HEADLINE STOCKS-U.S. stocks to watch on May 21

Thu May 21, 2009 8:42am EDT
 
[-] Text [+]
 NEW YORK, May 21 (Reuters) - Some U.S. stocks to watch on
Thursday:
 BANK OF AMERICA CORP (BAC.N)
 The bank wants to repay $45 billion in bail-out funds by
the end of the year, according to a report in the Financial
Times. [ID:nN20542015]
 Shares of the Dow component rose 1.6 percent to $11.67.
 SONY CORP (SNE.N) (6758.T)
 The electronics retailer said it would halve the number of
its suppliers over the next two years, and is aiming to cut its
procurement costs by 20 percent this year. [ID:nBNG398847]
 U.S.-listed shares of Sony closed Wednesday at $26.11.
 HORMEL FOODS CORP (HRL.N)
 The food company reported an increase in its second-quarter
earnings and forecast full-year results to be at the upper end
of its previously announced outlook. [ID:nN21514211]
 Shares closed Wednesday at $32.95.
 SUNTECH POWER HOLDINGS INC (STP.N)
 The company reported a surprise first-quarter profit and
forecast moderate revenue growth in the second quarter. It also
announced a follow-on public offering of 20 million ADSs.
[ID:nBNG24881]
 Shares fell 1.8 percent to $15.55 in premarket trading.
 STEIN MART INC (SMRT.O)
 The discount retailer reported first-quarter earnings that
beat expectations. [ID:nBNG229550]
 The stock soared 35.5 percent to $5.99 in premarket
trading.
 CHILDREN'S PLACE RETAIL STORES INC (PLCE.O)
 The company reported adjusted first-quarter earnings that
met expectations and revenue that was ahead of consensus.
[ID:nBNG431752]
 Shares closed Wednesday at $34.28.
 GOOGLE INC (GOOG.O)
 The company has decided against buying a newspaper,
according to a report in the Financial Times that quoted its
CEO. [ID:nLK101627]
 Shares closed Wednesday at $397.18.
 CITI TRENDS INC (CTRN.O)
 The company posted first-quarter profit and revenue that
beat expectations. [ID:nBNG450704]
 Shares rose 10 percent to $25 in after-hours trade.
 HOT TOPIC INC (HOTT.O)
 The apparel company forecast a second-quarter loss on a
slowdown in traffic. [ID:nBNG447955]
 Shares fell 7.4 percent to $8.10 in premarket trading.
 PETSMART INC (PETM.O)
 The specialty pet retailer reported its quarterly results
and gave a 2009 outlook. Goldman Sachs also downgraded the
stock to neutral. [ID:nBNG440888]
 Shares fell 4.7 percent to $21.25 in premarket trading.
 COMMSCOPE INC (CTV.N)
 The communications cable maker plans to raise $200 million
from a notes offering and sell eight million shares, the
proceeds from which will be used to repay some debt.
[ID:nBNG397628]
 Shares fell 4 percent to $24.05 in trading after the bell.
 MAINSOURCE FINANCIAL GROUP (MSFG.O)
 The financial holding company slashed its quarterly
dividend by 65 percent. [ID:nBNG394984]
 Shares fell 2.4 percent to $8.20 in after-hours trading.
 SYNOPSYS INC (SNPS.O)
 The company posted second-quarter results that beat
analysts' expectations but cut its 2009 revenue outlook.
[ID:nBNG489618]
 Shares closed at $21.62 on Wednesday.


 

Featured Broker sponsored link