TradingMarkets Winners & Losers

These stocks are moving the markets right
now:

Leasing finance company, CIT Group
Inc.

(
CIT |
Quote |
Chart |
News |
PowerRating)
announced results for the second quarter, reporting
earnings that met Wall Street expectations as the company issued more loans and
customers defaulted less, offsetting higher borrowing costs, though the net
income slipped 5.3% (full
story
).

Inco Ltd.
(
N |
Quote |
Chart |
News |
PowerRating)
, a miner,
on Wednesday reported that earnings increased 113% in the second quarter, on the
strength of higher nickel and copper deliveries and an increase in realized
prices for nickel, copper and platinum group metals, which offset higher
production, energy and operating costs (full
story
).

JP Morgan
(
JPM |
Quote |
Chart |
News |
PowerRating)
said
its second quarter profit more than tripled as its investment bank and card
services divisions offset weak results in retail financial services (full
story
).

St. Jude Medical Inc.
(
STJ |
Quote |
Chart |
News |
PowerRating)
,
a manufacturer of cardiovascular and neuromodulation devices, revealed
second-quarter results, reporting an increase in adjusted net earnings that came
in above the analysts’ estimates by three cents, on a 15% increase in revenues,
helped by growth across all segments (full
story
).

Southwest Airlines Co.
(
LUV |
Quote |
Chart |
News |
PowerRating)

announced net income for the second quarter that more than doubled from last
year driven mainly by hedging and hike in fares apart from a 26% top line growth
or 17.5% per available seat mile (full
story
).

Mellon Financial Corp.
(
EMEL |
Quote |
Chart |
News |
PowerRating)
,
a banking and financial services company, revealed second quarter financial
results, reporting increased profit from continuing operations, driven by a
strong performance of asset management and asset servicing, partially impacted
by higher distribution expenses (full
story
).

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