February 2014 Archives

Mixed Close As GDP Revised Downward

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The markets closed mixed with the Dow rising 49 points to 16,321 as the nation's fourth quarter Gross Domestic Product was revised downward. Nasdaq lost 10 points to 4308. 

On the upside 

Shares of China Ming Yang Wind Power (NYSE: MY) continued rising.

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

Fourth quarter earnings and revenue rose for Tumi Holdings (NYSE: TUMI) to top estimates.

On the downside


Clean Energy Fuels (Nasdaq: CLNE) reported a wider than expected loss for the fourth quarter as revenue fell. 

Deckers Outdoor (Nasdaq: DECK) reported higher fourth quarter earnings but the company forecast a loss for the first quarter.

Halozyme Therapeutics (Nasdaq: HALO) widened fourth quarter losses more than expected as revenue tumbled.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 1859. Bitcoin lost $25.00 or 4.33% to $552.35.

Mixed Markets Over Economic Data

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The markets traded mixed during the midday with the Dow gaining 75 points to 16,348 as a weaker than expected 2.4% growth in the nation's economy tempered investor enthusiasm for a stronger than expected gain in consumer sentiment. Nasdaq slipped 10 points to 4308. 

On the upside 

Shares of Varonis Systems (Nasdaq: VRNS) surged in its market debut.

A Seeking Alpha contributor suggested that Perfect World (Nasdaq: PWRD) would thrive if it went private.

58.com (NYSE: WUBA) swung to a profit for the fourth quarter as revenue surged to beat expectations.

On the downside


The collaboration between Intermolecular (Nasdaq: IMI) and SanDisk (Nasdaq: SNDK) and Toshiba ended. 

Medivation (Nasdaq: MDVN) swung to an unexpected profit for the fourth quarter but the biopharmaceutical forecast 2014 revenue well below expectations prompting a downgrade.

KBR (NYSE: KBR) reported lower fourth quarter earnings and revenue that fell short of estimates and the engineering company forecast 2014 earnings that missed analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 rose 6 points to 1860. Bitcoin slipped $14.11 or 2.44% to $563.24.

February consumer sentiment rose more than expected to lift the markets to a sharply higher open with the Dow climbing 83 points to 16,355. Nasdaq gained 17 points to 4336. 

On the upside 

Central European Media Enterprises (Nasdaq: CETV) narrowed losses for the fourth quarter and announced a financing deal with Time Warner.

OmniVision Technologies (Nasdaq: OVTI) reported higher third quarter earnings that topped estimates.

Youku Tudou (NYSE: YOKU) narrowed fourth quarter losses more than expected.

On the downside


NII Holdings (Nasdaq: NIHD) reported a wider than expected loss as the company lost subscribers. 

Endologix (Nasdaq: ELGX) narrowed fourth quarter losses but the medical device maker forecast 2014 revenue that fell short of expectations.

Compugen (Nasdaq: CGEN) priced its public offering of 6 million common shares at the discounted price of $10.50 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 11 points to 1865. Bitcoin slipped $14.16 or 2.45% to $563.19.

Yellen's Comments Boost Markets

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Investors welcomed testimony from Federal Reserve chair Janet Yellen that recent economic weakness was due to inclement weather. The markets closed higher with the Dow gaining 74points to 16,272. Nasdaq climbed 26 points to 4318. 

On the upside 

Shares of BioFuel Energy (Nasdaq: BIOF) soared after The Wall Street Transcript published a report on the outlook for biofuels and biochemicals.

Career Education (Nasdaq: CECO) narrowed fourth quarter losses more than expected.

Inteliquent (Nasdaq: IQNT) swung to a better than expected profit for the fourth quarter.

On the downside


Questcor Pharmaceuticals (Nasdaq: QCOR) extended its losses. 

Fourth quarter earnings and revenue rose for LKQ (Nasdaq: LKQ) but the results missed expectations.

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

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 9 points to 1854. Bitcoin eased $7.84 or 1.35% to $574.96.

Markets Advance On Corporate Earnings

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Upbeat results from retailers lifted the markets during the midday with the Dow rising 29 points to 16,227. Nasdaq gained 16 points to 4308. 

On the upside 

Shares of Zulily (Nasdaq: ZU) continued rising.

Workday (NYSE: WDAY) reported a narrower than expected loss for the fourth quarter as revenue surged.

GrafTech International (NYSE: GTI) fell to a loss for the fourth quarter but the company forecast 2014 revenue above analyst expectations.

On the downside


Walter Investment Management (NYSE: WAC) swung to a profit for the fourth quarter but the results fell far short of analyst expectations. 

Nutrisystem (Nasdaq: NTRI) swung to a fourth quarter profit but the weight management company forecast current quarter and full year results that fell short of expectations.

Campus Crest Communities (NYSE: CCG) fell to a loss for the fourth quarter prompting a downgrade.

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 4 on Nasdaq. The broader S&P 500 added 3 points to 1848. Bitcoin eased $12.25 or 2.10% to $570.55.

Lower Open As Yellen Testifies

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The markets opened lower with the Dow losing 20 points to 16,178 as Federal Reserve chair Janet Yellen testified before Congress. Nasdaq slipped 3 points to 4288. 

On the upside 

J.C. Penney (NYSE: JCP) swung to a small profit for the fourth quarter from massive losses a year earlier and forecast higher margins in 2014.

Pacific Ethanol (Nasdaq: PEIX) swung to a fourth quarter profit and announced plans to restart production at its Madera, CA facility.

E-Commerce China Dangdang (NYSE: DANG) reversed year ago losses to post a greater than expected profit for the fourth quarter and forecast current quarter revenue ahead of estimates.

On the downside


Swift Energy (NYSE: SFY) fell to a loss for the fourth quarter as revenue fell to miss analyst expectations. 

Catamaran (Nasdaq: CTRX) reported higher fourth quarter earnings and revenue but investors were disappointed with the company's guidance.

Chico's FAS (NYSE: CHS) disappointed with a loss for the fourth quarter.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 1843. Bitcoin eased $5.56 or 0.95% to $577.24.

The markets closed modestly higher with the Dow rising 18 points to 16,198 even as new home sales soared more than expected. Nasdaq added 4 points to 4292. 

On the upside 

Shares of Prana Biotechnology (Nasdaq: PRAN) continued climbing.

ExamWorks Group (NYSE: EXAM) narrowed fourth quarter losses more than expected and forecast current quarter and 2014 results ahead of estimates.

A Seeking Alpha contributor wrote that Baxano Surgical (Nasdaq: BAXS) was undervalued.

On the downside


DreamWorks Animation (Nasdaq: DWA) swung to a profit for the fourth quarter but revenue dropped prompting a downgrade. 

Investors locked in profits on InterMune (Nasdaq: ITMN).

Cerus (Nasdaq: CERS) widened fourth quarter losses as revenue fell and the company forecast 2014 revenue below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1845. Bitcoin rose $31.09 or 5.82% to $565.05.

Markets Advance On Strong Earnings

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The markets traded higher during the midday with the Dow climbing 40 points to 16,219 on strong retail earnings. Nasdaq gained 18 points to 4306. 

On the upside 

ChinaNet Online Holdings (Nasdaq: CNET) was nominated as a candidate for the China Center for Promotion of SME Development's 2013 Preferred Service Provider for China Small and Medium-sized Enterprises award.

JAKKS Pacific (Nasdaq: JAKK) narrowed fourth quarter losses.

