After Market: Stocks Drive Higher for Their Best Week of 2014


Stocks posted solid gains on Friday, wrapping up their best week so far this year. The Dow Jones industrial average (^DJI) rallied 127 points, the Standard & Poor's 500 index (^GPSC) rose 9, and the Nasdaq composite (^IXIC) gained 3 points. The Nasdaq's 7-day winning streak is its longest since July 2011. By the way, investors get a long-weekend. The market is closed Monday for Presidents Day.

Exxon Mobil Profit Rises Most Since 2003 On Production Gains
Bloomberg via Getty Images
Energy and consumer stocks led the advance. Exxon Mobil (XOM) rose 3 percent and Chevron (CVX) each gained nearly 1 percent. Occidental Petroleum (OXY) rose nearly 4 percent on plans to spinoff some assets into a separate company. And Murphy Oil (MUR) gained 5 percent. It's looking to sell some oil and gas assets that could fetch about $3 billion.

On the consumer side, Campbell Soup (CPB) was hot, gaining 5 percent as its quarterly net jumped. Hyatt (H) jumped 7 percent as its net doubled. Rival Starwood (HOT) gained 4 percent.

But airline stocks were weak after the cancellation of thousands of flights this week. American (AAL) and United (UAL) both lost more than 1 percent. Analysts say the cancellations will hurt first quarter earnings, but the long-term fundamentals for the industry remain strong.

Some of today's most spectacular movers were to the downside.

Weight Watchers (WTW) shed a lot weight, losing a quarter of its value. The company posted weaker earnings and lowered its outlook for 2014. The stock is now at its lowest level in nearly 5 years. And GNC (GNC), a nutrition company used by many dieters, tumbled 14.5 percent. It also issued a weak outlook and Goldman Sachs downgraded the stock to "neutral."

A pair of leading online real estate companies also got hammered. Trulia (TRLA) slid 18 percent and Zillow (Z) fell 10 percent. Both missed their earnings targets.

Weak forecasts also hurt Agilent Technologies (A), down 8 percent, and clothing maker VF Corp. (VFC), down 5 percent.

And Under Armour (UA) fell 2.5 percent on the Olympic flap over the flap on its uniforms for U.S. speedskaters, who blame the high-tech suits for slowing them down.

What to Watch Monday:
  • U.S. financial markets are closed for Washington's Birthday.
What to Watch Tuesday:
  • The Federal Reserve Bank of New York releases its February survey of manufacturing conditions in New York state at 8:30 a.m.
  • The National Association of Home Builders releases its housing market index for February at 10 a.m.
These major companies are due to release quarterly financial statements:
  • Coca-Cola (KO)
  • Duke Energy (DUK)
  • Herbalife (HLF)
  • Medtronic (MDT)
  • Panera Bread (PNRA)
-Produced by Drew Trachtenberg.

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February 25 2014 at 7:32 PM Report abuse rate up rate down Reply

No Mildred, but Somey might just be at an AA meeting or at the bar.

February 16 2014 at 5:04 PM Report abuse -2 rate up rate down Reply

Has Mildred been here today?

February 16 2014 at 5:03 PM Report abuse -3 rate up rate down Reply

I wonder if Somey has been attending his AA meetings, darlings.

February 16 2014 at 5:01 PM Report abuse -2 rate up rate down Reply

I do wish that Somey and the rest of the liberals here could learn to control their bad behavior, although bad behavior just comes naturally to us liberals.

February 16 2014 at 4:54 PM Report abuse -2 rate up rate down Reply

No wonder the country is heading down the chit chute with nub nuts like Obama running the show and fools like Evan voting for them.

February 16 2014 at 12:38 PM Report abuse rate up rate down Reply
1 reply to alfrankenfool's comment

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February 16 2014 at 12:44 PM Report abuse rate up rate down Reply
1 reply to texastotenmom's comment

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February 16 2014 at 2:19 PM Report abuse +2 rate up rate down



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February 16 2014 at 11:29 AM Report abuse +2 rate up rate down Reply

Where'd my worthless boy go? Evan are you on the toilet agsin?

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February 16 2014 at 10:55 AM Report abuse -1 rate up rate down Reply
1 reply to Iselin007's comment

So why do you come to a comment board of a stock market article to talk about it?

February 16 2014 at 11:03 AM Report abuse rate up rate down Reply

The early records of the Old House are surprisingly detailed. The builder was John Budd, who promptly handed it to Benjamin Horton as part of a dowry for the marriage of his daughter. Mr. Horton's heirs sold the house to Joseph Wickham in 1699.
When Joseph Wickham's grandson, Parker Wickham, pledged his allegiance to the King during the Revolutionary War, New York State confiscated the house and sold it to Nathaniel Norton, who sold it again to Jared Landon, the local justice of the peace, in 1790. It stayed in the Landon family for 77 years.
The last to live in the house was the Case family, who moved out around the turn of the last century and converted the house into a barn. In 1936, it came to the attention of the regional Historic American Building Survey, which was making a listing of old houses. The Case family donated the house to the Independent Congregational Society of Cutchogue.

Not mentioned here was the fact Case family member married descendant of Parker W.. thus the Wickham family had gotten the house back!

February 16 2014 at 10:52 AM Report abuse -1 rate up rate down Reply
1 reply to Iselin007's comment

Do you smell fish?

February 16 2014 at 11:05 AM Report abuse rate up rate down Reply