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Friday, August 21, 2009
Market Winners & Losers: Salesforce.com, Intuit
By David O'Brien
FOXBusiness
The major indices climbed for the fourth day in a row to their highest levels of the year. The Dow ended Friday up 1.7%, the S&P added 1.9% and the Nasdaq gained 1.6%.
Here are Friday’s winners and losers:
Winners
Salesforce.com Inc. (CRM)
Shares of the software company rose 16.2% Friday on the company’s quarterly results. CRM shares last traded at $53.67, a gain
of $7.49 on the day.
Jabil Circuit Inc. (JBL)
The electronics manufacturer saw its shares surge10.9% Friday after a Citi upgrade. JBL shares ended the session at $10.71,
a gain of $1.05 on the day.
Limited Brands Inc. (LTD)
The teen apparel retailer closed up 7% on an upgrade by Citi. LTD shares finished the week at $15.35, a gain of $1.00 on the
day.
Nabors Industries Ltd. (NBR)
The drilling contractor followed crude prices higher to end the week with a 6.8% gain. NBR shares closed at $18.80, a gain
of $1.19 on the day.
Regions financial Group Inc. (RF)
The regional bank bounced back from a downgrade Thursday, adding 6.7% to its share price. RF shares last traded at $5.86,
a gain of 37 cents on the day.
Losers
Intuit Inc. (INTU)
A Credit Suisse price cut dropped the TurboTax maker 7.2% Friday. INTU shares closed at $28.62, a loss of $2.23.
Tenet Healthcare Corp. (THC)
The health-care services company bucked sector trends, falling 3% on Friday. THC last traded at $4.55, a loss of 14 cents
on the day.
Nike Inc. (NKE)
The apparel manufacturer fell 2.4% Friday, ending the session at $55.65 – a loss of $1.35 on the day.
E*Trade Financial Corp. (ETFC)
News that a deal with Citadel investment may not go through dropped shares of the online broker by 2.1% Friday. ETFC shares
closed at $1.41, down 3 cents on the day.
Goodyear Tire & Rubber Co. (GT)
The closing of its rubber museum shook investors as the tire manufacturer saw its shares fall 1.6%. GT finished the week at
$17.97, a loss of 29 cents on the day.
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