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4:10 pm: From Briefing.com: It was another day and another session where the stock market simply refused to buckle to selling interest. The major indices all logged modest gains, which is noteworthy given how far they have advanced from their mid-October lows.
There wasn't a lot of news driving Monday's gains, which leads one to think that the fear of missing out on a year-end rally continues to keep a bid in the market.

The S&P 500 and S&P 500 information technology sector were in sync on Monday as each increased 0.3%. Apple (AAPL 108.8, -0.20) didn't help either as it dipped 0.2% on light volume.

A renewed spring in the step of the semiconductor stocks, which have gotten tripped up the last few sessions, helped make a winning difference for the sector.

Texas Instruments (TXN 51.56, +0.66), NVIDIA (NVDA 20.02, +0.23), Lam Research (LRCX 79.92, +0.99), and Applied Materials (AMAT 22.63, +0.20) were among the standouts that also helped drive a 0.8% gain in the Philadelphia Semiconductor Index.

Intel (INTC 33.26, -0.32), however, was a notable laggard. It dipped 1.0% on no news.

Separately, Cisco (CSCO 25.15, -0.18) trailed behind as well in what was a tough day for many stocks catering to the telco space after AT&T (T 35.12, +0.21) noted its FY15 capital expenditures would be in the $18 billion range versus a budget of $21 billion for FY14.

Stocks getting caught in AT&T's capex web included the likes of Alcatel Lucent (ALU 3.17, -0.15), Ciena (CIEN 15.31, -1.31), ADTRAN (ADTN 20.11, -1.42), Ericsson (ERIC 11.63, -0.17), and Juniper Networks (JNPR 21.50, -0.41).

AT&T issued that capex guidance in conjunction with the news that it plans to acquire lusacell, Mexico's third-largest wireless operator.

In another notable piece of news, Internet service providers were under the gun after President Obama advanced his views on net neutrality to the FCC, suggesting that the consumer broadband business should be reclassified and regulated more like a public utility. AT&T voiced its opposition to the idea of regulating the Internet, saying it would participate in a legal challenge to such action should the FCC put such rules in place. Comcast (CMCSA 52.95, -2.20), Time Warner Cable (TWC 136.50, -7.10), and Verizon (VZ 50.72, -0.14) clearly weren't fans of the president's proposals either.

Moving on, there were a whole lot of fans of Alibaba Group (BABA 119.15, +4.59) on Monday, which said it sold $2 billion in gross merchandise value in just over an hour as part of its 11.11 Shopping Festival. That festival represents the world's largest 24-hour online sale.

BABA's performance along with the enthusiasm in China over the November 17 launch date for the Shanghai-Hong Kong Stock Connect, which will enable foreign investors to buy and sell Shanghai 'A' shares using Hong Kong brokers, drove some big gains in the Chinese Internet stocks. Weibo (WB 19.74, +0.71), Changyou.com (CYOU 23.40, +0.99), YY, Inc. (YY 82.43, +2.93), Baidu (BIDU 247.58, +11.04), Dangdang (DANG 13.26, +0.49), and Qihoo 360 Technology (QIHU 74.00, +2.71) all jumped more than 3.0% in Monday's trading.

Naturally, what proved to be good for Alibaba also proved to be good for Yahoo (YHOO 49.41, +0.86), one of its largest shareholders.

With Monday's gains, BABA and YHOO are up 40% and 31%, respectively, from their mid-October lows.

[BRIEFING.COM] The stock market began the new trading week on an unassuming note with the key indices registering modest gains. The S&P 500 added 0.3% while Russell 2000 (+0.5%) outperformed.

Equity indices began the trading near their flat lines after the overnight session did little to change investor sentiment. China's Shanghai Composite stood out, soaring 2.3%, after it was confirmed that the Shanghai-Hong Kong exchange link will begin operating on November 17.

Domestically, the S&P 500 resisted some mild selling efforts during the opening hour, but was able to advance alongside the biotechnology group. The iShares Nasdaq Biotechnology ETF (IBB 295.20, +5.06) gained 1.7% while the health care sector (+1.0%) settled in the lead despite starting among the laggards. Dow component Merck (MRK 58.81, -0.53) lost 0.9% after reporting disappointing trail data, but that had little impact on the sector.

