Going into the close, markets have reversed gains from this morning, dropping all afternoon, with the Dow off 87 points, almost 1%, at 9,925.55, and the S&P 500 down 8 points at 1,058.
Some of the headline names:
Build A Bear (BBW), the chain of stores where kids can assemble their own teddy bear, is off 40 cents, or 8%, at $4.54, on no apparent news. The company reports earnings on Feb. 18.
This is an obscure one, so bear with me: At the top of the decliners list of the New York Stock Exchange is the Williams Coal Trust (WTU), which owns profits in coal properties of miner Williams Production Company, is down $1.36, or 46%, to $1.57. The trust Friday said it will shut down on March 1 and the assets will be sold because the present value Williams Production’s future reserves of coal is less than $30 million, triggering the Trust’s bylaws to dissolve the trust.
Hasbro (HAS) has held onto gains from Q4 earnings upside and a better-than-expected 2010 outlook announced this morning. The stock is the top gainer on the NYSE this afternoon, up $3.90, or 13%, at $34.70.
Winnebago (WGO) has bounced back after falling 5% Friday. Baird & Co. analysts upgraded the stock today to “Neutral” from “Underperform” but warned that profitability remains “elusive.” The company is forecast to lose 9 cents per share this year, excluding some costs.
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