,216 as wholesale inventories edged up in April. Nasdaq fell 11 points to 3462.

On the upside

Cigna (NYSE: CI) entered a ten-year partnership with pharmacy benefit management services provider Catamaran (Nasdaq: CTRX).

Shares of SGOCO Group (Nasdaq: SGOC) continued soaring after reporting yesterday sharply higher first quarter earnings that nearly doubled as revenue surged. 

GameStop (NYSE: GME) began taking pre-orders for the next generation Sony (NYSE: SNE) PS4.


On the downside


Kinross Gold (NYSE: KGC) ended development of the Fruta del Norte project in Ecuador and will take a $720 million charge in the second quarter.


Navistar International (NYSE: NAV) widened losses for the second quarter as revenue tumbled.


Leerink expects GenMark (Nasdaq: GNMK) to be negatively impacted by the launch of Natural Molecular's Personalized Medicine Panel with Luminex (Nasdaq: LMNX) technology.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than to 1 on Nasdaq. The broader S&P 500 index fell 6 points to 1635.

Investors were disappointed that the Bank of Japan will hold its stimulus measures steady rather than increase its bond buying program. The markets opened sharply lower with the Dow plummeting 138 points to 15,099 while Nasdaq plunged 38 points to 3434.

On the upside

Questcor Pharmaceuticals (Nasdaq: QCOR) paid $60 million upfront for the rights to develop Synacthen and Synacthen Depot in the United States and certain other countries.

Dole Food (NYSE: DOLE) chief executive David Murdock offered a premium of $12 per share to acquire the fruit and vegetable company. 

CardioNet (Nasdaq: BEAT) entered a three-year National Provider Agreement with UnitedHealthcare.


On the downside


Lululemon Athletica (Nasdaq: LULU) reported flat first quarter earnings and announced the retirement of chief executive Christine Day.


The lock-up period expired for approximately 61.9 million shares of SolarCity (Nasdaq: SCTY).


LDK Solar (NYSE: LDK) widened first quarter losses as revenue plummeted .

  

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 index tumbled 16 points to 1626.

Mixed Close Despite Upgrade

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Standard & Poor's upgraded the credit outlook of the U. S. but the markets closed mixed with the Dow slipping 9 points to 15,238. Nasdaq added 4 points to 3473.

On the upside

Kandi Technologies (Nasdaq: KNDI) soared following last week's approval of the company's JL7001BEV all electric sedan by China's Ministry of Industry and Information Technology.

Canadian Solar (Nasdaq: CSIQ) will build a power plant for Grand Renewable Solar for $304.2 million. 

KapStone Paper and Packaging (NYSE: KS) will pay approximately $1.03 billion in cash to acquire Longview Fibre Paper and Packaging.


On the downside


Atlas Resource Partners (NYSE: ARP) will offer 12.25 million common units to finance a $733 million deal to acquire natural gas reserves from EP Energy.


Profit taking sank shares of GameStop (NYSE: GME).


Just Energy Group's (NYSE: JE) JustGreen Lifestyle brand partnered with Canadian Wildlife Federation to help end global warming.

  

In the broad market, declining issues edged out advancers by a margin of more than 5 to 4 on the NYSE while advancers outpaced decliners by more than 5 to 3 on Nasdaq. The broader S&P 500 index held eased a fraction to 1642.

The markets traded mixed during the midday with the Dow losing 15 points to 15,232 while Nasdaq rose 5 points to 3474 as investors await announcements from Apple at its annual software developers conference.

On the upside

ACADIA Pharmaceuticals (Nasdaq: ACAD) stock continued rising after hedged fund Baker Bros. disclosed that it had acquired a 22.6% stake in the biopharmaceutical last week.

SGOCO Group (Nasdaq: SGOC) reported sharply higher first quarter earnings and revenue. 

Shares of LDK Solar (NYSE: LDK) rose ahead of its earnings release tomorrow before market open.


On the downside


Gafisa (NYSE: GFA) extended its losses after announcing plans last week to sell a 70% stake in its Brazilian urban community development company Alphaville Urbanismo.


Investors locked in profits on Mobile TeleSystems OJSC (NYSE: MBT).


The lock-up period on another 25% of Healthcare Trust of America (NYSE: HTA) stock ended on Friday.

