Midday movers: News Corp, E-Trade, Sagent
Stocks are lower despite jobless claims, which came in below expectations for a second straight week.
News Corp.'s (NWSA) stock declined fractionally after its quarterly profits matched expectations but its revenues fell short of consensus. Among other companies reporting earnings Wednesday night and Thursday morning, Seattle Genetics (SGEN), Allscripts (MDRX) and Brinker (EAT) advanced, while Monster Beverage (MNST), Kohl's (KSS) and Advance Auto Parts (AAP) declined.
Among the notable gainers were E-Trade (ETFC), up 6%, after the firing of its CEO sparked speculation that the company may be readying itself to be purchased, and Robbins & Myers (RBN), up 27%, following its acquisition by National Oilwell Varco (NOV) for $60 per share in cash.
Among the noteworthy losers were Sagent Pharmaceuticals (SGNT), down over 22%, after the company cut its revenue view and raised its loss view for the year, and Select Medical (SEM), down about 22% as well, following downgrades at Bank of America Merrill Lynch, RBC Capital, RW Baird and UBS.
Information provided by Theflyonthewall.com MORE ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
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.
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.
127 | 269 | 463 | 587 | 658 | 615 | 645 | 430 | 263 | 137 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
LATEST POSTS
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
FIDELITY VIEWPOINTS
- How to sell covered calls - Fidelity Investments
- Savvy year-end tax moves to consider now - Fidelity Investments
- Seven ways to prepare for tax changes
- Five reasons an annual review is crucial - Fidelity Investments
- Take a look at mid caps now - Fidelity Investments
- State of the sector: Health care - Fidelity Investments
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.