10 Stocks to Watch: Ebix, Baidu


NEW YORK (TheStreet) -- Software services company Ebix (EBIX) rose 4.5% to $23.54 at the closing bell after it assured investors that there haven't been any negative developments at the company that would warrant the sudden drop in the price of its shares on the Nasdaq recently.


Baidu ( BIDU) rose 1.2% to $135.04 after Bloomberg reported that the Chinese Internet search giant has created a Web browser for personal computers.


German software company SAP ( SAP) rose 0.7% to $60.30 after competitor Oracle beat expectations and SAP got a boost to overweight from neutral from HSBC.


Apple ( AAPL) rose 1.8% to $351.29 after competitor Research In Motion disappointed Wall Street with its outlook.


Oil and gas explorer Hyperdynamics ( HDY) dropped 11.8% to $5.30 after pricing its offer of 25 million common shares at $5 a share, below Thursday's closing price of $6.01.


Universal Display ( PANL) rebounded by 2.9% to $50.15 after falling on the announcement of the pricing of its public offering of 5 million shares at $46 a share, below Thursday's closing price of $48.75.


Shares of BlackBerry maker Research In Motion ( RIMM) dropped 11.2% to $56.89 after the company disappointed Wall Street with its outlook.
>>Research In Motion: After-Hours Trading


Oracle ( ORCL) rose 1.7% to $32.695 as the software giant's results got a round of applause after beating Wall Street's profit expectations and after it lifted its quarterly dividend by 20%.
>>Research In Motion: After-Hours Trading


Shares of oil giant BP ( BP) inched up 0.3% to $46.94 after falling on an arbitration tribunal's ruling against the company's $8 billion stock swap with Russia's Rosneft.
>>BP Slips After Rosneft Deal Blocked


Investment management firm BlackRock ( BLK) rose 1.9% to $189 after being asked by the Federal Reserve to consult on the central bank's potential auction of a large portfolio of subprime-mortgage bonds following American International Group's ( AIG) offer to buy them for $15.7 billion, the Wall Street Journal reported.

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-- Written by Andrea Tse in New York.

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