Markets are up, with the Nasdaq and S&P 500 up over 1% on the day. The capital goods sector is the big winner today along with basic materials and energy. Consumer non-cyclical is the only negative sector according to Google Finance.
Here are some major movers today.
Cooper Industries (CBE): Up 26.8% — With the announcement of Cooper selling to Eaton for $11.46 billion, Cooper’s stock has predictably skyrocketed.
Nabors Industries (NBR): Up 6.20% — Energy stocks are winning big today, with Nabors Industries pulling the pack forward with an over 6% gain on the day.
Advanced Micro Devices (AMD): Up 5.0% — The chip developer has launched a new processing unit platform directed at mid to high end graphics intensive applications.
Lowe’s (LOW) Down 10.4% — Same store sales came in lower than Wall Street expectations, so despite a 14% earnings increase due to warm weather, Lowe’s stock is getting creamed.