Saturday, July 21, 2012

Friday’s biggest gaining and declining stocks

CHICAGO (MarketWatch) — Here are some of Friday’s biggest gaining and declining stocks:


Baker Hughes Inc. BHI +9.20%  shares added 9.2% after the Houston energy-services firm reported that second-quarter net income rose 30% on 12% higher revenue.
Fidelity Bancorp Inc. FSBI +65.02%  shares soared 65%. The company agreed to be bought by West Virginia-based WesBanco Inc. WSBC -4.65%  for $70.8 million.
Onyx Pharmaceuticals Inc. ONXX +11.67%  rallied 12% after the U.S. Food and Drug Administration approved the company’s Kyprolis treatment for patients with multiple myeloma who have received at least two prior lines of therapy.

U.S. week ahead: Apple, Facebook

Major names in the tech sector like Apple and Facebook will report results, with analysts and consumers looking for indications of a new iPhone, and Facebook will post its first quarterly earnings as a public company. Rex Crum and Laura Mandaro report.
SanDisk Corp. SNDK +10.32%  shares rose 10%. The company said late Thursday that second-quarter earnings plummeted as the flash memory maker saw much weaker sales and margins, but management projected results should show improvement in the second half.


Cepheid CPHD -17.65%  shares fell 18% after the company reported that second-quarter earnings fell 38%.
Shares of Chipotle Mexican Grill Inc.CMG -21.51%  fell 22% after issuing a second-quarter earnings report late Thursday that reflected a slowdown in customer traffic growth.
Freescale Semiconductor Ltd. FSL -6.46%  shares fell 6.5% after the company issued a current-quarter sales outlook below Wall Street estimates.
Gold Resource Corp. GORO -30.61%  shares fell 31%. Late Thursday, the company reported earnings for the second quarter and troubled investors with news of less-than-expected gold output in the quarter. It also revised its production outlook. 

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