Photo: By robinsonsmay on flickr
The Dow, Nasdaq, and S&P 500 are all up, with the Nasdaq leading the pack at +1.1%. Here are the six big movers in the S&P 500.Winners:
Sears Holdings Corporation (SHLD): Up 13.4% — Sears Holdings said it expected its first-quarter earnings from continuing operations to be between $1.46 to $1.84 a share, which has caused its stock to jump over 13%.
Chesapeake Energy Corporation (CHK) : Up 7.4% — Aubrey McClendon has agreed to separate the role of CEO and chairman, as he is relinquishing his position as chairman but remaining CEO. Investors support this decision, as their stock has moved up rapidly.
Masco Corporation (MAS): Up 5.5% — Masco is confident that their business, which involves mostly cabinet and other home improvement products, will improve with an improving housing market.
Avon Products (AVP): Down 7.6% — Avon’s profits sunk as they sold 1% fewer items and the number of sales representatives sank, which has caused their stock to tumble.
Emerson Electric Co. (EMR): Down 5.6% —Due to economic conditions in Europe and China, Emerson Electric’s Q2 profits fell 2%.
Jacobs Engineering Group Inc. (JEC): Down 4.9% — Jacobs announced earnings of 65 cents per share, which CEO John Prosser stated were below their expectations.