Mid-Day Market Update: Titan International Drops On Analyst Downgrade, MGIC Investment Rises


Midway through trading Monday, the Dow traded up 0.11 percent to 15,264.40 while the NASDAQ gained 0.40 percent to 3,483.12. The S&P also rose, surging 0.21 percent to 1,646.84.

Top Headline McDonald's (NYSE: MCD ) reported a 2.6% rise in its global comparable sales in May.

McDonald's systemwide sales jumped 3.6% in May; while US sales climbed 2.4%. Its global comparable sales declined 1.0% during the first quarter.

Equities Trading UP MGIC Investment (NYSE: MTG ) shot up 4.95 percent to $6.4228 after the company released May operating statistics.

Shares of Monsanto Company (NYSE: MON ) got a boost, shooting up 4.40 percent to $106.12 after Macquarie upgraded the stock from "neutral" to "outperform."

First Bancorp (NYSE: FBP ) was also up, gaining 5.36 percent to $6.68 after Sterne Agee upgraded the stock from "neutral" to "buy."

Equities Trading DOWN Rovi (NASDAQ: ROVI ) was down, falling 4.72 percent to $25.26 after the company reported it is working with Broadcom (NASDAQ: BRCM ) to enable HEVC playback across multiple screens.

Shares of Titan International (NYSE: TWI ) were down 8.64 percent to $18.92 after William Blair downgraded the stock to "market perform."

Booz Allen Hamilton Holding (NYSE: BAH ) shares tumbled 3.72 percent to $17.33 on reports of leaked information.

Commodities In commodity news, oil traded down 0.17 percent to $95.87, while gold traded up 0.20 percent to $1,385.80.

Silver traded up 0.91 percent Monday to $21.94, while copper fell 1.06 percent to $3.23.

Eurozone European shares were mixed today. The Spanish Ibex Index fell 0.50 percent and the Italian FTSE MIB Index dropped 0.81 percent. Meanwhile, the German DAX climbed 0.67 percent and the French CAC 40 fell 0.24 percent while U.K. shares gained 1.02 percent.

Economics The Investor Movement Index for May will be released today.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Commodities , Economy , International

Referenced Stocks: BRCM , FBP , MCD , MON , ROVI


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