May 15, 2012 at 15:15 PM EDT
Rising Homebuilder Confidence Lifts Markets

Homebuilder confidence rose in May to lift the markets higher during the midday with the Dow adding 13 points to 12,708. Nasdaq rose 13 points to 2915.

On the upside

TJX (NYSE: TJX) reported sharply higher first quarter earnings that topped analyst estimates as revenue climbed and the discount retailer lifted its full year earnings outlook.


Second quarter earnings climbed for Agilent Technologies (NYSE: A) as revenue rose and the scientific instrument maker forecast current quarter sales ahead of estimates.

Glu Mobile (Nasdaq: GLUU) will present at the 13th Annual B. Riley & Co. Investor Conference on Wednesday, May 23, at the Sterne Agee 2012 Technology Conference on Thursday, May 24 and at the Cowen and Company 40th Annual Technology Media & Telecom Conference on Thursday, May 31.


On the downside


Lone Pine Resources (NYSE: LPR) widened first quarter losses.


Summer Infant (Nasdaq: SUMR) disappointed with flat first quarter earnings that fell far short of analyst expectations.

First quarter earnings tumbled for Cellcom (NYSE: CEL) as expenses rose.


In the broad market, declining outpaced advancers by a margin of nearly 7 to 5 on the NYSE while advancers outpaced decliners by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 780.

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