HEADLINE STOCKS-U.S. stocks on the move on May 8

Fri May 8, 2009 1:50pm EDT
 
[-] Text [+]
 (Updates to add Cytori, Assured Guaranty, International
Rectifier, CBS Corp)
 NEW YORK, May 8 (Reuters) - Some U.S. stocks on the move on
Friday:
 BANK OF AMERICA CORP (BAC.N)
 CITIGROUP INC (C.N)
 U.S. regulators told top banks that they need to raise
capital. [ID:nN07333426]
 Bank of America needs to raise $33.4 million while
Citigroup needs $5.5 billion and Wells Fargo needs $13.7
billion.
 Shares of BofA gained 4.4 percent to $14.11 while Citigroup
was up 7.9 percent to $4.11. Both companies are Dow
components.
 KEYCORP (KEY.N)
 REGIONS FINANCIAL (RF.N)
 SUNTRUST (STI.N)
 Rochdale Securities analyst Richard Bove said the three
banks had unclear plans to add capital.
 "KeyCorp intends to convert its preferred but if it keeps
losing money it may find that this does not meet the
requirement," Bove wrote. "Regions Financial is seeking advice
from its investment bank and this may include selling the
company. SunTrust has made no statement but is likely to issue
a government convertible preferreds in my judgment."
 Regions shares rose 21 percent to $6.35 while KeyCorp was
up 12.8 percent at $7.65 and SunTrust rose 10 percent to
$20.37.
 MCDONALD'S CORP (MCD.N)
 The fast food company reported an increase of 6.9 percent
in its global April same-store sales. [ID:nN08480433]
 Shares of the Dow component rose 2.6 percent to $54.77.
 HUNTSMAN CORP (HUN.N)
 Shares sank 14 percent to $5.04 after the chemical maker
reported a quarterly loss that was wider than expected. Shares
dropped 7.5 percent to $5.43. [ID:nN08451409]
 MORGAN STANLEY (MS.N)
 The investment bank said an offering of 146 million common
shares was priced at $24 per share, a discount of nearly 12
percent to its Thursday closing price. [ID:nN08452600]
 Shares rose 1 percent to $27.41.
 WELLS FARGO & CO (WFC.N)
 The bank priced 341 million common shares at $22 per share,
a source familiar with the matter said, raising a
more-than-expected $7.5 billion in new equity, but at a
discount of about 11 percent to their Thursday closing price.
[ID:nN08456416]
 Shares rose 6.3 percent to $26.33.
 DENDREON CORP (DNDN.O)
 The biotech company said it was offering 10.7 million
shares of its common stock in a public offering, as it seeks
resources to support the sale of its experimental prostate
cancer vaccine. [ID:nN08448913]
 Shares fell 1.7 percent to $19.43.
 VNUS MEDICAL TECHNOLOGIES INC (VNUS.O)
 Covidien Ltd (COV.N) said it would buy VNUS for about $440
million, or $29 a share in cash, a deal that represents a
premium of 36 percent to VNUS's Thursday closing price.
[ID:nBNG348330]
 VNUS shares rose 35 percent to $28.72 while Covidien shares
rose 1.4 percent to $34.69.
 CBS CORP (CBS.N)
 Shares of the media company rose 3.2 percent to $8.32 a day
after it reported its first-quarter results. [ID:nN07379768]
 WINDSTREAM CORP (WIN.N)
 The company reported its first-quarter results and forecast
a dividend payout ratio between 57 percent and 63 percent in
2009. [ID:nWNAB6341]
 Shares rose 3.1 percent to $9.05.
 EL PASO CORP (EP.N)
 The company first-quarter earnings that beat expectations
and said its hedge positions significantly expended for 2010
with new hedges in place for 2011. [ID:nN08404085]
 Shares rose 15 percent to $8.82.
 SCRIPPS NETWORKS INTERACTIVE INC (SNI.N)
 The company reported its first-quarter results and said it
was optimistic, though cautious, about the future.
[ID:nWNAB6401]
 Shares rose 0.1 percent to $29.80.
 INTERNATIONAL RECTIFIER CORP (IRF.N)
 Shares of the company tumbled 15 percent to $13.76 after it
reported a third-quarter loss that was wider than expected.
[ID:nBNG483252]
 ASSURED GUARANTY LTD (AGO.N)
 Shares soared 22 percent to $13.54 after it reported
first-quarter operating income that was better than expected.
[ID:nBNG397332]
 CYTORI THERAPEUTICS (CYTX.O)
 Shares of the company soared 19 percent to $2.40 after it
entered into a deal with General Electric's (GE.N) healthcare
unit for for commercialization of its StemSource stem cell
product in North America. [ID:nBNG387442]
 FUEL SYSTEMS SOLUTIONS INC (FSYS.O)
 The maker of alternative fuel components reported a rise in
its quarterly earnings and backed its full-year revenue
forecast. [ID:nBNG501198]
 Shares rose 35 percent at $23.
 BANKRATE INC (RATE.O)
 The financial information-based website operator reported
its first-quarter results. [ID:nBNG446541]
 Shares rose 15 percent to $28.89.
 AIR METHODS CORP (AIRM.O)
 The air-ambulance operator reported quarterly earnings that
beat expectations. [ID:nBNG501750]
 Shares rose 9.3 percent to $28.57.
 THORATEC CORP (THOR.O)
 The cardiac device maker reported quarterly earnings that
beat expectations. [ID:nBNG117050]
 Shares rose 1.5 percent to $30.04.
 RSC HOLDINGS INC (RRR.N)
 The heavy equipment renter gave a quarterly revenue
outlook. [ID:nBNG451553]
 Shares rose 14 percent to $7.69.
 FELCOR LODGING TRUST INC (FCH.N)
 The company posted higher-than-expected funds from
operations, helped by cost cutting, and reaffirmed its
full-year FFO outlook. [ID:nSP502712]
 Shares rose 12 percent to $3.19.
 AMN HEALTHCARE SERVICES INC (AHS.N)
 The healthcare staffing company posted a quarterly loss and
forecast a sequential fall in revenue for the next quarter.
[ID:nBNG500837]
 Shares fell 3.1 percent to $7.31.
 EXELIXIS INC (EXEL.O)
 The company entered into a collaboration with Germany's
Boehringer Ingelheim to discover, develop and commercialize
autoimmune disease therapies. [ID:nBNG499304]
 Shares rose 5 percent to $4.82.
 EINSTEIN NOAH RESTAURANT GROUP (BAGL.O)
 The company reported first-quarter earnings that missed
expectations. [ID:nBNG502590]
 Shares fell 17 percent to $9.59.
 LUMINEX CORP (LMNX.O)
 The maker of arrays to analyze genetic data posted a wider
quarterly net loss and cut its 2009 full-year revenue outlook.
[ID:nBNG438265]
 Shares fell 9.1 percent to $15.54.
 OBAGI MEDICAL PRODUCTS INC (OMPI.O)
 The company forecast second-quarter earnings below
expectations. [ID:nBNG466011]
 Shares fell 0.6 percent to $6.63.
 VERISIGN INC (VRSN.O)
 The Internet security and naming services company swung to
a quarterly profit, helped by an increase in revenue from its
core naming business. [ID:nBNG502237]
 Shares rose 13 percent to $23.56.
 HANSEN NATURAL CORP (HANS.O)
 The beverage company reported first-quarter earnings that
beat expectations. [ID:nBNG495812]
 Shares rose 10 percent to $41.92.
 TREEHOUSE FOODS INC (THS.N)
 The specialty food maker reported a rise in first-quarter
earnings and raised its full-year adjusted profit outlook.
[ID:nBNG319405]
 Shares rose 5.6 percent to $28.25.
 BEBE STORES INC (BEBE.O)
 The retailer swung to a third-quarter loss but said it
expects to post a profit in the current quarter.
[ID:nBNG497064]
 Shares rose 13 percent to $9.36.
 PERINI CORP PCR.N
 The company posted a 55 percent jump in quarterly profit
and backed its 2009 outlook. [ID:nBNG502854]
 Shares rose 18 percent to $22.41.
 INTERNAP NETWORK SERVICES CORP (INAP.O)
 Shares fell 14 percent to $2.48 after the company reported
a wider-than-expected first-quarter loss. [ID:nWNAB6013]
 COHERENT INC (COHR.O)
 The maker of lasers and precision optics reported
second-quarter profit below Wall Street estimates.
[ID:nWNAB5866]
 Shares fell 4.3 percent to $18.02.
 (Reporting by Ryan Vlastelica, Editing by Kenneth Barry)

