Midday movers: Wal-Mart, Facebook, DreamWorks

Stocks are down, giving back some of the 4% advance seen last week by both the S&P and Nasdaq.

By MSN Money Partner Nov 26, 2012 2:34PM
Image, Wall Street sign copyright Corbis, SuperStockMcGraw-Hill (MHP) confirmed it reached a deal to sell its education business to Apollo Global Management (APO) for $2.5 billion. McGraw-Hill, which said it will be renamed McGraw Hill Financial after the sale closes, saw its shares rise about 2% after trading resumed following the deal announcement.  

A number of major retailers, including Wal-Mart (WMT), Target (TGT) and Macy's (M), traded lower despite estimates from the National Retail Federation that consumer spending over the Thanksgiving weekend increased 13% from a year ago. 

Two tech names benefited from some positive analyst commentary as Facebook (FB) shares rose nearly 8% after Bernstein upgraded the stock to "outperform" and BTIG raised its rating on the name to "neutral." 

Also, Yahoo (YHOO) was upgraded to "conviction buy" from "buy" at Goldman and shares responded by advancing about 1%. 

Among the notable gainers were Anadigics (ANAD), up 17% following an upgrade to "buy" at Needham, and Zhongpin (HOGS), up 15% after agreeing to "go private" for a $13.50 per share. Among the noteworthy losers was Aeropostale (ARO), which slid almost 7% following a downgrade to "neutral" at Janney Capital. 

Also lower were shares of DreamWorks (DWA), down over 5% after the stock was downgraded at Caris and Goldman said its estimates could be at risk due to the box office under-performance of "Rise of the Guardians."
Tags: ANADAPOAPOLARODWAFBMMHPTGTWMTYHOO
< Back to Top Stocks
User Picture
Write a comment...
0Comments

MORE ON MSN MONEY

DATA PROVIDERS

Copyright © 2013 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.

137
137 rated 1		298
298 rated 2		469
469 rated 3		654
654 rated 4		591
591 rated 5		592
592 rated 6		690
690 rated 7		490
490 rated 8		318
318 rated 9		150
150 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
NRGNRG Energy Inc9
STEIStewart Enterprises9
MRVLMarvell Technology Group Ltd8
ONNNON Semiconductor Corporation8
DHID.R Horton Inc8
More

LATEST POSTS

3 top stocks for bond sellers

Technology and small caps should be attractive to investors worried about fixed income.

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.