October 2013 Archives

Despite a greater than expected drop in jobless claims, the markets closed lower with the Dow dropping 73 points to 15,545 over continued concerns about the economic recovery. Nasdaq lost 10 points 3919.

On the upside

Zeltiq Aesthetics (Nasdaq: ZLTQ) narrowed third quarter losses more than expected as revenue surged prompting the company to lift its full year revenue guidance.

ShoreTel (Nasdaq: SHOR) narrowed first quarter losses more than expected as revenue rose.

GrafTech International (NYSE: GTI) fell to a loss for the third quarter but the results were better than expected.


On the downside


Meson Capital Partners published an investigative research report saying the Odyssey Marine Exploration (Nasdaq: OMEX) has deceived shareholders. 

Boyd Gaming (NYSE: BYD) fell to an unexpected loss for the third quarter.

Weight Watchers (NYSE: WTW) reported lower third quarter earnings and revenue, warned of a challenging year for 2014 and suspended its quarterly dividend.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 1756.

Markets Flat At Midday

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The markets traded flat during the midday with the Dow slipping 8 points to 15,610 even as jobless claims fell more than expected. Nasdaq added 4 points 3935.

On the upside

Shares of 58.com (NYSE: WUBA) surged on its first trading day.

Essent Group (NYSE: ESNT) stock leaped in its market debut.

Third quarter earnings slipped for Atmel (Nasdaq: ATML) but the results topped analyst estimates and the company increased its stock repurchase program funds by $300 million.


On the downside


A district court invalidated a patent owned by Sequenom (Nasdaq: SQNM). 

NII Holdings (Nasdaq: NIHD) widened losses more than expected as revenue fell.

Sony (NYSE: SNE) widened second quarter losses and cut its full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1763.

First time applications for unemployment benefits fell more than expected last week but the markets opened lower with the Dow losing 48 points to 15,570. Nasdaq fell 14 points 3915.

On the upside

Alcatel-Lucent (NYSE: ALU) reported a narrower than expected loss for the third quarter.

Expedia (Nasdaq: EXPE) reported flat third quarter earnings that beat analyst expectations.

Oxygen Biotherapeutics (Nasdaq: OXBT) continued rising.


On the downside


Ariad Pharmaceuticals (Nasdaq: ARIA) temporarily suspended sales of its leukemia treatment Iclusig at the request of the Food and Drug Administration. 

Avon Products (NYSE: AVP) fell to a greater than expected loss as revenue fell.

JDS Uniphase (Nasdaq: JDSU) reversed year ago losses to post a small profit for the first quarter but the company forecast current quarter revenue that fell short of expectations.

In the broad market, declining issues outpaced advancers 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 lost 4 points to 1759.

Fed Lowers Economic Outlook

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The Federal Reserve lowered its economic growth outlook sending the markets tumbling with the Dow falling 61 points to 15,618. Nasdaq dropped 21 points 3930.

On the upside

DreamWorks Animation (Nasdaq: DWA) reported a sharp drop in third quarter earnings but the results were better than expected.

Shares of Criteo (Nasdaq: CRTO) surged on its first trading day on Nasdaq.

Level 3 Communications (NYSE: LVLT) narrowed third quarter losses more than expected.


On the downside


Merrimack Pharmaceuticals (Nasdaq: MACK) reported disappointing results from a Phase 2 study of its ovarian cancer treatment MM-121. 

The Food and Drug Administration rescinded the ANCHOR study special protocol that had been granted to Amarin (Nasdaq: AMRN) for Vascepa.

Teva (NYSE: TEVA) chief executive Jeremy Levin resigned.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 fell 8 points to 1763.

Markets Slip Over Jobs Data

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The markets slipped during the midday with the Dow losing 15 points to 15,664 over disappointing jobs data. Nasdaq fell 11 points 3940.

On the upside

Third quarter earnings plunged for General Motors (NYSE: GM) but the results topped analyst expectations.

LifeLock (NYSE: LOCK) reported lower earnings for the third quarter but revenue soared.

Shares of Surgical Care Affiliates (Nasdaq: SCAI) surged in its market debut.


On the downside


Questcor Pharmaceuticals (Nasdaq: QCOR) reported sharply higher third quarter earnings but an expanded investigation into the company's promotional practices end the stock price tumbling. 

Second quarter earnings slipped for InvenSense (NYSE: INVN) and the company forecast current quarter revenue below expectations.

Digital Realty Trust (Nasdaq: DLR) reported lower third quarter earnings and lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 1768.

Flat Open On Jobs Data

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The markets opened flat with the Dow adding 4 points to 15,684 as private sector employers hired fewer workers than expected in October. Nasdaq eased a fraction to 3951.

On the upside

Shares of Nokia (NYSE: NOK) continued rising after reporting a narrower than expected loss.

NQ Mobile (NYSE: NQ) subsidiary FL Mobile secured the exclusive rights to publish the Pocket Dream mobile game on the iOS platform in China.

A report published by the Duke Clinical Research Institute said that levosimendan, which Oxygen Biotherapeutics (Nasdaq: OXBT) has an agreement to acquire from Phyxius Pharma, reduced mortality in heart surgery patients.


On the downside


Western Union (NYSE: WU) reported lower third quarter earnings and revenue and forecast full year earnings below expectations. 

Central European Media Enterprises (Nasdaq: CETV) reported a loss for the third quarter as revenue fell and cut its full year outlook.

Second quarter earnings slipped for Cirrus Logic (Nasdaq: CRUS).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1771.

Markets Soar On Fed Hopes

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Expectations that the Federal Reserve will continue its stimulus measures sent the markets soaring to a sharply higher close with the Dow surging 111 points to 15,680. Nasdaq gained 12 points to 3952.

On the upside

Celsion (Nasdaq: CLSN) completed a 1 for 4.5 reverse stock split.

U. S. Steel (NYSE: X) fell to a loss for the third quarter due to an impairment charge but the results were better than expected.

Huntsman (NYSE: HUN) reported lower third quarter earnings but revenue rose to top analyst estimates.


On the downside


PMC-Sierra (Nasdaq: PMCS) narrowed third quarter losses but revenue dropped to fall short of expectations. 

Eagle Rock Energy Partners (Nasdaq: EROC) cut its quarterly cash distribution from 22 cents per common unit to 15 cents per common unit.

The Financial Market Supervisory Authority ordered UBS (NYSE: UBS) to increase its reserves for potential legal expenses.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 climbed 9 points to 1771.

The markets advanced during the midday with the Dow soaring 102 points to 15,670 even as September retail sales edged down. Nasdaq rose 9 points to 3949.

On the upside

Reports circulated that Apple (Nasdaq: AAPL) removed NQ Mobile's (NYSE: NQ) games from its App Store but the stock price rose.

Xylem (NYSE: XYL) reported higher third quarter earnings and revenue that beat analyst expectations and lifted its full year outlook.

Nutrisystem (Nasdaq: NTRI) reported lower third quarter earnings due to one-time charges but the results were better than expected.


On the downside


American Capital Agency (Nasdaq: AGNC) reported lower third quarter earnings that missed expectations by a wide margin. 

Third quarter earnings edged up for Cummins (NYSE: CMI) but the results fell far short of analyst expectations and the company warned of lower full year revenue.

UBS (NYSE: UBS) warned that earnings may fall short of previous guidance due to regulatory requirements that the company set aside additional capital for potential legal expenses.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 8 points to 1770.

Rising Home Prices Lift Markets

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Rising home prices lifted the markets to a higher open with the Dow gaining 47 points to 15,616. Nasdaq added a point to 3941.

On the upside

Nokia (NYSE: NOK) narrowed third quarter losses more than expected and forecast an increase in its network business profit margin.

Pitney Bowes (NYSE: PBI) fell to a loss for the third quarter but the results were better than expected.

Third quarter earnings surged for Integrated Device Technology (Nasdaq: IDTI) to top expectations.


On the downside


Volcano (Nasdaq: VOLC) reported preliminary third quarter revenue that fell short of analyst expectations prompting downgrades. 

