HEADLINE STOCKS-U.S. stocks to watch on Tuesday
NEW YORK, May 12 (Reuters) - Some U.S. stocks to watch on Tuesday:
BANK OF AMERICA CORP (BAC.N)
The bank sold $7.3 billion worth of shares in China Construction Bank, according to a source familiar with the matter. The shares were sold for HK$4.20 each, which represents a 14.3 percent discount to their Monday close. [ID:nHKG158391]
Shares of the Dow component rose 1.1 percent to $13.08 in premarket trading.
CITIGROUP INC (C.N)
The bank is using almost all of the money it received in government bailouts to make new loans, according to the Associated Press. [ID:nBNG471254]
Shares of the Dow component rose 2.3 percent to $3.95 in premarket trading.
ALPHA NATURAL RESOURCES INC (ANR.N)
FOUNDATION COAL HOLDINGS INC (FCL.N)
Alpha said it would buy Foundation Coal for $2 billion in stock, or $32.73 a share, a 41 percent premium to Foundation's Monday closing price of $23.24. [ID:nBNG366514]
Shares of Alpha closed Monday at $28.86 while Foundation shares gained 23 percent to $28.50 in premarket trading.
HAYES LEMMERZ INTERNATIONAL INC HAYZ.O
The auto parts maker filed for Chapter 11 bankruptcy. [ID:nBNG116826]
The stock sank 52 percent to 14 cents in premarket trading.
FORD MOTOR CO (F.N)
The auto company late Monday said it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union. [ID:nN11100156]
Shares slid 4.4 percent to $5.81 in premarket trading.
AMERICAN INTERNATIONAL GROUP INC (AIG.N)
The insurance company's CEO will speak out against criticism of its employees on Wednesday and will talk about future plans, according to a report in the Wall Street Journal. [ID:nBNG138703]
WINN-DIXIE STORES INC'S (WINN.O)
The supermarket chain reported third-quarter results that beat expectations. [ID:nBNG461311]
Shares rose 12 percent to $12.90 in trading after the bell.
ROSETTA STONE INC (RST.N)
The language software company forecast a second-quarter loss due to a charge. [ID:nBNG453721]
Shares tumbled 14 percent to $25.35 in after-hours trade.
PROGENICS PHARMACEUTICALS INC (PGNX.O)
The company posted a quarterly loss that was narrower than estimates and said it cut 10 percent of its work force. [ID:nBNG458827]
Shares gained 16.6 percent to $6.60 in after-hours trade.
STIFEL FINANCIAL CORP (SF.N)
The company reported a quarterly profit that missed estimates. [ID:nBNG460226]
Shares closed at $50.48 on Monday.
NATIONAL FINANCIAL PARTNERS (NFP.N)
The life insurance distributor swung to a first-quarter net loss as it recorded a charge for goodwill impairment. [ID:nBNG459164]
Shares closed Monday at $8.18.
STEC INC'S (STEC.O)
The tech company reported its first-quarter results and forecast second-quarter results above expectations. [ID:nBNG460385]
Shares surged 20 percent to $12.48 in trading after the bell.
NAUTILUS INC'S (NLS.N)
The fitness-equipment maker's quarterly loss more than doubled, hurt by restructuring charges from closure of a manufacturing unit and a write-off tied to abandoned information technology software. [ID:nBNG287099]
Shares closed at 97 cents Monday on the New York Stock Exchange.
DTS INC (DTSI.O)
The entertainment technology company posted quarterly results that beat Wall Street expectations but forecast a fiscal year 2009 profit below estimates. [ID:nBNG458138]
Shares rose 1.2 percent in trading after the bell.
MAXYGEN INC (MAXY.O)
Shares the of biotechnology company rose more than 11 percent in after market trade after it reported a first-quarter loss that narrowed from the prior year.
(Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)
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