Like health care, the remaining countercyclical groups started in the red, but ended with gains. The consumer staples sector added 0.4% with Dean Foods (DF 16.40, +1.98) surging 13.7% after beating bottom-line estimates and guiding Q4 earnings above consensus.

Elsewhere, the six cyclical sectors ended mixed with respect to the market. Technology (+0.3%) struggled at the start, but was able to end in-line with the S&P 500 amid strength in chipmaker names. The PHLX Semiconductor Index settled higher by 0.8% with just four names registering losses.

Similarly, industrials (+0.5%) and financials (+0.5%) finished ahead of the market while consumer discretionary (-0.1%) and energy (-0.8%) spent the bulk of the session in the red.

The discretionary sector was sent to lows during morning action after President Obama said the Federal Communications Commission should regulate the internet like a utility. The news pressured internet service providers with Charter Communications (CHTR 146.62, -9.75), Comcast (CMCSA 52.95, -2.20), and Time Warner Cable (TWC 136.50, -7.10) losing between 4.0% and 6.2%.

Meanwhile, homebuilders prevented the sector from registering additional losses. The iShares Dow Jones US Home Construction ETF (ITB 24.79, +0.24) rose 1.0% with Toll Brothers (TOL 32.96, +0.74) jumping 2.3% after issuing strong guidance for the fourth quarter.

For its part, the energy sector started in the lead, but slid to the bottom of the leaderboard with crude oil adding pressure. The energy component fell 1.4% to $77.26/bbl. Greenback strength presented a headwind with the Dollar Index (87.81, +0.16) erasing its overnight loss to end higher by 0.2%.

Treasuries retreated throughout the session, sending the 10-yr yield higher by six basis points to 2.36%.

Participation was in-line with long-term averages as 700 million shares changed hands at the NYSE floor.

Investors did not receive any economic data of note and tomorrow's session will also be quiet on the economic front. Also of note, the bond market will be closed for Veterans Day.
Nasdaq Composite +11.4% YTD S&P 500 +10.3% YTD Dow Jones Industrial Average +6.3% YTD Russell 2000 +1.4% YTD

4:42 pm STMicroelectronics announced that it has completed the repurchase of 20 mln shares of its common stock under its share buy-back program (STM) : The shares were repurchased between July 7 and November 10, 2014 on the Borsa Italiana Stock Exchange in open market transactions for a total of about $156 mln.

4:17 pm Juniper Networks announced that Rami Rahim has been named CEO, effective immediately; Shaygan Kheradpir has resigned as CEO and director of the company (JNPR) : Co announces that Rami Rahim has been named CEO, effective immediately. Rahim has also been appointed to the BoD. Rahim previously served as executive vp and general manager, Juniper Development and Innovation.
Shaygan Kheradpir has resigned as CEO and director of the Co. His resignation follows a review by the BoD of his leadership and his conduct in connection with a particular negotiation with a customer.

4:10 pm Vivint Solar misses by $0.39, beats on revs; guides Q4 revs below consensus (VSLR) : Reports Q3 (Sep) loss of $0.66 per share, excluding non-recurring items, $0.39 worse than the Capital IQ Consensus of ($0.27); revenues rose 260.9% year/year to $8.3 mln vs the $7.49 mln consensus.

MW Booked of ~62 MWs for the quarter, up 206% year-over-year. MW Installed of ~49 MWs, up 196% year-over-year. Total cumulative MWs installed were ~178 MWs as of September 30, 2014. Installations were 6,935 for the quarter, up 137% year-over-year. Cumulative installations were 28,856 as of September 30, 2014.

4:05 pm Rackspace beats by $0.01, reports revs in-line; guides Q4 revs below consensus (RAX) : Reports Q3 (Sep) earnings of $0.16 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.15; revenues rose 18.4% year/year to $460 mln vs the $458.62 mln consensus. Total server count in the third quarter of 2014 increased to 110,453, up from 107,657 servers at the end of the previous quarter. Revenue per server grew to $1,405 per month up from $1,375 in the previous quarter. Co issues downside guidance for Q4, sees Q4 revs of $469-476 mln vs. $477.02 mln Capital IQ Consensus Estimate; This range includes an expected negative foreign currency impact of approximately $5 million in the quarter or 110 basis points of sequential growth; Co expect Adjusted EBITDA margin to range between 33 percent to 35 percent for the fourth quarter of 2014.

