This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tuesday's Winners & Losers: Bandag

Shares of Bandag (BDG) were among the Nasdaq's biggest winners Tuesday, jumping 11% after the maker of retreading materials agreed to be acquired by Bridgestone Americas for about $1.05 billion in cash.

The deal values Bandag at $50.75 a share, a 13% premium over Monday's closing price of $45.04. The acquisition is expected to close late in the first quarter or early in the second quarter of 2007. Shares of Bandag were trading at $50.44, up $5.40.

Shares of Kroger (KR - Get Report) climbed 7% after the supermarket operator's third-quarter earnings topped forecasts. The company earned $214.7 million, or 30 cents a share, on revenue of $14.7 billion. Analysts surveyed by Thomson First Call expected earnings of 28 cents a share and revenue of $14.86 billion. During the year-earlier quarter, the company earned $185.4 million, or 25 cents a share, on revenue of $14.02 billion.

Looking ahead, Kroger now sees 2006 earnings growth of 8% to 10%, up from an earlier forecast of 6% to 8% growth. Shares were trading at $23.80, up $1.47.

World Wrestling Entertainment (WWE - Get Report) rose 3% after the professional wrestling producer reported better-than-expected second-quarter results. For the quarter ended Oct. 27, the company earned $10.4 million, or 15 cents a share, on revenue of $96.2 million. Analysts, on average, anticipated earnings of 13 cents a share and revenue of $90 million. During the year-earlier period, the company earned $11.7 million, or 17 cents a share, on revenue of $88.9 million. Shares were trading up 51 cents to $16.65.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BDG $16.13 1.77%
F $15.97 -0.87%
GM $36.82 -2.10%
HSIC $137.57 -2.20%
KR $74.27 -0.05%


DOW 17,861.12 -274.60 -1.51%
S&P 500 2,070.75 -30.29 -1.44%
NASDAQ 4,925.5140 -57.2950 -1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs