Midday movers: Dell, H-P, Qihoo
Stocks fall as investors await Federal Reserve minutes.
Information provided by Theflyonthewall.com
Dell (DELL) fell almost 7% after its earnings beat expectations but the company provided downbeat guidance.
Shares of peer and Dow component Hewlett-Packard (HPQ) were weighed on by Dell's cautious outlook and slipped 3% ahead of its own report, due out after the bell.
Among others reporting earnings, Williams-Sonoma (WSM), Chico's FAS (CHS) and Toll Brothers (TOL) advanced while Analog Devices (ADI) and Express (EXPR) declined.
Mining major BHP Billiton (BHP) decided to delay its major Olympic Dam open-pit expansion project and said it expects no major projects to be approved by FY13 as the company suffered its its first drop in annual profit in three years.
Among the notable gainers Wednesday were Sunrise Senior Living (SRZ), up 59%, after agreeing to be acquired by Health Care REIT (HCN) for $14.50 per share in cash, and Qihoo 360 (QIHU), up nearly 9%, following its earnings report and commentary about the potential of its newly launched search engine.
Among the noteworthy losers were Wet Seal (WTSLA), down 11%, after the company's revenue and guidance missed consensus but it also said its strategic oversight committee would evaluate "potential strategic initiatives," and Clearwire (CLWR), down about 8%, as RBC Capital downgraded the stock to "underperform."
MORE ON MSN MONEY
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.
Try as the bears might, they couldn't break US stocks. But investors still face frothy prices and considerable headwinds.
VIDEO ON MSN MONEY
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.