S&P 500 Hits an All-Time Record and Deutsche Telekom AG May Raise Bid for MetroPC
NEW YORK, April 11, 2013 /PRNewswire/ --
Boosted by technology and financial shares, stocks climbed higher on Wednesday with the S&P 500 climbing to a new all-time intra-day high in midday trading. The index hit 1,585, breaking its high of 1,576 that was set in October 2007 before the financial crisis. Deutsche Telekom, the parent company of T-Mobile USA is considering raising its bid on MetroPCS Communications Inc. This is a deal that would merge the fourth- and fifth-largest cellphone carriers in the U.S.
Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run. http://www.TheStockFreak.com
Barrick Gold Corporation (NYSE: ABX) - Shares of ABX hit a new 52-week low on Wednesday of $24.26 after news revealed that a court in Chile suspended work at one of Barrick's mining projects, citing environmental concerns. The stock closed down roughly 8% yesterday.
Many mid or large cap stocks once started off as Penny stocks!
Suntech Power Holdings Co. Ltd. (NYSE: STP) - Suntech Power Holdings broke out on Wednesday after the Company said in a statement that judicial authorities in Switzerland had granted the moratorium to allow the unit, Suntech Power International Ltd, to restructure its debt. Shares hit as high as $0.75 in intra-day trading and closed up nearly 20%.
ADTRAN Inc. (Nasdaq: ADTN) - Shares of Adtra wear up nearly 15% in midday trading Wednesday. The Company reported fiscal Q1 profit and revenue that was above Wall Street's expectations. Volume traded yesterday was more than three times higher than average. Shares closed up nearly 14%.
Penny stocks can deliver sky-rocketing returns and are a popular choice among many investors.
Health Management Associates Inc. (NYSE: HMA) - Health Management Associates Inc. was one of the biggest decliners on the NYSE yesterday. Shares closed down about 16% after the Company revealed that it cut its outlook for 2013. Management now sees full-year operating EPS of $86-$0.95 on revenue of $6.8 billion-$7 billion compared to a prior view of $0.86-$1.01 and $7 billion-$7.2 billion, respectively.
Titan Machinery, Inc. (Nasdaq: TITN) - TITN shares closed down about 14% on Wednesday after the Company announced fourth quarter earnings below analyst estimates. Q4 earnings fell 13% to 73 cents, missing analyst estimates by 19 cents. The stock traded nearly 7 million shares, significantly above average.
To find similar research reports that are available for free follow the link below and sign up at http://www.TheStockFreak.com
Disclosure: TheStockFreak.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website.
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.