Closing Bell: DJIA 10K closer, but elusive (BDK, DNDN, DRIV, KBH)

Posted Oct 12th 2009 4:00PM by Jon Ogg

Today was an odd day considering that the bond traders were out and banks were closed for Columbus Day. There were gains most of the day ahead of earnings season, but we came down substantially off the highs. It still feels like the DJIA will crack 10,000, but the trading is getting choppy as we enter what may be the biggest earnings season in a couple years for growth investors.

Here are today's unofficial closing bell levels:

Dow 9,885.80 +20.86 (0.21%)
S&P 500 1,076.18 +4.69 (0.44%)
Nasdaq 2,139.14 -0.14 (-0.01%)

Top analyst upgrades and analyst downgrades
Top Day Trader Stocks

The Black & Decker Corporation (NYSE: BDK) rallied after the tool-maker raised its guidance substantially on the earnings front. The tool maker said it had better-than-expected sales and now sees $0.91 EPS vs. a prior range of $0.35 to $0.45 and versus a Thomson Reuters figure of $0.45 EPS. Shares were up over 7% at $50.84 ahead of the close.

Dendreon Corporation (NASDAQ: DNDN) soared on new solid board member additions to help it transition from an R&D company to a manufacturing company. It added the CEO of Roche's Genentech and a former Eli Lilly to better help the company transition. Shares were up 4.5% at $28.71 right before the closing bell.

Digital River, Inc. (NASDAQ: DRIV) was hammered today after it was informed by Symantec Corporation (NASDAQ: SYMC) that Symantec will not extend its existing e-commerce agreement for a variety of e-commerce-related services. Shares were down 34% at $26.46 right before the close.

KB Home (NYSE: KBH) saw its shares take a hit today after the company disclosed in an SEC filing that the Securities and Exchange Commission is investigating its accounting and disclosure practices. Shares were down 8% at $15.13 right before the close.

Tags: BDK, DNDN, DRIV, e-commerce, KBH, tools