Weekly Market Recap: Dean Foods a Cash Cow, No Deal for Samsung and RIM

Monday

Markets closed up on Wall Street today: Dow +0.16%, S&P +0.23%, Nasdaq +0.74%, Oil +0.73%, Gold +0.29%.

On the commodities front, Oil (NYSE:USO) rose to $92.09 a barrel. Precious metals also increased, with Gold (NYSE:GLD) rising to $1,614 an ounce while Silver (NYSE:SLV) rose 0.88% to settle at $27.87.

Here’s your Cheat Sheet to today’s top stock stories:

As Apple (NASDAQ:AAPL) and Samsung met in court last week, an internal email was released revealing that Apple executives have been interested for some time in the possibility of a smaller tablet device comparable in size to either Amazon’s (NASDAQ:AMZN) Kindle Fire or Google’s (NASDAQ:GOOG) Nexus 7. The email would seem to confirm rumors that Apple has a 7-inch “iPad Mini” in the works, but further demonstrates that Apple keeps an eye on products other companies are releasing, even if they are in a sector in which it doesn’t compete.

Don’t Miss: Is Apple About to CHALLENGE Facebook?

Best Buy Co. shares (NYSE:BBY) jumped 11 percent. Company founder Richard Schulze offered to take the company private with a premium of up to 47 percent over Friday’s closing share price. Schulze resigned from the company in June and said he would explore options for his 20.1 percent ownership share. His deal places a $8.84 billion value on Best Buy.

First Solar Inc. (NASDAQ:FSLR) shares rose 10 percent. The company reported better-than-expected quarterly earnings on Wednesday with its $1.27 a share for the quarter, up from $0.70 in the previous year. It also increased its full-year earnings and revenue outlook.

On the down side, Knight Capital Group (NYSE:KCG) shares tanked 24 percent after last week’s $400 million–plus trading error. Early on Monday, the NYSE said it would move the firm’s custodial role for numerous stocks to Getco LLC. The market maker also lined up a $400 million equity package involving convertible preferred stock.

Tyson Foods (NYSE:TSN) shares fell 7 percent after the company reported its third quarter profit fell 61 percent. The company slashed its revenue forecast and said it is facing challenges in its beef and pork businesses along with increasing grain prices.

Don’t Miss: The Week Ahead on Wall Street: Eyes on ECB, Disney and Retailers Deliver Earnings.

Tuesday

Markets closed up on Wall Street today: Dow +0.39%, S&P +0.51%, Nasdaq +0.87%, Oil +1.31%, Gold -0.51%.

On the commodities front, Oil (NYSE:USO) rose to $93.44 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) falling to $1614.00 an ounce while Silver (NYSE:SLV) increased 0.22% to settle at $28.08.

Here’s your Cheat Sheet to today’s top stock stories:

Sirius XM Radio Inc. (NASDAQ:SIRI) reported net income above Wall Street’s expectations for the second quarter. The stock rallied over 2 percent on the news. Net income rose to $3.13 billion (48 cents per share) vs. $173.3 million (3 cents per share) in the same quarter a year earlier. This marked a substantial increase from the year-earlier quarter. Revenue also increased 12.5 percent to $837.5 million from the previous year’s quarter.

Don’t Miss: Amazon Has BIG Hopes From This Facebook Foray.

Fossil Inc.’s (NASDAQ:FOSL) shares jumped 32 percent after the company reported a second-quarter earnings increase of 12 percent. It incurred broad-based sales growth in its wholesale segment while a stronger U.S. dollar slightly pared down global sales.

MGM Resorts’ (NYSE:MGM) shares increased 9 percent after the company noted in its second quarter earnings report on Tuesday that it will refinance some of its long-term debt at “progressively lower rates.” It did report a loss for the quarter but saw a jump in revenue to $2.3 billion from $1.8 billion.

On the down side, Leap Wireless International’s (NASDAQ:LEAP) shares fell 21 percent. The company’s second-quarter loss tightened thanks to bringing in additional revenue per user. Results did come in lower than Wall Street expectations; the quarter also saw customers exiting.

Heckmann Corp.’s (NYSE:HEK) shares also tanked 21 percent. On Monday after the bell, the company reported a higher second-quarter profit and revenue but saw a slowdown in the Haynesville Shale region for natural-gas drilling.

Don’t Miss: How Many New iPhones Can Apple Sell?

Wednesday

Markets closed up on Wall Street today: Dow +0.05%, S&P +0.06%, Nasdaq -0.15%, Oil -0.32%, Gold +0.12%.

On the commodities front, Oil (NYSE:USO) declined to $93.38 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) rising to $1,615.00 an ounce while Silver (NYSE:SLV) fell 0.08% to settle at $28.01.

Here’s your Cheat Sheet to today’s top stock stories:

Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) have both bid between $150 million and $250 million for 1,100 digital patents being auctioned by Eastman Kodak, according to aWall Street Journal report. Bankrupt Kodak is selling the patents, which it believes could be worth $2.6 billion, in order to repay creditors. Kodak filed for Chapter 11 protection in January after failing to adequately adapt during the shift from film to digital photograph.

