SVA, DRYS, LEN, KBH, PHM, PPO, SUPX Popular Stocks
U.S. stocks Mixed Tuesday, with the Dow Jones Industrial Average falling 0.02% to 9884, the Standard & Poor’s 500 sliding about 0.15% to 1075 but the Nasdaq Composite rising 0.07% to 2141.
Sinovac Biotech Ltd. (AMEX:SVA, $8.27, +$0.79, 10.56%), a developer and provider of vaccines in China, said its subsidiary received approval to distribute Panflu – its H5N1, or bird flu, pandemic influenza vaccine – in Hong Kong.
Lazard Capital Markets raised its stock-investment rating on dry-bulk shipper DryShips Inc. (NASDAQ:DRYS, $7.29, +$0.52, 7.68%) to buy from hold, saying new ultra-water drillship contracts over the next two quarters should be positive catalysts for the company.
Homebuilders recently traded near the top of the S&P 500, led by Lennar Corp. (NYSE:LEN, $15.23, +$0.89, 6.21%), KB Home (NYSE:KBH, $15.67, +$0.50, 3.30%) and Pulte Homes Inc. (NYSE:PHM, $10.69, +$0.34, 3.28%).
Polypore International Inc. (NYSE:PPO, $13.13, -$0.89, -6.35%) was cut to neutral from outperform by Baird, which said the supplier of lithium battery separators and other filtration systems remains attractive, but shares have gotten too expensive.
Supertex Inc. (NASDAQ:SUPX, $31.00, +$1.08, 3.61%) earned a bullish upgrade from Sidoti, which raised the company to buy ahead of its second-quarter results. The firm says it’s positive on the mixed signal semiconductor manufacturer as demand from the ultrasound market appears to have bottomed, while prospects for chips used in LED TVs and handsets are stronger due to adoption by key original equipment manufacturers.
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