Midday movers: Intel, Mako Surgical
Stocks are mixed as optimism about a plan to help Spain's banks is tempered by profit warnings from tech companies.
Alcoa (AA) kicked off earnings season with a report of better-than-expected revenues and predicted a global aluminum supply deficit this year. However, on a down note, AMD (AMD) and Applied Materials (AMAT) both lowered their outlooks.
Intel (INTC) made a $4.1 billion investment in chip maker ASML Holding (ASML) and will take up to a 15% stake in the company. Shares of ASML rose 9% on the heels of the announcement, though Intel shares slumped about 1.75% as it was weighed on by AMD's warning.
Among the notable gainers Tuesday are magicJack (CALL), up over 14% after raising its quarterly and full-year guidance, and Cymer (CYMI), up 9% on follow through from Intel's purchase of a stake in ASML.
Among the noteworthy losers are Mako Surgical (MAKO), down almost 40% following downgrades by at least two firms and price target cuts at others after the company lowered its robot guidance for 2012, and MBIA (MBI), down over 6%, after disclosing that New York State has not determined yet whether to allow the company to make an interest payment on certain notes that it issued.
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.
After enjoying a smooth rise in stock prices since May, investors are about to be hit with another bout of volatility.
VIDEO ON MSN MONEY
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.