The market is trading relatively flat in the afternoon. The bull is still in place. Keep a list of potential buys on your watch list. Look for breaking out stocks such as the list I found from MarketWatch:

Advancers

24/7 Real Media, (TFSM) the New York digital marketing company, definitively agreed to be acquired for $11.75 a share by WPP Group. (WPPGY) Real Media shares closed at $11.26 on Wednesday.

Acxiom Corp. (ACXM) shares rose after the Little Rock, Ark., provider of information-management solutions, definitively agreed to be acquired for $27.10 a share cash, or $2.24 billion, by Silver Lake and ValueAct Capital, the companies said late Wednesday. The deal price is a more than 14% premium over Acxiom's closing price Wednesday of $23.67.

BreitBurn Energy Partners L.P. (BBEP) plans to pay $100 million to buy oil properties in Florida from Calumet Florida, L.L.C., a Delaware limited liability company owned by Vulcan Resources Florida, Inc. The deal will immediately add to distributable cash flow per unit and will allow the Los Angeles firm to increase its quarterly distribution next quarter.

Delta Air Lines' (DAL) shares rose after analysts at Morgan Stanley and Lehman Brothers initiated coverage of the carrier's newly issued shares of at their highest levels, outperform and overweight respectively, citing momentum and cost controls.

Dusa Pharmaceuticals Inc. (DUSA) shares leapt after the Wilmington, Mass.-based company announced that the Food and Drug Administration has granted orphan drug designation for Levulan photodynamic therapy for the treatment of esophageal dysplasia, a disease that occurs in some patients with Barrett's esophagus, a leading cause of esophageal cancer. With the orphan drug designation, Dusa is entitled to seven years of marketing exclusivity for Levulan for the orphan indication.

Enersys (ENS) said it expects fiscal fourth-quarter earnings of 22 cents a share on revenue of $414 million. Analysts polled by Thomson Financial expect the Reading, Pa., maker of industrial batteries to post 18 cents.

Gerber Scientific Inc. (GRB) shares surged after the South Windsor, Conn.-based company said it now expects fiscal fourth-quarter net earnings of 22 cents to 26 cents a share on revenue for $153 million to $155 million. Gerber, which makes equipment and software for sign-making and specialty graphics, apparel and flexible materials, had previously forecast a fourth-quarter per-share profit of 14 cents to 20 cents on revenue of $145 million to $150 million.

Given Imaging Ltd. (GIVN) said the U.S. Food and Drug Administration cleared it to market the PillCam SB 2 video capsule and related software. The SB 2 is Given's newest version of a product with which a doctor can view a patient's small bowel.

Longs Drug Stores Corp.'s (LDG) fiscal first-quarter net income fell 17% to $13 million, or 34 cents a share, from a year earlier. Earnings from continuing operations were 42 cents a share, including charges of 14 cents to divest eight California stores. The Walnut Creek, Calif., chain's revenue for the quarter ended April 26 increased 5.6% to $1.3 billion.

MGM Mirage (MGM) was upgraded to overweight from neutral weight at Prudential Equity, which said a roughly 16% drop in shares since February has created a buying opportunity.

Nexstar Broadcasting Group Inc. (NXST) said it's reviewing strategic alternatives, including, but not limited to, the sale of the company. The Irving, Texas, television station owner said it has hired Goldman, Sachs & Co. to help it conduct the review.

PetSmart Inc. (PETM) reported first-quarter earnings more than doubled to $106.7 million, or 78 cents a share, from the year-ago period. Excluding a benefit of 47 cents a share from sale of some shares in MMI Holdings Inc., PetSmart earned 34 cents in the latest quarter. Revenue at the Phoenix pet-products provider rose to $1.11 billion from $1.01 billion, while sales at stores open at least a year rose 4%.

J.C. Penney (JCP) reported first-quarter net income rose to $1.04 a share from 89 cents in the year-earlier period. The retailer's sales rose 3.1% to $4.35 billion. Analysts surveyed by Thomson Financial expected earnings of $1.03 a share.

Spartan Stores Inc. (SPTN) reported fourth-quarter earnings of $7.2 million, or 34 cents a share, up 36% from the year-ago period. Revenue at the Grand Rapids, Mich., grocery retailer rose to $559.5 million from $452.8 million.

Stanley Inc.'s (SXE) fiscal fourth-quarter net income jumped to 20 cents a share from less than a penny a share a year earlier. The Arlington, Va., provider of information-technology services said revenue for the period ended March 31 increased 39% to $116.6 million.

