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HEADLINE STOCKS-U.S. stocks on the move on April 17

Fri Apr 17, 2009 1:39pm EDT

Stocks

   

(Updates to afternoon trading, adds McDonald's, Superior and Zumiez)

NEW YORK, April 17 (Reuters) - Some U.S. stocks on the move on Friday:

CITIGROUP (C.N)

The bank reported a first-quarter loss that was narrower than expected. It also said it would delay the proposed exchange of billions of dollars of preferred shares into common stock until the government completed its "stress test" of large banks. [ID:nN17310824]

Shares of the company, a Dow component, fell 4.2 percent to $3.84.

GENERAL ELECTRIC (GE.N)

The industrial conglomerate on Friday reported first-quarter results that were better than expected and said its order backlog was steady at its industrial arm. [ID:nN17446745]

Shares of the company, a Dow component, rose 2.6 percent to $12.59 a share.

GENERAL MOTORS GM.N

Shares slid 5.2 percent to $1.84 after the automaker's CEO said that while the company could still restructure out of court, it was more probable it may need to seek bankruptcy protection to complete that process. [ID:nN17328447]

GOOGLE INC (GOOG.O)

The Internet search company late Thursday reported first-quarter earnings that beat expectations, but also said that the economic environment remained difficult. [ID:nN16272680]

Shares rose 0.5 percent to $390.65.

MATTEL MAT.N

The toy company reported a first-quarter loss that was a penny wider than expectations, but investors were cheered by the company's better gross margins. Sales were down 15 percent in the quarter. [ID:nN17188731]

Shares of Mattel rose 15 percent to $14.98.

MCDONALD'S CORP (MCD.N)

Shares rose 1.8 percent after the company's CEO said he saw some thawing in the current economic environment in an interview on CNBC. [ID:nN17334204]

JPMORGAN CHASE (JPM.N)

KBW on Friday raised its price target on the bank to $38 from $30, though it lowered its 2009 earnings outlook on the company to $1.25 a share from $1.50, citing higher credit costs. [ID:nWNAB4321]

Shares of JPMorgan, a Dow component, rose 0.6 percent to $33.43.

GAMESTOP CORP (GME.N)

Shares fell 3.7 percent to $28.61 after the video game retailer affirmed its first-quarter outlook. [ID:nWNAB4500]

BB&T CORP (BBT.N)

The regional bank reported first-quarter results that beat expectations. [ID:nN17272631]

Shares rose 14 percent to $24.05.

MEDIA GENERAL (MEG.N)

The newspaper publisher and broadcaster reported a first-quarter loss and a drop in ad sales. [ID:nN17309724]

Shares tumbled 12 percent to $2.61.

SWS GROUP INC (SWS.N)

The financial services company gave a third-quarter outlook for its earnings and revenue and forecast loan loss provision of about $4 million in its June quarter. [ID:nWNAB4478]

Shares fell 7.5 percent to $13.90.

ICU MEDICAL INC (ICUI.O)

The maker of disposable medical connection systems posted better-than-expected quarterly results and affirmed its outlook for 2009. [ID:nBNG444353]

Shares rose 8.6 percent to $34.55.

ZUMIEZ (ZUMZ.O)

Shares soared 19 percent to $11.22 after KeyBanc upgraded the snowboarding-gear retailer to "buy" from "hold."

SUPERIOR ENERGY SERVICES (SPN.N)

Shares rose 9.2 percent to $17.28 after it Citigroup started coverage on the oilfield services company with a "buy" rating.

DRYSHIPS INC (DRYS.O)

The Greek dry bulk carrier said it has completed its at-the-market equity offering of $500 million, strengthening its balance sheet and helping the company to reduce debt. [ID:nBNG387977]

Shares rose 26 percent to $6.97.

CYTEC INDUSTRIES INC (CYT.N)

The specialty chemical maker reported worse-than-expected quarterly results, forecast full-year earnings below market estimates and slashed its dividend by 90 percent. [ID:nBNG443727]

Shares dropped 17 percent to $15.09.

TEMPUR-PEDIC INTERNATIONAL INC (TPX.N)

The mattress maker reported a better-than-expected first-quarter profit on lower costs and backed its 2009 profit outlook. [ID:nBNG383240]

Shares rose 17 percent to $10.70.

PEOPLE'S UNITED FINANCIAL INC (PBCT.O)

The company posted first-quarter earnings that missed expectations. [ID:nBNG443109]

Shares fell about 6.2 percent to $16.

VASCULAR SOLUTIONS INC (VASC.O)

The medical device maker forecast 2009 earnings below market estimates. [ID:nBNG443918]

Shares fell 6.5 percent to $6.17. (Reporting by Ryan Vlastelica; Editing by Leslie Adler)



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