It was a choppy, lethargic effort, but the bulls got the job done. The S&P 500‘s close of 2,262.53 was 0.20% stronger than Friday’s close. New record highs still remain elusive after last week’s lull, but those levels are still in sight.
Not every stock mustered a modest gain on Monday though. In fact, some were remarkably deep on the red. Among the worst of the worst were Ambac Financial Group, Inc. (NASDAQ:AMBC), Deutsche Bank AG (USA) (NYSE:DB) and Mosaic Co (NYSE:MOS). Here’s what upended each one.
Mosaic Co (MOS)
Brazilian iron company Vale SA (ADR) (NYSE:VALE) is getting out of the fertilizer business, and U.S.-based fertilizer name Mosaic is getting a bit deeper into it, buying the division Vale is shedding. With VALE shares down 5.4% and MOS stock off by 6% though, it’s pretty clear neither shareholder base is thrilled with the deal, or its terms.
latest news on stock market: Wipro Limited(WIT)
- [By Shanthi Rexaline]
The industry — valued at over $150 billion and comprising companies such as Wipro Limited (ADR) (NYSE: WIT), Cognizant Technology Solutions Corp (NASDAQ: CTSH), Infosys Ltd ADR (NYSE: INFY) and Tata Consultancy Services — has thus far been competing effectively on certain unique selling propositions such as low-cost technology skills and high quality manpower.
latest news on stock market: Fossil Inc.(FOSL)
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Fossil Group, Inc. (NASDAQ: FOSL) which rose over 9% to $7.75. The stocks 52-week range is $5.50 to $27.93. Volume was 3 million compared to its average volume of 2 million.
- [By Shah Gilani]
That’s amazingly close to the definition I’d give the once-trendy watch and accessories purveyor turned dinosaur crap retailer, Fossil Group Inc.(Nasdaq: FOSL).
- [By Demitrios Kalogeropoulos]
As for individual stocks, NVIDIA (NASDAQ:NVDA) and Fossil Group(NASDAQ:FOSL) attracted heavy investor interest following their quarterly earnings reports.
- [By Paul Ausick]
Fossil Group Inc. (NASDAQ: FOSL) dropped nearly 21% Wednesday, to post a new 52-week low of $18.10 after closing at $22.87 on Tuesday. The stock’s 52-week high is $51.93. Volume was about 15 times the daily average of around 1.2 million shares. The company reported so-so results last night and Wells Fargo cut its rating on the stock to Underperform this morning.
- [By Ben Levisohn]
After running through their scenarios,Boruchow comes up with five losers from Trump’s tax plans: Carters (CRI), Urban Outfitters (URBN), Under Armour (UA), Fossil Group (FOSL) and Gap (GPS). He explains why:
latest news on stock market: Ormat Technologies, Inc.(ORA)
- [By Peter Graham]
A long term performance chart shows shares of U.S. Geothermal back in positive territory while potential peer mid cap Calpine Corporation (NYSE: CPN) is underperforming and Ormat Technologies, Inc (NYSE: ORA) has been taking off for two years:
latest news on stock market: Canon, Inc.(CAJ)
- [By Paul R. La Monica]
Miscellaneous shorts. Lamensdorf is also betting against Japanese printer and camera giant Canon (CAJ) since he believes the company still hasn’t figured out a way to compete with smartphones.
- [By Dan Carroll]
Nikon’s story is similar to what’s plaguing its Japanese rival, Canon (NYSE: CAJ ) . Canon’s stock has nosedived by 20% year to date, but the stock’s recovered nearly 3% over the past month. Don’t let appearances fool you: The company slashed its full-year sales and profit forecasts back in July, as the worldwide camera market has slumped, and as smartphones continue to take over this aging niche. Canon’s route back to respectability looks like a treacherous climb.