Midday movers: Best Buy, Procter & Gamble

Stocks are down despite a decline in initial jobless claims.

By MSN Money Partner Oct 25, 2012 1:29PM
Wall Street sign copyright Corbis, SuperStockProcter & Gamble (PG) rose about 3% after its earnings beat expectations and it backed its full-year profit outlook. 

Among others reporting earnings, Zynga (ZNGA), Royal Caribbean (RCL) and Wynn Resorts (WYNN) advanced, while Cabela's (CAB), F5 Networks (FFIV) and ServiceNow (NOW) declined.

Among the notable gainers was PSS World Medical (PSSI), up 33% after agreeing to be acquired by McKesson Corporation (MCK) for $29 per share in cash. 

Among the noteworthy losers was Best Buy (BBY), which fell 10% after it warned that its Q3 earnings would drop "significantly" from last year and that its comparable sales would be down again, as they were in the first two quarters of this year. 

Also lower were shares of Spirit AeroSystems (SPR), down 30% after it announced a settlement of severe weather insurance claims, said it will recognize a number of Q3 charges for new programs and saw its stock downgraded to "neutral" from 'buy" at Buckingham. 
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

111
111 rated 1
272
272 rated 2
474
474 rated 3
656
656 rated 4
638
638 rated 5
699
699 rated 6
623
623 rated 7
486
486 rated 8
260
260 rated 9
128
128 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
DYNDYNEGY Inc10
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.