All in all, this was a fairly quiet day. The markets started out soft but managed to hold up most of the day. A CEO confidence reading may have helped somewhat. Here are today's unofficial closing bell levels:
Dow 9,858.36 +71.49 (0.73%)
S&P 500 1,071.06 +5.58 (0.52%)
Nasdaq 2,138.23 +14.30 (0.67%)
Top Analyst Upgrades
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Top Market Rumors
American Superconductor Corp. (NASDAQ: AMSC) traded higher all day on takeover rumors. Shares were up almost 5% at $32.90 late in the day on this one.
Applied Materials Inc. (NASDAQ: AMAT) rose today based partly on strong call option buying. We have heard rumors of a key upgrade coming from an analyst, but that is conjecture only. Shares were up 1.1% at $13.23 late in the trading day.
Savient Pharmaceuticals (NASDAQ: SVNT) was a winner today despite having priced a 4.3 million share secondary offering of common stock at $13.29. An Oppenheimer upgrade helped out here. Shares were up 6.7% at $14.18 ahead of the closing bell.
Sunrise Senior Living Inc. (NYSE: SRZ) was one of the biggest winners of all on a huge $204 million worth of properties sale. Shares were up over 50% at $5.07 ahead of the closing bell.
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