Fourth quarter earnings fell for Abercrombie & Fitch (NYSE: ANF) but the results were better than expected.

On the downside


DigitalGlobe (NYSE: DGI) reported lower fourth quarter earnings and announced the acquisition of Spatial Energy. 

UTi Worldwide (Nasdaq: UTIW) warned that it would report a loss for the fourth quarter and will issue $350 million worth of senior convertible notes after falling out of compliance with some debt covenants.

Clean Harbors (NYSE: CLH) disappointed with lower fourth quarter earnings that fell short of analyst expectations, forecast current quarter results below estimates and cut its full year guidance.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 3 points to 1848. Bitcoin gained $44.54 or 8.34% to $578.50.

Surge In New Home Sales Lifts Markets

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A surge in new home sales lifted the markets to a higher open with the Dow gaining 35 points to 16,215. Nasdaq rose 15 points to 4303. 

On the upside 

Plug Power (Nasdaq: PLUG) received a multi-site GenKey purchase order from Walmart Stores (NYSE: WMT).

Ballard Power Systems (Nasdaq: BLDP) narrowed losses for the fourth quarter.

The Food and Drug Administration approved Anika Therapeutics' (Nasdaq: ANIK) arthritis treatment MONOVISC.

On the downside


Forest Oil (NYSE: FST) reversed year ago losses to post a profit for the fourth quarter but the results fell short of analyst expectations. 

QEP Resources (NYSE: QEP) widened fourth quarter losses more than expected.

First Solar (Nasdaq: FSLR) disappointed with sharply lower fourth quarter earnings that missed estimates by a wide margin and forecast current quarter results below expectations.

The broader S&P 500 added 2 points to 1847. Bitcoin rose $20.69 or 3.87% to $554.65.

An unexpected drop in consumer confidence weighed the markets down to a lower close with the Dow falling 27 points to 16,179. Nasdaq lost 5 points to 4287. 

On the upside 

Leerink lifted its price target on Sunesis Pharmaceuticals (Nasdaq: SNSS) from $10 to $14 and affirmed its Outperform rating.

Bloomin' Brands (Nasdaq: BLMN) impressed with sharply higher fourth quarter earnings that more than tripled to top analyst estimates.

Infinity Pharmaceuticals (Nasdaq: INFI) narrowed fourth quarter losses more than expected.

On the downside


MicroVision (Nasdaq: MVIS) extended its losses. 

Amira Nature Foods (NYSE: ANFI) reported higher third quarter earnings but the results fell short of analyst expectations.

Perry Ellis (Nasdaq: PERY) warned of lower fourth quarter revenue.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 1845. Bitcoin lost $16.86 or 3.07% to $532.05.

Markets Flat As Confidence Slips

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The markets traded flat during the midday with the Dow losing 5 points to 16,201 as February consumer confidence unexpectedly slipped. Nasdaq fell 4 points to 4288. 

On the upside 

Zulily (Nasdaq: ZU) reported sharply higher fourth quarter earnings and revenue that surpassed analyst expectations.

Highpower International (Nasdaq: HPJ) received its first order for large format lithium batteries.

Lantronix (Nasdaq: LTRX) demonstrated its Google Analytics-connected solutions at the Embedded World 2014 show in Germany.

On the downside


SINA (Nasdaq: SINA) reported sharply higher fourth quarter earnings and revenue but concerns about slowing growth weighed down the stock. 

Tenet Healthcare (NYSE: THC) fell to a loss for the fourth quarter and forecast 2014 earnings below expectations.

Fourth quarter earnings dropped for Rosetta Resources (Nasdaq: ROSE) prompting a downgrade.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1847. Bitcoin lost $33.64 or 6.13% to $515.26.

Flat Open Even As Home Prices Rise

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The markets opened flat with the Dow slipping 3 points to 16,203 even as single family home prices rose more than expected in December. Nasdaq eased a point to 4291. 

On the upside 

InterMune (Nasdaq: ITMN) reported positive results from a Phase 3 ASCEND trial of its idiopathic pulmonary fibrosis treatment pirfenidone.

The Food and Drug Administration granted DARA Biosciences (Nasdaq: DARA) Orphan Drug Designation for its chronic chemotherapy induced peripheral neuropathy treatment KRN5500.

Morgan Stanley lifted its price target on Tesla Motors (Nasdaq: TSLA) from $153 to $320.

On the downside


Office Depot (NYSE: ODP) widened fourth quarter losses more than expected. 

RealPage (Nasdaq: RP) reported lower fourth quarter earnings that fell short of expectations prompting a downgrade.

VIVUS (Nasdaq: VVUS) narrowed fourth quarter losses but concerns about sales of its obesity treatment Qsymia weighed down the stock price.

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 edged down a point to 1845. Bitcoin lost $36.93 or 8.73% to $386.34.

Upbeat News Lifts Markets

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Upbeat corporate and global news lifted the markets to a higher close with the Dow surging 103 points to 16,207. Nasdaq climbed 29 points to 4292. 

On the upside 

Celladon (Nasdaq: CLDN) entered an option agreement with Servier for a worldwide ex-U.S. research collaboration.

Trex (NYSE: TREX) swung to a greater than expected profit for the fourth quarter as revenue climbed.

Humana (NYSE: HUM) said that Medicare payment cuts will be less than expected.

On the downside


Avid Technology (Nasdaq: AVID) received a delist letter from Nasdaq saying that trading in shares of the company will be suspended beginning tomorrow, February 25, 2014. 

Armstrong World Industries (NYSE: AWI) reported higher fourth quarter earnings but the results fell short of analyst expectations.

FBR Capital downgraded Cogent Communications (Nasdaq: CCOI) from a Market Perform rating to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 11 points to 1847. Bitcoin plummeted $149.76 or 47.25% to $167.18.

Mergers and acquisitions news sent the markets soaring during the midday with the Dow leaping 194 points to 16,297. Nasdaq surged 47 points to 4310. 

On the upside 

Dynasil (Nasdaq: DYSL) subsidiary Optometrics will supply L-3 Communications with optical components for three years.

Bargain hunters lifted shares of Prana Biotechnology (Nasdaq: PRAN).

Kandi Technologies (Nasdaq: KNDI) will expand its short-term electric vehicle rental service to Beijing and Shanghai.

On the downside


Shares of J.C. Penney (NYSE: JCP) fell ahead of its earnings release on Wednesday. 

News that developers in China were cutting prices weighed down shares of E-House Holdings (NYSE: EJ).

LifeLock (NYSE: LOCK) warned that more whistleblower claims may be filed against the company.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 soared 22 points to 1858. Bitcoin plummeted $135.27 or 77/30% to $175.00.

G20 Pledge Boosts Markets

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Pledges by the G20 for new policies that would increase the world economy by $2 trillion over five years boosted the markets to a sharply higher open with the Dow soaring 129 points to 16,233. Nasdaq climbed 32 points to 4295. 

On the upside 

RF Micro Devices (Nasdaq: RFMD) will pay approximately $1.6 billion in stock to acquire TriQuint Semiconductor (Nasdaq: TQNT).

Men's Wearhouse (NYSE: MW) increased its acquisition offer for Jos. A Bank (Nasdaq: JOSB) from $57.50 per shares to $63.50 per share.

GT Advanced Technologies (Nasdaq: GTAT) narrowed fourth quarter losses more than expected.

On the downside


Profit taking weighed down shares of MicroVision (Nasdaq: MVIS). 

