HEADLINE STOCKS-Some U.S. stocks to watch on June 24

Wed Jun 24, 2009 8:46am EDT
 
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NEW YORK, June 24 (Reuters) - Some U.S. stocks to watch on Wednesday:

WELLS FARGO & CO (WFC.N)

Citigroup said Wells Fargo could see a strong second quarter because of higher core mortgage results. The firm wrote in a research note that Wells could give a bullish outlook and could see relatively good net interest income. [ID:nBNG457357]

Shares of Wells rose 1.4 percent to $23.24 in premarket trading.

MONSANTO CO (MON.N)

The maker of agricultural products reported third-quarter profit fell 14 percent and said it planned a restructuring that would cut about 900 workers. [ID:nN24155884]

Shares rose 3.2 percent to $81.85 in premarket trading.

EMC CORP (EMC.N)

Barclays Capital upgraded the company to "overweight" from "equal weight," saying the company's business is currently stabilizing into a new product cycle and sales and gross margins could accelerate through 2010. [ID:nBNG469159]

Shares of EMC rose 1.8 percent to $12.81 in premarket trading.

RITE AID CORP (RAD.N)

The drug store chain reported a narrower first-quarter loss but lower revenue. [ID:nN24546734]

Shares closed Tuesday at $1.26.

AMERICAN GREETINGS CORP (AM.N)

The company reported first-quarter results that beat expectations. [ID:nWNBB0620]

Shares closed Tuesday at $6.36.  Continued...

 

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