HEADLINE STOCKS-U.S. stocks to watch on June 1

NEW YORK, June 1 (Reuters) - Some U.S. stocks to watch on
Monday:

GENERAL MOTORS CORP (GM.N)

The automaker filed for bankruptcy on Monday, forcing the
iconic company into an era of government ownership.
[ID:nN01398575]

Shares of the Dow component closed Friday at 75 cents.

PRUDENTIAL FINANCIAL INC (PRU.N)

The company said it would offer $1.25 billion of its common
stock, after turning down Federal aid from the U.S. Treasury's
Capital Purchase Plan. It intends to use the net proceeds from
the offering for general corporate purposes. [ID:nBNG444955]

Shares fell 0.3 percent to $39.79 in premarket trading.

MERCK & CO (MRK.N)

ASTRAZENECA (AZN.N) (AZN.L)

The two companies will test two early-stage cancer drugs
together, after preclinical evidence suggested that combining
the two targeted therapies could make them more effective.
[ID:nL1397283]

Shares of Merck, a Dow component, rose 0.5 percent to
$27.71 in premarket trading on Monday while AstraZeneca ADRs
rose 0.7 percent to $42.

GOLDMAN SACHS (GS.N)

The company was on Monday selling up to about $1.9 billion
worth of shares in Industrial and Commercial Bank of China at a
discount of 4 percent to 6 percent below its Monday closing
price, according to a term sheet. [ID:nHKG187228]

Shares rose 1.7 percent to $147 in premarket trading.

YAHOO INC (YHOO.O)

Barclays upgraded the Internet company to overweight from
equal weight, saying it was well positioned to benefit from a
rebound in branded advertising spending. [ID:nBNG442130]

Shares were up 2.7 percent in premarket trading at $16.25
after they closed Friday at $15.84.

PLAYBOY ENTERPRISES INC (PLA.N)

The media company may offer Scott Flanders, the president
of Freedom Communications, its vacant CEO post, according to a
report in the Wall Street Journal. [ID:nBNG353276]

Shares closed Friday at $3.33.

J.M. SMUCKER CO (SJM.N)

Barron's wrote that the company may be undervalued because
of its predictable cash flow and the strength of such popular
brands as Jif, Hungry Jack and Crisco. [ID:nN31405648]

Shares closed Friday at $40.26.

WMS INDUSTRIES (WMS.N)

Barron's wrote that shares of the gambling equipment maker
could fall, arguing that they were perfectly priced and that
any disappointment could knock them down 10 to 30 percent.
[ID:nN31350204]

Shares were trading 1.5 percent higher at $36 after closing
Friday at $35.47.

STRAYER EDUCATION INC (STRA.O)

Barron's wrote that investors might want to cover their
short positions in the company, after an analyst picked the
education firm as his top investment pick. [ID:nN31411257]

Shares were flat at $184.27 in premarket trading.

VARIAN MEDICAL SYSTEMS (VAR.N)

Barron's wrote that the company's stock could rise 25
percent, arguing that it had a security and inspection unit
that had growth potential. [ID:nN31389690]

Shares rose 2 percent to $36.50 in premarket trading after
closing Friday at $35.76.

HURCO COS INC (HURC.O)

The industrial technology company on Friday posted a
surprise second-quarter loss and revenue that was down 65
percent for the quarter. [ID:nWNAB4787]

Shares of the company were down 14.9 percent in premarket
trading at $12.22. They closed at $14.36 on Friday.

TORREYPINES THERAPEUTICS INC TPTX.O

The company's board approved a plan to liquidate the
company's assets, after considering potential strategic
alternatives. [ID:nBNG444370]

Shares closed at 31 cents on Friday.
(Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)