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Wednesday, September 02, 2009
Market Winners & Losers: Textron, CA Inc.
By David O'Brien
FOXBusiness
The major indices ended the day in negative territory for the fourth day in a row, with the Dow closing down 0.3%, the S&P ending down 0.3% and the Nasdaq falling 0.1%.
Here are Wednesday’s winners and losers:
Winners
Textron Inc. (TXT)
The defense contractor rose 12.2% after being added to Goldman Sachs conviction buy list. TXT shares closed at $17.39, up
$1.89 on the day.
Motorola Inc. (MOT)
The mobile phone manufacturer gained 11.4% Wednesday. MOT shares last traded at $7.82, up 80 cents on the day.
Newmont Mining Corp. (NEM)
The gold producer followed the precious metal’s rise as the stock soared 9.3%. NEM shares finished the session at $43.90,
up $3.72 on the day.
Brown-Forman Corporation (BF-B)
Quarterly results that beat analysts’ expectations pushed the Jack Daniel’s manufacturer up 5.9%. BF shares ended Wednesday
at $46.39 up 42.57 on the day.
American International Group (AIG)
The insurance giant bucked back into positive territory, adding 5.4% at session’s close. AIG shares finished trading at $37.95,
up $1.95 on the day.
Losers
CA Inc. (CA)
The software developer dropped 7.6% after a downgrade by MKM Partners. CA shares closed at $20.20, a loss of $1.66 on the
day.
Huntington Bancshares (HBAN)
The regional bank fell 7.5% following a terrible day for the sector on growing concerns about the upcoming employment report.
HBAN shares last traded at $3.93, down 32 cents on the day.
SunTrust Banks Inc. (STI)
Another regional bank stewing over Friday’s employment report, SunTrust saw its shares slide 7.2%. STI shares finished trading
at $20.17, a loss of $1.56 on the day.
Smith International Inc. (SII)
An FBR Capital downgrade cost the drilling product supplier 6.7%. SII ended Wednesday at $25.22, down $1.81 on the day.
Regions Financial (RF)
The regional bank followed sector trend, with shares declining 6.3% on Wednesday. RF shares closed at $5.19, a loss of 35
cents on the day.
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