Friday, January 11, 2013

Morning Movers: Krispy Kreme, Celgene, Card Companies Up; Gold, Oil Tumble

Krispy Kreme (KKD) shares are higher after the company narrowed its per-share loss, year over year, in its fiscal third quarter from 8 cents to 1 penny; the stock is up 6 cents, or 2%, at $3.44;

$27 billion biopharma giant Celgene (CELG), focusing on cancer treatment, said it will buy six-year-old Gloucester Pharmaceuticals, based up in Cambridge, Mass., for $340 million but future payments based on successful outcomes. Celgene shares were up 37 cents, almost 1%, at $56.34.

Credit Card Companies Discover Financial Services (DFS) and Capital One (COF) are rising following bullish analyst notes this morning, with Discover up 47 cents, or 3%, at $15.65, and Capital One up 51 cents, or 1.3%, at $38.45.

Meantime, commodities are sinking in the face of the rising dollar, with oil futures for delivery in January dropping $1.27, to $74.20, and gold off $28.40 for January contracts, at $1,140.60 per ounce. The U.S. dollar Index was up by .12%, at $76.06 on ICE.

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