December 03, 2012 at 09:43 AM EST
Mixed Open As Manufacturing Activity Falls
The markets opened mixed with the Dow slipping 9 points to 13,015 while Nasdaq gained 7 points to 3017 as November manufacturing activity fell to 49.5.
On the upside
Goldman Sachs upgraded Dell (Nasdaq: DELL) to a Buy rating and raised its price target from $9 to $13.
Sterne Agee upgraded Deckers Outdoor (Nasdaq: DECK) to a Buy rating and set a price target of $65.
The Wall Street Journal reported that Cerberus Capital Management will consider several options in a possible acquisition of Supervalu (NYSE: SVU).
On the downside
McMoRan Exploration (NYSE: MMR) reported limited success in its efforts to increase flow rate at its Davy Jones No. 1 well.
A Seeking Alpha contributor cautioned against buying shares of Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price climbed last week on no apparent news.
Newsmagazine 60 Minutes reported allegations by doctors that Health Management Associates (NYSE: HMA) admitted patients regardless of medical necessity.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 822.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here