On the upside

Winn-Dixie (Nasdaq: WINN) narrowed first quarter losses as margins improved and costs declined.

On Friday, Sierra Wireless (Nasdaq: SWIR) reported sharply higher third quarter earnings and forecast fourth quarter results ahead of expectations.

A Barron's article said that Weyerhaeuser (NYSE: WY) stock will double in value.

On the downside

Schnitzer Steel (Nasdaq: SCHN) blamed higher costs for a drop in fourth quarter earnings that fell short of expectations.

Office Depot (NYSE: ODP) delayed the release of its third quarter earnings while its audit committee reviews vendor program funds.

Third quarter earnings for Kaydon (NYSE: KDN) fell due to higher costs from a wind energy project.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by a margin of nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a fraction to 821.