July 2013 Archives

The markets closed mixed with the Dow losing 21 points to 15,499 after the Federal Reserve its economic outlook. Nasdaq rose 9 points to 3626.

On the upside

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

Soros Fund Management acquired a large stake in Herbalife (NYSE: HLF). 

Bargain hunters lifted shares of Desarrolladora Homex (NYSE: HXM).


On the downside


The New York Post reported that commercial lender CIT Group will no longer provide credit to small vendors for J.C. Penney (NYSE: JCP).


Shares of Visa (NYSE: V) tumbled after a district court judge ruled that the debit card transaction fee cap of 21 cents set by the Federal Reserve was too high.


Meru Networks (Nasdaq: MERU) narrowed second quarter losses but revenue fell short of expectations.  

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 1685.

Markets Higher As GDP Expands

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The nation's economy expanded at a 1.7% annual rate in the second quarter to lift the markets during the midday with the Dow climbing 60 points to 15,580. Nasdaq gained 15 points to 3632.

On the upside

Questcor Pharmaceuticals (Nasdaq: QCOR) reported sharply higher second quarter earnings and revenue that surpassed analyst expectations on strong Acthar sales.

CardioNet (Nasdaq: BEAT) widened second quarter losses but revenue climbed and the company serviced record patient volume. 

Mako Surgical (Nasdaq: MAKO) widened losses for the second quarter but surgical procedures increased.


On the downside


Jive Software (Nasdaq: JIVE) widened second quarter losses and forecast a loss for the current quarter.


Regal Beloit (NYSE: RBC) disappointed with lower second quarter earnings that fell short of expectations as revenue fell.


Profit taking sank shares of USEC (NYSE: USU).  

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers outpaced decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 6 points to 1692.

Higher Open On Upbeat Jobs Data

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The markets opened higher with the Dow gaining 53 points to 15,574 as the private employers added more jobs than expected in July. Nasdaq climbed 17 points to 3633.

On the upside

SodaStream (Nasdaq: SODA) reported higher second quarter earnings that beat analyst expectations as revenue climbed.

Cubist Pharmaceuticals (Nasdaq: CBST) will pay a premium of approximately $1.6 billion to acquire Trius Therapeutics (Nasdaq: TSRX) and Optimer Pharmaceuticals (Nasdaq: OPTR). 

Symantec (Nasdaq: SYMC) reported lower first quarter earnings but the results were better than expected.


On the downside


Riverbed Technology (Nasdaq: RVBD) fell to a loss for the second quarter as revenue fell short of expectations.


BMO Capital Markets and Morgan Stanley both downgraded Mosaic (NYSE: MOS) over pricing concerns.


UBS downgraded Potash (NYSE: POT) from a Buy rating to a Neutral rating.  

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1691.

The markets closed flat with the Dow easing a point to 15,520 ahead of the Federal Reserve's statement tomorrow. Nasdaq gained 17 points to 3616.

On the upside

Second quarter earnings fell for R.R. Donnelley & Sons (Nasdaq: RRD) but the results surpassed analyst expectations.

The Food and Drug Administration will review Vanda Pharmaceuticals' (Nasdaq: VNDA) sleep disorder treatment tasimelteon on quicker schedule. 

Pitney Bowes (Nasdaq: PBI) fell to a loss for the second quarter but the company announced plans to sell it management services unit for $400 million to Apollo Global Management.


On the downside


Turquoise Hill Resources (NYSE: TRQ) continued falling after announcing additional delays to the Oyu Tolgoi project.


Second quarter earnings plunged for Xylem (NYSE: XYL) to fall short of analyst expectations prompting the company to cut its full year earnings outlook.


U. S. Steel (NYSE: X) fell to a loss for the second quarter.  

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 held stead at 1685.

Higher Open As Home Prices Rise

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An increase in May single family home prices lifted the markets to a higher open with the Dow gaining 40 points to 15,562. Nasdaq climbed 21 points to 3620.

On the upside

Second quarter earnings more than doubled for Goodyear Tire (Nasdaq: GT) to beat analyst expectations by a wide margin as raw material expenses dropped. 

Alcatel-Lucent (NYSE: ALU) widened second quarter losses but the stock price rose on news that the company was entering a joint venture with Qualcomm (Nasdaq: QCOM). 

The Food and Drug Administration granted marketing approval to Stereotaxis (Nasdaq: STXS) for its Vdrive Robotic Navigation System with V-Sono Intracardiac Echocardiography catheter manipulator.


On the downside


Shares of Intrepid Potash (NYSE: IPI), Mosaic (NYSE: MOS) and Potash (NYSE: POT) all plunged after Russian potash producer Uralkali withdrew from a joint venture and ended production limits.


Health Management Associates (Nasdaq: HMA) warned that second quarter results would fall short of analyst expectations. Rival Community Health Systems (NYSE: CYH) offered to purchase Health Management at the discounted price of approximately $3.9 billion.


Coach (NYSE: COH) disappointed with lower fourth quarter earnings that missed estimates.  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index rose 5 points to 1691.

The markets closed lower with the Dow losing 36 points to 15,521 ahead of the Federal Reserve meeting later this week. Nasdaq fell 14 points to 3599.

On the upside

Third Point acquired a stake in CF Industries Holdings (NYSE: CF). 

Brean Capital initiated coverage of 3D Systems (NYSE: DDD) with a Buy rating and a $60 price target. 

Community Health (NYSE: CYH) reported lower second quarter earnings but the stock price climbed on news of a possible merger with Health Management Associates (NYSE: HMA).


On the downside


Turquoise Hill (NYSE: TRQ) must receive approval from Mongolia's Parliament for the Oyu Tolgoi project financing prompting a downgrade.


Sohu.com (Nasdaq: SOHU) reported higher second quarter earnings but revenue fell short of analyst expectations.


Key Energy Services (NYSE: KEG) reported a loss for the second quarter last week.  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index slipped 6 points to 1685.

A drop in June pending home sales weighed the markets down to a lower open with the Dow falling 59 points to 15,499. Nasdaq lost 16 points to 3597.

On the upside

Synta Pharmaceuticals (Nasdaq: SNTA) announced positive preliminary results from the ENCHANT-1 clinical trial of its breast cancer treatment. 

Uranium Resources (Nasdaq: URRE) will host a conference call for second quarter results on Friday, August 9, 2013. 

USEC's (NYSE: USU) American Centrifuge completed its sixth milestone for Department of Energy certification.


On the downside


Shanda Games (Nasdaq: GAME) will acquire affiliates that provide user and payment platform services.


Perrigo (Nasdaq: PRGO) will pay approximately $8.6 billion in cash and stock to acquire Elan.


