HEADLINE STOCKS-U.S. stocks on the move on April 27
(Updates to afternoon trade, adds Limelight, Quidel,
Orient-Express, Syntel and Wabco)
NEW YORK, April 27 (Reuters) - Some U.S. stocks on the move
on on Monday:
VERIZON COMMUNICATIONS
Shares of the Dow component fell 1.5 percent to $30.54
after it reported its first-quarter results. [nN27350207]
GENERAL MOTORS
Shares of Dow component GM soared 20 percent to $2.02 after
it said it would make deep plant and employee cuts, as well as
eliminate its Pontiac brand, as it struggles to survive in a
difficult market. [nN27471653]
HUMANA INC
Shares of the health insurer rose 6 percent to $29 after it
reported an increase in its first-quarter profit and raised its
full-year earnings outlook. [nN24410859]
QUALCOMM INC
Shares of the cell phone chip supplier rose 4.8 percent to
$43.34 after it reported second-quarter results.
[nN27201084]
WHIRLPOOL CORP
Shares rose 12 percent to $45.65 after the appliance maker
reported first-quarter results. [nBNG470908]
CORNING INC
Shares of the specialty glass company rose 3.7 percent to
$15.90 after it reported adjusted first-quarter earnings that
beat expectations. [nN27491613]
OMNICOM GROUP
Shares of the advertising company rose 4.9 percent to
$30.80 after it reported first-quarter results.
[nN27451851]
LORILLARD INC
Shares of the cigarette company fell 0.3 percent to $62.43
after it reported first-quarter earnings that were lower than
expected. [nN27330833]
B.E. AEROSPACE
Shares of the supplier of aircraft interior products
tumbled 21 percent to $10.30 after it gave a full-year outlook
that was below consensus. [nBNG440080]
WELLS FARGO
Shares of the bank fell 4.3 percent to $20.49 after
Rochdale Securities analyst Richard Bove downgraded the stock
to hold. [nBNG412184]
NETFLIX
Shares of the online movie renter rose 7.8 percent to
$46.05 after Citi upgraded it to "buy."
HONEYWELL INTERNATIONAL
Shares of the company fell 2 percent to $30.81 after Citi
downgraded the diversified manufacturer to "hold" from "buy,"
saying earnings upside was limited in 2010.
ORIENT-EXPRESS HOTELS
Shares of the luxury hotel operator plunged 23 percent to
$6.80 after it gave a disappointing first-quarter outlook and
said one of its hotels breached a debt covenant; it also said
it plans a stock offering. [nBNG470872]
QUIDEL CORP
Shares gained 7.7 percent to $10.27 after Caris said the
maker of diagnostic tests was well positioned to benefit from a
potential swine flu pandemic scenario. [nWNAB8540]
LIMELIGHT NETWORK
Shares of the company gained 22 percent to $4.76 after a
U.S. court ruled in its favor in a long-running patent dispute.
[nBNG419778]
INVERNESS MEDICAL
Shares rose 11 percent to $30.76 after the maker of
diagnostic test reported first-quarter earnings that beat
expectations and affirmed its full-year outlook.
[nBNG217339]
WABCO HOLDINGS
Shares of the maker of vehicle control systems fell 12
percent to $15.78 after it posted a first-quarter loss and
suspended its dividend. [nBNG86737]
SYNTEL INC
Shares gained 15 percent to $26.80 after the information
technology services firm reported first-quarter results that
beat expectations and raised its 2009 earnings outlook.
[nBNG443959]
UAL CORP
CONTINENTAL AIRLINES
AMR CORP
US AIRWAYS
Shares of the four airlines plummeted after UBS downgraded
them to "neutral" from "buy." Airlines were also pressured as
investors feared a possible global flu outbreak might reduce
travel.
Continental dropped 14 percent to $11.43 while US Airways
dropped 18 percent to $3.96. AMR, the parent of American
Airlines, was down 14 percent to $4.65, and UAL, the parent of
United Airlines, lost 14 percent to $5.50.
ONYX PHARMACEUTICALS
Shares of the pharmaceutical company fell 3.1 percent to
$25.92 after it and its partner Bayer said their
Nexavar drug failed to work against skin cancer in a late-stage
study. [nLO616162]
UBS
U.S.-listed shares of the bank fell 0.5 percent to $12.44
after it replaced the head of its troubled investment banking
unit, naming Alex Wilmot-Sitwell and Carsten Kengeter co-heads
of the unit. [nLR29766]
AMERICAN INTERNATIONAL GROUP
Shares fell 2.7 percent to $1.42 after a source said the
insurer received second-round bids from three groups for its
aircraft leasing unit, valuing the division at less than $5
billion. [nN27500814]
GENERAL MILLS
Shares of the food company rose 1.3 percent to $49.37 after
Barron's wrote that the stock has a lot of upside potential,
and could advance from current levels of around $49 to the low
$60s in a year. [nN26488937]
(Reporting by Ryan Vlastelica; Editing by Leslie Adler)
((ryan.vlastelica@thomsonreuters.com; + 1 646-223-6014;
Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net))
Keywords: MARKETS STOCKS HEADLINES
.
Keywords: MARKETS STOCKS HEADLINES
(C) Reuters 2009. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.
nN27541569
WATCH/US
© Thomson Reuters 2009 All rights reserved



