MarketMinute.com Market Updates tag:blog.marketminute.com,2007-10-15:/financial_market_updates//2 2012-02-03T22:24:06Z Real-Time Stock Market News Movable Type 5.12 Upbeat Jobs Data Lifts Market To Higher Close tag:blog.marketminute.com,2012:/financial_market_updates//2.11851 2012-02-03T22:23:18Z 2012-02-03T22:24:06Z Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 156 points to 12,862. Nasdaq surged 45 points to 2905. Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 156 points to 12,862. Nasdaq surged 45 points to 2905.

On the upside

Infinera (Nasdaq: INFN) widened fourth quarter losses but the results were better than expected. 


TheStreet listed Meritor (NYSE: MTOR) as one of five stocks trading under $10 with much upside potential.

 

Beazer Homes (NYSE: BZH) reversed year ago losses to post a profit for the first quarter.


On the downside


Dresser-Rand Group (NYSE: DRC) lowered its fourth quarter outlook.  


Fourth quarter earnings climbed for Con-way (NYSE: CNW) due to an acquisition settlement but the results fell far short of analyst expectations. 

  

Modine (NYSE: MOD) reported higher third quarter earnings but the results missed estimates and the company lowered its 2012 earnings outlook and revenue growth guidance.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points to 831.

]]> Markets Soar At Midday As Unemployment Rate Drops tag:blog.marketminute.com,2012:/financial_market_updates//2.11846 2012-02-03T19:24:27Z 2012-02-03T19:26:19Z The nation's unemployment rate dropped to a three year low to boost the markets sharply higher during the midday with the Dow surging 150 points to 12,855. Nasdaq leaped 46 points to 2906. The nation's unemployment rate dropped to a three year low to boost the markets sharply higher during the midday with the Dow surging 150 points to 12,855. Nasdaq leaped 46 points to 2906.

On the upside

Fourth quarter earnings slipped for Power-One (Nasdaq: PWER) but the results beat analyst expectations. 


Zoltek (Nasdaq: ZOLT) reversed year ago losses to post a profit for the first quarter.

 

Bargain hunters snapped up shares of Sony (NYSE: SNE), whose stock price tumbled after reporting a significant third quarter loss and warned of wider than expected losses for the full year.


On the downside


Fourth quarter earnings slipped for Edwards Lifesciences (NYSE: EW) as sales fell short of expectations.  


Aon (NYSE: AON) reported higher fourth quarter earnings but operating margins fell. 

  

STR Holdings (NYSE: STRI) warned of losses for the fourth quarter and projected revenue far short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 17 points to 830.

]]> Unemployment Falls To 3-Year Low, Markets Open Sharply Higher tag:blog.marketminute.com,2012:/financial_market_updates//2.11845 2012-02-03T14:48:07Z 2012-02-03T15:39:39Z The markets opened sharply higher with the Dow leaping 144 points to 12,849 as a better than expected gain in January jobs pushed the unemployment rate down to a three year low of 8.3%. Nasdaq soared 40 points to 2899. The markets opened sharply higher with the Dow leaping 144 points to 12,849 as a better than expected gain in January jobs pushed the unemployment rate down to a three year low of 8.3%. Nasdaq soared 40 points to 2899.

On the upside

Gilead Sciences (Nasdaq: GILD) reported higher fourth quarter earnings as revenue climbed to top analyst estimates. 


Genworth Financial (NYSE: GNW) reversed year ago losses to post a better than expected profit for the fourth quarter.

 

Threshold Pharmaceuticals (Nasdaq: THLD) and Merck will jointly develop and commercialize Threshold's cancer treatment TH-302.


On the downside


MannKind (Nasdaq: MNKD) priced its public offering of more than 31 million units at $2.40 per unit.  


ARMOUR Residential REIT (NYSE: ARR) announced a public offering of 22 million common shares and priced its public offering of 26 million common shares. 

  

The Food and Drug Administration removed its partial clinical hold on Idenix Pharmaceuticals' (Nasdaq: IDIX) hepatitis C treatment IDX184 but investors were concerned that competitors may develop their drugs first.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 828.

