On the upsideWyndham Worldwide (NYSE: WYN) posted higher 1st quarter profits as cost-cutting offset reduced demand for hotel and vacation time shares.
Shares of drug developer Dendreon (Nasdaq: DNDN) recovered after a mysterious sell-off that halved the stock price late yesterday. Analysts reiterated that its prostate cancer drug treatment hold promise.
Managed computing services provider Savvis (Nasdaq: SVVS) reported higher revenues and earnings and reaffirmed its outlook.
On the downside
E*Trade Financial (Nasdaq: ETFC) posted a sizable loss as the online brokerage prepared to raise more capital to shore up its balance sheet. Analysts promptly downgraded the stock.
Shares of VF Corp (NYSE: VFC) fell sharply after the apparel maker reported lower 1st quarter profits and lowered its outlook for the rest of the year.
broad market, advancing issues outpaced decliners by a margin of more
than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell
2000 which tracks small cap stocks rose 7 points to 480.