Midday movers: Apple, Urban Outfitters

Stocks are higher as the prospects of US military action in Syria may have decreased as the diplomatic process moves forward.

By MSN Money Partner Sep 10, 2013 1:41PM
copyright SuperStock, CorbislogoInformation provided by Theflyonthewall.com

The blue-chip Dow Jones Industrial Average will undergo its biggest shake-up in almost a decade, as Standard & Poor's announced this morning that Goldman Sachs (GS), Visa (V), and Nike (NKE) will join the 30-stock index after the close of trading on Friday, Sept. 20. The three new members will replace departing components Bank of America (BAC), Hewlett-Packard (HPQ), and Alcoa (AA).

Apple (AAPL) is expected to unveil a cheaper version of its iPhone, dubbed the iPhone 5C, along with its latest high-end phone, widely referred to as the iPhone 5S, at its event scheduled for Tuesday afternoon. Media reports have speculated for weeks as to what else the tech company may have up its sleeve, with debate as to whether the company will also reveal a new iPad and a revamped mobile operating system.

McDonald's (MCD) reported its same-store sales grew 1.9% in August, powered by a strong performance in Europe. 

Among the notable gainers was teen retailer Five Below (FIVE), which rallied nearly 17% after the company reported better than expected second quarter results. 

Also higher were shares of Inovio Pharmaceuticals (INO), which rose over 12% after the company entered into an exclusive worldwide license agreement with Roche (RHHBY). 

Among the noteworthy losers was Urban Outfitters (URBN), which fell 11% after the company disclosed in a regulatory filing that its same-store sales have been up by mid-single digits "thus far" in its fiscal third quarter.  
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

105
105 rated 1
271
271 rated 2
420
420 rated 3
633
633 rated 4
492
492 rated 5
532
532 rated 6
725
725 rated 7
515
515 rated 8
343
343 rated 9
140
140 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
UPLULTRA PETROLEUM Corp10
EOGEOG RESOURCES Inc10
SWNSOUTHWESTERN ENERGY COMPANY10
TAT&T Inc9
COPCONOCOPHILLIPS9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.