Barron's wrote that Kinder Morgan Energy Partners (NYSE: KMP) was overvalued.

Bank of America-Merrill Lynch downgraded 3D Systems (NYSE: DDD) from a Buy rating to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 13 points to 1849. Bitcoin plunged $116.94 or 58.47% to $200.00.

Economic Concerns Weigh Down Markets

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Renewed concerns about the economy weighed the markets down to a lower close with the Dow losing 29 points to 16,103. Nasdaq slipped 4 points to 4263. 

On the upside 

ACADIA Pharmaceuticals (Nasdaq: ACAD) was designated a Barbarian at the Gate stock by Trade-Ideas.

Strayer Education (Nasdaq: STRA) fell to a smaller than expected loss for the fourth quarter.

Fourth quarter earnings fell for Shutterstock (NYSE: SSTK) but the results were better than expected and the company forecast first quarter and full year revenue ahead of estimates.

On the downside


National CineMedia (Nasdaq: NCMI) swung to a profit for the fourth quarter but the company forecast current quarter revenue that fell short of expectations. 

Financial Engines (Nasdaq: FNGN) reported higher fourth quarter earnings but the results missed estimates and the company forecast full year revenue that fell short of expectations.

Autobytel (Nasdaq: ABTL) reported higher fourth quarter earnings and revenue but the stock price fell after company announced plans to file an omnibus shelf registration statement.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 3 points to 1836. Bitcoin added $2.86 or 2.47% to $115.75.

Markets Modestly Higher At Midday

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The markets traded modestly higher during the midday with the Dow adding 33 points to 16,167 as investors focused on earnings. Nasdaq rose 13 points to 4280. 

On the upside 

Isis Pharmaceuticals (Nasdaq: ISIS) reported positive interim results from an open-label, multiple dose study of ISIS-SMN(Rx) in children with spinal muscular atrophy.

Aruba Networks (Nasdaq: ARUN) fell to a loss for the second quarter but the results were better than expected.

CommScope Holding (Nasdaq: COMM) reported a loss for the fourth quarter but the company forecast double digit adjusted net income growth for 2014.

On the downside


Newmont Mining (NYSE: NEM) fell to a greater than expected loss for the fourth quarter. 

Cabot Oil & Gas (NYSE: COG) reported higher fourth quarter earnings but the company forecast flat production for the first half of 2014.

MRC Global (NYSE: MRC) swung to a profit for the fourth quarter but the results fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 4 points to 1844. Bitcoin rose $12.98 or 10.31% to $125.87.

Higher Open Over Earnings

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The markets opened higher with the Dow rising 38 points to 16,171 as investors monitored earnings. Nasdaq added 9 points to 4277. 

On the upside 

Brookdale Senior Living (NYSE: BKD) will acquire Emeritus (NYSE: ESC) in an all stock deal valued at approximately $2.8 billion including the assumption of debt.

Shares of MicroVision (Nasdaq: MVIS) extended its gains.

Allscripts Healthcare Solutions (Nasdaq: MDRX) narrowed fourth quarter losses as revenue rose.

On the downside


Groupon (Nasdaq: GRPN) reported a loss for the fourth quarter that matched last year's losses and forecast a loss for the current quarter. 

Fleetmatics (NYSE: FLTX) reported sharply higher fourth quarter earnings but the company forecast current quarter and full year earnings below expectations.

Blucora (Nasdaq: BCOR) fell to a loss for the fourth quarter and the company forecast first quarter results that missed analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 5 points to 1844. Bitcoin rose $17.11 or 13.16% to $130.00.

Higher Close Over Upbeat Data

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An uptick in the consumer price index along with a drop in jobless claims boosted the markets to a higher close with the Dow gaining 92 points to 16,133. Nasdaq climbed 29 points to 4267. 

On the upside 

Basic Energy Services (NYSE: BAS) narrowed fourth quarter losses more than expected.

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

Seanergy Maritime Holdings (Nasdaq: SHIP) swung to a profit for the third quarter.

On the downside


William Blair downgraded Polypore International (NYSE: PPO) from an Outperform rating to a Market Perform rating. 

SGL Carbon's comments that negative trends in the graphite electrode business have continued in 2014 weighed down shares of competitor GrafTech International (Nasdaq: GTI).

BJ's Restaurants (Nasdaq: BJRI) reported sharply lower fourth quarter earnings.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 11 points to 1839. Bitcoin plummeted $148.23 or 131.18% to $113.00.

Markets Advance As Jobless Claims Fall

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The markets advanced during the midday with the Dow soaring 116 points to 16,157 as jobless claims fell last week. Nasdaq gained 26 points to 4264. 

On the upside 

Sony (NYSE: SNE) will use MicroVision's (Nasdaq: MVIS) PicoP technology in a new pico projector module.

United Online (Nasdaq: UNTD) widened fourth quarter losses.

AVG Technologies (NYSE: AVG) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.

On the downside


Millennial Media (NYSE: MM) fell to a loss for the fourth quarter and forecast current quarter revenue below expectations. 

Onconova Therapeutics (Nasdaq: ONTX) reported disappointing results from a Phase 3 ONTIME trial of rigosertib in patients with higher risk myelodysplastic syndromes.

Blackhawk Network Holdings (Nasdaq: HAWK) reported higher fourth quarter earnings but the results fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 1840. Bitcoin plunged $147.10 or 128.89% to $114.13.

Higher Open As Jobless Claims Fall

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First time applications for unemployment benefits fell last week to lift the markets to a modestly higher open with the Dow rising 22 points to 16,063. Nasdaq added 4 points to 4242. 

On the upside 

Tesla Motors (Nasdaq: TSLA) narrowed fourth quarter losses more than expected and forecast sharply higher production of its Model S sedan than analyst estimates.

Raptor Pharmaceuticals (Nasdaq: RPTP) reported positive interim results from a Phase 2/3 clinical trial of its Huntington's Disease treatment RP103.

Portfolio Recovery Associates (Nasdaq: PRAA) reported higher fourth quarter earnings as revenue rose and announced that it would pay approximately $880 million to buy Aktiv Kapital.

On the downside


Conn's (Nasdaq: CONN) reported preliminary fourth quarter earnings that fell far short of analyst expectations. 

Goodrich Petroleum (NYSE: GDP) reported a greater than expected loss for the fourth quarter as revenue fell short of estimates.

Yandex (Nasdaq: YNDX) reported higher fourth quarter earnings and revenue but the company forecast slowing growth in 2014.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1830. Bitcoin plunged $125.31 or 92.20% to $135.92.

The markets tumbled to a lower close with the Dow falling 89 points to 16,040 as comments from the Federal Reserve's last meeting indicated that interest rates may be raised sooner than expected. Nasdaq dropped 34 points to 4237. 

On the upside 

China's Supreme People's Court ruled in favor of American Superconductor (Nasdaq: AMSC) over the jurisdiction in two copyright infringement cases.

TheStreet wrote that ChinaCache International Holdings (Nasdaq: CCIH) had significant upside potential.

Dehaier Medical Systems (Nasdaq: DHRM) renewed its exclusive distribution right with Timesco to direct sale, distribute and bid of optima range products.

On the downside


CombiMatrix (Nasdaq: CBMX) widened losses for the fourth quarter. 

Robert W. Baird downgraded SolarCity (Nasdaq: SCTY) from an Outperform rating to a Neutral rating.

