HEADLINE STOCKS-Some U.S. stocks on the move on July 13
(Updates to after the open, adds J&J, Google , Cincinnati Financial, Cardionet and Cepheid. Updates BofA.)
NEW YORK, July 13 (Reuters) - Some U.S. stocks on the move on Monday:
GOLDMAN SACHS GROUP INC (GS.N)
Meredith Whitney Advisory upgraded the stock to "buy" from "neutral," saying the company would be a key competitor in the government, corporate and municipal debt markets. [ID:nBNG121776]
Shares rose 3.1 percent to $146.30.
CIT GROUP INC (CIT.N)
The commercial lender on Sunday said it remains in discussions with regulators on measures to improve its near-term liquidity position. [ID:nBNG44695]
Shares sank 24 percent to $1.16.
GOOGLE INC (GOOG.O)
Jefferies raised its price target on the Internet company to $465 from $442 ahead of its quarterly results, citing resilience in paid clicks and the ability to lower traffic acquisition costs. [ID:nBNG230919]
Shares rose 0.5 percent to $416.40.
CINCINNATI FINANCIAL CORP (CINF.O)
The insurance company expects second-quarter earnings to be hurt by catastrophe losses of about $106 million. [ID:nBNG429767]
Shares rose 1.3 percent to $21.81.
JOHNSON & JOHNSON (JNJ.N)
U.S. drug reviewers will ask an advisory panel if they should wait for more data before deciding whether to approve a proposed ovarian cancer drug from J&J and Spanish company Zeltia (ZEL.MC), documents released on Monday said. [ID:nN13151551]
Shares of the Dow component edged 0.1 percent lower to $56.88.
CEPHEID INC (CPHD.O)
The Food and Drug Administration granted marketing approval for the company's diagnostic test to detect a possibly fatal bacterial infection. [ID:nBNG390844]
Shares gained 4.4 percent to $8.84.
BANK OF AMERICA CORP (BAC.N)
Influential bank analyst Meredith Whitney said on CNBC the stock was among the cheapest big banks relative to tangible book value. [ID:nWEN0483]
Shares of the Dow component rose 4.1 percent to $12.36.
ROCKWELL AUTOMATION INC (ROK.N)
JPMorgan upgraded the company to "overweight," saying it viewed the diversified U.S. manufacturer's software business as the kicker to an attractive long-term growth story. [ID:nBNG497861]
Shares rose 3.4 percent to $32.19.
FASTENAL CO (FAST.O)
The company reported second-quarter results that missed expectations. [ID:nBNG500442]
Shares fell 5.2 percent to $30.06.
UBS AG (UBS.N) (UBSN.VX)
The Swiss bank and U.S. government sought to delay a major U.S. tax trial, a move that could point to a possible negotiated settlement. [ID:nLD512868]
U.S.-listed shares rose 3.8 percent to $12.10.
MCGRAW-HILL COS INC (MHP.N)
The company has hired Evercore Partners (EVR.N) to sell its BusinessWeek magazine, according to a Bloomberg report. [ID:nBNG416763]
Shares of McGraw-Hill fell 1.1 percent to $29.75.
HOKU SCIENTIFIC INC (HOKU.O)
The supplier of raw materials to the solar industry may explore the sale of the company as it struggles to raise capital for a polysilicon plant in Idaho. [ID:nBNG462815]
Shares fell 8.3 percent to $2.09.
WALGREEN CO (WAG.N)
Barron's wrote that the drugstore chain could present a way for investors to capitalize on the Obama administration's healthcare plans. [ID:nN12526240]
Shares rose 0.4 percent to $28.96.
BERKSHIRE HATHAWAY INC (BRKa.N)
Barron's wrote that the company was appealing to investors now because of a strong portfolio of companies and shares that are low on a book-value basis. [ID:nN1283148]
Shares of Berkshire rose 1 percent to $85,950.
CHARLES SCHWAB CORP (SCHW.O)
The online broker's assets could grow between 8 percent and 10 percent annually, the company's top executives said in the latest issue of Barron's. [ID:nN12487956]
Shares of Charles Schwab rose 1 per cent to $16.64.
RSC HOLDINGS INC (RRR.N)
The company said its non-construction industrial clients, such as food processing and petrochemicals customers, are spending more on maintenance and repair services, helping support company revenue, Barron's reported on Sunday. [ID:nN1268314]
Shares gained 6.5 percent to $6.39.
CARDIONET INC (BEAT.O)
Shares sank 35 percent to $5.75 a day after it withdrew its 2009 outlook as Pennsylvania Medicare carrier Highmark cut the reimbursement rate for mobile cardiac outpatient telemetry services. [ID:nBNG526625]
(Reporting by Ryan Vlastelica; Editing by Padraic Cassidy)










