Comment
0
Tweet
0
Print
RSS Feeds

Wal-Mart and Kohl's are big market movers

Thursday - 8/15/2013, 5:38pm  ET

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

NYSE

Wal-Mart Stores Inc., down $1.99 to $74.41

The world's biggest retailer cut its outlook for the year and disappointed Wall Street with its quarterly profit, revenue, and comparable store sales.

Estee Lauder Cos Inc., up $2.23 to $67.36

Stronger sales of skincare products and makeup push fourth-quarter profits up 84 percent at the beauty products company.

Kohl's Corp., up $2.67 to $53.51

One of few bright spots in the retail sector. The department store posted better-than-expected comparable store sales.

Nasdaq

EBay Inc., down $1.05 to $53.18

The online retailer takes a hit after Facebook confirms to AllThingsD that it's testing an online payments product that would compete with PayPal, eBay's fastest-growing business.

TripAdvisor Inc., down $3.03 to $70.52

The company's stock slides for a second day after CEO Steve Kaufer says during an investment conference that travel has been lighter than expected and that visits to its online travel site, usually bustling this time of year, have been missing.

Smith & Wesson Holding Corp., down 96 cents to $11.22

A KeyBanc Capital Markets says he feels that the rush to buy firearms may start to ease soon. He downgrades Smith & Wesson to "Underweight" from "Hold."

Cisco Systems Inc., down $1.89 to $24.48

The computer networking company is cutting about 4,000 jobs and CEO John Chambers called the global economy "challenging and inconsistent."

Intel Corp., down 54 cents to $22.03

The world's largest maker of chips for PCs gets a downgrade from R.W. Baird, citing weak PC order rates and sluggish smart phone business.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.