Stocks in the news: Palm, Procter & Gamble, Arena


Some of the companies making headlines today:

Palm (PALM) reported financial results late Thursday, posting its ninth consecutive quarterly loss of $164.5 million in the most recent quarter as revenue dropped a shocking 82 percent to a mere $68 million. It seems the Pre wasn't enough to pull Palm into profitability. PALM is up 2.5 percent on upgrades from analysts.

J.P. Morgan lifted its view on the home-builder sector to positive from negative. It also upgraded Toll Brothers Inc. (TOL) and KB Home (KBH) to Overweight from Neutral, but downgraded M.D.C. Holdings Inc. (MDC) to Underweight from Overweight. Both TOL and KBH shares were over 3.5 percent higher ahead of the bell.