Tuesday, February 23, 2010

Penney, Dell, Huntsman, Intuit are big movers (AP)

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Smith International Inc., up $4.35 at $37.70

The Wall Street Journal reported Schlumberger Ltd. is in advanced talks to acquire the Houston oil services company.

J.C. Penney Co., up $1.70 at $27.66

The department store chain posted fourth-quarter profit that surpassed its expectations and issued and upbeat forecast for 2010.

EnergySolutions Inc., down $1.44 at $6.35

Chairman and CEO Steve Creamer has resigned and will be succeeded as CEO by the nuclear services company’s president.

Huntsman Corp., up 79 cents at $13.16

The chemicals maker posted a steep drop in profit versus year-ago results that were inflated by a hefty gain, but its revenue edged up.

CBS Corp., up 12 cents at $13.83

The broadcasting companys net profit slid as an improvement in the advertising market was offset by a big drop in political spending.

NASDAQ:

Dell Inc., down 96 cents at $13.47

Dell said its net income fell in the last quarter despite early signs that businesses may be starting to buy new computers again.

Apollo Group Inc., down $4.53 at $56.92

The for-profit education company said second quarter profit would likely fall below expectations on Wall Street.

Intuit Inc., up $2.40 at $32.72

Intuit said unit sales of its TurboTax federal income tax preparation products rose 11 percent early in this year’s tax season.

Dell sees signs of optimismMotorola, Ingersoll-Rand, SkillSoft are big movers (AP)

[Via http://marketsnewss.wordpress.com]

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