NeoGenomics (Nasdaq: NEO) swung to a profit for the fourth quarter but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 12 points to 1828. Bitcoin added $3.27 or 1.25% to $264.50.

Markets Fall As Housing Starts Tumble

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A sharp drop in January housing starts weighed the markets down during the midday with the Dow losing 39 points to 16,090. Nasdaq fell 20 points to 4252. 

On the upside 

Nabors Industries (NYSE: NBR) reported sharply higher fourth quarter earnings as revenue edged up.

Garmin (Nasdaq: GRMN) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin and increased its dividend.

Arrowhead Research (Nasdaq: ARWR) priced its offering of 5.5 million common shares at the discounted price of $18.95 per share but the stock price climbed.

On the downside


Profit taking weighed down shares of Prana Biotechnology (Nasdaq: PRAN). 

Genco Shipping (NYSE: GNK) failed to make a $3.1 million interest payment and retained the services of Blackstone Advisory Partners to review its options.

Navios Maritime (NYSE: NM) widened fourth quarter losses more than expected.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 slipped 5 points to 1835. Bitcoin edged up $0.58 or 0.22% to $261.23.

The markets opened higher with the Dow climbing 84 points to 16,215 as investors attributed a sharp drop in January housing starts to freezing weather conditions throughout most of the country. Nasdaq slipped 4 points to 4267. 

On the upside 

Signet Jewelers (NYSE: SIG) will pay a premium of approximately $690 million to buy Zale (NYSE: ZLC).

The Food and Drug Administration approved Chelsea Therapeutics' (Nasdaq: CHTP) low blood pressure treatment Northera.

Mexican regulators approved Oculus Innovative Sciences' (Nasdaq: OCLS) Microcyn60® Oral Care family of products for treating mouth and throat infections.

On the downside


SM Energy (NYSE: SM) reversed year ago losses to post a profit for the fourth quarter but the results fell far short of analyst expectations. 

Falling steel prices weighed down shares of U.S. Steel (NYSE: X).

Potbelly (Nasdaq: PBPB) fell to a loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 1845. Bitcoin added $4.35 or 1.64% to $265.00.

Mixed Close Over Earnings

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It was a mixed close for the markets with the Dow losing 23 points to 16,130 over earnings reports. Nasdaq gained 28 points to 4272. 

On the upside 

Shares of Ctrip.com (Nasdaq: CTRP) continued rising.

The Patent Office approved a patent for Lightbridge's (Nasdaq: LTBR) multi-lobed metallic fuel rod design and fuel assemblies.

TPG and Shanghai Fosun Pharmaceutical will acquire Chindex International (Nasdaq: CHDX) in a deal valued at approximately $369 million.

On the downside


Investors locked in profits on Cray (Nasdaq: CRAY). 

Semiconductor Manufacturing International (NYSE: SMI) disappointed with lower fourth quarter earnings and warned of lower first quarter revenue.

Sanchez Energy (NYSE: SN) reported that its Sante North 1H well produced more water than oil during a test.

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 added 2 points to 1840. Bitcoin slipped $24.50 or 9.61% to $255.00.

The markets traded mixed during the midday with the Dow losing 17 points to 16,137 as February homebuilder confidence fell. Nasdaq gained 29 points to 4273. 

On the upside 

JA Solar Holdings (Nasdaq: JASO) announced that its multi-crystalline silicon solar cells exceeded 19% conversion efficiency.

The Food and Drug Administration cited severe weather conditions for extending the action date for Chelsea Therapeutics' (Nasdaq: CHTP) New Drug Application for Northera to today, February 18.

Myriad Genetics (Nasdaq: MYGN) published data in the Journal of Urology demonstrating the accuracy of its Prolaris test in predicting metastases in prostate cancer.

On the downside


Gotham City Research wrote that Blucora's (Nasdaq: BCOR) revenue will plunge more than 60%. 

LiveDeal (Nasdaq: LIVE) announced that first quarter revenue rose 4% while net loss tumbled 62% but the stock price fell.

Wolverine World Wide (NYSE: WWW) narrowed fourth quarter losses more than expected as revenue rose but the company forecast full year earnings below expectations.

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 added 2 points to 1840. Bitcoin slipped $27.61 or 10.96% to $251.89.

The markets opened mixed with the Dow slipping 6 points to 16,148 while Nasdaq gained 21 points to 4265 as investors monitored earnings news. 

On the upside 

Actavis (NYSE: ACT) will pay a premium of approximately $25 billion in cash and stock to acquire Forest Laboratories (NYSE: FRX).

Prana Biotechnology (Nasdaq: PRAN) reported positive results from a Phase 2 REACH2HD clinical trial of its Huntington disease treatment PBT2.

Motley Fool wrote that Rite Aid (NYSE: RAD) has much growth potential.

On the downside


Galena Biopharma (Nasdaq: GALE) acknowledged that it did hire marketing firm The DreamTeam Group to promote company stock. 

Dresser-Rand (NYSE: DRC) will suspend operations at a pig manure treatment facility in Spain before a potential new regulation can negatively impact the company.

Coca-Cola (NYSE: KO) reported lower fourth quarter earnings as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added a point to 1840. Bitcoin slipped $6.55 or 1.28% to $504.12.

U. S. Markets Closed

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U. S. markets are closed for Presidents' Day.

Higher Close As Export Prices Rise

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The markets closed sharply higher with the Dow surging 126 points to 16,154 despite a drop in factory production as investors welcomed a 0.2% gain in export prices. Nasdaq added 3 points to 4244. 

On the upside 

Bankrate (NYSE: RATE) fell to a loss for the fourth quarter but the results were better than expected.

Fourth quarter earnings fell for Ellie Mae (NYSE: ELLI) but revenue rose to top analyst estimates and the company forecast 2014 revenue ahead of expectations.

Fonar (Nasdaq: FONR) reported sharply higher second quarter earnings as revenue surged.

On the downside


Agilent Technologies (NYSE: A) reported higher first quarter earnings but the company lowered its full year earnings outlook. 

Investors locked in profits on Gogo (Nasdaq: GOGO).

Profit taking weighed down shares of Zillow (Nasdaq: Z).

In the broad market, advancing issues outpaced decliners 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 gained 8 points to 1838. Bitcoin dropped $54.23 or 13.20% to $410.88.

Dow Extends Gains

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The Dow extended its gains during the midday with the blue chip index climbing 75 points to 16,103. Nasdaq slipped 3 points to 4236. 

On the upside 

Cray (Nasdaq: CRAY) impressed with sharply higher fourth quarter earnings that surged more than threefold to surpass analyst expectations by a wide margin as revenue soared.

PhotoMedex will pay a premium of approximately $106.4 million in cash to acquire LCA-Vision (Nasdaq: LCAV).

Ingram Micro (NYSE: IM) reported higher fourth quarter earnings and revenue that topped analyst estimates.

On the downside


Shares of Galena Biopharma (Nasdaq: GALE) extended its losses. 

Chegg (NYSE: CHGG) fell to a loss for the fourth quarter even as revenue climbed.

Silvercorp Metals (NYSE: SVM) disappointed with lower third quarter earnings and slashed its quarterly dividend.

In the broad market, advancing issues outpaced decliners by a margin of more than 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 4 points to 1834. Bitcoin dropped $18.00 or 4.03% to $447.11.

Mixed Open As Factory Output Falls

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The markets opened mixed with the Dow gaining 39 points to 16,067 while Nasdaq slipped 2 points to 4238 as January factory output fell. 