Express Scripts’ (NASDAQ:ESRX) shares increased 8 percent. The company reported that its second-quarter net earnings plummeted 49 percent as it absorbed acquisition costs. The numbers did exceed analysts expectations, driving a greater full-year forecast.

Dean Foods’ (NYSE:DF) shares jumped 37 percent. After the bell on Tuesday, the company released its second quarter earnings that included a profit. It announced plans to spin off  its growing organic dairy products and soy milk division.

Orbitz Worldwide’s (NYSE:OWW) shares fell 25 percent after announcing its second-quarter results. Earnings tanked 48 percent from a revenue decline and higher marketing costs. The company tightened up its profit and revenue outlook.

Orbitz’s foe Priceline.com’s (NASDAQ:PCLN) shares also dropped on Wednesday, down 16 percent. On Tuesday the company said its second-quarter earnings exceeded expectations but it offered a disappointing forecast thanks to the economic problems in Europe.

Thursday

Markets closed mixed on Wall Street today: Dow -0.08%, S&P +0.04%, Nasdaq +0.25%, Oil +0.35%, Gold +0.25%.

On the commodities front, Oil (NYSE:USO) rose to $93.69 a barrel. Precious metals also increased, with Gold (NYSE:GLD) rising to $1620 an ounce while Silver (NYSE:SLV) rose 0.04% to settle at $28.11.

Here’s your Cheat Sheet to today’s top stock stories:

E-Trade Financial Corp.’s (NASDAQ:ETFC) shares rose 7 percent after company announced that CEO Steven Freiberg will leave the company. He’ll be replace in the interim by Frank Petrilli; he currently serves as the chairman on E-Trade’s board of directors.

Allscripts Healthcare Solutions Inc.’s (NASDAQ:MDRX) shares increased 18 percent. After Wednesday’s close, the company announced that it raised its full year per-share earnings outlook. This comes from a shares outstanding reduction and a borrowing increase from stock repurchases. The company has now forecast earnings per share of 77 cents to 83 cents, up from 74 cents to 80 cents.

Robbins & Myers (NYSE:RBN) shares jumped 27 percent after Varco Inc. (NYSE:NOV) said it would acquire the company for $2.55 billion. With the deal, it will broaden the company’s tools, pumps and valves offerings utilized for oil production.

On the down side, Boingo Wireless’ (NASDAQ:WIFI) shares dropped 25 percent after its second-quarter results came in a little lower than estimates; it issued a forecast for the current period lower than its targets. For September, Boingo expects revenue in the range of $25.5 million to $26.5 million, while earnings fall in the $0.05 to $0.06 per share range. Analysts had forecast revenue at $28.9 million with an $0.08 earnings per share for this quarter.

SunPower Corp.’s(SPWR) shares dropped 10 percent after the company reported its second quarter earnings after the bell on Wednesday. It missed revenue estimates and its earning outlook was not well received.

Friday

Markets closed up on Wall Street today: Dow +0.32%, S&P +0.22%, Nasdaq +0.07%, Oil –0.04%, Gold +0.14%.

On the commodities front, Oil (NYSE:USO) declined to $93.35 a barrel. Precious metals closed mixed, with Gold (NYSE:GLD) rising to $1,622 an ounce while Silver (NYSE:SLV) fell 0.01% to settle at $28.08.

Here’s your Cheat Sheet to today’s top stock stories:

Samsung will not acquire Research in Motion (NASDAQ:RIMM) or license the BlackBerry maker’s new mobile operating system, the South Korean electronics company said on Thursday. Lack of support from potential partners like Samsung could spell more trouble for RIM, which is seeking options to help turn around its embattled business.

But help could be on the way as its shares increased almost 5 percent on Friday. Bloomberg News reported that International Business Machines Corp. (NYSE:IBM) made an informal inquiry about possibly buying RIM’s enterprise-services division.

Groupon Inc.’s (NASDAQ:GRPN) shares rose 12 percent and are poised for a busy trading day on Monday when it reports its second quarter results after the bell. In a client research note, Morgan Stanley analyst Scott Devitt reiterated his “Bullish Overweight” rating on the company and wrote that he expects “an in-line or better quarter” for Groupon.

Janus Capital Group Inc.’s (NYSE:JNS) shares increased 10 percent. The company announced it reached an agreement for Japan’s Daiichii Life Insurance to purchase up to a 20 percent share in it and invest with $2 billion from its general account assets.

On the down side, Yahoo Inc.’s (NASDAQ:YHOO) shares dropped 6.1 percent after the company warned that it may not return all of the cash it receives after selling its share of Alibaba to shareholders. It was also downgraded to “Neutral” by Bank of America/Merrill Lynch.

After the close on Thursday, Roundy’s Inc. (RNDY) lowered its financial forecast, noting an “increasingly price-conscious consumer and greater-than-anticipated pricing and promotional activity in several of our major markets.” On Friday, the company’s shares dropped 25 percent.

More from The Cheat Sheet