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10/15/12 8:53 PM

#69961 RE: langlui #69960

Monday’s biggest gaining and declining stocks
Citigroup, Clearwire, PulteGroup, Gold ETF, eBay, and Amazon tickers trending

Gainers

Citigroup Inc. C +5.50% was the best performer on S&P 500, closing 5.5% higher. The financial firm’s third-quarter profit fell 88% to $468 million as the bank took charges tied to the value of its debt and the sale of a stake in its brokerage joint-venture, but core revenue in its main businesses continued to improve.

PulteGroup Inc. PHM +5.06% was another big winner, gaining 5.1%, amid steady signs of improvement in the housing sector.

Clearwire Corp. CLWR +15.95% shares jumped 16% after Sprint Nextel Corp. S -0.70% agreed to sell a 70% stake in itself to Softbank Corp. JP:9984 +7.32% in a deal valued at $20.1 billion. Sprint owns a stake in Clearwire, a provider of wireless broadband services. Read details on Softbank’s purchase of a stake in Sprint

Workday Inc. WDAY +6.67% shares, which debuted on Friday, rose another 6.7% after soaring 74% on their first day of trading. Read about Workday’s wildly successful IPO


Decliners

Amedisys Inc. AMED -9.38% fell 9.4% after the company cut its revenue outlook under its new contract to provide home health services for Humana Inc. HUM -0.12% . The Baton Rouge, La., company expects revenue of about half of its past annual level of $65 million to $70 million.

MetroPCS Communications Inc. PCS -4.63% fell 4.6%, the worst performer on the S&P 500. MetroPCS, itself in the process of merging with T-Mobile USA, is one of the carriers that will have to compete against a stronger Sprint after its union with Japan’s Softbank is completed.
Top tickers trending

YHOO : Yahoo Inc. YHOO -1.26% shares slid 1.3% after analysts at Stifel Nicolaus lowered the online media company’s third-quarter earnings estimate to 23 cents a share from 28 cents a share. “Yahoo remains in transition, with a continued downward bias to estimates for the company’s core advertising business. Employee attrition in sales and other key business areas remains a problem, as does the company’s lack of mobile and social media strategy. We believe the new CEO and CFO are unlikely to offer financial guidance when the company reports next Monday,” said Stifel’s Jordan Rohan and his team in their research report.