New Jersey Stocks at a GlanceThe Runnymede NJ-30 and the S&P 500 indexes diverged last week, with the Runnymede losing 0.5% and the S&P gaining 0.4%. Hovnanian Enterprises led the way locally after Barron?s ranked the homebuilder fifth on its list of 500 U.S. companies showing the most ?significant stock-market gains and consistently strong cash flow.? Cognizant Technology Solutions rose smartly along with the rest of the technology sector. Campbell Soup also gained after the company reported a fiscal third-quarter profit of 35Â¢ per share that topped analysts? estimates by 2Â¢.
Shares of Hudson City Bancorp, the mid-tier holding company that owns Hudson City Savings Bank, fell after the completion of a securities offering. Hudson City had risen 5% the previous week. Shares of catalytic-converter maker Engelhard moved lower after Collins & Aikman became the latest auto-parts supplier to file for bankruptcy protection; the move followed earlier filings by Meridian Automotive Systems, Tower Automotive and Intermet. Shares of Lucent Technologies tumbled after Standard & Poor?s Equity Research predicted a slower-than-expected rollout of fiber-optic cable directly to homes and offices.
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