Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Tuesday, November 26, 2013

The S&P 500 rose 0.20% to 1,806.13 in afternoon trading Tuesday.

The Dow Jones Industrial Average was up 0.11% to 16,090.75, while the Nasdaq was up 0.58% to 4,017.67.

The yield on a 10-year Treasury bond was off 1.50% to 2.70%.

The price of gold was down 0.02% to $1,240.90 per ounce.

REAL ESTATE

Homebuilder stocks were generally up on Tuesday after the S&P/Case-Shiller Home Price Indices showed home prices up 13.3% in September from a year earlier.

Irvine-based TRI Pointe Homes Inc. was up about 5% to $19.86 for a market value of $627.52 million.

TRI Pointe shares have risen about 17% since it announced this month its plans to buy the homebuilding division of Weyerhaeuser Co. for $2.7 billion.

Irvine-based Standard Pacific Corp. was up about 4% to $8.20 for a market value of $2.85 billion.

Newport Beach-based William Lyon Homes rose about 2% to $22.06 for a market value of $693.57 million.

APPAREL

Huntington Beach-based Quiksilver Inc. rose about 5% to $8.87 for a market value of $1.49 billion.

The action sports apparel maker and retailer announced a licensing deal with New York-based LF USA for kid’s apparel under its Quiksilver and DC brands. LF will handle the design, manufacturing and marketing for the kid’s lines beginning with fall 2014.

TECHNOLOGY

Aliso Viejo-based Smith Micro Software Inc. shares rose about 15% to $1.35, after the company regained compliance with the NASDAQ Capital Market's $1 minimum bid price requirement. Smith Micro had a recent market value of $50 million.