Dana Holding (NYSE: DAN) reported higher third quarter earnings but the results missed analyst estimates.

Fourth quarter earnings plunged for Sanmina (NYSE: SANM) as revenue fell and the company forecast current quarter results below 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 rose 4 points to 1766.

Flat Close Ahead Of Fed Meeting

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The markets closed flat with the Dow edging down a point to 15,568 ahead of the Federal Reserve's two day meeting beginning tomorrow. Nasdaq slipped 3 points to 3940.

On the upside

A Seeking Alpha contributor expects Gluu Mobile's (Nasdaq: GLUU) new monetization strategy to succeed.

J. C. Penney (NYSE: JCP) affirmed its forecast for an increase in third quarter same store sales.

Shares of Dyax (Nasdaq: DYAX) extended its gains.


On the downside


NetEase (Nasdaq: NTES) will announce third quarter results on Wednesday, November 13, 2013 after market close. 

Profit taking sank shares of JinkoSolar Holding (NYSE: JKS).

Shares of E-Commerce China Dangdan (NYSE: DANG) continued falling after warning last week of a third quarter revenue shortfall.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1762.

Markets Advance At Midday

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The markets advanced during the midday with the Dow rising 10 points to 15,564 ahead of Apple's earnings release after market close. Nasdaq added a point to 3944.

On the upside

Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA).

Fusion-io (NYSE: FIO) introduced enhancements to its Fusion ION Data Accelerator storage solution.

Petrobras (NYSE: PBR) reassured investors that developing the Libra offshore oil field will not delay the Brazilian oil company's other projects.


On the downside


Investors continued to lock in profits on Phoenix New Media (NYSE: FENG). 

Rentech Nitrogen Partners (NYSE: RNF) warned that fourth quarter results would fall short of expectations.

Trina Solar (NYSE: TSL) was identified as "Water logged and getting wetter" by Trade-Ideas.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added 3 points to 1763.

Flat Open Over Earnings News

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The markets opened flat with the Dow slipping 5 points to 15,564 as investors monitored earnings. Nasdaq lost 4 points to 3939.

On the upside

Maxim Group upgraded Dendreon (Nasdaq: DNDN) from a Hold rating to a Buy rating.

Macquarie Capital wrote that NQ Mobile's (NYSE: NQ) recent price drop was a buying opportunity.

Morgan Stanley upgraded Bristol-Myers Squibb (NYSE: BMY) from an Equal Weight rating to an Overweight rating and lifted its price target from $45 to $60.


On the downside


Synta Pharmaceutical (Nasdaq: SNTA) reported updated results from a Phase II study of ganetespib but investors questioned effectiveness of the lung cancer treatment. 

Sohu.com (Nasdaq: SOHU) disappointed with lower third quarter earnings as expenses soared.

Edwards Lifesciences (NYSE: EW) reported higher third quarter earnings and revenue but the company forecast current quarter results below expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 added a point to 1761.

Tech Earnings Lift Markets

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Upbeat earnings in the technology sector lifted the markets to a higher close with the Dow gaining 61 points to 15,570. Nasdaq rose 14 points to 3943.

On the upside

The Food and Drug Administration approved Zogenix's (Nasdaq: ZGNX) pain medication Zohydro.

Cabot Oil & Gas (NYSE: COG) reported sharply higher third quarter earnings as production soared.

Lattice Semiconductor (Nasdaq: LSCC) reversed year ago losses to post a profit for the third quarter as revenue climbed.


On the downside


Shares of NQ Mobile (NYSE: NQ) continued falling after Muddy Waters claimed that the company was a fraud. 

ResMed (NYSE: RMD) reported higher first quarter earnings but the results missed expectations.

Third quarter earnings rose for NCR (NYSE: NCR) but revenue fell short of analyst estimates.

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 more than 10 to 9 on Nasdaq. The broader S&P 500 rose 7 points to 1759.

Markets Higher On Strong Earnings

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Investors welcomed strong tech sector earnings by lifting the markets during the midday with the Dow rising 11 points to 15,520. Nasdaq edged up a fraction to 3929.

On the upside

Deckers Outdoor (Nasdaq: DECK) reported lore third quarter earnings but the results were better than expected.

Callaway Golf (Nasdaq: ELY) narrowed third quarter losses more than expected as revenue rose prompting the company to lift its full year outlook.

Cliffs Natural Resources (NYSE: CLF) named Gary B. Halverson to the position of president and chief operating officer.


On the downside


Synaptics (Nasdaq: SYNA) reported sharply higher first quarter earnings and revenue but the company forecast second quarter revenue that fell short of analyst expectations. 

Investors locked in profits on Ocean Power Technologies (Nasdaq: OPTT).

Rayonier (NYSE: RYN) disappointed with sharply lower third quarter earnings that missed expectations.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancer by 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 1754.

Strong Tech Earnings Lift Markets

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The markets opened higher with the Dow rising 21 points to 15,530 on upbeat earnings from the technology sector. Nasdaq gained 16 points to 3945.

On the upside

Zynga (Nasdaq: ZNGA) reported a narrower than expected loss for the third quarter and forecast a profit for the full year.

Career Education (Nasdaq: CECO) will sell its European properties for approximately $276.5 million in cash.

Amazon (Nasdaq: AMZN) narrowed losses for the third quarter as revenue soared.


On the downside


Third quarter earnings fell for Sirius (Nasdaq: SIRI) to miss analyst expectations. 

Healthways (Nasdaq: HWAY) disappointed with sharply lower third quarter earnings that fell short of expectations prompting the company to cut its full year guidance.

Qlik Technologies (Nasdaq: QLIK) reported higher third quarter earnings but revenue missed expectations and the company cut its full year earnings and revenue forecast.

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 added 2 points to 1754.

Higher Close On Strong Earnings

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Strong corporate earnings boosted the markets to a higher close with the Dow soaring 95points to 15,509. Nasdaq climbed 21 points to 3928.

On the upside

Natus Medical (Nasdaq: BABY) swung to a better than expected profit for the third quarter as revenue rose prompting the company to raise its fourth quarter and full year outlook.

CoreLogic (NYSE: CLGX) reported higher third quarter earnings that topped analyst estimates.

A Seeking Alpha contributor wrote that Zalicus (Nasdaq: ZLCS) has much upside potential.


On the downside


A jury awarded ParkerVision (Nasdaq: PRKR) $173 million in damages from Qualcomm (Nasdaq: QCOM) for patent infringement but the award was far short of the $500 million that ParkerVision had demanded. 

Muddy Waters initiated coverage of NQ Mobile (NYSE: NQ) with a Strong Sell rating and declared that the company was a fraud.

Akamai Technologies (Nasdaq: AKAM) reported higher third quarter earnings and revenue that beat expectations but the company warned that fourth quarter revenue would fall short of estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1752.

The markets advanced during the midday with the Dow climbing 76 points to 15,489 as factory activity in China climbed. Nasdaq gained 17 points to 3924.

On the upside

Ocean Power Technologies (Nasdaq: OPTT) partnered with Mitsui Engineering to develop and commercialize PowerBuoys.

PulteGroup (NYSE: PHM) reported sharply higher third quarter earnings that beat analyst expectations.

Ferro (NYSE: FOE) reversed year ago losses to post a better than expected profit for the third quarter and lifted its full year earnings forecast.


On the downside


Cameron (NYSE: CAM) disappointed with lower third quarter earnings that missed expectations and lowered its outlook for the fourth quarter. 

Covanta Holding (NYSE: CVA) reported higher third quarter earnings and revenue but the company lowered its full year guidance.

Third quarter earnings rose for Xerox (NYSE: XRX) but the company forecast fourth quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 4 points to 1750.

Higher Open On Upbeat Earnings

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Upbeat earnings lifted the markets to a higher open with the Dow gaining 50 points to 15,464. Nasdaq added 6 points to 3914.

On the upside

NXP Semiconductors (Nasdaq: NXPI) reported higher third quarter earnings that topped analyst estimates.

