The major indices closed out the week in the red after the release of a number of disappointing economic reports. The Dow dropped 0.4%, the S&P 500 was down 0.6%, and the Nasdaq Composite was down 0.8%.
Here are some of Friday’s winners and losers:
Winners
Finish Line Inc. (FINL)
Athletic-footwear retailer Finish Line released second-quarter results after the bell on Thursday swinging to a loss based on costs from exiting the Man Alive chain. The company showed improvement in margin costs and indicated positive comparable-store trends for the second half, pushing shares up $1.13 or 12.2% to close at $10.43.
Sara Lee Corp. (SLE)
Sara Lee announced that it has entered into a binding agreement to have to have its global body care and European detergents businesses acquired by Unilever in a $1.88 billion deal.Sara Lee’s Chief Executive Brenda Barnes said that the deal would allow the company to focus on its core food and beverage businesses.Sara Lee shares were up 67 cents, or 6.7%, to close at $11.21.
LSI Corp. (LSI)
LSI shares gained 5.3% after analysts at Deutsche Securities raised their rating to “Buy” from “Hold.” Shares gained 28 cents and closed at $5.58.
Sunoco Inc. (SUN)
Much of the refining sector was up Friday after Goldman Sachs raised its view on the sector.One of the gainers was Sunoco which was upgraded by analysts at Goldman Sachs to “Neutral” from “Buy” sending shares up 4%, gaining $1.06, to close at $27.75.
Starbucks Corp. (SBUX)
Shares of Starbucks were up 3.4% after analysts at Bernstein initiated coverage of the company with an “Outperform” rating.Shares gained 66 cents and closed at $19.83.
Losers
Research In Motion Limited (RIMM)
Shares of the RIMM dropped 17% Friday after coming in with earnings below analyst estimates and lowering its outlook after the bell Thursday. Subsequently, analysts at Goldman Sachs and Raymond James have cut their rating on the stock. Shares closed down $14.15 at $68.91.
KB Home (KBH)
KB Home released third-quarter results reporting a loss of 87 cents per share on $458.5 million in revenue.Analysts had been expecting a loss of 58 cents per share on revenue of $458 million.Shares slid 8.6%, losing $1.59, to close at $16.96.
Cabot Oil & Gas Corp. (COG)
The Department of Environmental Protection has ordered Cabot to cease all natural gas well hydrofracking operations in Susquehanna County Pennsylvania until the company completes a number of engineering and safety tasks.Cabot shares were down $2.36, or 6.5%, to close at $33.70.
Jabil Circuit Inc. (JBL)
Shares of Jabil Circuit were down 5.3% Friday in what may be investor profit taking after a 70% increase in value since July and ahead of the company’s fourth-quarter earning due out next week. Shares closed trading down 66 cents at $11.87.
Massey Energy Corp. (MEE)
Analysts at JPMorgan cut their rating on Massey Energy to “Neutral” from “Overweight” citing slowing demand for coal in China. The stock closed down $1.13, or 3.9%, at $28.05.
Pre-Market Movers: Nordson, Foot LockerFedEx sees more global demand