  

In the broad market, declining issues edged out advancers by a margin of nearly 6 to 5 on the NYSE while advancers outpaced decliners by nearly 5 to 3 on Nasdaq. The broader S&P 500 index held steady at 1643.

The markets opened flat with the Dow losing 9 points to 15,238 even as Standard & Poor's upgraded the credit outlook for the U. S. government from Negative to Stable. Nasdaq added 3 points to 3472.

On the upside

Apricus Biosciences (Nasdaq: APRI) received approval for its erectile dysfunction treatment Vitaros through the European Decentralized Procedure.

Shares of Rite Aid (NYSE: RAD) continued rising after forecasting first quarter earnings ahead of analyst expectations.

Macquarie upgraded Monsanto (NYSE: MON) from a Neutral rating to an Outperform rating.


On the downside


The Food and Drug Administration requested additional safety data for Dynavax Technologies' (Nasdaq: DVAX) hepatitis B vaccine HEPLISAV.


U. S. International Trade Commission judge David Shaw ruled that Netflix and Roku did not infringe on patents held by Rovi (Nasdaq: ROVI).


Jefferies downgraded Titan International (NYSE: TWI) from a Buy rating to a Hold rating.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 20 points to 1643.

The markets closed sharply higher with the Dow rocketing 207 points to 15,248 over upbeat job creation numbers. Nasdaq leaped 45 points to 3469.

On the upside

Motley Fool suggested that Pilgrim's Pride (Nasdaq: PPC) may be a good acquisition target for a Chinese meat producer.

Goldman Sachs upgraded United Continental (NYSE: UAL) form a Sell rating to a Neutral rating.

Barnes & Noble (NYSE: BKS) will begin offering original short-form, quick read works for Nook Snaps.


On the downside


Titan International (NYSE: TWI) will work with One Equity Partners and Russian Direct Investment Fund to explore a possible acquisition opportunity in Russia.


Gafisa (NYSE: GFA) will sell a 70% stake in Alphaville Urbanismo to Blackstone Real Estate Advisors and Patria Investimentos.


Flow International (Nasdaq: FLOW) warned of lower fourth quarter earnings and revenue and retained the services of UBS to explore strategic options including the possible sale of the company.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 20 points to 1643.

A better than expected jobs report sent the markets soaring during the midday with the Dow jumping 165 points to 15,205. Nasdaq surged 35 points to 3459.

On the upside

Shares of Textura (NYSE: TXTR) leaped on its first trading day.

Thor Industries (NYSE: THO) reported higher third quarter earnings that surpassed analyst expectations as revenue rose.

JinkoSolar Holdings (NYSE: JKS) narrowed first quarter losses as shipments climbed and margins improved.


On the downside


The Securities and Exchange Commission will allow certain First Security Group (Nasdaq: FSGI) shareholders to resell up to 60.735 million shares of common stock.


Raymond James cut its coal price projections and downgraded James River Coal (Nasdaq: JRCC) and Walter Energy (NYSE: WLT) to Underperform.


Falling gold and silver prices weighed down shares of Agnico Eagle Mines (NYSE: AEM), AuRico Gold (NYSE: AUQ), Harmony Gold (NYSE: HMY) and McEwen Mining (NYSE: MUX).

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 14 points to 1637.

Higher Open On Jobs Data

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The markets opened sharply higher with the Dow leaping 159 points to 15,199 as the nation's employers added a greater than expected 175,000 jobs in May. Nasdaq climbed 27 points to 3451.

On the upside

Rosetta Genomics (Nasdaq: ROSG) executed a credentialing agreement with Three Rivers Provider Network for the Rosetta Cancer Origin Test.

Microsoft (Nasdaq: MSFT) clarified that the Xbox One can operate used games from retailers such as GameStop (NYSE: GME) without a platform fee.

Oclaro (Nasdaq: OCLR) announced the retirement of chairman and chief executive Alain Couder and named Greg Dougherty as its new chief executive.


On the downside


TiVo (Nasdaq: TIVO) agreed to settle its patent suit against Cisco (Nasdaq: CSCO), Motorola Mobility and Time Warner Cable for $490 million, far less than expected.


The Internal Revenue Service will review Iron Mountain's (NYSE: IRM) and Equinix's (Nasdaq: EQIX) plans to become a real estate investment trusts.


