Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Monday, August 19, 2013

The S&P 500 was down 0.16% to 1,653.12 in afternoon trading Monday.

The Dow Jones industrial average was off 0.16% to 15,058.05, while the Nasdaq was up 0.30% to 3,613.76.

The yield on a 10-year Treasury bond rose 2.16% to 2.89%.

The price of gold slipped 0.42% to $1,365.30 per ounce.

MANUFACTURING

Foothill Ranch-based specialty aluminum products maker Kaiser Aluminum Corp. was up about 2% to $68.75 after a Sterne Agee analyst upgraded the company's stock from "neutral" to "buy" on an expected rebound in the aerospace industry. Kaiser had a recent market value of $1.28 billion.

RETAIL

Saks Inc. missed analyst estimates on earnings and revenue for the quarter ended Aug. 3 amid what’s being noted as a generally slow start to the back-to-school selling season for retailers.

Anaheim-based Pacific Sunwear of California Inc. shares were off about 6% to $3.59 for a market value of $245.57 million.

Huntington Beach-based apparel maker and retailer Quiksilver Inc. was down about 3% to $5.20 for a market value of $870.42 million.

Tilly's Inc. of Irvine was down less than 1% to $13.50 for a market value of $373.61 million.

REAL ESTATE

Homebuilders were generally down on Monday. Irvine-based Standard Pacific Corp. led the decline locally. Its shares were off about 5% to $7.25 for a market value of $2.52 billion.

Newport Beach-based William Lyon Homes was down about 2% to $21.02 for a market value of $660.81 million.

Irvine-based TRI Pointe Homes Inc. was down less than 1% to $15.11 for a market value of $477.43 million.