Market Recap: Dean Foods SPIKES, Orbitz and Priceline CRASH Hard

Markets closed up on Wall Street today: Dow +0.05%, S&P +0.06%, Nasdaq -0.15%, Oil -0.32%, Gold +0.12%.

On the commodities front, Oil (NYSE:USO) declined to $93.38 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) rising to $1,615.00 an ounce while Silver (NYSE:SLV) fell 0.08% to settle at $28.01.

Here’s your Cheat Sheet to today’s top stock stories:

Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) have both bid between $150 million and $250 million for 1,100 digital patents being auctioned by Eastman Kodak, according to aWall Street Journal report. Bankrupt Kodak is selling the patents, which it believes could be worth $2.6 billion, in order to repay creditors. Kodak filed for Chapter 11 protection in January after failing to adequately adapt during the shift from film to digital photograph.

Express Scripts’ (NASDAQ:ESRX) shares increased 8 percent. The company reported that its second-quarter net earnings plummeted 49 percent as it absorbed acquisition costs. The numbers did exceed analysts expectations, driving a greater full-year forecast.

Dean Foods’ (NYSE:DF) shares jumped 37 percent. After the bell on Tuesday, the company released its second quarter earnings that included a profit It announced plans to spin off  its growing organic dairy products and soy milk division.

Orbitz Worldwide’s (NYSE:OWW) shares fell 25 percent after announcing its second-quarter results. Earnings tanked 48 percent from a revenue decline and higher marketing costs. The company tightened up its profit and revenue outlook.

Orbitz’s foe Priceline.com’s (NASDAQ:PCLN) shares also dropped on Wednesday, down 16 percent. On Tuesday the company said its second-quarter earnings exceeded expectations but it offered a disappointing forecast thanks to the economic problems in Europe.

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business