Morning Movers 10/20: ING Higher On Cash Infustion; Prudential (PRU) Lower On Downgrade

October 20, 2008 9:36 AM EDT

StreetInsider.com Morning Movers:

HLTH Corporation (Nasdaq: HLTH) 22% LOWER; HLTH Corporation and WebMD Health Corp. (Nasdaq: WBMD) Announce Termination of Merger Agreement

Syneron Medical (Nasdaq: ELOS) 12% LOWER; sees Q3 EPS between $0.11 and $0.13, versus the analyst estimate of $0.27. Syneron sees revenues for the quarter between $29 million to $30 million, versus the consensus of $36 million.

ING Groep NV (NYSE: ING) 10% HIGHER; largest Dutch financial firm received a 10 billion Euro cash infusion from the Netherlands.

Halliburton Company (NYSE: HAL) 8% HIGHER; Tops Q3 EPS by 2c

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) 7% HIGHER; Goldman upgrades to Buy

Prudential Financial Inc. (NYSE: PRU) 6.7% LOWER; Goldman downgrades to Sell

SunPower Corporation (Nasdaq: SPWRA) 5% HIGHER; Societe Generale upgrades to Hold

Applied Materials Inc. (Nasdaq: AMAT) 4% HIGHER; Goldman upgrades to Buy

Monster Worldwide, Inc. (Nasdaq: MNST) 3% LOWER; Citi downgrades to Hold

Eaton (NYSE: ETN) 3% LOWER; reports Q3 earnings of $1.95 per share, ex-items, above the consensus of $1.88. Revenues came in at $4.11 billion, versus the consensus of $4.15 billion. Sees Q4 EPS of $1.70-$1.80 versus the consensus of $1.91. Sees FY08 EPS of $7.45-$7.55 versus the consensus of $7.60.

MetLife, Inc. (NYSE: MET) 2.4% LOWER; Goldman downgrades to Neutral

Kraft Foods Inc. (NYSE: KFT) 2% HIGHER; UBS upgrades to Buy

Hormel Foods Corporation (NYSE: HRL) INDICATED LOWER; cuts its FY08 EPS guidance from $2.22-$2.28 to $2.03-$2.09, versus the Street estimate of $2.25


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AMAT 12.19

+0.04 +0.33%
Volume: 5,968,862
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ELOS 9.10

+0.00 +0.00%
Volume: 18,201
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ETN 63.15

-0.71 -1.11%
Volume: 176,017
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HAL 28.73

-0.35 -1.20%
Volume: 2,062,376
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HLTH 15.23

+0.00 +0.00%
Volume: 577,416
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HRL 39.24

+0.00 +0.00%
Volume: 57,482
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ING 8.84

+0.04 +0.45%
Volume: 931,582
Track ING

KFT 28.89

-0.01 -0.03%
Volume: 2,716,500
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MET 34.76

-0.39 -1.11%
Volume: 1,222,189
Track MET

MNST 12.01

+0.00 +0.00%
Volume: 7,358,699
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PRU 48.25

-0.11 -0.23%
Volume: 554,095
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SPWRA 19.01

-0.54 -2.76%
Volume: 211,056
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WBMD 38.63

-0.12 -0.31%
Volume: 15,220
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YGE 12.20

-0.50 -3.94%
Volume: 1,208,383
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