]]> Mixed Close As Investors Remain Cautious tag:blog.marketminute.com,2012:/financial_market_updates//2.11840 2012-02-02T22:12:56Z 2012-02-02T22:15:15Z Initial jobless claims dropped more than expected last week but investors remained cautious as the European financial crisis weighed on corporate earnings. The markets closed mixed with the Dow slipping 9 points to 12,707 while Nasdaq rose 11 points to 2859. Initial jobless claims dropped more than expected last week but investors remained cautious as the European financial crisis weighed on corporate earnings. The markets closed mixed with the Dow slipping 9 points to 12,707 while Nasdaq rose 11 points to 2859.

On the upside

Patriot Coal (NYSE: PCX) fell to a fourth quarter loss as coal demand weekend. Investors welcomed news that the coal producer will idle its Big Mountain thermal coal complex. 


Shares of Amylin Pharmaceuticals (Nasdaq: AMLN) continued climbing after the Food and Drug Administration approved the company's once-a-week diabetes treatment Bydureon on Friday.

 

Six affiliates of Alpha Natural Resources (NYSE: ANR) in West Virginia won the Mountaineer Guardian safety award for 2011.


On the downside


Fitch Ratings withdrew its rating on China Medical Technologies (NYSE: CMED) after the company failed to make a payment on a scheduled coupon.  


Bank of America downgraded AK Steel (NYSE: AKS) to an Underperform rating citing increased pension expenses. 

  

ShoreTel (Nasdaq: SHOR) will acquire M5 Networks in a cash and stock deal valued at approximately $146.3 million.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 812.

]]> Markets Mixed Over Jobs Data tag:blog.marketminute.com,2012:/financial_market_updates//2.11838 2012-02-02T17:41:22Z 2012-02-02T16:42:39Z The markets traded mixed during the midday with the Dow losing 18 points to 12,698 as jobless claims fell last week while planned January job cuts climbed. Nasdaq gained 11 points to 2859. The markets traded mixed during the midday with the Dow losing 18 points to 12,698 as jobless claims fell last week while planned January job cuts climbed. Nasdaq gained 11 points to 2859.

On the upside

Facebook's regulatory filing revealed that the majority of its revenue came from social gaming company Zynga (Nasdaq: ZNGA). 


Cadence Design Systems (Nasdaq: CDNS) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast current quarter results ahead of estimates.

 

Cemex (NYSE: CX) reported higher fourth quarter earnings and revenue.


On the downside


Boston Scientific (NYSE: BSX) disappointed with sharply lower fourth quarter earnings as revenue fell.  


Fourth quarter earnings fell for Cigna (NYSE: CI) miss analyst expectations. 

  

Ameriprise Financial (NYSE: AMP) reported lower fourth quarter earnings that fell short of analyst expectations as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 814.

]]> Flat Open Over Mixed Jobs Data tag:blog.marketminute.com,2012:/financial_market_updates//2.11834 2012-02-02T14:45:30Z 2012-02-02T15:26:20Z First time applications for unemployment benefits fell more than expected but planned job cuts climbed in January to a four month high. The markets opened flat with the Dow edging up a point to 12,717. Nasdaq rose 10 points to 2858. First time applications for unemployment benefits fell more than expected but planned job cuts climbed in January to a four month high. The markets opened flat with the Dow edging up a point to 12,717. Nasdaq rose 10 points to 2858.

On the upside

First quarter earnings surged for Green Mountain Coffee Roasters (Nasdaq: GMCR) to surpass analyst expectations by a wide margin due to strong holiday sales. 


Electronic Arts (Nasdaq: EA) narrowed third quarter losses more than expected as revenue rose.

 

Gap (NYSE: GPS) reported a smaller than expected drop in January same store sales and forecast fourth quarter earnings ahead of estimates.


On the downside


SandRidge Energy (NYSE: SD) will pay approximately $1.27 billion in cash and stock to acquire Dynamic Offshore Resources.  


Abercrombie & Fitch (NYSE: ANF) warned that fourth quarter earnings and revenue will fall short of analyst expectations. 

