Upbeat earnings lifted the markets to a modestly higher close with the Dow gaining 50 points to 11,837. Nasdaq climbed 10 points to 2765.
On the upside
Datalink (Nasdaq: DTLK) raised its fourth quarter outlook citing strong demand.
Credit Suisse upgraded Total System Services (NYSE: TSS) to an Outperform rating.
Longbow upgraded Arrow Electronics (NYSE: ARW) to a Buy rating.
On the downside
L&L Energy (Nasdaq: LLEN) named David Lin to the position of acting chief financial officer replacing Rosemary Wang.
Goldman Sachs and Piper Jaffray initiated coverage of Youku.com (NYSE: YOKU) with a Neutral rating.
Depomed (Nasdaq: DEPO) will resolve a license agreement dispute with Abbott Products through mediation.
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