12:35 pm Notable movers of interest (:SCANX) : The following are some of today's most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).

Large Cap Gainers


BMRN (86.86 +3.52%): Upgraded to Buy from Neutral at Goldman; tgt raised to $104 from $78.
NSC (116.13 +2.9%): Upgraded to Overweight from Equal-Weight at Morgan Stanley.
TGT (65.49 +2.05%): Upgraded to Buy at Stifel ahead of earnings, $76 PT.

Large Cap Losers

TWC (137.57 -4.2%): Lower following comments from President Obama calling for increased internet regulation (CMCSA & CHTR also lower).
PBR (10.57 -3.03%): Reports out that the company may face a criminal US investigation for alleged bribery.
GM (30.96 -1.99%): Lower following reports that the company had ordered replacement ignition switches two months before announcing the recall.

Mid Cap Gainers

DDD (36.15 +4.87%): Reported Q3 in-line with downside preannouncement; reaffirmed lowered FY14 guidance.
OIBR (0.5 +4.49%): Higher following reports that the daughter of Angola's President made a $1.5 bln bid for Portugal Telecom (PT).
FEYE (31.92 +4.25%): Added to Focus List at JP Morgan.

Mid Cap Losers

RYN (29.29 -13.6%): Beat Q3 consensus estimates by $0.08, missed on revs; realigns strategy, cut dividend 17%, restated financials from Q1/2; lowered FY14 guidance, guided FY15.
MTZ (25.29 -11.67%): Downgraded to Hold from Buy at BB&T Capital Mkts; lower following AT&T (T) announcing FY15 capex would be down almost 15% y/y.
JCP (7.28 -6.91%): Cautious view shared in a profile by Barron's this weekend.

11:44 am Stocks/ETFs that traded to new 52 week highs/lows this session - New highs (218) outpacing new lows (47) (:SCANX) : Stocks that traded to 52 week highs: ABBV, ABCB, ABG, ACCO, ACE, ADP, ADSK, AEL, AFG, AIRT, ALK, ALL, AMAG, AMBA, AMP, AMRE, AMWD, ANIP, ASBC, ASH, ATNI, BABA, BAM, BC, BDL, BG, BJRI, BLUE, BMRN, BPY, BR, BRK.A, BRKL, BUSE, CACC, CASY, CB, CDK, CEA, CFFN, CFR, CHDN, CHRS, CLC, CNBKA, CPN, CQB, CRMT, CSX, CTSH, CVA, CVS, DDR, DENN, DFS, DHR, DHX, DIN, DPLO, DPZ, DRE, DXCM, EROS, ETP, EW, FCZA, FDP, FDS, FFBC, FFG, FII, FTD, FTNT, FUR, GEO, GMCR, GPC, GPI, GPN, GSBC, GWB, HAWK, HBOS, HCSG, HI, HIG, HII, HTBK, HURC, HVB, IDTI, IDXX, IFN, INGN, INGR, INTU, IP, ITC, ITW, JAH, JBLU, JCOM, JPM, KR, KWR, LEG, LEN, LG, LLY, LNBB, LNT, LSTR, LUV, MCO, MERC, MFRM, MGEE, MKL, MMC, MMM, MNR, MNST, MO, MPAA, MRGE, MSEX, MTD, MUSA, NAVG, NCLH, NEE, NU, NWN, ODFL, OZRK, PAHC, PANW, PEBK, PERY, PII, PLKI, PLL, PLNR, PLOW, PLT, POR, PPL, QTM, RAI, RDY, RGA, RGLS, RHI, RJF, ROG, ROL, ROST, SALM, SAVE, SBCF, SCG, SCSS, SEE, SERV, SFST, SHW, SIG, SLM, SMCI, SNE, SPR, SQBK, SRCL, SSNC, STRA, STT, SWIR, SWK, SXT, SYF, TARO, TDY, TFSL, TGS, TOF, TREE, TRV, TSRA, TXN, TXRH, UBSI, UEIC, UGI, UIL, UNP, UPS, UTL, UVE, VAL, VDSI, VFC, VOYA, VPRT, WAB, WAL, WGL, WM, WR, WRI, WSBF, WTR, WU, WWAV, XNPT, Y, YHOO, ZLTQ, ZTS

