Midday movers: Facebook, Office Depot, Nokia

Stocks are higher as investors anxiously await the European Central Bank meeting Thursday and the Fed's meeting next week.

By MSN Money Partner Sep 5, 2012 1:06PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

FedEx (FDX) shares slid a bit over 1% after the company lowered its Q1 EPS view to $1.37 to $1.43 from its initial forecast of $1.45 to $1.60. The company attributed its shortfall to weakness in the global economy, which "constrained revenue growth at FedEx Express more than expected."

Shares of United Parcel Service (UPS) declined nearly 2% in sympathy.

Facebook (FB) gained over 4% after its CEO Mark Zuckerberg pledged not to sell any of his shares for at least 12 months.

Among the notable gainers Wednesday were Office Depot (ODP), up 12% after the company affirmed its FY12 outlook while presenting at an investor conference, and Guidewire Software (GWRE), up nearly 10% after its Q4 results beat consensus on the top and bottom line.

Among the noteworthy losers was Francesca's (FRAN), down 15% following the resignation of the company's CEO, and Nokia (NOK), down about 10% as investors sold-off shares following the unveiling of its latest Lumia smartphones, to be powered by Microsoft's (MSFT) Windows Phone 8. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
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.

112
112 rated 1
270
270 rated 2
444
444 rated 3
693
693 rated 4
637
637 rated 5
692
692 rated 6
615
615 rated 7
498
498 rated 8
265
265 rated 9
126
126 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD 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.