News Column

Netflix and Macy's are big market movers

May 14, 2014



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

NYSE

Sears Holdings Corp., down $2.53 to $40.70

Following the spinoff of Lands' End, the retailer says it is now considering the sale of its 51 percent stake in Sears Canada.

Sony Corp., down $1.14 to $16.50

The Japanese tech giant sank to a $1.3 billion quarterly loss and forecast more red ink as it struggles to execute a turnaround.

Macy's Inc., down 1 cent to $57.83

The retailer stuck by its annual profit forecast despite a rough winter that slowed foot traffic.

Deere & Co., down $1.91 to $91.70

Economists believe income will be down this year for farmers and that is cutting into sales of the company's tractors and other farm machinery.

Kate Spade & Co., up $2.95 to $37.60

The apparel retailer is putting up surging comparable-store sales numbers and it announced plans to open 80 locations this year.

Nasdaq

Netflix Inc., up $4.74 to $351.88

A report shows that the video streamer accounted for 34 percent of data flowing to consumers during peak times in North America.

Plug Power Inc., down 27 cents to $3.82

Losses were cut in half during the first quarter, but the fuel-cell maker still fell short of most Wall Street projections.

Fossil Group Inc., down $11.45 to $100

A weak earnings forecast for the current quarter overshadowed a strong start to the year at the jewelry and accessories company.


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Source: Associated Press


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