On the upside 

LogMeIn (Nasdaq: LOGM) fell to a loss for the fourth quarter but the results were better than expected and the company forecast current quarter and full year results ahead of estimates.

Synthesis Energy Systems (Nasdaq: SYMX) will form a joint venture with Zhangjiangang Chemical Machinery.

Shares of LiveDeal (Nasdaq: LIVE) continued rising.

On the downside


Weight Watchers International (NYSE: WTW) reported sharply lower fourth quarter earnings that missed expectations and forecast 2014 earnings well below analyst estimates. 

GNC Holdings (NYSE: GNC) reported higher fourth quarter earnings and revenue but the results fell short of expectations and the health and wellness products retailer forecast 2014 results that missed estimates.

Trulia (NYSE: TRLA) widened fourth quarter losses more than expected.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 1832. Bitcoin dropped $61.11 or 15.13% to $404.00.

The markets closed higher with the Dow gaining 63 points to 16,027 even as jobless claims rose and consumer spending fell. Nasdaq soared 39 points to 4240. 

On the upside 

Retrophin (Nasdaq: RTRX) will pay approximately $62.5 million to acquire Manchester Pharmaceuticals.

Fourth quarter earnings surged for Skechers (NYSE: SKX) to surpass analyst expectations by a wide margin.

Shares of Installed Building Products (NYSE: IBP) climbed on its first trading day.

On the downside


URS (NYSE: URS) warned that fourth quarter results would fall far short of previous guidance. 

Itron (Nasdaq: ITRI) fell to a loss for the fourth quarter prompting downgrades.

Support.com (Nasdaq: SPRT) reported higher fourth quarter earnings but company president and chief executive officer Josh Pickus announced his resignation effective April 1, 2014.

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 2 on Nasdaq. The broader S&P 500 climbed 10 points to 1829. Bitcoin plunged $122.26 or 26.73% to $457.52.

Despite a greater than expected increase in first time applications for unemployment benefits, the markets advanced during the midday with the Dow adding 11 points to 15,975. Nasdaq gained 16 points to 4217. 

On the upside 

Ctrip (Nasdaq: CTRP) reported higher fourth quarter earnings and revenue that topped analyst estimates.

Ladenburg Thalmann upgraded Genetic Technologies (Nasdaq: GENE) from a Neutral rating to a Buy rating.

Orbitz Worldwide (NYSE: OWW) swung to a better than expected profit for the fourth quarter as revenue rose.

On the downside


Angie's List (Nasdaq: ANGI) reported higher fourth quarter earnings but the results fell short of analyst expectations prompting a downgrade. 

Fourth quarter earnings and revenue rose for Cabela's (NYSE: CAB) but the results missed estimates and the specialty retailer forecast current quarter and full year earnings below expectations.

A Food and Drug Administration advisory committee recommended against approving a drug application by The Medicines Co. (Nasdaq: MDCO) for its anti platelet agent cangrelor.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 1822. Bitcoin tumbled $96.58 or 19.99% to $483.21.

An unexpected drop in January retail sales weighed the markets down to a lower open with the Dow slipping 14 points to 15,949. Nasdaq added 8 points to 4209. 

On the upside 

The Journal of Cardiiothoracic and Vascular Anesthesia published a study indicating that Oxygen Biotherapeutics' (Nasdaq: OXBT) levosimendan significantly improved post-operative kidney function.

Fourth quarter earnings slipped for ION Geophysical (NYSE: IO) but revenue climbed to a record high.

LiveDeal (Nasdaq: LIVE) launched livedeal.com in New York City.

On the downside


Whole Foods Market (Nasdaq: WFM) reported higher first quarter earnings and revenue but the results fell short of analyst expectations and the natural and organic grocery store chain cut its full year guidance. 

The Food and Drug Administration issued a complete response letter to DURECT (Nasdaq: DRRX) saying that approval for POSIDUR's new drug application was not possible in its current form.

Fourth quarter earnings edged up for LeapFrog (NYSE: LF) but revenue dropped and the results fell short of expectations.

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 eased a point to 1818. Bitcoin fell $79.79 or 15.96% to $500.00.

It was a mixed close for the markets with the Dow slipping 30 points to 15,963 while Nasdaq gained 10 points to 4201 after yesterday's sharp gains. 

On the upside 

Conversant (Nasdaq: CNVR) reported higher fourth quarter earnings and revenue.

Fourth quarter earnings fell for PHH (NYSE: PHH) but the results were better than expected.

Twitter (NYSE: TWTR) began testing redesigned user profile pages.

On the downside


Shares of Eagle Pharmaceuticals (Nasdaq: EGRX) tumbled on its first trading day. 

FireEye (Nasdaq: FEYE) narrowed losses for the fourth quarter but the company forecast current quarter results that fell short of expectations.

Covanta Holding (NYSE: CVA) disappointed with lower fourth quarter earnings that missed analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1819. Bitcoin fell $37.68 or 6.50% to $542.11.

Mixed Markets After Recent Surge

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The markets traded mixed during the midday with the Dow losing 38 points to 15,956 after yesterday's surge. Nasdaq rose 9 points to 4200. 

On the upside 

Fourth quarter earnings surged for Trimble Navigation (Nasdaq: TRMB) to beat analyst expectations as revenue rose.

Freescale Semiconductor (NYSE: FSL) increased its public offering from 30 million common shares to 35 million common shares.

Imerys will pay a premium of approximately $1.33 billion to purchase AMCOL International (NYSE: ACO).

On the downside


TheStreet reported that Galena Biopharma (Nasdaq: GALE) insiders sold millions of dollars worth of company stock after engaging the services of a stock promotions firm. 

Lorillard (NYSE: LO) reported flat fourth quarter earnings that missed analyst expectations.

Jive Software (Nasdaq: JIVE) widened fourth quarter losses and forecast current quarter revenue 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 held steady at 1819. Bitcoin lost $23.78 or 4.28% to $556.01.

Mixed Open After Four Days Of Gains

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The markets opened mixed with the Dow slipping 3 points to 15,991 while Nasdaq rose 12 points to 4203 as investors hit the pause button after four days of gains. 

On the upside 

Shares of Ocean Power Technologies (Nasdaq: OPTT) continued rising.

TripAdvisor (Nasdaq: TRIP) reported lower fourth quarter earnings but revenue rose to beat analyst expectations.

Owens Corning (NYSE: OC) reversed year ago losses to post a greater than expected profit for the fourth quarter and the company initiated a quarterly dividend of 16 cents per share payable on April 3, 2014 to shareholders of record March 14, 2014.

On the downside


Ventrus Biosciences (Nasdaq: VTUS) reported disappointing results from a Phase 3 trial of its anal fissure pain treatment Diltiazem Hydrochloride 2% Cream. 

LiveDeal (Nasdaq: LIVE) completed its three-for-one stock split.

OXiGENE (Nasdaq: OXGN) announced a registered public offering of $12 million worth of units priced at $2.05 per unit.

In the broad market, advancing issues outpaced decliners 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 added a point to 1820. Bitcoin lost $38.91 or 7.19% to $540.88.

Yellen's Reassurances Boost Markets

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Reassurances by new Federal Reserve chair Janet Yellen that current monetary policies would continue boosted the markets to a sharply higher close with the Dow jumping 192 points to 15,994. Nasdaq surged 42 points to 4191. 

On the upside 

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY) and Gold Fields (NYSE: GFI).