Desarrolladora Homex (NYSE: HXM) disappointed by falling to a loss for the second quarter as revenue plummeted.  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index lost 7 points to 1683.

The markets recovered in late afternoon trading to close modestly higher with the Dow adding 3 points to 15,558 as consumer sentiment climbed. Nasdaq rose 7 points to 3613.

On the upside

United Continental Holdings (NYSE: UAL) reported higher second quarter earnings that topped analyst estimates as revenue rose. 

Brightcove (Nasdaq: BCOV) narrowed second quarter losses more than expected as revenue climbed. 

Principal Financial Group (NYSE: PFG) reported higher second quarter earnings that surpassed analyst expectations by a wide margin and increased its quarterly dividend.


On the downside


Hutchinson Technology (Nasdaq: HTCH) widened third quarter losses more than expected.


First quarter earnings rose for Cirrus Logic (Nasdaq: CRUS) but revenue fell short of expectations.


Tempur Sealy International (NYSE: TPX) disappointed by falling to a greater than expected loss for the second quarter prompting the mattress maker to lower its full year forecast.  

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index added a point to 1691.

Despite a gain in July consumer sentiment, the markets opened lower with the Dow falling 76 points to 15,479 over earnings news. Nasdaq lost 10 points to 3594.

On the upside

Activision Blizzard (Nasdaq: ATVI) will pay approximately $8.2 billion to repurchase 429 million shares of its stock from shareholder Vivendi. 

Starbucks (Nasdaq: SBUX) reported higher second quarter earnings that topped analyst estimates as revenue rose prompting the company to lift its full year outlook. 

The Food and Drug Administration accepted EnteroMedics' (Nasdaq: ETRM) Premarket Approval application for the approval of Maestro Rechargeable System's VBLOC vagal blocking therapy to treat obesity.


On the downside


Zynga (Nasdaq: ZNGA) narrowed second quarter losses but the online social gaming company's decision to abandon plans for casino style games involving real money concerned investors.


Second quarter earnings dropped for Expedia (Nasdaq: EXPE) as expenses climbed prompting the online travel site to cut its full year earnings guidance.


SolarWinds (NYSE: SWI) reported higher second quarter earnings but revenue fell short of expectations and the company forecast current quarter results that missed estimates.  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 6 points to 1683.

The markets closed modestly higher with the Dow rising 13 points to 15,555 as durable goods orders rose. Nasdaq climbed 25 points to 3605.

On the upside

TriQuint Semiconductor (Nasdaq: TQNT) reported a smaller than expected loss for the second quarter as revenue rose. 

ONEOK (NYSE: OKE) will spinoff its natural gas distribution business and announced plans to increase its quarterly dividend to 72 cents per unit payable on August 15, 2013 to unit holders of record August 5, 2013. 

TripAdvisor (Nasdaq: TRIP) reported higher second quarter earnings and revenue that surpassed expectations.


On the downside


Aeterna Zentaris (Nasdaq: AEZS) will sell approximately 5.2 million common shares through a registered direct offering to raise approximately $7.8 million.


D.R. Horton (NYSE: DHI) reported sharply lower third quarter earnings.


Second quarter earnings fell for Cameron International (NYSE: CAM) even as revenue rose.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index rose 4 points to 1690.

The markets opened mixed with the Dow falling 39 points to 15,502 while Nasdaq gained 14 points to 3594 as first time applications for unemployment benefits rose.

On the upside

Facebook (Nasdaq: FB) swung to a greater than expected profit for the second quarter as mobile ad revenue climbed. 

Boston Scientific (NYSE: BSX) reversed year ago losses to post a second quarter profit even as revenue slipped. 

Baidu (Nasdaq: BIDU) reported lower second quarter earnings but revenue climbed and the results were better than expected.


On the downside


Sequenom (Nasdaq: SQNM) blamed billing issues for widening second quarter losses more than expected.


Second quarter earnings plunged for Crocs (Nasdaq: CROX) to fall far short of analyst expectations and the company forecast current quarter results below estimates.


PulteGroup (NYSE: PHM) blamed charges for lower than expected earnings for the second quarter.   

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 index edged up a point to 1686.

It was a mixed close for the markets with the Dow losing 25 points to 15,542 while Nasdaq held steady at 3579 as new home sales climbed even as prices rose.

On the upside

Electronic Arts (Nasdaq: EA) reported higher first quarter earnings and revenue that topped analyst estimates. 

Shares of Agios Pharmaceuticals (Nasdaq: AGIO) surged in its market debut. 

A Seeking Alpha contributor wrote that Zhone Technologies (Nasdaq: ZHNE) had the potential to become an $8 to $10 stock within 12 to 18 months.


On the downside


Walter Energy (NYSE: WLT) slashed its quarterly dividend from 12.5 cents per share to a penny per share.


Hatteras Financial (NYSE: HTS) disappointed with lower second quarter earnings as revenue dropped.


Motorola Solutions (NYSE: MSI) slashed its sales guidance for 2013 for the second time in three months.   

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index fell 6 points to 1685.

The markets opened mixed with the Dow losing 31 points to 15,536 while Nasdaq rose 10 points to 3590 a new home prices soared to a five year high.

On the upside

Hanesbrands (NYSE: HBI) will pay a premium of approximately $575 million in cash to purchase Maidenform (NYSE: MFB). 

VMware (NYSE: VMW) reported higher second quarter earnings that topped analyst estimates as revenue rose. 

Second quarter earnings rose for EMC (NYSE: EMC) on higher revenue.


On the downside


Broadcom (Nasdaq: BRCM) blamed an impairment charge for falling to a loss for the second quarter.


Sarepta Therapeutics (NYSE: SRPT) will submit a New Drug Application for its Duchenne muscular dystrophy treatment eteplirsen but the stock price dropped.


Polycom (Nasdaq: PLCM) chief executive Andrew Miller resigned after irregularities were found in his expense reports.   

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index slipped 2 points to 1689.

The markets closed mixed with the Dow gaining 22 points to a record 15,567 as regional manufacturing activity dropped. Nasdaq fell 21 points to 3579.

On the upside

Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) continued climbing after reporting positive trial results. 

Array BioPharma (Nasdaq: ARRY) reported positive results from a Phase 2 trial of its asthma treatment ARRY-502. 

Phillips 66 (NYSE: PSXP) stock surged in its market debut.


On the downside


Computer Task Group (Nasdaq: CTG) reported lower second quarter earnings.


Shares of Advanced Micro Devices (NYSE: AMD) continued falling after downgrades last week.


Domino's Pizza (NYSE: DPZ) reported higher second quarter earnings and revenue but the stock price fell.   

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped 3 points to 1692.

