Stocks turned moderately positive at midafternoon Tuesday, as each main index traded near its best level for the session.
The Dow Jones industrial average and S&P 500 both gained 0.3%. The Nasdaq edged up a fraction, after spending most of the day in the red. Volume remained down from Friday's levels, which were boosted by options expirations.
3D Systems (DDD) climbed 4% in strong volume, hitting a fresh all-time high. The maker of 3D printers could be getting a lift from a couple of banks raising their price targets for shares. 3D Systems, No. 1 in the latest IBD 50 lineup, is extended from its last proper buying range. Rival Stratasys also has touched a new peak,
SodaStream International (SODA) was up less than 1% in big turnover, but it had popped as much as 6% intraday. The move had taken SodaStream past a 50.08 buy point from a three-weeks-tight pattern. It's now back below that trigger. The Israeli maker of in-home soda machines has been earning spots in the IBD 50 lineup and IBD's Stock Spotlight screen. It was featured in a Stock Spotlight column in Monday's IBD.
In M&A news, Dell (DELL) rose 3% as published reports said Microsoft (MSFT) might invest $1 billion to $3 billion as part of a leveraged buyout of the ailing PC maker. Dell regained its 200-day moving average last week amid buyout chatter, but it still remains nearly 30% off its February peak. Microsoft fell a fraction. It's also consolidating below its 200-day line.
On the earnings front, Google (GOOG) pulled back a fraction in strong volume ahead of its quarterly report after the market's close. Analysts see EPS up 11% to $10.52, as sales rise 52% to $12.36 billion. Google, which has been consolidating since October, has lifted off support at its 50-day moving average.
In economic news, existing-home sales slowed to an annualized rate of 4.94 million in December, according to the National Association of Realtors. That was below forecasts for 5.1 million and down from November's 5.04 million pace.
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