The major indices may have had a rousing Thursday morning, but they lost their gains in a late-day selloff. The biggest news of the day was Obama’s rollout of a $3.6 trillion budget that has the financials and banking sector wondering who will survive the coming year.
Here are today’s winners and losers:
Winners
Huntington Bancshares Inc. (HBAN)
HBAN continued to distance itself from its lows in the hopes that it will benefit from the proposed stress tests. Shares rose 19.3%, or 32 cents, to finish the session at $1.98.
SunTrust Banks Inc. (STI)
Another bank looking to benefit from the stress test, SunTrust looks to raises its CEO pay with its chunk of government cheese. The stock rose 18.8% on the day, ending at $12.95 – a gain of $2.05 a share.
Fifth Third Bancorp (FITB)
While it had looked like the end was near for the regional it, too, could benefit from the government’s latest action. The stock gained 18%, or 35 cents a share, on the day, ending the session at $2.29.
AFLAC Inc. (AFL)
The famous AFLAC duck won’t yet become soup after U.K. government’s moves to support RBS bolstered confidence in AFLAC’s investments in hybrid securities. The stock gained 17.7%, or $2.85, on the day, closing at $18.96.
U.S. Bancorp (USB)
Another bank riding the wave of optimism, the stock gained 16.9% during trading Thursday. The stock closed at $14.91, a gain of $2.15 on the day.
Losers
SLM Corp. (SLM)
Sallie Mae got kicked to the curb Thursday by President Obama as he looks to put a stop to privatized student lending. The stock closed down 30.9% at $5.80, a loss of $2.59 on the day.
Integrys Energy Group Inc. (TEG)
Oil went up and TEG went down, falling to 26.7% to hit a new 52-week low. The stock lost $9.77 to close the session at $26.85.
Humana Inc. (HUM)
The health insurers are not happy with the government’s budget plans. Humana shares closed Thursday down 19.5% at $23.64, a loss of $5.72.
Developers Diversified Realty Corp. (DDR)
According to Barron’s there are rumors floating around that a number of REITS could be removed from the S&P 500 – and DDR would be among them. The stock dropped 17.3% to $2.87 a share, a loss of 60 cents on the day.
SUPERVALU Inc. (SVU)
The grocer took a beating today, losing 15.4% to settle at $15.19 – a loss of $2.76 on the day.
Market Winners & Losers: Lennar, AFLAC
Large banks take beating on Wall Street
Market Winners & Losers: Symantec, Textron