Mixed Open Over Earnings

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The markets opened mixed with the Dow rising 34 points to 15,580 while Nasdaq slipped 5 points to 3594 as earnings season continued.

On the upside

Cisco Systems (Nasdaq: CSCO) will pay a premium of approximately $2.7 billion to acquire Sourcefire (Nasdaq: FIRE). 

CapitalSource (NYSE: CSE) reported lower second quarter earnings but loans increased. 

MGIC Investment (NYSE: MTG) swung to a profit for the second quarter.


On the downside


Alaska Communications (Nasdaq: ALSK) completed the formation of The Alaska Wireless Network with General Communication (Nasdaq: GNCMA).


Penn National Gaming (Nasdaq: PENN) fell to an unexpected loss for the second quarter.


STMicroelectronics (NYSE: STM) widened second quarter losses as revenue fell.   

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index held steady at 1695.

The markets closed flat with the Dow adding a point to 15,545 on disappointing earnings. Nasdaq rose 12 points to 3600.

On the upside

Shares of Alaska Communications Systems (Nasdaq: ALSK) continued rising after a Seeking Alpha contributor wrote that the merger of the wireless assets of General Communications and Alaska Communications would increase the value of Alaska Communications.. 

Rising gold prices lifted shares of Eldorado Gold (NYSE: EGO), Iamgold (NYSE: IOC) and Kinross Gold (KGC). 

Shares of USEC (NYSE: USU) have been steadily rising and nearly doubled today for no apparent reason and the company issued a statement that their policy is not to comment on unusual market activity.


On the downside


Standard & Poor's placed Saks (NYSE: SKS) on watch for a possible credit rating downgrade.


The Wall Street Journal reported that RadioShack (NYSE: RSH) retained the services of investment bank Peter J. Solomon.


Tower International (NYSE: TOWR) announced a secondary offering of 6 million common shares.   

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 3 points to 1695.

Flat Open Over Earnings

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The markets opened flat with the Dow slipping 3 points to 15,540 while Nasdaq added 4 points to 3592 as investors monitored earnings news.

On the upside

Google acquired a 6.3% stake in Himax Technologies (Nasdaq: HIMX) subsidiary Himax Display, which makes chips for the Google Glass. 

BioCryst Pharmaceuticals (Nasdaq: BCRX) reported positive results from a Phase I clinical trial of its hereditary angioedema treatment BCX4161. 

PetMed Express (Nasdaq: PETS) reported higher first quarter earnings that topped analyst expectations.


On the downside


Second quarter earnings rose for McDonald's (NYSE: MCD) but the results fell short of analyst expectations and warned of a challenging year.


Yahoo (Nasdaq: YHOO) director Daniel Loeb of Third Point resigned his position.


Profit taking sank shares of Celsion (Nasdaq: CLSN).   

In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE while decliners edged out advancers by by a slim margin on Nasdaq. The broader S&P 500 index held steady at 1692.

Disappointing earnings weighed the markets down to a modestly lower close with the Dow slipping 4 points to 15,543. Nasdaq fell 23 points to 3587.

On the upside

Schlumberger (NYSE: SLB) reported higher second quarter earnings that topped analyst estimates as revenue rose. 

Hologic (Nasdaq: HOLX) announced the return of former chief executive Jack Cumming to replace Robert Cascella as president and chief executive effective immediately. 

Shares of Diamond Resorts International (NYSE: DRII) climbed on its first trading day.


On the downside


Acacia Research (Nasdaq: ACTG) fell to a loss for the second quarter as revenue plunged while expenses climbed.


Vivus (Nasdaq: VVUS) settled a dispute with its largest shareholder, First Manhattan, by expanding its board to 11 members with six nominees by First Manhattan joining the board and naming Anthony Zook to the position of chief executive.


Janney Capital Markets analyst Brian McGill downgraded International Game Technology (NYSE: IGT) to a Neutral rating from a Buy rating citing a high stock price and rising expenses.   

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index rose 2 points to 1692.

Detroit's bankruptcy filing rattled investors sending the markets lower during the midday with the Dow slipping 13 points to 15,535. Nasdaq dropped 25 points to 3585.

On the upside

The European Medicines Agency granted orphan drug status to Oxigene's (Nasdaq: OXGN) ovarian cancer treatment Zybrestat. 

Shares of RetailMeNot (Nasdaq: SALE) surged on its first trading day. 

Celsion (Nasdaq: CLSN) signed a Memorandum of Understanding with Zhejiang Hisun Pharmaceutical to develop ThermoDox for China.


On the downside


Advanced Micro Devices (NYSE: AMD) fell to a loss for the second quarter prompting downgrades.


Microsoft (Nasdaq: MSFT) swung to a profit for the fourth quarter but the results fell short of expectations due to poor Surface tablet sales.


Community Health Systems (NYSE: CYH) warned that second quarter earnings would plunge due to lower hospital admissions.   

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1690.

A greater than expected drop in first time applications for unemployment benefits lifted the market to a higher close with the Dow climbing 78 points to 15,548. Nasdaq edged up a point to 3611.

On the upside

Zhone Technologies (Nasdaq: ZHNE) reversed year ago losses to post a profit for the second quarter. 

Berry Plastics Group (NYSE: BERY) priced its public secondary offering of 15 million common shares at the discounted price of $21.63 per share. 

The Food and Drug Administration granted Fast Track status to Transition Therapeutics' (Nasdaq: TTHI) Neuropsychiatric Symptoms in Alzheimer's disease treatment ELND005.


On the downside


Fairchild Semiconductor (NYSE: FCS) fell to a greater than expected loss for the second quarter.


Spirit Realty Capital (NYSE: SRC) completed its $7.4 billion merger with Cole Credit Property Trust.


Sherwin-Williams (NYSE: SHW) reported higher second quarter earnings but the results fell short of analyst expectations and the company forecast current quarter earnings below estimates.   

In the broad market, advancing issues outpaced decliners by a margin of more nearly 2 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index gained 8 points to 1689.

Higher Open On Upbeat Earnings

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Upbeat earnings sent the markets soaring to a sharply high open with the Dow surging 112 points to 15,583. Nasdaq gained 10 points to 3620.

On the upside

Supervalu (NYSE: SVU) impressed with sharply higher first quarter earnings that more than doubled to beat analyst expectations. 

Shares of OncoMed Pharmaceuticals surged in its market debut (Nasdaq: OMED). 

Johnson Controls (NYSE: JCI) reported higher third quarter earnings that topped analyst estimates and forecast current quarter earnings ahead of expectations.


On the downside


Second quarter earnings fell for eBay (Nasdaq: EBAY) prompting a downgrade.