The Patent Board ranked iRobot (Nasdaq: IRBT) #5 on its list of top patent portfolios in the electronics and instruments industry and #2 in the science strength category.

Ligand Pharmaceuticals (Nasdaq: LGND) reported sharply higher fourth quarter earnings that surpassed analyst expectations as revenue rose.

On the downside


Profit taking weighed down shares of YOU On Demand (Nasdaq: YOD). 

Zacks Equity Research wrote that GT Advanced Technologies (Nasdaq: GTAT) was overbought and the stock price would soon drop.

Several Ocwen Financial (NYSE: OCN) investors including BlackRock may file suit against the company for its mortgage servicing practices.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 soared 19 points to 1819. Bitcoin slipped $12.54 or 2.16% to $579.79.

Markets Soar Over Yellen's Comments

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The markets soared during the midday with the Dow leaping 156 points to 15,958 as investors welcomed comments by Federal Reserve chair Janet Yellen that current monetary policy would continue unchanged. Nasdaq gained 34 points to 4182. 

On the upside 

The Food and Drug Administration granted clearance to Hansen Medical (Nasdaq: HNSN) for its smaller diameter Magellan(™) 6FrRobotic Catheter.

TriQuint Semiconductor (Nasdaq: TQNT) introduced new high-performance filters for next-generation smartphones.

InvenSense (Nasdaq: INVN) and STMicroelectronics (NYSE: STM) settled all pending litigation and entered a patent cross license agreement.

On the downside


Rackspace Hosting (NYSE: RAX) reported lower fourth quarter earnings and announced the retirement of chief executive Lanham Napier. 

Dean Foods (NYSE: DF) fell to a loss for the fourth quarter and cut its full year earnings outlook.

WPX Energy (NYSE: WPX) warned that a $1.4 billion pretax impairment charge would negatively impact fourth quarter and full year earnings.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 14 points to 1814. Bitcoin fell $20.20 or 3.53% to $572.13.

Fed To Maintain Policy, Markets Rise

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Federal Reserve chair Janet Yellen's comments that the Fed will maintain current monetary policy lifted the markets to a higher open with the Dow gaining 71 points to 15,873. Nasdaq climbed 19 points to 4167. 

On the upside 

Mallinckrodt will pay a premium of approximately $1.3 billion to acquire Cadence Pharmaceuticals (Nasdaq: CADX).

Sprint (NYSE: S) narrowed fourth quarter losses more than expected as revenue rose.

Lockheed Martin will use Ocean Power Technologies (Nasdaq: OPTT) power buoys to construct the world's largest ocean wave energy power plant.

On the downside


Infoblox (NYSE: BLOX) reported preliminary second quarter revenue below analyst estimates and lowered its full year guidance prompting downgrades. 

Investors locked in profits on Groupon (Nasdaq: GRPN).

Zoetis (NYSE: ZTS) swung to a better than expected profit for the fourth quarter but the company forecast 2014 revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 rose 5 points to 1805. Bitcoin lost $10.39 or 1.79% to $581.94.

The markets closed modestly higher with the Dow adding 7 points to 15,801 ahead of Federal Reserve chair Janet Yellen's first Congressional testimony tomorrow. Nasdaq gained 22 points to 4148. 

On the upside 

Kase Capital Management managing partner Whitney Tilson remarked that magicJack VocalTec (Nasdaq: CALL) had the potential to surge eightfold.

Barnes & Noble (NYSE: BKS) eliminated an unspecified number of jobs at its Nook unit in order to cut expenses.

Aegis lifted its price target on Galectin Therapeutics (Nasdaq: GALT) from $16 to $32.

On the downside


A Food and Drug Administration investigator recommended against approving The Medicines Company's (Nasdaq: MDCO) blood clot prevention drug Cangrelor. 

Orbitz Worldwide (NYSE: OWW) partnered with Amadeus improve the user experience of its online and mobile travel sites but the stock price fell.

ACI Worldwide (Nasdaq: ACIW) warned that full year 2013 earnings and revenue would fall short of previous guidance.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 1799. Bitcoin lost $59.35 or 9.96% to $595.75.

Mixed Markets At Midday

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The markets continued to trade mixed during the midday with the Dow losing 17 points to 15,776 as investors await Congressional testimony by new Federal Reserve chair Janet Yellen. Nasdaq gained 13 points to 4139. 

On the upside 

A Seeking Alpha contributor noted that You On Demand (Nasdaq: YOD) was granted an exclusive license to provide national Pay-per-view and Video-on-demand service in China.

Bargain hunters lifted shares of InterMune (Nasdaq: ITMN).

GT Advanced Technologies (Nasdaq: GTAT) extended its gains.

On the downside


Forbes listed Prana Biotechnology (Nasdaq: PRAN) as one of the worst performing biotechnology stocks of last week. 

Changyou.com (Nasdaq: CYOU) reported sharply lower fourth quarter earnings, forecast current quarter results below expectations and announced the departure of chief financial officer Alex Ho.

Bank of America/Merrill Lynch downgraded ArcelorMittal (NYSE: MT) from a Buy rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1796. Bitcoin lost $56.60 or 9.46% to $598.50.

Mixed Open Ahead Of Yellen Testimony

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The markets opened mixed with the Dow slipping 19 points to 15,775 while Nasdaq rose 10 points to 4136 ahead of Congressional testimony by new Federal Reserve chair Janet Yellen tomorrow. 

On the upside 

Plug Power (Nasdaq: PLUG) will provide its hydrogen fuel cell system solution to six distribution centers across the nation.

Alibaba offered a premium of approximately $1.45 billion to acquire AutoNavi (Nasdaq: AMAP).

Microchip Technology (Nasdaq: MCHP) will acquire Supertex (Nasdaq: SUPX) in an all cash deal valued at approximately $246 million.

On the downside


Boardwalk Pipeline Partners (NYSE: BWP) disappointed with sharply lower fourth quarter earnings prompting a downgrade. 

Investors locked in profits on Nokia (NYSE: NOK).

Shares of Sprint (NYSE: S) fell ahead of its earnings release before market open tomorrow morning.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 eased a point to 1795. Bitcoin tumbled $71.26 or 12.20% to $583.84.

Weak jobs data sparked speculation that the Federal Reserve may slow its tapering program. The markets soared to close sharply higher with the Dow surging 165 points to 15,794. Nasdaq jumped 68 points to 4215. 

On the upside 

9to5Mac reported that Apple (Nasdaq: AAPL) may use sapphire crystal displays to be made by GT Advanced (Nasdaq: GTAT) in future iPhones.

Cytokinetics (Nasdaq: CYTK) reversed year ago losses to post an unexpected profit for the fourth quarter as revenue surged.

HTC must pay licensing fees to Nokia (NYSE: NOK) to settle a patent dispute.

On the downside


Montage Technology (NYSE: MONT) denied allegations made by Gravity Research that company financial statements included false and misleading information but the stock price continued falling. 

Energy XXI (NYSE: EXXI) disappointed with sharply lower second quarter earnings.

FMC Technologies (NYSE: FTI) reported higher fourth quarter earnings but the company forecast 2014 earnings that fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 soared 23 points to 1797. Bitcoin tumbled $100.00 or 13.68% to $731.00.

The markets advanced during the midday with the Dow climbing 92 points to 15,721 despite disappointing jobs data. Nasdaq soared 48 points to 4196. 

On the upside 

24/7 Wall Street listed Galena Biopharma (Nasdaq: GALE) as one of eight $5 biotech stocks poised for growth.

