Market Insider

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

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