Winners & Losers

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Tuesday's Financial Winners & Losers

04/24/07 - 04:29 PM EDT

Sarina Penn

Updated from 1:39 p.m. EDT

Financial stocks underperformed the broader market again Tuesday under an avalanche of mixed earnings.

Everest Re (RE - Cramer's Take - Stockpickr) delivered one of the day's better showings; the insurer jumped 6.8% to $103.30 after posting a first-quarter profit of $267.9 million, or $4.13 a share, which flew past Wall Street's $3.07 estimate, according to Thomson Financial. Sterling Bancshares (SBIB - Cramer's Take - Stockpickr) gained 7.6% to $11.63 after saying first-quarter per-share earnings climbed 2 cents from last year to 17 cents.

New Jersey-based insurer Chubb (CB - Cramer's Take - Stockpickr) handily topped estimates as well. Operating income was 7.7% higher at $1.53 a share, 15 cents better than the Street's consensus. Share rose 95 cents, or 1.8%, to $54.71.

Among other financial names lifted by positive first-quarter earnings were insurer PartnerRe (PRE - Cramer's Take - Stockpickr), which added 5.1% to $73.15; Reinsurance Group of America (RGA - Cramer's Take - Stockpickr), up 4.8% at $62.60; and Ohio-based bank FirstMerit (FMER - Cramer's Take - Stockpickr), which rose 4.9% to $21.29.

On the flip side, online broker TradeStation (TRAD - Cramer's Take - Stockpickr) was one of the sector's worst percentage losers, sliding 8.7% after saying it will probably earn 17 cents to 18 cents a share in the second quarter vs. analysts' 20-cent per-share expectations. Shares lost $1.17 to $12.28.

Commodities exchange Chicago Mercantile Exchange (CME - Cramer's Take - Stockpickr), sank on 2.9% to $531.30 on lower-than-expected revenue, despite topping income estimates, and both LaBranche (LAB - Cramer's Take - Stockpickr) and Sallie Mae (SLM - Cramer's Take - Stockpickr) missed bottom-line targets. LaBranche, a specialist firm, was off 7.3% to $8.30; student lender Sallie Mae slipped 61 cents to $53.74.

Previous «
1 2

Headlines & Perspectives

Winners & Losers

Go To Section Home


04/23/07
Monday's Financial Winners & Losers

Three exchange stocks trade lower on Goldman Sachs downgrades.


04/20/07
Friday's Financial Winners & Losers

H&R Block trades higher on the sale of its subprime lending unit.


04/19/07
Thursday's Financial Winners & Losers

optionsXpress slumps on a first-quarter earnings miss.


08/05/08
Three Internet Stocks That Could Double

These forgotten Internet stocks are being accumulated by hedge funds.


08/15/08
The Five Dumbest Things on Wall Street

Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...


08/15/08
McCain Fund-Raising Picks Up

The GOP presidential candidate raised $27 million in July.


08/15/08
Cash-Back Cards Aren't Money in the Bank

Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!