HEADLINE STOCKS-U.S. stocks on the move on June 9

Tue Jun 9, 2009 1:23pm EDT
 
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 (Updates to afternoon trade, adds banks, Pep Boys, Trimble,
BlackRock)
 NEW YORK, June 9 (Reuters) - Some U.S. stocks on the move
on Tuesday:
 JPMORGAN CHASE & CO (JPM.N)
 AMERICAN EXPRESS CO (AXP.N)
 GOLDMAN SACHS GROUP (GS.N)
 MORGAN STANLEY (MS.N)
 The four companies were named as being among the 10 banks
approved to repay the federal bailout funds received under the
government's TARP program, a source familiar with the matter
told Reuters. [ID:nWEN0216]
 Dow components JPMorgan and AmEx rose 0.8 percent to $35.68
and 4.7 percent to $26.86, respectively, while Morgan Stanley
fell 1.5 percent to $30.93 and Goldman was up 0.8 percent to
$149.46.
 BLACKROCK (BLK.N)
 The money manager is near to buying Barclays Global
Investors for between $12 billion and $13 billion, people
familiar with the matter said. [ID:nL911499]
 Shares rose 8.4 percent to $183.56.
 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 were flat at $3.42.
 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 6.1 percent to $20.97.
 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 rose 3.2 percent to $44.42.
 MOVADO GROUP INC (MOV.N)
 The watch maker reported a first-quarter loss that was
narrower than expected and forecast a surprise profit for
fiscal 2010. [ID:nBNG492428]
 Shares rose 21 percent to $9.80.
 TALBOTS INC (TLB.N)
 The company reported a first-quarter loss that was narrower
than expected and said it would cut its corporate headcount by
20 percent. [ID:nBNG26716]
 Shares rose 4.6 percent to $5.23.
 REX STORES CORP (RSC.N)
 The company swung to a first-quarter loss from continuing
operations. [ID:nWNAB7856]
 Shares fell 2.2 percent to $10.44.
 PEP BOYS-MANNY, MOE & JACK (PBY.N)
 Shares of the automotive parts company advanced 10 percent
to $9.25 a day after it reported a rise in its first-quarter
earnings. [ID:nBNG390713]
 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 were flat 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, were flat at $13.56.
 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 0.7 percent lower to $142.80.
 TRIMBLE NAVIGATION LTD (TRMB.O)
 Shares of the navigation systems maker rose 6.7 percent to
$22.53 after Wedbush Morgan upgraded it to hold, saying the
company's end markets were stabilizing. [ID:nBNG384768]
 MEN'S WEARHOUSE (MW.N)
 The retailer reported first-quarter earnings that beat
estimates. [ID:nBNG484381]
 Shares rose 17 percent to $20.82.
 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 14 percent to $6.29.
 QUIKSILVER INC (ZQK.N)
 The apparel maker agreed with private equity firm Rhone to
take a five-year loan of about $150 million to improve
Quicksilver's liquidity position and posted an adjusted
quarterly profit that lagged market estimates by 1 cent a
share, hurt by lower gross margins. [ID:nBNG505331]
 Shares fell 21 percent to $2.87.
 (Reporting by Ryan Vlastelica; Editing by Leslie Adler) 


 

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