S&P 500 Recap: Stocks Down 3.8%, Salesforce and Sears Holding in Spotlight

The S&P 500 (NYSEARCA:SPY) closed the week down 3.8% at 1,215. Here are the top winners and losers this week.

Monday

Salesforce.com (NYSE:CRM): Although UBS included Salesforce.com (NYSE:CRM) in its 15 top stocks that are shorted, Citigroup has upgraded the stock from Neutral to Buy. The new target price has moved up from $122 to $158, based on confidence that there will be stronger medium-term growth. They have traded in a 52-week range of $109.21 to $160.12. Volume today was 1,944,758 shares versus a 3-month average volume of 3,042,620 shares. The company’s trailing P/E is 649.37, while trailing earnings are $0.21 per share.

Investing Insights: IBM and 2 DJIA Stocks Bucking the Sell Off.

Lowe’s Companies (NYSE:LOW): The Q3 report came in this morning, and it was decent: an EPS of $0.35 beat the estimate by $0.02, and revenues of $11.8 billion were in-line. They have traded in a 52-week range of $18.07 to $27.45. Volume today was 17,126,148 shares versus a 3-month average volume of 16,530,000 shares. The company’s trailing P/E is 16.15, while trailing earnings are $1.46 per share.

JDS Uniphase Corporation (NASDAQ:JDSU): JDS rose at a respectable clip at the beginning of trading today. The somewhat improved flooding situation in Thailand is helping in this regard. However, the company’s stock is down by more than half since it reached its yearly high in February. They have traded in a 52-week range of $8.59 to $29.12. Volume today was 2,337,694 shares versus a 3-month average volume of 8,590,740 shares. The company’s trailing P/E is 42.43, while trailing earnings are $0.28 per share.

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Tuesday

Sears Holding Corporation (NASDAQ:SHLD): Sears took a serious tumble at the beginning of trading. Any double-dip recession would be devastating for this retail giant. The shares recently traded at $69.32, down $2.93, or 4.06%. They have traded in a 52-week range of $51.14 to $94.79. Volume today was 632,423 shares versus a 3-month average volume of 594,273 shares. The company’s trailing earnings are $-1.49 per share.

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Staples (NASDAQ:SPLS): The earnings report for Staples (NASDAQ:SPLS) came in this morning. EPS came in as expected, and revenues were $100 million short. The market took a very dim view of these results. They have traded in a 52-week range of $11.94 to $23.75. Volume today was 12,332,671 shares versus a 3-month average volume of 10,244,400 shares. The company’s trailing P/E is 11.18, while trailing earnings are $1.30 per share.

Urban Outfitters (NASDAQ:URBN): The stock was down 6% in pre-market trading, and fell hard at the beginning of the session. However, the stock has since rebounded, as many analysts see significant growth opportunities for the company. They have traded in a 52-week range of $21.47 to $39.26. Volume today was 6,721,545 shares versus a 3-month average volume of 4,485,490 shares. The company’s trailing P/E is 18.38, while trailing earnings are $1.48 per share.

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Wednesday

Abercrombie and Fitch (NYSE:ANF): Bernanke’s quantitative easing has caused the increase in the price of everything: food, energy and clothing. This has contributed to a lot of things, the Arab Spring being the most prominent. It has now affected the margins of this hipster giant. They have traded in a 52-week range of $45.72 to $78.25. Volume today was 20,209,473 shares versus a 3-month average volume of 2,950,820 shares. The company’s trailing P/E is 22.05, while trailing earnings are $2.20 per share.

Investing Insights: Oil Breaks $100 and Continues to Outperform Equities.

CME Group (NASDAQ:CME): Tough day for this company. The stock is worth half of what it was in late 2008. They have traded in a 52-week range of $236.50 to $328.00. Volume today was 1,225,509 shares versus a 3-month average volume of 642,980 shares. The company’s trailing P/E is 12.78, while trailing earnings are $18.86 per share.

Netflix (NASDAQ:NFLX): The Quickster debacle has probably deterred millions from being customers in the long haul. Moreover, Netflix took too long before it provided its DVD selection online. On a positive note, Netflix has made a lot of content deals. They have traded in a 52-week range of $74.25 to $304.79. Volume today was 3,768,920 shares versus a 3-month average volume of 9,207,840 shares. The company’s trailing P/E is 18.64, while trailing earnings are $4.40 per share.

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Thursday

MeadWestvaco Corporation (NYSE:MWV): A merger with ACCO Brands (NYSE:ABD) has this stock moving up. MWV shareholders will own 50.5% of the combined company. They have traded in a 52-week range of $22.75 to $34.51. Volume today was 1,875,918 shares versus a 3-month average volume of 1,275,340 shares. The company’s trailing P/E is 15.76, while trailing earnings are $1.84 per share.

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First Solar (NASDAQ:FSLR): This is a tough time for the solar industry, and First Solar (NASDAQ:FSLR) is trading at one of its lowest levels since its IPO in 2006. Maxim Group’s Andrew Chew believes the time is ripe for GE (NYSE:GE) to take over the company, as the behemoth plans to set up a thin-film solar plant of its own. First Solar has traded in a 52-week range of $42.50 to $175.45. Volume today was 2,698,883 shares versus a 3-month average volume of 3,753,900 shares. The company’s trailing P/E is 7.36, while trailing earnings are $6.09 per share.

Abercrombie and Fitch (NYSE:ANF): Yesterday’s earnings miss was brutal for the stock, but things have leveled off today. The company said in the most recent conference call that they would raise prices next year in an effort to boost margins. We will see if that works. On a positive note, Brean Murray says ample European and Asian opportunities provides some hope for this retailer. They have traded in a 52-week range of $46.57 to $78.25. Volume today was 3,434,629 shares versus a 3-month average volume of 3,234,260 shares. The company’s trailing P/E is 22.28, while trailing earnings are $2.20 per share.

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Friday

CF Industries Holdings (NYSE:CF): The fertilizer industry is bouncing today after a difficult day yesterday. The decline in corn price makes it less likely that farmers will use fertilizers. These two variables are correlated, but not exactly in tandem. They have traded in a 52-week range of $114.20 to $192.70. Volume today was 3,140,813 shares versus a 3-month average volume of 2,452,590 shares. The company’s trailing P/E is 8.51, while trailing earnings are $18.18 per share.

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Western Digital Corporation (NYSE:WDC): Lots going on for this stock throughout the week. Western Digital was up big when the EU approved its bid to buy out Hitachi’s hard disk drive business. It also came up with a supply agreement with TDK for hard disk drive components as a way of mitigating the damage from the floods in Thailand. On the downside, a disappointing report from NetApp (NASDAQ:NTAP) has affected data storage companies across the board. WDC shares have traded in a 52-week range of $22.64 to $41.87. Volume today was 3,796,637 shares versus a 3-month average volume of 5,207,390 shares. The company’s trailing P/E is 8.04, while trailing earnings are $3.26 per share.

The Mosaic Company (NYSE:MOS): Another fertilizer bouncing back. Lazard has come out saying that the drop in price has been sufficient to create bargains, as there are expected increases in the prices of nitrogen and potash at the same time. MOS shares have traded in a 52-week range of $44.86 to $89.24. Volume today was 6,252,533 shares versus a 3-month average volume of 7,489,410 shares. The company’s trailing P/E is 8.73, while trailing earnings are $6.12 per share.

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