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Stock Market Update
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12:00 ET Dow -57.67 at 11926.22, Nasdaq -14.41 at 2704.32, S&P -6.71 at 1284.13:
[BRIEFING.COM] Stocks have stabilized since succumbing to a recent bout of selling pressure. Weakness remains widespread, though, as only telecom sports any kind of a gain. Telecom stocks are currently up a collective 0.7%.
Energy stocks remain in the worst shape. They are down 1.2%. But with a 0.9% loss, financials aren't too far behind. The financial sector has been dragged down by weakness in American Express (AXP 44.43, -1.36), which is down 3% after investors shrugged off the firm's in-line earnings results.
Regional banks were a source of weakness for the financial sector yesterday, but they are more mixed this session. KeyCorp (KEY 8.92, +0.31) is up sharply following its better-than-expected earnings report, but Regions Financial (RF 6.99, -0.31) has fallen precipitously following an upside earnings surprise of its own.
..NYSE Adv/Dec 996/1885. ..NASDAQ Adv/Dec 796/1732.
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>> Go to full Stock Market Update
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Story
Stocks®
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10:57 ET MIPS Q2 EPS Tops Expectations (MIPS) :
MIPS Tech (MIPS $13.65 -1.48) reported fourth quarter earnings of
$0.14 per share, $0.02 better than the Thomson Reuters consensus of $0.12.
Revenues rose 43.9% year-over-year to $21.9 million versus the $22.2 million
consensus.
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10:50 ET GILD Reports In-line Q4; Announces Buyback (GILD) :
Gilead Sciences (GILD $38.95 +0.79) reported fourth quarter earnings
of $0.95 per share, in-line with the Thomson Reuters consensus of $0.95.
Revenues fell 1.7% year-over-year to $2 billion versus the $1.99 billion
consensus.
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Earlier today on Story Stocks:
XRX Guides In-line (XRX) 09:50
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>> For all of today's stories, go to Story Stocks
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Up/Downgrades
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| Today's Upgrades: |
| Company |
Ticker |
Brokerage Firm |
| Symantec |
SYMC |
Jefferies |
| Amedisys |
AMED |
Jefferies |
| Universal Stainless/Alloy |
USAP |
KeyBanc Capital Mkts |
| USG |
USG |
RBC Capital Mkts |
| MarkWest Energy |
MWE |
RBC Capital Mkts |
| Global Partners |
GLP |
RBC Capital Mkts |
| Enbridge Energy |
EEP |
RBC Capital Mkts |
| Enbridge Management |
EEQ |
RBC Capital Mkts |
| Duncan Energy |
DEP |
RBC Capital Mkts |
| Family Dollar |
FDO |
RBC Capital Mkts |
| CarMax |
KMX |
RBC Capital Mkts |
| United Continental |
UAL |
Dahlman Rose |
| Smart Balance |
SMBL |
Northland Securities |
| Qualcomm |
QCOM |
Morgan Keegan |
| Netflix |
NFLX |
Morgan Keegan |
| Chico's FAS |
CHS |
FBR Capital |
| Today's Downgrades: |
| Company |
Ticker |
Brokerage Firm |
| Cardinal Financial |
CFNL |
Boenning & Scattergood |
| Exco Resources |
XCO |
KeyBanc Capital Mkts |
| Murphy Oil |
MUR |
Howard Weil |
| ITT Educational |
ESI |
Argus |
| Sunoco Logistics |
SXL |
RBC Capital Mkts |
| Niska Gas Storage |
NKA |
RBC Capital Mkts |
| Suncor Energy |
SU |
Stifel Nicolaus |
| Rosetta Resources |
ROSE |
Stifel Nicolaus |
| Pioneer Natural Resources |
PXD |
Stifel Nicolaus |
| Newfield Expl |
NFX |
Stifel Nicolaus |
| Forest Oil |
FST |
Stifel Nicolaus |
| Chesapeake Energy |
CHK |
Stifel Nicolaus |
| Canadian Natrl Res |
CNQ |
Stifel Nicolaus |
| RadioShack |
RSH |
RBC Capital Mkts |
| Beacon Roofing Supply |
BECN |
RBC Capital Mkts |
| 8x8 |
EGHT |
Northland Securities |
| Synnex |
SNX |
Kaufman Bros |
| Abercrombie & Fitch |
ANF |
FBR Capital |
| Coldwater Creek |
CWTR |
FBR Capital |
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