Deal Reportedly in Advanced Stages
Sprint Nextel is reportedly in advanced talks to be acquired by Japan's Softbank, according to the Wall Street Journal. That's propelling S higher by 18 percent in early trading. Leap Wireless International, which has also climbed on takeover speculation, advanced 3 percent as well.
Winnebago Earnings, Revenue Weaker than Expected
Winnebago Industries reported fourth-quarter earnings of $0.14 a share on revenue of $162.5 million. While that represented strong growth from last year, analysts had expected $0.17 of profit of $163 million of revenue. WGO falls 3 percent on my tradeMONSTER platform.
FedEx Gets More Positive Responses from Analysts
FedEx received more positive analyst chatter following plans to cut $1.7 billion in costs. Bank of America Merrill Lynch raised its price target to $113 from $108, while Standpoint Research upgraded the stock to "buy" from "hold." FDX climbs more than 1 percent in early trading.
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