Join        Login             Stock Quote
Top News :  

U.S. Stocks Slip Amid Mixed Earnings; Hot Stocks: IBM, INTC, YHOO, QCOM, EBAY, HAL, GNW, CREE, CHK, SXCI, CHSI
By: iStockAnalyst   Wednesday, April 18, 2012 4:56 PM
(NYSE:HAL) added 4.62 percent after the oilfield services company posted better-than-expected quarterly earnings, spurred by double-digit revenue growth at all of its regions.

Chesapeake Energy Corp. (NYSE:CHK) shed 5.54 percent after Reuters reported that CEO, Aubrey McClendon, has borrowed up to $1.1 billion in loans to finance stakes in Chesapeake's wells and then using those same stakes as collateral for more loans.

SXC Health Solutions Corp. (Nasdaq: SXCI) jumped 11.33 percent after the provider of pharmacy benefit management (PBM) services agreed to acquire Catalyst Health Solutions Inc. (Nasdaq: CHSI) for around $4.4 billion in cash and stock to boost its presence in prescription drug claims business. CHSI shares soared 34.14 percent.

Cree Inc. (Nasdaq:CREE) slumped 6.05 percent after the LED lighting maker guided fourth quarter below analysts' expectations. It sees adjusted earnings per share 20 cents to 26 cents, while analysts' expects 28 cents per share.
United Rentals Inc. (NYSE:URI) surged 11.83 percent after the construction-equipment rental company reported quarter revenue of $656 million, topping expectations of $610 million.

Genworth Financial Inc. (NYSE:GNW) plunged 23.77 percent after the life insurer and mortgage insurer postponed the initial public offering of its Australian unit.

Berkshire Hathaway Inc. (NYSE: BRK.B) said Chief Executive Warren Buffett has been diagnosed with stage 1 prostate cancer but his condition is not life-threatening. Shares lost 1.26 percent.

Seagate Technology Plc (Nasdaq:STX) added 3.84 percent following its earnings report.

Global Markets:

The European markets retreated sharply, with Germany's DAX losing 1.01 percent to finish at 6,732.03. France's CAC40 slumped 1.59 percent to close at 3,240.29. Britain's FTSE 100 dipped 0.38 percent to end at 5,745.29.
Asian markets ended in green. The Shanghai Composite Index rose 1.96 percent to end at $2,380.85. Hong Kong's Hang Seng gained 1.06 percent to close at 20,780.73. Japan's Nikkei 225 rallied 2.14 percent to close at 9,667.26. India's BSE Sensex finished at 17,392.39, up 0.20 percent.

Market Scan:

Crude oil dropped 1.43 percent to $104.71 per barrel, and natural gas futures edged 0.05 percent lower to $1.950 per million metric British thermal units. Gold shed 0.60 percent to $1,641.20 per ounce, and silver dipped 0.33 percent to $31.57 per ounce.
In the currency market, the euro dipped 0.05 percent against the U.S. dollar to $1.3120. The British pound added 0.60 percent against the greenback to 1.6020, and the dollar advanced 0.53 percent against the Japanese yen to 81.2700.

<< Previous Page  1
Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:


Related Press Releases
Popular Articles
Recent Articles by iStockAnalyst

Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 800 contributors and press releases, SEC filings and full text news from thousands of sources.

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.