Midday movers: HP, Boeing, Big Lots
Stocks are down on disappointing domestic and international economic data.
Information provided by Theflyonthewall.comThe Dow was weighed on by weakness from Hewlett-Packard (HPQ), which fell 6.7% after its earnings beat expectations but its profits and outlook disappointed; Intel (INTC), which declined 2% on read-through from H-P's and Dell's (DELL) poor guidance; and Boeing (BA), which slid 2.5% after Australian airline Qantas canceled its commitment for 35 787 Dreamliners
Among the notable gainers was Hain Celestial (HAIN), up nearly 20%, after reporting higher than expected fourth quarter earnings per share, giving better than expected guidance and also agreeing to purchase certain U.K. assets while divesting the Daily Bread brand and some other properties.
Also higher were shares of Towerstream (TWER), up about 15%, after DA Davidson initiated coverage of the stock with a Buy rating and $7 price target.
Among the noteworthy losers were Big Lots (BIG), down 22%, and Guess (GES), down 21%, after their disappointing reports and outlooks.
Also lower were shares of ADTRAN (ADTN), down over 6%, after Calix (CALX) purchased Ericsson's (ERIC) fiber-based broadband access solutions and the two signed a new reseller agreement.
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.
LATEST POSTS
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
FIDELITY VIEWPOINTS
- How to sell covered calls - Fidelity Investments
- Savvy year-end tax moves to consider now - Fidelity Investments
- Seven ways to prepare for tax changes
- Five reasons an annual review is crucial - Fidelity Investments
- Take a look at mid caps now - Fidelity Investments
- State of the sector: Health care - Fidelity Investments
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.
