Posted at 11:19 a.m., Tuesday, July 10, 2007
Sears, GM among big movers in stock market
Associated Press
NEW YORK — Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
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General Motors Corp., up 65 cents at $37.42; Ford Motor Co., up 1 cent at $9.09
The shares of the two automakers were upgraded to "Overweight" by a JPMorgan analyst, who said he expects gains from "radical" union-related changes.
Pepsi Bottling Group Inc., up $1.31 at $35.74
The Pepsi drink distributor said it is raising its full-year earnings outlook, thanks to strong second-quarter earnings.
Greenbrier Cos., up $4.52 at $33.15
The railcar manufacturer said its fiscal third-quarter earnings rose 22 percent on higher production. The results topped analyst estimates.
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Sears Holdings Corp., down $17.20 at $154.21
The operator of Sears and Kmart said its second-quarter earnings will likely fall well below Wall Street expectations after weak sales of home appliances and other products.
Gemstar-TV Guide International Inc., up 64 cents at $5.98
The company said late Monday it is mulling ways to maximize shareholder value, including a sale of the company that publishes TV Guide magazine.
Depomed Inc., down $2.93 at $2.00
The drug maker reported disappointing results in a late-stage clinical trial of its Gabapentin GR extended release tablet for nerve pain.
