NEW YORK (TheStreet) -- Jobless claims came in slightly higher than expected, TheStreet's Joe Deaux and "Mad Money" Research Director Nicole Urken discussed.
The data, released Thursday, came in at 350,000, slightly higher than the expected 340,000, a decline from last week's revised 362,000.
Urken reminded investors that since the number is weekly, it tends to be very volatile. However, she noted earnings results are more of a focus right now.
beat on both the top and bottom lines, Deaux said. Urken added the company reported a pre-tax loss of $228 million in European operations, a steep decline from the $468 million it lost in the region in the same quarter last year. While shares are still up, the stock is off its highs after opening over $18.
Ford's not the only winner is Europe -- Spain reported its first positive quarter of GDP growth after posting nine consecutive quarters of decline, Deaux said.
Other midday market winners include:
is up nearly 20%.
is higher after posting better-than-expected earnings results than its warning had indicated earlier this month.
-- Written by Bret Kenwell in Petoskey, Mich.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.