STOCKS NEWS US-Barron's sees upside for Range Resources

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0745 ET 15June2009-Barron's sees upside for Range Resources
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Shares of Range Resources (RRC.N) are poised to rise on an expected
increase in natural gas prices, as well as a large purchase of land that could
yield vast amounts of natural gas, Barron's wrote in its June 15 edition.

"If Range's drilling proves as successful as fans hope, the company's
revenue could surge far, far beyond the current $1.3 billion a year," the
financial publication wrote.

For details, see [ID:nN14132126]

Shares of the company slid 0.3 percent to $46.65 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0741 ET 15June2009-Capital One card defaults up in May
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Credit card defaults soared at Capital One Financial (COF.N) in May, the
company said on Monday.

Defaults rose to 9.41 percent in the month from 8.56 percent in April as
hundreds of thousands of Americans lost their jobs and struggled to pay their
debts.

For details, see [ID:nN15217005]

Shares of Capital One closed Friday at $23.94.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0737 ET 15June2009-Preferred shares of Citi, BofA a bargain: Barrons
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In its June 15 edition, Barron's wrote that while preferred shares of banks
hurt by the financial crisis have come roaring back, there were still bargains
in Citigroup (C.N) and Bank of America (BAC.N).

Prices of some preferred shares in the sector have already tripled or
quadrupled, but "there could be further gains in the still-depressed preferred
issues from Bank of America, now yielding about 10 percent," the financial
publication wrote.

For details, see [ID:nN14134047]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0730 ET 15June2009-Futures down as dollar pressures commodities
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U.S. index futures were down on Monday weighed down as a resurgent U.S.
dollar drove a pullback in the price of oil and other commodities.

For details, see [ID:nN15166973]

Dow Jones industrial average futures DJc1 fell 98 points while S&P 500
futures SPc1 slid 11.1 points and Nasdaq 100 futures NDc1 were down 14.5
points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0724 ET 15June2009-Hanover Insurance is a safe bet: Barron's
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Barron's wrote in its latest edition that Hanover Insurance Group (THG.N)
was a safe bet in hard times, and that its shares were poised to surge more
than 30 percent.

The property and casualty insurance company has a solid balance sheet,
best-in-class premium growth and low valuation, the financial publication
wrote, calling the company "one of the best bets on the eventual rebound in
insurance."

For details, see [ID:nN14134426]

Shares closed Friday at $36.42.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0720 ET 15June2009-Goldman downgrades Wal-Mart, shares fall
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Shares of Wal-Mart Stores (WMT.N) fell in premarket trading on Monday,
after Goldman Sachs downgraded the stock to neutral.

"Wal-Mart has and should continue to gain share across today's still
challenging consumer spending environment, but with on-going expense pressures
and tougher sales comparisons, we see little near-term positive catalysts to
drive shares higher in the near-term," the firm wrote.

Goldman dropped its price target on the stock to $56 from $58.

Shares of the Dow component fell 1.8 percent to $48.95 in premarket
trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net