Midday movers: DreamWorks, Netflix

Stocks are slightly lower despite better-than-expected February retail sales figures.

By MSN Money Partner Mar 13, 2013 1:47PM
logoWall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Boeing (BA) shares were virtually unchanged in spite of the Federal Aviation Administration giving initial approval to the company's proposed package of fixes for batteries on its 787 Dreamliners and allowing the company to resume some test flights of the jets.

VMware (VMW) advanced after revising its revenue forecast for this year to account for its contribution of assets to a new company, Pivotal, which it will co-own with its parent EMC (EMC). VMware also said it expects revenue growth to accelerate after this year and shares advanced 8%, while EMC gained nearly 3%.

Shares of Silver Spring Networks (SSNI), which provides hardware and software for electrical "smart" grids, jumped about 28% from their initial offering price of $17 in their first day of trading.

Among the notable gainers was DreamWorks (DWA), which rose 8% after research firm Stifel Nicolaus raised its rating on the stock to "hold" from "sell," citing increased expectations for the upcoming movie "Croods." 

Also higher were shares of Netflix (NFLX), which gained almost 6% after the company announced that its U.S. members can integrate the service with their Facebook (FB) accounts starting today. 

Among the noteworthy losers was Spectrum Pharmaceuticals (SPPI), which plunged 35% after the company guided to FY13 revenue far below Street estimates and Credit Suisse lowered its price target on the stock to $7 from $15. Also lower were shares of Velti (VELT), which declined 26% and was downgraded at Raymond James, RBC Capital and Jefferies following its quarterly report. 
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.

104
104 rated 1
252
252 rated 2
457
457 rated 3
639
639 rated 4
495
495 rated 5
538
538 rated 6
704
704 rated 7
503
503 rated 8
350
350 rated 9
140
140 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
UPLULTRA PETROLEUM Corp10
EOGEOG RESOURCES Inc10
TAT&T Inc9
COPCONOCOPHILLIPS9
DVNDEVON ENERGY CORPORATION9
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.