Freitag, 24. Juli 2009

Market Winners & Losers: Starbucks, Allegheny Technologies

The major indices finished the day mixed, with the Dow ending its seven-day hot streak and the Nasdaq plowing ahead to round out its eleventh day in the green. The Dow closed down 0.4%, the S&P dropped 0.05%, and the Nasdaq added 0.5%.

Here are Wednesday’s winners and losers:

Winners

Starbucks Corp. (SBUX)
The luxury coffee shop saw its shares skyrocket 18.4% on its quarterly earnings release. SBUX last traded at $17.39, a gain of $2.70 on the day.

Linear Technology Corp. (LLTC)
The circuit manufacturer closed with an 8.3% gain as the company beat the Street’s fourth-quarter earnings estimates. LLTC ended the session at $27.11, a gain of $2.07.

Lennar Corp. (LEN)
The homebuilder led the sector higher on Wednesday, with shares jumping 7.7%. LEN closed at $10.62, a gain of 76 cents on the day.

Novell Inc. (NOVL)
The software company helped keep the Nasdaq in positive territory Wednesday, with shares closing up 7.1%. NOVL last traded at $4.68, a gain of 31 cents on the day.

KeyCorp. (KEY)
The regional bank closed up 7.1% on a narrower-than-expected quarterly loss. KEY last traded at $5.16, a gain of 34 cents on the day.

Losers

Allegheny Technologies Inc. (ATI)
The metals producer saw its shares sink by 18.1% Wednesday as the company swung to a loss in the second quarter. ATI last traded at $28.50, a loss of $6.29 on the day.

Advanced Micro Devices Inc. (AMD)
The chip manufacturer got hit hard with a 13% loss on quarterly losses. AMD closed the session at $3.55, a loss of 53 cents.

CIT Group Inc. (CIT)
CIT continued its losing trend, falling 11.2% on Wednesday as bankruptcy still hovers over investors’ heads. CIT ended trading at 87 cents, a loss of 11 cents on the day.

Whirlpool Corp. (WHR)
Another stock crushed by quarterly earnings, Whirlpool fell 9.9% as profit fell by more than 30%. WHR closed Wednesday at $50.75, a loss of $5.59.

St. Jude Medical Inc. (STJ)
The medical service and equipment provider saw its shares fall 8.9% Wednesday despite meeting the Street’s earnings estimates. STJ ended trading at $36.08, a loss of $3.52 on the day.

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