(Updates to after the open, adds TXCO Resources, MGM Mirage,
Perfect World, STEC)
NEW YORK, May 18 (Reuters) - Some U.S. stocks to watch on
Monday:
STATE STREET CORP (STT.N)
The bank plans to sell stock and bonds in order to repay an
infusion of taxpayer funds. It also took a $3.7 billion
after-tax charge. For more see [ID:nN18328122].
Shares of State Street rose 2.8 percent to $39.59.
LOWE'S COS INC (LOW.N)
Shares of the home improvement retailer rose 9.5 percent to
$20.23 after it reported its first-quarter results.
[ID:nN18278974]
AMERICAN INTERNATIONAL GROUP INC (AIG.N)
The insurance company is to speed up plans to list its
Asian unit through an IPO that could raise more than $4
billion. [ID:nN17390217]
Shares rose 5.2 percent to $1.81.
BANK OF AMERICA CORP (BAC.N)
Shares of the Dow component rose 8.7 percent to $11.60
after Goldman Sachs added it to its conviction buy list.
ONYX PHARMACEUTICALS INC (ONXX.O)
The pharmaceutical company on Sunday said it sued Bayer AG
BAYG.DE over its rights to an anti-cancer compound that it
says it discovered during joint research with the German
drugmaker. [ID:nN17389823]
Shares of Onyx fell 2.4 percent to $24.70.
MGM MIRAGE (MGM.N)
JPMorgan upgraded the company to overweight, saying it saw
no near-term bankruptcy fears for the stock. [ID:nBNG491096]
Shares gained 5.1 percent to $8.06.
TXCO RESOURCES INC TXCO.O
The oil and gas company filed for Chapter 11 bankruptcy
protection, saying it continued to experience substantial
difficulties in meeting short-term cash needs. [ID:nBNG432858]
Shares sank 34 percent to 35 cents.
WAL-MART STORES INC (WMT.N)
Barron's on Sunday wrote that the retailer knows its stock
is trading at a bargain, noting that it bought 19.2 million of
its own shares in the latest quarter. [ID:nN17267159]
In addition, the Wall Street Journal reported the company
was revamping its electronics departments to attract customers
who previously shopped at Circuit City Stores. [ID:nN17290537]
Shares of Wal-Mart rose 1.8 percent to $49.03.
CERNER CORP (CERN.O)
Barron's on Sunday wrote that though shares of Cerner were
expensive, there could still be further upside because of
"gaping holes" in healthcare information that were starting to
get filled. [ID:nN17508381]
Shares of Cerner rose 1.5 percent to $56.33.
MEDTRONIC INC (MDT.N)
Barron's on Sunday forecast upside of 25 percent to 30
percent for Medtronic over the next 12 months, citing the
company's cash levels, desire for acquisitions and commitment
to stock buybacks and dividends. [ID:nN17281733]
Shares of Medtronic rose 0.9 percent to $33.69.
STEC INC (STEC.O)
Barron's wrote that shares of the flash memory technology
company could rise if it delivers on its 2010 profit outlook.
[ID:nN17280007]
Shares rose 4.5 percent to $15.
LOGILITY INC LGTY.O
Business software maker American Software Inc (AMSWA.O)
said it would raise its tender offer price for Logility.
[ID:nWNAB0578]
Logility shares shot up 35 percent to $6.93.
XTENT INC XTNT.O
The company's board approved a plan to liquidate the
company's assets, after considering potential strategic
alternatives. [ID:nBNG384362]
Shares sank 64 percent to 36 cents.
(Reporting by Ryan Vlastelica, editing by Walker Simon)