Quicksilver (NYSE: ZQK) widened second quarter losses more than expected as revenue dropped.

  

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 climbed 15 points to 1638.

Fed Reassurances Boost Markets

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Reassurances by the Federal Reserve that it would continue its bond buying program lifted the markets to a higher close with the Dow climbing 80 points to 15,040. Nasdaq gained 22 points to 3424.

On the upside

Shares of LightInTheBox (NYSE: LITB) soared in its market debut.

A Seeking Alpha contributor recommended Responsys (Nasdaq: MKTG).

First quarter earnings for Conn's (Nasdaq: CONN) nearly doubled to beat expectations as revenue soared.


On the downside


Vanda Pharmaceuticals (Nasdaq: VNDA) presented additional data from two Phase III studies of its Non-24-Hour Disorder treatment tasimelteon.


Rosetta Stone (NYSE: RST) priced its secondary offering of 3.5 million common shares at the discounted price of $16 per share.


Bloomberg reported that Apple (Nasdaq: AAPL) would begin trade-in program for iPhones.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 13 points to 1622.

Despite a drop in first time applications for unemployment benefits, the markets turned negative during the midday with the Dow tumbling 96 points to 14,863 over continued concerns that the Federal Reserve would soon end the bond buying program that has sustained the struggling economy. Nasdaq fell 19 points to 3382.

On the upside

WordPay deployed VMware (NYSE: VMW) network virtualization to support the user self provisioning requirements of application developers.

Media General (NYSE: MEG) will merge with New Young Broadcasting Holding in an all stock transaction.

Baker Bros. acquired a 22.6% stake in ACADIA Pharmaceuticals (Nasdaq: ACAD).


On the downside


Shares of Synta Pharmaceuticals (Nasdaq: SNTA) continued falling after reporting disappointing results for its lung cancer treatment ganetespib on Monday.


Ascena Retail Group (Nasdaq: ASNA) reported lower third quarter earnings that missed expectations even as revenue soared prompting the apparel retailer to cut its full year earnings guidance.


Giant Interactive (NYSE: GA) chairman priced his secondary offering of 11 million American Depositary Shares at the discounted price of $7.25 per ADS.

  

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index fell 8 points to 1600.

A drop in jobless claims lifted the markets to a modestly higher open with the Dow rising 18 points to 14,978. Nasdaq added 5 points to 3407.

On the upside

Ciena (Nasdaq: CIEN) narrowed second quarter losses and forecast third quarter revenue ahead of analyst estimates.

FuelCell Energy (Nasdaq: FCEL) narrowed losses for the second quarter as revenue surged.

An Israeli newspaper reported that PepsiCo (NYSE: PEP) offered $2 billion to acquire SodaStream (Nasdaq: SODA) but PepsiCo denied the report.


On the downside


VeriFone Systems (NYSE: PAY) blamed litigation charges for falling to a loss for the second quarter and forecast current quarter results below expectations.


First quarter earnings fell for Vera Bradley (Nasdaq: VRA) prompting the company to lower its full year guidance. The accessories designer also announced the retirement of chief executive Mike Ray.


Francesca's Holdings (Nasdaq: FRAN) reported higher first quarter earnings but revenue missed expectations and same store sales rose less than expected.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index held steady at 1608.

Investors sold in droves over renewed concerns that the Federal Reserve may begin to slow its bond buying program. The Dow dropped below 15,000 by collapsing 216 points to close at 14,960. Nasdaq plummeted 43 points to 3401.

On the upside

Juniper Networks (NYSE: JNPR) introduced its Junos DDoS Secure solution to prevent Distributed Denial of Service attacks.

Bargain hunters lifted shares of Novavax (Nasdaq: NVAX).

Mattress Firm Holding (Nasdaq: MFRM) reported higher first quarter earnings that topped analyst estimates as revenue soared.


On the downside


Zogenix (Nasdaq: ZGNX) will cut its workforce by approximately 37% and implement cost control initiatives.


Shares of Quicksilver Resources (NYSE: KWK) continued falling after announcing a senior notes offering on Monday.


A sharp plunge of the Nikkei weighed down shares of Nomura Holdings (NYSE: NMR).

  

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index plunged 22 points to 1608.