Ariad Pharmaceuticals (Nasdaq: ARIA) shareholder Sarissa Capital Management plans to nominate candidates for at least two seats on Ariad's board.

SMART Technologies (Nasdaq: SMT) swung to a profit for the third quarter as revenue rose.

On the downside


Fourth quarter earnings slipped for Genpact (NYSE: G) and the company forecast full year revenue below expectations. 

NCR (NYSE: NCR) reported lower fourth quarter earnings and forecast full year earnings that fell short of expectations.

Cigna (NYSE: CI) disappointed with lower fourth quarter earnings that missed analyst estimates and forecast full year earnings below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 14 points to 1787. Bitcoin tumbled $71.00 or 9.34% to $760.00.

The nation's employers added fewer jobs than expected but the markets opened higher with the Dow rising 14 points to 15,643. Nasdaq gained 19 points to 4076. 

On the upside 

Fourth quarter earnings fell for Activision Blizzard (Nasdaq: ATVI) but the results were better than expected.

Expedia (Nasdaq: EXPE) reported sharply higher fourth quarter earnings that surpassed analyst expectations.

ON Semiconductor (Nasdaq: ONNN) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast current quarter revenue ahead of estimates.

On the downside


Fairway Group (Nasdaq: FWM) narrowed third quarter losses and announced the retirement of chief executive Herbert Ruetsch. 

Roundy's (NYSE: RNDY) priced its public offering of more than 8.84million common shares at the discounted price of $7.00 per share.

LinkedIn (NYSE: LNKD) reported lower fourth quarter earnings and forecast current quarter and full year results below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 1779. Bitcoin tumbled $102.01 or 13.99% to $728.99.

Jobless Claims Drop, Markets Surge

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The markets surged to a sharply higher close with the Dow rocketing 188 points to 15,628 as jobless claims fell more than expected. Nasdaq leaped 45 points to 4057. 

On the upside 

USG (NYSE: USG) narrowed fourth quarter losses more than expected as revenue climbed.

Multiple jurisdictions have approved Prima Biomed's (Nasdaq: PBMD) amended CAN-004 clinical trial protocol.

Maximus (NYSE: MMS) reported sharply higher first quarter earnings and revenue that beat analyst expectations prompting the company to lift its full year outlook.

On the downside


Gravity Research initiated coverage of Montage Technology Group (Nasdaq: MONT) with a Strong Sell rating. 

Affymetrix (Nasdaq: AFFX) swung to a profit for the fourth quarter but the results fell short of analyst expectations.

Fourth quarter earnings fell for Shutterfly (Nasdaq: SFLY) and the company forecast a greater than expected loss for the first quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 soared 21 points to 1773. Bitcoin tumbled $105.00 or 12.76% to $823.00.

A greater than expected drop in first time applications for unemployment benefits sent the markets soaring during the midday with the Dow leaping 152 points to 15,592. Nasdaq jumped 43 points to 4054. 

On the upside 

Yelp (NYSE: YELP) narrowed fourth quarter losses as revenue leaped and the online review site forecast current quarter and full year revenue ahead of expectations.

Monster Worldwide (NYSE: MWW) narrowed fourth quarter losses more than expected even as revenue slipped.

Fourth quarter earnings dropped for Patterson-UTI Energy (Nasdaq: PTEN) due to charges related to its mechanically powered rig fleet but revenue rose and the company doubled its quarter cash dividend to 10 cents per share.

On the downside


Spirit AeroSystems (NYSE: SPR) fell to a loss for the fourth quarter. 

Chesapeake (NYSE: CHK) cut its 2014 capital expenditure by 20%.

The Wall Street Journal reported that a New York state regulator has halted Ocwen Financial's (NYSE: OCN) $2.7 billion bid to acquire mortgage servicing rights from Wells Fargo (NYSE: WFC).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 18 points to 1769. Bitcoin fell $75.23 or 8.82% to $852.77.

Upbeat earnings news sent the markets soaring to a sharply higher open with the Dow surging 130 points to 15,570. Nasdaq leaped 40 points to 4052. 

On the upside 

Coca-Cola (NYSE: KO) will pay approximately $1.25 million for a 10% stake in Green Mountain Coffee Roasters (Nasdaq: GMCR) and the two companies will jointly develop a single serve cold drink machine similar to the Keurig brewer.

Glu Mobile (Nasdaq: GLUU) narrowed fourth quarter losses more than expected as revenue soared.

Akamai Technologies (Nasdaq: AKAM) reported sharply higher fourth quarter earnings that topped analyst expectations as revenue rose.

On the downside


Fourth quarter revenue surged for Twitter (NYSE: TWTR) but the company widened fourth quarter losses and added users at a slower than expected pace. 

Atmel (Nasdaq: ATML) reversed year ago losses to post a profit the fourth quarter but the results fell short of expectations.

Pandora Media (NYSE: P) reported sharply higher fourth quarter earnings and revenue that topped analyst estimates but the company forecast current quarter and full year results below expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 13 points to 1765. Bitcoin fell $75.98 or 8.92% to $852.02.

Flat Close Over Mixed Economic Data

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The markets closed flat with the Dow slipping 5 points to 15,440 as investors weighed a disappointing jobs report against upbeat service sector activity. Nasdaq fell 19 points to 4011. 

On the upside 

Dealreporter said that Sprint (NYSE: S) was finalizing deals to raise $45 billion in order to make an acquisition offer for T-Mobile (NYSE: TMUS).

Sarepta Therapeutics (Nasdaq: SRPT) reported positive interim results for a Phase IIb study of its Duchenne muscular dystrophy treatment eteplirsen.

Radian Group (NYSE: RDN) reversed year ago losses to post a better than expected profit for the fourth quarter.

On the downside


A Seeking Alpha contributor wrote that demand for compressed natural gas was much greater than liquified natural gas that Clean Energy Fuels (Nasdaq: CLNE) supports. 

PDL BioPharma (Nasdaq: PDLI) will offer $250 million worth of new convertible senior notes.

Estee Lauder (NYSE: EL) reported lower second quarter earnings.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 1751. Bitcoin lost $35.02 or 3.91% to $894.88.

The markets traded mixed during the midday with the Dow rising 11 points to 15,458 despite disappointing jobs data as the nation's services sector expanded at a faster pace than expected. Nasdaq lost 11 points to 4019. 

On the upside 

Pernix Therapeutics (Nasdaq: PTX) named Doug Drysdale to the position of chief executive and announced an investment of $65 million by Athyrium Capital Management.

Level 3 Communications (NYSE: LVLT) swung to a profit for the fourth quarter.

Bargain hunters lifted shares of Oramed Pharmaceuticals (Nasdaq: ORMP).

On the downside


Global Hunter Securities downgraded Bill Barrett (NYSE: BBG) from an Accumulate rating to a Neutral rating. 

Arch Coal (NYSE: ACI) widened fourth quarter losses more than expected as revenue fell.

Hain Celestial Group (Nasdaq: HAIN) reported higher second quarter earnings but revenue fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 slipped a point to 1753. Bitcoin lost $35.02 or 3.91% to $894.88.

Weak Job Data Weighs Down Markets

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Weak job gains in January weighed the markets down to a lower open with the Dow falling 77 points to 15,367. Nasdaq tumbled 58 points to 3973. 

