Stocks Off Session High On Dollar Strength (SAI, THQI, BP, TSCO, GME)

U.S stocks were mostly trading higher on Tuesday after the long weekend, but came off session highs as the Dollar turned higher against the Euro, which slid below $1.25 mark.A gauge of U.S. consumer confidence has declined for a third month, with gloomier views in May on present and future conditions, the Conference Board reported Tuesday. The consumer-confidence index fell to 64.9 in May - the lowest level since January -- from a revised 68.7 in April. A prior estimate for April pegged the level at 69.2.The euro slumped below $1.25, a move that followed ratings agency Egan Jones downgrading Spain’s credit rating, according to reports. Spain’s fiscal problems and its deteriorating banking sector have been a growing cause for concern in recent weeks.Also, reports that the
Chinese government was leaning toward more pro-growth policies was helping cyclical stocks, like Caterpillar.
The Dow Jones Industrial Average rose 82.42 (0.66%) to 12,537.25, and the Standard & Poor's 500-stock index jumped 8.90​(0.68%) at 1,326.72. The Nasdaq Composite added 18.73 (0.66%) at 2,856.26.

SAIC, Inc. (NYSE:SAI) shares gained 3.95% to $11.04 in the morning hour. The company was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. The company is expected to report first quarter earnings on Thursday, May 31, 2012 with analysts expecting a 8.3% drop in earnings from a year ago. The consensus estimate is $0.33 per share, down from earnings of $0.36 per share a year ago. Revenue is projected to be 0.1% above the year-earlier total of $2.69 billion at $2.69 billion for the quarter.

THQ Inc. (NASDAQ:THQI) shares declined 4.33% to $0.584 in the early hour. On May 24, 2012, the company and Machinima announced the United States Nexuiz Tournament hosted by Machinima and powered by AMD Gaming. Nexuiz is the CryENGINE(R) 3 powered Arena FPS from Illfonic available on Steam and other PC download sites for a suggested price of $9.99.

BP plc (ADR) (NYSE:BP) shares declined 0.81% to $38.05 in the early hour. The company said it will begin exploring in Libya again after the civil war last year that expelled Muammar Qaddafi from power. The company has also lifted the declaration of force majeure, a legal clause that allows companies to miss deliveries because of circumstances beyond their control. The company had signed a contract in 2007 committing it to drill five offshore and 12 onshore wells in the North African country.

Tractor Supply Company (NASDAQ:TSCO) shares fell 8.95% to $90.70 in the morning hour after the company’s sales at stores open at least a year may be reducing. Investment research firm Cleveland Research said Tractor Supply's same-store sales had slowed in the last month, and also lowered its estimate of same-store sales growth for the company.  

GameStop Corp. (NYSE:GME) shares gained 0.05% to $19.53 in the early hour. On May 25, 2012, the company carries a selection of Android(TM) tablets in more than 1,600 U.S. stores, just in time for the holiday weekend. Android tablets purchased at GameStop come loaded with valuable extras including a hand-picked selection of free games, like Sonic CD and Riptide, the Kongregate Arcade gaming app and a free issue of Game Informer Digital




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