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From Briefing.com: 4:15 pm : The stock market enjoyed a broad-based rebound on Thursday that placed the Dow Jones Industrial Average (+1.2%) back above its 200-day moving average (15483). The S&P 500 also gained 1.2%, ending just north of its 100-day average (1772) after flirting with that level during the afternoon.

Stocks began on an upbeat note and climbed through the first 90 minutes of action. Much of the advance was paced by groups that faced aggressive selling during the recent pullback, suggesting short covering played a role in the rally.

Yen weakness also factored into the advance as the retreat of the Japanese currency calmed fears about some participants being forced out of yen-based carry trades due to strength in the funding currency. The dollar/yen pair ended the New York session right above 102.00 after starting the day near 101.20.

The consumer discretionary group (+2.1%) ended in the lead with media names making a significant contribution after Dow component Disney (DIS 75.56, +3.80) beat its Capital IQ consensus estimate by 13 cents on in-line revenue.

Elsewhere among discretionary shares, retailers and homebuilders displayed industry-wide strength. The SPDR S&P Retail ETF (XRT 80.00, +1.88) gained 2.4% and iShares Dow Jones US Home Construction ETF (ITB 24.82, +0.75) jumped 3.1%.

Also of note, the largest S&P 500 sector, technology (+1.2%) ended in line with the broader market. Most large cap components displayed strength, but Facebook (FB 62.16, -0.03) ended little changed after its peer, Twitter (TWTR 50.03, -15.94), reported earnings. Although the social media company announced above-consensus results, its Monthly Active Users metric showed disappointing growth.

On the countercyclical side, all four groups-consumer staples (+1.1%), health care (+0.5%), utilities (+0.6%), and telecom services (+0.1%)-were unable to keep pace with the S&P 500. Notably, the staples sector received support from Green Mountain Coffee Roasters (GMCR 102.10, +21.22) after the company announced a strategic partnership with Coca-Cola (KO 38.03, +0.42), in which KO will purchase a 10% minority stake in GMCR. In addition, GMCR reported a bottom-line beat on below-consensus revenue.

Treasuries ended near their lows with the 10-yr yield up three basis points at 2.71%.

Participation was a bit above average as 730 million shares changed hands at the New York Stock Exchange.

Today's economic data featured three reports:

The initial claims level settled back into the 330,000 range this week as the initial claims level fell to 331,000 from an upwardly revised 351,000 (from 348,000). The Briefing.com consensus expected the initial claims level to fall to 335,000.
Fourth quarter nonfarm labor productivity increased 3.2% while the Briefing.com consensus expected an increase of 2.4%. That was down from an upwardly revised 3.6% increase (from 3.0%) in the third quarter. Profit growth outperformed labor gains in the fourth quarter. Compensation per hour increased only 1.5%, down from a 1.6% increase in the third quarter. With compensation increasing at a slower rate than productivity, unit labor costs fell 1.6%. That was the third quarterly decline of 2013.
The U.S. trade deficit for December widened to $38.7 billion from an upwardly revised $34.6 billion (from $34.3 billion). The Briefing.com consensus expected the trade deficit to increase to $36.0 billion. The Bureau of Economic Analysis assumed the trade deficit in December increased to around $37.0 billion in the advance estimate for fourth quarter GDP. The slightly higher than expected deficit will likely contribute to lower GDP growth in the second estimate.

Tomorrow's data will focus on jobs with the nonfarm payrolls report for January set to be released at 8:30 ET. Hourly earnings and average workweek will also be announced at 8:30 ET while the December consumer credit report will cross the wires at 15:00 ET.

Nasdaq Composite -2.9% YTD
S&P 500 -4.1% YTD
Russell 2000 -5.1% YTD
Dow Jones Industrial Average -5.7% YTD

DJ30 +188.30 NASDAQ +45.57 SP500 +21.79 NASDAQ Adv/Vol/Dec 1684/1.80 bln/890 NYSE Adv/Vol/Dec 2322/729.6 mln/737

3:30 pm :

Apr gold popped to a session high of $1267.50 per ounce in early morning pit trade but quickly gave up the gain. It chopped around near the unchanged line for the remainder of the session and settled 20 cents lower at $1256.80 per ounce.
Mar silver traded in positive territory today, advancing to a session high of $20.18 per ounce in early morning action. It brushed a session low of $19.83 per ounce and eventually settled at $19.92 per ounce, or 0.6% higher.
Mar crude oil traded higher but retreated from its session high of $98.83 per barrel set in early morning floor trade. It dipped to a session low of $97.47 per barrel in afternoon action and settled with a 0.5% gain at $97.84 per barrel.
Mar natural gas traded as high as $5.40 per MMBtu in overnight trade but fell below $5.00 following inventory data that showed a draw of 262 bcf. Expectations called for a larger draw of 270-273 bcf. Unable to regain momentum, it settled with a 2.2% loss at $4.93 per MMBtu.

