Midday movers: Intel, B of A, Vivus

Stocks rise as housing starts climb more than expected.

By MSN Money Partner Jul 18, 2012 1:03PM
Information provided by Theflyonthewall.com

Intel
(INTC) rose nearly 4% after its Q2 earnings beat expectations, in spite of the fact that the company lowered its full-year revenue guidance, citing global economic conditions.

 In contrast, Bank of America (BAC) also beat profit expectations and touted its improving capital ratios, but shares slid almost 2%.

Among other notables reporting earnings, Honeywell (HON), Stanley Black & Decker (SWK) and Wynn Resorts (WYNN) advanced, while St. Jude Medical (STJ) and United Rentals (URI) declined.

Among the notable gainers were Vivus (VVUS), up nearly 18%, following FDA approval of its weight-loss drug, and VMware (VMW), up almost 12%, after the company named EMC (EMC) COO Pat Gelsinger as its new CEO and pre-announced better than expected Q2 results.

Among the noteworthy losers were Rovi (ROVI), down over 40%, which was downgraded by at least five firms after the company lowered its outlook for Q2 and the year, and Arena Pharmaceuticals (ARNA), down more than 8%, following the approval of Vivus' Qsymia, which may compete with Arena's lead drug.
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.

117
117 rated 1
280
280 rated 2
478
478 rated 3
656
656 rated 4
650
650 rated 5
640
640 rated 6
647
647 rated 7
482
482 rated 8
277
277 rated 9
126
126 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
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.