Midway through trading Monday, the Dow traded down 0.12
percent to 15,063.46 while the NASDAQ surged 0.38 percent to
3,616.62. The S&P also fell, dropping 0.11 percent to
Top Headline Saks (NYSE:
) reported a
Saks posted a quarterly loss of $19.6 million, or $0.13 per
share, versus a year-ago loss of $12.3 million, or $0.08 per
share. Excluding one-time items, it lost $0.10 per share.
However, analysts were expecting a loss of $0.08 per share.
Its revenue rose 1% to $707.8 million from $704.1 million,
versus analysts' estimates of $732.3 million. Its same-store
sales increased 1.5%.
Equities Trading UP Edwards Group (NASDAQ:
) shot up 18.22 percent to $9.99 after the company agreed to be
acquired by Atlas Copco Group
for $10.50 per share.
Shares of Pandora Media (NYSE:
) got a boost, shooting up 6.74 percent to $21.71 after Needham
lifted the price target on the stock from $20.00 to $25.00.
Cellcom Israel (NYSE:
) was also up, gaining 3.48 percent to $11.52 after the company
reported Q2 results and named
as its Chief Technology Officer.
Equities Trading DOWN Shares of Cobalt International Energy
) were down 13.31 percent to $25.46 after the company provided an
on its deepwater drilling operations in West Africa and the Gulf
) shares tumbled 3.90 percent to $44.30 after analysts at RBC
Capital downgraded the stock from Outperform to Sector
) was down, falling 8.33 percent to $3.03 after the company
announced private offering of US$225 million of convertible
senior subordinated notes.
Commodities In commodity news,
oil traded down 0.50 percent
to $106.92, while gold traded down 0.56 percent to $1,363.30.
Silver traded down 0.97 percent Monday to $23.15, while copper
fell 0.71 percent to $3.34.
Eurozone European shares today. The Spanish Ibex Index tumbled
1.97 percent, while Italy's FTSE MIB Index dropped 2.46%.
Meanwhile, the German DAX declined 0.29 percent and the French
CAC 40 dipped 0.97 percent while U.K. shares fell 0.51
Economics There were no major economic releases Monday
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.