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f0641 BC-US-WallStreetStocks 07-16 0337

CIT, Discover Financial, Intel are big movers

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

NYSE:

CIT Group Inc., down $1.23 at 41 cents

Investers fear the commercial lender may have to file for bankruptcy protection after the government refused it emergency funding.

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Nokia Corp., down $2.22 at $13.46

The No. 1 handset maker’s sales and profit sank in the second quarter, and the Swedish company nixed its goal to gain market share.

Harley-Davidson Inc., up $1.47 at $18.96

The motorcycle maker’s profit sank 91 percent as retail sales tumbled in the second quarter, but it will cut costs through layoffs.

Marriott International Inc., down $1.36 at $20.44

The hotel company’s full-year outlook fell short of Wall Street expectations as curtailed corporate travel budgets hit revenue.

MGIC Investment Corp., up 76 cents at $4.70

Amid swelling losses, the mortgage insurer plans to invest up to $1 billion in a subsidiary, which will take over new underwriting.

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NASDAQ:

Resources Connection Inc., down $2.12 at $15.41

The staffing services provider said falling sales and restructuring charges led to a loss in its fourth quarter.

Palm Inc., up 14 cents at $15.06

The smart phone maker had touted its new Pre’s ability to sync to iTunes music-playing software, but Apple Inc. shut that connection down.

SanDisk Corp., up $1.47 at $17.67

An analyst raised estimates on the flash memory card maker, saying it increased market share and had a strong second quarter.

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