MARKET PULSE-Gordman's Stores, Trina Solar, Astrotech, Resonant
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Thursday and the benchmark S&P 500 index scaled new peaks as traders bet on strong growth in the second quarter even as data showed the world's largest economy contracted in the first quarter. The Dow Jones industrial average was up 0.09 percent at 16,648.56, the S&P 500 was up 0.28 percent at 1,915.08 and the Nasdaq Composite was up 11.80 points or 0.28 percent at 4,236.87.
** QUALITY SYSTEMS INC, $17.05, -0.53 pct
The healthcare IT services company reported better-than-expected fourth-quarter sales, helped by growth in its revenue cycle management business.
** SAFE BULKERS INC, $8.07, -4.72 pct
The drybulk shipper posted a lower first-quarter profit due to a fall in time charter rates. The company also operated lesser number of vessels in the quarter, compared to last year, while its operating expenses rose.
** SOLAZYME INC, $10.51, +7.91 pct
The renewable oil and bioproducts producer said the Solazyme Bunge Renewable Oils plant in Brazil, a joint venture with a unit of Bunge Ltd, began commercial production. The company said production at the plant is expected to reach nameplate capacity within the next 12 to 18 months. Continued...