Donnerstag, 12. November 2009

Market Winners & Losers: Pulte Homes, Macy's

The major indexes closed the midpoint of the week on a positive note. The Dow closed up 0.4%, the S&P 500 inched up 0.5% added and the Nasdaq gained 0.7%.

Here are Wednesday’s winners and losers:

Winners

Pulte Homes Inc. (PHM)
The homebuilder saw its shares rise 8.1% after reporting a 42% rise in fourth-quarter net contracts. PHM shares last traded at $10.23, a gain of 77 cents on the day

KB Home (KBH)
The homebuilder added 6.7% to its stock price Wednesday. KBH shares closed at $15.66, up 98 cents on the day.

MBIA Inc. (MBI)
The insurer continued its volatile trading pattern, rising 6.5% on Wednesday. MBI shares ended the session at $3.75, a gain of 23 cents on the day.

Lennar Corp. (LEN)
The homebuilder’s shares jumped 5.7% to close the session at $15.12, a gain of 82 cents on the day.

D.R. Horton Inc. (DHI)
The homebuilder’s stock moved up by 5.7% to close Wednesday’s session at $12.36, a gain of 67 cents on the day.

Losers

Macy’s Inc. (M)
The retailer's shares sank 8.1% after earnings missed the Street’s estimates. Macy’s shares closed at $17.86, a loss of $1.57 on the day.

J.C. Penney Co. Inc. (JCP)
JCP shares ended Wednesday’s session at $29.87, down $1.28, or 4.1%, on the day.

Kohl’s Corp. (KSS)
The retailer’s stock dropped 3.1% to close Wednesday’s session. KSS shares finished at $54.59, a loss of $1.77 on the day.

GameStop Corp. (GME)
The video-game retailer lost 3% after Goldman Sachs downgraded the company. GME shares last traded at $24.43, down 75 cents on the day.

SUPERVALU Inc. (SVU)
The grocer ended the session down 2.6%. SVU shares closed at $16.39, a loss of 44 cents on the day.

First Horizon loss narrowsMarket Winners & Losers: MBIA, Molson Coors