MetroPCS and 2 Stocks Catching a Bid on the S&P 500

The S&P 500 (NYSEARCA:SPY) is up today by 0.09% and stands at 1,258. Here are three of the biggest winning stocks:

MetroPCS Communications Inc. (NYSE:PCS), the pay-as-you-go wireless carrier, has experienced a “very significant” decrease in churn, or the rate at which it loses customers, said Chief Financial Officer Braxton Carter. The company’s churn climbed to 4.5% in the third quarter, up from 3.8% a year earlier and 3.9% in the second quarter. PCS shares recently traded at $8.94, up $0.59, or 7.07%. They have traded in a 52-week range of $7.51 to $18.79. Volume today was 4,799,060 shares versus a 3-month average volume of 5,489,520 shares. The company’s trailing P/E is 14.61, while trailing earnings are $0.61 per share.

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Eli Lilly & Co. (NYSE:LLY) increased to a one-month high following an analyst’s comment that the impressive performance of the company’s experimental Alzheimer’s drug could cause share prices to double. LLY shares recently traded at $38.88, up $1.47, or 3.93%. They have traded in a 52-week range of $33.46 to $39.78. Volume today was 10,903,368 shares versus a 3-month average volume of 8,224,120 shares. The company’s trailing P/E is 9.30, while trailing earnings are $4.18 per share.

Novellus (NASDAQ:NVLS) estimates and price targets were raised at Credit Suisse. Credit Suisse says share targets for NVLS are up to $42. Estimates also jumped in accord with the company’s new guidance with an Outperform rating. NVLS shares recently traded at $36.54, up $0.94, or 2.64%. They have traded in a 52-week range of $25.95 to $41.82. Volume today was 1,647,649 shares versus a 3-month average volume of 1,831,500 shares. The company’s trailing P/E is 10.44, while trailing earnings are $3.50 per share.

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