Tuesday's Financial Winners & Losers
CBRE Realty (CBF) plunged more than 18% after the real estate investment trust said fourth-quarter adjusted funds from operations were $5.9 million, or 19 cents a share -- short of the 23 cents sought by analysts. The Hartford, Conn., firm was losing $2.94 to $13.
Safety Insurance (SAFT) saw lower fourth-quarter earnings of $22.9 million, or $1.42 a share, compared with $27 million, or $1.69 a share, a year ago. Wall Street was seeking 6 cents more from the Boston-based insurer. Shares were off $4.13, or 9.1%, to $41.24.
International Securities Exchange (ISE) dropped after a lawsuit filed against it was returned to the Illinois state court, following the ISE's success at changing the venue. The Chicago Board Options Exchange and others filed the suit in order to prevent the ISE from trading index options on the Standard & Poor's main index or the Dow Jones Industrial Averarge, which it is currently prevented from doing. ISE shares were down $3, or 6.3%, to $44.93.
Thomas Weisel Partners (TWPG) slipped after it named a new chief financial officer, David Baylor, to replace Bob West as of April 2. Shares were losing 26 cents, or 1.4%, to $18.14.FNB Financial Services, (FNBF) a Southeastern bank, gained on word LSB Bancshares (LXBK) will buy it in a stock-swap worth $17.68 a share. FNB shares were adding $1.08, or 7.3%, to $15.98. LSB was sinking $1.17, or 7.1%, to $15.35.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV