Mon Movers-— Apple Inc. rallied 3% on Monday after a leaked document reportedly indicated that it may launch iPhone 5S earlier than anticipated.
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$AAPL: Apple AAPL +3.10% shares advanced for a third day on speculation that iPhone 5S could roll out as early as July. Several news outlets are citing a document, purportedly leaked from KDDI, which showed that the Japanese carrier will begin taking preorders for the new iPhone in June for a July launch.
However, analysts at Credit Lyonnais Securities Asia rejected the chatter. “No way. Component suppliers are only beginning to ramp production in June/July. Phone will not hit until late summer/early fall,” they said in a note.
Apple has to yet respond to a request for comment.
$GOOG: Google Inc. GOOG -0.05% gained over 2% as it made another inroad into enemy territory. Google Now, a popular personal assistant app, is now available on rival Apple’s iPhone and iPad.
$HLF: Herbalife HLF +0.13% rose 1.3% ahead of its quarterly results. After the closing bell, the nutritional product company at the center of a bitter spat between Carl Icahn and Bill Ackman said it earned $1.10 a share, above analysts’ forecast of $1.07 a share. The better-than-expected earnings extends Herbalife’s streak of beating Wall Street’s expectations to 17 straight quarters.
Gainers
Actavis Inc. ACT +4.60% shares came off intraday highs to close 4.6% higher. Last Friday, the specialty pharmaceutical company said it reached a deal with Purdue Pharma to settle outstanding patent litigation related to its generic version OxyContin.
Conceptus Inc. CPTS +19.54% shares soared 20%. Bayer AG on Monday agreed to buy Conceptus for about $1.1 billion in cash and expects to close the deal by the middle of the year. The company’s main product is a hormone-free form of permanent birth control called Essure. Conceptus also said Monday it posted a profit in the first quarter.
Moody’s Corp. MCO +8.29% shares jumped 8.3%. Moody’s, along with its rival Standard & Poor’s Ratings Services, settled a lawsuit with investors led by Abu Dhabi Commercial Bank, who had claimed that Moody’s and S&P inflated ratings on two investment vehicles that they had purchased, The Wall Street Journal reported Friday. Shares of McGraw-Hill MHP +2.79% , which owns S&P, are up 2.8%. Analysts believe the settlement was an important step for the firms as it relieves them of continuing legal distractions.
Tenet Healthcare Corp. THC +0.07% shares surged 6.5%. The health-care services company is slated to report first-quarter results on Tuesday. Analysts surveyed by FactSet expect it to earn 64 cents a share.
Decliners
Expedia Inc. EXPE -4.27% shares fell 4.3%, among the biggest decliners in the S&P 500 SPX +0.72% . Expedia is being pressured by challenges at Hotwire, which is facing more competition.
Gannett Co. GCI +0.40% shares fell 2.6%. The company, which publishes USA Today, said last week first-quarter profit rose as digital revenue in its publishing segment surged but advertising revenue fell 4.5%.
Roper Industries Inc. ROP -3.75% shed 3.8%, weighing on the S&P 500. The technology company on Monday reported its first-quarter profit rose 15%, but revenue came in at $737.1 million, below the $777 million projected by analysts in a Thomson Reuters poll.
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