NEW YORK (CNNfn) - Leading hotel and online travel companies lost nearly $8 billion in market capitalization on Monday as investors dumped shares on concerns about a looming slump in business and leisure travel following last week's terrorist attacks.
Airlines, automakers and insurers were also hit hard, and shares of gaming companies were down sharply, amid uncertainty about the future of the leisure travel industry.
But shares of companies that make security devices rose as much as 100 percent as U.S. airports and institutions plan to bolster their on-site security.
Aerospace and defense
Defense contractors and military electronics systems makers were mixed.
B.F. Goodrich (GR: down $5.62 to $24.92, Research, Estimates); Boeing (BA: down $7.66 to $35.80, Research, Estimates); General Dynamics (GD: up $6.93 to $82.90, Research, Estimates); General Electric (GE: down $4.20 to $35.15, Research, Estimates);
Honeywell International (HON: down $6.20 to $29.50, Research, Estimates); Lockheed Martin (LMT: up $5.63 to $43.95, Research, Estimates); Northrop Grumman (NOC: up $12.86 to $94.80, Research, Estimates); Raytheon (RTN: up $6.65 to $31.50, Research, Estimates); Sequa (SQA.A: down $0.77 to $51.00, Research, Estimates); Textron (TXT: down $5.00 to $43.99, Research, Estimates); United Technologies (UTX: down $18.70 to $47.50, Research, Estimates); Armor Holdings (AH: up $5.62 to $19.92, Research, Estimates); Engineered support systems (EASI: up $10.66 to $41.71, Research, Estimates); L-3 Communications Holdings (LLL: up $24.00 to $87.00, Research, Estimates).
Transport and travel
The nation's airlines may only have enough cash to operate for 30 days due to high fixed costs and little, if any, new money coming in, economists said. Other travel-related companies also fell.
Northwest Airlines (NWAC: down $7.20 to $12.42, Research, Estimates); Skywest (SKYW: down $12.50 to $19.15, Research, Estimates); Frontier Airlines (FRNT: down $3.90 to $8.25, Research, Estimates); AMR (AMR: down $11.70 to $18.00, Research, Estimates); Alaska Air (ALK: down $8.67 to $21.68, Research, Estimates); America West Holdings (AWA: down $5.60 to $3.00, Research, Estimates); Continental Airlines (CAL: down $19.59 to $20.05, Research, Estimates); Delta Airlines (DAL: down $16.61 to $20.64, Research, Estimates); Southwest Airlines (LUV: down $4.12 to $13.00, Research, Estimates); UAL (UAL: down $13.32 to $17.50, Research, Estimates); U.S. Airways Group (U: down $6.05 to $5.57, Research, Estimates); Atlantic Coast (ACAI: down $9.50 to $17.02, Research, Estimates).
Hotel companies were pressured as well.
Marriott International (MAR: down $8.60 to $32.25, Research, Estimates); Starwood Hotel & Resort (HOT: down $8.40 to $21.15, Research, Estimates); Hilton Hotels (HLT: down $2.64 to $8.55, Research, Estimates); Mandarin Oriental International (MAORY: Research, Estimates);Four Seasons Hotels (FS: down $10.67 to $36.25, Research, Estimates); Extended Stay America (ESA: down $2.54 to $13.97, Research, Estimates).
Also falling were the companies that book travel and hotel reservations. Sabre Holdings (TSG: down $16.13 to $23.30, Research, Estimates), operator of the Travelocity Web site;Priceline.com (PCLN: down $1.99 to $3.01, Research, Estimates); Expedia (EXPE: down $12.25 to $24.00, Research, Estimates); Hotel Reservation Network (ROOM: down $9.53 to $27.71, Research, Estimates); GATX (GMT: down $3.48 to $34.77, Research, Estimates).
Gaming company shares were also down.
The nation's top four gaming stocks, MGM Mirage (MGG: down $6.31 to $22.00, Research, Estimates), Mandalay Resort Group (MGB: down $0.26 to $8.05, Research, Estimates), Harrah's Entertainment Inc. (HET: down $4.11 to $24.60, Research, Estimates) and Park Place Entertainment (PPE: down $1.92 to $8.00, Research, Estimates) had lost a collective $1.7 billion in market capitalization midway through the trading day on Wall Street.
