On the upside
TheStreet.com wrote that The Phoenix Co.'s (NYSE: PNX) stock price was 45% lower than the consensus among analysts.
Both Carl Reichardt of Wells Fargo Securities and Michael Rehaut of J. P. Morgan ranked MDC (NYSE: MDC) a five star stock.
China Fire & Security (Nasdaq: CFSG) secured a $92 million contract to retrofit Wuhan Iron and Steel for fire protection.
On the downside
Oracle (Nasdaq: ORCL) will purchase AmberPoint for an undisclosed sum.
Wells Fargo (NYSE: WFG) announced that it will hire 1,000 brokers this year and train 400 new recruits.
U. S. District Judge Jed Rakoff will wait for Bank of America (NYSE: BAC) and the Securities and Exchange Commission to submit written responses to questions before ruling on a proposed $150 million settlement over a civil suit alleging that Bank of America misled shareholders.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 586.
