Financial Markets Today: Three Stocks That Made Big Gains

Turmoil again ruled the financial markets today. The euro dropped again, sinking below $1.30 for the first time since January. Italy upped its bonds to a euro-era high of a 6.47% average yield. Oil prices fell. Gold dropped below $1,600 an ounce for the first time in months. And the Dow was down 1.1% to $11,823.

But it wasn’t all doom and gloom. A number of stocks made considerable gains. Here are three whose big jumps stood out:

  • U.S. Airways (NYSE: LCC): As part of a deal with Delta Air Lines (NYSE: DAL), U.S. Air expanded its takeoff and landing rights at the Washington, D.C. area’s heavily trafficked Reagan National Airport. The airline’s increased presence in the nation’s capital sent shares of its stock up 7.71% for the day. It closed at $5.59 a share.
  • Winn-Dixie Stores (Nasdaq: WINN): The Florida-based grocery store chain announced plans to expand its popular fuelperks! program, which offers customers discounts on gas. Winn-Dixie, which has 482 stores in Florida, Alabama, Georgia, Louisiana and Mississippi, currently offers fuelperks! in 81.3% of its stores. Now the company intends to extend the program to all its stores by June 2013. The news sent Winn-Dixie stock up 7.32% to %5.72 a share today.
  • Lifetime Brands (Nasdaq: LCUT): The makers of Kitchen Aid and Farberware acquired a 40% stake in Brazilian kitchenware maker GS Internacional SA on Monday, sending the stock up 2.7% on Tuesday and another 6.6% today. Lifetime Brands closed at $11.96 a share – back above its 200-day moving average.
Published by Wyatt Investment Research at