HEADLINE STOCKS - U.S. stocks on the move, May 22

(Updates throughout; adds Ford, First Marblehead, Zale, Blue
Coat)

NEW YORK, May 22 (Reuters) - Some U.S. stocks on the move
on Thursday:

NRG ENERGY INC (NRG.N: Quote, Profile, Research)

CALPINE CORP (CPN.N: Quote, Profile, Research)

Power company NRG Energy has made an unsolicited bid to buy
competitor Calpine for about $11 billion in stock, the
companies said on Wednesday. For details, see [ID:nN21395350]

NRG Energy shares fell 4.3 percent to $40.69 on the New
York Stock Exchange, while shares of Calpine climbed 7.1
percent to $22.80.

GOLDMAN SACHS GROUP INC (GS.N: Quote, Profile, Research)

MERRILL LYNCH & CO (MER.N: Quote, Profile, Research)

LEHMAN BROTHERS HOLDINGS INC (LEH.N: Quote, Profile, Research)

MORGAN STANLEY (MS.N: Quote, Profile, Research)

Richard Bove, an analyst at Ladenburg Thalmann & Co., cut
the ratings for these brokerages to "sell" from "neutral,"
saying the investment banks were expected to perform poorly
this summer.

He also cut his 2008 profit forecasts for the three banks,
as well as Morgan Stanley, which he still rates "neutral."

Merrill Lynch shares dropped 1.3 percent to $44.40 on the
NYSE, while Lehman shares fell 2 percent to $38.77. Goldman
Sachs shares slipped slipped 1.3 percent to $176.27. Morgan
Stanley shares inched up 0.7 percent to $43.16. [nBNG208216]

Separately, short-seller David Einhorn said in a
presentation to investors Lehman has not written down bad
assets enough, and should raise large amounts of capital to
support its assets. [ID:nN22505379]

FORD MOTOR CO (F.N: Quote, Profile, Research)

The U.S. automaker warned on Thursday that it no longer
expected to meet a long-held goal of returning to profitability
in 2009 and would cut production through the rest of this year
in response to a slumping auto market. [ID:nN22357990]

Ford shares declined 8.2 percent to $7.16 on the NYSE.

PFIZER INC (PFE.N: Quote, Profile, Research)

Hundreds of patients taking Pfizer's anti-smoking drug
Chantix have reported serious accidents, vision problems and
heart trouble, researchers said later on Wednesday, sending
shares of the world's largest drugmaker to their lowest level
since 1997.

Pfizer shares were down 1.4 percent at $19.74 on the NYSE.
[ID:nN21441870]

CHILDREN'S PLACE RETAIL STORES INC (PLCE.O: Quote, Profile, Research)

The retailer posted stronger-than-expected quarterly
operating profit on Thursday, helped by increased sales and the
absence of a year-earlier loss from discontinued operations.
[ID:nN22552525]

The stock jumped 11.7 percent to $31.68 on Nasdaq.

FIRST MARBLEHEAD (FMD.N: Quote, Profile, Research)

Brokerage Friedman Billings Ramsey said First Marblehead
(FMD.N: Quote, Profile, Research), one of the largest securitizers of student loans, is
an attractive takeover target for a buyer looking to purchase
its loan database, platform and proprietary brands for a small
premium. [ID:nBNG235576]

The stock jumped 27.2 percent to $3.79 on the NYSE.

ZALE CORP (ZLC.N: Quote, Profile, Research)

The U.S. jeweler posted a wider quarterly loss on Thursday,
but matched Wall Street forecasts, sending its shares up 12.9
percent to $21.04 on the NYSE. [ID:nN22477033]

BLUE COAT SYSTEMS INC (BCSI.O: Quote, Profile, Research)

The Internet monitoring equipment maker posted a quarterly
profit that fell short of Wall Street targets as some larger
deals it expected did not pan out due to a weak North American
market. [ID:nBNG140137]

The stock slid more than 20 percent to $18, a slide that
made the stock the leading percentage loser on the Nasdaq.

SLM CORP (SLM.N: Quote, Profile, Research)

The student lender better known as Sallie Mae, plans to
continue to make federally guaranteed student loans, ending
fears the company might join the recent exodus from a market
that has been rocked by the credit crisis, the Wall Street
Journal reported on Thursday. [ID:nBNG191809]

The company's shares rose 4.5 percent to $22.98 on the
NYSE.

NETAPP INC (NTAP.O: Quote, Profile, Research)

The U.S. data storage equipment maker posted a higher
quarterly profit late on Wednesday, but gave earnings and
revenue forecasts lower than Wall Street expected.
[ID:nN21435372]

The stock fell 6.9 percent from a Nasdaq close of $24.

LONGS DRUG STORES CORP (LDG.N: Quote, Profile, Research)

The company, whose stores fill prescriptions and sell
health and beauty aids, posted first-quarter earnings that beat
market estimates, ending its shares up 4 percent after the bell
on Wednesday. [ID:nBNG72393]

The stock rose 9.1 percent at $47.10 on the NYSE.

NORDSON CORP (NDSN.O: Quote, Profile, Research)

The adhesive and precision dispensing equipment supplier
posted stronger-than-expected second-quarter profit.

Shares rose 13.5 percent to $69.50 on Nasdaq.
(Reporting by Ellis Mnyandu; Editing by Kenneth Barry, Gary
Crosse)