Citi Commercial Bank Helps Finance KickStart International and 2 More Heavily Traded Stocks to Follow
Citigroup Inc. (NYSE:C): Current price $51.64
On Monday, Microfinance and Citi Commercial Bank reported $2 million in financing in support of the non-profit social enterprise KickStart International, which designs, makes, and sells high quality, inexpensive irrigation pumps for smallholder farmers in Sub-Saharan Africa. Along with support from the Skoll Foundation, the loan will be the first from Citi aimed towards the social enterprise sector, and will specifically support smallholder farmers in Sub-Saharan Africa, where farm yields are among the lowest on earth.
Sprint Nextel Corp. (NYSE:S): Current price $5.74
On Tuesday, certain analysts think that Spring will post a second quarter loss in excess of 1.5 million subscribers, including over 900,000 postpaid customers having service contracts, along with a wider earnings per share loss, as it closes the Nextel iDEN wireless network. Analysts polled by Thomson Reuters calculate that the carrier will report a loss of 30 cents per share, up from a 7-cent loss year-over-year, and that revenue will slide by 1.3 percent to $8.72 billion.
Health Management Associates Inc. (NYSE:HMA): Current price $14.92
Wells Fargo analysts believe that the recent sell-off of Health Management is not warranted, and creates a buying opportunity. However, they also think that Health Management will lose its proxy fight, which will likely prove to be a catalyst for buying its shares. It might also mean that several suitors will at least think about buying Health Management, with the most probable suitor being Community Health Systems.