Midday movers: Facebook, PulteGroup

Stocks are mixed, with the Nasdaq supported in positive territory for the second day in a row by a post-earnings advance from one of its most high-profile members.

By MSN Money Partner Jul 25, 2013 1:09PM
copyright SuperStock, CorbislogoInformation provided by Theflyonthewall.com

It was Facebook (FB), this time, not Apple (AAPL), boosting the Nasdaq, as the social network's stock surged over 25% higher after its results beat expectations. Facebook reported earnings and revenues Wednesday night that soundly beat analysts' consensus forecast, fueled by its improved success in monetizing mobile traffic. Following its report, Facebook was upgraded by at least three firms, at least eight others raised their price targets on the shares and the stock jumped 26% in midday trading.

Among other notable companies reporting earnings Wednesday night or Thursday morning, Boston Scientific (BSX), Mead Johnson (MJN), and Visa (V) advanced, while Western Digital (WDC), United Continental (UAL), Las Vegas Sands (LVS) and General Motors (GM) all declined. 

Among the notable gainers was ONEOK (OKE), which gained 19% after its board approved a plan to separate its natural gas distribution business into a standalone publicly traded company. 

Among the noteworthy losers were a number of homebuilders following their earnings reports, including PulteGroup (PHM), which fell over 10%, and D.R. Horton (DHI), which slid 8%. 
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.

125
125 rated 1
267
267 rated 2
455
455 rated 3
612
612 rated 4
682
682 rated 5
695
695 rated 6
632
632 rated 7
472
472 rated 8
279
279 rated 9
147
147 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
VZVERIZON COMMUNICATIONS9
TAT&T Inc9
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
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.