Third quarter earnings dropped for Agnico Eagle Mines (NYSE: AEM) but the results were better than expected and the company lifted its full year production outlook.

Generac Holdings (NYSE: GNRC) reported sharply higher third quarter earnings that nearly doubled to beat expectations by a wide margin as revenue rose prompting the company to lift its full year guidance.


On the downside


Fusion-io (NYSE: FIO) fell to a third quarter loss as revenue dropped and the company announced the departure of chief financial officer Dennis Wolf. 

Symantec (Nasdaq: SYMC) reported higher second quarter earnings but revenue slipped and the company forecast current quarter results below expectations.

TriQuint Semiconductor (Nasdaq: TQNT) swung to a profit for the third quarter but the company forecast fourth quarter revenue that fell short of analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 edged up a point to 1747.

Lower Close As Earnings Disappoint

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The markets closed lower with the Dow dropping 54 points to 15,413 over disappointing earnings. Nasdaq fell 22 points to 3907.

On the upside

Medivation (Nasdaq: MDVN) reported upbeat results from a Phase 3 PREVAIL trial of its prostate cancer treatment enzalutamide.

Bargain hunters lifted shares of J. C. Penney (NYSE: JCP).

Boeing (NYSE: BA) reported higher third quarter earnings and revenue that beat analyst expectations.


On the downside


Ziopharm (Nasdaq: ZIOP) will offer $50 million worth of common stock. 

Gigamon (NYSE: GIMO) priced its follow-on offering of 5.1 million common shares at the discounted price of $38.50.

Juniper Networks (NYSE: JNPR) reported sharply higher third quarter earnings but investors were disappointed with the company's outlook.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 8 points to 1746.

Earnings Weigh Down Markets

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The markets traded lower during the midday with the Dow falling 59 points to 15,408 as earnings disappointed. Nasdaq dropped 24 points to 3905.

On the upside

Stereotaxis (Nasdaq: STXS) reported preliminary third quarter revenue of approximately $10.6 million to $11.1 million.

Jakks Pacific (Nasdaq: JAKK) reported higher third quarter earnings that topped analyst expectations and forecast full year revenue ahead of estimates.

Canada Competition Bureau approved the sale of Safeway's (NYSE: SWY) Canadian stores. Also, rumors circulated that several private equity firms were interested in acquiring Safeway


On the downside


Alteray (Nasdaq: ALTR) disappointed with lower third quarter earnings as revenue dropped to fall short of expectations. 

Caterpillar (NYSE: CAT) reported sharply lower third quarter earnings that missed expectations by a wide margin as revenue dropped.

FMC Technologies (Nasdaq: FTI) reported higher third quarter earnings and revenue but the results fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 8 points to 1746.

Lower Open On Disappointing Earnings

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Disappointing earnings weighed the markets down to a lower open with the Dow dropping 75 points to 15,392. Nasdaq tumbled 36 points to 3892.

On the upside

Corning (Nasdaq: GLW) will purchase Samsung's 43% stake in their LCD glass joint venture Samsung Corning Precision Materials.

American Realty Capital (Nasdaq: ARCP) will acquire Cole Real Estate Investments (NYSE: COLE) in a deal valued at approximately $11.2 billion.

Apollo Group (Nasdaq: APOL) reported lower fourth quarter earnings and revenue but the results were better than expected.


On the downside


Cree (Nasdaq: CREE) reported higher first quarter earnings but the company forecast current quarter earnings and revenue below analyst expectations. 

The Food and Drug Administration requested that Repros Therapeutics (Nasdaq: RPRX) conduct additional studies for Androxal.

Broadcom (Nasdaq: BRCM) reported higher third quarter earnings and revenue but the chipmaker forecast current quarter revenue below estimates.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 fell 10 points to 1743.

The markets closed higher with the Dow climbing 75 points to 15,467 as the nation's unemployment rate unexpectedly dropped. Nasdaq rose 9 points to 3929.

On the upside

Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA) .

Illumina (Nasdaq: ILMN) reported higher third quarter earnings and revenue that beat analyst expectations.

Speculation that aluminum prices will rise lifted shares of Alcoa (NYSE: AA) and Century Aluminum (Nasdaq: CENX).


On the downside


Shares of Netflix (NYSE: NFLX) plunged in late afternoon trading despite reporting sharply higher third quarter earnings that beat analyst expectations as analysts and chief executive Reed Hastings questioned the soaring stock price. 

Pretium Resources (Nasdaq: PVG) reported preliminary processing results from an excavation of the Valley of Kings Bulk Sample Program.

Goldman Sachs downgraded Forest Oil (NYSE: FST) from a Neutral rating to a Sell rating.

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 4 on Nasdaq. The broader S&P 500 gained 10 points to 1754.

The markets traded higher during the midday with the Dow gaining 51 points to 15,444 as the nation's unemployment rate unexpectedly dropped. Nasdaq edged up a point to 3921.

On the upside

Transocean (NYSE: RIG) will replace Dell (Nasdaq: DELL) on the S&P 500 after market close on Monday, October 28.

VMware (NYSE: VMW) reported sharply higher third quarter earnings that topped analyst estimates.

Bargain hunters lifted shares of Catalyst Pharmaceutical Partners (Nasdaq: CPRX).


On the downside


First quarter earnings slipped for Coach (NYSE: COH) as revenue fell to miss analyst estimates. 

ITG Investment Research expects third quarter billings for Groupon (Nasdaq: GRPN) to drop.

RadioShack (NYSE: RSH) widened third quarter losses more than expected as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE while advancers barely edged out decliners on Nasdaq. The broader S&P 500 gained 7 points to 1752.

An unexpected drop in the nation's unemployment rate to 7.2% lifted the markets to a higher open with the Dow soaring 95 points to 15,487. Nasdaq gained 21 points to 3941.

On the upside

Microsemi (Nasdaq: MSCC) will pay a premium of approximately $230 million to acquire Symmetricom (Nasdaq: SYMM).

Medivation (Nasdaq: MDVN) and Astellas Pharma reported positive results from a late stage clinical trial of its prostate cancer treatment enzalutamide.

Oxygen Biotherapeutics (Nasdaq: OXBT) will acquire the exclusive rights to develop Phyxius Pharma's Phase 3 Fast Track product levosimendan.


On the downside


Citigroup downgraded Zions Bancorp (Nasdaq: ZION) from a Buy rating to a Neutral rating. 

EMC (NYSE: EMC) disappointed with flat third quarter earnings that fell short of analyst expectations.

Bernstein downgraded Advanced Micro Devices (NYSE: AMD) from a Market Perform rating to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 1756.

Flat Close As Earnings Disappoint

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The markets closed flat with the Dow slipping 7 points to 15,392 as earnings disappointed. Nasdaq added 5 points to 3920.

On the upside

Shares of Astrotech (Nasdaq: ASTC) continued rising after a Seeking Alpha contributor wrote last week that the stock was undervalued.

The Wall Street Journal reported that RadioShack (NYSE: RSH) received an $835 million loan from GE Capital.

Celanese (NYSE: CE) reported higher third quarter earnings that topped analyst estimates.


On the downside


The Rosen Law Firm launched an investigation into potential securities fraud committed by Catalyst Pharmaceutical Partners (Nasdaq: CPRX). 

Osiris Therapeutics (Nasdaq: OSIR) reached an agreement with the Food and Drug Administration regarding the regulatory status of its wound treatment Grafix.

Celldex Therapeutics (NYSE: CLDX) will present trial data at upcoming meetings for the Society for Immunotherapy of Cancer and the Society of Neuro-Oncology.

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 held steady at 1744.

Mixed Markets At Midday

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The markets traded mixed during the midday with the Dow slipping 12 points to 15,387 while Nasdaq added 7 points to 3921 as investors monitored corporate earnings.

On the upside

Devon Energy (NYSE: DVN) will combine its midstream assets with Crosstex Energy Inc. (Nasdaq: XTXI) and Crosstex Energy LP (Nasdaq: XTEX) to form a new midstream business.

Shares of Real Goods Solar (Nasdaq: RSOL) surged despite a lack of news.

