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Market Winners & Losers: Black & Decker, Novellus

 
By David O'Brien
FOXBusiness
     

    The major indexes ended mixed on a day filled with positive auto sales numbers and Berkshire Hathaway’s biggest deal ever. The Dow closed down 0.2% while the S&P 500 gained 0.2% and the Nasdaq added 0.4%.

    Here are Tuesday’s winners and losers:

    Winners

    Black & Decker Corp. (BDK)
    The tool manufacturer gained 31% a day after the announcement that it would be acquired by Stanley Works. BDK shares closed at $62.00, up $14.66 on the day.

    Burlington Northern Santa Fe Corp. (BNI)
    News that Warren Buffett’s Berkshire Hathaway is buying the railroad for $44 billion helped the stock gain 27.5%. BNI shares ended the session at $97.00, a gain of $20.93 on the day.

    American International Group Inc. (AIG)
    The insurer saw its stock climb 14.3% Tuesday, with shares gaining $4.91 to end the day at $39.22.

    Stanley Works (SWK)
    Monday’s action with Black & Decker helped the tool manufacturer add 10.1%. SWK shares last traded at $46.69, a gain of 4.54 on the day.

    Cognizant Technology Solutions Corp. (CTSH)
    Quarterly results beat the Street’s estimates, sending the IT technology provider up 8.2% Tuesday. CTSH shares closed at $41.97, up $3.17 on the day.

    Losers

    Novellus Systems Inc. (NVLS)
    A downgrade by Morgan Stanley dropped the semiconductor developer’s stock by 5.2%. NVLS shares last traded closed at $19.71, down $1.07 on the day.

    Vulcan Materials Co. (VMC)
    The construction aggregate producer fell 4.4% after reporting earnings. VMC shares ended the session at $45.06, a loss of $2.06 on the day.

    KLA-Tencor Corp. (KLAC)
    A downgrade by Morgan Stanley hurting another semiconductor manufacturer as the stock fell 3.5%. KLAC shares finished Tuesday at $31.70, down $1.16 on the day.

    Applied Materials Inc. (AMAT)
    Following sector trends the semiconductor developer sank 3.3%. AMAT shares closed at $11.89, a loss of 41 cents on the day.

    Rockwell Collins Inc. (COL)
    The company’s worse-than-expected results sent shares down 3%, or $1.54, with shares last trading at $49.24.