Sponsored by
Associated Press
  •  

Royal Bank of Scotland, CIT Group, Netflix big market movers

By Associated Press April 22, 2008 Comments (0)

0 Recommendations

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

NYSE

Royal Bank of Scotland PLC, down 35 cents at $7.14

Britain's second largest bank will record write-downs of $11.7 billion and raise $23.9 billion in new capital to cover exposure to toxic U.S. loans.

CIT Group Inc., down $1.99 at $10.75

The financial services firm will raise $1.5 billion from a stock offering, but some analysts said the amount wasn't high enough.

Coach Inc., down 80 cents at $31.70

Strong sales in Japan lifted fiscal third-quarter profit 8 percent, but the luxury handbag company decided to maintain its fiscal 2008 profit outlook.

AT&T Inc., up 22 cents at $37.81

The country's biggest telecommunications company posted strong growth in its wireless segment, lifting quarterly earnings 22 percent.

McDonald's Corp., down 32 cents at $58.35

A weak U.S. dollar and strong global sales lifted the Big Mac maker's first-quarter profit 24 percent and above Wall Street expectations.

DuPont Co., down $2.09 at $50.16

Higher selling prices lifted first-quarter profit 26 percent, but the chemicals company warned of slowing demand in the U.S. this year.

UnitedHealth Group Inc., down $3.66 at $34.15

A drop-off in corporate customers and high costs for the flu season caused the insurer to slash its full-year profit outlook.

NASDAQ

Netflix Inc., down $9.32 at $30

The online DVD rental service company trimmed its full-year profit outlook and predicted slower subscriber growth during the next several months.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 627224, ~/articles/articlehandler.aspx, 7/6/2008 6:43:06 PM, No ticker

FREE 1-Step Fool.com Access!

Already registered? Login Here

No, thanks

Simply enter your email address below to get:

  • Instant access to this article and all in-depth Motley Fool news and analysis.
  • A FREE FoolWatch Weekly email subscription — save time by getting the very best Motley Fool features and market coverage handpicked by Fool.com editors and delivered to you each week.

Related Tickers

CIT Group, Inc.

CIT Down! $8.25 -0.15 (-1.79%) 1:01 PM
CAPS Rating:
277 Outperforms
157 Underperforms
Rate This Stock

Major Indices

S&P 5001,262.90+0.11%
DJIA11,288.54+0.65%
RSL 2K665.78 -0.98%
NASD2,245.38 -0.27%
Updated: 1:04:33 PM
Sponsored by:

The Motley Poll

Will the U.S. economy fall into recession?

Sponsored by: