The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.57%, the Nasdaq up 0.80% and the S&P 500 up 0.65%. 24/7 Wall St.’s biggest winners include a manufacturer whose stock soared on news of a buyout, while another company upped its profit outlook. Meanwhile, quarterly earnings for two wireless carriers disappointed, leaving them as our biggest losers.
Here are Tuesday’s market winners and losers.
Shares of US Home Systems Inc. (NASDAQ: USHS) are up 36.98% to $12.41 on trading volume of 3.8 million shares. The Home Depot Inc. (NYSE: HD) is buying the manufacturer for about $93.4 million, or $12.50 a share. The 52-week high is $14.81.
Shares of Fossil Inc. (NASDAQ: FOSL) are up 33.16% to $92.93 on trading volume of 3.6 million shares. The jewelry and leather goods maker predicted full-year profit of between $5.29 and $5.34 a share, better than the $5.27 Wall Street analysts were expecting. The 52-week high is $139.20.
Shares of NII Holdings Inc. (NASDAQ: NIHD) are down 26.30% to $5.95 on trading volume of 10.1 million shares. The wireless carrier cut its full-year revenue outlook by $1 billion due to fewer subscriber additions. Before Tuesday, the 52-week low was $6.56.
Shares of Leap Wireless International Inc. (NASDAQ: LEAP) are down 21.74% on trading volume of 4.7 million shares. Following disappointing earnings, the company was downgraded by Robert W. Baird and Hudson Square Research. Before Tuesday, the 52-week low was $4.68