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
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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%. 
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