Bargain hunters lifted shares of VisionChina Media (Nasdaq: VISN).


On the downside


Advanced Micro Devices (NYSE: AMD) extended its losses. 

Shares of Opko Health (NYSE: OPK) continued falling after a Seeking Alpha contributor wrote that the stock was worthless on Friday.

A Seeking Alpha contributor wrote on Friday that Pandora Media (NYSE: P) was overvalued and that the stock price would drop by the end of the year.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 held steady at 1744.

Flat Open As Home Sales Slip

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The markets opened flat with the Dow adding 2 points to 15,402 as sales of existing homes fell. Nasdaq rose 15 points to 3929.

On the upside

Marlin Equity Partners will take Tellabs (Nasdaq: TLAB) private for $891 million.

Hasbro (Nasdaq: HAS) reported higher third quarter earnings and revenue that topped analyst estimates.

Shares of Voxeljet (NYSE: VJET) continued rising after a successful IPO on Friday.


On the downside


Shares of J. C. Penney (NYSE: JCP) fell as garment factories in Bangladesh prepare to raise the minimum wage. 

Halliburton (NYSE: HAL) reported higher third quarter earnings but revenue fell short of analyst expectations.

A Seeking Alpha contributor wrote that shipping rates will drop for DryShips (Nasdaq: DRYS).

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 1746.

Higher Close On Strong Earnings

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Strong earnings lifted the markets to a higher close with the Dow gaining 28 points to 15,399. Nasdaq surged 51 points to 3914.

On the upside

Athenahealth (Nasdaq: ATHN) reported lower third quarter earnings but revenue surged and the electronic health record services provider added a record number of physicians to its cloud based services.

An arbitrator ruled that Valeant Pharmaceuticals (NYSE: VRX) must pay Anacor Pharmaceuticals (Nasdaq: ANAC) $100 million for a contract breach.

Chipotle Mexican Grill (NYSE: CMG) reported higher third quarter earnings as revenue rose.


On the downside


The Food and Drug Administration rejected the New Drug Application for pSivida's (Nasdaq: PSDV) Iluvien. 

J. C. Penney (NYSE: JCP) will open on Thanksgiving evening at 8pm for the start of the holiday shopping season.

A Seeking Alpha contributor wrote that Opko Health (Nasdaq: OPK) was worth very little.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 1744.

Markets Advance At Midday

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The markets advanced during the midday with the Dow rising 10 points to 15,382. Nasdaq soared 41 points to 3904.

On the upside

Google (Nasdaq: GOOG) reported higher third quarter earnings that beat analyst expectations sending the stock price soaring above $1,000 per share.

Shares of Voxeljet (NYSE: VJET) surged in its market debut.

Barker Hughes (NYSE: BHI) reported higher third quarter earnings and revenue that topped analyst estimates.


On the downside


Acacia Research (Nasdaq: ACTG) widened third quarter losses as revenue plunged prompting a downgrade. 

Interpublic Group (NYSE: IPG) disappointed with lower third quarter earnings that missed analyst estimates.

Crestwood Midstream partners (Nasdaq: CMLP) will offer 14 million common units.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 8 points to 1742.

Mixed Open Over Earnings

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The markets opened mixed with the Dow slipping 23 points to 15,348 while Nasdaq climbed 31 points to 3894 as investors monitored earnings.

On the upside

Zhone Technologies (Nasdaq: ZHNE) reversed year ago losses to post a profit for the third quarter and the company expects record results for the full year.

Align Technology (Nasdaq: ALGN) swung to a better than expected profit for the third quarter as revenue climbed and the company forecast current quarter results ahead of estimates.

Shares of ParkerVision (Nasdaq: PRKR) continued rising.


On the downside


Ariad Pharmaceuticals (Nasdaq: ARIA) terminated its Phase 3 EPIC trial of its chronic myeloid leukemia drug Iclusig. 

Bank of America/Merrill Lynch downgraded Advanced Micro Devices (NYSE: AMD) from a Buy rating to a Neutral rating.

TheStreet wrote that the Lambert-Eaton Myasthenic Syndrome treatment that Catalyst Pharmaceuticals (Nasdaq: CPRX) is developing is already available for free to patients.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 5 points to 1738.

Flat Close As Earnings Disappoint

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The markets closed flat with the Dow easing 2 points to 15,371 despite a last minute debt deal as disappointing earnings weighed on investors. Nasdaq climbed 23 points to 3863.

On the upside

Real Goods Solar (Nasdaq: RSOL) will release third quarter earnings and hold a conference call after market close on Wednesday, November 6, 2013.

NQ Mobile (NYSE: NQ) will introduce a new product through a conference call on Tuesday, October 22, 2013 before market open.

Rising gold prices lifted shares of AngloGold (NYSE: AU), Buenaventura (NYSE: BVN), Eldorado Gold (NYSE: EGO) and McEwen Mining (NYSE: MUX).


On the downside


Fairchild Semiconductor (NYSE: FCS) swung to a profit for the third quarter but the company forecast current quarter revenue below expectations. 

Aegean Marine Petroleum Network (NYSE: ANW) will offer $75 million worth of convertible senior notes.

Investors continued to lock in profits on VisionChina Media (Nasdaq: VISN).

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 climbed 11 points to 1733.

Mixed Markets As Earnings Disappoint

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The markets traded mixed during the midday with the Dow dropping 52 points to 15,321 with investors relieved that a default was averted but concerns persisted about corporate earnings. Nasdaq gained 11 points to 3850.

On the upside

Kingold Jewelry (Nasdaq: KGJI) will host investor meetings and media appearances in the United States during the week of November 18.

Credit Suisse upgraded Jinko Solar (NYSE: JKS) from a Neutral rating to a Buy rating.

A jury found that Qualcomm (Nasdaq: QCOM) infringed on ParkerVision (Nasdaq: PRKR) patents.


On the downside


Overstock.com (Nasdaq: OSTK) reported higher third quarter earnings and revenue but analysts were disappointed with the results. 

Ultratech (Nasdaq: GS) fell to an unexpected loss for the third quarter as revenue plunged.

UnitedHealth Group (NYSE: UNH) reported higher third quarter earnings and revenue but analysts were disappointed that the results merely met expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1727.

Lower Open As Earnings Disappoint

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The markets opened lower with the Dow dropping 73 points to 15,300 despite a debt deal as earnings disappointed. Nasdaq eased 2 points to 3837.

On the upside

A consortium led by Blackstone Group will take Pactera Technology (Nasdaq: PACT) private for a premium of $625 million.

Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA).

SolarCity (NYSE: SCTY) will announce third quarter earnings after market close on Wednesday, November 6, 2013.


On the downside


A Food and Drug Administration advisory panel rejected expanding the use of Amarin's (Nasdaq: AMRN) Vascepa fish oil drug. 

Select Comfort (Nasdaq: SCSS) disappointed with lower third quarter earnings that fell short of analyst expectations and cut its full year guidance.

IBM (NYSE: IBM) reported higher third quarter earnings but revenue dropped to fall short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 1721.

The markets surged to close sharply higher with the Dow rocketing 205 points to 15,373 as lawmakers prepared to vote on a deal to avert a default. Nasdaq leaped 45 points to 3839.

On the upside

A Seeking Alpha contributor suggested that test results indicated that Keryx Biopharmaceuticals' (Nasdaq: KERX) Zerenex may be used to treat anemia in patients with chronic kidney disease.

SolarCity (Nasdaq: SCTY) priced its offering of 3.4 million common shares at the discounted price of $46.54 and priced its $200 million senior notes offering.

Abbott Laboratories (NYSE: ABT) reported lower third quarter earnings but the results topped analyst estimates.


On the downside


Investors locked in profits on VisionChina Media (Nasdaq: VISN). 

Elie Mae (NYSE: ELLI) reported in its September Origination Insight Report that the percentage of adjustable rate loans more than doubled from last year.

Morgan Stanley downgraded Arch Coal (NYSE: ACI) from an Equal Weight rating to an Underweight rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 surged 23 points to 1721.

