Applied Materials, Deere stocks show big gains on the week

August 20, 2016 at 7:00PM
FILE - In this Monday, Aug. 31, 2015, file photo, Douglas and Monika Johnson from Perry, Iowa, look at John Deere equipment on display at the Farm Progress Show in Decatur, Ill. Deere & Co. report financial results Friday, Aug. 19, 2016. (AP Photo/Seth Perlman, File)
Deere, the farm equipment maker, rose 13 percent Friday after raising its outlook for the year. (The Minnesota Star Tribune)

Chips ahoy: Applied Materials shares rose 7 percent to $29.64 Friday after the manufacturer of chipmaking equipment disclosed that new orders and a contract backlog that were much stronger than analysts had forecast.

Choice cuts: Farm equipment maker Deere rose 13 percent to $87.32 Friday after posting strong results and raising its outlook for the year. The company has been cutting costs as farmers struggle with smaller profits on corn and soybeans thanks to large harvests.

Money flow: Water and wastewater treatment company Xylem's shares rose 4 percent to $50.37 after it announced a $1.7 billion deal for Sensus, a company that provides smart meters, network technology, and analytics used by water, electric and gas utilities. Xylem closed the week at $50.80.

Sunny day: SunEdison Semiconductor, which makes silicon wafers, rose 40 percent to $11.57 Thursday after agreeing to be bought by GlobalWafers of Taiwan. Its stock closed Friday at $11.48.

Discount woes: Shares of TJX, the parent of T.J. Maxx, Marshalls and other stores, dropped 6 percent to $77.97 Tuesday after the company said higher wages and the strong dollar will hurt its results in the third quarter. Its stock closed Friday at $79.35.

Still standing: Dick's Sporting Goods shares rose 6 percent to $58.76 after the retailer announced better-than-expected quarterly results and raised its projections for the year. Results were helped by the demise of rival the Sports Authority. Dick's shares closed the week at $58.84.

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