Chris on the Close 5.8.2012

Office Max proved its strategy to be working when today’s first quarter results shot its shares up 11% to 4.88, this is stronger than expected; industry leader staples reports next week.

Another hot stock is FreightCar America with railcar deliveries jumping to a the highest they’ve been since 2008, with a spike to 16% they finished unexpectedly up only 3% at 21.25. Fossil(FOSL), who continues to disappoint again this quarter missing target sales, were pummeled down to 47.83 a 40% crash, their day’s high was 93.60. Canadian Stocks also took a hit and the Toronto stock exchange finished it lowest of the year down 155.81 points to 11,704.85, the European elections really prove to be having a global ripple effect.