Tuesday, October 9, 2012

Morning Movers: Men’s Wearhouse Keeps Falling, Goldman, Financials Rise

Men’s Wearhouse (MW) is still reeling from last night’s announcement of an expected Q4 loss where analysts had been looking for a one-penny profit. The shares are down $3.51, or 16%, at $18.33.

Electrical controlas maker Powell Industries (POWL) is up $1.44, or 4%, at $36.95, after the company beat fiscal Q4 EPS estimates by a wide margin.

The Cooper Companies (COO), a medium-cap medical device maker, is riding high after last night reporting fiscal Q4 in line and guiding in line with expectations. The stock was upgraded by Wells Fargo to “Outperform” this morning. Shares are up $2.08, or 6%, at $36.00.

Pfizer (PFE) is up 19 cents, or 1.07%, at $17.95, after bullish comments in a note out this morning from Credit Suisse analysts.

Financials are broadly positive this morning as the Goldman Sachs (GS) financial services conference continues in New York. GS itself is up 87 cents, or .5%, at $162.71, Citigroup (C) is up 3 cents, or .8%, at $3.94 (despite a front-page article in the FT noting that U.S. regulators can’t agree on terms of Citi’s repaying TARP), and JP Morgan (JPM) is up 21 cents, or .5%, at $41.42.

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