Midday movers: Coach, BP, Pfizer

Stocks hover near baseline as investors continue to wait on central bank statements expected later this week.

By MSN Money Partner Jul 31, 2012 12:51PM
Information provided by Theflyonthewall.com 

BP (BP) reported a steep decline in profit largely due to writedowns on the value of about $5 billion worth of assets. Among other large-cap names reporting earnings, Cummins (CMI) and Pfizer (PFE) advanced, while Archers Daniel (ADM), Ecolab (ECL), Humana (HUM) and Seagate (STX), declined.

UBS (UBS) attributed a significant loss recorded in its last quarter to the troubled Facebook (FB) IPO. The bank said it will start legal proceedings against Nasdaq OMX (NDAQ) over the stock offering. Deutsche Bank (DB) announced plans to cut about 1,900 positions, mostly outside of Germany.

Among the notable gainers were Accretive Health (AH), up 36%, after reaching a settlement deal with Minnesota's Attorney General, and Cirrus Logic (CRUS), up 22%, as both Stifel Nicolaus and Needham raised their price targets on shares following the company's higher-than-expected revenue guidance for next quarter. 

Among the noteworthy losers were Dendreon (DNDN), down 20%, amid at least three downgrades following the company's announcement of a sales force reduction, and Coach (COH), down 17%, following a downgrade at Piper Jaffray after its Q4 results. 
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.

114
114 rated 1
278
278 rated 2
474
474 rated 3
641
641 rated 4
639
639 rated 5
663
663 rated 6
640
640 rated 7
499
499 rated 8
284
284 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
COPCONOCOPHILLIPS9
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
KOGKODIAK OIL & GAS Corp9
CVXCHEVRON CORPORATION8
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.