Here are three stocks the Yahoo Finance Team will be watching today.
First up, we'll start with two stocks, Sprint and T-Mobile. Sprint was up more than 4% in pre-market trading, while T-Mobile was down more than 4% at one point Monday morning, and both stocks look to be movers on news that Sprint may try to takeover T-Mobile. The Wall Street Journal reports that Sprint is thinking of placing a bid on its smaller rival sometime early next year. A merger of the companies would create a formidable opponent for the much larger competitors AT&T and Verizon. But a merger would likely face tough opposition from antitrust authorities, because of worries that consumers could suffer without a fourth national competitor. On Friday, Sprint closed up 3.44% and T-Mobile jumped close to 8.7% on the news - and Sprint especially was the most actively traded stock after hours according MarketWatch. Sprint and T-Mobile have seen strong gains this year, with Sprint up over 34% and T-Mobile up over 42% year-to-date.
Next up, FuelCell Energy (FCEL). The company is expected to report earnings today. It is expected to post a loss of -$0.03 a share, which is up from last year's loss of -$0.05. Revenues though are expected to rise 26.6% to $44.83 million. FuelCell stock is up 89% this year, and revenue has been growing, but the company has still yet to make a profit. This is a heavily shorted stock according to data on Yahoo Finance.
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