Midday movers: Comverse, SourceFire

Stocks are sharply higher amid positive readings from two separate jobs reports.

By MSN Money Partner Nov 1, 2012 1:36PM
Wall Street sign copyright Corbis, SuperStock Information provided by Theflyonthewall.com

Among the automakers issuing their October reports, Chrysler (FIATY) said U.S. sales rose 10%, General Motors' (GM) sales grew 4.7% and Ford's (F) sales increased fractionally.

Also, Ford appointed Mark Fields, president of its Americas unit, as Chief Operating Officer, setting him up to succeed CEO Alan Mulally, who will retire no sooner than the end of 2014.

Among the notable gainers were JDA Software (JDAS), up 17% after agreeing to be taken over by New Mountain Capital for $45 per share, and SourceFire (FIRE), up 12% following its quarterly earnings and full year guidance, which both beat analysts' expectations.

Among the noteworthy losers were Comverse (CMVT), down 47% as it was downgraded to "sector perform" at RBC Capital following the company's spin-off of CNSI, and Abiomed (ABMD), down 30% after its adjusted earnings beat forecasts but it also disclosed that the U.S. Attorney's Office for the District of Columbia is conducting an investigation of the company's marketing and labeling of a drug.
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.

133
133 rated 1
286
286 rated 2
441
441 rated 3
737
737 rated 4
614
614 rated 5
606
606 rated 6
621
621 rated 7
441
441 rated 8
317
317 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
BBBYBED BATH & BEYOND INC10
TWXTIME WARNER Inc10
COPCONOCOPHILLIPS9
HDHOME DEPOT Inc9
VZVERIZON COMMUNICATIONS9
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.