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Friday, November 14, 2008
Market Winners & Losers: Dell, Liz Claiborne
By David O'Brien
FOXBusiness
The major indices could not hold on to Thursday’s gains and dropped 338 points to end the week, but some stocks fared well. Here are a few of today’s winners and losers.
Winners
Hartford Financial Services Group Inc. (HIG)
Add another log to the TARP fire -- news of HIG's plan to become eligible for the government's bailout funding boosted the
stock more than 20%. The stock finished the week trading at $12.65 up $2.19.
Dell Inc (DELL)
As the computer giant prepares to release earnings late next week, the stock continued to climb up another 6% on the day.
The stock rose $0.62 to close the week at $10.89.
Sunoco Inc. (SUN)
The petroleum refiner saw stocks rise, despite falling prices, on news of the appointment of interim CFO Terrence P. Delaney.
The stock, which has also been helped by a 155% jump in quarter-to-quarter income, finished the day up nearly 5.5% or $1.96,
closing at $37.97.
Dean Foods (DF)
The company recently appointed Corey McKelvey to new position of Chief Strategy and Transformation Officer as it looks to
improve quarterly growth. This move helped the stock move 3.85% -- a change of $0.54 -- to close at $14.55.
AON Corp (AOC)
The stock continues to climb after releasing earnings in late October, up another 3.84% on Friday. The world’s largest insurance
brokerage by assets was up $1.56 to end the week at $42.16.
Losers
Liz Claiborne Inc (LIZ)
After reporting a $6 million loss in the third quarter, things have gone from bad to worse for Liz Claiborne shares. The stock
fell another 25.75%, or $1.28, to close at $3.69.
ProLogis (PLD)
An early day rally did not last as this stock fell another 25.73% on Friday. The stock has fallen near 90% in the last year
and there doest not seem to be anything in the near future to help the real estate investment company. Shares finished trading
at $5.08 -- a loss of $1.76.
Apartment Investment Management Co. (AIV)
Apparently it doesn’t pay to rent either. The apartment owner and leaser watched the stock tumble nearly 21% to close the
week. The stock finished the week trading at $12.09 a loss of $3.17.
Abercrombie Fitch Co. (ANF)
The closer retailer is certainly not getting any help this holiday season. The stock fell nearly 21% to end the week -- this
on the back of a third-quarter loss of 46% with lowered outlook for the fourth quarter and 2009. The stock finished with a
loss of $4.65 on the week, closing at $17.79.
Office Depot Inc. (ODP)
It wasn’t a good day for Office Depot, as recent retail numbers prove that consumers seem not to be shopping anywhere but
Wal-Mart. The stock closed the week down 16.80% with shares trading at just over $2.00.
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