STOCKS NEWS US-Nasdaq cuts gains on Symantec's margin comments

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1223 ET 11June2009-Nasdaq cuts gains on Symantec's margin comments
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The Nasdaq .IXIC sharply cut gains on Thursday to briefly trade near
break-even as shares of Symantec Corp (SYMC.O) tumbled to a session low,
falling nearly 4 percent to $15.83 after the company's chief financial officer
predicted margin pressure on consumer business over the next year.

The company is largest maker of computer security and data backup
software.

Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1218 ET 11June2009-Household net worth falls to $50.4 tln in Q1
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U.S. households household wealth fell in the first quarter, as the economic
downturn eroded confidence and finances, Federal Reserve data showed on
Thursday.

Household net worth dropped to $50.4 trillion from $51.7 trillion. The U.S.
central bank's quarterly Flow of Funds report also showed that household
borrowing contracted at a 1.1 percent annual rate in the first quarter, after
falling at a 2 percent pace in the previous period.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1151 ET 11June2009 Traders eye Assured Guaranty puts, implied vols up
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Option traders in bond insurer Assured Guaranty Ltd (AGO.N) appear to be
bracing for more share price movement with a strong bearish bias as the stock's
options implied volatility moved higher. Its shares fell 3.6 percent to $14.77
at midday on Thursday, and players in the options market showed an interest in
the June $12.50 puts, said WhatsTrading.com option strategist Frederic Ruffy.
The strike attracted 2,875 contracts versus open interest of 2,139, Reuters
data showed. Open interest in June $15 puts increased by 3,900 lots following
active trading on Wednesday, he said. The demand for options pushed up implied
volatility to 95 percent from 80 percent the previous session. According to
Trade Alert, sentiment based on option order flow was 83 percent bearish as
more than six puts traded for every call in the stock.

Reuters Messaging: doris.frankel.reuters.com@reuters.net
1143 ET 11June2009-Wolverine World Wide jumps after upgrade
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Wolverine World Wide Inc (WWW.N) shares climbed on Thursday after CL King
upgraded the stock by two notches to "strong buy" from "neutral," and
introduced a $26 price target.

The firm said the shoe maker is managing "as well as any" company during
the recession and could easily outperform its forecast and current expectations
if sales trends stabilize later this year.

Shares rose 11.4 percent to $23.60, while the Dow Jones U.S. Footwear index
.DJUSFT gained 1.3 percent.

Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net
1137 ET 11June2009-Citi Trends rises after JPMorgan upgrade
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Shares of Citi Trends Inc (CTRN.O) rallied Thursday, after JPMorgan
upgraded the stock to "overweight" from "neutral," calling the apparel retailer
among the best square footage growth stories in retail.

The firm added that the chain could potentially double its store base, and
has an attractive store economic model.

For details, see [ID:nBNG1672]

Shares of Citi Trends rose 5.1 percent to $22.90.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1121 ET 11June2009 Evergreen Solar call options heat up
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U.S. solar panel maker Evergreen Solar Inc (ESLR.O) call options were
shining as the shares jumped 11.6 percent to $2.79 near their 200-day moving
average of just above $3. The stock's option volume of about 20,000 contracts,
dominated by 18,000 calls, is eight times the normal combined turnover,
according to Trade Alert. Buyers picked up June, July and September $5 calls,
said WhatsTrading.com option strategist Frederic Ruffy. "Like many solar names,
the stock has churned near the lows, but the surge in oil and the drop in input
costs have given some raised attention back to the solar industry," said
optionMonster.com co-founder Pete Najarian in comments on the firm's website.
Now many, including Evergreen, are jolted out of the tight range to move up and
test new levels, he said, also citing brisk activity in the June $2.50, July
$2.50, July $5 and September $5 calls.

Reuters Messaging: doris.frankel.reuters.com@reuters.net