Wednesday, July 29, 2015

Morning Movers: CarMax Jumps 5% on Earnings Beat; Jones Group Climbs 8% on Buyout Speculation

Stocks are set to open little changed this morning, one day after falling for a third straight day.

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S&P 500 futures have dropped 2.2 points to 1,690.50, while Dow Jones Industrials futures have fallen 7 points to 15,319. The Nasdaq 100 has gained 1.5 points to 3,210.50.

Lennar (LEN) has gained 0.2% to $34.60 after the homebuilder said it earned 54 cents a share, above forecasts of 46 cents.

CarMax (KMX) has 4.6% to $52.30 after it reported earnings of 62 cents a share, above analyst forecasts of 56 cents.

CIT Group (CIT) has gained 0.6% to $47.10 after it was upgraded to Buy from Hold at Jefferies.

Jones Group (JNY) has gained 8.4% to $17 after Reuters reported that some private equity firms were interested in purchasing it.

 Sotheby’s (BID) was upgraded to Buy from Neutral at Citigroup.