Mittwoch, 19. August 2009

Market Winners & Losers: Target, MetroPCS

The major indices gained back a large chunk of Monday’s losses on some better-than-expected earnings. The Dow closed up 0.9%, the S&P gained 1%, and the Nasdaq added 1.3%.

Here are Tuesday’s winners and losers

Winners:

Ciena Corp. (CIEN)

The communications equipment provider soared 9% yesterday and last traded at $12.81, up $1.06.

Agilent Technologies Inc. (A)

The measurement technology company rose 7.9% on quarterly earnings. Agilent shares closed at $25.41, a gain of $1.85.

Target Corp. (TGT)

The discount retailer’s stock was boosted 7.6% after reporting earnings Tuesday, despite a drop in same-store sales. TGT shares ended the session at $44.32, up $3.11

Manitowoc Co. (MTW)

The crane manufacturer bounced back from yesterday’s losses to close Tuesday up 7.4%. MTW shares last traded at $6.66, a gain of 46 cents.

Deere & Co. (DE)

The tractor manufacturer was seeing green today as investors pushed the stock up 6.2% in anticipation of its earnings release. John Deere shares closed at $45.09, up $2.62

Losers:

Constellation Brands Inc. (STZ)

The beer and wine manufacturer bucked the market trends as it fell 3.1%. STZ shares last traded at $13.95, a loss of 45 cents.

TJX Cos. (TJX)

The TJ Maxx owner continued its volatile trading pattern as it returned most of Monday’s gains with a 3% loss, despite posting a 31% profit gain. TJX shares closed at $34.33, down $1.05.

MetroPCS Communications Inc. (PCS)

The wireless communications provider continues to float around its yearly lows after an Atlantic Equities downgrade caused the stock to drop 2.8%. PCS shares ended the session at $8.26, a loss of 24 cents.

Coventry Health Care Inc. (CVH)

News that President Obama's health-care plan was again gaining momentum squashed all of Monday’s games for Coventry as the stock fell 2.6%. CVH shares ended Tuesday at $22.98, down 62 cents.

IMS Health Inc. (RX)

IMS was another health-care company retreating from yesterday’s gains as it fell 2.5%. RX shares closed at $13.07, a loss of 34 cents.

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