The markets closed flat with the Dow slipping 6 points to 12,496 while Nasdaq rose 11 points to 2850. Retreating crude oil prices and stronger than expected new home sales tempered Eurozone fears.
On the upside
A Seeking Alpha contributor wrote yesterday that Westport Innovations (WPRT) had a substantially larger patent portfolio than its competitors.
Goldcorp (GG) was declared a steal by a Seeking Alpha contributor.
Talbots (TLB) extended acquisition discussions with Sycamore Partners for the second time.
On the downside
A Seeking Alpha article noted that Nokia's (NOK) cash reserves plunged by $2.1 billion over the last five quarters and analysts expect the company to burn another $2.5 billion in the next three quarters.
Ralcorp Holdings (RAH) reported lower second quarter earnings even as revenue increased.
Shares of Hugoton Royalty Trust (HGT) continued falling.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by a nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 765.
|Tue, May 21, 2013|
|06:26 PM||Dow Rises To Another Record|
|01:34 PM||Markets Advance Ahead Of Bernanke Testimony|
|10:43 AM||Mixed Open Ahead Of Apple's Testimony|
|Mon, May 20, 2013|
|06:07 PM||Investors Lock In Profits|
|03:00 PM||Profit Taking Weighs Down Markets|
|10:42 AM||Mixed Open After Records Last Week|
|Fri, May 17, 2013|
|06:22 PM||Records For Fourth Consecutive Week|
|03:02 PM||Markets Rise As Consumer Sentiment Climbs|
|10:42 AM||High Open As Consumer Sentiment Climbs|
|Thu, May 16, 2013|
|06:29 PM||Economic Data Weighs Down Markets|
|02:20 PM||Markets Rise On Upbeat Earnings|
|10:42 AM||Mixed Open As Jobless Claims Rise|
|Wed, May 15, 2013|
|06:43 PM||Record Dow Close Again|
|01:23 PM||Rise In Homebuilder Confidence Lifts Markets|
|11:30 AM||Lower Open As Factory Output Drops|
|Tue, May 14, 2013|
|06:27 PM||Another Dow Record As Investor Confidence Grows|
|01:03 PM||Investor Optimism Lifts Markets|
|10:42 AM||Higher Open On Lower Import Prices|
|Mon, May 13, 2013|
|06:07 PM||Mixed Close Over Stimulus Concerns|
|01:34 PM||Markets Mixed As Retail Sales Rise|
|10:43 AM||Stimulus May End, Markets Open Lower|
|Fri, May 10, 2013|
|06:31 PM||Another Winning Week|
|02:06 PM||Mixed Markets As Investors Monitor Global Developments|
|11:33 AM||Mixed Open After Record Week|
|Thu, May 09, 2013|
|06:01 PM||Markets Retreat From Record Highs|
|03:13 PM||Markets Rise As Jobless Claims Drop|
|10:42 AM||Markets Retreat After Yesterday's Record Close|
|Wed, May 08, 2013|
|06:08 PM||Upbeat Earnings Boost Markets To Another Record|
|01:46 PM||Dow Advances Further Into Record Territory|
|10:42 AM||Mixed Open After Record Close Yesterday|
|More News From MarketMinute.com Market Updates|