Retail Positive, Stocks Recover, Mortgages Subsidized
The stock market was down steeply prior to roaring to life after a surprising 1% increase in Retail Sales and word of a potential Obama generated mortgage subsidy package to help troubled home owners. Stocks closed mixed with the DJIA almost making it back into positive territory down just -6.77 to 7932.76, the Nasdaq added +11.21 to 1541.71 and the S&P 500 climbed +1.45 to 835.19.
KB Home
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PowerRating) – Home prices falling in 9 out of 10 cities weighed on the home builder sector pushing this leader down 5.46% or 0.67 cents to $11.59/share.
Buffalo Wild Wings
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PowerRating) – Ingested the hot sauce today soaring 34.28% or $7.51 to $29.42/share after beating analysts EPS estimates by 14%.
Chipotle Mexican Grill
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PowerRating) – Jumped 12.29% or $5.83 to $53.25/share upon beating analysts fourth quarter profit projections.
Terex Corp
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PowerRating) – Plummeted 30.2% or $4.17 to $9.45/share after the construction equipment maker provided dire warnings of a potential massive sale slump of 35% in 2009; causing a default on credit lines.
Oil sunk $1.96 to $34.57, Gold added $4.70 to $949.20 and the VIX fear index fell 7.37% to 41.25.
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