Taiwan Semiconductor (NYSE: TSM) reported higher second quarter earning but company forecast third quarter revenue that fell short of expectations.


Jakks Pacific (Nasdaq: JAKK) fell to a loss for the second quarter prompting the toy maker to cut its full year outlook.   

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 11 points to 1692.

The markets closed higher with the Dow gaining 18 points to 15,470 after Federal Reserve chairman Ben Bernanke calmed investors with his assurances that tapering of stimulus measures would not begin until the end of the year. Nasdaq climbed 11 points to 3610.

On the upside

Energy XXI (Nasdaq: EXXI) reported that proved oil reserves jumped approximately 50%. 

United Rentals (NYSE: URI) reversed year ago losses to post a stronger than expected profit for the second quarter as revenue climbed. 

Goldman Sachs analyst Theodore Durbin upgraded Linn Energy (Nasdaq: LINE) to a Buy rating.


On the downside


Regulus Therapeutics (Nasdaq: RGLS) priced its public offering of 4.5 million common shares at the discounted price of $9.50 per share.


FBR Capital downgraded Wabash National (NYSE: WNC) from an Outperform rating to a Market Perform rating.


Profit taking sank shares of LDK Solar (NYSE: LDK), Real Goods Solar (Nasdaq: RSOL) and Suntech Power (NYSE: STP).   

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index rose 4 points to 1680.

Assurances by Federal Reserve chairman Ben Bernanke that tapering of economic stimulus measures would not begin until the end of the year lifted the markets to a higher open with the Dow rising 13 points to 15,465. Nasdaq gained 9 points to 3608.

On the upside

Yahoo (Nasdaq: YHOO) reported higher second quarter earnings that topped analyst estimates on strength from its stake in Alibaba. 

Shares of NRG Yield (NYSE: NTLD) surged on its first trading day. 

Bargain hunters snapped up shares of Tesla Motors (Nasdaq: TSLA).


On the downside


Zagg (Nasdaq: ZAGG) slashed its revenue guidance for the second quarter and full year.


Verastem (Nasdaq: VSTM) priced its public offering of 3.7 million common shares at the discounted price of $15.00 per share.


Mattel (Nasdaq: MAT) disappointed with lower second quarter earnings as Barbie sales continued to drop.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index rose 3 points to 1680.

Lower Close On Mixed Earnings

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The markets closed lower with the Dow slipping 32 points to 15,451 on mixed earnings news. Nasdaq lost 8 points to 3598.

On the upside

A Seeking Alpha contributor expects Glu Mobile (Nasdaq: GLUU) to beat expectations for the second quarter. 

Xinyuan Real Estate (NYSE: XIN) expanded its share repurchase plan to buy an additional $60 million worth of stock. 

Shares of Iamgold (NYSE: IAG), Eldorado Gold (NYSE: EGO) and Kinross Gold (NYSE: KGC) all rose as gold prices climbed.


On the downside


A Seeking Alpha contributor identified Solar City (Nasdaq: SCTY) as an outrageously valued bubble stock.


Profit taking sank shares of United Microelectronics (NYSE: UMC).


Disappointing retail sales weighed down shares of Aeropostale (NYSE: ARO).   

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 slipped 6 points to 1676.

Disappointing earnings weighed the markets down during the midday with the Dow losing 36 points to 15,447. Nasdaq fell 10 points to 3597.

On the upside

Forest Oil (NYSE: FST) will sell its oil and gas assets in the Texas Panhandle. 

Rising gold prices lifted shares of Barrick Gold (NYSE: ABX), Kinross Gold (NYSE: KGC) and Yamana Gold (NYSE: AUY). 

Shares of Suntech Power (NYSE: STP) and LDK Solar (NYSE: LDK) continued rising after China announced plans to expand its solar generating capacity yesterday.


On the downside


Goldman Sachs analyst Patrick Archambault set a price target of $84 per share for Tesla Motors (Nasdaq: TSLA).


Shares of ExOne (Nasdaq: XONE) continued falling after BB&T downgraded the company yesterday.


Liquidity Services (Nasdaq: LQDT) warned that third quarter earnings and revenue would fall short of its previous forecast and cut if full year outlook.   

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index lost 6 points to 1676.

The markets opened flat with the Dow edging up a point to 15,485 while Nasdaq added 3 points to 3610 on disappointing earnings.

On the upside

Bally Technologies (NYSE: BYI) will pay a premium of approximately $1.31 billion in cash to acquire SHFL Entertainment (Nasdaq: SHFL). 

Citigroup upgraded Baidu (Nasdaq: BIDU) from a Sell rating to a Neutral rating. 

Renesola (NYSE: SOL) lifted its second quarter shipment and revenue outlook.


On the downside


Joe's Jeans (Nasdaq: JOEZ) disappointed with lower second quarter earnings that fell short of analyst expectations and announced plans to buy privately held Hudson Clothing for approximately $97.6 million.


Coco-Cola (NYSE: KO) blamed poor weather and a weak global economy for lower second quarter earnings and revenue.


Second quarter earnings slipped for Charles Schwab (NYSE: SCHW) to fall short of expectations as expenses rose.   

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The broader S&P 500 index eased a fraction to 1681.

The Dow closed at a new record high by rising 19 points to 15,484 on hopes that disappointing retail sales will delay tapering of the Federal Reserve's bond buying program. Nasdaq gained 7 points to 3607.

On the upside

MB Financial will pay approximately $680 million in cash to acquire Taylor Capital Group (Nasdaq: TAYC). 

Raymond James analyst Hans Mosesmann upgraded Applied Micro Circuits (Nasdaq: AMCC) from a Strong Buy rating to an Outperform rating. 

China's plan to quadruple its solar power generating capacity by 2015 boosted shares of Canadian Solar (Nasdaq: CSIQ), JA Solar Holdings (Nasdaq: JASO), Real Goods Solar (Nasdaq: RSOL) and Renesola (NYSE: SOL).


On the downside


A jury found that four of WiLAN's (Nasdaq: WILN) patents were not infringed upon in a patent suit againt Alcatel-Lucent, Ericsson, HTC and Sony Mobile.


The Female Health Co. (Nasdaq: FHCO) warned of lower third quarter shipments.


Shares of Ceres (Nasdaq: CERE) continued falling.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 1682.

Optimism that weaker than expected retail sales will delay tapering of the Federal Reserve's bond buying program lifted the markets during the midday with the Dow rising 24 points to 15,488. Nasdaq gained 7 points to 3607.

On the upside

Shares of LDK Solar (NYSE: LDK), Suntech Power (NYSE: STP), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) all soared on China's plan to quadruple its solar power generating capacity to more than 35 gigawatt by 2015. 