  

Ann (NYSE: ANN) blamed lower sales at its pricier Ann Taylor stores for cutting its fourth quarter revenue guidance and named a new president for its Ann Taylor brand.

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 more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 809.

]]> Facebook To Raise $5 Billion, Markets Close Higher tag:blog.marketminute.com,2012:/financial_market_updates//2.11826 2012-02-01T22:43:46Z 2012-02-01T22:48:56Z Facebook filed today to raise $5 billion through an initial public offering. The markets closed higher with the Dow gaining 83 points to 12,716. Nasdaq soared 34 points to 2848. Facebook filed today to raise $5 billion through an initial public offering. The markets closed higher with the Dow gaining 83 points to 12,716. Nasdaq soared 34 points to 2848.

On the upside

Aspen Technology (Nasdaq: AZPN) swung to a second quarter profit that surpassed analyst expectations by a wide margin. 


Marathon Petroleum (NYSE: MPC) posted a loss for the fourth quarter and announced that it was exploring strategic alternatives to increase shareholder value.

 

Fourth quarter earnings for AOL (NYSE: AOL) tumbled but the results beat expectations.


On the downside


PetroQuest Energy (NYSE: PQ) provided a production update and announced a capital budget of $90 million to $100 million for 2012.  


Medical Properties Trust (NYSE: MPW) reported higher fourth quarter funds from operations but the results missed estimates and the real estate investment trust announced a public offering of common stock. 

  

Hawaiian Airlines (Nasdaq: HA) blamed higher fuel expenses for sharply lower fourth quarter earnings.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 16 points to 809.

]]> Construction Spending Climbs, Markets Advance tag:blog.marketminute.com,2012:/financial_market_updates//2.11824 2012-02-01T17:50:36Z 2012-02-01T17:52:24Z The markets traded higher during the midday with the Dow leaping 134 points to 12,767 as construction spending climbed in December. Nasdaq surged 36 points to 2849. The markets traded higher during the midday with the Dow leaping 134 points to 12,767 as construction spending climbed in December. Nasdaq surged 36 points to 2849.

On the upside

Whirlpool (NYSE: WHR) reported higher fourth quarter earnings and forecast 2012 profit ahead of estimates. 


Manitowoc (NYSE: MTW) reversed year ago losses to post a better than expected profit for the fourth quarter as revenue climbed.

 

Fourth quarter earnings rose for Fortinet (Nasdaq: FTNT) to top analyst estimates as revenue climbed.


On the downside


JDA Software Group (Nasdaq: JDAS) fell to a loss for the fourth quarter and announced that the Securities and Exchange Commission requested financial information from the enterprise software solutions company.  


Fourth quarter earnings fell for Unisys (NYSE: UIS) as revenue dropped. 

  

Amazon.com's earnings miss weighed down shares of Chinese online retailer e-Commerce China Dangdang (NYSE: DANG).

In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 807.

]]> Rise In Global Manufacturing Lifts Markets tag:blog.marketminute.com,2012:/financial_market_updates//2.11823 2012-02-01T15:39:47Z 2012-02-01T15:40:42Z Global manufacturing activity increased to lift the markets to a higher open with the Dow soaring 138 points to 12,771. Nasdaq gained 20 points to 2834. Global manufacturing activity increased to lift the markets to a higher open with the Dow soaring 138 points to 12,771. Nasdaq gained 20 points to 2834.

On the upside

Seagate Technology (Nasdaq: STX) reported second quarter earnings that more than tripled to surpass analyst expectations by a wide margin. 


Dendreon (Nasdaq: DNDN) named John H. Johnson of Savient Pharmaceuticals (Nasdaq: SVNT) to the position of president and chief executive officer.

 

Corinthian Colleges (Nasdaq: COCO) reversed year ago losses to post a better than expected profit for the second quarter and forecast current quarter results ahead of estimates.


On the downside


Fourth quarter earnings fell sharply for Amazon.com (Nasdaq: AMZN) as expenses soared, revenue missed expectations by a wide margin and the online retailer forecast disappointing first quarter results.  


