Market Roundup (AFFY, HPQ, MCO, FUL)

Shares of Affymax Inc AFFY surged about 9.4% after analysts at WB Securities initiated coverage of AFFY with a “buy” rating. Shares of Affymax have gained 10.45% over the past month. Shares of Hewlett-Packard Company HPQ lost about 0.4% as the company is all set to report its Q4 results after the closing bell today. The company is expected to report its earnings at $1.27 per share on revenue of $32.75 billion in the fourth quarter. Analysts at Wedbush Morgan upgraded the stock to an “outperform” rating. Moody's Corp MCO has purchased Canadian-based CSI Global Education Inc for C$155 million, or $151.4 million in cash. Moody's Chief Executive Raymond McDaniel said, "CSI has an unrivaled position in financial education and certification in Canada and is expanding globally." McDaniel added, "CSI represents another means for Moody's to pursue our objectives of enhancing risk management practices, furthering financial education and promoting efficiency in the capital markets.The stability and resilience of Canadian institutions during the financial crisis offers important lessons for securities and banking markets around the world." MCO shares are down about 0.4%. HB Fuller Co FUL has appointed Jim Owens as the company's president and chief executive officer, to succeed Michele Volpi. Owens, senior vice president of Americas, has been with the company since 2008. FUL's Chairman Lee Mitau said, “Owens has successfully managed the largest region of this company and his transition into the CEO role is a natural progression for him." Read more from Benzinga's Markets.