4:32PM Multi-Fineline beats by $0.03, reports revs in-line; guides Q2 revs in-line (MFLX) 13.45 -0.41 : Reports Q1 (Dec) loss of $0.39 per share, $0.03 better than the Capital IQ Consensus Estimate of ($0.42); revenues fell 26.9% year/year to $211.7 mln vs the $210 mln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $120-135 mln vs. $140.60 mln Capital IQ Consensus Estimate. Gross margin to range between negative 13 and negative 11 percent based on production build plans, projected net sales volume and anticipated product mix.

4:24PM ON Semiconductor beats by $0.03, beats on revs; guides Q1 revs above consensus (ONNN) : Reports Q4 (Dec) earnings of $0.17 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.14; revenues rose 5.6% year/year to $718 mln vs the $691.31 mln consensus. Co issues upside guidance for Q1, sees Q1 revs of $695-725 mln vs. $676.09 mln Capital IQ Consensus Estimate.

"Business trends during the fourth quarter of 2013 improved significantly with heightened order activity, and the strength has continued thus far in the current quarter. With an improving macro-economic outlook, especially for developed economies, and with favorable supply-demand dynamics, we are upbeat on our outlook for 2014."

4:22PM Brooks Automation beats by $0.03, beats on revs; guides Q2 EPS below consensus, revs below consensus (BRKS) 9.92 0.00 : Reports Q1 (Dec) earnings of $0.09 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.06; revenues rose 27.1% year/year to $124.6 mln vs the $122.26 mln consensus.

Co issues downside guidance for Q2, sees EPS of $0.05-0.09 vs. $0.11 Capital IQ Consensus Estimate; sees Q2 revs of $126-130 mln vs. $131.78 mln Capital IQ Consensus Estimate.

4:12PM Monolithic Power beats by $0.01, beats on revs; guides Q1 revs in-line (MPWR) 32.41 +1.05 : Reports Q4 (Dec) earnings of $0.32 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.31; revenues rose 32.0% year/year to $63.6 mln vs the $62.8 mln consensus.
Co issues in-line guidance for Q1, sees Q1 revs of $58-62 mln vs. $60.94 mln Capital IQ Consensus Estimate.

4:10PM Amtech Systems beats by $0.10, beats on revs (ASYS) 8.80 -0.32 : Reports Q1 (Dec) loss of $0.08 per share, $0.10 better than the Capital IQ Consensus Estimate of ($0.18); revenues rose 58.5% year/year to $14.8 mln vs the $9.9 mln consensus.

At December 31, 2013, the Company's total order backlog was $23.3 million, compared to total backlog of $26.8 million at September 30, 2013. Total backlog at December 31, 2013, includes $14.1 million in solar orders and deferred revenue, compared to solar backlog of $17.1 million at September 30, 2013. Foreign exchange caused a $0.4 million increase in backlog in the December 2013 quarter due to the strengthening of the Euro versus the US dollar. Backlog includes deferred revenue and customer orders that are expected to ship within the next 12 months.

Gross margin in the first quarter of fiscal 2014 was 31%, compared to 15% in the first quarter of fiscal 2013. The higher margin resulted primarily from increased sales volumes, expense reductions from company-wide cost control initiatives and use of previously-written down inventory.

4:03PM Lattice Semi beats by $0.03, beats on revs; guides Q1 revs above consensus (LSCC) 5.94 +0.36 : Reports Q4 (Dec) GAAP earnings of $0.06 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.03; revenues rose 35.9% year/year to $89.5 mln vs the $81.1 mln consensus. Co issues upside guidance for Q1, sees Q1 sequential rev growth of -2% to flat, which computes to $87.7-89.5 mln vs. $83.25 mln Capital IQ Consensus Estimate.

