Investor Optimism Lifts Markets

The markets advanced during the midday with the Dow climbing 78 points to 15,170 on investor optimism. Nasdaq gained 26 points to 3465.

On the upside

Synacor (Nasdaq: SYNC) will showcase Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O.

Oppenheimer lifted its price target for SodaStream (Nasdaq: SODA) from $60 to $68.

A Seeking Alpha contributor expects Himax (Nasdaq: HIMX) stock to climb.

On the downside

Profit taking sank shares of Unilife (Nasdaq: UNIS).

Suburban Propane Partners (NYSE: SPH) priced its public offering of 2.7 million common units at the discounted price of $48.16 per common unit.

Velti (Nasdaq: VELT) widened first quarter losses as revenue dropped more than expected and warned that full year revenue would fall short of previous guidance.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index soared 13 points to 1647.

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