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HEADLINE STOCKS-U.S. stocks on the move on June 9

Tue Jun 9, 2009 10:53pm IST
 
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 (Updates to afternoon trade, adds banks, Pep Boys, Trimble,
BlackRock)
 NEW YORK, June 9 (Reuters) - Some U.S. stocks on the move
on Tuesday:
 JPMORGAN CHASE & CO (JPM.N: Quote, Profile, Research)
 AMERICAN EXPRESS CO (AXP.N: Quote, Profile, Research)
 GOLDMAN SACHS GROUP (GS.N: Quote, Profile, Research)
 MORGAN STANLEY (MS.N: Quote, Profile, Research)
 The four companies were named as being among the 10 banks
approved to repay the federal bailout funds received under the
government's TARP program, a source familiar with the matter
told Reuters. [ID:nWEN0216]
 Dow components JPMorgan and AmEx rose 0.8 percent to $35.68
and 4.7 percent to $26.86, respectively, while Morgan Stanley
fell 1.5 percent to $30.93 and Goldman was up 0.8 percent to
$149.46.
 BLACKROCK (BLK.N: Quote, Profile, Research)
 The money manager is near to buying Barclays Global
Investors for between $12 billion and $13 billion, people
familiar with the matter said. [ID:nL911499]
 Shares rose 8.4 percent to $183.56.
 CITIGROUP INC (C.N: Quote, Profile, Research)
 Late Monday the bank said it expects to begin its
much-delayed $58 billion stock swap later this week, as part of
a plan that could leave the government with a 34 percent stake.
[ID:nN08334378]
 Shares were flat at $3.42.
 TEXAS INSTRUMENTS (TXN.N: Quote, Profile, Research)
 The company late Monday raised its second-quarter earnings
and revenue outlook, signaling improving demand in the chip
market. [ID:nN08327409]
 Shares rose 6.1 percent to $20.97.
 NAVISTAR INTERNATIONAL CORP (NAV.N: Quote, Profile, Research)
 The truck and engine maker reported adjusted second-quarter
earnings that missed expectations and cut its adjusted
full-year outlook. [ID:nBNG76047]
 Shares rose 3.2 percent to $44.42.
 MOVADO GROUP INC (MOV.N: Quote, Profile, Research)
 The watch maker reported a first-quarter loss that was
narrower than expected and forecast a surprise profit for
fiscal 2010. [ID:nBNG492428]
 Shares rose 21 percent to $9.80.
 TALBOTS INC (TLB.N: Quote, Profile, Research)
 The company reported a first-quarter loss that was narrower
than expected and said it would cut its corporate headcount by
20 percent. [ID:nBNG26716]
 Shares rose 4.6 percent to $5.23.
 REX STORES CORP (RSC.N: Quote, Profile, Research)
 The company swung to a first-quarter loss from continuing
operations. [ID:nWNAB7856]
 Shares fell 2.2 percent to $10.44.
 PEP BOYS-MANNY, MOE & JACK (PBY.N: Quote, Profile, Research)
 Shares of the automotive parts company advanced 10 percent
to $9.25 a day after it reported a rise in its first-quarter
earnings. [ID:nBNG390713]
 KOHLBERG KRAVIS ROBERTS & CO (KFN.N: Quote, Profile, Research)
 The private equity firm invested about $350 million in a
privately-held natural gas explorer, according to a report in
the Wall Street Journal. [ID:nBNG336232]
 Shares were flat at $1.24.
 GENERAL ELECTRIC CO (GE.N: Quote, Profile, Research)
 The company's aviation unit expects orders this year to
halve as airlines slow plane buying. [ID:nSP282411]
 Shares of GE, a Dow component, were flat at $13.56.
 APPLE INC (AAPL.O: Quote, Profile, Research)
 A number of analysts raised their price targets on the tech
giant a day after it unveiled a new version of its iPhone smart
phone and cut the prices of some of its Mac notebooks and other
products. [ID:nN08331826]
 Susquehanna raised its target to $170 from $155, Barclays
upped its target to $173 from $155, and JPMorgan raised its
target by $20 to $155.
 Shares of Apple edged 0.7 percent lower to $142.80.
 TRIMBLE NAVIGATION LTD (TRMB.O: Quote, Profile, Research)
 Shares of the navigation systems maker rose 6.7 percent to
$22.53 after Wedbush Morgan upgraded it to hold, saying the
company's end markets were stabilizing. [ID:nBNG384768]
 MEN'S WEARHOUSE (MW.N: Quote, Profile, Research)
 The retailer reported first-quarter earnings that beat
estimates. [ID:nBNG484381]
 Shares rose 17 percent to $20.82.
 CALLAWAY GOLF CO (ELY.N: Quote, Profile, Research)
 The company will cut its second-quarter dividend by 85
percent to improve its cash position. It also affirmed its
full-year outlook. [ID:nBNG84247]
 Shares fell 14 percent to $6.29.
 QUIKSILVER INC (ZQK.N: Quote, Profile, Research)
 The apparel maker agreed with private equity firm Rhone to
take a five-year loan of about $150 million to improve
Quicksilver's liquidity position and posted an adjusted
quarterly profit that lagged market estimates by 1 cent a
share, hurt by lower gross margins. [ID:nBNG505331]
 Shares fell 21 percent to $2.87.
 (Reporting by Ryan Vlastelica; Editing by Leslie Adler) 


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