Midday movers: Exxon Mobil, SanDisk, Yelp

Stocks are higher and the S&P crossed above 1,700 for the first time after jobless claims fell to lowest level in nearly 6 years.

By MSN Money Partner Aug 1, 2013 1:53PM
copyright SuperStock, CorbislogoInformation provided by Theflyonthewall.com

Exxon Mobil (XOM) slid 2% after reporting second quarter earnings per share that came in well short of the consensus analyst estimate. Another giant, Procter & Gamble (PG), rose a bit over 1% after its "core" earnings beat expectations and the company guided for core EPS to grow 5% to 7% in the coming fiscal year. 

Among the notable gainers was SanDisk (SNDK), which rose 4% after the company initiated a quarterly dividend of 22.5 per share and authorized $2.5B in additional stock repurchases. 

Also higher following their earnings reports were Trulia (TRLA), which gained 26%, and Yelp (YELP), which advanced 23%. 

Among the noteworthy losers was Halozyme Therapeutics (HALO), which sunk 18% after its partner ViroPharma (VPHM) discontinued a Phase 2 study of a drug following discussion with the FDA. ViroPharma shares also fell over 6% after the news. 

Lower following their earnings reports were Sally Beauty (SBH), down 11%, and BJ's Restaurants (BJRI), which fell 9%. 
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.

114
114 rated 1
280
280 rated 2
473
473 rated 3
639
639 rated 4
637
637 rated 5
662
662 rated 6
640
640 rated 7
498
498 rated 8
287
287 rated 9
121
121 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
COPCONOCOPHILLIPS9
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
KOGKODIAK OIL & GAS Corp9
CVXCHEVRON CORPORATION8
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.