Walgreen, Gannett, Warner Music Group Big Movers
The Associated Press
NEW YORK (AP) ¿ The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
Walgreen Co., up $3.16 at $37.35The drugstore operator said prescription drug sales rose in the fourth quarter, pushing the company's results past expectations. Gannett Inc., up $1.76 at $11.74 The largest newspaper publisher in the U.S. said third-quarter earnings should far outpace expectations despite a shortfall in revenue. Polo Ralph Lauren Corp., up $3.15 at $77.38 An analyst upgraded the preppy retailer<s stock and predicted earnings and sales growth on gains in southeast Asia. KKR Financial Holdings LLC, down 14 cents at $4.56 FBR Capital Markets said the company may reinstate its dividend as early as the fourth quarter on improving credit conditions. Warner Music Group Corp., up 46 cents at $5.62 YouTube says the company<s music videos will return to the video site in the coming months after a nine-month dispute over deal terms. CIT Group Inc., up 53 cents at $2.20 Hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank. NASDAQ: Sequenom Inc., down $2.23 at $3.46 The company forced out four executives and other employees after an investigation into the mishandling of studies for a blood test. China Precision Steel Inc., down 12 cents at $2.71 The company's profit plunged 61 percent on rising raw material prices, but it said the steel industry is showing signs of improvement.
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
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
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
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