8 Radar Stocks: Sears Jumps 8%, PVH Corp. Falls 4% and Regions Sells Morgan Keegan
Shares of Sears Holdings Corp. (NASDAQ:SHLD) closed more than 8 percent higher on Wednesday. Shares have been in a downward spiral since announcing 100 to 120 store closings in December. Shares of Target (NYSE:TGT) and Wal-Mart (NYSE:WMT) also closed higher on Wednesday.
Despite raising its fourth quarter earnings forecast by 5 cents, shares of PVH Corp. (NYSE:PVH) are down more than 4 percent after the closing bell. The clothing company now sees adjusted earnings of $1.08 to $1.10 a share, compared with its previous forecast of $1.03 to $1.05 a share. Gap Inc. (NYSE:GPS) shares are edging slightly higher in late trading.
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Regions Financial Corp. (NYSE:RF) is trading down 1 percent in extended trading. The company announced it will sell Morgan Keegan & Co. to Raymond James Financial Inc. (NYSE:RJF) for $930 million. Shares of Raymond James Financial are also trading lower on the news.
Tractor Supply Co. (NASDAQ:TSCO) jumped almost 4 percent in late trading. The company announced that revenue increased to $1.24 billion from $1.03 billion last year. The company also increased its 2011 EPS range from $2.97 to $2.99, compared to prior estimates of $2.85 to $2.89.
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