Midday movers: Macy's, Akamai, Green Mountain

After a triple-digit move lower, the Dow is now well away from the 14,000 level again and the S&P is hovering just above 1,500.

By MSN Money Partner Feb 7, 2013 2:59PM

Information provided by Theflyonthewall.com

Noted investor David Einhorn and his fund, Greenlight Capital, said a legal action has been initiated against Apple (AAPL) over the company's refusal to unbundle three distinct corporate governance proposals, alleging that the bundling breaks SEC rules.

Einhorn also said Apple rejected his idea for the creation of a "perpetual preferred stock," which he contends could unlock $32 per share for every $50 billion of preferred shares Apple issued.

A number of retailers reported double-digit increases in same-store sales in January, including Macy's (M), Kohl's (KSS) and Nordstrom (JWN). However, among those, only Macy's saw its shares trade higher, as the company also raised its Q4 EPS view by 3 cents at both ends of its prior range.

Among the notable gainers after earnings reports that spurred analyst upgrades were ViaSat (VSAT), up 22%, True Religion (TRLG), up 21%, and DeVry (DV), up 20%.

Noteworthy losers that reported disappointing quarterly results and were downgraded on Wall Street included Akamai (AKAM), down 15%, and TriQuint (TQNT), down over 11%.

Also lower after its earnings report was Green Mountain (GMCR), which slid 6% in spite of beating Q1 earnings expectations and raising its full year guidance.

Tags:

AAPLAKAMDVGMCRJWNMTQNT

< Back to Top Stocks

0Comments

DATA PROVIDERS

Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.

Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. 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 SIX Financial Information.

Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.

Feedback

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.

131	262	442	602	720	585	612	456	279	124
1	2	3	4	5	6	7	8	9	10

Top Picks

SYMBOL	NAME	RATING
ABT	Abbott Laboratories	10
AIG	American International Group Inc	10
ATVI	Activision Blizzard Inc	10
CA	CA Inc	10
CSCO	Cisco Systems Inc	10

LATEST POSTS

Ford & other U.S. automakers winning market share

In the never-ending contest for sales, American carmakers are pulling ahead.

FIDELITY VIEWPOINTS

VIDEO ON MSN MONEY

Feedback

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.

Bing Search

Top Stocks