Midway through trading Tuesday, the Dow traded down 0.69
percent to 15,898.09 while the NASDAQ tumbled 0.30 percent to
4,033.29. The S&P also fell, dropping 0.45 percent to
Top Headline Yesterday, Krispy Kreme Doughnuts (NYSE:
) reported a 34% rise in its Q3 profit. However, the company
issued downbeat forecast for fiscal 2015.
Krispy Kreme's quarterly profit surged to $6.8 million, or
$0.09 per share, from a year-earlier profit of around $5 million,
or $0.07 per share. Excluding special items, it earned $0.16 per
Its revenue climbed 7% to $114.2 million from $107.1 million.
However, analysts were expecting adjusted earnings of $0.15 per
share on revenue of $114.1 million.
Equities Trading UP OncoMed Pharmaceuticals (NASDAQ:
) shot up 110.14 percent to $29.42 on a deal to sell 1.47 million
shares to Celgene (NASDAQ:
) at $15.13 per share.
Shares of Tesla Motors (NASDAQ:
) got a boost, shooting up 11.15 percent to $138.01 after the
company announced that the German regulator has closed review of
Model S incidents. Morgan Stanley also named the stock a Top Pick
in the auto sector.
) was also up, gaining 1.65 percent to $560.30. Apple reported
that it had acquired Topsy Labs for more than $200 million. UBS
upgraded the stock from Neutral to Buy and raised the target
price from $540 to $650.
Equities Trading DOWN Shares of Krispy Kreme Doughnuts (NYSE:
) were down 19.35 percent to $19.80 after the company
issued downbeat forecast
for fiscal 2015.
GT Advanced Technologies (NASDAQ:
) shares tumbled 6.84 percent to $9.26 after the company
announced its plans to offer $125 million convertible senior
notes and 12 million shares of common stock.
Myriad Genetics (NASDAQ:
) was down, falling 8.01 percent to $24.82 after JMP Securities
downgraded the stock from Market Outperform to Market
Commodities In commodity news,
oil traded up 2.06 percent
to $95.75, while gold traded up 0.08 percent to $1,222.90.
Silver traded down 0.75 percent Tuesday to $19.15, while
copper fell 0.24 percent to $3.18.
Eurozone European shares
today. The Spanish Ibex Index tumbled 1.44 percent, while Italy's
FTSE MIB Index declined 1.95 percent. Meanwhile, the German DAX
dropped 1.90 percent and the French CAC 40 declined 2.65 percent
while U.K. shares fell 0.95 percent.
Economics The ICSC-Goldman Sachs store sales index declined
2.8% in the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index fell 0.2% in the first
four weeks of November versus October.
U.S. home prices climbed 0.2% in October, CoreLogic
The Treasury is set to auction 3-and 6-month bills.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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