HEADLINE STOCKS-U.S. stocks to watch on June 9
NEW YORK, June 9 (Reuters) - Some U.S. stocks to watch on Tuesday:
CITIGROUP INC (C.N)
Late Monday, the bank said it expects to begin its much-delayed $58 billion stock swap later this week, as part of a plan that could leave the government with a 34 percent stake. [ID:nN08334378]
Shares rose 1 cent to $3.43 in premarket trading.
TEXAS INSTRUMENTS (TXN.N)
The company late Monday raised its second-quarter earnings and revenue outlook, signaling improving demand in the chip market. [ID:nN08327409]
Shares rose 5.1 percent to $20.78 in premarket trading.
NAVISTAR INTERNATIONAL CORP (NAV.N)
The truck and engine maker reported adjusted second-quarter earnings that missed expectations and cut its adjusted full-year outlook. [ID:nBNG76047]
Shares fell 0.9 percent to $42.66 in premarket trading.
KOHLBERG KRAVIS ROBERTS & CO (KFN.N)
The private equity firm invested about $350 million in a privately-held natural gas explorer, according to a report in the Wall Street Journal. [ID:nBNG336232]
Shares closed Monday at $1.24.
GENERAL ELECTRIC CO (GE.N)
The company's aviation unit expects orders this year to halve as airlines slow plane buying. [ID:nSP282411]
Shares of GE, a Dow component, fell 0.6 percent to $13.64 in premarket trading.
APPLE INC (AAPL.O)
A number of analysts raised their price targets on the tech giant, a day after it unveiled a new version of its iPhone smart phone and cut the prices of some of its Mac notebooks and other products. [ID:nN08331826]
Susquehanna raised its target to $170 from $155, Barclays upped its target to $173 from $155, and JPMorgan raised its target by $20 to $155.
Shares of Apple edged 0.3 percent higher to $144.26 in premarket trading.
MEN'S WEARHOUSE (MW.N)
The retailer reported first-quarter earnings that beat estimates. [ID:nBNG484381]
Shares closed Monday at $17.87.
CALLAWAY GOLF CO (ELY.N)
The company will cut its second-quarter dividend by 85 percent to improve its cash position. It also affirmed its full-year outlook. [ID:nBNG84247]
Shares fell 3 percent to $7.28 after the bell on Monday.
QUIKSILVER INC (ZQK.N)
The apparel maker agreed with private equity firm Rhone to take a 5-year loan of about $150 million to improve its liquidity position, and posted an adjusted quarterly profit that lagged market estimates by a cent, hurt by lower gross margins. [ID:nBNG505331]
Shares fell 14.4 percent to $3.10 in after-hours trading on Monday.
(Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)
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