Senate leaders announced a last minute deal to avert a default which sent the markets soaring during the midday with the Dow leaping 169 points to 15,337. Nasdaq surged 41 points to 3835.

On the upside

MLV & Co. initiated coverage Geron (Nasdaq: GERN) with a Buy rating.

Shares of Veeva Systems (NYSE: VEEV) leaped in its market debut.

Springleaf Holdings (NYSE: LEAF) stock soared on its first trading day.


On the downside


GenCorp (NYSE: GY) reversed year ago losses to post a profit for the third quarter but the stock price fell. 

Janney Capital Markets downgraded Chiquita Brands (NYSE: CQB) from a Buy rating to a Neutral rating.

Joe's Jeans (Nasdaq: JOEZ) disappointed with lower third quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 jumped 19 points to 1717.

The markets surged with the Dow jumping 172 points to 15,340 over optimism that lawmakers will reach a deal to avert a default. Nasdaq soared 38 points to 3832.

On the upside

Shares of China New Borun (NYSE: BORN) continued rising on no news.

Advance Auto Parts (NYSE: AAP) will pay $2.04 billion in cash to acquire General Parts International.

MGIC (NYSE: MTG) reversed year ago losses to post a better than expected profit for the third quarter.


On the downside


Molycorp (NYSE: MCP) priced its public offering of 45 million common shares at the discounted price of $5.00 per share. 

Stanley Black & Decker (NYSE: SWK) reported higher third quarter earnings but the company cut its full year earnings guidance.

Investors locked in profits on Opko Health (NYSE: OPK).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 leaped 17 points to 1715.

No Debt Deal, Markets Plunge

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The markets tumbled to close sharply lower with the Dow plummeting 133 points to 15,168 as lawmakers failed to seal a deal on raising the debt ceiling. Nasdaq fell 21 points to 3794.

On the upside

Shares of VisionChina Media (Nasdaq: VISN) surged for a second day on no apparent news.

China New Borun (NYSE: BORN) issued a press release stating that it does not comment on unusual activity as it's stock price more than doubled.

Opko Health (NYSE: OPK) extended its gains.


On the downside


J.C. Penney (NYSE: JCP) denied rumors that it hired an bankruptcy advisor but the stock price fell. 

Invesco (NYSE: IVZ) fund manager Neil Woodford will leave the firm.

Canaccord Genuity downgraded Coronado Biosciences (Nasdaq: CNDO) from a Buy rating to a Hold rating.

In the broad market, declining issues outpaced advancers 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 dropped 12 points to 1698.

The markets traded lower during the midday with the Dow falling 55 points to 15,245 as lawmakers continued wrestling over the details of a possible debt deal. Nasdaq slipped 6 points to 3808.

On the upside

A Seeking Alpha contributor expects Novogen (Nasdaq: NVGN) stock to soar.

CSC ServiceWorks will acquire Mac-Gray (NYSE: TUC) in a deal valued at approximately $524 million.

Mer Telemanagement Solutions (Nasdaq: MTSL) will provide Mobile Virtual Network Enabler services to SBC Communications.


On the downside


FLIR Systems (Nasdaq: FLIR) cut its full year guidance and announced plans to close up to six facilities in the U. S. and Europe. 

Caesars Entertainment (Nasdaq: CZR) completed notes offerings of $2.15 billion.

TheStreet questioned whether many doctors would prescribe Antares Pharmaceuticals' (Nasdaq: ATRS) recently approved rheumatoid arthritis treatment Otrexup.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 4 points to 1705.

The markets opened mixed with the Dow losing 35 points to 15,266 while Nasdaq added 2 points to 3817 as investors continued to monitor developments in Washington.

On the upside

Amarin (Nasdaq: AMRN) will host a live webcast tomorrow, October 16, to discuss results of the Food and Drug Administration advisory committee.

Financial Times reported that Nokia (NYSE: NOK) will offer a free one year subscription to Netflix with the purchase of a Lumia 1020 for customers in the UK.

Charles Schwab (NYSE: SCHW) reported higher third quarter earnings and revenue that beat analyst expectations.


On the downside


Molycorp (NYSE: MCP) will raise capital through the sale of $200 million worth of common stock. 

Teradata (NYSE: TDC) warned that third quarter earnings and revenue would fall far short of analyst expectations and cut its full year guidance.

Coldwater Creek (Nasdaq: CWTR) retained the services of Perella Weinberg Partners to explore strategic alternatives including the possible sale of the company.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 1707.

Renewed hope that lawmakers would resolve the debt ceiling crisis lifted the markets to a higher close with the Dow gaining 64 points to 15,301. Nasdaq climbed 23 points to 3815.

On the upside

A Seeking Alpha contributor suggested that Acadia Pharmaceuticals' (Nasdaq: ACAD) pimavanserin had the potential to become a blockbuster drug.

Investor's Business Daily listed NQ Mobile (NYSE: NQ) as a top five stock for profit growth.

A report that September iron ore imports in China climbed 4.6% to record levels lifted shares of Vale (NYSE: VALE).


On the downside


Suntech Power (NYSE: STP) reported that additional solar fields in Brindisi, Italy have been seized. 

Shares of Ethan Allen (NYSE: ETH) continued falling as investors locked in profits.

Acorda Therapeutics (NYSE: ACOR) reported positive results from a Phase 2 proof-of-concept study of its post stroke deficit extended release drug dalfampridine but the stock price dropped.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 1710.

The markets advanced during the midday with the Dow adding 22 points to 15,259 as the nation's leaders prepared to meet to discuss the debt ceiling. Nasdaq rose 10 points to 3802.

On the upside

Barron's wrote that Kulicke & Soffa Industries (Nasdaq: KLIC) was inexpensive and has the potential to soar 50%.

MannKind (Nasdaq: MNKD) resubmitted a new drug application for its inhaled insulin product AFREZZA.

Opko Health (NYSE: OPK) chairman and chief executive Phillip Frost, M.D. purchased shares in the company.


On the downside


Longbow Research said that Whirlpool (NYSE: WHR) was unlikely to beat third quarter earnings expectations due to weak September shipments. 

A Seeking Alpha contributor expects Frontline (NYSE: FRO) to file for bankruptcy.

Bernstein analyst Dr. Tim Anderson downgraded Merck (NYSE: MRK) from an Outperform rating to a Market Perform rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 edged up a point to 1704.

The failure of lawmakers to resolve the debt crisis over the weekend sent the markets tumbling to a lower open with the Dow dropping 79 points to 15,158. Nasdaq lost 14 points to 3777.

On the upside

The Food and Drug Administration approved Antares Pharma's (Nasdaq: ATRS) rheumatoid arthritis treatment OTREXUP.

Wedbush analyst Betsy Van Hees upgraded Advanced Micro Devices (NYSE: AMD) from a Neutral rating to an Outperform rating.

Wells Fargo upgraded Liberty Interactive (Nasdaq: LINTA) from a Market Perform rating to an Outperform rating.


On the downside


Coronado Biosciences (Nasdaq: CNDO) reported disappointing results from a Phase 2 TRUST-1 clinical trial for its Crohn's disease treatment TSO. 

Deutsche Bank analyst Ross Sandler downgraded Expedia (Nasdaq: EXPE) from a Buy rating to a Hold rating and cut his price target from $66 to $51.

Oppenheimer lowered its price target on Amarin (Nasdaq: AMRN).

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 lost 9 points to 1694.

Optimism that a deal could be reached over the weekend to resolve both the government shutdown and the debt ceiling limit sent the markets to a higher close with the Dow soaring 111 points to 15,237. Nasdaq climbed 31 points to 3791.

On the upside

Spirit Airlines (Nasdaq: SAVE) reported a greater than expected increase in September revenue per available seat mile prompting an upgrade.

Seaspan (NYSE: SSW) terminated its proposed public offering of common stock and convertible notes.

Sterne, Agee & Leach upgraded Infoblox (NYSE: BLOX) from a Neutral rating to a Buy rating and set a price target of $47 on the stock.


