Midday movers: Google, Apple, Peabody & more
Take a look at some of Thursday's midday movers:
Google slipped. DoubleLine bond guru Jeffrey Gundluch told CNBC that investors should sell the stock to lock in profits. He also said he's okay with Apple, and is fascinated by Tesla, but wouldn't buy it.
Peabody Energy moved higher after the coal miner reported an unexpected profit for the third quarter as shipments from its Australian mines rose. Cliffs Natural Resources and Alpha Natural Resources also rose in sympathy.
Green Mountain Coffee Roasters fell after Dougherty and Co. downgraded the stock to "neutral" from "buy" on slowing K-cup sales trends, increasing pricing pressure and share gains by unlicensed players.
Petsmart traded lower after cutting its third quarter sales outlook.
Advance Auto Parts continued to move higher after announcing Wednesday it was buying privately held General Parts for $2 billion. Wedbush upgraded the auto parts maker to "outperform" from "underperform" with a price target of $120 (up from $70). UBS also raised its price target to $110 from $95.
Travelers lost ground after Guggenheim downgraded the stock to "sell" from "neutral" with a price target of $72, down from $87.
Travelzoo fell after its third-quarter revenues came in below Street expectations.
Darden Restaurants came off its lows after Barrington Capital, which represents a group of shareholders that own more than 2 percent of the company, released a copy of the letter it sent to the Board with recommendations to improve the company's financial performance.
SolarCity rose after JPMorgan Securities started coverage with an "overweight" rating, citing the company's growth in the residential solar market. SolarCity dominates the roof-top installation market with a 20-percent share.
Clorox moved lower after Morgan Stanley cut is rating on the stock to "underweight" from "equal weight" due to a slowdown in consumer spending.
Danaher rose after the company posted earnings that jumped 8.8 percent as higher sales outpaced a rise in production costs.
Fairchild Semiconductor fell after third-quarter profits plummeted 51 percent on weakness in chip demand. The company's fourth-quarter revenue guidance missed expectations.
—By CNBC's Rich Fisherman.
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