Closing Bell Report

The Federal Reserve's plan to infuse the financial markets with $200 billion lifted the markets to close sharply higher with the Dow leaping 417 points to 12,157. Nasdaq jumped 86 points to 2256.

On the upside

Credit Suisse analyst Paul Lejuez upgraded Lululemon Athletica (Nasdaq: LULU) for its low stock price.

Shares of JA Solar Holdings (Nasdaq: JASO) surged as analysts lauded the solar products company for its silicon supply and named the company a "best-in-breed" manufacturer. The company releases earnings tomorrow.

Piper Jaffray (NYSE: PJC) expects revenue in Asia to increase by 20% per year.

On the downside

A profit warning from WellPoint (NYSE: WLP) sent shares of rival managed healthcare company Coventry Health Care (NYSE: CVH) tumbling.

Shares of Cigna (NYSE: CI) plunged after rival health insurer WellPoint (NYSE: WLP) slashed its 2008 guidance.

Analysts cut their price target for MoneyGram International (NYSE: MGI) in half after the company agreed to grant an investment team a larger stake in the company at a lower price.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 30 points to 674.

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