US Steel, Wal-Mart, Lululemon, Hovnanian among big market movers Friday

US Steel, Wal-Mart, Lululemon among big movers

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

NYSE:

United States Steel Corp., down $3.29 at $41.99

Goldman Sachs removed the company’s stock from its “Americas Conviction Buy list,” citing Europe’s debt woes and softening in prices.

Wal-Mart Stores Inc., down $1.32 at $50.40

The company is positioning itself for 20 years of worldwide growth and plans to hire a half-million employees over the next five years.

Hovnanian Enterprises Inc., down 37 cents at $4.90

Disappointment over quarterly home sales was compounded by an analyst report highlighting concerns over the company’s balance sheet.

Canadian Pacific Railway Ltd., down $2.46 at $54.79

An analyst lifted his investment rating and said a recent addition to its management team should help position the company for growth.

Target Corp., down $1.68 at $52.80

Target’s beefed up loyalty program should help the retailer’s credit card portfolio, an analyst said.

3Par Inc., down $1 at $9.98

An analyst cut his rating on the data storage company’s stock and said competition from larger companies is increasing.

NASDAQ:

Martek Biosciences Corp., up $3.12 at $22.37

A recent acquisition boosted the nutritional supplement maker’s second-quarter profit and sales far above analysts’ expectations.

Lululemon Athletica Inc., down $3.36 at $40.34

An analyst said the athletic clothing retailer could meet or exceed analyst estimates in the fiscal first quarter as revenue picked up.