On the downside


The Food and Drug Administration determined that a study on the heart risks of Amarin's (Nasdaq: AMRN) Vascepa must be completed before discussions to potentially expand approved uses of the very high triglycerides treatment. 

Endocyte (Nasdaq: ECYT) reported disappointing results from a mid stage clinical trial of its cancer drug vintafolide.

Falling gold prices weighed down shares of Barrick Gold (NYSE: ABX) and Eldorado Gold (NYSE: EGO).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 1703.

Markets Advance At Midday

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The markets advanced during the midday with the Dow gaining 63 points to 15,189. Nasdaq rose 18 points to 3778.

On the upside

SeeThruEquity initiated coverage of L&L Energy (Nasdaq: LLEN) with a price target of $5.43.

Infosys (NYSE: INFY) reported lower second quarter earnings but the results topped analyst estimates.

Oclaro (NYSE: OCLR) will sell its Amplifier and Micro-Optics business to II-VI Incorporated (Nasdaq: IIVI) for $88.6 million.


On the downside


The Food and Drug Administration issued a safety announcement cautioning doctors to carefully weigh the risks and benefits of Ariad Pharmaceuticals' (Nasdaq: ARIA) leukemia treatment Iclusig. 

Micron Technology (Nasdaq: MU) reversed year ago losses to post a profit for the fourth quarter due to its acquisition of Elpida Memory but the results fell short of expectations prompting a downgrade.

Mad Money's Jim Cramer said to sell Acadia Pharmaceuticals (Nasdaq: ACAD).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 added 5 points to 1698.

The markets opened modestly higher with the Dow rising 32 points to 15,158 as the government continued working on a debt ceiling deal. Nasdaq gained 8 points to 3769.

On the upside

SolarCity (Nasdaq: SCTY) forecast a sharp increase in deployments for 2014.

Envestnet (NYSE: ENV) priced its secondary offering of more than 5 million common shares at $29.25 per share.

Safeway (NYSE: SWY) reported lower third quarter earnings but the grocery store operator announced plans to exit the Chicago market which will yield a tax benefit between $400 million to $450 million.


On the downside


NPS Pharmaceuticals (Nasdaq: NPSP) priced its secondary offering of more than 7.4 million shares at the discounted price of $32 per share. 

Gap (NYSE: GPS) disappointed with an unexpected 3% drop in September same store sales.

Silicon Graphics (Nasdaq: SGI) warned that first quarter earnings and revenue would fall short of expectations due to the government shutdown.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1695.

Markets Leap As Debt Deal Close

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Optimism that a debt deal would soon be reached sent the markets soaring to a sharply higher close with the Dow leaping 323 points to 15,126. Nasdaq jumped 82 points to 3760.

On the upside

Huntington Bancshares (Nasdaq: HBAN) will acquire Camco Financial (Nasdaq: CAFI) in a cash and stock deal valued at approximately $97 million.

Vonage Holdings (NYSE: VG) will pay approximately $130 million in cash and stock to acquire Vocalocity.

Shares of Stonegate Mortgage (NYSE: SGM) surged on its first trading day.


On the downside


Barclays, Chardan Capital Markets, Citigroup and Summer Street Research all downgraded Ariad Pharmaceuticals (Nasdaq: ARIA) while Leerink slashed its price target from $28 to $9. 

A Seeking Alpha contributor wrote that Suntech Power Holdings (NYSE: STP) would continue falling until it was worthless.

The Buckle (NYSE: BKE) reported an unexpected drop of 4.5% in September same store sales.

In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 soared 36 points to 1692.

Markets Soar As Debt Deal Close

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As lawmakers moved closer to a deal to raise the debt ceiling, the markets surged with the Dow rocketing 238 points to 15,041. Nasdaq leaped 72 points to 3750.

On the upside

Shares of MacroGenics (Nasdaq: MGNX) jumped in its market debut.

Antero Resources (NYSE: AR) stock leaped on its first trading day.

Share of Western Refining Logistics (NYSE: WNRL) soared in its initial public offering.


On the downside


Regency Energy Partners (NYSE: RGP) will acquire PVR Partners (NYSE: PVR) in a deal valued at approximately $5.6 billion. 

L Brands (NYSE: LTD) will offer $500 million worth of senior notes.

The Federal Trade Commission requested additional information and documents from Community Health Systems (NYSE: CYH) regarding the company's proposed acquisition of Health Management Associates (NYSE: HMA).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 leaped 27 points to 1684.

A potential plan to lift the debt ceiling sent the markets soaring to a sharply higher open with the Dow leaping 179 points to 14,982. Nasdaq jumped 53 points to 3731.

On the upside

Bargain hunters snapped up shares of Alcatel-Lucent (NYSE: ALU).

A Seeking Alpha contributor wrote that Best Buy (NYSE: BBY) was worth $50 per share.

Acura Pharmaceuticals (Nasdaq: ACUR) settled a patent infringement case filed against Par Pharmaceutical and Impax Laboratories (Nasdaq: IPXL).


On the downside


Citrix Systems (Nasdaq: CTXS) warned that third quarter earnings and revenue would fall short of analyst expectations. 

Ruby Tuesday (NYSE: RT) fell to a loss for the first quarter.

Quest Diagnostics (NYSE: DGX) warned that third quarter earnings would miss analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The broader S&P 500 soared 20 points to 1676.

The markets closed mixed with the Dow rising 26 points to 14,802 as third quarter earnings season began. Nasdaq lost 17 points to 3677.

On the upside

Shares of LDR Holding (Nasdaq: LDRH) on its first trading day.

Wall Street Journal reported that Darden Restaurants (NYSE: DRI) investor Barington Capital will urge the restaurant chain to split into two separate companies.

TheStreet noted that Tianli Agritech (Nasdaq: OINK) has soared during the U. S. government shutdown.


On the downside


Tower Group International (Nasdaq: TWGP) continued falling announcing yesterday that it must increase its reserves and take an impairment charge. 

NQ Mobile (NYSE: NQ) priced its offering of convertible senior notes.

Profit taking sank shares of Sarepta Therapeutics (Nasdaq: SRPT).

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 edged up a point to 1656.

The markets traded mixed during the midday with the Dow adding 6 points to 14,782 ahead of President Barack Obama's expected nomination of Janet Yellen as the next chair of the Federal Reserve. Nasdaq fell 28 points to 3666.

On the upside

Callidus Software (Nasdaq: CALD) raised its third quarter and full year revenue guidance.

Hewlett Packard (NYSE: HPQ) chief executive Meg Whitman said that revenue would stabilize next year and grow in 2015.

Bargain hunters snapped up shares of SouFun Holdings (NYSE: SFUN).


On the downside


Shares of SFX Entertainment (Nasdaq: SFXE) plunged in its market debut. 

K12 (NYSE: LRN) lowered its full year revenue outlook prompting downgrades.

Strathcona Mineral Services resigned as the independent Qualified Person overseeing Pretium Resources' (NYSE: PVG) Valley of the Kings Bulk Sample Program.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 1652.

Lower Open On Mixed Earnings

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The markets opened lower with the Dow slipping 9 points to 14,767 on mixed corporate earnings. Nasdaq fell 27 points to 3667.

On the upside

Jos. A. Bank (Nasdaq: JOSB) made an unsolicited bid of $48 per share in cash to acquire Men's Wearhouse (NYSE: MW).

Alcoa (NYSE: AA) reversed year ago losses to post a better than expected profit for the third quarter.

Saks chief executive Stephen Sadove will join J.C. Penney's (NYSE: JCP) board.


On the downside


The Food and Drug Administration placed a hold on enrollment in all drug trials of Ariad Pharmaceuticals' (Nasdaq: ARIA) cancer treatment Iclusig. 

CytRx (Nasdaq: CYTR) priced its public offering of 10 million common shares at the discounted price of $2.25 per share.

Yum! Brands (NYSE: YUM) disappointed with sharply lower third quarter earnings that fell far short of analyst expectations prompting the company to lower its full year outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 eased a point to 1654.

