Today’s midday gainers are Lee Enterprises, Incorporated (NYSE:LEE), CF Industries Holdings, Inc. (NYSE:CF) and Lumber Liquidators Holdings Inc (NYSE:LL). On the losing end are Navios Maritime Holdings Inc. (NYSE:NM), United States Steel Corporation (NYSE:X) and Terex Corporation (NYSE:TEX)
Lee Surges Upon Reevaluating Plans
Topping off today’s midday gainers list is Lee Enterprises, Incorporated (NYSE:LEE), up +10.14%. The George Soros pick is an owner of newspaper and publishing subsidiaries. Earlier this month, the company reported revenues of $177.4 million. While it missed its 2012 mark by 4%, it also posted improvements in digital advertising sales. Its other business units, however, remain in the red, and today, Lee outlined a cost and revenue plan to improve performance.
Following Lee is CF Industries Holdings, Inc. (NYSE:CF), the stock price of which increased +8.05%. Soros is a shareholder in CF, as well as Ray Dalio, Richard Chilton and Thomas Steyer. While the company recently reported quarterly earnings having declined -31% year-over-year, it still beat Wall Street estimates. And moving forward, investors are hoping its nitrogen product line will perform well.
Surging +8% at midday, Lumber Liquidators Holdings Inc (NYSE:LL) rounds out our list of gainers this Wednesday. This Steve Mandel bet reported results today and issued an update on FY earnings guidance, raising its EPS outlook on higher-than-expected revenues.
DOC Ruling Spells Trouble for United States Steel
The biggest loser midday today is Navios Maritime Holdings Inc. (NYSE:NM), down -7.84%. The company missed Q4 EPS expectations by $0.09 despite higher revenues, and its stock price has declined -19.71% YTD.
Also taking a hit today is United States Steel Corporation (NYSE:X), which fell -6.07%. One of Jorge Lemann’s bets, the company was affected by a DOC ruling giving the Korean government the upper hand over dumping issues.
Last up this Wednesday is Terex Corporation (NYSE:TEX), down -5.23%. The global equipment manufacturer reported 2014 guidance today, falling short of analysts’ expectations. Demand levels are still considered strong, albeit less so than in previous quarters. The company has also been deeply hurt by turmoil in developing countries.
