HEADLINE STOCKS-Some U.S. stocks on the move on Oct. 14

Wed Oct 14, 2009 2:16pm EDT
 
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(Updates to afternoon trading, adds Conseco, International Game Tech, Grainger, Akamai)

NEW YORK, Oct 14 (Reuters) - Some U.S. stocks on the move on Wednesday:

JPMORGAN CHASE & CO (JPM.N), $47.02, up 3 pct

The bank reported third-quarter earnings that beat expectations as stock underwriting and bond trading revenue surged. [ID:nN13183184]

INTEL CORP (INTC.O), $20.91, up 2 pct

The chipmaker reported third-quarter results that beat expectations late Tuesday, fueling optimism over a tech sector recovery before the crucial holiday season. [ID:nN1315624]

ABBOTT LABORATORIES INC (ABT.N), $51.33, up 3.4 pct

The company reported third-quarter earnings that beat expectations, on strong demand for its Humira arthritis drug and nutritional products, as well as gains from a settlement with Medtronic Inc (MDT.N). [ID:nN13187111]

CONSECO INC (CNO.N), $6.28, up 26 pct

Shares surged a day after it said Paulson & Co agreed to pump $77.9 million into the company, in addition to its other capital-raising plans. [ID:nBNG337659]

INTERNATIONAL GAME TECHNOLOGY INC (IGT.N), $22.14, up 2.5 pct

The company said it would incur noncash charges in its fourth quarter linked to soured assets, though it doesn't expect the changes to hurt its continuing compliance with debt covenants. [ID:nN14239552]

W.W. GRAINGER (GWW.N), $92.88, down 1.5 pct

The company reported third-quarter earnings that beat expectations but said its revenue continued to decline. [ID:nBNG311309]

AKAMAI TECHNOLOGIES INC (AKAM.O), $21.80, up 4.8 pct

Wedbush Morgan upgraded the stock to "neutral" from "underperform," citing positive trends in media and entertainment. [ID:nBNG538475]  Continued...