10-4-13 10:38 AM EDT | Email Article
 

By Sue Chang and William L. Watts, MarketWatch

 

SAN FRANCISCO (MarketWatch) -- Tesla Motors Inc. shares rebounded Friday after three sessions of losses in the wake of a Youtube video showing a Model S car engulfed in flames after crashing into a large object.

 

Top Tickers Trending

 

$TSLA: Tesla (TSLA) rose 0.6%, but the stock is poised for a significant weekly decline following the circulation of the video. However, analysts have generally maintained their upbeat outlook on the electric-car maker. "Although this incident will likely weigh on near-term sentiment, we do not expect this to derail near-term Model S orders and delivery momentum," Craig Irwin at Wedbush wrote in a note on Thursday.

 

$VSO, $TSO: Valero Energy Corp. (VLO) and Tesoro Corp. (TSO) were the top trending tickers on Stock Twits. Both energy firms were recipients of friendly nods by analysts at Citi Research this week. The analysts upgraded both refiners to buy from neutral on Wednesday, but remained cautious on their peers. They said Tesoro would benefit from a tighter gasoline market in California, while Valero is poised to benefit from wider price differentials between oil grades over the next year. Valero was flat while Tesoro was down 0.6%.

 

Gainers

 

Delta Air Lines Inc. (DAL) shares gained 3.1%. Delta on Wednesday said its consolidated passenger unit revenue rose 5.5% in September, thanks to trans-Atlantic and domestic business.

 

Shares of H&R Block Inc. (HRB) climbed 3%. H&R Block's stock has been on a steady rise in recent days, in part due to a belief that its business will be bolstered by people who are required to file tax returns to receive a government subsidy for health insurance under the Affordable Care Act.

 

Shares of Discovery Laboratories Inc. (DSCOD) surged 46%. The company said the Food and Drug Administration had agreed to the company's updated product specifications for its Surfaxin intratracheal suspension, which was approved for the prevention of respiratory distress in premature infants.

 

Dentsply International Inc. (XRAY) shares rose 3.2%. The stock was raised to buy from underperform at Bank of America, according to Benzinga.

 

Decliners

 

CSX Corp. (CSX) shares fell 2%. CSX declared a quarterly dividend of 15 cents a share, unchanged from the previous quarter. Analysts at Cowen also noted recently that demand for large tank cars for Bakken crude is expected to drop sharply in the near future.

 

Phillips 66 (PSX) shares slid 1.3%. The stock has risen for three straight sessions, poised to finish the week slightly higher. The energy company on Wednesday declared a quarterly dividend of 39 cents a share, up 25%.

 

Xyratex Ltd. (XRTX) dropped 8.1%. The company late Thursday reported a 70% drop in third-quarter earnings and offered a somewhat downbeat fourth-quarter forecast. The U.K.-based maker of data-storage and manufacturing equipment said it expects fourth-quarter results to range between a loss of four cents and a profit of 20 cents on revenue of $190 million to $220 million. Analysts surveyed by Thomson Reuters had produced a forecast for profit of 16 cents on revenue of $218 million. Shares are up by around 43% for the year to date.

 

Forest Oil Corp. (FST) shares slid 5.3%. The company said late Thursday that it would sell its Texas Panhandle assets for $1 billion. The sale price exceeds Forest's roughly $770 million market cap, based on the value of shares at Thursday's close.

-Sue Chang; 415-439-6400; AskNewswires@dowjones.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

10-04-13 1038ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/10/4 - UPDATE: Tesla recovers after three days of losses
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: UPDATE: Tesla recalls announced as shipments top target  |  Next: UPDATE: Tesla recovers from selloff; Questcor surges on buyout