Wal-Mart bucks a downward trend in retail; Verizon slips

AP News
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Posted: May 19, 2016 5:55 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:

Wal-Mart Stores Inc., up $6.05 to $69.20

The giant retailer bucked a downward trend in the industry and reported surprisingly strong sales.

Salesforce.com Inc., up $3.22 to $81.09

The company reported earnings and revenue that were better than analysts were expecting.

Verizon Communications Inc., down 76 cents to $49.63

Phone companies and other high-dividend stocks fell as investors worried that the Federal Reserve would raise interest rates at its June meeting.

American Eagle Outfitters Inc., up $2.45 to $15.84

The apparel maker reported sales and earnings that were well ahead of analysts' forecasts.

FMC Technologies Inc., down $1.35 to $27.30

The company said it would attempt to combine with Technip to create a large player in the energy-services sector.

L Brands Inc., down $3.16 to $60.62

The company, which owns Victoria's Secret, lowered its full-year earnings estimate.

Stage Stores Inc., down $1.37 to $4.51

The company reported a wider loss from the same period a year earlier.

Monroe Muffler Brake Inc., down $4.91 to $62.07

The company's latest quarterly earnings and revenue fell below Wall Street's estimates.