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

Tesla Triumphs, Groupon Climbs: Tech Winners & Losers (Update 1)

Shares of T-Mobile (TMUS - Get Report) jumped 4.71% to $25.14 after beating second quarter estimates.

The number 4 US carrier sold 4.3 million smartphones, totaling 83% of its total phone sales, up from 71% in the same quarter 2012. Revenues rose 27.5% from a year ago to $6.22 billion, beating analysts' expectations by over $200 million.

T-Mobile gained 688,000 new post-paid subscribers, nearly quadrupling Wall Street's expectations, and over 1 million total subscribers in the quarter. These results stood in sharp contrast to last year's loss of 557,000 customers. Rivals AT&T (T) and Sprint (S) added 550,000 subscribers and lost 1.045 million, respectively, this quarter.

"This is not a onetime blip," CEO John Legere said in a call with investors. "Customers are responding extremely well to the moves we are making."

Closing prices: TSLA jumped 14.4% to $153.48, GRPN blasted 21.6% higher to $10.60 and TMUS rose 4.1% to $25.

-- Written by Laura Berman in New York
2 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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
GRPN $4.65 -3.50%
TMUS $41.33 1.60%
TSLA $259.64 -2.40%
AAPL $118.07 -2.70%
FB $94.06 0.05%

Markets

Chart of I:DJI
DOW 17,579.09 -110.77 -0.63%
S&P 500 2,091.77 -12.07 -0.57%
NASDAQ 5,100.2080 -28.0730 -0.55%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs