The unofficial closing bells put the DJIA up about 16 points to 13,194.10(0.12%), the NASDAQ rose less than 1 point (0.03%) to 3,040.73, and the S&P 500 fell -0.12% or about 2 points to 1,394.28.
There were several analyst upgrades and downgrades today, including General Electric Co. (NYSE: GE) maintained as ‘outperform’ at Credit Suisse; Juniper Networks Inc. (NYSE: JNPR) cut to ‘market perform’ at BMO; Vodafone Group plc (NASDAQ: VOD) cut to ‘underperform’ at BNP Paribus; Chevron Corp. (NYSE: CVX) maintained as ‘outperform’ but estimates lowered at Credit Suisse; and Anadarko Petroleum Corp. (NYSE: APC) raised to ‘buy’ at Stifel Nicolaus.
Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Energy Solutions Inc. (NYSE: ES) is up 2% at $4.54; FXCM Inc. (NYSE: FXCM) is up 10% at $11.55; Global Ship Lease Inc. (NYSE: GSL) is down -7.3% at $3.18; Marcus Corp. (NYSE: MCS) is down -1.5% at $12.31; and Anacor Pharmaceuticals Inc. (NASDAQ: ANAC) is up 2.5% at $5.73.
Other standouts from today include the following stocks:
Helios & Matheson Information Technology Inc. (NASDAQ: HMNY) is up more than 87% at $5.33 after posting a new 52-week high of $7.00 earlier today. The business software company posted a surprise profit for fiscal 2011.
Endocyte Inc. (NASDAQ: ECYT) is up nearly 58% at $5.87. The drug maker posted better-than-expected quarterly and annual results last night.
SciClone Pharmaceuticals Inc. (NASDAQ: SCLN) is up about 22% at $6.39 after posting a new 52-week high of $6.97 earlier. The biopharmaceutical company beat estimates and provided a strong outlook for 2012.
Pacific Sunwear of California Inc. (NASDAQ: PSUN) is down nearly -18% at $2.06. The apparel maker posted a larger than expected loss last night. More coverage here.
Guidewire Software Inc. (NYSE: GWRE) is up more than 17% at $30.09 after posting a new 52-week high of $32.79 earlier today. The business software company announced a new contract this morning.
NuPathe Inc. (NASDAQ: PATH) is up nearly 20% at $3.91. The biotechnology company’s transdermal patch for migraine sufferers got a strong review from a financial web site today.
Federal Signal Corp. (NYSE: FSS) is up more than 22% at $5.61. The specialty truck maker posted better-than-expected revenues this morning.
Sterling Construction Co. Inc. (NASDAQ: STRL) is down more than -16% at $8.58 after posting a new 52-week low of $8.57 earlier today. The construction firm posted an unexpectedly weak earnings report this morning.
Stay tuned for Thursday. We have noted the following events on the schedule (all times Eastern):
- 8:30 a.m. – New US unemployment benefits claims
- 8:30 a.m. – Producer price index
- 8:30 a.m. – Empire State manufacturing index
- 9:00 a.m. – Treasury International Capital (TIC) report
- 10:00 a.m. – Philadelphia Fed survey
- 10:30 a.m. – EIA weekly natural gas storage report
- 4:30 p.m. – Federal Reserve balance sheet and money supply
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Paul Ausick
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