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Some U.S. stocks to watch on June 15

Mon Jun 15, 2009 8:53am EDT

Stocks

   

NEW YORK, June 15 (Reuters) - Some U.S. stocks to watch on June 15:

CITIGROUP INC (C.N)

The company is launching a $1.25 billion partnership with International Finance Corp, a private-sector arm of the World Bank, to cash in on opportunities arising from the scarcity of credit, according to a report in the Financial Times. [ID:nBNG384451]

Shares fell 4 cents to $3.43 in premarket trading.

BOEING CO (BA.N)

The planemaker's commercial aircraft chief expects growth to return to the industry in the middle of next year. [ID:nLF505340]

Shares of Boeing, a Dow component, closed Friday at $51.44.

CAPITAL ONE FINANCIAL CORP (COF.N)

The credit card company said defaults soared in May, as job losses mounted in the United States and as Americans struggled to pay their debts. [ID:nN15217005]

BANK OF AMERICA CORP (BAC.N)

The company is experiencing "horrific" loan losses, Rochdale Securities analyst Richard Bove said, adding that the bank may have to set aside loan loss provisions of $46 billion this year. [ID:nBNG28092]

Shares of the Dow component edged 0.9 percent lower to $13.60 in premarket trading.

WAL-MART STORES INC (WMT.N)

Goldman Sachs downgraded the retailer to "neutral," seeing few near-term positive catalysts to drive the stock higher as it faces expense pressures and tougher sales comparisons. [ID:nBNG122062]

Shares of the Dow component fell 1.7 percent to $49 in premarket trading.

YAHOO INC (YHOO.O)

Citi upgraded the stock to "buy" from "hold," calling it a turnaround and value play. It added there were indications of market share stabilization at the Internet media company, and raised its price target on the stock to $21 from $15.

Shares rose 1 percent to $16.57 in premarket trading.

CEMEX (CX.N)(CMXCPO.MX)

Holcim, the Swiss cement maker, is buying the Australian unit of debt-laden Mexican rival Cemex for $1.64 billion. [ID:nLF267958]

U.S.-listed shares of Cemex closed Friday at $11.34.

MCDONALD'S CORP (MCD.N)

Shares of the fast food chain could advance on a market recovery, new specialty coffee products, growth in China and a more stable dollar, Barron's reported in its June 15 issue. [ID:nN14134539]

Shares of the Dow component slid 0.5 percent to $58.06 in premarket trading.

TOYOTA MOTOR CORP (TM.N)(7203.T)

U.S.-listed shares of the Japanese car company are well-positioned for any recovery in the auto industry, and could benefit from woes at bankrupt peer General Motors Corp GMGMQ.PK, Barron's reported in the June 15 issue. [ID:nN14133442]

Toyota ADRs closed Friday at $78.84.

HANOVER INSURANCE GROUP INC (THG.N)

Barron's reported the small property and casualty company was a safe bet in hard times, and that its shares were poised to surge more than 30 percent. [ID:nN14134426]

Shares closed Friday at $36.42.

RANGE RESOURCES CORP (RRC.N)

Shares of the energy company could soar on an expected rise in natural gas prices as well as a large purchase of land that could yield vast amounts of natural gas, Barron's reported. [ID:nN14132126]

Shares closed Friday at $46.81.

OIL-DRI CORP OF AMERICA (ODC.N)

The cat litter maker said it expects to lose branded litter sales and related profitability with its largest customer, which will impact fiscal 2010 sales and net income. [ID:nBNG410734]

Shares fell 7 percent to $17.40 in after-hour trading on Friday.

COLUMBIA BANKING SYSTEM INC (COLB.O)

The Washington state and Oregon bank holding company forecast a second-quarter loss of 37 cents to 43 cents a share, hurt by higher provision for loan losses. [ID:nBNG426005]

Shares closed Friday at $12.60. (Reporting by Ryan Vlastelica; editing by Jeffrey Benkoe)



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