HEADLINE STOCKS-U.S. stocks to watch on April 28
NEW YORK, April 28 (Reuters) - Some U.S. stocks to watch on Tuesday:
BANK OF AMERICA (BAC.N)
CITIGROUP (C.N)
Shares of the banks tumbled in premarket trade on Tuesday, after the Wall Street Journal reported that the banks were told they may need to raise more capital, following stress tests of their ability to withstand the economic crisis. [ID:nBNG118035]
BofA was down 10.9 percent to $7.95 in premarket trade while Citigroup was down 7.5 percent to $2.84.
PFIZER INC (PFE.N)
Shares of Pfizer rose 0.8 percent to $13.60 in premarket trade on Tuesday, after the pharmaceutical company reported first-quarter earnings that beat expectations. [ID:nN27318686]
OFFICE DEPOT (ODP.N)
The office supplies retailer swung to a net loss as consumers and small businesses reduced their spending on large-ticket items. [ID:nBNG453522]
Shares closed Monday at $2.53.
SL GREEN REALTY CORP (SLG.N)
The office landlord reported funds from operations that rose from the prior year but were below expectations. [ID:nN27399516]
The stock closed Monday at $19.26.
MCGRAW-HILL COS (MHP.N)
The publishing company reported first-quarter earnings that beat expectations. [ID:nN28291650]
The stock closed Monday at $29.03.
LAZARD LTD (LAZ.N)
The merger advisor swung to a first-quarter loss, hurt by charges related to job cuts and and business changes amid a market slump that has slowed business activity. [ID:nN23315445]
Shares of Lazard closed Monday at $31.29.
FRESH DEL MONTE PRODUCE (FDP.N)
The fruit and vegetable company reported first-quarter earnings that were below expectations. [ID:nBNG89394]
The stock closed Monday at $17.03.
FOREST OIL CORP (FST.N)
Jefferies downgraded the company to hold from buy, citing valuation. [ID:nWNAB9007]
The stock closed Monday at $16.35.
AMERICAN EXPRESS (AXP.N)
AmEx and German insurer Allianz have raised a combined $1.9 billion through the sale of shares in Chinese bank ICBC. The stock was sold for a 4 percent discount to Monday's closing pricing, a source with direct knowledge of the deal said on Tuesday. [ID:nHKG83559]
Shares of AmEx, a Dow component, closed Monday at $24.23.
U.S. STEEL (X.N)
The company late Monday cut its dividend by 83 percent and set an 18 million share issue and a $300 million senior convertible notes sale in a move to pay down debt. [ID:nN27522286]
Shares closed Monday at $27.71.
INVESCO (IVZ.N)
The money managing company and investor Wilbur Ross are leading a group that is committing $1 billion to buy toxic bank loans and securities through the U.S. government's Public-Private Investment Program. [ID:nN27523139]
Shares closed at $13.98 on Monday.
PAREXEL INTERNATIONAL CORP (PRXL.O)
The company raised its 2008 earnings outlook. [ID:nBNG451078]
Shares rose 18 percent in trading after the bell.
BIOCRYST PHARMACEUTICALS INC (BCRX.O)
Shares of the pharmaceutical company rose 11 percent to $4.30 in premarket trade after Leerink Swann said the company's drug Peramivir would likely be effective against swine flu strain. [ID:nWNAB8579]
RENT-A-CENTER INC (RCII.O)
The furniture and appliance rental company posted better-than-expected quarterly profit but also forecast revenue below estimates. [ID:nBNG453603]
Shares fell 7 percent after the bell.
GRAND CANYON EDUCATION INC (LOPE.O)
The education company reported quarterly earnings that beat expectations and raised its full-year outlook. [ID:nBNG467176]
Shares rose 4 percent in after-market trade.
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