Midday movers: Salesforce.com, Deere

Stocks are higher in a pre-holiday session marked by little corporate news but a fair amount of economic data.

By MSN Money Partner Nov 21, 2012 2:22PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Salesforce.com's (CRM) Q3 results beat on the top and bottom lines, and RW Baird and Wells Fargo reiterated their "outperform" ratings on the stock following the report. Shares advanced 8%. 

Conversely, Deere (DE) shares slumped 4% after its earnings missed expectations, as did its guidance for the coming year.

Among the notable gainers was Sketchers (SKX), rising 12% after Susquehanna upgraded the stock to "positive" from "neutral," citing valuation and product momentum. 

Also higher were shares of Sequenom (SQNM), up 11% after a committee of the American College of Obstetricians and Gynecologists recommended that cell-free fetal DNA testing be offered to certain at-risk patients. 

Among the noteworthy losers following their earnings reports were Zale (ZLC), down over 28%, and Tilly's (TLYS), down 17%. Also lower was St. Jude Medical (STJ), which fell 14% after an FDA inspection report cited serious flaws in its oversight of design changes in its Durata line of defibrillator leads.
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