Stocks that traded to 52 week lows: ABIO, AKBA, AMRN, AMSC, ANF, ATL, AVL, BVSN, CHLN, CRNT, CVO, CYRN, CYTX, DCIX, DNDN, DSS, EPRS, ESSX, EVGN, FRPT, GBSN, HNSN, INVN, KOP, KTOS, LIQT, LOV, LPHI, MIND, MIXT, NADL, NAVB, NKA, OGXI, PANL, PFMT, PRTO, REN, RYAM, RYN, TCPI, THRX, UG, UVV, VOLC, XNY, YUMA

ETFs that traded to 52 week highs: DIA, DVY, IGV, IWF, IYF, IYG, IYJ, IYK, IYT, OEF, RTH, SDY, SPY, UYG, VTI, XLF, XLI, XLK, XLP

ETFs that traded to 52 week lows: none


9:07 am JDS Uniphase: Sandell to vote against Director nominees at JDS Uniphase; Investor retains proxy solicitation firm Okapi Partners to advise; potential value estimated at between $19 and $26 per share (JDSU) : Sandell Asset Management Corp has announced its intent to vote against certain of the company's nominees for Director at JDSU's 2014 Annual Meeting of Stockholders. Sandell had originally notified the Company of its intention to make a precatory proposal requesting that the Board task its financial advisors to evaluate further strategic alternatives, in addition to the previously announced proposed spin-off of its CCOP business, to maximize the value of the Company's various business segments as well as its substantial tax assets in a timely manner; however, the Company refused to include the proposal in its proxy statement. Proxy solicitation and investor response firm Okapi Partners LLC has been retained by Sandell to provide advice in regards to any shareholder outreach efforts.

8:32 am Solar Power announced that its newly established and wholly owned subsidiary, SPI Solar Power Engineering, entered into two engineering, procurement and construction agreements for an aggregate of 80 megawatts of solar projects in China (SOPW) : Co announces its wholly owned subsidiary, SPI Solar Power Engineering (Suzhou Xinwei), entered into two engineering, procurement and construction (:EPC) agreements for an aggregate of 80 megawatts (MW) of solar projects in China. The two agreements call for Suzhou Xinwei to provide EPC services to two projects - one ground-based utility project of 70 MW in Huade County, Inner Mongolia Region and one distributed generation project of 10 MW in Shunde County, Guangdong Province.

Construction of the Huade Project is scheduled to begin in early Dec 2014 and be completed with grid connection by the end of July 2015. Construction of the Shunde Project is scheduled to begin in Nov 2014 and be completed by the end of Dec 2014 with grid connection.

7:16 am KVH Industries misses by $0.07, reports revs in-line; guides Q4 EPS in-line, revs in-line (KVHI) : Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus Estimate of $0.14; revenues rose 10.2% year/year to $44.3 mln vs the $44.55 mln consensus.

Co issues in-line guidance for Q4, sees GAAP EPS of $0.10-0.15 vs. GAAP $0.11 Capital IQ Consensus Estimate; sees Q4 revs of $47-51 mln vs. $48.00 mln Capital IQ Consensus Estimate. Adjusted EBITDA was $5.9 million for the third quarter of 2014 compared to $4.9 million in the third quarter of 2013.7:03 am Canadian Solar to supply 4 MW energy storage solution to Independent Electricity System Operator to support the Ontario grid (CSIQ) : The 4 MW project will provide an energy storage solution for ancillary services applications in Ontario by leveraging Canadian Solar's extensive project development expertise and success in the Canadian energy market. In addition, this project was one of twelve selected by IESO in a competitive application process that was completed in July 2014.

1:31 am SunPower acquires SolarBridge Technologies (SPWR) : SunPower (SPWR) expanded its product portfolio for its residential customers with the acquisition of SolarBridge Technologies, Inc., a leader in integrated microinverter technologies for the solar industry. SunPower will utilize this technology, which converts direct current generated by a single solar photovoltaic panel into alternating current (:AC), to develop next generation microinverters for use with SunPower's high efficiency solar panels. Terms of the acquisition were not disclosed.