Apple, Abercrombie, DR Horton, Rent-A-Center and Royal Caribbean are big market movers

The Associated Press 0

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Royal Caribbean Cruises Ltd., up $1.62 to $49.66

Strong sales on its ships and demand for last-minute international bookings helped the cruise operator post a fourth-quarter profit.

DR Horton Inc., up $2.06 to $23

The homebuilder said its first-quarter net income jumped 86 per cent as selling prices for its houses rose 10 per cent to $275,600.

Martin Marietta Materials Inc., up $3.97 to $106.75

The granite, limestone and gravel seller is buying Texas Industries in a deal worth $2.06 billion, creating a leading supplier of building materials.

Abercrombie & Fitch Co., up $1.66 to $36.27

The teen retailer said it is terminating a corporate defence strategy and separating its chairman and CEO roles.

Nasdaq

Apple Inc., down $44 to $506.50

Shares of the iPhone maker fell after reporting a lacklustre first-quarter performance and a cautious second-quarter revenue outlook.

Rent-A-Centre Inc., down $6.92 to $24.30

The company, which leases furniture and appliances, reported disappointing fourth-quarter results due to higher expenses.

American Airlines Group Inc., up $1.78 to $31.96

The airline reported a $2 billion loss for the fourth quarter, but its results still beat Wall Street expectations.

The Chefs’ Warehouse Inc., down $3.81 to $23.50

The food products distributor said poor weather in the Northeast and Midwest hurt results during the holiday season.

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