Tuesday was full of good news as the major indices experienced a rare up day, moving 6.41% to the green. The other big story of the day is that Bernie Madoff is to plead guilty to 11 counts with a possible sentence of 150 years. Both gold and oil prices fell and the market finally received some positive news from Washington.
Here are today’s winners and losers:
Winners:
Office Depot Inc. (ODP)
It was a rare reason to celebrate as Office Depot said that its first quarter of 2009 was looking better than the previous one. The stock moved up 56% Tuesday and closed the session at 92 cents, a gain of 33 cents.
Developers Diversified Realty Corp. (DDR)
Despite rumors that DDR may be booted from the S&P 500, the stock followed the market trend, moving up 44%. It closed at $1.77 a gain of 54 cents.
Genworth Financial Inc. (GNW)
Thankfully, the NYSE had suspended its $1 minimum for stocks because Tuesday’s 41.8% gain was the only reason the stock moved above that mark. It closed at $1.29 up 39 cents.
Citigroup Inc. (C)
Citi may be to thank for today’s green in the markets. News that it had actually profited during the last two months of operation brought a breath of life to the market. Citi’s stock last traded at $1.45, up 40 cents, a gain of 38.1%.
Bank of America Corp. (BAC)
The big banks were among the biggest winners today and BAC was no exception, as it gained 27.7%. It closed at $4.79, up $1.04.
Losers:
Brown-Forman Corp. (BFB)
Despite better-than-expected earnings, the maker of Jack Daniels, traded down 9.9%. It closed the session at $37.00 a loss of $4.06.
Newmont Mining Corp. (NEM)
Tuesday saw gold fall below $900 an ounce and the stock dropped 7.3%. NEM last traded at $35.03, a loss of $2.76.
Johnson Controls Inc. (JCI)
A moody’s downgrade had the stock dropping during a soaring session. The stock closed down 6.8%. It finished Tuesday at $8.95, a loss of 66 cents.
Exelon Corp. (EXC)
Exelon was the only major utility company to post a loss Tuesday, closing down 2.9%. It ended the session at $42.57, a loss of $1.27.
AON Corp. (AOC)
The insurer dropped 1.1% during trading. AOC finished Tuesday at $38.29, a loss of 43 cents.
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