Dollar Thrifty Automotive Group, Inc. (NYSE:DTG): Dollar Thrifty Automotive Group announced that its Board of Directors has approved an amendment to the Company’s shareholder rights plan, which was originally adopted May 18, 2011, and under which Dollar Thrifty shareholders will receive rights to purchase shares of a new series of preferred stock in certain circumstances. The Rights Plan was adopted to deter any attempt to obtain control of the company in a manner or on terms that are not in the best interests of the Company and all shareholders. Shares of Dollar Thrifty Automotive Group, Inc. are trading 2.22% higher today.

Medtronic, Inc. (NYSE:MDT): The company said, While this was a challenging quarter from a revenue perspective, I was encouraged by the management team’s ability to execute on delivering the bottom line. In addition, we have recently launched several new products including RestoreSensor, Solera 5.5 and 6.0 Spinal Systems, and now Resolute Integrity which should contribute to improved revenue performance…We remain optimistic that long-term growth should improve as we dramatically expand our global footprint and focus on delivering economic value as well as clinical value to our customers. Shares of Medtronic, Inc. are trading 2.43% lower today.

Corcept Therapeutics Incorporated (NASDAQ:CORT): BioLogic Equity believes the label for Corcept Therapeutics’ just approved Korlym presents a major commercial challenge for the company and reiterates a Sell rating on the stock. Shares of Corcept Therapeutics Incorporated are trading 51.49% higher today.

Saks Inc (NYSE:SKS): Comparable store inventory levels are expected to be up in the mid-single digit range throughout the year. The Company expects the gross margin rate for the full fiscal year to be modestly above the 40.8% rate achieved in 2011. The Company expects a relatively flat gross margin rate in the first half of the fiscal year and gross margin rate improvement in the second half of the fiscal year. Sees an effective tax rate of approximately 40.0% for the year. Sees FY CapEx $110M-$120M. Shares of Saks Inc are trading 1.66% higher today.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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