The market review for April 13

Trading on the U.S. stock market on Monday, April 12, began rising through a number of indices of positive corporate news and a weakening of the pressure the Greek factor.16 ministers of the euro area have agreed to provide in the current year credit of Greece in the amount of 30 billion euros and 10 billion euros will be allocated to the IMF. In addition, it was decided that in case of a loan Greece will pay for it for about 5% per annum.The Minister of Finance of Greece Georgios PAPACONSTANTINOU stated that the purpose of Athens today is to continue borrowing from external markets without activation mechanism of financial assistance from the European Union.That is, Greece demonstrates the confidence of their forces, but from the insurance does not refuse. Bidders such a disposition of things more than arranged, and on Monday the long-awaited overcome the Dow Jones psychologically important resistance level of 11000 points.

As a result of trading on April 12 the Dow Jones index rose by 8.62 points (0.08%) – up to 11,005.97 points, NASDAQ rose by 3.82 points (0.16%) – up to 2,457.87 points, S & P added 2.11 points (0.18%) and amounted to 1,196.48 points.

Dynamicsshares of the metallurgical industry representatives were in different directions, although a marked increase in prices for industrial metals could contribute to the formation and a more positive picture. Thus, lower finished the day United States Steel Corp. (-1,08%), AK Steel Holding Corp. (-1,13%), Freeport-McMoRan Copper & Gold Inc. (-1.48%) And Newmont Mining Corp. (-1.22%).To gain a foothold above the closing quotations of last Friday was Southern Copper Corp. (0.06%), and the most significant increase in market capitalization has demonstrated the world’s second volume of smelting aluminum company Alcoa Inc. (1.25%). After the end of trading session, Alcoa shall submit a financial report for the I quarter of 2010.Analysts expect profit of about 9 cents per share.

Another company, rejoiced on Monday “bulls”, became American International Group Inc. (AIG).Her paper soared in price by 8,08% due to the emergence of data that the officials of the U.S. Treasury (United States Department of the Treasury) to discuss options for addressing the state as a shareholder saved the insurance company.Among other insurers in the “plus” day were able to complete only those companies that specialize in health insurance: Unitedhealth Group Inc. (+0,01%), WellPoint Inc. (0.13%) and MetLife Inc. (0.8%). For the remaining session formed less well: the action The Travelers Companies Inc. fell by 0,73%, Aflac Inc. – On 0,36%, The Chubb Corp. – On 0,08%, Cigna Corp. – On 0,57%, Aetna Inc. – On 0,33%.

Quotations of one of the world’s leading manufacturers of construction and agricultural equipment Caterpillar Inc. (2.24%) supported the increase forecast by securities companies with “neutral” to “above market,” analyst Robert W. Baird & Co. Optimism experts associated with improving fundamental characteristics of Caterpillar.In addition, on April 12 became aware of the plans of the company on April 26 to submit its financial results for the I quarter of 2010. Quotations of another player industry, Deere & Co., Too, grew up – on 0,58%.

At the 17.05% shares soared manufacturer smartphones Palm Inc.against the background of rumors that he is this week considering offers from potential buyers. Candidates for the acquisition of Palm are Chinese group Lenovo and the Taiwanese smartphone manufacturer HTC Corp. On paper the other tech companies investors are also in no hurry to get rid: Google Inc.increased by 1,15%, Apple Inc. – On 0,21%, Motorola Inc. – On 0,41%, and Microsoft Corp. limited decrease in 0,07%.

Trading session on Monday was quite volatile, which is due to some nervousness of investors who buy shares now at prices that were not already about one and a half years.Perhaps the economic realities and not have to purchase quite expensive papers, but in the U.S. corporate reporting season begins, and the last few seasons have been able to bring to auction a lot of positives. And now the disappointing financial results from corporations nobody expects.From a technical point of view, even an insignificant increase in the Dow Jones and its closure by only 6 points above the resistance level creates the potential for further upward movement – to the immediate objective of 11245 points.

Alcoa Inc. (AA:US) had the third-biggest gain in the Dow Jones Industrial Average, climbing 1.3 percent to $14.57. The largest U.S. aluminum producer is due to report first-quarter earnings after the close of trading today. Analysts, on average expected the company to earn 9 cents a share, according to a Bloomberg survey.

Alphatec Holdings Inc. (ATEC:US) had the second-biggest drop in the Russell 2000 Index, sliding 8.3 percent to $5.84. The maker of medical devices said it will delay the introduction in the U.S. of OsseoScrew, an expandable pedicle screw designed for bone requiring additional fixation, because the Food and Drug Administration requires additional data. Separately, HealthpointCapital Partners LP offered to sell 8 million shares, cutting its stake to 12.5 percent, according to a regulatory filing.

Ambac Financial Group Inc. (ABK:US) rallied 104 percent, the most ever, to $2.25. The bond insurer soared for a second day after reporting fourth-quarter net income of $558.1 million, reflecting a tax benefit and unrealized gains on derivatives.

American International Group Inc. (AIG:US) rose 8.1 percent to $41.22, the highest price since Oct. 22. Treasury officials are discussing ways to extricate the U.S. from its stake of almost 80 percent in the bailed-out insurer, the Wall Street Journal reported, citing unidentified people familiar with the situation.

