Stocks retreat Slightly, Fed in Focus (AAPL, BNNY, CAVM, CVI, UEC, ALGN)

U.S. stocks opened with modest losses on Tuesday the S&P 500 climbed to a 4-year high in the prior session and ahead of minutes of the latest Federal Reserve meeting.Yesterday, major indices closed at multi-year highs with the S&P 500 marking its highest close since mid-May 2008. The Dow scored its highest finish since December 31, 2007, while the Nasdaq once again closed at levels not seen since late 2000.The Dow Jones Industrial Average DJIA fell 2 points to 13,263. The S&P 500 Index declined 2 points to 1,417 and The Nasdaq Composite gained 3.50 points to 3,123.
This morning, the Commerce Department reported that orders for goods produced in U.S. factories rose 1.3% in February, missing economists’ estimates of a rise of 1.30%.The morning, European Union regulators said they want banks to restructure to wean themselves off cheap central bank loans and attract funding from investors and markets.

Apple Inc.(NASDAQ:AAPL) is the notable gainer and soared 1.58% to $628.41 after hitting an all-time high of $631.29 earlier in the session. This morning, analyst at Piper Jaffray lifted its price target on the stock by $192 to $920 based on a 14 times P/E multiple of his calendar 2014 EPS estimate of $65.04.
Annies Inc(NYSE:BNNY) shares continued to move higher and jumped 10.40% to $38.28, extending its weekly gains to over 22%. The stock has now more than doubled from its IPO price of $19, last week The company had originally sought a range of $14 to $16. The stock made a new high of $40 earlier next to the debut day.
Cavium Inc(NASDAQ:CAVM) is trading higher by 3% to $31.48 despite the company trimmed its first quarter due to -quarter outlook, citing weaker-than-expected sales in two key end markets. The company projects to earn $0.06-$0.07 with revenue growth of 6% to 7%.
CVR Energy, Inc.(NYSE:CVI) shares soared 6% after Activist investor Carl Icahn said that 55% of CVR Energy Inc.’s outstanding shares were tendered in support of his hostile bid for the petroleum refining and marketing company, giving him a more than 69% stake.
Uranium Energy Corp.(NYSEAMEX:UEC) shares slumped 8.55% to $3.53 after the company intends to sell a total of 5.56 million shares of its common stock to the public.
Align Technology, Inc.(NASDAQ:ALGN) added 1.40% after the company said that the U.S. International Trade Commission agreed to investigate allegations of patent infringement by rival clear-braces provider ClearCorrect Operating LLC and ClearCorrect Pakistan Ltd., based on Align’s complaint filed last month





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