|
Markets Close Mixed Despite M&A News
It was a mixed close for the markets with the Dow losing 13 points to 10,552 despite merger and acquisition news. Nasdaq added 5 points to 2333.
Share:
It was a mixed close for the markets with the Dow losing 13 points to 10,552 despite merger and acquisition news. Nasdaq added 5 points to 2333.
On the upside Rothman Research analyst Mathew Collier said that STEC (Nasdaq: STEC) was well-run company at a bargain price. Briefing.com reported that Maersk may be interested in acquiring DryShips (Nasdaq: DRYS). BMO Capital Markets analyst Tim Long upgraded Research In Motion (Nasdaq: RIMM) and lifted his earnings estimate as well as price target for the BlackBerry maker saying that competitors are unable to steal market share from the company. On the downside AirFinancials.com reported that budget airlines are taking market share from legacy carriers weighed down share of American Airlines parent AMR (NYSE: AMR). Universal Travel Group (NYSE: UTA) disappointed with lower fourth quarter earnings. Barclays lowered its earnings estimate for RenaSola (NYSE: SOL).
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. By accessing this page, you agree to the following terms and conditions. Conference calls info supplied by OpenCompany Fundamental data supplied by Morningstar Stock quotes supplied by Telekurs USA |
|