U.S. stock markets rose, sending the S&P 500 Index (INDEXSP:.INX) to hit its best intraday advance in a month, as industrial output grew more than predicted and corporate earnings beat projections. There are more than 80 companies in the Standard & Poor’s 500 Index that are set to announce their results this week, according to data compiled by Bloomberg. Of the 50 companies in the benchmark index that have disclosed since Oct. 9, 37 reported profit that came in ahead of analyst estimates, the data showed.
Sprint Nextel Corporation (NYSE:S) is reportedly set to start selling the quad-core LG Optimus G smartphone on 11th of next month for $199.99 and a two-year contract, nine days following AT&T Inc. (NYSE:T) put its version on sale for the same price. The report claims that the Sprint LG Optimus G will feature a 13-megapixel rear camera as compared to the 8-megapixel rear camera in AT&T’s model.
In the last trading session, the stock’s price moved 20% above its 200 day moving average, changing hands as low as $5.67 per share. The stock is currently trading 55% down its SMA 50. The worst hit in its 52 week range is $2.10 per share, with $6.04 being the 52 week best price, which compares with a latest closing price of $5.69. The Beta of this stock is 1.13.
Intel Corporation (NASDAQ:INTC) shares were down after third-quarter results beat estimates but guidance was disappointing. The stock’s price increased in the last trading session with a previous 52-week high of $29.27.
The stock was trading on above-average volume. The stock traded at a volume of 80.52 million shares at a price gain of 2.85%. The share price is now down 17-13.97 for the past three months. Latest closing price was -7.33% below its 50-day moving average and -13.32% below its 200-day moving average.
Alpha Natural Resources, Inc. (NYSE:ANR) extended gains on Tuesday even after Nomura downgraded the stock to a “neutral” from “buy” rating. Over the last 12 months, a return on equity of -43.57 percent was realized due to the financial situation and earnings per share reached a value of -$13.36. Earnings are projected to move up 19.50 percent for the coming five years. The stock closed at $8.55, up 0.07 points or 0.83% from previous close and at a distance of 20.13% from 20-day simple moving average.
Abbott Laboratories (NYSE:ABT) reported today that its third-quarter net income surged as the health-care company recorded a double-digit decline in expenses that boosted margins, even as revenue moved down. The stock moved up 32.47% in this year and its price history showed most recently beta was at 0.44. Overall the last 12 months, the percentage change in the price was 35.46%, hitting the highest of $72.47 on Oct 16, 2012 while lowest level in that period was $52.05 on Nov 25, 2011.