Large Cap Gainers

GMCR (105.98 +31.03%): Beat on EPS by $0.06, missed on revs; guided Q2 EPS below consensus; guided FY14 EPS in-line; announces strategic partnership with KO - KO to purchase 10% minority equity stake in GMCR for $1.25 bln; upgraded to Hold at Stifel; tgt raised to $117 from $95 at Canaccord Genuity; target raised to $130 at Imperial Capital.
ORLY (146.12 +8.59%): Beat on EPS by $0.08, beat on revs; guided Q1 EPS in-line; guided FY14 EPS in-line, revs in-line; Board increased share repurchase authorization by $500 mln.
ADS (254.16 +8.52%): Beat on EPS by $0.06, reported revs in-line; guided Q1 EPS below consensus, revs above consensus; guided FY14 EPS in-line, revs below consensus.

Large Cap Losers

TWTR (52.3 -20.72%): Beat on EPS by $0.03, beat on revs; guided Q1 revs above consensus; guided FY14 revs above consensus; downgraded to Sell from Neutral at UBS; tgt lowered to $42; downgraded to Hold from Buy at Stifel; downgraded to Underweight from Neutral at Atlantic Equities; downgraded to Underperform from Neutral at Sterne Agee; tgt lowered to $55 from $65 at CRT Capital.
S (8.05 -5.34%): Co and Softbank (SFTBY) plan to decide on T-Mobile USA (TMUS) bid soon, according to reports.
CHK (24.55 -6.35%): Announced 2014 absolute production growth target of 2 -- 4% on planned capital expenditure decrease of 20%; budgeting total capital expenditures in the range of $5.2 - $5.6 bln in 2014.

Mid Cap Gainers

YELP (90.78 +20.67%): Missed on EPS by $0.01, beat on revs; guided Q1 revs above consensus; guided FY14 revs above consensus; upgraded to Outperform from Mkt Perform at Raymond James; Pacific Crest raised its YELP tgt to $90 from $75; target raised to $95 from $85 at Stifel.
AKAM (56.53 +19.21%): Beat on EPS by $0.03, beat on revs; guided Q1 EPS to $0.51-0.55 vs $0.49 consensus; guided Q1 revs to $426 to $442 mln vs $413.78 mln consensus; target raised to $51 from $44 at FBR Capital; upgraded to Neutral from Underperform at Credit Suisse; tgt to $63 from $56 at Canaccord Genuity.
AAP (125.21 +13.06%): Beat on EPS by $0.13, missed on revs; guided FY14 EPS above consensus.

Mid Cap Losers

SPR (26.91 -18.38%): Reported EPS in-line, missed on revs; guided FY14 EPS below consensus, revs in-line.
P (31.16 -13.03%): Beat on EPS by $0.04, beat on revs; guided Q1 EPS below consensus, revs in-line; guided FY14 below consensus; listener hours rose 13% y/y to 1.58 bln; previewed Jan metrics: Active users of 73.4 mln, down from 76.2 mln in Dec, up from 65.5 mln in prior year.
TW (99.5 -13.06%): Beat on EPS by $0.06, missed on revs; guided Q3 EPS below consensus, revs below consensus; lowered FY14 EPS in-line, lowered FY14 revs.

SunEdison (SUNE) announced the completion of a 306 kW DC solar system for Whole Foods Market (WFM) in Brooklyn, New York.

TQNT +1.7% (upgraded to Buy at Needham)

7:16AM NXP Semi announces its subsidiary, NXP B.V., together with NXP Funding, is seeking to reprice its existing $486,250,000 Tranche A-1 Loans due 2017 (NXPI) 47.00 : Co announced today that its subsidiary, NXP B.V., together with NXP Funding LLC, is seeking to reprice its existing $486,250,000 Tranche A-1 Loans due 2017. The repriced loans would constitute a new tranche of loans under NXP's existing Senior Secured Term Loan Facility. The arranger on the transaction is Barclays Bank PLC.

7:04AM Canadian Solar announces the sale its fourth utility scale solar power plant in Ontario to a fund managed by BlackRock (BLK) (CSIQ) 37.39 : Co announced that its subsidiary, Canadian Solar Solutions, entered into an agreement with a fund managed by BlackRock (BLK), whereby BlackRock will acquire from Canadian Solar the Oro-Medonte solar power plant totaling 10 MW AC at a valuation comparable to other recent project sales completed by Canadian Solar on a per megawatt basis in the Ontario market. This latest transaction follows BlackRock's previously announced acquisition of the Demorestville, Taylor Kidd and Westbrook solar power plants in Ontario, Canada.

