HEADLINE STOCKS-U.S. stocks on the move on June 4

Thu Jun 4, 2009 1:47pm EDT
 
[-] Text [+]
 (Updates to afternoon trade, adds Signet, Fifth Third,
Novavax, Travelers, Anadys, Saks, Wet Seal, Abercrombie, Ross
Stores, TJX and Buckle)
 NEW YORK, June 4 (Reuters) - Some U.S. stocks on the move
on Thursday:
 JOHNSON & JOHNSON (JNJ.N)
 The company said it was "very optimistic" about the future
of its pharmaceutical unit and detailed plans to address five
therapeutic areas. [ID:nN0493662]
 Shares of the Dow component slid 0.8 percent to $55.70.
 WAL-MART STORES INC (WMT.N)
 The discount retailer said it would add more than 22,000
jobs in its U.S. namesake stores in 2009, pointing to lower
growth compared with this year. [ID:nN03123661]
 Shares slid 0.1 percent to $50.81.
 FIFTH THIRD BANCORP (FITB.O)
 The bank expects to more than fill a $1.1 billion capital
shortfall found by U.S. regulators. It also said it would focus
on repaying federal bailout money.
 The bank sold $1 billion of common stock, $250 million more
than planned, at an average $6.33 per share. It said this sale,
plus other actions available to it, could generate an
additional $2 billion of Tier 1 common equity. [ID:nN04212234]
 The stock rose 8.4 percent to $7.06.
 COSTCO WHOLESALE CORP (COST.O)
 The retailer reported a drop of 7 percent in its May
same-store sales when fuel is included. Comparable sales were
up 1 percent excluding fuel. [ID:nBNG109510]
 Shares fell 1.7 percent to $47.67.
 AMERICAN EAGLE OUTFITTERS INC (AEO.N)
 The retailer reported a drop of 7 percent in its May
same-store sales. [ID:nWNAB6602]
 Shares fell 1 percent to $15.04.
 AEROPOSTALE INC (ARO.N)
 The retailer reported an increase of 19 percent in its May
same-store sales. [ID:nWNAB6629]
 Shares were flat at $36.61.
 GAP INC (GPS.N)
 The retailer reported a drop of 6 percent in its May
same-store sales. [ID:nWNAB6611]
 Shares sank 7.5 percent to $16.86.
 SAKS INC (SKS.N)
 The luxury retailer reported a drop of 26.6 percent in May
same-store sales. [ID:nWNAB6646]
 Shares fell 0.7 percent to $4.02.
 THE BUCKLE INC (BKE.N)
 The retailer reported an increase of 13.4 percent in its
May same-store sales. [ID:nWNAB6559]
 Shares fell 2.7 percent to $35.11.
 TJX COMPANIES INC (TJX.N)
 The company forecast a drop of 3 percent to 5 percent in
its June same-store sales. [ID:nWEN0057]
 Shares fell 1 percent to $30.42.
 ROSS STORES INC (ROST.O)
 The retailer reported an increase of 4 percent in its May
same-store sales. [ID:nWNAB6653]
 Shares fell 3.4 percent to $38.71.
 ABERCROMBIE & FITCH CO (ANF.N)
 The retailer reported a drop of 28 percent in its May
same-store sales. [ID:nWNAB6618]
 Shares tumbled 10 percent to $28.41.
 WET SEAL INC (WTSLA.O)
 The retailer reported a drop of 8.4 percent in its May
same-store sales. [ID:nWNAB6557]
 Shares rose 6.7 percent to $3.20.
 TARGET CORP (TGT.N)
 The company reported a drop of 6.1 percent in its May
same-store sales. [ID:nWNAB6640]
 Shares fell 1.2 percent to $40.46.
 ANADYS PHARMACEUTICALS INC (ANDS.O)
 The company said it would cut 40 percent of its work force
and suspend the development of a drug being studied in
hepatitis C and cancer. [ID:nBNG417562]
 Shares sank 5.4 percent to $1.93.
 TRAVELERS COS INC (TRV.N)
 The insurance company raised its 2009 operating earnings
outlook by 5 cents a share. [ID:nN04220433]
 Shares rose 1.3 percent to $43.25.
 SIGNET JEWELERS LTD (SIG.N)
 The jewelry retailer reported first-quarter earnings that
rose from the prior year, helped by cost cutting, and a drop of
7.3 percent in its quarterly sales. [ID:nN03457994]
 Shares rose 2.4 percent to $19.85.
 NOVAVAX INC (NVAX.O)
 The company signed a deal with the National Institutes of
Health to jointly evaluate a vaccine for the H1N1 flu virus.
[ID:nBNG419542]
 Shares surged 56 percent to $2.93.
 WIND RIVER SYSTEMS (WIND.O)
 INTEL CORP (INTC.O)
 Shares of Wind River soared 44 percent to $11.51 after
Intel said it would buy the company for about $884 million.
[ID:nWNAB6613]
 Shares of Intel, a Dow component, rose 0.6 percent to
$16.02.
 CIENA CORP (CIEN.O)
 Shares rose 4.2 percent to $11.47 after the communications
equipment maker reported a bigger-than-expected second-quarter
loss and sales that were lower than expected. The chief
executive said order flows bode well for third-quarter
revenues, and an analyst said the second quarter "looks like a
bottom." [ID:nN03110699]
 GOLDMAN SACHS GROUP INC (GS.N)
 Bernstein Research upgraded the financial services company
to outperform from market perform and raised its price target
to $176 from $113. [ID:nWNAB6552]
 Shares rose 4.7 percent to $148.88.
 APPLE INC (AAPL.O)
 Societe Generale started coverage on the company at buy,
calling it one of the strongest brands in the consumer
electronic industry. [ID:nBNG386177]
 Separately, Apple said it would invest up to $1 billion
over the next nine years to build a data center in North
Carolina. [ID:nN03132336]
 Shares rose 1.9 percent to $143.69.
 HARTFORD FINANCIAL SERVICES GROUP (HIG.N)
 The insurance company's CEO said he would retire by the end
of the year. [ID:nN04188920]
 Shares fell 1.8 percent to $15.14.
 FORD MOTOR CO (F.N)
 The auto company's car venture in China sold 48.7 percent
more vehicles from a year earlier, its Chinese partner said.
[ID:nSHA320235]
 Shares rose 2.6 percent to $6.34.
 UAL CORP (UAUA.O)
 The parent company of United Airlines has asked Boeing
(BA.N) and Airbus (EAD.PA) to put forward competing bids for up
to 150 new airliners, according to a report in the Wall Street
Journal. [ID:nBNG175386]
 Shares fell 3.6 percent to $5.10.
 HALOZYME THERAPEUTICS INC (HALO.O)
 The company said it wouldn't further develop its
bisphosphonate-PH20 Phase 1 program for osteoporosis based on
results of an open-label study. [ID:nBNG337653]
 Shares rose 2.5 percent to $7.94.
 COLLECTIVE BRANDS INC (PSS.N)
 The footwear retailer reported first-quarter earnings that
beat expectations but forecast a challenging sales environment
in the second quarter. [ID:nBNG489889]
 Shares fell 4.3 percent at $15.20.
 GEOEYE INC (GEOY.O)
 The company said the previously-announced problem with one
of its satellites didn't materially impact revenue and that
even under the worst case, the impact will be less than 5
percent of projected revenue.[ID:nBNG337693]
 Shares rose 1.2 percent at $22.35.
 HOT TOPIC INC (HOTT.O)
 The company posted a worse-than-expected 6.4 percent drop
in May same-store sales, hurt by lower transactions and a fall
in average transaction amount. [ID:nBNG318827]
 Shares fell 3.6 percent to $7.27.
 COMTECH TELECOMMUNICATIONS CORP (CMTL.O)
 The telecommunications equipment maker posted quarterly
earnings that beat estimates. [ID:nBNG291250]
 Shares rose 4.5 percent to $30.59.
 ADOLOR CORP (ADLR.O)
 The biopharmaceutical company said it was cutting about 28
percent of its workforce and restructuring its discovery group
to focus on late-stage, preclinical compounds to lower cash
burn. [ID:nBNG318680]
 Shares fell 6.6 percent to $2.11.
 G-III APPAREL GROUP LTD (GIII.O)
 The clothing maker posted a narrower-than-expected
quarterly loss, helped by strength at its dress and sportswear
businesses, and forecast second-quarter revenue slightly above
Wall Street estimates. [ID:nBNG465869]
 Shares rose 18 percent to $9.99.
  (Reporting by Ryan Vlastelica; Editing by Kenneth Barry)


