Take a look at some of Tuesday's midday movers:
FedEx fell on news that it could lose a $1 billion Post Office Contract to UPS .
State Street fell after it reported second quarter earnings dropped 4 percent, in part on weakness in international stock markets. Separately, State Street said it would buy Goldman Sachs’ hedge fund administration business for $550 million in cash.
Toy stocks were higher following Mattel’s stronger than expected second quarter results. Hasbro, Jakks Pacific and Leapfrog all moved to the upside.
Dish Network jumped after Wells Fargo made its case for the bull argument and reiterated its "outperform" rating.
Fertilizer stocks including Mosaic, Potash, Agrium, and CF Industries were higher as the drought continued to hit play havoc with corn crops.
Homebuilding stocks including Lennar, DR Horton, KB Home, and Pulte were lower despite a surge in homebuilder sentimentfor July. Raymond James downgraded KB Home and DR Horton to "underperform," citing their exposure to entry-level buyers, which the firm said continues to be weak.
HSBC dropped after its CEO, in prepared testimony before a Senate subcommittee, apologized for allowing Mexican drug cartels to launder billions of dollars through the bank. The Senate panel also said the company hid more than $16 billion in Iran transactions over six years.
Sprint moved higher after Credit Suisse increased its price target to $6 from $4, citing stronger earnings estimates.
Kansas City Southern moved lower as revenues came in lighter than expected.
TD Ameritrade also dropped as its third quarter profits fell 2.3 percent. Trading volume slumped 4 percent from a year ago.
VMware slid following press reports that its CEO is leaving.
New Oriental Education was slammed following disclosure of an SEC investigation.
Six Flags closed in on a 52-week high after KeyBanc reiterated its "buy" rating while it raised its price target to $40 from $35.
Sina Corp moved lower following reports the U.S. Consulate in Shanghai’s Weibo account mysteriously disappeared. The consulate said it wasn’t sure why the account was removed or blocked.
Broadcom also got slammed on competitive fears from Samsung buying CSR’s handset connectivity operations.
Questions? Comments? Email us at email@example.com