This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Markets Close Higher as Bernanke Signals Support

CareFusion ( CFN ) declined, falling 3.1% to $33.59 after the medical technology company said its 2013 revenue guidance could fall by as much as the low-single-digits on a percentage basis compared with its previous expectation that revenue would grow 1% to 3%. (PCLN - Get Report) jumped 3.8% to $765.41 after the online-travel company garnered bullish action with earnings that beat Wall Street expectations, offsetting weaker-than-anticipated guidance. Piper Jaffray raised its price target to $850 from $800, followed by Macquarie, Credit Suisse, Jefferies, and Raymond James, overshadowing JMP Securities' and Deutsche Bank's price-target cuts following the second-quarter outlook.

Oil and natural gas exploration company QEP Resources Inc. ( QEP ) gained 5.4% to $29.88 after its operating arm, QEP Midstream Partners LP, revealed Thursday that it filed for an IPO of as much as $400 million.

Gap (GPS - Get Report) was another big gainer in the S&P, tacking on 5.6% to $40.99 after the apparel retailer reported a 7% increase in April same-store sales driven by increases at Old Navy and produced an earnings guidance that also exceeded forecasts. Canaccord Genuity has raised its price target on Gap to $40 from $39 a share.

The U.S. Treasury's monthly budget report showed a monthly net surplus of $112.9 billion in April.

Written by Andrea Tse and Joe Deaux in New York

>To contact the writer of this article, click here: Andrea Tse.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CFN $0.00 0.00%
ACT $0.00 0.00%
GPS $22.74 0.49%
QEP $17.02 -2.46%
PCLN $1,253.04 -7.50%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs