Big Movers in the Stock Market
Sep. 09, 2004
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Corning Inc., up 54 cents at $10.69
The company reiterated its third-quarter outlook and said fiber optic sales were improving.
Kraft Foods Inc., up 11 cents at $31.56
The packaged food manufacturer said its full-year earnings would be within its previous forecasts.
Yum Brands Inc., up $1.27 at $40.60
The operator of the KFC, Taco Bell and Pizza Hut chains said Wall Street's earnings estimates for the quarter and the full year were on target.
Apple Computer Inc., down 50 cents at $35.85
Bear Sterns downgraded the computer maker from ``outperform'' to ``peer perform,'' saying the stock was overvalued.
CBRL Group Inc., up $2.64 at $35.11
The operator of Cracker Barrel and Logan's Roadhouse restaurants beat Wall Street estimates for its latest quarterly earnings and settled costly discrimination litigation.
JoS. A. Bank Clothiers Inc., down $1.50 at $26.51
The clothier said its second quarter income rose 75 percent from a year ago, but only beat earnings estimates by a penny.