Freitag, 31. Juli 2009

Market Winners & Losers: Goodyear, Akamai

The major indices took a nice step into the positive Thursday on a better-than-expected Treasury auction and a stream of earnings reports. The Dow closed up 0.9%, the S&P gained 1.2% and the Nasdaq added 0.8%.

Here are Thursday’s winners and losers:

Winners

Goodyear Tire & Rubber Co. (GT)
Despite reporting a quarterly loss, the tire manufacturer beat the Street’s estimates and shares gained 14.2%. GT closed at $15.86, a gain of $1.97.

Hartford Financial Services Group Inc. (HIG)
Hartford Financial reported better-than-expected earnings and narrowed its guidance, sending shares higher by 13.6%. HIG shares last traded at $16.99, a gain of $2.03 on the day.

Wynn Resorts Ltd. (WYNN)
The casino-resort company posted better-than-expected earnings and the stock responded positively, adding 13.2%. WYNN shares ended the session at $50.15, a gain of $5.84.

CIT Group Inc. (CIT)
CIT lead the bank-holding companies on Thursday, closing up 12.8%. CIT finished trading at 88 cents, a 10 cent gain on the day.

Lincoln National Corp. (LNC)
The insurance giant led the sector after reporting earnings Wednesday, with shares gaining 12.4%. LNC closed Thursday at $20.29, a gain of $2.24.

Losers

Akamai Technologies Inc. (AKAM)
Poor quarterly guidance and results pushed the Internet service-provider down 19.1%. AKAM last traded at $16.51, a loss of $3.89.

Symantec Corp. (SYMC)
The Internet security provider fell 14.3% on less-that-stellar quarterly results. SYMC finished the session at $14.78, a loss of $2.46.

Avery Dennison Corp. (AVY)
A major drop in earnings cost the pressure-sensitive materials maker 10.6% on Thursday. AVY ended the session at $26.65, a loss of $3.16 on the day.

Eastman Kodak Co. (EK)
Kodak closed down 10.4% on poor yearly outlook. The film and camera manufacturer closed at $2.94, down 34 cents on the day.

MetroPCS Communications Inc. (PCS)
A Baird downgrade dropped the mobile-phone company 9.7%. PCS ended Thursday at $11.69, a loss of $1.25 on the day.

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