Unusual 11 Mid-Day Movers 10/8: HMY, PSPT, GFI, RBS Higher; XL, STEI, AA, LNN Lower

October 8, 2008 12:40 PM EDT

XL Capital (NYSE: XL) 38% LOWER; Goldman Sachs removed XL Capital from its Conviction Buy List this morning.

Harmony Gold Mining Co. Ltd. (NYSE: HMY) 28.3% HIGHER; Gold is about $23 higher today as the flight to safety trade continues.

Stewart Enterprises (Nasdaq: STEI) 26.7% LOWER; Service Corporation International (NYSE: SCI) withdraws its previous proposal of $11 per share for Stewart Enterprises.

PeopleSupport, Inc. (Nasdaq: PSPT) 22.7% HIGHER; yesterday announced the closing under the merger agreement by which Essar Services will acquire PeopleSupport is expected to take place no later than October 31, 2008.

Alcoa Inc (NYSE: AA) 16.9% LOWER; reports Q3 EPS of $0.33, or $0.37 ex-items, versus the analyst estimate of $0.54. (The earnings included a $0.06 negative impact from currencies) Revenues for the quarter were $7.2 billion, versus the consensus of $7.23 billion. Suspends share buyback.

Gold Fields (NYSE: GFI) 15.7% HIGHER; see Harmony Gold.

Lindsay Corporation (NYSE: LNN) 14.7% LOWER; reports Q4 EPS of $0.90, versus the analyst estimate of $0.70. Revenues for the quarter were $147.2 million, versus the consensus of $111.91 million.

General Motors (NYSE: GM) 12.7% LOWER; Citi downgraded GM from Hold to Sell this morning and cut estimates on the car-maker's suppliers.

Royal Bank of Scotland (NYSE: RBS) 8.7% HIGHER; correcting today after falling more than 50% yesterday.

Monsanto (NYSE: MON) 7.3% HIGHER; reports a Q4 adjusted-loss of $0.03, 6 cents better than the analyst estimate of ($0.09). Revenues for the quarter were $2 billion, versus the consensus of $1.92 billion. Sees FY09 EPS guidance of $4.20-$4.40, versus the consensus of $4.62.

MGM MIRAGE (NYSE: MGM) 6.4% HIGHER; casino & gaming stocks are extremely volatile today on the back of the worldwide rate cut announcement.


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Stocks Mentioned

AA 9.76

+0.45 +4.83%
Volume: 21,725,859
Track AA

GFI 7.50

+0.74 +10.95%
Volume: 8,997,823
Track GFI

GM 4.85

+0.26 +5.66%
Volume: 37,410,519
Track GM

HMY 8.17

+0.92 +12.69%
Volume: 2,370,317
Track HMY

LNN 31.76

-2.46 -7.19%
Volume: 484,579
Track LNN

MGM 11.00

+0.41 +3.87%
Volume: 2,545,799
Track MGM

MON 73.86

+2.71 +3.81%
Volume: 7,000,898
Track MON

PSPT 11.90

+0.00 +0.00%
Volume: 2,930
Track PSPT

RBS 18.93

+3.36 +21.58%
Volume: 371,603
Track RBS

SCI 5.12

-0.02 -0.39%
Volume: 2,503,151
Track SCI

STEI 2.98

+0.11 +3.83%
Volume: 358,642
Track STEI

XL 4.74

+0.80 +20.30%
Volume: 7,739,043
Track XL


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