STOCKS NEWS US-New financial rules weigh on credit agency stocks

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1436 ET 15June2009-New financial rules weigh on credit agency stocks
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Shares of credit agencies fell on Monday after the Obama administration
said it would detail reforms for financial companies on Wednesday.

Officials said that the plan will urge reducing 'investors' and regulators'
reliance on credit-rating agencies.

For details see [ID:nN15190553]

Shares of Moody's (MCO.N) fell 5.8 percent to $26.69 while McGraw-Hill
(MHP.N), which owns Standard & Poor's, fell 4.9 percent to $30.44.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1411 ET 15June2009-Markets fall weak commodities, econ concerns
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Major U.S. indexes fell on Monday, pressured as regional manufacturing data
dented optimism about the economy's health and resource shares fell alongside
commodity prices.

For details, see [ID:nN15222129]

The Dow Jones industrial average .DJI fell 2.3 percent to 8,601.63 while
the S&P 500 .SPX lost 2.6 percent to 921.92 and the Nasdaq .IXIC was off
2.7 percent to 1,809.11.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1359 ET 15June2009-Roubini, Shiller see more pain for U.S. economy
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A rebound in key US economic indicators masks an underlying malaise that
will likely hamstring growth for many years and keep housing and banks in a
rut, several top economists said on Monday.

Nouriel Roubini, president of RGE Monitor, said a recovery in risk assets
like stocks and emerging markets would not last, since it had been based on
unrealistic expectations for a global economic rebound.

"I see subpar, anemic, below-trend growth for the next couple of years,"
Roubini said.

Housing expert and MIT Professor Robert Shiller, equally pessimistic, said
about the four-year housing downturn, "This thing is not over yet."

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net; Editing by
Kenneth Barry
1330 ET 15June2009-Homebuilder sentiment lower in June
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U.S. homebuilder sentiment slipped in June, according to a private survey
released on Monday, as higher mortgage rates and an ongoing credit crunch
damped expectations for the sector.

The National Association of Home Builders/Wells Fargo Housing Index slipped
to 15 from 16 in May. Analysts had expected the index to climb by one point.

For details, see [ID:nN15221187]

The Dow Jones U.S. Home Construction index .DJUSHB fell 2.2 percent to
208.20 on Monday.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1326 ET 15June2009-Cal-Maine rallies after Barron's report
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Shares of Cal-Maine Foods Inc (CALM.O) rallied on Monday, advancing after a
portfolio manager indicated the egg processor was undervalued, according to a
story in this week's Barron's magazine.

For details, see [ID:nN15199693]

The stock added 5.3 percent to $24.12.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1222 ET 15June2009 Sprint upside calls on the run, shares rise
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Sprint Nextel Corp (S.N) rose 2.65 percent to $5.43 in afternoon trade and
bullish sentiment is building on the stock. The top options trade earlier in
the day was 4,869 July $6 calls for a premium of 30 cents on the International
Securities Exchange, an opening customer buyer, according to ISEE Sentiment
data, said WhatsTrading.com option strategist Frederic Ruffy. In that strike
price, 21,104 contracts now traded vs. open interest of 6,311 lots, Reuters
data show. Ruffy said the August $6 calls were also bought and that June $6
calls attracted two-way traffic. In all, about 38,000 calls and 3,950 puts
traded, double the norm, Trade Alert figures show. It was not clear what the
catalyst was but on Friday Sprint said it was looking to sell parts of its
network assets to comply with an Illinois court ruling requiring it to sell or
shut down its iDEN network. The stock's implied volatility stood at 81 percent
up from about 67 percent late on Friday.

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