Bank Of America, Time Warner, CIT Group Big Movers
The Associated Press
NEW YORK (AP) ¿ The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
Bank of America Corp., up 13 cents at $16.34The bank's board authorized a dividend payment on preferred stock issued to the Treasury Department as part of last year's rescue plan. Time Warner Inc., down 40 cents at $29.63 CEO Jeff Bewkes said an investment in NBC Universal doesn't make sense for his company, strengthening the hand of Comcast Corp. CIT Group Inc., up 11 cents at $1.17 CIT launched a debt restructuring effort but also wants approval of a prepackaged plan in case it files for bankruptcy protection. Accenture PLC, up 97 cents at $37.50 An analyst added the consulting and outsourcing firm to the "Conviction Buy List" on its plans to return more cash to shareholders. ConocoPhillips, up $1.30 at $46.80 The oil company said performance of its exploration and production division may be hurt by weak North American natural gas prices. PepsiCo Inc., up $2.44 at $60.90 Deutsche Bank raised its 2010 estimate on PepsiCo based on lower projections for the cost of interest and for depreciation. Winnebago Industries Inc., down $1.19 at $13.20 An analyst downgraded shares on concerns the nation's top motor home maker will struggle to earn money next year. NASDAQ: Resources Connection Inc., up 25 cents at $17.15 The accounting and finance staffing company posted a fiscal first-quarter loss, widely missing Wall Street expectations.
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 Plus 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