Unusual 11 Mid-Day Movers 10/16: EEV, SKF, DUG, SDS Higher; SSCC, BMI, WGO, CIT Lower

October 16, 2008 11:53 AM EDT

Smurfit-Stone (NYSE: SSCC) 37.4% LOWER; this paper & paper products manufacturer continues its slide today after being downgraded by Goldman Sachs yesterday. Notably, the stock gave up 38% yesterday.

Badger Meter (NYSE: BMI) 28% LOWER; reports Q3 EPS of $0.39, versus the analyst estimate of $0.47. Revenues for the quarter were $68.83 million, versus the consensus of $73.39 million.

Winnebago Industries, Inc. (NYSE: WGO) 22.7% LOWER; reports a Q4 loss of $0.44, versus the analyst estimate of ($0.19). Revenues for the quarter were $85.3 million, versus the consensus of $132.53 million.

CIT Group Inc. (NYSE: CIT) 19.4% LOWER; reports a Q3 loss of $1.13, which does not compare to the analyst estimate of a $0.19 gain.

Temple-Inland (NYSE: TIN) 17.7% LOWER; following Goldman Sach's industry-wide estimate revision on paper and paper product companies yesterday, and the ensuing 30% decline in Temple-Inland, the stock continues to slide today.

UltraShort MSCI Emerging Markets ProShares (AMEX: EEV) 12.2% HIGHER; this fund is a play on widespread concerns that a global slowdown will affect emerging markets such as Brazil, which had to halt trading yesterday due to a 10% slide in its index, China and India.

UltraShort Financials ProShares (AMEX: SKF) 12% HIGHER; financials are leading the markets lower this morning.

UltraShort Oil & Gas ProShares (AMEX: DUG) 10.6% HIGHER; with crude oil trading to fresh lows under $70 today, this ETF is surging. Since the beginning of October, the DUG has doubled.

UltraShort S&P 500 ProShares (AMEX: SDS) 8.5% HIGHER; this ETF is a bet on further downside in the S&P 500 index.

UltraShort Basic Materials ProShares (AMEX: SMN) 6.4% HIGHER; the commodities trade unraveling continues this week as we are hearing about more and more hedge funds/mutual funds have began shoring up cash in order to cover redemptions.

UltraShort FTSE/Xinhua China 25 ProShares (AMEX: FXP) 4.4% HIGHER; this ETF is moving higher as indices around the globe are sinking on speculation that the US will dive into a much-deeper-than-expected recession, pulling markets in Europe and Asia down with it.


Related Categories

Special Reports

Stocks Mentioned

BMI 37.08

+1.83 +5.19%
Volume: 122,824
Track BMI

CIT 0.25

+0.00 +0.00%
Volume: 304,829,894
Track CIT

DUG 13.10

+0.20 +1.55%
Volume: 7,080,514
Track DUG

EEV 11.01

-0.16 -1.43%
Volume: 3,459,048
Track EEV

FXP 7.46

-0.22 -2.86%
Volume: 3,276,039
Track FXP

SDS 35.82

-0.41 -1.13%
Volume: 55,619,678
Track SDS

SKF 24.31

-0.85 -3.38%
Volume: 25,443,134
Track SKF

SMN 9.09

+0.29 +3.30%
Volume: 9,306,324
Track SMN

SSCC 0.03

+0.00 +0.00%
Volume: 25,219,596
Track SSCC

TIN 20.49

+1.16 +6.00%
Volume: 3,689,990
Track TIN

WGO 10.65

-0.01 -0.09%
Volume: 629,434
Track WGO


Related Entities


Add Your Comment