Quicksilver Resources (NYSE: KWK) will spend approximately $370 million for drilling and completion and related oil and gas activities in 2012. 

  

C. H. Robinson Worldwide (Nasdaq: CHRW) reported higher fourth quarter earnings but the results fell short of expectations as expenses climbed.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 801.

]]> Economic Data Weighs Down Markets tag:blog.marketminute.com,2012:/financial_market_updates//2.11818 2012-01-31T21:53:47Z 2012-01-31T21:54:49Z Lower home prices along with a drop in consumer confidence weighed the markets down to a lower close with the Dow slipping 20 points to 12,632. Nasdaq added a point to 2813. Lower home prices along with a drop in consumer confidence weighed the markets down to a lower close with the Dow slipping 20 points to 12,632. Nasdaq added a point to 2813.

On the upside

MicroStockProfit.com issued a research report on FriendFinder Networks (Nasdaq: FFN). 


A Seeking Alpha contributor affirmed a Strong Buy rating for Gafisa (NYSE: GFA).

 

Parexel International (Nasdaq: PRXL) reported lower second quarter earnings but revenue climbed and the company's backlog increased.


On the downside


MannKind (Nasdaq: MNKD) will sell $50 million worth of stock and warrants through a public offering.  


Rex Energy (Nasdaq: REXX) announced a public offering of 7 million common shares. 

  

Waddell & Reed (NYSE: WDR) disappointed with lower fourth quarter earnings that fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 792.

]]> Consumer Confidence Falls Unexpectedly, Markets Drop tag:blog.marketminute.com,2012:/financial_market_updates//2.11813 2012-01-31T19:21:45Z 2012-01-31T19:24:03Z The markets turned negative in midday trading with the Dow losing 42 points to 12,611 as consumer confidence unexpectedly fell in December. Nasdaq eased a fraction to 2811. The markets turned negative in midday trading with the Dow losing 42 points to 12,611 as consumer confidence unexpectedly fell in December. Nasdaq eased a fraction to 2811.

On the upside

The Food and Drug Administration approved Vertex Pharmaceuticals' (Nasdaq: VRTX) cystic fibrosis treatment Kalydeco. 


Shares of electronic payment solutions firm VeriFone Systems (NYSE: PAY) climbed on news that MasterCard (NYSE: MA) would introduce new credit cards with EMV technology.

 

ICICI Bank (NYSE: IBN) reported sharply higher third quarter earnings that beat analyst expectations.


On the downside


Fourth quarter earnings for Gentex (Nasdaq: GNTX) rose but the results fell short of analyst expectations.  


DA Davidson downgraded Polypore International (NYSE: PPO) to an Underperform rating. 

  

Tellab (Nasdaq: TLAB) narrowed fourth quarter losses but the communications equipment maker announced the elimination of 530 jobs.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 791.

]]> Flat Open As Home Prices Drop tag:blog.marketminute.com,2012:/financial_market_updates//2.11812 2012-01-31T14:44:21Z 2012-01-31T15:35:36Z The markets opened flat with the Dow edging up a fraction to 12,654 as home prices dropped and consumer confidence slipped. Nasdaq added 4 points to 2816. The markets opened flat with the Dow edging  up a fraction to 12,654 as home prices dropped and consumer confidence slipped. Nasdaq added 4 points to 2816.

On the upside

ARM Holdings (Nasdaq: ARMH) reported higher fourth quarter earnings as sales climbed to beat expectations. 


U. S. Steel (NYSE: X) narrowed fourth quarter losses as revenue rose to surpass estimates.

 

Fourth quarter earnings rose for Mattel (Nasdaq: MAT) to top analyst expectations prompting the toymaker to raise its dividend.


On the downside


RadioShack (NYSE: RSH) warned of sharply lower fourth quarter earnings that will fall far short of analyst expectations and suspended its stock repurchase program.  


Second quarter earnings plunged for Archer Daniels Midland (NYSE: ADM) to miss expectations by a wide margin due to a significant impairment charge. 

  

Lexmark International (NYSE: LXK) reported lower fourth quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq.

