Mid-Day Report

Upbeat January retail sales lifted the markets higher during the midday with the Dow soaring 83 points to 12,457. Nasdaq leaped 31 points to 2351.

On the upside

Evergreen Solar (Nasdaq: ESLR) lowered the number of common shares to be offered in a public offering by 4 million to 16 million and priced the offering at $9.50 per share.

General Cable (NYSE: BGC) reported higher fourth quarter earnings that surpassed expectations.

Fourth quarter earnings rose to beat expectations for American Reprographics (NYSE: ARP)

On the downside

Although Anadigics (Nasdaq: ANAD) beat estimates for the fourth quarter, the chipmaker forecast first quarter results below expectations.

MGIC Investment (NYSE: MTG) blamed increasd mortgage delinquencies for swinging to a fourth quarter loss of $1.5 billion.

Fourth quarter earnings plunged for Dean Foods (NYSE: DF) due to higher dairy expenses and reorganization costs.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 715.

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