HEADLINE STOCKS-U.S. stocks on the move on June 9
(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)
© Thomson Reuters 2009 All rights reserved

