Midday movers: Texas Instruments, First Solar, Zynga

The market rebounds on talk of more Fed stimulus, a stronger European banking union.

By MSN Money Partner Jun 12, 2012 1:10PM
Information provided by Theflyonthewall.com

Texas Instruments (TXN) shares gained over 2% after the company narrowed its range of guidance for its second-quarter revenue and profits. In its mid-quarter update the company said it is seeing growth in the U.S. and Asia but declines in Japan. The company said its communications business is up strongly in the quarter though it expects its wireless business to be down sequentially.
 
Verizon Wireless (VZ, VOD) announced new "Share Everything" plans that allow customers to share data usage among up to 10 phones and other devices.

Among the notable gainers were A123 Systems (AONE), up 38%, as the company unveiled a new lithium ion battery technology that it expects to create new opportunities for it in the transportation and telecommunications markets, and First Solar (FSLR), up over 13%, as Reuters reported that the company has ramped up production at plants in Germany to meet a surge in demand.

Noteworthy losers included Zynga (ZNGA), down nearly 11%, as Cowen said in a note to investors that a switch away from Facebook (FB) gaming and toward mobile drove the company's social gaming daily average users down for the second consecutive month, and Navistar (NAV), down about 11% as well, after an appeals court overturned an earlier EPA ruling that was favorable for the company.
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.

123
123 rated 1
262
262 rated 2
480
480 rated 3
651
651 rated 4
649
649 rated 5
629
629 rated 6
616
616 rated 7
496
496 rated 8
346
346 rated 9
111
111 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
EXCEXELON CORPORATION9
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
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.