As the nation moved one day closer to the debt ceiling deadline, the markets plummeted to close sharply lower with the Dow collapsing 159 points to 14,776. Nasdaq skidded 75 points to 3694.

On the upside

Outerwall (Nasdaq: OUTR) will release third quarter results on Thursday, October 24, after market close.

Goldman Sachs upgraded Fibria Celulose (NYSE: FBR) from a Neutral rating to a Buy rating.

Drill results indicated that Seabridge Gold's (NYSE: SA) Deep Kerr may contain a high-grade zone.


On the downside


Idenix Pharmaceuticals (Nasdaq: IDIX) development partner Johnson & Johnson purchased the hepatitis C treatment of Idenix rival GlaxoSmithKline (NYSE: GSK). 

Piper Jaffray analyst Alexander Potter cut his price target on Clean Energy (Nasdaq: CLNE) from $9.50 to $4.50.

Investors locked in profits on Youku Tudou (NYSE: YOKU).

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 20 points to 1655.

The markets extended is losses during the midday with the Dow tumbling 93 points to 14,842 as the October 17 debt ceiling deadline weighed on investors. Nasdaq plummeted 61 points to 3708.

On the upside

Arrowhead Research (Nasdaq: ARWR) completed enrollment in a Phase 1 clinical trial of its chronic hepatitis B treatment ARC-520.

The Wall Street Journal reported that McKesson (NYSE: MCK) engaged in advanced talks to acquire Celesio.

Canaccord lifted its price target on EnteroMedics (Nasdaq: ETRM) from $1.50 to $3.00.


On the downside


Wall Street Cheat Sheet noted that Acadia Pharmaceuticals (Nasdaq: ACAD) was one of two companies developing a very promising treatment for Parkinson's disease psychosis but the stock price dropped. 

Investors locked in profits on Renren (NYSE: RENN).

Alcatel-Lucent (NYSE: ALU) will eliminate 10,000 jobs worldwide.

In the broad market, declining issues outpaced advancers by a margin of 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 dropped 13 points to 1662.

The markets opened lower with the Dow slipping 18 points to 14,917 as the government shutdown entered its eighth day. Nasdaq fell 9 points to 3761.

On the upside

Agenus (Nasdaq: AGEN) reported positive results from a Phase 3 study of GlaxoSmithKline's (NYSE: GSK) malaria vaccine RTS,S that contains Agenus' QS-21 Stimulon adjuvant.

Zacks Investment Research upgraded ReneSola (NYSE: SOL) to a Strong Buy.

J.C. Penney (NYSE: JCP) reported that September's drop in same store sales was smaller than the drop in August.


On the downside


Tower Group International (Nasdaq: TWGP) must add $365 million to its reserves and warned that it will have to take a $215 million goodwill impairment charge for the second quarter. 

Jamba Juice (Nasdaq: JMBA) lowered its full year outlook prompting a downgrade.

Investors locked in profits on Cell Therapeutics (Nasdaq: CTIC).

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers barely outpaced decliners on Nasdaq. The broader S&P 500 eased a fraction to 1675.

As the budget stalemate continued without any indications of a resolution, the markets plummeted to close sharply lower with the Dow collapsing 136 points to 14,936. Nasdaq tumbled 37 points to 3770.

On the upside

Cardiome Pharma (Nasdaq: CRME) reported positive data from an observational, retrospective study of BRINAVESS to treat atrial fibrillation.

The Wall Street Transcript released an excerpt from an interview with InvenSense (NYSE: INVN) president and chief executive Behrooz Abdi.

Reuters reported that PHH (NYSE: PHH) may sell its mortgage business and its auto fleet leasing business.


On the downside


Wohl & Fruchter announced an investigation into Acorn Energy (Nasdaq: ACFN) for possible securities fraud. 

Navistar International (NYSE: NAV) will offer $200 million of senior subordinated convertible notes through a private placement.

Profit taking sank shares of Liquidity Services (Nasdaq: LQDT).

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 dropped 14 points to 1676.

Debt Ceiling Concerns Sink Stocks

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Debt ceiling concerns sent the markets tumbling during the midday with the Dow plummeting 104 points to 14,967. Nasdaq dropped 28 points to 3779.

On the upside

Lazard Capital analyst Joshua Schimmer affirmed his Buy rating on GW Pharmaceuticals (Nasdaq: GWPH) and nearly tripled his price target from $22 to $65.

Shares of National Bank of Greece (NYSE: NBG) climbed after ETFtrends.com noted that hedge funds have been accumulating shares of Greek banks.

Yingli Green Energy (NYSE: YGE) extended its gains.


On the downside


Shares of Forest Oil (NYSE: FST) continued falling after analysts criticized the sale price of assets as too low. 

Investors locked in profits on Deckers Outdoor (Nasdaq: DECK).

Redwood Trust (NYSE: RWT) stock continued falling after a downgrade last week.

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 fell 10 points to 1680.

Lower Open As Shutdown Continues

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The markets opened lower with the Dow tumbling 84 points to 14,988 as the government shutdown continued. Nasdaq fell 14 points to 3793.

On the upside

Cell Therapeutics (Nasdaq: CTIC) and the Food and Drug Administration reached an agreement on a Special Protocol Assessment for a Phase 3 clinical trial of pacritinib.

JANA Partners acquired a 13.5% stake in Outerwall (Nasdaq: OUTR).

Macquarie upgraded BlackBerry (Nasdaq: BBRY) from an Underperform rating to a Neutral rating.


On the downside


Cooper Tire & Rubber (NYSE: CTB) filed a court complaint demanding that Apollo Tyres complete its acquisition of Cooper Tire

DryShips (NYSE: DRYS) will sell up to $200 million worth of common stock.

Atossa Genetics (Nasdaq: ATOS) recalled medical device for breast cancer detection.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 lost 7 points to 1682.

The markets closed higher with the Dow climbing 76 points to 15,072 even as the government shutdown continued. Nasdaq gained 33 points to 3807.

On the upside

Barnes & Noble (NYSE: BKS) released its list of must-have books for the fall and holiday season yesterday.

Trade-Ideas listed Halcon Resources (NYSE: HK) as the Barbarian at the Gate stock of for today.

Krispy Kreme (NYSE: KKD) plans to expand into South America.


On the downside


J.C. Penney (NYSE: JCP) continued falling after Fitch Ratings downgraded the department store operator yesterday.

The government shutdown has created delays in home sales sending shares of KB Home (NYSE: KBH) lower.

Xyratex (Nasdaq: XRTX) disappointed with sharply lower third quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 11 points to 1690.

Markets Extend Gains At Midday

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The markets continued to advance during the midday with the Dow gaining 69 points to 15,066. Nasdaq climbed 32 points to 3806.

On the upside

Renren (NYSE: RENN) rose again over continued speculation that Baidu (NYSE: BIDU) may buy the company.

Howard Weil lifted its price target on Penn Virginia (NYSE: PVA) from $10 to $12.

Stephen Mandel's Lone Pine Capital acquired a 5.3% stake in Pandora (NYSE: P).


On the downside


Shares of Taser (Nasdaq: TASR) continued falling after announcing price cuts yesterday.

The stock price of Cherry Hill Mortgage (NYSE: CHMI) fell on its first trading day.

Forest Oil (NYSE: FST) will sell its Texas Panhandle assets for $1 billion but analysts questioned the price as too low.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 1689.

Investors went bargain hunting to lift the market to a modestly higher open with the Dow rising 38 points to 15,034 after two days of losses. Nasdaq gained 20 points to 3795.

On the upside

The Food and Drug Administration agreed to Discovery Laboratories' (Nasdaq: DSCO) updated product specification for Surfaxin Intratracheal Suspension to prevent respiratory distress syndrome in premature infants.

Shares of Idera Pharmaceuticals (Nasdaq: IDRA) continued climbing after Baker Bros. Advisors acquired 4.5 million shares of the biotech.

Shares of Potbelly (Nasdaq: PBPB) more than doubled in its market debut.


