Sonntag, 19. Juli 2009

Market Winners & Losers: Whirlpool, CIT

The bulls continued their stampede on Thursday with the Dow closing up 1.1%, the S&P up 0.9% and the Nasdaq added 1.2%.

Here are Thursday’s winners and losers:

Winners

Whirlpool Corp. (WHR)
Whirlpool got a boost from AB Electrolux’s positive earnings results, with shares gaining 9.1%. The stock closed at $54.40, a gain of $4.53 on the day.

SanDisk Corp. (SNDK)
The semiconductor-manufacturer led the tech sector Thursday as it gained 9.1% to close the session. SNDK added $1.47 a share to $17.67.

Harley-Davidson Inc. (HOG)
The motorcycle giant roared into positive territory after it announced a good outlook for the remainder of 2009. HOG finished up 8.4%, or $1.47, to settle at $18.96.

FedEx Corp. (FDX)
The courier lead the transportation sector higher Thursday, with shares closing up 7.7%. FDX closed at $61.79, a gain of $1.37 on the day.

Massey Energy Co. (MEE)
A deal with Foundation Coal Holdings boosted shares of Massey Energy by 7.1%. MEE finished Thursday up $1.37 at $49.27.

Losers

CIT Group Inc. (CIT)
With a possible bankruptcy looming, the financial lender plummeted 75% on Thursday. CIT closed down 41 cents at $1.23.

American International Group Inc. (AIG)
The financial company followed CIT’s lead, with shares dropping10.3% to close the session. AIG lost $1.47 and settled at $12.75.

Marriott International Inc. (MAR)
The hotel chain posted a lower quarterly profit, causing shares to fall 6.2%. MAR closed down $1.36 to $20.44.

Citigroup Inc. (C)
Another financial feeling the CIT strain, Citigroup shares posted a 4.4% loss on Thursday. Citi ended the session down 14 cents at $3.03.

Motorola Inc. (MOT)
A Goldman Sachs downgrade dropped shares of the mobile-phone company 4.2% to end the session. MOT shares lost 28 cents to settle at $6.33.

Market Winners & Losers: Mattel, GE