Inteliquent (Nasdaq: IQNT) increased its 2013 revenue guidance. 

Duff Brothers Capital will pay approximately $38.2 million in cash to acquire Frozen Food Express (Nasdaq: FFEX).


On the downside


Ingredion (NYSE: INGR) blamed challenges in Argentina for lowering its second quarter earnings outlook as well as its full year guidance.


Rising mortgage rates weighed down shares of DR Horton (NYSE: DHI).


BB&T Capital Markets downgraded ExOne (Nasdaq: XONE) 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 the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 1682.

The markets opened flat with the Dow adding 9 points to 15,473 as June retail sales rose by a less than expected 0.4%. Nasdaq eased a point to 3598.

On the upside

AT&T (NYSE: T) will pay approximately $1.19 billion in cash to acquire Leap Wireless (Nasdaq: LEAP). 

Sprint's (NYSE: S) new Unlimited Guarantee, My Way or My All-in plan became available on July 12 to new and existing customers. 

Aston Capital formed the LightCap I Fund to finance LED product purchases and installation costs for Revolution Lighting and Technologies (Nasdaq: RVLT) customers.


On the downside


Venaxis (Nasdaq: APPY) reported that its CE Marked APPY1 test to identify appendicitis risk in patients passed the first of two futility tests but the stock price fell.


OCZ Technology (Nasdaq: OCZ) warned that first quarter revenue would fall far short of analyst expectations due to a shortage of NAND flash chips.


The Alberta Securities Commission revoked a cease trade order that was issued to Magnum Hunter (NYSE: MHR) on April 26, 2013 but the stock price fell.   

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index held steady at 1680.

The markets closed modestly higher with the Dow adding 3 points to 15,464 as upbeat earnings tempered disappointment over a drop in consumer sentiment. Nasdaq climbed 21 points to 3600.

On the upside

Bloomberg reported that Roche may acquire Alexion Pharmaceuticals(Nasdaq: ALXN). 

Seeking Alpha wrote that Rockwell Medical (Nasdaq: RMTI) was undervalued. 

Bargain hunters lifted shares of RadioShack (NYSE: RSH).


On the downside


Fly Leasing (NYSE: FLY) extended its losses.


Profit taking sank shares of Lee Enterprises (NYSE: LEE).


June box office receipts for RealD (Nasdaq: RLD) enabled movie screens fell sequentially.   

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 index rose 5 points to 1680.

Consumer sentiment slipped to weigh the markets down during the midday with the Dow losing 42 points to 15,418. Nasdaq held steady at 3578.

On the upside

Sprint (NYSE: S) introduced its Sprint Unlimited Guarantee plan that offers unlimited voice, text and data. 

Alnylam Pharmaceuticals (Nasdaq: ALNY) continued rising after reporting upbeat drug trial data yesterday. 

Infosys (NYSE: INFY) reported first quarter earnings and revenue that beat analyst expectations.


On the downside


A District court sided against The Medicines Co. (Nasdaq: MDCO) in its patent suit against Teva (NYSE: TEVA).


An internal fire started aboard a Boeing (NYSE: BA) 787 Dreamliner at Heathrow airport.


Peregrine Pharmaceuticals (Nasdaq: PPHM) posted a loss for the fourth quarter.   

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index eased a point to 1673.

Higher Open On Upbeat Earnings

|

Upbeat earnings lifted the markets to a high open with the Dow rising 27 points to 15,487. Nasdaq gained 7 points to 3585.

On the upside

Spreadtrum Communications (Nasdaq: SPRD) will be acquired by Tsinghua Holdings in a deal valued at approximately $1.78 billion. 

Athenahealth (Nasdaq: ATHN) will provide cloud services to Ascension Health Alliance's Clinical Holdings. 

WebMD Health (Nasdaq: WBMD) reported higher preliminary second quarter revenue and lifted its full year guidance.


On the downside


Raymond James downgraded Ceres (Nasdaq: CERE) from an Outperform rating to a Market Perform rating.


UPS (NYSE: UPS) reported preliminary second quarter results that missed analyst expectations and cut its full year earnings outlook.


Oppenheimer downgraded SodaStream International (Nasdaq: SODA) from an Outperform rating to a Perform rating.   

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1676.

Reassurances that the Federal Reserve would continue its stimulus measures sent the markets soaring to a sharply higher close with the Dow leaping 169 points to close at a record 15,460. Nasdaq jumped 57 points to 3578.

On the upside

PLDT deployed Ciena's (Nasdaq: CIEN) 5410 Packet-Optical Reconfigurable Switch System and OneConnect Intelligent Control Plane software. 

Rising gold prices lifted shares of Eldorado Gold (NYSE: EGO) and Randgold Resources (Nasdaq: GOLD). 

The Securities and Exchange Commission ended its investigation into IntraLinks (NYSE: IL) with no enforcement action.


On the downside


Amarin (Nasdaq: AMRN) stock continued falling after announcing a public offering of 21.7 million American Depositary Shares on Monday after market close.


Debtwire reported that RadioShack (NYSE: RSH) was exploring the possibility of hiring a financial advisor.


TheStreet Ratings affirmed its Buy rating on Regions Financial (NYSE: RF).   

In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index surged 22 points to 1675.

The markets advanced during the midday with the Dow jumping 131 points to 15,423 on reassurances from Federal Reserve chairman Ben Bernanke that the bond buying program would continue until the economy strengthened. Nasdaq leaped 43 points to 3564.

On the upside

Alnylam Pharmaceuticals (Nasdaq: ALNY) reported positive results from a Phase I trial of ALN-TTRsc to treat TTR-mediated amyloidosis. 

The Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges granted initial accreditation to Bridgepoint Education's (NYSE: BPI) Ashford University. 

Bank of America upgraded Advanced Micro Devices (Nasdaq: AMD) from an Underperform rating to a Buy rating.


On the downside


Renewable Energy Group (Nasdaq: REGI) will release second quarter financial results on July 30 after market close.


Ascent Solar Technologies (Nasdaq: ASTI) announced a distribution partnership with West Coast Limited but the stock price fell.


FLY Leasing (NYSE: FLY) continued falling after announcing a secondary offering Tuesday after market close.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index soared 16 points to 1669.

Indications that the Federal Reserve would continue its bond buying program through the end of the year boosted the markets to a sharply higher open with the Dow soaring 107 points to 15,399. Nasdaq surged 34 points to 3554.

On the upside

Rockwell Medical (Nasdaq: RMTI) reported positive results from a Phase 3 study of its iron deficiency treatment SFP. 

Celgene (Nasdaq: CELG) reported upbeat results from a Phase III study of its multiple myeloma drug Revlimid. 

