Midday movers: Discover, Tempur-Pedic

Stocks rise as hopes for more stimulus from China and a decline in US jobless claims offset some disappointing domestic data.

By MSN Money Partner Sep 27, 2012 1:26PM
Image, Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Discover (DFS) reported earnings and revenue that beat consensus and said on its conference call that it sees meaningful room to increase its dividend over time. Shares advanced, as did those of Progress Software (PRGS) which also reported better-than-expected​ earnings.

In contrast, McCormick (MKC) beat earnings expectations and raised its earnings guidance, but its revenue fell short of consensus and shares dropped about 2%.

Among the notable market gainers Thursday was Tempur-Pedic (TPX), up 18% after the company agreed to acquire rival Sealy Corporation (ZZ) for $2.20 per Sealy share. Sealy advanced as well, rising about 3% to $2.21 near noon. 

Among the noteworthy market losers were Peregrine Pharmaceuticals (PPHM), down 34% after disclosing that it received a notice of default from some of its lenders, and Cepheid (CPHD), down over 9% after the company lowered its Q3 revenue outlook due to supply issues.


Tags: CPHDDFSMKCPPHMTPX
< Back to Top Stocks
User Picture
Write a comment...
0Comments

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.

131
131 rated 1		262
262 rated 2		442
442 rated 3		601
601 rated 4		718
718 rated 5		587
587 rated 6		610
610 rated 7		456
456 rated 8		279
279 rated 9		124
124 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
ABTAbbott Laboratories10
AIGAmerican International Group Inc10
ATVIActivision Blizzard Inc10
CACA Inc10
CSCOCisco Systems Inc10
More

LATEST POSTS

2 tech stocks explain this market

Investors see value in Hewlett-Packard and growth in ChannelAdvisor.

FIDELITY VIEWPOINTS

Fidelity Brokerage Services, Member NYSE, SIPC. (c) 2011 FMR LLC. All rights reserved

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.