HEADLINE STOCKS-Some U.S. stocks to watch on June 30
NEW YORK, June 30 (Reuters) - Some U.S. stocks to watch on Tuesday:
ABBOTT LABORATORIES INC (ABT.N)
JOHNSON & JOHNSON INC (JNJ.N)
A U.S. federal jury returned a $1.67 billion verdict against Abbott in a patent suit brought by Johnson & Johnson related to arthritis treatments, the drug companies said on Monday. For more see [ID:nN29459287].
Shares of Abbott closed Monday at $47.82 while J&J, a Dow component, was up 0.8 percent to $57.44 in premarket trading.
FORD MOTOR CO (F.N)
The automaker late Monday forecast increased U.S. market share and said its sales would hold up much better than the rest of the industry. It also increased production. [ID:nN29399395]
Shares gained 2.8 percent to $5.94 in premarket trading.
VISA INC (V.N)
The credit card company will deposit $700 million into a litigation escrow account. [ID:nN30430306]
Shares edged 0.1 percent lower to $62.92 in premarket trading.
BANK OF NEW YORK MELLON CORP (BK.N)
NASDAQ OMX GROUP INC (NDAQ.O)
Bank of NY Mellon has made a minority equity investment in a Nasdaq OMX Group Inc unit that clears and settles interest rate swaps and other fixed-income derivatives contracts. Terms were not disclosed. [ID:nN30426694]
Shares of Bank of NY Mellon closed Monday at $29.71 while Nasdaq OMX shares closed at $21.45.
PARK ELECTROCHEMICAL CORP (PKE.N)
The electronic circuitry products maker reported first-quarter earnings that missed expectations, and revenue that was down 39 percent from the prior year. [ID:nBNG53429]
Shares closed Monday at $21.75.
SCHNITZER STEEL INDUSTRIES INC (SCHN.O)
The company swung to a surprise third-quarter loss but said it sees prices and volumes improving in the current quarter. [ID:nBNG438112]
Shares fell 5 percent to $57.20 in premarket trading.
AMERICAN INTERNATIONAL GROUP INC (AIG.N)
AIG revised its 2008 annual report to add a new risk factor that shows it may recognize valuation losses on a credit default swap portfolio held by its troubled financial products unit. [ID:nN29406743]
Shares of AIG rose 3 cents to $1.36 in premarket trading.
BANK OF AMERICA CORP (BAC.N)
Rochdale Securities analyst Richard Bove cut his 2009 earnings estimates on Bank of America to 65 cents a share from 71 cents a share. He wrote that the company was "likely to increase its net charge-offs in the quarter due to the continued weakness in the economy."
Shares of the Dow component rose 0.5 percent to $13.26 in premarket trading.
STATE STREET CORP (STT.N)
Rochdale Securities analyst Richard Bove raised his price target on the company to $60 from $52, saying that "business is good" at the financial services company, and that the negatives against the stock "are not that compelling."
Shares closed at $48.50.
FEDEX CORP (FDX.N)
Barclays upgraded the shipping company to "overweight," writing that the market was underestimating the company's upside potential. [ID:nBNG487123]
Shares closed Monday at $55.63.
PFIZER INC (PFE.N)
WYETH WYE.N
European Union antitrust authorities on Tuesday extended the deadline for their review of Pfizer's $68 billion plan to take over rival Wyeth to July 20 from July 6. [ID:nBFA002955]
Later, the European Commission said that Pfizer has offered remedies aimed at tackling concerns that the takeover may be anti-competitive. [ID:nLU646603]
Shares of Pfizer, a Dow component, closed Monday at $15.26 while Wyeth shares closed at $45.35.
EXCO RESOURCES INC (XCO.N)
BP Group (BG.L) will pay EXCO $1.3 billion for an interest in shale gas resources. The two companies will each own half of a venture to which EXCO is contributing 120,000 acres of land in the Haynesville shale gas area. [ID:nLU618520]
Shares of EXCO surged 7.9 percent to $12 in premarket trading.
JPMORGAN CHASE & CO (JPM.N)
Jamie Dimon, the chief executive officer of JPMorgan Chase, may raise base salaries for investment bankers to remain competitive while avoiding big bonuses, according to a report in the New York Post. [ID:nLU644327]
Shares of JPMorgan, a Dow component, closed Monday at $34.60.
APOLLO GROUP INC (APOL.O)
The for-profit education provider reported third-quarter results that beat expectations. [ID:nBNG454157]
Shares surged 6.5 percent to $70.26 in premarket trading.
MOMENTA PHARMACEUTICALS INC (MNTA.O)
The biotechnology company's anticoagulant drug met the mail goal in mid-stage trial on heart patients. [ID:nWNAB3053]
Shares rose 5 percent in after-hours trade.
HEALTHGRADES INC (HGRD.O)
The company has been added to the Russell 3000 Index following the Russell Investment Group's reconstitution of its family of U.S. indexes.
Shares rose more than 5 percent in after-hours trading on Monday.
FCSTONE GROUP INC FCSX.O
The commodity risk management firm closed a credit facility between its unit FCStone LLC and a lending syndicate. [ID:nBNG465149]
Shares rose 2 percent in after-hours trading.
ASSOCIATED BANC-CORP (ASBC.O)
The company said it may post a second-quarter loss as it expects to record about $145 million to $160 million as provision for loan losses in the quarter. [ID:nBNG508489]
Shares fell more than 2 percent in trading after the bell. (Reporting by Ryan Vlastelica; Editing by James Dalgleish)










