Photo: Lululemon, Flickr
The Dow is up nearly 100 points and the S&P 500 and Nasdaq are both up above 0.32 per cent.A big Best Buy announcement this morning caused its stock to sell-off, but in general equities are doing quite well today, specifically the energy sector.
Here are today’s winners and losers.
Peabody Energy (BTU): Up 2.3 per cent — Peabody is following the energy sector’s rally higher, possibly on news that Chinese approval for a $23 billion steel project could boost prices. Peabody sells coal for steel operations in Asian markets.
Regions Financial (RF): Up 2.3 per cent — In a report from StockCall, Regions Financial was seen as a safe investment compared to bigger banks, driven by its regional focus.
Lululemon (BBY) Down 8.7 per cent — The yoga apparel retailer said it expects slower sales this quarter and cut guidance, sending shares lower.
Pall (PLL) Down 4.3 per cent — Pall said core earnings fell on higher expenses and relatively flat revenue.
Juniper Networks (JNPR) Down 3.0 per cent — Juniper was cut to hold by Needham on competitive issues.