Wednesday, August 8, 2012

Wednesday’s biggest gaining and declining stocks

Alexco, Dean Foods, MEMC, Orbitz Worldwide,

Portfolio Relevance
By MarketWatch
CHICAGO (MarketWatch) — Here are some of Wednesday’s biggest gaining and declining stocks on Wall Street:


Cleantech Solutions International CLNT +14.55%  shares added 15%. The company said that it received a new purchase order to supply 21 units of airflow dyeing machines and related components to a domestic customer.
Dean Foods DF +40.58%  shares rallied 41%. Late Tuesday, results showed the dairy giant swinging to a profit in the second quarter and said it would spin off a fast-growing unit that sells organic dairy products and soy milk.
Evolving Systems EVOL +16.52%  shares rose 17%. The company’s second-quarter revenue increased 50% to $6.7 million from $4.4 million in the same quarter last year, on growth in license fees and services.

Airlines cut perks to frequent fliers

The value of silver, at least at airline frequent-flier programs, has plummeted. Travelers complain airlines have taken perks away from their lowest level of elite status, which typically require flying 25,000 miles a year. Scott McCartney explains on Lunch Break.
Express Scripts ESRX +8.41%  shares rose 8%. Second-quarter net earnings fell 49% as the pharmacy-benefit manager absorbed acquisition costs, but results topped Wall Street expectations and helped fuel a stronger forecast for the full year.
Lamar Advertising Co. LAMR +9.24% shares were up 9% after the provider of outdoor ad displays reported a 22% increase in second-quarter profit
MEMC Electronic Materials WFR +10.68% shares rose 11%. The company swung to a second-quarter loss as its large semiconductor business posted a double-digit decline in sales, offsetting strength in its solar operations. But shares rose as adjusted earnings and revenue easily surpassed expectations.
Rackspace Hosting RAX +8.46%  shares rose 8%. Second-quarter profit rose 43% on surging revenue in its public-cloud business, easing concerns that the rollout of a new information-management system might dampen the data-center provider’s growth.


Alexco Resources AXU -15.90%  shares fell 16% after Global Hunter Securities downgraded the stock to neutral.
Given Imaging GIVN -9.93%  shares tumbled 10% on Wednesday. Late Tuesday, the company cuts its full year 2012 revenue outlook and said it expects earnings to be near the lower range of it previous outlook.
Orbitz Worldwide OWW -25.54%  shares shed 26%, on the heels of the company’s second-quarter financial results and updated profit and revenue outlook. PCLN -17.28%  shares fell 17%. The company on Tuesday reported second-quarter earnings that topped expectations, but the online travel company also gave a disappointing forecast based on troubles with the economic situation in Europe.
U.S.-listed shares of Warner Chilcott PLC WCRX -6.92%  fell 7%. Wells Fargo analysts downgraded the stock on Wednesday morning. 

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