HEADLINE STOCKS-U.S. stocks on the move on June 5

Fri Jun 5, 2009 1:55pm EDT
 
[-] Text [+]
 (Updates to afternoon trade, adds Wal-Mart, Bank of
America, American Woodmark, Harley-Davidson, Xtent, MarkWest,
Kenexa, AK Steel and Jackson Hewitt)
 NEW YORK, June 5 (Reuters) - Some U.S. stocks on the move
on Friday:
 WAL-MART STORES INC (WMT.N)
 The discount retailer announced a new $15 billion share
repurchase plan and said market share gains it has made amid
the recession are permanent as a "new normal" emerges in which
consumers seek to save money. [ID:nN05274546]
 Shares of the Dow component rose 0.4 percent to $51.08.
 APPLE INC (AAPL.O)
 Steve Jobs, the chief executive of Apple, is on track to
return to the company after a medical leave of absence,
according to a report in the Wall Street Journal.
[ID:nN04251941]
 Shares of Apple rose 0.4 percent to $144.29.
 JPMORGAN CHASE & CO (JPM.N)
 AMERICAN EXPRESS CO (AXP.N)
 U.S. regulators are insisting that JPMorgan and AmEx raise
equity this week before they repay bailout funds, according to
a report in the Financial Times, despite strong objections from
the banks. [ID:nBNG439925]
 Shares of JPMorgan fell 1.3 percent to $34.90 while AmEx
slid 0.4 percent to $25.15. Both companies are Dow components.
 AK STEEL HOLDING CORP (AKS.N)
 Shares gained 7.5 percent to $17.73 a day after it added
surcharges to some of its products amid signs that steel prices
in general are rising. [ID:nN05288957]
 JACKSON HEWITT TAX SERVICE INC (JTX.N)
 Shares soared 41 percent to $6.06 a day after it named
Harry Buckley its chief executive officer and hired Goldman
Sachs to examine strategic alternatives. Buckley was previously
the head of H&R Block Inc (HRB.N). [ID:nBNG411468]
 CITIGROUP INC (C.N)
 The Federal Deposit Insurance Corp is aiming at a shake-up
of Citigroup top management, including replacing Chief
Executive Vikram Pandit, according to a report in the Wall
Street Journal, which cited people familiar with the matter.
[ID:nSP443945]
 Shares of Citigroup slid 0.3 percent to $3.56.
 BANK OF AMERICA CORP (BAC.N)
 Kenneth Lewis, the chief executive officer of Bank of
America, as been asked to testify before a congressional
committee about when the bank became aware of  deteriorating
conditions late last year at Merrill Lynch & Co, which prompted
a federal bailout.
 Separately, the largest U.S. bank is balking at paying a
"substantial" sum to the government to exit an agreement
covering losses on troubled assets and believes it should pay
nothing, the New York Times said on Friday, citing three people
briefed on the talks. [ID:nN05274590]
 Shares of the Dow component rose 0.6 percent to $11.94.
 RIO TINTO PLC (RTP.N)
 The mining company spurned $19.5 billion of funding from
China on Friday in favor of a cost-saving iron ore joint
venture with rival BHP Billiton (BLT.L) and a share sale to
slash its debts. [ID:nSYD73514]
 U.S.-listed shares of Rio surged 6.2 percent to $194.02.
 MERCK & CO INC (MRK.N)
 The pharmaceutical company's experimental heart failure
drug failed to meet the goals of a pivotal late-stage study. It
also said it wouldn't file applications this year seeking
regulatory approval for rolofylline. [ID:nN05273234]
 Shares of the Dow component fell 1.5 percent to $26.19.
 MARKWEST ENERGY PARTNERS LP (MWE.N)
 The oil and gas processor's public offering of 2.9 million
common units was priced at $18.15 per unit, a discount of 9
percent to the stock's closing price on Thursday.
[ID:nBNG451254]
 Shares fell 5.8 percent to $18.80.
 KENEXA CORP (KNXA.O)
 Shares of the software company rallied 7.8 percent to
$13.60 after Cowen & Co upgraded the stock to outperform,
writing that market expectations for it were overly
conservative. [ID:nBNG348271]
 XTENT INC XTNT.O
 Shares of the company soared 28 percent to $1.92 after it
received conditional approval from U.S. health regulators to
begin a clinical program for its Custom NX drug eluting stent
system. [ID:nBNG418501]
 KRAFT FOODS INC (KFT.N)
 The food company expects sales in China to rise more than
10 percent in 2009, similar to last year's rate of growth.
[ID:nSHA326229]
 Shares of the Dow component slid 1.7 percent to $26.59.
 AMERICAN INTERNATIONAL GROUP (AIG.N)
 TRANSATLANTIC HOLDINGS (TRH.N)
 AIG's secondary offering of a stake of 26 million shares of
Transatlantic was priced at $38 per share. [ID:nBNG232573]
 Shares of AIG rose 5.5 percent to $1.73 while Transatlantic
shares rose 2.8 percent to $42.15.
 AMERICAN WOODMARK CORP (AMWD.O)
 Shares of the company rallied 17 percent to $23 after it
reported a surprise fourth-quarter profit. [ID:nBNG88876]
 HARLEY-DAVIDSON INC (HOG.N)
 Shares of the motorcycle manufacturer fell 5.8 percent to
$17.63 after Citi downgraded it to sell, forecasting "sluggish
U.S. retail sales growth of down over 20 percent in April and
May."
 NIKE INC (NKE.N)
 Robert W. Baird on Friday upgraded the sportswear maker to
outperform from neutral, calling it the "most global company we
cover and therefore stands to gain more from a drop in the U.S.
dollar than any other company on our list."
 Shares of Nike rose 1.8 percent to $58.59.
 BOSTON PROPERTIES INC (BXP.N)
 The office landlord late Thursday said it would sell more
than 12 million shares in a move to raise cash. [ID:nN0451829]
 Shares sank 5.2 percent to $50.25.
 GUESS INC (GES.N)
 The company late Thursday reported first-quarter results
that beat expectations. [ID:nWNAB6845]
 Shares rose 6.5 percent to $28.80.
 ULTA SALON, COSMETICS & FRAGRANCE INC (ULTA.O)
 The company posted quarterly results that beat expectations
and forecast second-quarter results in line with market
estimates. [ID:nBNG436256]
 Shares rose 23 percent to $11.78.
 CASCADE CORP (CAE.N)
 The truck components maker posted a quarterly loss and
expects global demand for lift trucks to continue to decline
through the rest of fiscal 2010 and into 2011. [ID:nBNG332256]
 Shares sank 17 percent to $24.96.
 (Reporting by Ryan Vlastelica; Editing by Padraic Cassidy)


 

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