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Midday Movers: PHM, TOL & More

Take a look at some of Tuesday's midday movers:

New home sales surged in January to a 4-1/2 year high, giving a boost to homebuilders such as PulteGroup and Toll Brothers.

The better-than-expected home sales report also helped Home Depot add to its gains. The home improvement retailer reported better-than-expected fourth-quarter results before-the-bell, raised its dividend and announced a new buyback plan.


In other earnings news, Cracker Barrel Old Country Store hit a 52-week high after the restaurant chain reported better-than-expected earnings for its second quarter and raised full-year earnings guidance.

Macy's posted strong holiday sales and raised its forecast for the full year. Shares initially gained, but eased off session highs along with the broader market.

Saks traded lower after the department store chain posted a disappointing fourth-quarter, hurt by higher expenses and the impact of Hurricane Sandy. The luxury retailer also warned that its consumers "remain somewhat volatile" because of uncertain economic conditions.

Expeditors International Washington was the worst performer on the S&P 500 after the logistics company missed fourth-quarter earnings estimates.

Tyson traded lower after food processing company warned that the current quarter has been more challenging than expected due to margin pressures in its beef and pork businesses.

AT&T led the telecom sector higher after the company reported its Wi-Fi footprint grew about 10 percent in 2012.

—By CNBC's Lori Spechler

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Senior Commodities Correspondent and Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.