Stock message boards
MNV
Market News Video
MNV MNV 10 Bargains You Can Buy Cheaper Than Insiders Did
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteValueForum has meant the difference between mediocre
and stellar stock performance.
more testimonials »

Today's Big Losers: CIT,PSMT,CCF,FC,SGR
Friday, July 10, 3:23 PM ET

Shares of CIT Group (NYSE:CIT) plunging Friday, down over 25%, after Bloomberg reported that the FDIC will be unwilling to guarantee the company's bonds due to deteriorating credit quality. Earlier this week, Fitch Ratings downgraded some of CIT's credit ratings already at junk bond levels. The downgrade effected about 35 billion dollars worth of debt. Fitch said default is a real possibility should the FDIC fail to back its bonds. CIT would then be forced to seek alternative funding sources to meet its debt obligations over the next 1 to 2 years, which could mean sharply curtailing new business, seeking a debt exchange, as well as selling off assets.

PriceSmart (NASDAQ:PSMT) announced its third quarter results, but investors were not happy with the bottom line earnings, sending shares down over 11% in early trading Friday. Even though revenue climbed 25%, the company earned nearly 17% less than it did in the same quarter last year, with earnings per share at 30 cents, down from 36 cents. The company said the comparable prior year quarter's results were inflated by a 2 million dollar expense reversal.

Chase Corporation (AMEX:CCF), a manufacturer of tapes, laminates, sealants and coatings -- not to be confused with Chase Bank -- reported its third quarter earnings after the bell Thursday. Revenue declined 26% year over year, while earnings plunged 73% to 10 cents per share compared to 37 cents in the same quarter last year. The company said the recent quarters have been extremely challenging, effected by the poor economy. Shares of Chase Corporation down almost 6% in early trading Friday.

Also reporting earnings after the bell Thursday are consulting company FranklinCovey (NYSE:FC), reporting a larger loss of 38 cents per share, compared to a loss of just 9 cents in the same quarter last year -- that stock down over 11% -- and technology company The Shaw Group (SGR), reporting earnings of 9 cents per share, down from 62 cents per share in the same quarter last year. The Shaw Group's Westinghouse segment weighed on results; excluding that segment earnings would have been 57 cents per share. The Shaw Group trading down over 9% on Friday.

For MarketNewsVideo.com, I'm Vanessa Moore Henry.

Today's Big Losers: CIT,PSMT,CCF,FC,SGR picture
Friday 10/24 Insider Buying Report: CPSS, TSIFriday 10/24 Insider Buying Report: CPSS, TSI
Related symbols: CPSS,TSI
Friday 10/24 Insider Buying Report: MYCCFriday 10/24 Insider Buying Report: MYCC
Related symbols: MYCC
Wednesday 10/22 Insider Buying Report: HBAN, BPFHWednesday 10/22 Insider Buying Report: HBAN, BPFH
Related symbols: HBAN,BPFH
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
S&P 500 Movers: AMZN, EWS&P 500 Movers: AMZN, EW
Related symbols: AMZN,EW
Nasdaq 100 Movers: AMZN, KLACNasdaq 100 Movers: AMZN, KLAC
Related symbols: AMZN,KLAC
Dow Movers: CVX, PGDow Movers: CVX, PG
Related symbols: CVX,PG
S&P 500 Analyst Moves: ISRGS&P 500 Analyst Moves: ISRG
Related symbols: ISRG
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: SRCLS&P 500 Analyst Moves: SRCL
Related symbols: SRCL
S&P 500 Analyst Moves: AMGS&P 500 Analyst Moves: AMG
Related symbols: AMG
Friday Sector Leaders: Medical Instruments & Supplies, Metals Fabrication & ProductsFriday Sector Leaders: Medical Instruments & Supplies, Metals Fabrication & Products
Related symbols: IVC,MMSI,APT,TREX
Friday Sector Laggards: Education & Training Services, Shipping StocksFriday Sector Laggards: Education & Training Services, Shipping Stocks
Related symbols: EDMC,ESI,DRYS,SB
Thursday Sector Leaders: Auto Dealerships, Paper & Forest ProductsThursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI,KMX,UFS,VRS
Friday's ETF with Unusual Volume: BBHFriday's ETF with Unusual Volume: BBH
Related symbols: BBH,GILD,CELG,BMRN,NPSP
Friday's ETF Movers: ILF, GDXJFriday's ETF Movers: ILF, GDXJ
Related symbols: PBR.A,SID,GBU.CA,TRX,GDXJ,ILF
XLV, HDG: Big ETF OutflowsXLV, HDG: Big ETF Outflows
Related symbols: XLV,HDG,JNJ,PFE,FLWS,XXII
Daily Dividend Report: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POMDaily Dividend Report: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POM
Related symbols: PFE,BAC,SCHW,MCO,ALTR,JNPR,AJG,POM
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLODaily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Related symbols: CMCSA,DD,TWC,AAL,VLO
Daily Dividend Report: V, ENB, STX, PH, CDaily Dividend Report: V, ENB, STX, PH, C
Related symbols: V,ENB,STX,PH,C
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: October 24, 2014Weekly Market Wrap: October 24, 2014
Related symbols: DRYS,F,MSFT,AAPL,TWC,V,TROW,MCK,MCK
Weekly Market Wrap: October 17, 2014Weekly Market Wrap: October 17, 2014
Related symbols: AMD,BAC,AAPL,GE,JNJ,PAYX,CCL,SWK
Weekly Market Wrap: October 10, 2014Weekly Market Wrap: October 10, 2014
Related symbols: BAC,MU,INTC,GTAT,CAT,WAG,F,KRFT,ALG
Week Ahead Market Report: October 20, 2014Week Ahead Market Report: October 20, 2014
Related symbols: BAC,AAPL,PFE,AOS,KMB,ABT,DOW,GM,MMM,AAL,DPS,LLY,LO,B,CL,PG,UPS
About The Week Ahead Market ReportAbout The Week Ahead Market Report
Week Ahead Market Report: October 13, 2014Week Ahead Market Report: October 13, 2014
Related symbols: BAC,CSX,AAPL,FB,SIRI,C,JPM,INTC,AXP,EBAY,NFLX,AMD,BHI,COF,BK,GE,MS
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

Today's Big Losers: CIT,PSMT,CCF,FC,SGR | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.