JPMorgan, Nordstrom, Roundy's are market movers

AP News
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Posted: May 11, 2012 4:51 PM
JPMorgan, Nordstrom, Roundy's are market movers

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

JPMorgan Chase & Co., down $3.78 at $36.96

The bank said that it lost $2 billion in a trading portfolio designed to hedge against risks the firm takes with its own money.

Harley-Davidson Inc., down $1.88 at $48.79

After checking with dealers, a Citi analyst said that sales of the company's motorcycles may have slowed in April and early May.

Nordstrom Inc., down $2.57 at $50.96

The upscale retailer said its first-quarter net income rose 2.7 percent, but results fell short of Wall Street expectations.

McDermott International Inc., up $1.48 at $11.37

Even though its first-quarter profit fell from last year, the builder of offshore oil and gas structures posted results that still beat Wall Street expectations.

Dycom Industries Inc., up 85 cents at $22.90

A Raymond James analyst upgraded the contracting company to a "Strong Buy" saying that it is sheltered from international risk.

Roundy's Inc., down $2.11 at $10.14

A Baird analyst downgraded the owner of Midwest supermarkets Pick'n Save and Rainbow to "Neutral" citing increasing competition.

Nasdaq

Career Education Corp., down 79 cents at $6.21

The college and career-training school operator said that its first-quarter profit fell 29 percent as enrollment declined in the quarter.

Express Scripts Holding Co., up 76 cents at $55.10

The pharmacy benefits manager handled more prescriptions in its first quarter since splitting with drugstore chain Walgreen.