Last week's sleeping bull market was brought back to a woken bull market. Despite warnings from Nouriel Roubini that things were up too much too fast, the services sector actually came in above the expansion line after 11 straight months of contraction. This caused most of the excitement for the day. Here were today's unofficial closing bell levels:
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Today's top analyst upgrades and top analyst downgrades
Today's top day trader alerts
Today's top rumors
General Electric Company (NYSE: GE) was up 3.3% at $15.87 late in the trading day on word that it was entering into pact to sell part or majority of its NBC Universal. This was effectively endorsed by S&P ratings.
Wells Fargo & Company (NYSE: WFC) was up over 7% at $28.19 on an analyst upgrade to BUY at Goldman Sachs. This is a substantial move considering where the stock is and considering that the bears were just starting to get some room to breath.
Amicus Therapeutics Inc. (NASDAQ: FOLD) was a big loser hitting 52-week lows on disappointing trial data and after the stock was cut to Neutral at JPMorgan. Shares were down over 30% at $5.65 late in the trading session.
CIENA Corp. (NASDAQ: CIEN) was down 3% after being higher today on reports that it is in talks to acquire some Nortel operations in the metro ethernet networking area. We had shares down 3.4% at $14.15 late in the day.
Vonage Holdings Corporation (NYSE: VG) was up big today. It has now launched its mobile apps available for the iPhone and Blackberry for international calling. This one was up almost 13% at $1.50 right before the close.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
