Mid-Day Report

The markets traded mixed during the midday as a strong jobs report tempered news of rising oil prices. The Dow dropped 45 points to 13,523 while Nasdaq added a fraction to 2795.

On the upside

Synaptics (Nasdaq: SYNA) reported first quarter earnings that nearly tripled as revenue surged.

ThinkEquity Partners analyst Jonathan Hoopes (Nasdaq: ESLR) upgraded Evergreen Solar saying that its wafer cutting technology producers superior quality silicon wafers.

USEC (NYSE: USU) posted third quarter earnings that more than tripled as margins improved.

On the downside

Clinical information management system provider QMed (Nasdaq: QMED) is considering seeking bankruptcy protection after failing to raise sufficient capital to support operations.

Silicon Image (Nasdaq: SIMG) blamed higher expenses for a sharp drop in third quarter earnings and forecast disappointing fourth quarter as well as full year results.

DaVita (NYSE: DVA) was downgraded after reporting lower third quarter income that fell a penny short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by a margin of 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 793.

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