HEADLINE STOCKS-U.S. stocks to watch on April 16

Thu Apr 16, 2009 8:23am EDT
 
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 NEW YORK, April 16 (Reuters) - Some U.S. stocks to watch on
Thursday:
 JPMORGAN CHASE (JPM.N)
 The bank reported first-quarter earnings that beat
expectations and revenue growth of 45 percent. [ID:nN16542451]
 Shares of the company, a Dow component, rose 0.6 percent to
$32.77 in premarket trade.
 GENERAL GROWTH PROPERTIES GGP.N
 The mall owner filed for bankruptcy protection on Thursday.
It listed total assets of $29.56 billion and total debts of
$27.29 billion. [ID:nLG526072]
 Shares tumbled 55 percent to 47 cents in premarket trade.
 SUN MICROSYSTEMS (JAVA.O)
 INTERNATIONAL BUSINESS MACHINES (IBM.N)
 Sun Micro would be willing to resume takeover talks with
IBM if IBM were to make a stronger commitment to closing a
deal, according to a Bloomberg report. [ID:nBNG342056]
 Shares of Sun rose 6.9 percent to $6.55 in premarket trade
while shares of IBM, a Dow component, edged up to $98.95 in
premarket trade after closing Wednesday at $98.85.
 AMERICAN EXPRESS (AXP.N)
 JPMorgan forecast a loss of 4 cents a share for the credit
card company. It previously saw earnings of 15 cents a share.
[ID:nWNAB3931]
 Shares of the company, a Dow component, slid 1.9 percent to
$20.23 in premarket trade.
 ACTIVISION BLIZZARD (ATVI.O)
 Shares of the video game publisher rose 6.7 percent to
$10.70 in premarket trade after it forecast first-quarter
results that were better than expected. [ID:nN16546439]
 JOHNSON & JOHNSON (JNJ.N)
 The pharmaceutical company has decided to drop plans for
now to start a separate wellness and disease-prevention unit,
the company's chief financial officer told the Wall Street
Journal in an interview. [ID:nBNG405875]
 Shares of the company, a Dow component, edged up slightly
to $51.90 in premarket trade after closing Wednesday at
$51.77.
 HARLEY-DAVIDSON (HOG.N)
 The motorcycle company reported first-quarter results and
affirmed its full-year shipment outlook, saying it was "mildly
encouraged" that the rate at which sales declined in the U.S.
slowed during the quarter. [ID:nN14443324]
 Shares rose 8.8 percent to $18.65 in premarket trade.
 PARKER-HANNIFIN (PH.N)
 Shares of the motion control technology company fell 3.6
percent to $35 in premarket trade after it reported its
third-quarter results. [ID:nWNAB3984]
 AMERICAN INTERNATIONAL GROUP (AIG.N)
 AIG is close to selling its U.S. auto insurance unit to
Swiss insurer Zurich Financial Services for about $1.5 billion,
a source familiar with the matter said late Wednesday.
[ID:nN15531541]
 Shares rose 5.6 percent to $1.69 in premarket trade.
 GENERAL MOTORS (GM.N)
 GM has told U.S. dealers that it is accelerating its
timetable for closing about 1,700 dealerships as it rushes to
meet a June 1 deadline to restructure under U.S. government
oversight, according to people with knowledge of the
discussions. [ID:nN15356622]
 Shares of GM, a Dow component, were up about 2 percent in
premarket trading.
 STANLEY FURNITURE (STLY.O)
 The furniture company reported a first-quarter loss that
was wider than expected. [ID:nBNG422509]
 Shares closed Wednesday at $8.47.
 MACROVISION SOLUTIONS MVSN.O
 The software company agreed to buy Muze for $16.5 million
in cash. It also raised its 2009 revenue outlook.
[ID:nBNG388374]
 Shares closed Wednesday at $19.12.
 POLYCOM INC (PLCM.O)
 The video conferencing products maker reported a drop of
nearly 44 percent in first-quarter profit and forecast
lower-than-expected revenue for the second quarter.
[ID:nBNG448618]
 Shares fell 6.7 percent in premarket trading.
 (Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)


 

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