This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: Sprint, Citigroup

NEW YORK -- Softbank reached a deal Monday to acquire a 70% stake in Sprint Nextel (S) for $20.1 billion.

The deal is expected to be completed by the middle of 2013.

Sprint is the No. 3 wireless provider, behind AT&T (T) and Verizon Wireless. The deal will give Sprint more capital to use to compete against its much bigger rivals.

Softbank Reaches Deal to Buy Sprint for $20.1B


Citigroup (C - Get Report), the third-largest U.S. bank, is expected by analysts Monday to report third-quarter earnings of 96 cents a share on revenue of $18.7 billion.

The estimates exclude the previously disclosed $2.9 billion writedown of the bank's 49% stake in Morgan Stanley Smith Barney. Accounting gains/losses stemming from the revaluation of the bank's debt (DVA/CVA) have also been excluded from earnings forecasts.

Citigroup's Bottom Line Needs a Housing Bottom


Amazon.com (AMZN - Get Report) is in advanced talks to buy the mobile chip business of Texas Instruments (TXN), according to Calcalist, an Israeli financial newspaper.


Discount broker Charles Schwab (SCHW - Get Report) is seen earning 17 cents a share in the third quarter on revenue of $1.2 billion.


Gannett (GCI - Get Report), the publisher of USA Today, is expected by analysts Monday to earn 53 cents a share in the third quarter on revenue of $1.29 billion.


WD-40 (WDFC) is expected to report quarterly profit of 70 cents a share on revenue of $95.5 million.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AMZN $445.10 0.00%
C $52.90 0.00%
GCI $35.73 0.00%
SCHW $30.12 0.00%
S $5.27 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs