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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Friday's Winners & Losers: Lubrizol

Shares of Sallie Mae (SLM) were among the NYSE's biggest winners Friday, jumping 11% after a media report said the student loan lender is in talks to be acquired for more than $20 billion.

The New York Times reported that Sallie Mae is discussing a buyout with a group of private equity firms, including Blackstone Group. The negotiations appear to be at a late stage, but several hurdles remain, the paper reported. Shares of Sallie Mae recently were trading up $4.51 to $45.26.

Shares of Lubrizol (LZ) jumped 8% after the maker of engine oil previewed first-quarter earnings that were well above expectations. The company put its adjusted earnings at 98 cents a share. Analysts project earnings of 78 cents a share. A year earlier, the company posted adjusted earnings of 68 cents a share.

"The strong performance compared to the first quarter a year ago was primarily the result of higher revenues, driven by the improvement in the combination of price and product mix," Lubrizol said. "In addition, shipment volumes in the quarter were higher than expected, and reflected a return to normal order patterns." Shares were trading up $4.50 to $57.74.

General Electric (GE) climbed 1% after the conglomerate posted in-line first-quarter earnings and better-than-expected revenue. The company earned $4.51 billion, or 44 cents a share, on revenue of $40.2 billion. Analysts polled by Thomson First Call expected earnings of 44 cents a share and revenue of $39.8 billion. In the year-earlier quarter, the company earned $4.18 billion, or 40 cents a share, on revenue of $38 billion.

Looking ahead, General Electric forecast second-quarter earnings of 52 cents to 54 cents a share, in line with the 53 cents a share that analysts project. Shares were up 27 cents to $35.45.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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