On the upside
Teppco Partners (NYSE: TPP) received a $3.3 billion all-stock offer from Enterprise Products (NYSE: EPD) for its crude and natural gas pipelines.
Sallie Mae (NYSE: SLM) was upgraded by an analyst citing more government contracts and improved liquidity.
Wendys/Arby's Group (NYSE: WEN) received a favorable write-up in Barron's.
On the downside
An analyst downgraded chip amker Monolithic Power Systems (Nasdaq: MPWR).
Shares of China-Biotics (Nasdaq: CHBT) re-traced after last week's rally on news that it would join the Russell 3000 Index.
Shares of Zion OIl & Gas (Amex: ZN) lost ground again following the issuance of $21 million in new stock last week.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 8 points to 505.
