Monday's Financial Winners & Losers

Stock quotes in this article: NFI , AXS , CCRT , UNH , NDAQ  

Nasdaq Stock Market (NDAQ Quote) shares were up after the exchange took a more aggressive stance in its hostile $5.2 billion bid to buy the London Stock Exchange. Nasdaq told LSE shareholders that the value of their investment may fall sharply if the LSE continues to rebuff the offer. Nasdaq also threatened that it might sell off its 29% LSE stake in the face of rejection, which, it warned, would put pressure on the LSE's share price. Nasdaq was gaining 41 cents, or 1.2%, to $33.51.

UnitedHealth Group (UNH Quote) gained after the Minnesota-based insurance giant reiterated its prior 2007 earnings estimates of between $4.14 billion and $4.16 billion on $79.5 billion in revenue. Analysts polled by Thomson Financial are looking for revenue of $78.5 billion. Shares were adding 76 cents, or 1.5%, to $53.31.

Axis Capital Holdings (AXS Quote) rose after a Citigroup analyst upped the insurer's rating to hold from sell. Shares were climbing 28 cents, or 0.9%, to $32.73.

CompuCredit (CCRT Quote) dropped after the Georgia-based lender lowered its fourth-quarter earnings forecast to 20% below its previous outlook of 50 cents a share. Analysts are seeking 51 cents a share. The company added that its 2007 outlook remains unaffected, but shares were losing $1.87, or 4.7%, to $37.55.

NovaStar Financial (NFI Quote) tumbled after an analyst with JMP Securities downgraded the mortgage company to market-perform from outperform. Shares were down $1.35, or 5.4%, to $23.77.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,328.89 1,102.47 2,211.69 35.46
Oil *
73.88
UP
20.63
UP
6.40
UP
31.64
UP
0.59
10 Yr
3.55%
SPDR Gold
108.95
+0.20%
+0.58%
+1.45%
+1.69%
Data delayed 20 minutes

More From TheStreet

Latest Headlines

Brokerage Partners

TheStreet Premium Services

All Services