The Higher Learning Commission reaffirmed the accreditation of Apollo Group's (Nasdaq: APOL) University of Phoenix.


On the downside


SemiLEDs (Nasdaq: LEDS) widened third quarter losses as revenue dropped.


Silicon Valley Bank requested that a receiver be appointed to collect a loan made to Alvarion (Nasdaq: ALVR).


Merrimack Pharmaceuticals (Nasdaq: MACK) will offer $50 million worth of common stock and $75 million worth of convertible senior notes.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 14 points to 1666.

The markets closed mixed with the Dow easing 8 points to 15,291 after the Federal Reserve indicated that it would most likely slow its bond purchasing program at the end of 2013 with a probable end to the program in mid-2014. Nasdaq gained 16 points to 3520.

On the upside

NII Holdings (Nasdaq: NIHD) announced Monday after market close that it partnered with Motorola Mobility to offer an advanced Push-to-Talk service in the United States. 

Caesers Entertainment (NYSE: CZR) will offer $1.18 billion worth of stock in its online gambling business. 

Endeavour International (NYSE: END) hosted an operational update conference call this morning.


On the downside


Entravision Communications (NYSE: EVC) will offer online streaming for 42 of its radio stations through the Abacast Clarity Digital Radio System.


TheStreet expects GTx (Nasdaq: GTX) to report disappointing results from two Phase III studies of its muscle wasting drug enobosarm.


FLY Leasing (NYSE: FLY) will sell $160 million worth of American Depositary Shares through a public offering.   

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index held steady at 1652.

The markets traded mixed during the midday with the Dow slipping 28 points to 15,271 as investors await the release of minutes from the latest Federal Reserve policy meeting. Nasdaq rose 6 points to 3510.

On the upside

Allscripts Healthcare Solutions (Nasdaq: MDRX) expects bookings in the second quarter to climb. 

Nu Skin Enterprises (NYSE: NUS) increased its second quarter and full year revenue and earnings outlook. 

Family Dollar Stores (NYSE: FDO) reported higher third quarter revenue.


On the downside


ADTRAN (Nasdaq: ADTN) reported lower second quarter earnings and revenue.


TheStreet noted that iTunes Radio (Nasdaq: AAPL) will most likely have more to offer than Pandora (NYSE: P).


Amazon Web Services (Nasdaq: AMZN) cut prices for its cloud computing services sending shares of Rackspace Hosting (NYSE: RAX) tumbling.   

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 index lost 2 points to 1649.

The markets opened mixed with the Dow losing 24 points to 15,275 while Nasdaq added 3 points to 3507 ahead of the release of minutes from the latest Federal Reserve policy meeting.

On the upside

Cliffs Natural Resources (NYSE: CLF) president and chief executive Joseph Carrabba will retire by the end of the year. 

Raymond James upgraded Walter Energy (NYSE: WLT) from an Underperform rating to a Market Perform rating. 

Ctrip International (NYSE: CTRP) denied rumors that it was being acquired.


On the downside


Nabors Industries (NYSE: NBR) warned that second quarter earnings would fall short of expectations.


Cleveland Research said that June domestic comps for Best Buy (NYSE: BBY) slowed.


Kayne Anderson (NYSE: KYN) priced its public offering of 6.2 million common shares at the discounted price of $36.00 per share.   

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 index slipped 2 points to 1649.

Optimism for a strong earnings season lifted the markets to a higher close with the Dow climbing 75 points to 15,300. Nasdaq gained 19 points to 3504.

On the upside

Rumors circulated that several companies may be interested in acquiring Health Management Associates (NYSE: HMA). 

Piper Jaffray upgraded Freescale Semiconductor (NYSE: FSL) from a Neutral rating to an Overweight rating. 

The Dolan Co. (NYSE: DM) will sell two of its legal service businesses.


On the downside


Accounting firms refused to provide documents to the SEC for their fraud investigation of Canadian Solar (Nasdaq: CSIQ).


The growth of Pandora's (NYSE: P) listener hours slowed in June.


Goldman Sachs downgraded Synchronoss Technologies (Nasdaq: SNCR) from a Neutral rating to a Sell rating.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index climbed 11 points to 1652.

The markets advanced during the midday with the Dow gaining 60 points to 15,285 on strong earnings. Nasdaq rose 14 points to 3499.

On the upside

Dynavax Technologies (Nasdaq: DVAX) named former Pfizer (NYSE: PFE) executive Natale Ricciardi to its board. 

Zacks expects DR Horton (NYSE: DHI) to top earnings estimates this quarter. 

Speculation swirled that activist hedge fund manager Bill Ackman may invest in FedEx (NYSE: FDX).


On the downside


Ixia (Nasdaq: XXIA) lowered its second quarter revenue outlook prompting downgrades.


Morgan Stanley downgraded Quest Diagnostics (NYSE: DGX) from an Equal Weight rating to an Underweight rating.


FX Energy (Nasdaq: FXEN) reported disappointing results from a Plawce-2 well test.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index gained 9 points to 1650.

A strong start to earnings season lifted the markets to a higher open with the Dow rising 40 points to 15,265. Nasdaq added 3 points to 3487.

On the upside

CytRx (Nasdaq: CYTR) reported positive results for its aldoxorubicin in treating a model of human brain tumors. 

Honda will use Clean Diesel Technologies' (Nasdaq: CDTI) high performance Mixed Phase Catalyst technology in its 2013 Accord Hybrid and Accord Plug-In Hybrid. 

A Seeking Alpha contributor wrote that Linn Energy's (Nasdaq: LINE) recent stock price drop was a buying opportunity.


On the downside


Amarin (Nasdaq: AMRN) will offer 21.7 million American Depositary Shares.


AmeriGas Partners (NYSE: APU) priced its public offering of 7.5 million common units at the discounted price of $47.60 per unit.


Intuitive Surgical (Nasdaq: ISRG) forecast second quarter earnings and revenue below analyst expectations.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 1645.

Higher Close Ahead Of Earnings

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The markets closed higher with the Dow gaining 88 points to 15,224 as investors welcomed the beginning of earnings season. Nasdaq added 5 points to 3484.

On the upside

Bargain hunters snapped up shares of National Bank of Greece (NYSE: NBG). 

Reports circulated that Jones Group (NYSE: JNY) hired Citigroup to explore a possible sale of the apparel retailer. 

Investors scooped up shares of Uni-Pixel (Nasdaq: UNXL).


On the downside


ClickSoftware Technologies (Nasdaq: CKSW) warned of losses for the second quarter and cut its full year revenue guidance.


Citigroup analyst Glen Yeung cut his earnings guidance for Intel (Nasdaq: INTC) citing weak personal computer demand.


