JDSU and 2 Stocks Pulling the S&P 500 Higher
The S&P 500 (NYSE:SPY) is down today by a healthy 1.67% and stands at 1,239. Here are three well-performing stocks.
MetroPCS Communications (NYSE:PCS): Someone who bought this stock when it came aboard in 2007 has seen this stock lose 80% of its value. MetroPCS was up big in the premarket, and now is up 12.53% for the day.
JDS Uniphase (NASDAQ:JDSU): The FT1 report is positive, as the company provided positive guidance in the face of concerns about production related to the Thai flooding. (A source of Wall Street Cheat Sheet has just come back from Bangkok, and while the situation is grim for those affected, it is not as pervasive as reported in the media.) Optical component stocks are experiencing a nice rally. Positive information about customer inventory levels also helps. The stock is up 8.80%.
MasterCard (NYSE:MA): Increased transactions and dollar volumes both domestically and internationally has everybody buying into the stock today. MasterCard is up 7.32%. Dig Deeper: MasterCard Incorporated Earnings Cheat Sheet: Beats Analysts’ Estimates.
Investing Insights: Here’s Why the S&P 500 is Giving Investors Déjà Vu.