 

Companies In This Article

Bank of America Corporation (BAC.N) Quote, Profile, Research
Citigroup Inc. (C.N) Quote, Profile, Research
KeyCorp (KEY.N) Quote, Profile, Research
Regions Financial Corporation (RF.N) Quote, Profile, Research
SunTrust Banks, Inc. (STI.N) Quote, Profile, Research
McDonald's Corporation (MCD.N) Quote, Profile, Research
Huntsman Corporation (HUN.N) Quote, Profile, Research
Morgan Stanley (MS.N) Quote, Profile, Research
Wells Fargo & Company (WFC.N) Quote, Profile, Research
Dendreon Corp (DNDN.O) Quote, Profile, Research
VNUS Medical Technologies Inc (VNUS.O) Quote, Profile, Research
Covidien plc. (COV.N) Quote, Profile, Research
CBS Corporation (CBS.N) Quote, Profile, Research
Windstream Corporation (WIN.N) Quote, Profile, Research
El Paso Corporation (EP.N) Quote, Profile, Research
Scripps Networks Interactive, Inc. (SNI.N) Quote, Profile, Research
International Rectifier Corporation (IRF.N) Quote, Profile, Research
Assured Guaranty Ltd. (AGO.N) Quote, Profile, Research
Cytori Therapeutics, Inc. (CYTX.O) Quote, Profile, Research
General Electric Company (GE.N) Quote, Profile, Research
Fuel Systems Solutions, Inc. (FSYS.O) Quote, Profile, Research
Bankrate, Inc. (RATE.O) Quote, Profile, Research
Air Methods Corp (AIRM.O) Quote, Profile, Research
Thoratec Corp (THOR.O) Quote, Profile, Research
RSC Holdings Inc. (RRR.N) Quote, Profile, Research
FelCor Lodging Trust Incorporated (FCH.N) Quote, Profile, Research
AMN Healthcare Services, Inc. (AHS.N) Quote, Profile, Research
Exelixis, Inc. (EXEL.O) Quote, Profile, Research
Einstein Noah Restaurant Group, Inc. (BAGL.O) Quote, Profile, Research
Luminex Corp (LMNX.O) Quote, Profile, Research
Obagi Medical Products, Inc. (OMPI.O) Quote, Profile, Research
Verisign, Inc. (VRSN.O) Quote, Profile, Research
Hansen Natural Corporation (HANS.O) Quote, Profile, Research
TreeHouse Foods, Inc. (THS.N) Quote, Profile, Research
bebe stores, inc (BEBE.O) Quote, Profile, Research
InterNAP Network Services Corporation (INAP.O) Quote, Profile, Research
Coherent, Inc. (COHR.O) Quote, Profile, Research

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