On the upside 

Myriad Genetics (Nasdaq: MYGN) reported sharply higher second quarter earnings and revenue and announced that it would pay approximately $270 million in cash to acquire Crescendo Bioscience.

Shares of Continental Building Products (NYSE: CBPX) climbed on its first trading day.

Tableau Software (NYSE: DATA) reversed year ago losses to post a better than expected profit for the fourth quarter as revenue nearly doubled and forecast current quarter results ahead of estimates.

On the downside


3D Systems (NYSE: DDD) lowered its fourth quarter and full year guidance. 

Extreme Networks (Nasdaq: EXTR) widened second quarter losses more than expected and forecast current quarter earnings below expectations.

CH Robinson Worldwide (Nasdaq: CHRW) disappointed with sharply lower fourth quarter earnings that missed expectations.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 fell 13 points to 1742. Bitcoin slipped $14.89 or 1.63% to $915.00.

Bargain hunters lifted the markets to a higher close with the Dow climbing 72 points to 15,445. Nasdaq gained 34 points to 4031. 

On the upside 

Fourth quarter earnings doubled for Lionbridge Technologies (Nasdaq: LIOX) as revenue climbed.

Integrated Device Technology (Nasdaq: IDTI) reversed year ago losses to post a better than expected profit for the third quarter.

Headwaters (NYSE: HW) narrowed first quarter losses more than expected as revenue rose prompting the company to lift its full year earnings outlook.

On the downside


Peregrine Semiconductor (Nasdaq: PSMI) fell to a greater than expected loss for the fourth quarter and forecast current quarter revenue below estimates prompting downgrades. 

Dun & Bradstreet (NYSE: DNB) disappointed with lower fourth quarter earnings that fell short of analyst expectations.

Nu Skin Enterprises (NYSE: NUS) reported preliminary fourth quarter earnings above expectations but the stock price tumbled.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 gained 13 points to 1755. Bitcoin slipped $14.66 or 1.59% to $922.00.

Markets Advance As Deficit Tumbles

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The markets advanced during the midday with the Dow gaining 79 points to 15,451 as the nation's deficit shrank. Nasdaq climbed 40 points to 4037. 

On the upside 

Furiex Pharmaceuticals (Nasdaq: FURX) reported positive results from a late stage study of its irritable bowel syndrome treatment eluxadoline.

Cowen Securities analysts Robert Stone and James Medvedeff affirmed their Outperform rating on Plug Power (Nasdaq: PLUG) saying that the fuel cell maker could become profitable by the end of 2014.

Fourth quarter earnings slipped for Yum! Brands (NYSE: YUM) but the results were better than expected.

On the downside


J.C. Penney (NYSE: JCP) reported a 2% gain in same store sales for the fourth quarter but analysts expected a much greated 4% increase. 

Brown & Brown (NYSE: BRO) reported higher fourth quarter earnings and revenue but the results fell short of analyst estimates.

Oasis Petroleum (Nasdaq: AFOP) increased its production outlook for 2014 but the company also expects expenses to soar.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 13 points to 1755. Bitcoin lost $18.86 or 2.05% to $917.80.

The markets opened higher with the Dow rising 56 points to 15,429 as investors snapped up deals after yesterday's steep sell-off. Nasdaq gained 27 points to 4023. 

On the upside 

ATMI (Nasdaq: ATMI) reported lower fourth quarter earnings but the results surpassed analyst expectations and the company announced that it agreed to be acquired by Entegris (Nasdaq: ENTG) for approximately $1.15 billion.

UBS upgraded Zynga  (Nasdaq: ZNGA) from a Neutral rating to a Buy rating.

Michael Kors (NYSE: KORS) reported sharply higher third quarter earnings that beat analyst expectations by a wide margin as revenue soared prompting the company to lift its full year forecast.

On the downside


Third quarter earnings surged for Take-Two Interactive (Nasdaq: TTWO) to beat expectations but the company forecast current quarter results below analyst estimates. 

ARM Holdings (Nasdaq: ARMH) fell to a loss for the third quarter.

Fourth quarter earnings fell for Alliance Fiber Optic Products (Nasdaq: AFOP).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 9 points to 1751. Bitcoin slipped $13.65 or 1.48% to $923.01.

A greater than expected drop in the Institute for Supply Management's manufacturing index sent the markets plummeting to a sharply lower close with the Dow crashing 326 points to 15,372. Nasdaq plunged 106 points to 3996. 

On the upside 

Taser International (Nasdaq: TASR) will replace Consolidated Graphics (NYSE: CGX) in the S&P SmallCap 600 after market close tomorrow.

Herbalife (NYSE: HLF) raised its fourth quarter earnings outlook and increased its stock repurchase program by $500 million to $1.5 billion.

Shares of RadioShack (NYSE: RSH) climbed after airing a popular and well reviewed Super Bowl ad.

On the downside


Shares of InterMune (Nasdaq: ITMN) extended its losses. 

Investors locked in profits on SunPower (Nasdaq: SPWR).

Disappointing manufacturing data weighed down shares of coal producers Alpha Natural Resources (NYSE: ANR), James River Coal (Nasdaq: JRCC) and Walter Energy (NYSE: WLT).

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 1 on Nasdaq. The broader S&P 500 plummeted 40 points to 1741. Bitcoin eased $6.44 or 0.69% to $923.14.

The Institute for Supply Management's January manufacturing index dropped more than expected to send the markets tumbling during the midday with the Dow collapsing 266 points to 15,432. Nasdaq plummeted 107 points to 3996. 

On the upside 

BioTelemetry (Nasdaq: BEAT) acquired MedNet Healthcare Technologies as part of a consent judgment in its patent suit against Mednet.

Wall St. Cheat Sheet expects WPCS International (Nasdaq: WPCS) to climb after it launches its Bitcoin BTX Trader platform.

Smith & Nephew will pay a premium of approximately $1.5 billion in cash to acquire ArthroCare (Nasdaq: ARTC).

On the downside


TheStreet questioned the safety claims made by Oramed Pharmaceuticals (Nasdaq: ORMP) for its ORMD-0801 insulin pill. 

Atlantic Power (NYSE: AT) launched the syndication of new senior credit facilities.

Shares of Genco Shipping (NYSE: GNK) continued falling over solvency concerns.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 1 on Nasdaq. The broader S&P 500 plunged 36 points to 1746. Bitcoin edged up $5.50 or 0.59% to $935.08.

A drop in Chinese manufacturing sent the markets tumbling to a sharply lower open with the Dow plummeting 143 points to 15,555. Nasdaq plunged 51 points to 4052. 

On the upside 

The Naval Surface Warfare Center, Dahlgren awarded Kratos Defense & Security Solutions (Nasdaq: KTOS) a five year SeaPort-e Indefinite Delivery, Indefinity Quantity Multiple Award Contract with a maximum contract value of $7.92 billion.

ThermoGenesis (Nasdaq: KOOL) and TotipotentRX achieved its 20th pediatric bone marrow transplant.

IntelliPharmaCeutics International (Nasdaq: IPCI) received a profit sharing payment of approximately $3.1 million from Par Pharmaceutical.

On the downside


A Seeking Alpha article said that Galena Biopharma (Nasdaq: GALE) was overvalued. 

Ariad Pharmaceuticals (Nasdaq: ARIA) extended its losses as investors continued to take profits.

Investors locked in profits on Vanda Pharmaceuticals (Nasdaq: VNDA).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 15 points to 1767. Bitcoin added $12.02 or 1.28% to $941.60.

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