Midday movers: McDonald's, LinkedIn, Nuance

Stocks are higher after report shows trade deficit shrank in December.

By MSN Money Partner Feb 8, 2013 2:36PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

In spite of reporting that its global same-store sales fell 1.9% in January, shares of McDonald's (MCD) rose about 0.7% near midday. The company's comparable sales were down during the month in the Asia-Pacific region and in Europe, but were up nearly 1% in the U.S.

Among the notable gainers was Caesar's Entertainment (CZR), which rose another 25% after being up nearly 19% in yesterday's session. Also higher were shares of LinkedIn (LNKD), up 21%, and Activision Blizzard (ATVI), up 12% after earnings reports that prompted analyst upgrades. 

On the flip side, shares of Nuance (NUAN) slid 19% and Riverbed (RVBD) declined 18% after their earnings reports were catalysts for multiple Street downgrades. 
Tags: ATVICZRLNKDMCDNUANRVBD
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