The markets traded mixed during the midday with the Dow slipping 14 points to 13,059 as investors weighed upbeat March retail sales against European economic weakness. Nasdaq rose 14 points to 3082.
On the upside
FelCor (NYSE: FCH) will sell six hotels for $103 million.
Himax Technologies (Nasdaq: HIMX) lifted its earnings guidance for the first quarter due to strong sales.
Great Wolf Resorts (Nasdaq: WOLF) received an unsolicited acquisition offer from KSL Capital Partners that was higher than a bid from Apollo Global Management that Great Wolf already accepted.
On the downside
Parametric Technology (Nasdaq: PMTC) lowered its second quarter guidance after a European customer chose not to close an approved contract.
Constellation Brands (NYSE: STZ) reported sharply higher fourth quarter earnings but forecast current quarter results that missed analyst expectations by a wide margin.
Ruby Tuesday (NYSE: RT) disappointed with lower third quarter earnings and forecast full year results that fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 819.
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