Wednesday's Winners & Losers

Ingersoll-Rand (IR Quote - Cramer on IR - Stock Picks), the Bermuda-based maker of Club Car golf carts and Schlage locks, said Chief Financial Officer Timothy McLevish is leaving at the end of September to become CFO at Kraft Foods (KFT Quote - Cramer on KFT - Stock Picks).

Shares of Ingersoll-Rand were up 2.4% at $50.27. Kraft was little changed at $31.80.

Dycom Industries (DY Quote - Cramer on DY - Stock Picks) rose after the company's latest earnings and outlook. The Palm Beach Gardens, Fla., provider of engineering and construction services had fourth-quarter income from continuing operations of $14.5 million, or 35 cents a share, up from $10.1 million, or 25 cents a share, a year earlier.

Total contract revenue jumped 25.3% to $317.3 million. For the first quarter, Dycom is forecasting revenue of $310 million to $330 million and earnings of 31 cents to 37 cents a share.

Separately, Dycom said its board authorized the repurchase of up to $15 million of common stock. Shares of Dycom were gaining 14.6% to $27.79.

Macy's (M Quote - Cramer on M - Stock Picks), the Cincinnati-based department store operator, priced a public offering of $350 million of senior notes due 2013. The notes will bear interest at a rate of 5.875% a year.

The proceeds from the offering will be used by Macy's Retail Holdings to repay borrowings outstanding under its commercial paper facility and for general corporate purposes. Fitch Ratings assigned an investment grade "BBB" rating to the notes, but said the outlook is negative. Shares of Macy's were adding 4.4% to $31.16.

« Previous Page

1 2

Next Page »