Midday movers: Sears, A&F, Valeant

Stocks are lower in light volume trading ahead of the upcoming holiday weekend.

By MSN Money Partner May 24, 2013 2:11PM
Image, Wall Street sign copyright Corbis, SuperStocklogo Theflyonthewall.com

Procter & Gamble (PG) announced last night that CEO Robert McDonald had resigned. P&G brought back its former CEO A.G. Lafley as McDonald's replacement and investors cheered the appointment by sending the Dow component's shares up over 4%.

A number of retailers were sharply lower following their quarterly reports. Sears (SHLD) fell 13%, Abercrombie & Fitch (ANF) declined nearly 10%, Aeropostale (ARO) slid 9% and Foot Locker (FL) dropped 5%. 

Among some notable gainers following their earnings reports were Infoblox (BLOX), up 13%, and Mentor Graphics (MENT), up about 2%. Also higher were shares of Valeant (VRX), which rose 11% after The Wall Street Journal said it is nearing a deal to acquire Bausch & Lomb for $9B. 

Among the noteworthy losers was Titan Machinery (TITN), which fell almost 10% after the company lowered its earnings guidance and shares were downgraded at RW Baird.  
1Comment
May 24, 2013 2:25PM
avatar
In this manipulated market even if the economic data is negative the market will go up thanks to those in control.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

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.

113
113 rated 1
268
268 rated 2
422
422 rated 3
632
632 rated 4
512
512 rated 5
518
518 rated 6
682
682 rated 7
523
523 rated 8
343
343 rated 9
124
124 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
COPCONOCOPHILLIPS9
TAT&T Inc9
DVNDEVON ENERGY CORPORATION9
EOGEOG RESOURCES Inc9
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.