Sharp losses on the Nikkei sent the markets tumbling during the midday with the Dow plummeting 134 points to 15,043. Nasdaq dropped 33 points to 3411.

On the upside

Harvest Natural Resources (NYSE: HNR) reversed year ago losses to post a profit for the first quarter.

Bargain hunters lifted shares of Dollar General (NYSE: DG).

Hovnanian Enterprises (NYSE: HOV) reported an unexpected profit for the second quarter as revenue soared.


On the downside


Investors locked in profits on Ampio Pharmaceuticals (Nasdaq: AMPE).


Giant Interactive Group (NYSE: GA) announced a secondary offer of more than 15 million American Depositary Shares.


Goldman Sachs downgraded Trina Solar (NYSE: TSL) to a Sell rating.

  

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index tumbled 15 points to 1616.

Weak job growth in May weighed the markets down to a lower open with the Dow falling 60 points to 15,117. Nasdaq lost 13 points to 3431.

On the upside

China's Ministry of Industry and Information Technology approved the first pure electric sedan developed by Kandi Technologies (Nasdaq: KNDI) and Geely Automobile Holdings.

JPMorgan expects same store sales to rise for J.C. Penney (NYSE: JCP) in July.

The Food and Drug Administration expedited the development path for Avanir Pharmaceuticals' (Nasdaq: AVNR) AVP-786.


On the downside


Tesla Motors' (Nasdaq: TSLA) plans to open 16 more stores to sell electric vehicles directly to customers has met resistance from auto dealerships.


Mechel (NYSE: MTL) will supply China's Shasteel Group with 40,000 to 80,000 tonnes of coking coal a month beginning in June 2013 but the stock price fell.


Goldman Sachs downgraded JA Solar (Nasdaq: JASO) from a Neutral rating to a Sell rating.

  

In the broad market, declining issues outpaced advancers 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 lost 7 points to 1623.

A widening trade deficit sent the markets down to a lower close with the Dow tumbling 76 points to 15,177. Nasdaq dropped 20 points to 3445.

On the upside

Bargain hunters lifted shares of Cliffs Natural Resources (NYSE: CLF).

Zacks upgraded Mitsubishi UFG Financial Group (NYSE: MTU) from Neutral to Outperform.

G-III Apparel Group (Nasdaq: GIII) reversed year ago losses to post an unexpected profit for the first quarter prompting the company to lift its full year guidance.


On the downside


Shares of Affymax (Nasdaq: AFFY) continued falling over news that the biopharmaceutical would be delisted from Nasdaq.


Array BioPharma (Nasdaq: ARRY) will offer approximately $100 million in senior convertible notes.


Pandora Media (NYSE: P) extended its losses from yesterday when Apple's (Nasdaq: AAPL) deal with Warner Music Group put Apple one step closer to launching its own music streaming service to compete with Pandora.

  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index fell 9 points to 1631.

The nation's trade deficit climbed in April to send the markets tumbling during the midday with the Dow plunging 107 points to 15,146. Nasdaq fell 20 points to 3444.

On the upside

Monster Beverage (Nasdaq: MNST) reported that sales have been increasing at its annual shareholders meeting yesterday.

Nominees for the Morgan Hotel Group (Nasdaq: MHGC) board would explore strategic alternatives including the possible sale of the company.

Oi S.A. (NYSE: OIBR) replaced chief executive Jose Mauro Mettrau Carneiro da Cunha with Zeinal Abedin Mahomed Bava.


On the downside


Shares of SolarCity (Nasdaq: SCTY) continued falling ahead of the June 10, 2013 lockup expiration date.


Ryman Hospitality Properties (NYSE: RHP) blamed lower hotel bookings for cutting its full year adjusted funds from operations.


Retreating gold prices weighed down shares of Harmony Gold (NYSE: HMY).

  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index dropped 11 points to 1628.

The markets opened higher with the Dow rising 20 points to 15,274 as European markets rebounded. Nasdaq rose 7 points to 3473.

On the upside

Salesforce.com (NYSE: CRM) will pay a premium of approximately $2.5 billion in cash to acquire ExactTarget (NYSE: ET).

Piper Jaffray cited Infinity Pharmaceuticals' (Nasdaq: INFI) low price for recommending that investors purchase shares in the company.