On the downside


Ballard Power Systems (Nasdaq: BLDP) priced its offering of 9 million units at the discounted price of $1.40 per unit.

Neostem (Nasdaq: NBS) priced its public offering of 5 million common shares at the discounted price of $7.00 per share.

Investors locked in profits on Galena Biopharma (Nasdaq: GALE).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 6 points to 1685.

The markets tumbled to close sharply lower with the Dow plummeting 136 points to 14,996 as concerns mounted about the government shutdown. Nasdaq plunged 40 points to 3774.

On the upside

A Seeking Alpha contributor noted that Baker Bros. Advisors purchased 4.5 million shares of Idera Pharmaceuticals (Nasdaq: IDRA).

Noble Financial said that SeaChange (Nasdaq: SEAC) could potentially be acquired for up to $20 per share.

Shares of Re/Max (NYSE: RMAX) continued rising after impressing in its market debut yesterday.


On the downside


Moody's maintained its Baa3/Aa1.br rating with a negative outlook on Oi SA (NYSE: OIBR).

Shares of IMAX (NYSE: IMAX) continued falling after an analyst raised concerns yesterday about theater operator's future growth.

CEVA (Nasdaq: CEVA) warned that third quarter revenue would fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 dropped 15 points to 1678.

Expansion of the nation's service sector dropped in September to send the markets tumbling during the midday with the Dow plunging 177 points to 14,955. Nasdaq plummeted 58 points to 3756.

On the upside

Omeros (Nasdaq: OMER) settled a suit against its insurer.

CalAmp (Nasdaq: CAMP) reported lower second quarter earnings but the results were better than expected.

Fitch Ratings affirmed Tenet Healthcare's (NYSE: THC) acquisition of Vanguard Health.


On the downside


TheStreet said that Celldex (NYSE: CLDX) was part of a biotech bubble.

Bill Ackman's Pershing Square has covered more than 8 million shares of his short position on Herbalife (NYSE: HLF).

TASER (Nasdaq: TASR) lowered prices for its AXON flex cameras and EVIDENCE.com services.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 1672.

The markets opened sharply lower with the Dow plunging 113 points to 15,019 as the government shutdown entered its third day. Nasdaq fell 22 points to 3792.

On the upside

Galena Biopharma (Nasdaq: GALE) launched its sublingual fentanyl tablet Abstral for cancer pain management.

Cowen & Co. upgraded Vivus (Nasdaq: VVUS) from a Market Perform rating to an Outperform rating and lifted its price target from $13.50 to $19.

Rite Aid (NYSE: RAD) reported a 1.9% increase in September same store sales.


On the downside


Angie's List (NYSE: FLTX) cut its membership prices.

Whitestone REIT (NYSE: WSR) priced its public offering of 4 million common shares at the discounted price of $13.54 per share.

A Seeking Alpha contributor expects Molycorp (NYSE: MCP) production to fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 dropped 13 points to 1680.

Lower Close As Shutdown Continues

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The markets closed lower with the Dow dropping 58 points to 15,133 as the government shutdown continued. Nasdaq slipped 2 points to 3815.

On the upside

The Food and Drug Administration and the European Medicines Agency both accepted for review Omeros' (Nasdaq: OMER) Marketing Authorization Application for OMS302.

A Seeking Alpha contributor wrote that Alcatel-Lucent's (NYSE: ALU) transition to cloud based telecommunications solutions will reap benefits.

Shares of Renren (NYSE: RENN) rose over speculation that Baidu (Nasdaq: BIDU) may acquire Renren's Nuomi.com.


On the downside


Fleetmatics Group (NYSE: FLTX) entered oversold territory.

Investors locked in profits on Ion Geophysical (NYSE: IO).

Profit taking weighed down shares of China Sunergy (Nasdaq: CSUN).

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a points to 1693.

The markets recovered early morning losses but continued trading lower with the Dow dropping 67 points to 15,124 on the second day of the government shutdown. Nasdaq slipped 5 points to 3812.

On the upside

Shares of Burlington Stores (NYSE: BURL) leaped in its market debut.

Molycorp's (NYSE: MCP) Mountain Pass chloralkali plant is mechanically complete and full scale commissioning operations have begun.

Re/Max Holdings (NYSE: RMAX) stock surged on its first trading day.


On the downside


Investors locked in profits on Revolution Lighting Technologies (Nasdaq: RVLT).

GTx (Nasdaq: GTXI) will eliminate 53 jobs.

Profit taking continued to weigh down shares of LDK Solar (NYSE: LDK).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 slipped 4 points to 1690.

The markets opened sharply lower with the Dow plummeting 129 points to 15,062 as the government shutdown continued. Nasdaq lost 21 points to 3796.

On the upside

The ASN Kidney Week 2013 Annual Meeting accepted Rockwell Medical's (Nasdaq: RMTI) Phase 3 CRUISE-1 and CRUISE-2 clinical abstract for poster presentation.

The Food and Drug Administration may soon issue an action letter on Zogenix's (Nasdaq: ZGNX) New Drug Application for Zohydro ER extended release capsules.

Global Payments (NYSE: GPN) reported sharply higher first quarter earnings and revenue and lifted its full year guidance.


On the downside


StemCells (Nasdaq: STEM) priced its public offering of 11.17 million units at the discounted price of $1.45 per unit.

Deutsche Bank downgraded Alcoa (NYSE: AA) from a Hold rating to a Sell rating.

Star Bulk Carriers (Nasdaq: SBLK) priced its public offering of 7 million common shares at the discounted price of $8.80 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 lost 12 points to 1682.

Despite the first government shutdown in nearly two decades, the markets closed higher with the Dow climbing 62 points to 15,191 over expectations that the crisis will be resolved shortly. Nasdaq soared 46 points to 3817.

On the upside

Revolution Lighting Technologies (Nasdaq: RVLT) provided a business update.

TearLab (Nasdaq: TEAR) named Seph Jensen to the position of president and chief operating officer.

Cowen lifted its price target on Yelp (NYSE: YELP) from $60 to $80.


On the downside


Angie's List (Nasdaq: ANGI) chief technology officer Manu Thapar left the company.

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

A Seeking Alpha contributor questioned the product releases of NQ Mobile (NYSE: NQ).

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 13 points to 1695.

Markets Advance At Midday

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The markets advanced during the midday with the Dow gaining 63 points to 15,192 over optimism that the government shutdown would soon be resolved. Nasdaq climbed 37 points to 3808.

On the upside

Qiwi (Nasdaq: QIWI) priced its public offering of nearly 8.2 million American Depositary Shares at $30.50 per ADS.

The United Kingdom's National Institute for Health and Care Excellence recommended pSivida's (Nasdaq: PSDV) Iluvien as a treatment for chronic diabetic macular edema.

Alcatel-Lucent (NYSE: ALU) will create the CloudBand Ecosystem Program to accelerate industry adoption of Network Functions Virtualization.


On the downside


Shares of Achillion Pharmaceuticals (Nasdaq: ACHN) continued falling after the Food and Drug Administration maintained a clinical hold on sovaprevir.

Walker & Dunlop (NYSE: WD) lowered its loan origination guidance for the third quarter.

Robert W. Baird downgraded Beacon Roofing Supply (Nasdaq: BECN) from an Outperform rating to a Neutral rating.

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 climbed 12 points to 1694.

The markets opened modestly higher with the Dow rising 14 points to 15,143 even as the government shutdown. Nasdaq gained 16 points to 3788.

On the upside

Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive results from a study of its LX4211 in treating type 2 diabetes patients with renal impairment.

Sumitomo will pay a premium of $12 per share in cash to acquire Edgen Group (NYSE: EDG).

Canaccord Genuity upgraded Cree (Nasdaq: CREE) from a Hold rating to a Buy rating.


On the downside


Profit taking sank shares of Zalicus (Nasdaq: ZLCS).

Financial Times reported that Newmont Mining (NYSE: NEM) would bid on Glencore Xstrata's Las Bambas copper mining project.

Investors locked in profits on Restoration Hardware (NYSE: RH).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1686.

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