Insurance
Insurance companies are bracing to cope with what is being termed as the worst disaster in insurance history, with claims likely to reach $30 billion.
AIG (AIG: down $3.26 to $71.00, Research, Estimates); Chubb (CB: down $3.42 to $63.05, Research, Estimates); Allianz (AZ: down $2.44 to $21.35, Research, Estimates); Hartford Financial Services Group(HIG: down $3.21 to $58.70, Research, Estimates); Berkshire Hathaway (BRK.A: down $4000.00 to $64000.00, Research, Estimates); Allstate (ALL: down $0.58 to $33.50, Research, Estimates); Loews (LTR: down $2.52 to $46.75, Research, Estimates); Hartford Financial Services (HIG: down $3.21 to $58.70, Research, Estimates); St. Paul (SPC: down $3.13 to $38.12, Research, Estimates); Progressive, Ohio (PGR: down $3.43 to $121.00, Research, Estimates).
Security
The companies that deal in physical and explosive recognition technology soared dramatically.
Visionics (VSNX: up $3.98 to $8.25, Research, Estimates); InVision Technologies (INVN: up $5.14 to $8.25, Research, Estimates); Magal Security (MAGS: up $3.31 to $8.30, Research, Estimates); Visage Technology (VISG: up $2.76 to $4.70, Research, Estimates); Compudyne (CDCY: up $4.75 to $13.00, Research, Estimates); Applied Signal (APSG: up $2.06 to $7.25, Research, Estimates); Mercury Computer (MRCY: up $11.50 to $37.05, Research, Estimates); Harris (HRS: up $2.66 to $29.85, Research, Estimates).
Security services company also soared.
Identix Inc. (IDX: up $3.00 to $7.20, Research, Estimates); Wackenhut Corp. (WAK: up $4.45 to $21.15, Research, Estimates); L-3 Communications (LLL: up $24.00 to $87.00, Research, Estimates).
Construction
Caterpillar (CAT: down $3.41 to $44.69, Research, Estimates); JLG Industries (JLG: down $0.15 to $11.00, Research, Estimates); Deere & Co. (DE: down $2.80 to $39.70, Research, Estimates); CNH Global NV (CNH: down $0.49 to $6.70, Research, Estimates); AGCO (AG: down $0.78 to $9.96, Research, Estimates).
REIT
Equity Office Properties (EOP: down $0.45 to $31.70, Research, Estimates); Equity Research Properties (EQR: down $0.55 to $57.70, Research, Estimates); Simon Property Group (SPG: down $1.93 to $27.01, Research, Estimates); Public Storage (PSA: down $0.60 to $32.00, Research, Estimates); ProLogis Trust (PLD: down $0.87 to $20.15, Research, Estimates); Apartment Investment and Management Co. (AIV: down $1.45 to $45.70, Research, Estimates).
Automakers
Delays in delivery of auto parts at key facilities contributed to a fall in auto stocks.
DaimlerChrysler (DCX: down $6.33 to $33.27, Research, Estimates); General Motors (GM: down $6.98 to $44.60, Research, Estimates); Nissan Motor (NSANY: down $1.81 to $9.69, Research, Estimates); Honda (HMC: down $10.37 to $69.75, Research, Estimates); Toyota (TM: down $5.65 to $54.75, Research, Estimates).
Financial Services
Shares of brokerages and banks traded lower on economic worries.
Merrill Lynch (MER: down $5.37 to $41.48, Research, Estimates); Goldman Sachs (GS: down $6.80 to $69.40, Research, Estimates); Charles Schwab (SCH: down $1.70 to $10.07, Research, Estimates); Lehman Bros. Holdings (LEH: down $6.89 to $55.16, Research, Estimates); Bear Stearns (BSC: down $3.79 to $46.45, Research, Estimates); A. G. Edwards (AGE: down $2.02 to $36.98, Research, Estimates).
