Donnerstag, 14. Mai 2009

Market Winners & Losers: Pfizer, GM

Tuesday ended with a mixed market as the Dow pushed out a 0.6% gain, while the S&P lost 0.1% and NASDAQ dropped 0.9%.

Here are Tuesday’s winners and losers:

Winners:

CME Group Inc. (CME)

CME got a boost from a rise in oil that crossed the $60 a barrel price during trading as it gained 7%. It closed up $16.95 to $258.48.

CIT Group Inc. (CIT)

CIT closed after another day of volatile trading to the upside of 6.6%. The regional bank last traded up 20 cents to $3.22.

Flour Corp (FLR)

Despite lowering yearly guidance, the construction company Flour Corp watched its first-quarter earnings rise 50%, helping shares continue their climb. The stock ended up 5.7%, or $2.45, to $45.66.

Pfizer Inc. (PFE)

A credit Suisse analyst said that upon completion of the Wyeth deal, Pfizer will up its dividend, which pushed the stock up 5.5% Tuesday. It closed the session up 78 cents to $14.93.

Monsanto Co. (MON)

The world’s largest seed manufacturer reached an agreement on a patent dispute with DuPont as it gained 4.8%. MON closed up $4.12 to $90.08.

Losers:

General Motors Corp. (GM)

The big auto maker’s stock fell to prices not seen since before World War II during trading as executives within the company sold off massive amounts of stock. It closed down 20.1%, or 29 cents, to $1.15.

Ford Motor Co. (F)

Shares of Ford fell 17.6% after the company announced it’s going to sell $300 million in stock to avoid another capital injection by the government. It last traded down $1.07 to $5.01.

SunTrust Banks Inc. (STI)

SunTrust fell another 12.4% while the company continues to try to raise money by selling large quantities of stock. It ended down $2.30 to $16.21.

MBIA Inc. (MBI)

MBIA’s stock shot up at the beginning of trading but could not hold the gains throughout the session as it closed down 11.8%. MBI ended Tuesday with a loss of 82 cents to $6.14.

E*Trade Financial Corp. (ETFC)

The online financial services provider continued its slide, falling another 10.7% Tuesday. ETFC last traded down 19 cents to $1.59.