On the Move: Toll Brothers Rise 3.3%; J.C. Penney Drops 5.6%; Norfolk Rises 2.6%

Norfolk Southern (NSC), Toll Brothers (TOL) and J.C. Penney Co. (JCP) are just some of the stocks moving during today’s market action: Here's a rundown:

Toll Brothers rose 3.3% to $33.29 after the home builder posted better-than-expected revenue for the quarter ended Oct. Sales surged 29% to $1.35 billion, lifted by strong demand in the home builder’s West Coast division to top the $1.31 billion expected by analysts. Leucadia National (LUK) has been among the worst performers of the S&P's 85 financial stocks. Today, the shares gained 1.4% to $24.13 after Barron's editor Andrew Bary referred to the company as "A Mini-Berkshire At a Bargain Price." The stock has been hurt by low returns outside Jefferies, the investment bank it bought early y last year. Still, many of its other business arte valuable, including Berkadia, a 50/50 joint venture with Berkshire How about the real Berkshire Hathaway (BRK.B)? Warren Buffett’s holding company rose 0.75% to $144.68 after it posted Friday a drop in profit tied to an investment loss. Still, results overall beat expectations as the company's railroad arm and other units continued to ride a rebounding U.S. economy. J.C. Penney dropped 5.6% to $7.38 after Barron's writer Jack Hough warned readers that the troubled retailer may have set unrealistic financial goals. At its Oct. 8 analyst day, Penney set a goal of $1.2 billion in earnings before interest, taxes, depreciation, and amortization, by 2017, or close to four times this year's estimate. To get there, requires lifting sales at longstanding stores by 5.4% a year, boosting gross margins, and holding spending flat. Norfolk Southern surged 2.6% to $115.89 after Barron's writer Robyn Goldwyn Blumenthal weighed in bullishly on the stock amid merger talks within the railroad industry. Talks have circulated of a deal between Canadian Pacific (CP) and CSX (CSX) but fell apart last week. On Friday, hedge fund manager Bill Ackerman speculated that Canadian Pacific was could buy another rival. The next day, Blumenthal argued that regardless of Canadian Pacific's intentions, Norfolk is the better bet for investor due to valuation and future growth opportunities. McDonald’s (MCD) rose 0.3% to $95.13 Monday after the restaurant chain said its October sales held up better than expected with global sales dropping 0.5% in October to beat the 2.2% decline analysts were expecting. Sotheby’s (BID) rose 4.8% to $41.36 after its third-quarter loss narrowed as the auction house benefited from lower costs and a higher tax benefit that offset a decline in revenue. WhiteWave Foods (WWAV) dropped 3.2% to $35.75 after the food company reported a 34% rise in revenue during the third quarter, boosted by its Earthbound Farms acquisition and sales in Europe.