(Updates to afternoon trade, adds Signet, Fifth Third,
Novavax, Travelers, Anadys, Saks, Wet Seal, Abercrombie, Ross
Stores, TJX and Buckle)
NEW YORK, June 4 (Reuters) - Some U.S. stocks on the move
on Thursday:
JOHNSON & JOHNSON (JNJ.N)
The company said it was "very optimistic" about the future
of its pharmaceutical unit and detailed plans to address five
therapeutic areas. [ID:nN0493662]
Shares of the Dow component slid 0.8 percent to $55.70.
WAL-MART STORES INC (WMT.N)
The discount retailer said it would add more than 22,000
jobs in its U.S. namesake stores in 2009, pointing to lower
growth compared with this year. [ID:nN03123661]
Shares slid 0.1 percent to $50.81.
FIFTH THIRD BANCORP (FITB.O)
The bank expects to more than fill a $1.1 billion capital
shortfall found by U.S. regulators. It also said it would focus
on repaying federal bailout money.
The bank sold $1 billion of common stock, $250 million more
than planned, at an average $6.33 per share. It said this sale,
plus other actions available to it, could generate an
additional $2 billion of Tier 1 common equity. [ID:nN04212234]
The stock rose 8.4 percent to $7.06.
COSTCO WHOLESALE CORP (COST.O)
The retailer reported a drop of 7 percent in its May
same-store sales when fuel is included. Comparable sales were
up 1 percent excluding fuel. [ID:nBNG109510]
Shares fell 1.7 percent to $47.67.
AMERICAN EAGLE OUTFITTERS INC (AEO.N)
The retailer reported a drop of 7 percent in its May
same-store sales. [ID:nWNAB6602]
Shares fell 1 percent to $15.04.
AEROPOSTALE INC (ARO.N)
The retailer reported an increase of 19 percent in its May
same-store sales. [ID:nWNAB6629]
Shares were flat at $36.61.
GAP INC (GPS.N)
The retailer reported a drop of 6 percent in its May
same-store sales. [ID:nWNAB6611]
Shares sank 7.5 percent to $16.86.
SAKS INC (SKS.N)
The luxury retailer reported a drop of 26.6 percent in May
same-store sales. [ID:nWNAB6646]
Shares fell 0.7 percent to $4.02.
THE BUCKLE INC (BKE.N)
The retailer reported an increase of 13.4 percent in its
May same-store sales. [ID:nWNAB6559]
Shares fell 2.7 percent to $35.11.
TJX COMPANIES INC (TJX.N)
The company forecast a drop of 3 percent to 5 percent in
its June same-store sales. [ID:nWEN0057]
Shares fell 1 percent to $30.42.
ROSS STORES INC (ROST.O)
The retailer reported an increase of 4 percent in its May
same-store sales. [ID:nWNAB6653]
Shares fell 3.4 percent to $38.71.
ABERCROMBIE & FITCH CO (ANF.N)
The retailer reported a drop of 28 percent in its May
same-store sales. [ID:nWNAB6618]
Shares tumbled 10 percent to $28.41.
WET SEAL INC (WTSLA.O)
The retailer reported a drop of 8.4 percent in its May
same-store sales. [ID:nWNAB6557]
Shares rose 6.7 percent to $3.20.
TARGET CORP (TGT.N)
The company reported a drop of 6.1 percent in its May
same-store sales. [ID:nWNAB6640]
Shares fell 1.2 percent to $40.46.
ANADYS PHARMACEUTICALS INC (ANDS.O)
The company said it would cut 40 percent of its work force
and suspend the development of a drug being studied in
hepatitis C and cancer. [ID:nBNG417562]
Shares sank 5.4 percent to $1.93.
TRAVELERS COS INC (TRV.N)
The insurance company raised its 2009 operating earnings
outlook by 5 cents a share. [ID:nN04220433]
Shares rose 1.3 percent to $43.25.
SIGNET JEWELERS LTD (SIG.N)
The jewelry retailer reported first-quarter earnings that
rose from the prior year, helped by cost cutting, and a drop of
7.3 percent in its quarterly sales. [ID:nN03457994]
Shares rose 2.4 percent to $19.85.
