May 7 Some U.S. stocks to watch on Monday:
AMERICAN INTERNATIONAL GROUP, Friday close $32.83,
down 7 pct premarket
The U.S. Treasury has agreed to cut its ownership stake in
the insurer to 63 percent by selling 163.9 million shares for
approximately $5 billion, with AIG agreeing to buy back about $2
AT&T INC, Friday close $32.86, down 0.3 pct premarket
The No. 2 U.S. mobile operator is making a big investment in
a nationwide wireless home monitoring service that could
potentially add $1 billion to its annual revenue as part of the
company's ongoing effort to expand beyond cell phones.
COGNIZANT TECHNOLOGY SOLUTIONS, Friday close
$69.66, down 8 pct premarket
The information technology services provider lowered its
forecast for the full year on low demand, echoing the bleak
outlook given by most of its rivals.
MICRON TECHNOLOGY, Friday close $6.55, up 1.5 pct
The chipmaker won the right to negotiate exclusively to buy
Elpida Memory Inc after offering more than 200 billion yen ($2.5
billion) for the failed Japanese chipmaker, a source with direct
knowledge of the deal said, paving the way for the U.S. company
to more than double its global market share.
DIGITALGLOBE INC, Friday close $16.44
The satellite imagery company on Sunday rejected a $792
million takeover offer from rival GeoEye Inc, saying
the hostile bid substantially undervalued the company and its
PRICELINE.COM INC, Friday close $736.12
The online travel agency has the potential to increase
earnings as it takes market share in the United States and
continues to grow rapidly in Asia, Nomura said and upgraded the
stock to "neutral."
CVR ENERGY INC, Friday close $30.05
Carl Icahn won control of the oil refiner as shareholders
backed his $2.6 billion takeover, ending a three-month long
tussle with the company's board.