Markets Flat Over Mixed Retail Sales
The markets traded near the flatline with the Dow adding 4 points to 13,417 on mixed December retail sales. Nasdaq rose 4 points to 3116.
On the upside
Amicus Therapeutics (Nasdaq: FOLD) will present at the 31st Annual J. P. Morgan Healthcare Conference on Wednesday, January 9, 2013.
Seeking Alpha wrote that Vringo (NYSE: VRNG) was a Strong Buy.
Shares of Herbalife (NYSE: HLF) climbed after Bill Ackman's Pershing Square Capital dropped its recommendation that General Growth (NYSE: GGP) sell itself. Ackman has accused Herbalife of being a pyramid scheme.
On the downside
Oppenheimer downgraded Allot Communications (Nasdaq: ALLT) and said that the company would likely miss fourth quarter expectations. Limited Brands (NYSE: LTD) reported December same store sales that fell short of analyst estimates.
Hillshire Brands (NYSE: HSH) named Brian Davidson to the position of senior vice president, corporate strategy and development.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index added 2 points to 1464.
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