MARKET PULSE-China Digital TV, Express, Finisar, HP, Intel, OncoMed

Fri Jun 13, 2014 11:56am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter

NOTE: Reuters is converting some short-form coverage of hot stocks, including Market Pulse, into the new Stocks Buzz product. From June 16, items that were previously published only as a compilation will be published as standalone items featuring the BUZZ tag. They will also be accessible via the STXBZ news code. A collated version will continue to appear on the WATCH/US named-item code under the headline "BUZZ-U.S. stocks on the move".


U.S. stocks edged higher on Friday, boosted by bullish corporate news from the tech sector, though major indexes remained on track to snap a multi-week string of weekly gains. The Dow Jones industrial average was up 0.18 percent at 16,765.15, the S&P 500 was up 0.20 percent at 1,933.88 and the Nasdaq Composite was up 8.50 points, or 0.2 percent, at 4,306.13.

** PENN VIRGINIA CORP, $15.82, +6.46 pct

Analysts at Stifel, Nicolaus & Co raised their rating on the oil and gas producer's stock to "buy" from "hold", saying Wednesday's $313 million convertible offering would allow the company to increase its rig count in Texas's Eagle Ford shale field to 8 from 6 by the end of the year, improving oil output growth.

** INTEL CORP, $29.95, +7.12 pct   Continued...