The markets closed modestly higher with the Dow rising 21 points to 15,324 as the nation's economy continued to expand in the first quarter albeit at a slower 2.4% pace than 2.5% pace originally reported. Nasdaq gained 23 points to 3491.
On the upside
Oppenheimer initiated coverage of Himax Technologies (Nasdaq: HIMX) with an Outperform rating.
National Bank of Greece (NYSE: NBG) began trading again after trading was suspended from May 24 to May 30 in order for a 1-for-10 reverse stock split to clear.
Goldman Sachs added MEMC Electronic Materials (NYSE: WFR) to its Conviction Buy list and lifted its price target from $8 to $10.
On the downside
Investors locked in profits on Ballard Power Systems (Nasdaq: BLDP).
A Seeking Alpha contributor recommended shorting Revolution Lighting Technologies (Nasdaq: RVLT).
Frontline (NYSE: FRO) fell to a loss for the first quarter.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index rose 6 points to 1654.