CHYR Archives - Bartle Doo Article Archives

U.S. equity markets opened lower this morning after France reported a decline in industrial production and China reported consumer inflation up more than expected (more coverage here). There was no significant data reported in the U.S. today, so the weak opening eventually gave way to buying, pushing stocks into positive gains by around noon. The gains were modest with financial stocks leading the gains, while energy, technology, and telecom stocks trailed along. In Japan, the nominee for the central bank’s Board of Governors said he did not think that the current asset purchase plan was big enough to allow the country’s to reach its 2% inflation goal. The volatility index notched a six-year low today (more coverage here).

The U.S. dollar index fell 0.12% today, now at 82.589. The GSCI commodity index is up 0.3% at 648.81, with commodities prices mixed again today. WTI crude oil closed up 0.1% today, at $92.06 a barrel. Brent crude trades down 0.7% at $110.10 a barrel. Natural gas is up 0.4% today at about $3.65 per million BTUs. Gold settled up 0.1% today at $1,578.00 an ounce.

The unofficial closing bells put the DJIA up about 50 points to 14,447.22 (0.35%), the NASDAQ rose nearly 9 points (0.26%) to 3,252.87, and the S&P 500 rose 0.32% or about 5 points to 1,556.22.

There were a several analyst upgrades and downgrades today, including Best Buy Co. Inc. (NYSE: BBY) raised to ‘overweight’ at Piper Jaffray; Peabody Energy Corp. (NYSE: BTU) cut to ‘market perform’ at BMO; Smithfield Foods Inc. (NYSE: SFD) raised to ‘neutral’ at BofA/Merrill Lynch; Adobe Systems Inc. (NASDAQ: ADBE) cut to ‘neutral’ at BofA/Merrill Lynch; and ArcelorMittal (NYSE: MT) raised to ‘buy’ at UBS.

Earnings reports since markets closed last Friday resulted in several price moves today, including these: Canadian Solar Inc. (NASDAQ: CSIQ) is down 14.6% at $3.19 (more coverage here); Chyron Corp. (NASDAQ: CHYR) is up 8.6% at $0.93; and Renren Inc. (NASDAQ: RENN) is up 0.7% at $3.09.

Before markets open tomorrow morning we are scheduled to hear from CVR Energy Inc. (NYSE: CVI), Diamond Foods Inc. (NASDAQ: DMND), Fuel Cell Energy Inc. (NASDAQ: FCEL), Urban Outfitters Inc. (NASDAQ: URBN), Bon-Ton Stores Inc. (NASDAQ: BONT), and Stage Stores Inc. (NYSE: SSI)

Some standouts among high-volume stocks today include:

BlackBerry (NASDAQ: BBRY) is up 13.4% at $14.81. The mobile phone maker got a boost from an announcement that AT&T Inc. (NYSE: T) would begin accepting pre-orders tomorrow for the company’s first touchscreen phone. More coverage here.

Zynga Inc. (NASDAQ: ZNGA) is up 10.6% at $3.95. The game developer’s shares jumped this afternoon following an analyst’s comment that Yahoo! Inc. (NASDAQ: YHOO) may be interested in acquiring the company.

Dick’s Sporting Goods Inc. (NYSE: DKS) is down 10.9% at $45.11. The sporting goods retailer reported weak results and offered lower guidance than analysts were expecting. More coverage here.

Stay tuned for Tuesday. We have noted the following events on the schedule (all times Eastern):

7:30 a.m. – National Federation of Independent Business small business optimism index
11:30 a.m. …read more
Source: FULL ARTICLE at DailyFinance

By 24/7 Wall St.

Filed under: Investing

U.S. equity markets opened higher this morning mostly on the strength of a far-better-than-expected report on U.S. non-farm payrolls and a lower-than-expected unemployment rate of 7.7% (more coverage here). In Europe, German industrial production was flat while Spain’s declined a bit less than estimated. The French prime minister said the county needs to save €5 billion in spending this year, and he expects to achieve that through spending cuts. In Asia, Japan’s GDP growth for the fourth quarter was revised to flat with the previous year, again better than expected. The country also posted a small — and unexpected — trade surplus. China’s trade surplus was also larger than expected, likely due to the impact of the lunar new year holiday in February. Fitch downgraded Italy’s sovereign debt shortly after noon, briefly chilling investors (more coverage here).

The U.S. dollar index rose 0.73% today, now at 82.686. The GSCI commodity index is up 0.8% at 646.65, with commodities prices mixed today. WTI crude oil closed up 0.4% today, at $91.95 a barrel, up 1.4% for the week. Brent crude trades down 0.3% at $110.85 a barrel. Natural gas is up 1.3% today at about $3.63 per million BTUs. Gold settled up fractionally today at $1,576.90 an ounce, and up 0.3% for the week.

The unofficial closing bells put the DJIA up about 63 points to 14,392.46 (0.44%), the NASDAQ rose about 12 points (0.38%) to 3,244.35, and the S&P 500 rose 0.42% or more than 6 points to 1,550.77.

There were a several analyst upgrades and downgrades today, including Tiffany & Co. (NYSE: TIF) cut to ‘sell’ at Canaccord Genuity; Skullcandy Inc. (NASDAQ: SKUL) cut to ‘underweight’ at Piper Jaffray and cut to ‘underperform’ at Raymond James and D.A. Davidson; Time Warner Inc. (NYSE: TWX) raised to ‘buy’ with a price target of $68 at Argus; Hecla Mining Co. (NYSE: HL) raised to ‘buy’ at Global Hunter; and Apple Inc. (NASDAQ: AAPL) reiterated as ‘outperform’ with a price target of $600 at Credit Suisse.

Earnings reports since markets closed last night resulted in several price moves today, including these: Finisar Corp. (NASDAQ: FNSR) is down 8.7% at $14.46; H & R Block Inc. (NYSE: HRB) is up 9.2% at $27.27 after posting a new 52-week high of $27.50 earlier today; Pandora Media Inc. (NYSE: P) is up 17.1% at $13.74 after posting a new 52-week high of $14.70 earlier today (more coverage here); Workday Inc. (NASDAQ: WDAY) is up 0.9% at $62.20; Ann Inc. (NYSE: ANN) is up 7.7% at $31.23; and Foot Locker Inc. (NYSE: FL) is down 6.9% at $32.89 (more coverage here).

Before markets open Monday morning we are scheduled to hear from Canadian Solar Inc. (NASDAQ: CSIQ), Chyron Corp. (NASDAQ: CHYR), Dick’s Sporting Goods Inc. (NYSE: DKS), and Renren Inc. (NASDAQ: RENN).

Some standouts among high-volume stocks today include:

Pandora Media Inc. (NYSE: P) is up 17.1% at $13.74. This Internet radio company not only posted results that investors liked, the company’s CEO announced that he is leaving.

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24/7 Wall St. Closing Bell — March 11, 2013: Markets Recover Slightly from Low Open (BBY, BTU, SFD, ADBE, MT, CSIQ, CHYR, DKS, RENN, CVI, DMND, FCEL, URBN, BONT, SSI, BBRY, T, ZNGA, YHOO)

24/7 Wall St. Closing Bell — March 8, 2013: Markets Maintain Buying Trend (TIF, SKUL, TWX, HL, AAPL, FNSR, HRB, P, WDAY, ANN, FL, CSIQ, CHYR, DKS, RENN, P, VALE, VOD)

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