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Market Winners & Losers: H&R Block, AIG

 
David O'Brien
FOXBusiness
     

    The last trading session of the quarter was rocked by a lack of consumer confidence as the major indices all went red. The Dow fell 1%, the S&P lost 0.5% and the Nasdaq plunged 0.9%.

    Here are Tuesday’s winners and losers:

    Winners

    H&R Block Inc. (HRB)
    Shares of H&R Block rose 9.8% after the tax preparation company announced better-than-expected earnings. HRB closed at $17.20, a gain of $1.53 on the day.

    Apollo Group Inc. (APOL)
    The online educator gained 7.8% on Tuesday on the back of reporting strong third-quarter earnings results on Monday . APOL last traded at $71.12, a gain of $5.13.

    Ford Motor Company (F)
    Shares of the auto manufacturer bucked sector trends, rising 5% Tuesday after the company announced it plans to boost production. The stock rose 29 cents to settle at $6.07.

    International Paper Co. (IP)
    The paper manufacturer gained 4.9% after an analyst said a potential merger between two other companies would give International Paper greater market share. IP ended the session at $15.13, a gain of 71 cents on the day.

    Electronic Arts Inc. (ERTS)
    Shares of the video-game manufacturer closed up 4.4% on a Bank of America upgrade. ERTS shares last traded at $21.72, a gain of 91 cents on the day.

    Losers

    American International Group Inc. (AIG)
    A drop in consumer confidence hurt the financial giant as shares closed down 12.8% on Tuesday. AIG ended the session at $1.16, a loss of 17 cents.

    CIT Group Inc. (CIT)
    CIT’s stock fell 6.5% after the company received a downgrade from KBW. CIT closed down 15 cents at $2.15.

    Zions Bancorp. (ZION)
    A Fitch downgrade sent the regional lower by 5.6% Tuesday. Zion ended the trading day at $11.56, a loss of 68 cents.

    Deere & Co. (DE)
    The tractor manufacturer got a less-than-positive response from investors after news that the company expects to take a hefty charge as a result of 800 workers taking buyouts. DE last traded down 5.2% to $39.95, a loss of $2.20.

    Starbucks Corp. (SBUX)
    Starbucks ending the month and quarter with a decaf session, as the company posted a 5.1% loss Tuesday. SBUX finished July down 75 cents to $13.89.

     

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