The autos took a turn for the worst on Monday, and the markets responded accordingly. The major indices fell 3.2% while the dollar moved stronger to start the week.
Here are Monday’s winners and losers:
Winners
Fifth Third Bancorp (FITB)
News that the regional is selling its majority stake in its payment-processing unit sent the stock up 5.5%, or 13 cents, to end the day at $2.48 a share.
Apollo Group Inc. (APOL)
The stock dropped sharply after opening, only to rally 3% later ahead of its earnings release on Tuesday. Shares ended the day at $78.94 a piece, a gain of $2.29 on the day.
Allergan Inc. (AGN)
Continued rumors of a possible buyout by GlaxoSmithKline sent the stock up another 2.9%. The stock ended the session at $48.36, up $1.35 on the day.
Gilead Sciences Inc. (GILD)
Another biotech that made money Monday, Gilead saw its shares surge 2.8%, or $1.25, to $48.36 as a hypertension drug moved further into clinical testing.
Abbot Laboratories (ABT)
With a new drug-coated stent on the way, shares of Abbot moving the stock up 2.8%. It ended Monday at $47.89 a gain of $1.29.
Losers
Lincoln National Corp. (LNC)
A downgrade by Credit Suisse and its withdrawal from an FDIC-backed loan program helped sink the stock 38.2% to start the week. Shares closed at $6.41, a loss of $3.96 on the day.
Manitowoc Co. (MTW)
The crane manufacturer’s gloomy earnings outlook sent shares spiraling 33.4% lower on Monday. MTW shares ended at $3.07, a loss of $1.54 on the day.
General Motors Corp. (GM)
The automaker got a less-than-courteous offer from the government to shape up or ship out, moving shares 25.4% to the downside. The stock closed at $2.70, a loss of 92 cents on the day.
Principal Financial Group Inc. (PFG)
Following sector trends, the stock finished down sharply, losing 22.5%. PFG last traded at $7.89, a loss of $2.32 on the day.
Capital One Financial (COF)
Another stock following sector trends, COF dropped 20.2% on Monday, closing at $11.35 – a loss of $2.88 a share.
Tax Tips: Loss on home sale can’t be deducted
Market Winners & Losers: Dynegy, AIG
