These 5 Stocks Are Going Nuts As The Dow Rallies

Happy trader

The Dow rallied some 200 points this morning and the S&P 500 and Nasdaq are both up over 1.7 per cent.

Nearly across the big board, equities are up. However Tempur-Pedic is lagging the gain after poor guidance for its second quarter. 

Here are today’s winners and losers.

Winners:

Iron Mountain (IRM): Up 9.5 per cent  Iron Mountain has announced plans to convert itself into a real estate investment trust, to maximise the company’s value.

First Solar (FSLR): Up 8.3 per cent  Energy is up across the board, with First Solar gaining nearly 8.5 per cent.

Bank of America (BAC): Up 7.5 per cent  Financials are leading the Dow’s rally, with BAC up nearly 8 per cent on the day.

Chesapeake Energy (CHK): Up 6.1 per cent  Chesapeake is in talks to sell its pipelines for $4 billion, which has caused the entire energy sector to jump.

PulteGroup (PHM): Up 6.6 per cent  Credit Suisse upgraded PulteGroup to outperform from neutral, causing the stock to soar this morning.

 

Loser:

Tempur-Pedic International (TPX) Down 47.3 per cent — Tempur-Pedic projected full year results would be 30 per cent lower than originally forecast.

 

SEE ALSO: Here Are The 10 Cheapest Stocks In The World According To Wall Street Analysts >

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