HEADLINE STOCKS-Some U.S. stocks on the move on Aug. 20
(Updates to afternoon trading, adds AIG, Ross, Bon-Ton, StealthGas, School Specialty, Allied Capital, ReneSola, Host Hotels, 1-800-Flowers)
NEW YORK, Aug 20 (Reuters) - Some U.S. stocks on the move on Thursday:
AMERICAN INTERNATIONAL GROUP INC (AIG.N), $32.22, up 21
pct
Robert Benmosche, the newly appointed chief executive
officer of American International Group Inc (AIG.N), says he
expects the bailed-out insurer to be able to repay its federal
debts and to boost value for shareholders, according to a
report by Bloomberg News. For full story, see [ID:nN20519036]
SEARS HOLDING CORP (SHLD.O), $65.94, down 11 pct
The retailer swung to a second-quarter loss and posted revenue that missed expectations. [ID:nN20506280]
H.J. HEINZ CO (HNZ.N), $38.56, up 1.6 pct
The food company reported lower first-quarter profit on Thursday and stood by its 2010 outlook for profit and sales. [ID:nN20379158]
ROSS STORES INC (ROST.O), $46.14, up 3.4 pct
The retailer raised its full-year same-store sales outlook. [ID:nBNG496072]
RENESOLA (SOL.N), $5.84, up 19 pct (U.S. shares)
The solar wafer manufacturer won exclusive rights to develop a $706 million, 150-megawatt solar power plant in northern China. [ID:nLK423295]
1-800-Flowers.com Inc (FLWS.O), $2.91, down 3 pct
The floral gift retailer reported an adjusted fourth-quarter loss that was wider than expected. [ID:nBNG518982]
BON-TON STORES INC (BONT.O), $4.98, up 23 pct
The company narrowed its full-year loss outlook. [ID:nBNG509245]
HOST HOTELS & RESORTS (HST.N), $9.97, up 3.1 pct
The company plans to sell up to $400 million of shares, which it expects to use for future acquisitions, repaying debt and general purposes. [ID:nN20512047]
ALLIED CAPITAL CORP (ALD.N), $3.33, up 5.7 pct
KBW upgraded the stock to "market perform" from "underperform," citing stabilization in the credit markets, and a recent debt restructuring. [ID:nBNG520229]
STEALTHGAS INC (GASS.O), $5, up 1 pct
The company reported second-quarter earnings that beat expectations. [ID:nBNG393659]
SCHOOL SPECIALTY INC (SCHS.O), $23.30, up 4.1 pct
The company reported its first-quarter results and gave a full-year outlook. [ID:nBNG130419]
DICK'S SPORTING GOODS INC (DKS.N), $22.12, up 9.1 pct
The retailer reported second-quarter earnings that beat expectations and raised its full-year outlook. [ID:nBNG516959]
BARNES & NOBLE INC (BKS.N), $20.15, down 3.8 pct
The bookstore chain posted its second-quarter results. [ID:nN20427854]
GAMESTOP CORP (GME.N), $23.71, down 5.8 pct
The video game retailer reported second-quarter profit fell 32 percent and cut its full-year profit outlook. [ID:nN20378084]
LAS VEGAS SANDS CORP (LVS.N), $13.29, up 4.2 pct
The casino group filed an application for a possible listing on the Hong Kong Stock Exchange. [ID:nN20510992]
STEIN MART INC (SMRT.O), $12.11, up 6.1 pct
The furniture retailer swung to a second-quarter profit. [ID:nBNG90637]
LSI INDUSTRIES INC (LYTS.O), $7.48, up 8.4 pct
The lighting products maker reported a fourth-quarter loss that narrowed from the prior year. [ID:nBNG458181]
BUCKLE INC (BKE.N), $27.05, down 3.2 pct
The apparel and footwear retailer reported its second-quarter results. [ID:nBNG490009]
TECH DATA CORP (TECD.O), $34.61, up 1.5 pct
The distributor of technology products reported second-quarter earnings that trumped estimates. [ID:nBNG501063]
GOOGLE INC (GOOG.O), $459, up 3.4 pct
Goldman Sachs added the Internet search giant to its "Americas Conviction Buy list," and said revenue growth would reaccelerate to a high-teens rate or better over the next year. [ID:nBNG514815]
NAVIOS MARITIME HOLDINGS INC (NM.N), $4.74, up 6.5 pct
The shipping company reported a drop in its quarterly profit late Wednesday. [ID:nBNG429208]
CITI TRENDS INC (CTRN.O), $23.60, down 16 pct
The fashion apparel retailer narrowed its fiscal-year earnings outlook late Wednesday. [ID:nBNG503908]
PetSmart Inc (PETM.O), $19.99, down 11 pct
The pet supplies retailer reported second-quarter earnings that beat expectations late Wednesday, but cut its full-year earnings view. [ID:nBNG70299]
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