Sun Microsystems Inc. (SUNW) authorized the buyback of as much as $3 billion of its common shares.

Technical Olympic USA Inc.(TOA) shares rose after the Hollywood, Fla.-based homebuilder it has received a commitment from Citigroup Global Markets Inc. and certain affiliates to establish a $250 million first lien term loan facility and a $250 second lien term loan facility. Technical Olympic also agreed to reduce its existing $800 million revolving loan facility by $100 million. The homebuilder expects to use the loans to fund any settlements related to its Transeastern joint venture.

Warnaco Group Inc.'s (WRNC) board approved a new 3-million-share buyback. It's in addition to the 978,915 shares remaining under its current authorization.

Decliners

BT Group (BT) reported that for the fourth-quarter ended March 31, adjusted pretax profit rose 10% to 695 million pounds, with the U.K. fixed-line telecom operator's revenue up 3% to 5.29 billion pounds. Traditional revenue dropped 3% but a 32% jump in broadband revenue and a 6% improvement in networked IT services led to an improving top line.

Caterpillar (CAT) was downgraded to hold from buy at Stifel Nicolaus. The firm said it doesn't expect shares of the company to participate in the growth-stock led market it expects in the next six to 12 months. "We see storm clouds for consumer spending that pressure economy-sensitive stocks in the seasonally weak May to October period due to housing asset price wealth effects and refinancing pressure," the analyst wrote. Caterpillar's pretax earnings margin "is beginning to level as it has often done at this point in the average of the past four cycles," according to the research.

Doral Financial Corp. (DRL) agreed to sell $610 million of stock for 63 cents a share. The shares will be sold to a newly-formed group -- Doral Holdings -- owned by investors including Bear Stearns Merchant Bank and Goldman Sachs. Following the transactions, the new group will own around 90% of Doral Financial, with existing shareholders owning the remaining 10%. The investment will provide capital to repay a $625 million floating rate note and to fund the previously-announced settlement of a class-action lawsuit and shareholder litigation.

Dow Jones & Co. (DJ) shares slipped after the board of the New York publisher held its regular meeting on Wednesday and took no action as the company's controlling family mulled a $60-a-share takeover offer from News Corp., controlled by the media executive Rupert Murdoch, The Wall Street Journal Online reported. Dow Jones is the owner of MarketWatch, the publisher of this report.

Flow International Corp. (FLOW) shares slipped after the Kent, Wash.-based maker of industrial waterjet machines said its Board has completed its review of strategic alternatives and has determined that the company's best alternative for optimizing shareholder is to "continue executing its strategic plan." Flow International also said it hopes to complete its search for a successor for retiring Chief Executive Stephen Light soon.

Micron Technology Inc. (MU) said it plans to offer $1.1 billion of unsecured convertible senior notes due June 1, 2014. The Boise, Idaho, maker of flash-memory products plans to grant the underwriters an option on $165 million more notes if demand for the issue requires.

Napster Inc. (NAPS) said its fiscal fourth-quarter net loss deepened to 20 cents a share from a dime in the year-earlier period. For the quarter ended March 31, revenue at the digital-music company grew more than 8% to $29.1 million.

National Grid Plc, (NGG) the U.K. utility operator, agreed to sell its U.S. wireless-infrastructure business for $290 million to M/C Venture Partners and Wachovia Capital Partners. National Grid also reported fiscal 2007 earnings fell 64% on 2% lower revenue.

New York Times Co. (NYT) reported that in April, advertising revenue from continuing operations fell 3.6% from the year-earlier month while companywide revenue on the same basis fell 2.2%.

Opnet Technologies Inc.'s (OPNT) fiscal fourth-quarter net income rose 60% to $1.58 million, or 7 cents a share, from a year earlier, as its operating-profit margin widened. Revenue at the Bethesda, Md., provider of management software rose 14% to $24.4 million.

Opnext (OPXT) said it swung to a $1.5 million, or 3 cents a share, profit in the fourth quarter ending March 31, with revenue rising up 42% to $65.4 million. It lost $2.8 million, or 5 cents a share in the year-ago quarter. Excluding stock compensation expense it would've earned $5 million, or 9 cents a share. First-quarter revenue is seen between $67.5 million and $71.5 million and longer-term gross margins should approach 40%, excluding stock-based compensation expense.

Salesforce.com Inc. (CRM) swung to first-quarter profit from a loss in the year- earlier period and beat analysts' sales forecasts.