On the upside
Stockpickr listed Ubiquiti Networks (Nasdaq: UBNT) as one of five stocks on the verge of a breakout.
Goldman Sachs upgraded Frontline (NYSE: FRO) to a Neutral rating from Conviction Sell.
On the downside
TheStreet wrote that Peregrine Pharmaceuticals (Nasdaq: PPHM) continued to have a poor outlook. Morgan Stanley downgraded Staples (Nasdaq: SPLS) to an Equal Weight rating.
Research in Motion (Nasdaq: RIMM) began demonstrating its latest BlackBerry to wireless carriers but will not be able to sell them for several months.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 809.