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HEADLINE STOCKS-Some U.S. stocks on the move on July 13

Mon Jul 13, 2009 9:49am EDT

Stocks

   

(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)



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