HEADLINE STOCKS-U.S. stocks to watch on Sept 26
NEW YORK, Sept 26 (Reuters) - U.S. stocks to watch on Friday:
JPMORGAN CHASE & CO (JPM.N)
Washington Mutual (WM.N) was closed by the U.S. government
in by far the largest failure of a U.S. bank, and its banking
assets were sold to JPMorgan Chase for $1.9 billion.
[ID:nN26278272].
JP Morgan shares fell 2.4 percent to $42.40 before Friday's opening bell.
RESEARCH IN MOTION (RIMM.O)
Shares slid 9.8 percent to $87.97 in extended trade on Thursday after the BlackBerry maker posted quarterly revenues that were below the average Wall Street forecast. For details see [ID:nWNAB3031]
ACCENTURE LTD (ACN.N)
The company reported a quarterly profit that beat analysts' expectations and forecast further growth in the year ahead, as more clients seek its consulting and outsourcing services despite a weak economy and gloomy financial markets. [ID:nN25534697]
Shares of Accenture rose 1 percent to $37.55 after the closing bell.
SYNNEX CORP (SNX.N)
The computer hardware distributor reported third-quarter results above market estimates, helped by higher operating margins, and gave fourth-quarter outlook mostly in line with analysts' view. [ID:nBNG346322]
Synnex shares rose about 2 percent to $21 in after-hours trade.
ALPHATEC HOLDINGS INC (ATEC.O)
The medical-technology company said its Novel Cervical Interbody implant was approved by U.S. health regulators. [ID:nBNG122420]
Shares of Alphatec closed at $4.41 Thursday on Nasdaq.
CHRISTOPHER AND BANKS CORP (CBK.N)
The women's apparel chain posted better-than-expected quarterly earnings, but forecast weak third-quarter earnings amid a challenging economic and retail environment. [nBNG319298]
Shares of the company fell 11 percent to $7.70 in trading after the bell.
AMERICAN REPROGRAPHICS CO (ARP.N)
The provider of document-management services cut its 2008 earnings and revenue forecast, citing volatile financial climate. [nBNG39059]
Shares of the company fell as much as 19 percent to $15 in trading after the bell.
ZENITH NATIONAL INSURANCE CORP (ZNT.N)
The workers' compensation insurer said it will incur third-quarter impairment charges from its investment in now bankrupt Lehman Brothers (LEHMQ.PK) and dilution of stake in American International Group (AIG.N) after its bailout. [ID:nBNG357029]
Shares of the company closed at $38.74 Thursday on the New York Stock Exchange.
EMC INSURANCE GROUP INC (EMCI.O)
The provider of property and casualty insurance cut its 2008 earnings forecast, hurt by Hurricanes Gustav and Ike, as well as losses on investments in Fannie Mae (FNM.N) and Freddie Mac (FRE.N) preferred stock. [ID:nBNG309209]
Shares of EMC closed at $29.85, up 46 cents, or 1.57 percent, Thursday on Nasdaq.
SPECTRUM CONTROL INC (SPEC.O)
The maker of electronic control systems reported a lower quarterly profit, as revenue declined. [ID:nBNG192563]
Shares of the company closed at $7.19 Thursday on Nasdaq. (Reporting by Kristina Cooke and Steven C. Johnson in New York and Purwa Naveen Raman in Bangalore; Editing by Kenneth Barry)
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