Midday movers: Verizon, Travelers, AmEx

Stocks are mixed as investors pore over quarterly earnings, jobless claims, manufacturing data and leading economic indicators.

By MSN Money Partner Oct 18, 2012 1:04PM
logoWall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Among Dow components reporting after the bell Wednesday night and before Thursday's open, Verizon (VZ) and Travelers (TRV) both advanced over 3%, while American Express (AXP) was the worst-performing member, sliding over 2% after its report.

Morgan Stanley (MS) reported better adjusted earnings and revenue than analysts expected, though its results were clouded by charges related to its debt valuation adjustment,  as well as its newly implemented model for evaluating its value-at-risk.

Among the notable gainers was Orient-Express Hotels (OEH), up over 25% after Indian Hotels offered $12.63 per share for the Orient-Express stock it does not already own. 

Also higher were shares of Given Imaging (GIVN), up 18% after saying it is exploring strategic alternatives, including a possible merger or sale. 

Among the noteworthy losers were Align Technology (ALGN), down 24% following its weaker-than-expected preliminary Q3 results and Q4 guidance, and Mellanox (MLNX), down 21% as Deutsche Bank and Credit Suisse brought down their price targets on shares after the company guided for a sequential decline in Q4 revenue.
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.

123
123 rated 1
266
266 rated 2
485
485 rated 3
660
660 rated 4
586
586 rated 5
652
652 rated 6
640
640 rated 7
504
504 rated 8
289
289 rated 9
159
159 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
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.