A Seeking Alpha contributor recommended buying FuelCell Energy (Nasdaq: FCEL) ahead of the company's earnings release after market close on Wednesday.


On the downside


Dollar General (Nasdaq: DG) reported higher first quarter earnings and revenue but the discount retailer lowered the high end of its full year earnings outlook.


Astra Zeneca (NYSE: AZN) ended development of Rigel Pharmaceuticals' (Nasdaq: RIGL) rheumatoid arthritis medication fostamatinib due to disappointing trial results.


SAIC (NYSE: SAI) reported lower first quarter earnings that fell short of analyst expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 index added a point to 1642.

Merger and acquisition activity sparked a late afternoon rally to send the markets soaring with the Dow leaping 138 points to close at 15,254. Nasdaq rose 9 points to 3465.

On the upside

American Safety Insurance (NYSE: ASI) will be acquired by Fairfax Financial Holdings for a premium of approximately $306 million in cash.

Tesaro (Nasdaq: TSRO) partnered with the European Network of Gynecological Oncological Trial Groups to conduct a Phase 3 clinical trial for the ovarian cancer treatment niraparib. Tesaro also partnered with Breast International Group and the European Organization for Research and Treatment of Cancer for a Phase 3 trial of niraparib for the treatment of breast cancer.

Falconstor Software (Nasdaq: FALC) partnered with IBM (NYSE: IBM) to integrate the FalconStor Virtual Tape Library with reduplication software into IBM servers for midmarket clients.


On the downside


Zynga (Nasdaq: ZNGA) will eliminate 520 jobs, or 18% of its workers, in order to save between $70 million to $80 million per year.


Trading restrictions on 82% of SolarCity (Nasdaq: SCTY) will expire on June 10.


National Bank of Greece (NYSE: NBG) announced on Friday a tender offer to purchase up to 22.5 million American Depositary Shares.

  

In the broad market, declining issues edged out advancers by a margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 index gained 9 points to 1640.

The markets traded mixed during the midday with the Dow rising 51 points to 15,166 as manufacturing activity slipped in May. Nasdaq dropped 27 points to 3428.

On the upside

MannKind (Nasdaq: MNKD) completed a Phase 3 study of its inhalable insulin AFREZZA in type 1 diabetes patients and will report study results in the summer.

Clovis Oncology (Nasdaq: CLVS) reported positive initial results from an ongoing Phase I/II study of its ovarian cancer treatment rucaparib.

CleanWorld Partners ordered a Capstone C800 Microturbine and Capstone Clean Cycle 125kW waste heat-to-electricty generator from Capstone Turbine (Nasdaq: CPST) .


On the downside


Profit taking sank shares of Groupon (Nasdaq: GRPN).


Investors locked in profits on Tesla Motors (Nasdaq: TSLA).


Shares of Pandora Media (NYSE: P) dropped on news that Apple (Nasdaq: AAPL) inked a deal with Warner Music Group to begin a new music streaming service.

  

In the broad market, declining issues outpaced advancers by a margin of 9 to 5 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index slipped 4 points to 1626.

The markets opened mixed with the Dow gaining 56 points to 15,171 while Nasdaq lost 9 points to 3446 as April construction spending edged up 0.4%.

On the upside

Peregrine Pharmaceuticals (Nasdaq: PPHM) reported upbeat interim results from a Phase I study of bavituximab in treating breast cancer and positive results from a Phase II trial in pancreatic cancer patients.

Merck & Co. (NYSE: MRK) presented preliminary results from a Phase IB study of its advanced melanoma treatment lambrolizumab and expects to begin late stage trials in the third quarter of 2013.

Colonial Properties Trust (NYSE: CLP) will merge with MAA (NYSE: MAA) in an all stock transaction valued at approximately $8.6 billion.


On the downside


Affymax (Nasdaq: AFFY) will be delisted from Nasdaq after market close on Wednesday.


Synta Pharmaceuticals (Nasdaq: SNTA) reported interim results from a Phase 2b/3 study of its lung cancer treatment that were not statistically significant.


Infinity Pharmaceuticals (Nasdaq: INFI) updated data from an ongoing Phase I study of its chronic lymphocytic leukemia treatment IPI-145.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index held steady at 1630.

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