NOVAVAX INC (NVAX.O)
The company signed a deal with the National Institutes of
Health to jointly evaluate a vaccine for the H1N1 flu virus.
[ID:nBNG419542]
Shares surged 56 percent to $2.93.
WIND RIVER SYSTEMS WIND.O
INTEL CORP (INTC.O)
Shares of Wind River soared 44 percent to $11.51 after
Intel said it would buy the company for about $884 million.
[ID:nWNAB6613]
Shares of Intel, a Dow component, rose 0.6 percent to
$16.02.
CIENA CORP (CIEN.O)
Shares rose 4.2 percent to $11.47 after the communications
equipment maker reported a bigger-than-expected second-quarter
loss and sales that were lower than expected. The chief
executive said order flows bode well for third-quarter
revenues, and an analyst said the second quarter "looks like a
bottom." [ID:nN03110699]
GOLDMAN SACHS GROUP INC (GS.N)
Bernstein Research upgraded the financial services company
to outperform from market perform and raised its price target
to $176 from $113. [ID:nWNAB6552]
Shares rose 4.7 percent to $148.88.
APPLE INC (AAPL.O)
Societe Generale started coverage on the company at buy,
calling it one of the strongest brands in the consumer
electronic industry. [ID:nBNG386177]
Separately, Apple said it would invest up to $1 billion
over the next nine years to build a data center in North
Carolina. [ID:nN03132336]
Shares rose 1.9 percent to $143.69.
HARTFORD FINANCIAL SERVICES GROUP (HIG.N)
The insurance company's CEO said he would retire by the end
of the year. [ID:nN04188920]
Shares fell 1.8 percent to $15.14.
FORD MOTOR CO (F.N)
The auto company's car venture in China sold 48.7 percent
more vehicles from a year earlier, its Chinese partner said.
[ID:nSHA320235]
Shares rose 2.6 percent to $6.34.
UAL CORP (UAUA.O)
The parent company of United Airlines has asked Boeing
(BA.N) and Airbus (EAD.PA) to put forward competing bids for up
to 150 new airliners, according to a report in the Wall Street
Journal. [ID:nBNG175386]
Shares fell 3.6 percent to $5.10.
HALOZYME THERAPEUTICS INC (HALO.O)
The company said it wouldn't further develop its
bisphosphonate-PH20 Phase 1 program for osteoporosis based on
results of an open-label study. [ID:nBNG337653]
Shares rose 2.5 percent to $7.94.
COLLECTIVE BRANDS INC (PSS.N)
The footwear retailer reported first-quarter earnings that
beat expectations but forecast a challenging sales environment
in the second quarter. [ID:nBNG489889]
Shares fell 4.3 percent at $15.20.
GEOEYE INC (GEOY.O)
The company said the previously-announced problem with one
of its satellites didn't materially impact revenue and that
even under the worst case, the impact will be less than 5
percent of projected revenue.[ID:nBNG337693]
Shares rose 1.2 percent at $22.35.
HOT TOPIC INC (HOTT.O)
The company posted a worse-than-expected 6.4 percent drop
in May same-store sales, hurt by lower transactions and a fall
in average transaction amount. [ID:nBNG318827]
Shares fell 3.6 percent to $7.27.
COMTECH TELECOMMUNICATIONS CORP (CMTL.O)
The telecommunications equipment maker posted quarterly
earnings that beat estimates. [ID:nBNG291250]
Shares rose 4.5 percent to $30.59.
ADOLOR CORP (ADLR.O)
The biopharmaceutical company said it was cutting about 28
percent of its workforce and restructuring its discovery group
to focus on late-stage, preclinical compounds to lower cash
burn. [ID:nBNG318680]
Shares fell 6.6 percent to $2.11.
G-III APPAREL GROUP LTD (GIII.O)
The clothing maker posted a narrower-than-expected
quarterly loss, helped by strength at its dress and sportswear
businesses, and forecast second-quarter revenue slightly above
Wall Street estimates. [ID:nBNG465869]
Shares rose 18 percent to $9.99.
(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)
