Saks, Home Depot, Applied Materials are big movers

AP News
Posted: Nov 17, 2009 4:47 PM

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:


Assured Guaranty Ltd., up $4.32 at $25.53

Shares of the bond insurer hit a 12-month high after its quarterly loss narrowed despite big losses in credit derivative contracts.

Jacobs Engineering Group Inc., down $6.61 at $38.88

The construction and professional services provider was one of the day's biggest decliners as its outlook fell short of analysts' expectations.

Target Corp., down $1.52 at $48.77

Profit rose during the cheap-chic chain's third quarter, but it was wary of the impact of deep discounts on its holiday season.

Saks Inc., up 26 cents at $6.67

The luxury department store posted a quarterly profit for the first time in 18 months thanks to cost cuts and less discounting.

UBS AG, down 61 cents at $16.74

The Swiss bank laid out a turnaround plan, saying it planned to earn about $15 billion annually before taxes within five years.

Home Depot Inc., down 66 cents at $26.99

The home improvement chain said a weak housing market and a thrifty shopper hurt third quarter profit, but boosted its outlook.


Applied Materials Inc., down 11 cents at $12.94

The chip equipment maker made a $364 million bid for a company that will help it supply the smart phone and notebook computer market.

Pacific Sunwear of California Inc., down $1.13 at $3.88

Worsening sales expectations for the fourth quarter dragged down shares of the surf- and skatewear retailer.