At the Close: AMR Corp., DSW Inc. and MGM Resorts

AMR Corp. (NYSE:AMR) rallied 4.5 percent to $8.21 after climbing to $8.38, the highest intraday price since June 21. American Airlines parent company is a “top pick” among U.S. carriers, Jamie Baker, a JPMorgan Chase & Co. analyst said, adding the company will “turn a significant margin corner” in 2011.

DSW Inc. (NYSE:DSW) rose 3.9 percent to $34.89 after climbing to $35.94 earlier, the highest intraday price since August 2007. The footwear retailer raised its earnings forecast for the current fiscal year to a range of $2.20 to $2.30 a share on an adjusted basis. Analysts estimated $2 a share on average.

MGM Resorts International (NYSE:MGM) climbed 9 percent to $12.16 after advancing as much as 9.2 percent, the most intraday since Oct. 8. The biggest casino operator on the Las Vegas Strip reported a third-quarter loss that was in line with preliminary earnings. The company also said the CityCenter refinancing may be done this year and Aria should be profitable this quarter.

Source: Bloomberg.com