S&P 500 Winners: Sears Holdings, SunTrust, and AMD

The S&P 500 (NYSEARCA:SPY) is down today by 0.27% and stands at 1,311. These three stocks are up huge on positive news.

Sears Holdings Corporation (NASDAQ:SHLD) shares are climbing on rumors the embattled retailer will be taken private by Eddie Lampert. At the very least, it’s scaring shorts to close their positions. SHLD shares recently traded at $48.43, up $5.08, or 11.72%. They have traded in a 52-week range of $28.89 to $94.79. Volume today was 5,167,529 shares versus a 3-month average volume of 1,493,590 shares. The company’s trailing earnings are $-3.38 per share.

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SunTrust Banks Inc. (NYSE:STI) Q4 profit was held down by $636 million in mortgage repurchase demands, a 45% jump. The bank confirms it is involved in Attorney General settlement talks, but they didn’t book a charge. Sanford Bernstein’s analysts say the repurchase losses were higher than expected, but they are manageable and the results are solid. STI shares recently traded at $21.18, up $0.94, or 4.64%. They have traded in a 52-week range of $15.79 to $33.14. Volume today was 10,914,375 shares versus a 3-month average volume of 7,931,760 shares. The company’s trailing P/E is 20.11, while trailing earnings are $1.05 per share.

Advanced Micro Devices (NYSE:AMD) appears to be following Intel’s lead once again: the chipmaker will reportedly respond to Intel’s much-hyped ultra book initiative by rolling out its own ultra book type platform, called Ultrathin, in May. AMD claims Ultrathin systems, which will be based on its upcoming trinity processors, will cost $100-$200 less than ultra books. AMD shares recently traded at $6.44, up $0.22, or 3.54%. They have traded in a 52-week range of $4.31 to $9.58. Volume today was 23,033,804 shares versus a 3-month average volume of 15,757,700 shares. The company’s trailing P/E is 4.57, while trailing earnings are $1.41 per share.

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