Closing Bell: Mixed day after earlier gains; big swings for AMZN, LOW, PEIX

Posted May 19th 2008 4:07PM by Jon Ogg
Filed under: Amazon.com (AMZN), Campbell Soup (CPB), Lowe's Cos (LOW), SanDisk Corp (SNDK)

Today started out as a good day, but traders went back to "do the opposite of what feels good." The Conference Board showed that April's leading economic indicators were +0.1%. Oil also stayed above $127 per barrel.

Here are the unofficial closing prices for US index levels:

DJIA 13,026.69 (+39.89; +0.3%)
S&P500 1,426.59 (+1.24; +0.1%)
NASDAQ 2,515.82 (-13.03; -0.5%)
52 WEEK LOWS
TOP 10 ANALYST CALLS

Amazon.com (NASDAQ: AMZN) saw a sharp rise with shares up over 7% at $82.22 late in the day after Goldman Sachs added it to the CONVICTION BUY LIST.

Campbell's Soup (NYSE: CPB) saw a 5% drop by the end of the day to $34.06 after a disappointing result.

Lowe's Companies (NYSE: LOW) saw a 2.5% drop to $24.25 by the end of the day after the company's earnings came in line but guidance was weak.

Pacific Ethanol Inc. (NASDAQ: PEIX) saw shares rise an unbelievable 49% with shares at $4.78 late in the day after the battered ethanol producer beat earnings expectations.

SanDisk Corp. (NASDAQ: SNDK) was down over 8% at $29.74 in the final minutes today after making cautious comments at a JPMorgan investor conference.

Jon Ogg produces and edits the "10 Stocks Under $10" newsletter and he does not own securities in the companies he covers.

Tags: inthenews, PEIX

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