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