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Market Winners & Losers: Supervalu, Consol Energy

 
Michael Goldstein
FOXBusiness
     

    Tuesday ended trading with all of the major indices falling sharply, but there were a few gainers swimming upstream against the river of red.  Here are some of the day’s winners and losers.

     

    Winners

    Monsato (MON)

    The world's biggest seed maker saw its first-quarter profit more than double, citing higher sales to Latin America and raised expectations for the year. The stock rose $12.94, or 18%, to $86.16.

    Family Dollar Stores (FDO)

    FDO beat Wall Street’s estimates with earnings of 42 cents per share with a 14% increase in first-quarter earnings as bargain hunters increasingly turn to the discount retailer.  Analysts had forecast earnings of 40 cents per share. Shares rose $3.48, or 14%, to $27.81.

    Supervalu (SVU)

    The grocer’s shares rose on better-than-expected earnings of 62 cents per share against the analyst forecast of 60 cents per share, and announced plans to pay down debt by closing stores and cutting spending. The stock gained $1.24, or 8.2%, to $16.33.

    Ciena (CIEN)

    Shares continued to rise, advancing 64 cents, or 7.6%, to $9.04 after Barclays Capital analyst Jeffrey Kavaal upgraded the stock on Tuesday, saying he expected the telecommunications network equipment maker company to outperform its lagging industry.

    Goodyear Tire & Rubber (GT)

    Here’s something positive from the bailout talk -- shares continue to rise as investors bet that the government loan packages will stimulate the automotive industry. The stock gained 44 cents, or 5.9%, to $7.95.

     

    Losers

    American Capital Ltd. (ACAS)

    ACAS followed the majority of the financial sector into the red, falling $1.07, or 15%, to $6.24, giving up a portion of yesterday’s gains.

    Wynn Resorts Ltd. (WYNN)

    With analysts projecting more industrywide troubles in 2009 and competitor MGM Grand scaling back Las Vegas development plans, shares in this casino operator slid $8.05, or 15%, to $47.23..

    Lincoln National Corp. (LNC)

    LNC was another victim of the general decline in the financial sector. Recent news of an investigation into the company’s employees savings and profit sharing plan didn’t help either, as the stock fell $3.58, or 14%, to $21.22.

    Consol Energy Inc. (CNX)

    The coal sector was down on Wednesday overall, adding to Consol’s woes from its announcement earlier this week regarding the closure of one of its Southwestern Pennsylvania mines. CNX shares fell $5.22, or 14%, to $31.37.

    Wyndham Worldwide Corp. (WYN)

    Here is another hotel and resort company feeling the pinch.  Wyndham saw its shares drop with the rest of the casino industry based on a troubling 2009 outlook, falling $1.11, or 13%, to $7.60.