Shares in mega-ag company Monsanto (NYSE: MON) dropped about 7% after announcing poor earnings.
Shares in Southwest Airlines (NYSE: LUV) fell 7% as concerns about the safety of its fleet of over 100 737s increased. Southwest did the right thing to take them out of service after one tore open on a flight from Phoenix over a week ago, but has paid a price for good corporate citizenship.
News of a larger-than-expected inventory of oil pushed down shares in Peabody Energy (NYSE: BTU)
Harley Davidson (NYSE: HOG) moved lower on rumors that its March sales were poor. Sales going forward will be probably be hurt because of the increased price of gas.
Yum! Brands (NYSE: YUM) sold down, possibly because rival McDonald’s (NYSE: MCD) announced it will add 50,000 workers–a sign of its sales strength.
Douglas A. McIntyre
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