On the upside
Bargain hunters snapped up shares of American Capital (Nasdaq: ACAS), which was listed as one of the top 10 worst performers on the S&P 500 last year. The stock price of the investment firm plummeted 90.2% in 2008.
Northstar Neuroscience (Nasdaq: NSTR) announced that after much consideration, it will liquidate its assets and dissolve the company.
Navistar International (NYSE: NAV) said that truck sales are expected to rise in 2009 as well as 2010.
On the downside
DA Davidson downgraded UCBH Holdings (Nasdaq: UCBH).
Shares of Chico's FAS (NYSE: CHS) fell ahead of the release of December retail sales figures later this week.
Barclays Capital analyst Robert Drbul said that while heavy holiday promotions may have lifted sales for Saks (NYSE: SKS), 2008 earnings will most likely be impacted negatively. Drbul expects Saks to post a loss for the year.