HEADLINE STOCKS-U.S. stocks on the move on June 10
(Updates to after the open, adds Brown-Forman, Alcoa, P&G and Yahoo)
NEW YORK, June 10 (Reuters) - Some U.S. stocks on the move on Wednesday:
HOME DEPOT INC (HD.N)
The home improvement retailer raised its 2009 earnings outlook and affirmed its sales expectations. [ID:nN10426356]
Shares of the Dow component rose 2.4 percent to $24.92.
PROCTER & GAMBLE CO (PG.N)
The company named Robert McDonald its next chief executive officer, while A.G. Lafley remains its chairman. McDonald is currently the consumer products company's operating chief. [ID:nN10425994]
Shares of the Dow component rose 0.5 percent to $52.68.
BROWN-FORMAN CORP (BFb.N)
The alcohol company reported fourth-quarter earnings that were better than expected, and forecast modest growth in operating income in the 2010 fiscal year. [ID:nN1066995]
Shares rose 2.7 percent to $46.47.
WALT DISNEY CO (DIS.N)
The company's CFO late Tuesday said it was seeing "continued signs of stability in the marketplace," though consumers and ad buyers were still "cautious." [ID:nN09407749]
Shares of the Dow component rose 0.5 percent to $25.47.
CITIGROUP INC (C.N)
The bank began a $58 billion stock swap that could leave the government with a 34 percent stake in the company. [ID:nN10429382]
Shares rose 2.4 percent to $3.49.
GOLDMAN SACHS GROUP (GS.N)
MORGAN STANLEY (MS.N)
JPMorgan raised its price target on the financial services companies, saying fixed income would be a big earnings driver in 2009 and 2010.
Goldman's target was lifted to $150 from $120 while Morgan Stanley's was raised to $33 from $28.
Shares of Goldman slid 0.4 percent to $148.79 while Morgan Stanley was off 0.6 percent to $30.80.
YAHOO INC (YHOO.O)
Soleil upgraded the Internet company to buy from hold, seeing continued outperformance in ad-driven stocks.
Shares of the company rose 1.2 percent to $16.58.
RESEARCH IN MOTION LTD (RIMM.O)
Goldman Sachs raised its price target on the BlackBerry maker to $96 from $85, citing currency tailwinds and "continued robust sell-through of RIM devices" in the quarter.
Shares rose 1.5 percent to $83.29.
ALCOA INC (AA.N)
Desjardins raised its price target on the company to $15 from $12, an increase of 25 percent, citing improving confidence in the recovery of the global economy in its decision. [ID:nBNG445085]
Shares the Dow component rose 3.1 percent to $11.50.
NEWS CORP (NWSA.O)
The media company is near a deal to sell its Weekly Standard magazine to billionaire Philip Anschutz, according to a report in the Los Angeles Times. Terms were not detailed. [ID:nBNG430430]
Shares rose 2.1 percent to $10.68.
GOOGLE INC (GOOG.O)
The company is closing in on its goal of producing renewable energy at a price cheaper than coal, the company's so-called green energy czar, the engineer in charge of the project, said late Tuesday. [ID:nN09402273]
Shares slid 0.1 percent to $435.08.
JAZZ PHARMACEUTICALS INC (JAZZ.O)
The company will present data from the first of two late-stage trials of its experimental treatment for fibromyalgia, a chronic pain syndrome, at Associated Professional Sleep Societies.
Shares soared 125 percent to $2.30.
SHUFFLE MASTER INC (SHFL.O)
The company posted a 50 percent jump in second-quarter profit, helped by higher lease and service revenue. [ID:nBNG501844]
Shares rose 23 percent to $5.65.
MODUSLINK GLOBAL SOLUTIONS INC (MLNK.O)
The company reported a narrower quarterly loss, helped by cost reduction initiatives and higher margins. [ID:nWNAB8135]
Shares rose 23 percent to $5.10.
STONE ENERGY CORP (SGY.N)
The independent oil and gas company commenced a public offering of 6 million shares of its common stock and said it may use the proceeds to reduce debt under its credit facility. [ID:nBNG407837]
Shares fell 4.5 percent to $7.99.
NCI BUILDING SYSTEMS INC (NCS.N)
The maker of metal building components and systems posted a wider-than-expected quarterly loss, hurt by continued deterioration in nonresidential construction and falling steel prices. [ID:nBNG411409]
Shares sank 14 percent to $3.73.
AMERIPRISE FINANCIAL INC (AMP.N)
The company said it would publicly offer $900 million of common stock and use proceeds for growth initiatives and acquisitions. [ID:nBNG412065]
Shares fell 6.3 percent to $26.58.
COLONIAL BANCGROUP INC (CNB.N)
The lender said its banking unit agreed to a cease-and-desist order with regulators, requiring it to increase capital levels and reduce problem assets, among other things. [ID:nBNG466188]
Shares sank 25 percent to 91 cents.
SKILLED HEALTHCARE GROUP INC (SKH.N)
The nursing home operator expects to restate results for periods from Jan. 1, 2006 to March 31, 2009 due to improper dating of accounts receivables by a former employee. [ID:nLA78075]
Shares fell 5.3 percent to $7.90. (Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)
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