It was a mixed close for the markets as consumer confidence fell while crude oil prices rose. The Dow tumbled 65 points to 12,182 while Nasdaq climbed 12 points to 2305.
On the upside
Citi analyst Doug Leggate said in a client note that Marathon Oil (Nasdaq: MRO) had a lot of growth potential and called the company "the value play in the sector."
VNUS Medical Technologies (Nasdaq: VNUS) reversed year ago losses to report a profit for the fourth quarter as revenue surged.
TerreStar (Nasdaq: TSTR) announced that it has lined up a $300 million investment from various investors.
On the downside
PDF Solutions (Nasdaq: PDFS) reversed year ago losses to report a profit for the fourth quarter as revenue rose but the stock price plummeted.
Brush Engineered Materials (NYSE: BW) disappointed with sharply lower fourth quarter earnings and 2008 results that fall far short of expectations.
Deutsche Securities downgraded R. H. Dennelley (NYSE: RHD).
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 699.
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