Investors locked in profits on Zynga (Nasdaq: ZNGA).   

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index gained 8 points to 1640.

The markets traded higher during the midday with the Dow climbing 81 points to 15,217 as investors awaited the beginning of second quarter earnings season after market close. Nasdaq held steady at 3479.

On the upside

Motley Fool wrote that Walter Energy (NYSE: WLT) was a potential long term investment . 

JMP Securities initiated coverage of Santarus (Nasdaq: SNTS) with an Outperform rating and a $27 price target. 

News that the Oyu Tolgoi mine in Mongolia would begin exporting copper lifted shares of Turquoise Hill Resources (Nasdaq: TRQ).


On the downside


Barron's warned investors to have realistic expectations for Noodles & Co. (Nasdaq: NDLS) while Wedbush initiated coverage of the fast casual restaurant chain with a Neutral rating.


Natus Medical (Nasdaq: BABY) warned that second quarter revenue would fall short of expectations.


USEC (NYSE: USU) extended its losses.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index gained 8 points to 1640.

The markets opened sharply higher with the Dow soaring 108 points to 15,244 ahead of earnings season. Nasdaq rose 10 points to 3490.

On the upside

OptionMonster wrote that purchases of Yingli Green Energy's (Nasdaq: YGE) August 4 calls surged. 

Bank of America upgraded Linn Energy (Nasdaq: LINE) saying that the company's accounting practices have not misled investors. 

Luna Innovations (Nasdaq: LUNA) announced a multi-year development and supply agreement with Intuitive Surgical (Nasdaq: ISRG).


On the downside


Investors locked in profits on Celldex Therapeutics (Nasdaq: CLDX).


Cytokinetics (Nasdaq: CYTK) reported a programming error in a Phase IIb double-blind, randomized, placebo-controlled clinical trial of tirasemtiv.


Evercore downgraded ON Semiconductor (Nasdaq: ONNN) from an Overweight rating to an Equal Weight rating.   

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index climbed 11 points to 1643.

An upbeat jobs report sent the markets soaring to a sharply higher close with the Dow surging 147 points to 15,135. Nasdaq leaped 35 points to 3479.

On the upside

Novavax (Nasdaq: NVAX) stock continued climbing after reporting positive trial results on Tuesday. 

Reports that China and the European Union were close to a solar panel deal lifted shares of JinkoSolar Holding (NYSE: JKS). 

ReneSola (NYSE: SOL) received official certification for its micro inverter Micro Replus from the United States, Canada, Australia, New Zealand, Germany, Denmark and the United Kingdom.


On the downside


Shares of ARMOUR Residential REIT (NYSE: ARR) fell over concerns of rising interest rates.


McEwen Mining (NYSE: MUX) stock slipped as gold prices fell.


Share of USEC (NYSE: USU) continued falling after completing a 1-for-25 reverse stock split on Monday, July 1.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index soared 16 points to 1631.

Jobs Data Boosts Markets

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Employers added a greater than expected 195,000 jobs in June to boost the markets during the midday with the Dow climbing 88 points to 15,077. Nasdaq gained 21 points to 3465.

On the upside

Motley Fool recommended accumulating Celldex (Nasdaq: CLDX) for the long term. 

Bargain hunters lifted shares of National Bank of Greece (NYSE: NBG). 

Trina Solar (NYSE: TSL) received the International Electrotechnical Commission 61730-2 standard certification with Class A Fire Safety from TUV Rheinland.


On the downside


Concerns about rising interest rates weighed down shares of American Capital Mortgage (Nasdaq: MTGE), Anworth Mortgage Asset (NYSE: ANH) and New York Mortgage Trust (Nasdaq: NYMT).


AngloGold Ashanti (NYSE: AU) and Barrick Gold (NYSE: ABX) both fell as gold prices dropped.


World Acceptance (Nasdaq: WRLD) delayed filing its annual report.   

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by more than 2 to 1 on Nasdaq. The broader S&P 500 index climbed 9 points to 1624.

The markets opened mixed with the Dow slipping 8 points to 14,980 while Nasdaq added 2 points to 3446 as the nation's unemployment rate held steady at 7.6%.

On the upside

Shares of JA Solar (Nasdaq: JASO) and Yingli Green Energy (NYSE: YGE) rose as China and the European Union neared an agreement on Chinese solar panels. 

Needham initiated coverage of 21st Century Fox (Nasdaq: FOXA) on Wednesday with a Buy rating and a $36 price target. 

Standard & Poor's downgraded the long term corporate credit rating of Nokia (NYSE: NOK) to a BB- but the stock price rose.


On the downside


Linn Energy (Nasdaq: LINE) fell for the third day in a row after announcing an informal SEC inquiry.


Real estate investment trust American Capital Agency (Nasdaq: AGNC) extended its losses over continued concerns about rising interest rates.


Falling gold prices weighed down shares of Kinross Gold (NYSE: KGC) and Yamana Gold (NYSE: AUY).   

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE while advancers edged out decliners by nearly 7 to 3 on Nasdaq. The broader S&P 500 index added a point to 1616.

U. S. Markets Closed

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U. S. markets are closed for Independence Day.

The markets closed higher on a shortened trading day with the Dow gaining 56 points to 14,988 as private employers hired more workers. Nasdaq rose 10 points to 3443.

On the upside

EXCO Resources (NYSE: XCO) will pay approximately $1 billion to purchase Chesapeake Energy (NYSE: CHK) assets in Texas and Louisiana. 

Bloomberg reported that Emulex (NYSE: ELX) retained the services of Goldman Sachs to explore a possible sale of the chipmaker. 

A Seeking Alpha contributor expects Glu Mobile (Nasdaq: GLUU) to surpass second quarter expectations as four of its games joined the Top 100 Grossing Chart for China.


On the downside


A delay in the requirement that companies with more than 50 employees must provide health insurance for workers sent shares of staffing services company Robert Half International (NYSE: RHI) down.


Profit taking sank shares of QR Energy (NYSE: QRE).


Immunomedics (Nasdaq: IMMU) reported encouraging results from a Phase Ib study of 90Y clivatuzumab in metastatic pancreatic cancer but the stock price fell.

  

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 more than 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1615.

Flat Open Over Economic Data

|

Jobless claims dropped last week but expansion in the nation's services sector slowed in June. The markets opened flat with the Dow adding 6 points to 14,939 while Nasdaq eased a point to 3432.

On the upside

Noodles & Co. (Nasdaq: NDLS) rose again after Mad Money's Jim Cramer rated the fast casual chain a Buy yesterday. 

OCZ Technology (Nasdaq: OCZ) expects to complete its restatement process before the end of August. 

