The overnight unraveling of a $14 billion auto rescue bill threatened to send stocks to an ugly close Friday, but news that the Treasury Department might step in to help the auto makers saved the day. The major indices ended the day in the green with gains of 1.21% on average.
Here are some of today’s winners and losers.
Winners
CB Richard Ellis Group Inc. (CBG)
Most of the real estate sector saw a boom on news that troubled property owner General Growth Properties (GGP) was able to refinance nearly $900 million in debt and, thus, stave off bankruptcy. CBG shares certainly saw the boost, surging more than 21% on the day to close at $4.08, a gain of 71 cents.
Equity Residential (EQR)
Another winner in the real estate field, EQR ended the last day of the week up 15.4%. Shares last traded at $31.65, a gain of $4.22.
Host Hotels & Resorts Inc. (HST)
Shares gained nearly 15% on the day, despite the company's recent ratings downgrade. The stock closed at $7.25, a gain of 93 cents.
Apartment Investment & Management Co. (AIV)
With more than 20 million shares traded, AIMCOstock rose 13.5% to end the day. The stock closed at $11.52, a gain $1.37.
Developers Diversified Realty Corp. (DDR)
Another real estate winner that banked on the GGP refinancing deal was DDR, who gained nearly 13% Friday. The stock closed at $5.69, a gain of 65 cents.
Losers
XL Capital Ltd (XL)
The insurer set a new 52-week-low on massive trading as it continues the downward spiral begun when it announced it's seeking a buyer. Shares were down more 22% on the day, closing at $2.68, a loss of 76 cents.
PerkinElmer Inc (PKI)
Shares fell nearly 18.5% after Deutsche Bank downgraded the stock to "sell" status on concerns about the outlook of the entire scientific tools sector. Shares last traded at $13.29, a loss of $3.00, to close the week.
Waters Corp. (WAT)
Another scientific tools maker feeling the heat, shares of Waters Corp. fell more than 11% Friday following news that the company is lowering its guidance. The stock finished the week at $37.21, a loss $4.67.
E*Trade Financial Corp. (ETFC)
The financial-services company continued its fall from grace, as shares tumbled another 9.24% on Friday. The stock closed at $1.08, a loss of 11 cents on the day.
Thermo Fisher Scientific Corp. (TMO)
This scientific tools maker followed suit with the sector, losing more that 8.5% to close out the week. The stock finished at $30.46, a loss of $2.86.
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