Stocks are trading mostly flat right now after starting the day lower. A better than expected housing starts report pushed stocks higher this morning, but big tech stocks, Intel and IBM, are weighing the market down. Housing starts jumped 15% in September to a seasonally adjusted 872,000 units, the quickest rate since 2008. Economists were expecting an increase to 770,000.
Intel posted quarterly results that beat Street estimates, but its guidance came in soft as consumers shift to tablets. IBM reported a profit that beat expectations, but its revenue came in below estimates.
The Dow is currently trading down 6 points, the Nasdaq is up 4 points and the S&P 500 is up 5 points.
Stock Gainers
Cymer Inc. (NASDAQ:CYMI) is up 56.37% this morning at $74.72. CYMI has traded 5.7 million shares so far today, way above its daily average of 289 thousand shares. CYMI shares are up today after ASML offers $2.6 billion to Cymer. The company has a market cap of 2.32 billion.
Sify Technologies Limited (NASDAQ:SIFY) is up 27.07% today at $2.91. SIFY has traded 1.3 million shares this morning, well above its daily average of 85 thousand shares. SIFY reported second quarter results and saw a 13% increase in revenue from last year. The company has a market cap of 381.75 million.
Dean Foods Company (NYSE:DF) is up 14.49% today at $17.22. DF has traded 4.7 million shares so far today, 300 thousand shares more than its daily average. DF shares are up today on news its unit, WhiteWave, wants to raise $320 million in IPO. The company has a market cap of 3.11 billion.
Centene Corp. (NYSE:CNC) is up 11.59% today at $39.06. CNC has traded 1.5 million shares so far today, well above its daily average of 819 thousand shares. Centene announced today that its subsidiary, Kentucky Spirit Health Plan, has initiated termination of medicaid contract with Kentucky. The company has a market cap of 1.99 billion.
United Rentals, Inc. (NYSE:URI) is up 10.75% today at $37.61. URI has traded 3.3 million shares so far today and trades 3.4 million shares a day on average. URI shares are up today after the company sees third quarter net income increase 12.3%. The company has a market cap of 3.52 billion.
Hovnanian Enterprises Inc. (NYSE:HOV) is up 8.47% today at $4.09. HOV has traded 5.8 million shares so far today, above its daily average of 5.1 million shares. HOV shares are up about 9% over the past five days. The company has a market cap of 536.70 million.
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