Stocks in Downward Trend (GME, MPEL, SU, WNC)

Los Angelas, CA -- (SBWIRE) -- 02/06/2013 -- GameStop Corp. (NYSE:GME) rallied again in an extended move traced back to a glowing report issued last week from Piper Jaffray. Shares are up close to 16% since the firm called out the GameStop to see a strong H1 with the software release schedule looking promising. In an interview with Bloomberg, GameStop President Tony Bartel says the firm is starting a mobile development arm to help fund projects and denies rumors circulating around that it will close hundreds of stores. Shares of GME were up 6.20%.

GameStop Corp. is a holding company. GameStop is a multichannel video game retailer. It sells new and used video game hardware, physical and digital video game software, accessories, as well as personal computer (PC) entertainment software and other merchandise.

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Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) decreased 4.60% to $19.65 in the pre-market trading hours. The Company announced unaudited financial results for the fourth quarter of 2012. Net revenue for the fourth quarter of 2012 increased 9% to $1,101.8 million. The adjusted EBITDA was $247.5 million for the fourth quarter of 2012, as compared to adjusted EBITDA of $231.6 million in the fourth quarter of 2011. The net income attributable was $108.0 million or $0.20 per ADS compared to net income of $107.5 million or $0.20 per ADS in the fourth quarter of 2011.

Melco Crown Entertainment Limited is a holding company. The Company, along with its subsidiaries, is engaged in the gaming and hospitality business.

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Suncor Energy Inc. (USA) (NYSE:SU) slipped 4.05% to $33.13. The Company released fourth quarter results. The operating earnings were $1.000 billion or $0.65 per common share compared to $1.427 billion or $0.91 per common share in the fourth quarter of 2011. Cash flow from operations was $2.235 billion or $1.46 per common share compared to $2.650 billion or $1.69 per common share in the fourth quarter of 2011. The net loss was $562 million or $0.37 per common share compared to net earnings of $1.427 billion or $0.91 per common share in the fourth quarter of 2011.

Suncor Energy Inc. is an integrated energy company. The Company explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally, and it transports and refines crude oil and market petroleum and petrochemical products primarily in Canada.

How Should Investors Trade SU After The recent Earnings Report? Find Out Here

Wabash National Corporation (NYSE:WNC) shares climbed 3.63% and closed at $10.85. The company, yesterday, reported year-over-year and sequential improvement across a number of financial and operating metrics. The Company reported net income of $80.2 million, or $1.16 per diluted share for the fourth quarter of 2012 on net sales of $416 million. The fourth quarter results included a $59.0 million, or $0.86 per diluted share, income tax benefit primarily related to the reversal of the Company’s valuation allowance against its net deferred tax assets.

Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck trailers and related transportation equipment.

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