Banc of America (BAC: down $3.30 to $54.35, Research, Estimates); Wells Fargo (WFC: down $0.75 to $43.50, Research, Estimates); J.P. Morgan Chase (JPM: down $2.01 to $35.25, Research, Estimates); Bank One (ONE: down $2.09 to $31.41, Research, Estimates); FleetBoston Financial (FBF: down $2.28 to $32.65, Research, Estimates); MBNA (KRB: down $2.67 to $28.57, Research, Estimates).
Leisure/Recreation
Theme parks, cruise and spa providers suffered.
Walt Disney (DIS: down $4.33 to $19.25, Research, Estimates); Carnival Cruise Lines (CCL: down $9.09 to $19.43, Research, Estimates); P&O Princess Cruises (POC: down $8.30 to $13.10, Research, Estimates); Royal Caribbean Cruises (RCL: down $8.55 to $12.76, Research, Estimates); Tidewater (TDW: down $1.28 to $29.11, Research, Estimates); Steiner Leisure (STNR: down $8.85 to $16.75, Research, Estimates); Regis (RGIS: down $0.46 to $20.50, Research, Estimates).
Home Videos
Video rental chain stocks rose as analysts predicted investors would stay at home more often.
Blockbuster (BBI: up $0.65 to $19.00, Research, Estimates); Hollywood Entertainment (HLYW: up $1.30 to $9.90, Research, Estimates); Movie Gallery (MOVI: up $0.14 to $15.75, Research, Estimates).
Videoconferencing
The videoconferencing industry, which enables companies and individuals to conduct business globally without having to face air travel, saw some shares in the sector soar.
Polycom (PLCM: up $6.31 to $25.45, Research, Estimates); ACT Teleconferencing (ACTT: up $2.35 to $7.35, Research, Estimates); PictureTel (PCTL: up $0.59 to $5.17, Research, Estimates); Avistar Communications (AVSR: up $1.40 to $2.80, Research, Estimates); Panamsat (SPOT: down $2.25 to $26.17, Research, Estimates); New Skies Satellites (NSK: down $0.07 to $6.90, Research, Estimates); Raindance Communications (RNDC: up $0.73 to $2.45, Research, Estimates).
Integrated Oil
Amerada Hess (AHC: down $1.57 to $75.35, Research, Estimates); Conoco (COC.A: down $0.70 to $29.90, Research, Estimates); Exxon-Mobil (XOM: down $1.09 to $40.15, Research, Estimates); Philips Petroleum (P: up $0.03 to $58.59, Research, Estimates); Chevron (CHV: down $1.48 to $90.22, Research, Estimates); Royal Dutch Petroleum (RD: down $1.77 to $52.10, Research, Estimates); BP Amoco (BP: down $0.36 to $49.16, Research, Estimates); Total Fina Elf (TOT: down $2.28 to $69.60, Research, Estimates); Shell Transport & Trading (SC: down $1.34 to $45.51, Research, Estimates); Texaco (TX: down $3.18 to $67.25, Research, Estimates);
Energy
Capstone Turbine (CPST: up $0.43 to $5.06, Research, Estimates); Repsol (REP: up $0.18 to $15.92, Research, Estimates); Suncor Energy (SU: up $1.24 to $30.00, Research, Estimates); Sunoco (SUN: down $0.89 to $36.95, Research, Estimates); Valero Energy (VLO: down $3.75 to $39.11, Research, Estimates).
Health care
Tenet Healthcare (THC: down $1.87 to $54.90, Research, Estimates); HCA-Healthcare (HCA: down $1.32 to $44.20, Research, Estimates); Health Management Association (HMA: down $0.92 to $19.05, Research, Estimates); Aetna (AET: down $0.79 to $28.14, Research, Estimates); Cigna (CI: down $3.26 to $85.51, Research, Estimates); Humana (HUM: down $0.45 to $10.90, Research, Estimates); Mid-Atlantic Medical Services (MME: down $0.50 to $19.50, Research, Estimates); Pacificare Health Systems (PHSY: down $0.55 to $13.50, Research, Estimates).
-- compiled by Staff Writer Joseph Lee and Alexandra Twin 
|