 

Companies In This Article

Johnson & Johnson (JNJ.N) Quote, Profile, Research
Wal-Mart Stores, Inc. (WMT.N) Quote, Profile, Research
Fifth Third Bancorp (FITB.O) Quote, Profile, Research
Costco Wholesale Corporation (COST.O) Quote, Profile, Research
American Eagle Outfitters, Inc. (AEO.N) Quote, Profile, Research
Aeropostale Inc (ARO.N) Quote, Profile, Research
The Gap, Inc. (GPS.N) Quote, Profile, Research
Saks Incorporated (SKS.N) Quote, Profile, Research
Buckle Inc (BKE.N) Quote, Profile, Research
The TJX Companies, Inc. (TJX.N) Quote, Profile, Research
Ross Stores, Inc. (ROST.O) Quote, Profile, Research
Abercrombie & Fitch Co. (ANF.N) Quote, Profile, Research
The Wet Seal, Inc. (WTSLA.O) Quote, Profile, Research
Target Corporation (TGT.N) Quote, Profile, Research
Anadys Pharmaceuticals, Inc. (ANDS.O) Quote, Profile, Research
The Travelers Companies, Inc. (TRV.N) Quote, Profile, Research
Signet Jewelers Limited (SIG.N) Quote, Profile, Research
Novavax Inc (NVAX.O) Quote, Profile, Research
Wind River Systems, Inc. (WIND.O) Quote, Profile, Research
Intel Corporation (INTC.O) Quote, Profile, Research
Ciena Corporation (CIEN.O) Quote, Profile, Research
The Goldman Sachs Group, Inc. (GS.N) Quote, Profile, Research
Apple Inc. (AAPL.O) Quote, Profile, Research
The Hartford Financial Services Group, Inc. (HIG.N) Quote, Profile, Research
Ford Motor Company (F.N) Quote, Profile, Research
UAL Corporation (UAUA.O) Quote, Profile, Research
The Boeing Company (BA.N) Quote, Profile, Research
European Aeronautic Defence and Space Company EADS N.V. (EAD.PA) Quote, Profile, Research
Halozyme Therapeutics, Inc. (HALO.O) Quote, Profile, Research
Collective Brands, Inc. (PSS.N) Quote, Profile, Research
GeoEye, Inc. (GEOY.O) Quote, Profile, Research
Hot Topic, Inc (HOTT.O) Quote, Profile, Research
Comtech Telecommunications Corp. (CMTL.O) Quote, Profile, Research
Adolor Corp (ADLR.O) Quote, Profile, Research
G-III Apparel Group Ltd (GIII.O) Quote, Profile, Research

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