HEADLINE STOCKS-U.S. stocks on the move on June 10

Wed Jun 10, 2009 10:06am EDT
 
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 (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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