ArvinMeritor Inc. (ARM:US) rose 6.3 percent to $15.02, the highest price since September 2008. The maker of parts for cars and trucks was added to the “Conviction Buy” list at Goldman Sachs Group Inc., which also raised its share-price estimate to $19 from $15.

Boots & Coots Inc. (WEL:US) surged 26 percent, the most since October 2003, to $2.95. The company that fights oil-well fires agreed to be bought by Halliburton Co. (HAL:US) for about $240.4 million in stock and cash, or $3 per share.

Bruker Corp. (BRKR:US) climbed 3 percent to $14.92, the highest price since September 2008. The maker of laboratory instruments may rise as much as 33 percent during the next year as biotechnology research by governments, universities and corporations expands, Barron’s reported, citing Jose Haresco, an analyst at Brean Murray Carret & Co. in New York.

California Pizza Kitchen Inc. (CPKI:US) increased 1.6 percent to $21.07, the highest price since July 2007. The restaurant chain said it is reviewing options including a possible sale and reported preliminary first-quarter earnings that beat its forecast.

Caterpillar Inc. (CAT:US) had the biggest gain in the Dow Jones Industrial Average, rising 2.2 percent to $66.73. The world’s largest maker of bulldozers and excavators was raised to “outperform” from “neutral” at Robert W. Baird & Co., which cited improving fundamentals.

Ciena Corp. (CIEN:US) climbed 7.6 percent to $17.49, the highest price since September 2008. The maker of fiber-optic network gear was raised to “buy” from “underperform” at Bank of America Corp.

Clean Energy Fuels Corp. (CLNE:US) dropped 7.6 percent, the most since Sept. 1, to $19.82. The company co-founded by billionaire T. Boone Pickens to provide natural gas for motor vehicles may fall as much as 30 percent because of a potential warrant exercise by Pickens by 2012, Barron’s reported, without citing anyone.

Double-Take Software Inc. (DBTK:US) gained 20 percent, the most since April 2008, to $10.44. The maker of software to protect data said it received “indications of interest” to acquire the company.

DynCorp International Inc. (DCP:US) surged 48 percent to $17.41 for the third-biggest gain in the Russell 2000 Index. The defense contractor that’s helped trained Iraqi police agreed to be acquired by Cerberus Capital Management LP for about $1.5 billion, including the assumption of debt.

Expedia Inc. (EXPE:US) rose 2.5 percent to $25.18, the first gain in four days. The online travel agency was upgraded to “overweight” from “neutral” by Piper Jaffray Cos.

Javelin Pharmaceuticals Inc. (JAV:US) had the second- biggest gain in the Russell 2000 Index, soaring 60 percent to $2.15. The developer of pain medications said it received an offer from Hospira, Inc. (HSP:US) to buy the company at $2.20 a share, ending a merger agreement by Myriad Pharmaceuticals Inc. (MYRX:US) Myriad increased 10 percent to $5.

Mirant Corp. (MIR:US) jumped 18 percent to $12.68 for the second-biggest advance in the Russell 1000 Index. The Atlanta- based electricity producer and RRI Energy Inc. (RRI:US) will combine their companies in a $1.6 billion stock transaction to cut costs and take advantage of an expected recovery in power prices, the two companies said yesterday.

RRI Energy climbed 15 percent to $4.53.

NYSE Euronext (NYX:US) gained 5.9 percent, the most since July 13, to $32.31. The operator of the biggest U.S. stock exchange had its 2010 earnings estimate increased to $2.38 a share from $2.25 a share at JPMorgan Chase & Co. because of “higher growth potential in derivatives volume.”

Palm Inc. (PALM:US) rose 17 percent to $6.04, the highest price since March 3. The creator of the Pre smartphone is seeking bids for the company as early as this week, according to three people familiar with the situation.

Peabody Energy Corp. (BTU:US) rose 3.6 percent, the most since Feb. 16, to $48.01. The world’s biggest coal producer is in preliminary talks with Coal India Ltd. over “long-term” supply agreements and potential cooperative ventures, Vic Svec, vice president of corporate communications, said today in an e- mailed statement.

St. Jude Medical Inc. (STJ:US) rose 3 percent to $42.46, the highest price since October 2008. The maker of devices to treat irregular heartbeats was upgraded to “neutral” from “sell” at Goldman Sachs Group Inc. and to “buy” from “hold” by Jefferies Group Inc.

Texas Instruments Inc. (TXN:US) gained 3 percent to $25.69, the highest price since Jan. 11. The chipmaker was raised to “outperform” from “neutral” at Credit Suisse Group AG, which said that robust demand should support revenue growth.

Under Armour Inc. (UA:US) rose 2.1 percent to $32.95, thie highest price since Oct. 26. The maker of polyester workout gear was raised to “overweight” from “neutral” at Piper Jaffray Cos. The 12-month share-price estimate is $41.

Vertex Pharmaceuticals Inc. (VRTX:US) fell 1.1 percent to $39.26, the lowest price since Feb. 16. The drugmaker was downgraded to “neutral” from “overweight” at JPMorgan. The 9-month share-price estimate is $43.

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