]]> Markets Close Lower Over Greek Debt Concerns tag:blog.marketminute.com,2012:/financial_market_updates//2.11807 2012-01-30T21:44:21Z 2012-01-30T21:45:23Z The markets recovered earlier losses in afternoon trading but ended the session lower with the Dow slipping 6 points to 12,653 as the Greek debt crisis continued to weigh on investors. Nasdaq lost 4 points to 2811. The markets recovered earlier losses in afternoon trading but ended the session lower with the Dow slipping 6 points to 12,653 as the Greek debt crisis continued to weigh on investors. Nasdaq lost 4 points to 2811.

On the upside

Citigroup expects GTx (Nasdaq: GTXI) to report positive results next year for a Phase III clinical trial of its cancer related muscle wasting treatment Ostarine and lifted its price target on the biopharmaceutical to $19 per share. 


Comstock Resources (NYSE: CRK) reported a 25% increase in proved oil and natural gas reserves last year.

 

Shares of InvenSense (NYSE: INVN) continued rising after posting sharply higher third quarter earnings last week that surpassed analyst expectations by a wide margin.


On the downside


Hyperdynamics (NYSE: HDY) will raise approximately $30 million through a registered direct offering.  


The Food and Drug Administration approved the skin cancer treatment Erivedge which is made by Curis (Nasdaq: CRIS) and Genentech but the stock price fell. 

  

Globe Specialty Metals (NYSE: GSM) warned of lower second quarter earnings.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 792.

]]> Still No Deal For Greece, Markets Tumble tag:blog.marketminute.com,2012:/financial_market_updates//2.11802 2012-01-30T18:24:59Z 2012-01-30T18:26:10Z Greece's failure to finalize a deal with creditors sent the markets down during the midday with the Dow tumbling 82 points to 12,577. Nasdaq lost 13 points to 2803. Greece's failure to finalize a deal with creditors sent the markets down during the midday with the Dow tumbling 82 points to 12,577. Nasdaq lost 13 points to 2803.

On the upside

A Seeking Alpha contributor wrote that Arena Pharmaceuticals (Nasdaq: ARNA) has an upside potential of 300% in 2012. 


Shares of Chinese social networking site Renren (NYSE: RENN) surged over reports that Facebook may file for for its initial public offering this Wednesday.

 

The Wall Street Journal reported that Delta Air Lines (NYSE: DAL) may be exploring the possible acquisition of US Airways (NYSE: LCC).


On the downside


The Federal Trade Commission sued to block Omnicare's (NYSE: OCR) $440.8 million acquisition of PharMerica (NYSE: PMC).  


Emcore (Nasdaq: EMKR) announced a one for four reverse stock split. 

  

TheStreet upgraded YPF Sociedad Anonima (NYSE: YPF) to a Buy rating but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 791.

]]> Greek Debt Weighs Markets Down To Lower Open tag:blog.marketminute.com,2012:/financial_market_updates//2.11801 2012-01-30T14:40:58Z 2012-01-30T15:31:58Z Greece continued struggling with its debt problems to weigh the markets down to a shapely lower open with the Dow plunging 108 points to 12,55. Nasdaq tumbled 28 points to 2787. Greece continued struggling with its debt problems to weigh the markets down to a shapely lower open with the Dow plunging 108 points to 12,55. Nasdaq tumbled 28 points to 2787.

On the upside

Gores Group will take Pep Boys - Manny, Moe & Jack (NYSE: PBY) private for approximately $791 million in cash. 


ABB will pay approximately $3.9 billion in cash to acquire Thomas & Betts (NYSE: TNB).

 

The Food and Drug Administration approved Amylin Pharmaceuticals' (Nasdaq: AMLN) diabetes treatment Bydureon on Friday.


On the downside


Cell Therapeutics (Nasdaq: CTIC) withdrew the New Drug Application for its non-Hodgkin's lymphoma treatment Pixuvri.  


Gannett (NYSE: GCI) reported sharply lower fourth quarter earnings as revenue dropped. 

  

StemCells (Nasdaq: STEM) reported upbeat preclinical data that its purified human neural stem cells preserved vision in an animal model of retinal disease but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 9 points to 789.

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