On the upside
Keryx Biopharmaceuticals (Nasdaq: KERX) was named as one of three PowerRatings Stocks by TradingMarkets.com.
Thornburg Global Opportunities Fund co-manager Brian McMahon cited the need for businesses to upgrade their computers, which has been delayed due to the recession, for selecting Dell (NYSE: DELL) as a top stock pick.
Kaufman Bros. upgraded Nvidia (Nasdaq: NVDA) saying that demand for personal computers will increase.
On the downside
China BAK Battery (Nasdaq: CBAK) dispelled rumors that Google (Nasdaq: GOOG) had selected the company to provide lithium polymer batteries for the Nexus One.
Aetna (NYSE: AET) must take a fourth quarter charge of nearly $65 million for costs related to job cuts and real estate.
Shares of AT&T (NYSE: T) fell after guidelines to break the GSM encryption of cell phones were posted online.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 628.