ARM (ARMH) and Crocus Technology announced that Crocus has licensed the ARM SecurCore SC000 processor.

6:14AM NXP Semi beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line (NXPI) 47.00 : Reports Q4 (Dec) earnings of $0.99 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.95; revenues rose 15.9% year/year to $1.29 bln vs the $1.27 bln consensus.

GAAP Gross margin was 45.6% vs 45.2% last year

Guidance:
Co issues in-line guidance for Q1, sees EPS of $0.84-0.96 vs. $0.89 Capital IQ Consensus Estimate; sees Q1 revs of $1.21-1.25 vs. $1.23 bln Capital IQ Consensus Estimate.

1:37AM Micron prices $600 mln of 5.875% Senior Notes due 2022 (MU) 23.31 :

Akamai Tech (AKAM) reported fourth quarter earnings of $0.55 per share, excluding non-recurring items, which is higher than expected, while revenues rose 15.3% year/year to $436 million which is higher than expected.
Yelp (YELP) reported fourth quarter GAAP loss of $0.03 per share, which is worse than expected, while revenues rose 71.4% year/year to $70.6 million which is higher than expected. The comapny issued guidance for the first quarter with revenues of $73.5-74.5 million which is higher than expected. Q1 Guidance: Adjusted EBITDA is expected to be in the range of $8 million to $9 million. Stock-based compensation is expected to be in the range of $10 million to $11 million, and depreciation and amortization is expected to be approximately 5% of revenue. The company issued guidance for fiscal year 2014 with revenues of $353-358 million which is higher than expected. FY14 Guidance: Adjusted EBITDA is expected to be in the range of $54 million to $58 million. Stock-based compensation is expected to be in the range of $43 million to $45 million, and depreciation and amortization is expected to be approximately 5% of revenue.Average monthly unique visitors grew 39% year over year to approximately 120 million. Active local business accounts grew 69% year over year to approximately 67 thousand.
Twitter (TWTR) reported fourth quarter earnings of $0.02 per share, which is higher than expected. TWTR Monthly Active Users 241 million compared to 231.7 mln at the end of SepQ and 185 millionat the end of prior year DecQ. Revenue for the fourth quarter of 2013 totaled $243 million, an increase of 116% compared to $112 million in the same period last year. Advertising revenue totaled $220 million, an increase of 121% year-over-year.Mobile advertising revenue was more than 75% of total advertising revenue.Data licensing and other revenue totaled $23 million, an increase of 80% year-over-year.International revenue totaled $66 million, an increase of 200% year-over-year. International revenue was 27% of total revenue. MAUs Average Monthly Active Users (MAUs) were 241 million as of December, 31, 2013, an increase of 30% year-over-year.Mobile MAUs reached 184 million in the fourth quarter of 2013, an increase of 37% year-over-year, representing 76% of total MAUs.Timeline views reached 148 billion in the fourth quarter of 2013, an increase of 26% year-over-year.Advertising revenue per thousand timeline views reached $1.49 in the fourth quarter of 2013, an increase of 76% year-over-year. The company issued guidance for the first quarter with Adjusted EBITDA in the range of $10-16 million and revenues of $230-240 million which is higher than expected. The company issued guidance for fiscal year 2014 with adjusted EBITDA between $150-180 million and revenues of $1.15-1.20 billion which is higher than expected.
eGain Comm (EGAN) reported second quarter GAAP loss of $0.05 per share, which is worse than expected, while revenues rose 19.9% year/year to $17.67 million which is higher than expected. The company reaffirmed guidance for fiscal year 2014 with revenues of +20-25% calculating to approximately $70.66-73.61 million which is higher than expected. Gross profit for the fiscal second quarter was $11.8 million, compared to $10.5 million for the second quarter of fiscal 2013. Gross margin for the fiscal second quarter was 67%, compared to 71% in the second quarter last year. The subscription and support revenue gross margin for the fiscal second quarter was 81%, compared to 85% in the second quarter last year. Total deferred revenue (which includes both deferred revenue on the balance sheet of $20.0 million and unbilled deferred revenue that remains off balance sheet of $17.7 million, collectively representing contractual commitments that have not been recognized as revenue) was $37.7 million at December 31, 2013, compared to $40.5 million at December 31, 2012. Guidance Details: eGain reiterates its fiscal 2014 guidance for annual total revenue growth of between 20% and 25% and updates annual cloud revenue growth from between 40% and 45% to between 35% and 40%.