The Dow jumped 246 points on Thursday, continuing its five-week – the first since October 2007. The indices surged 3.6% on average, carried by Wells Fargo as the company looks to post $3 billion in net profit.
Here are Thursday’s winners and losers:
Winners
Textron Inc. (TXT)
Shares of the conglomerate surged 48.9% on Thursday as rumors of a possible buyout continued to drive the stock all week. The stock closed at $13.56, a gain of $4.45 on the day.
Gannett Co. Inc. (GCI)
Shares of GCI moved up 39.4% on Thursday as Ariel Capital Management upped its stake in the publisher. GCI ended the trading day at $3.75, a gain of $1.06 on the day.
Bank of America Corp. (BAC)
BAC shares bounced off reports that bank stress tests won’t likely result in any failures. The stock gained 35.3%, or $2.49, to end the day at $9.55.
Fifth Third Bancorp. (FITB)
Fifth Third followed the sector higher, with shares closing up 33.7%, or 89 cents higher, to settle at $3.53.
Wells Fargo & Co. (WFC)
The company’s surprise preliminary earnings announcement sent shares of WFC up 31.7%, or $4.72, to close the trading week at $19.61.
Losers
H&R Block Inc. (HRB)
With just days left until the tax deadline, HRB shares fell 4.9%, skimming its yearly lows. The stock ended at $15.58, a loss of 80 cents.
Stericycle Inc. (SRCL)
Shares of the bio-med waste disposal company fell 4.2% Thursday, closing at $49.64 a piece – a loss of $2.16 on the day.
Novell Inc. (NOVL)
The rare loser in the software sector, NOVL fell 4.1% to end the week, last trading at $3.73 – a loss of 16 cents on the day.
Wal-Mart Stores Inc. (WMT)
Sales numbers did not meet the Street’s estimates and shares of WMT responded by falling 3.7%. The jumbo-retailer closed at $50.66, down $1.95 on the day.
Abercrombie & Fitch C. (ANF)
The retailer fell on less-than-stellar sales numbers, despite economic data showing a favorable future for the sector as a whole. ANF last traded at $24.76, a loss of 90 cents, or 3.5%.
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