Macy's, Sara Lee, Applied Materials Are Big Movers

NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:

NYSE:

Piper Jaffray Cos., up $2.83 at $49.13

Goldman Sachs upgraded the investment bank and added it to a recommended portfolio, citing an improving market for stock issues.

Macy<s Inc., up 93 cents at $16.40

The department store chain<s results were weighed down by costs for consolidations and efforts to tailor merchandise to local markets.

Sara Lee Corp., down $1.08 at $9.72

The maker of Sara Lee breads and Jimmy Dean sausages narrowed its loss in the fourth quarter but gave a weak outlook for the year.

Toll Brothers Inc., up $2.94 at $23.42

The luxury homebuilder posted its first annual increase in signed contracts in four years, up 44 percent from the previous quarter.

Waste Management Inc., up $1.17 at $30.02

An analyst said the nation's No. 1 trash hauler could see energy-related profit from rising prices and a growing power portfolio.

Brunswick Corp., down 55 cents at $9.03

The maker of boats, exercise equipment and pool tables priced its offering of $350 million in debt and amended its credit facility.

NASDAQ

Columbia Sportswear Co., up $1.30 at $36.19

The outdoor clothing company<s conservative outlook and underperforming stock prompted an analyst to boost her rating and price target.

Applied Materials Inc., up 44 cents at $13.66

The company, which makes equipment for manufacturing semiconductors, posted third-quarter results that topped Wall Street forecasts.