Fortinet (Nasdaq: FTNT) will release second quarter results after market close on Tuesday, July 30.


On the downside


Shares of Linn Energy (Nasdaq: LINE) continued falling after announcing a Securities and Exchange Commission informal inquiry late Monday.


Mead Johnson Nutrition (NYSE: MJN) extended its losses  from yesterday when China launched an antitrust investigation into foreign infant milk formula makers.


Investors locked in profits on United States Steel (NYSE: X).

  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index lost 4 points to 1609.

Egypt Unrest Sinks Stocks

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The markets turned negative in late afternoon trading with the Dow losing 42 points to 14,932 over unrest in Egypt. Nasdaq slipped a point to 3433.

On the upside

Jim Cramer rated Noodles & Co. (Nasdaq: NDLS) a Buy saying that the fast casual chain could be the next Chipotle Mexican Grill (NYSE: CMG). 

StreetAuthority wrote that U. S. Steel (NYSE: S) would rebound 30%. 

Third quarter earnings slipped for Acuity Brands (NYSE: AYI) but the results surpassed analyst expectations.


On the downside


Iamgold (NYSE: IAG) began trading ex-dividend yesterday.


A. Schulman (Nasdaq: SHLM) withdrew its $563 million offer for Ferro (NYSE: FOE).


Greenbrier (NYSE: GBX) fell to a loss for the third quarter.

  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1614.

The markets traded higher during the midday with the Dow rising 24 points to 14,999 as June auto sales climbed. Nasdaq gained 6 points to 3441.

On the upside

Mad Money's Jim Cramer rated Celldex Therapeutics (Nasdaq: CLDX) a Buy. 

AcelRx Pharmaceuticals (Nasdaq: ACRX) was added to the Russell 3000 Index and the Russell Global Index on July 1, 2013. 

Celsion (Nasdaq: CLSN) reappointed Jeffrey W. Church to the position of chief financial officer.


On the downside


Hudson Technologies (Nasdaq: HDSN) reported lower preliminary second quarter earnings and revenue.


The proposed 9.4% cut to Medicare reimbursements for dialysis patients sent shares of Fresenius Medical Care (NYSE: FMS) tumbling.


China launched an antitrust violation investigation into foreign infant milk formula companies Abbott Laboratories (NYSE: ABT), Danone, Mead Johnson Nutrition (NYSE: MJN) and Nestle.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index added 4 points to 1618.

A stronger than expected gain in May factory orders lifted the markets to a higher open with the Dow gaining 46 points to 15,021. Nasdaq added 9 points to 3444.

On the upside

Nielsen Holdings (NYSE: NLSN) will replace Sprint Nextel (NYSE: S) in the S&P 500 after market close on Monday, July 8. 

Cleantech Solutions (Nasdaq: CLNT) forecast 2013 revenue to range between $60 million to $62 million. 

Shares of Zynga (Nasdaq: ZNGA) continued soaring after the online social gaming developer named a new chief executive yesterday.


On the downside


The Securities and Exchange Commission opened an informal inquiry into Linn Energy's (Nasdaq: LINE) proposed acquisition of Berry Petroleum (NYSE: BRY).


Medicare reimbursements to Davita HealthCare Partners (NYSE: DVA) may drop by 9.4% in 2014.


The Food and Drug Administration placed a clinical hold on Achillion Pharmaceuticals' (Nasdaq: ACHN) early stage study of its hepatitis C treatment sovaprevir.

  

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 5 points to 1620.

Upbeat economic data lifted the markets to a higher open with the Dow gaining 65 points to 14,974. Nasdaq climbed 31 points to 3434.

On the upside

Zynga (Nasdaq: ZNGA) chief executive Mark Pincus will be replaced by Microsoft (Nasdaq: MSFT) entertainment business president Don Mattrick. 

Renesola (NYSE: RSOL) restarted its Sichuan polysilicon plant today after completing upgrades to its furnaces and hydrochlorination technology. 

BB&T upgraded YRC Worldwide (Nasdaq: YRCW) to a Buy rating with a $40 price target.


On the downside


J.P. Morgan Katherine Lucas Minyard downgraded HollyFrontier (NYSE: HFC) to an Underweight rating.


Healthways (Nasdaq: HWAY) announced a private placement of $100 million of cash convertible senior notes.


Investors locked in profits on Chambers Street Properties (NYSE: CSG) after the company joined the Russell 3000 and Russell Global Indexes after market close on June 28.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 8 points to 1614.

The markets traded higher during the midday with the Dow soaring 146 points to 15,055 as May construction spending rose 0.5%. Nasdaq surged 46 points to 3449.

On the upside

Reuters reported that Time Warner Cable (NYSE: TWC) was interested in acquiring Cablevision (NYSE: CVC). 

Credit Suisse analyst Gary Balter resumed coverage of Best Buy (NYSE: BBY) with an Outperform rating and lifted his price target from $32 to $40. 

Kohlberg & Co. will take Steinway Musical Instruments (NYSE: LVB) in a deal valued at approximately $438 million.


On the downside


An International Trade Commission judged issued an initial determination that Nokia (NYSE: NOK), Huawei Technologies and ZTE did not infringe on InterDigital (Nasdaq: IDCC) patents.


BMO Capital Markets downgraded Coeur Mining (NYSE: CDE) to an Underperform rating.


Analysts cited BlackBerry's (Nasdaq: BBRY) unexpected loss for the first quarter for downgrading the smartphone maker.

  

In the broad market, advancing issues outpaced decliners 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 climbed 18 points to 1624.

An increase in June manufacturing activity sent the markets soaring to a sharply higher open with the Dow leaping 165 points to 15,075. Nasdaq jumped 47 points to 3450.

On the upside

Onyx Pharmaceuticals (Nasdaq: ONXX) rejected an unsolicited acquisition offer of $120 per share from Amgen (Nasdaq: AMGN). 

Wells Fargo initiated coverage of News Corp. (Nasdaq: NWSA) with an Outperform rating. 

Pfizer (NYSE: PFE) will expand commercialization plans for its abuse deterrent OXECTA Tablets CII that use Acura Pharmaceuticals' (Nasdaq: ACUR) AVERSION Technology.


On the downside


Investors locked in profits on Halozyme Therapeutics (Nasdaq: HALO).


Insmed (Nasdaq: INSM) reported positive results from a Phase 3 study of its once daily Arikace medication for lung infections in cystic fibrosis patients but the results were statistically similar to Novartis' (NYSE: NVS) already approved drug TOBI.


Evercore Partners analyst Alan Gould initiated coverage of 21st Century Fox (Nasdaq: FOXA) with an Overweight rating but the stock price dropped.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 18 points to 1625.

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