HEADLINE STOCKS-U.S. stocks to watch on May 26
NEW YORK, May 26 (Reuters) - Some U.S. stocks to watch on Tuesday:
GENERAL ELECTRIC CO (GE.N)
Jeff Immelt, the chief executive officer of GE, on Tuesday said that growth at the company will be "harder to come by" in coming years given the prospect that the global economy may grow at a slower pace once it emerges from recession. [ID:nT212130]
Shares of GE, a Dow component, fell 10 cents to $13 in premarket trading.
BANK OF AMERICA CORP (BAC.N)
Friedman Billings Ramsey upgraded the stock to market perform, citing the successful completion of the first half of the bank's capital plan. [ID:nBNG465139].
Shares rose 7 cents to $11.14 in premarket trading.
AMERICAN EXPRESS (AXP.N)
FBR forecast a profit of 31 cents a share for American
Express (AXP.N) in 2009, compared with a previous estimate of a
loss of 17 cents a share. It cited cost cuts, debt transactions
and the anticipated pay down of TARP in the third quarter in
its decision. [ID:nWNAB3170].
Shares slipped 0.6 percent to $23.25 in premarket trading.
APPLE INC (AAPL.O)
Morgan Stanley upgraded the tech company to overweight, saying the iPhone maker is emerging as the clear leader in the battle over mobile Internet and will see iPhone-driven earnings growth over the next two years. [ID:nBNG62341]
Shares rose 2.5 percent to $125.55 in premarket trading.
UNITED THERAPEUTICS CORP (UTHR.O)
The Food and Drug Administration approved the company's orally administered drug tadalafil for the treatment of pulmonary arterial hypertension. [ID:nBNG59984]
Shares rose 9.7 percent to $73.01 in premarket trading.
MAP PHARMACEUTICALS INC (MAPP.O)
The company's experimental migraine drug reached all four goals of a late-stage clinical study. [ID:nN25369616]
Shares closed Friday at $3.15.
AMGEN INC (AMGN.O)
The company exercised its option to license Cytokinetics
Inc's (CYTK.O) cardiac contractility program, including the
rights to a heart-failure drug. [ID:nBNG488819]
Shares of Amgen closed Friday at $49.30.
FIRST SOLAR (FSLR.O)
Barron's wrote that First Solar shares could take a hit if its customers turn to lower-priced rivals as the price of refined silicon falls. [ID:nN24420339]
Shares of First Solar slid 4.5 percent to $183 in premarket trading.
THERMO FISHER SCIENTIFIC (TMO.N)
Barron's wrote that shares of Thermo Fisher were poised to recover after falling more than 40 percent in the past year, and that the government's stimulus package could help lift demand. [ID:nN24418867]
Shares closed Friday at $36.26.
DUKE ENERGY (DUK.N)
The company may be building its last two coal plants to bet instead on nuclear power, the company's chief executive said on Tuesday. [ID:nLQ58965]
Shares closed Friday at $13.69. (Reporting by Ryan Vlastelica; Editing by Kenneth Barry)
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