Hormel, Gevo, Suntech are big movers

Hormel, Gevo, Suntech, Newfield Exploration are big market movers Tuesday

Associated Press

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Hormel Foods Corp., down $1.46 at $39.19

The food company cut its profit expectations for the year, citing higher costs, softer sales and weak performance at its pork business.

FactSet Research Systems Inc., down $4.64 at $99.12

The research firm said that its third-quarter net income rose 11 percent, but it said the market remained tough for selling services.

Suntech Power Holdings Co. Ltd., up 5 cents at $1.05

The solar panel maker said that authorities in Switzerland granted its main European subsidiary more time to restructure its debts.

Newfield Exploration Co., up 93 cents at $23.94

A Stifel Nicolaus analyst upgraded the oil and natural gas company's stock rating to a "Buy," citing an international asset sale.

Signet Jewelers Ltd., up $1.94 at $69.91

The jewelry company, which owns the Kay Jewelers retail stores, said it plans to buy back up to $350 million of its common stock.

Nasdaq

Gevo Inc., up 34 cents at $2.07

The maker of fuels and chemicals from plant matter has restarted commercial production of isobutanol at its Minnesota plant.

Flir Systems Inc., up $1.54 at $26.49

A Raymond James analyst upgraded the stock rating of the company, which makes imaging and surveillance systems, to a "Strong Buy."

Orchard Supply Hardware Stores Corp., down 38 cents at $1.73

Shares of the home improvement retailer fell a day after rival Lowe's offered to buy it for about $205 million in cash.

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