US Stocks Off day’s low (AYE, CSX, VFC, LUV, MAS, BSX, FLIR)

US stocks have lower sharply and now recovered all its losses. Today, the government reported weekly first-time unemployment claims fell the most since July. Also, European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday.

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Gainers

Allegheny Energy, Inc. (NYSE:AYE) jumped 9.56% to $23.03 after Utility company FirstEnergy said Thursday that it is buying rival Allegheny Energy for about $4.7 billion in stock in a deal that will create one of the nation’s largest power companies with customers from Ohio to New York.

CSX Corporation (NYSE:CSX) jumped 3.60% to $44.64 on high volume.

V.F. Corporation (NYSE:VFC) rose 2.80% to $74.46 after the company the company reported a stronger than expected fourth-quarter earnings.

Southwest Airlines Co. (NYSE:LUV) rose 3% to $11.89 after the jobless claim data.

Losers

Masco Corporation (NYSE:MAS) fell 5% to $13.72 in early trade on above average volume. Masco Corp. (MAS: News ) reported fourth quarter income from continuing operations of $0.02 per share after the bell Wednesday, compared to the loss of $0.17 per share last year. The company also stated that it will no longer provide definitive EPS and cash flow guidance for fiscal 2010.

Boston Scientific Corporation (NYSE:BSX) plunged 8% to $7.63 after it reported a narrower quarterly net loss, but sales in some key areas disappointed investors. Today, Deutsche Bank downgraded the company’s stock to Hold from Buy and also lowered the price target by $2.50 to $8.50.

FLIR Systems, Inc. (NASDAQ:FLIR) slid 7.31% to $27.50 after its Q4 net income fell to $60.3 million, or $0.38 a share, from $65 million, or $0.41, in the year-earlier quarter. The year-ago figure included currency gains worth $0.04 a share. FLIR’s revenues for the quarter rose to $311.6 million from $302.4 million. The analysts had expected the company to post earnings of $0.38 on $300.6 million in revenues.

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