Shares of Brightpoint (CELL), the provider of solutions to the wireless technology industry, are soaring 15% after the company reported a second-quarter profit of $11.8 million, 18 cents a share, compared with $7.Shares of Annaly Capital Management (NLY), the largest U.S. mortgage REIT by market value, are down another 4% today as the debate on Capitol Hill to extend the U.S. debt ceiling drags on, approaching the August 2nd deadline.
During the last week, the world was given more clarity on the Greek debt crisis. Investors returned to international banking stocks as a way to bet on the turn around in Europe.
Shares of Suncor Energy (SU), Canada’s largest oil company by market value, are down 2% after the company said its second-quarter profit rose just 4%, lagging well behind the profit increases posted thus far by U.S. and European oil majors.
Shares of LDK Solar Company (LDK) are up more than 4% after the company announced it signed contracts to provide solar modules to two leading electric power companies in China.
Shares of Sify Technologies (SIFY), the Indian provider of business and consumer Internet services, are soaring 19% after the company reported a second-quarter EBITDA profit of $2.8 million compared with $510,000 a year earlier as revenue climbed to $50.
It was a relatively solid day of earnings, but stocks got the biggest lift on news that Germany and France had reached an agreement to significantly increase the size of the Eurozone’
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