April 2, 2009 / 12:35 PM / 11 years ago

HEADLINE STOCKS-U.S. stocks to watch on April 2

 NEW YORK, April 2 (Reuters) - Some U.S. stocks to watch on Thursday:
 ALLSTATE CORP (ALL.N)
 The home and car insurance company awarded its CEO a 2008 compensation that was 12 percent lower than it was in the previous year. [ID:nN01475594]
 The stock closed Wednesday at $20.06.
 BANK OF AMERICA (BAC.N)
 CEO Kenneth Lewis told CNBC that that the bank had a “huge” capital cushion even if the economy continues to deteriorate. [ID:nWEN6792]
 The stock, a Dow component, rose 8.8 percent to $7.67.
 BIOGEN (BIIB.O)
 The company recommended that its shareholders vote against a slate of four people nominated by Carl Icahn for election to the company’s board. [ID:nWNAB9906]
 The stock closed Wednesday at $51.88.
 BLACKSTONE GROUP (BX.N)
 The alternative asset manager is trying to roll out a new fund geared toward providing financing for struggling companies, according to a report in the New York Post. [ID:nBNG22954]
 Shares closed Wednesday at $7.33.
 CHANGYOU.COM (CYOU.O)
 The online gaming company priced its $120 million initial public offering at $16 per share, the top of its indicated range. It will begin trading later on Thursday. [ID:nBNG493707]
 CONTINENTAL AIRLINES (CAL.N)
 The airline reported a decline of 9.7 percent in its March traffic, as the economy pressured demand for travel. [ID:nN01258562]
 The stock closed Wednesday at $9.23.
 COSTCO WHOLESALE (COST.O)
 The retailer plans to close two of its Costco Home stores because of the economic slowdown and weakness in the home furnishings business. [ID:nBNG503396]
 Shares closed Wednesday at $46.35.
 EXCEL MARITIME CARRIERS LTD EXM.N
 The dry bulk carrier secured covenant waivers from lenders for two outstanding credit facilities and obtained a $45 million capital infusion from its major shareholder. [ID:nBNG502291]
 The stock rose 3 percent to $4.44 in after-hours trading.
 GOLDMAN SACHS (GS.N)
 MORGAN STANLEY (MS.N)
 Barclays raised its first-quarter earnings outlook on Goldman to $1.70 a share from 80 cents a share, but forecast a loss of $1.30 a share for Morgan Stanley. It previously saw earnings of 24 cents a share.
 The firm expects structured debt losses of about $950 million at Morgan Stanley, as well as larger principal investment marks from real estate companies. [ID:nWNAB0032]
 Goldman shares rose 2.7 percent to $113.25 in premarket trade while Morgan Stanley shares rose 4.5 percent to $24.80.
 LEGG MASON (LM.N)
 The investment management company said it would repay $250 million of its revolving credit facility and that it sold the remaining $49 million in SIV exposure on its balance sheet. [ID:nWNAB9878]
 Shares of Legg Mason closed Wednesday at $16.40.
 MGM MIRAGE (MGM.N)
 The company late Wednesday said it was able to meet its funding obligations on an $8 billion Las Vegas complex. [ID:nN01526427]
 The stock surged 31.2 percent to $3.45.
 MONSANTO MON.N
 The company reported its second-quarter results and gave a full-year outlook. [ID:nWNAB0102]
 The stock rose 5.2 percent to $85.98.
 RITE AID CORP (RAD.N)
 The drug store chain reported a fourth-quarter loss that was wider than expected, and a decline of 0.1 percent in its quarterly same-store sales. [ID:nN02543521]
 The stock closed Wednesday at 39 cents.
 UNIFIRST CORP (UNF.N)
 The uniform and protective clothing maker posted a higher-than-expected quarterly profit, helped by lower fuel costs and strong performance of its specialty garments segment. [ID:nBNG501814]
 The stock rose 10 percent to $31.80 in after-hours trading.
 (Reporting by Ryan Vlastelica)   

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