• Shares of online company Amazon.com, Inc. (NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley (NYSE:MS) opined that the company’s fourth quarter profits and margins will outperform the Street’s expectations
• Share prices of Icagen, Inc. (NASDAQ:ICGN) zoomed up 163.76% to close at $6.33 after Pfizer Inc. (NYSE:PFE) disclosed that the drug manufacturer is planning to enter into a strategic alliance with Icagen
• The Board of directors of LDK Solar Co (NYSE:LDK) has authorized the repurchase of up to $110 million of American Depositary Shares
• Share prices of Universal Forest Products, Inc. (NASDAQ:UFPI) shed 9.71% after the company said it will initiate a cost-cutting program because of declining sales this year
• Fitch Ratings downgraded the credit rating of Best Buy Co (NYSE:BBY) due to lower stores sales and feeble performance compared to its competitors
• Analysts at Barclays Capital initiated coverage on shares of DreamWorks Animation SKG (NASDAQ:DWA) with an “Underweight” rating, citing falling revenue generation from its DVD business and weak activity in the 3D tech space
• Analysts at Ticonderoga Securities downgraded Molex Inc. (NASDAQ:MOLX) from “Neutral” rating to “Sell” rating, citing weak economic growth which has reduced the demand for its products
• Analysts at JMP Securities upgraded real estate investment trust American Capital Agency Corp. (NASDAQ:AGNC) to “Outperform” rating from “Market Perform” rating
• Shares of Expeditors International Of Washington, Inc. (NASDAQ:EXPD) were upgraded by analysts at Robert W. Baird to “Outperform” rating with a target price of $60
