Market Focus


It looks like second time’s a charm for TravelPort when it comes to IPOs. Shares of the travel services company were higher in its debut today. Four years ago the company attempted a London IPO, but it withdrew because it lacked investor support. Now, BlackStone has backed the company, which priced its shares above the expected range at $16 a piece. Shares rose 2.5 percent to $16.40.


Scholastic posted a wider loss as the “Harry Potter” publisher had disappointing revenue growth and higher expenses. The company usually reports a loss for its first quarter since schools here in the U.S. are out of session, but its results were well below estimates. The stock dropped 5.5 percent to $32.12.


GameStop is almost doubling its numbers of holiday workers as it prepares for strong demand for new video games and the new iPhone. All together it will add 25,000 employees for the seasonal rush. Shares were off 2.5 percent to $42.06.

Lockheed Martin

Lockheed Martin plans to buy back another $2 billion in stock and it also hiked its quarterly dividend. The defense contractor’s new dividend is up to $1.50 a share and is payable in December. Still, shares were off slightly, closing at $177.44.

Swift Transportation

Shares of Swift Transportation were up on this down day. The trucking company reaffirmed higher third-quarter earnings guidance with its president and COO citing improved driver turnover and record driver recruitment. The stock popped 9.5 percent to $20.98.


Shares of Skechers bounced back today after the company released an upbeat report on the state of its business. This was in response to a research note out yesterday that questioned the shoemaker’s sales and tripped up its shares. Shares were up three percent to $54.05.

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