On the upside
Fourth quarter earnings for Valmont Industries (NYSE: VMI) rose to surpass expectations as strong demand boosted revenue.
ProLogis (NYSE: PLD) has received multiple offers for parcels of the 33.23 million square feet of industrial space that the real estate investment trust has on the market.
EnergySolutions (NYSE: ES) offered to share half of its revenue with Utah if the state would allow the disposal of foreign nuclear waste on a 4.3 acre site west of Salt Lake City.
On the downside
Moody's Investors Service downgraded PMI's (NYSE: PMI) ratings to junk status.
Stone Energy (NYSE: SGY) blamed sharply lower oil and gas prices for swinging to a fourth quarter loss.
Fitch Ratings downgraded the issuer default rating to junk status for CapitalSource (NYSE: CSE) saying that the company's financial performance is expected to be weak for the rest of the year.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 423.
