Market Update After Hours February 19
Market Summary
| Dow Jones | 14,035.67 | 53.91 | -0.39% |
| S&P 500 | 1,530.94 | 11.15 | -0.73% |
| Nasdaq | 3,213.59 | 21.56 | -0.68% |
Gainers
OfficeMax Incorporated (NYSE:OMX) 13.00 +2.25 (20.93%)
Office Depot Inc (NYSE:ODP), is undergoing talks about merging with OfficeMax Incorporated (NYSE:OMX) which is a lesser competition. If all goes according to plans, the deal will be signed at the earliest, possibly by the coming week.
SunPower Corporation (NASDAQ:SPWR) 13.39 +1.94 (16.94%)
The company, on Feb. 7, announced that for the first quarter of 2013, it expects revenue in the range of $475-$550 million, earnings per diluted share in the range of $0.05 to $0.20
Infinity Pharmaceuticals Inc. (NASDAQ:INFI) 41.10 +5.90 (16.76%)
Morgan Stanley issued a bullish assessment of the Cambridge-based company’s prospects and pricing potential. Morgan Stanley rated it an “Overweight” and set a target of $47 price-per-share.
Guangshen Railway Co. Ltd (ADR) (NYSE:GSH) 23.46 +2.79 (13.50%)
HSBC Securities initiated coverage on GSH early this month with an “Overweight”
Staples, Inc. (NASDAQ:SPLS) 14.65 +1.70 (13.13%)
Office Depot Inc. (ODP) was in advanced talks to merge with smaller rival OfficeMax Inc. (OMX).Other stocks in the office supplies sector also rose including SPLS.
Losers
Yandex NV (NASDAQ:YNDX) 23.01 -2.58 (-10.08%)
HSBC announced on Feburary 7th that it is upping its rating on Russian search engine Yandex to overweight, and assigning a $31 target price to the shares.
Icahn Enterprises, L.P. (NASDAQ:IEP) 71.04 -7.95 (-10.06%)
Icahn Enterprises LP (IEP.O), controlled by Carl Icahn, will increase its annual dividend to $4.00 per depositary unit from $1.40, payable either in cash or depositary units.
Group 1 Automotive, Inc. (NYSE:GPI) 61.62 -5.03 (-7.55%)
GPI down after the company reported its fourth quarter 2012 financial results. GPI reported diluted net income of 99 cents per share, which fell short of analysts’ estimates of $1.19. In a statement, Earl Hesterberg, Group 1′s president and CEO, said that the company “missed some opportunities to maximize profits via complete leveraging of our cost structure.”
Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) 2.71 -0.19 (-6.55%)
SMI’s First Quarter 2013 Guidance
- Revenue is expected to be up 1% to down 2%.
- Gross margin is expected to range from 17.5% to 19.5%.
- Operating expenses excluding the effect of foreign exchange, government R&D grants and assets disposal are expected to range from $74 million to $77 million.
- 2013 capital expenditure for foundry operations is expected to be approximately $600 million.
Humana Inc. (NYSE:HUM) 73.01 -4.98 (-6.39%)
Humana Inc. (HUM) and Astellas Scientific and Medical Affairs Inc., a U.S. subsidiary of Tokyo-based Astellas Pharma Inc., announced a multi-year research collaboration to explore new ideas and ways to improve the health and well-being of patients and members.
After Hours Most Active
NYSE Ten Most Active Share Volume
| Symbol | Company | Last Sale | Share Volume |
| BAC | Bank of America Corporation | $12.20 | 8,157,011 |
| CLF | Cliffs Natural Resources Inc. | $28.89 | 2,010,178 |
| CJES | C&J Energy Services, Inc. | $24.50 | 1,895,825 |
| HLF | Herbalife LTD. | $39.35 | 1,394,983 |
| BTU | Peabody Energy Corporation | $24.48 | 1,383,080 |
| HAL | Halliburton Company | $42.92 | 1,216,221 |
| ODP | Office Depot, Inc. | $5.05 | 1,194,544 |
| BP | BP p.l.c. | $41.89 | 1,136,360 |
| KORS | Michael Kors Holdings Limited | $63.34 | 840,372 |
| S | Sprint Nextel Corporation | $5.90 | 796,477 |
NASDAQ Ten Most Active Share Volume
| Symbol | Company | Last Sale | Share Volume |
| QQQ | PowerShares QQQ Trust, Series 1 | $68.29 | 3,017,030 |
| MBFI | MB Financial Inc. | $23.75 | 2,218,981 |
| FB | Facebook, Inc. | $28.97 | 1,736,645 |
| MSFT | Microsoft Corporation | $28.05 | 1,367,657 |
| SIRI | Sirius XM Radio Inc. | $3.18 | 1,107,992 |
| CSCO | Cisco Systems, Inc. | $21.46 | 967,691 |
| NTSP | NetSpend Holdings, Inc. | $15.91 | 774,752 |
| INTC | Intel Corporation | $21.16 | 631,662 |
| YHOO | Yahoo! Inc. | $21.37 | 629,680 |
| AMGN | Amgen Inc. | $83.42 | 577,676 |
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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