Medivation Inc. (NASDAQ: MDVN) surged this morning with heavy volume after the company made the announcement that they entered into global agreement to co-develop investigational drug for treatment of Alzheimer, with Pfizer.

MDVN currently trading with a gain of +7.16% at $29.90


Corning Incorporated (NYSE: GLW) gapped down this morning after lowering third quarter earnings to 43c-45c and revenue estimates to $1.58B - $1.62B, down from $0.48 to $0.51 on expected revenue range from $1.58 to $1.62. The company also revised its third-quarter gross margin expectation from at least 50% to about 47%. The company believes that the US LCD-TV sales remain strong as prices decline. The stock was trading lower by ten percent and recovered during the course of trading. Corning is currently trading lower by 5.65% at $17.69 on heavy volume.


ConAgra Foods (NYSE:CAG) made an earnings announcement yesterday that the underperformance in the Consumer Foods segment will negatively impact its fiscal 2009 first quarter diluted EPS from continuing operations. The company lowered their earnings estimate to $0.26 to $0.28 range per diluted share.

Merrill Lynch downgraded ConAgra Foods to 'Underperform' from Buy this morning.  Soleil initiated coverage with hold ratings and JP Morgan downgraded the shares to neutral from overweight.

CAG is currently rated at B or Hold by iStockAnalyst computerized scan.

CAG recovered from morning low of $19.49 and is currently trading lower by 5.66% at $19.95 on heavy volume.


Joy Global (NASDAQ: JOYG), the worldwide leader in high-productivity mining reported Q3 earnings of $0.81 vs. consensus $0.88. The stock tumbled after the earnings announcement and traded lower since. The company increased its EPS guidance for its 2008 to $3.37-$3.53 from its previous guidance of $3.15-$3.30. The increased guidance reflects 22c per share of gains from foreign tax credits.

JOYG is rated as Avoid by iStockAnalyst computerized scan.

JOYG currently trading lower by 20.51% at $52.12 on heavy volume.