Stocks To Keep Your Eye On - 07/31/2007

- (AG)/.52
- (AEP)/.57
- (ADP)/.36
- (AVP)/.45
- (CBS)/.51
- (CMG)/.45
- (COH)/.41
- (CVH)/.95
- (DBD)/.37
- (DWA)/.33
- (GM)/1.10
- (GMR)/.40
- (HLT)/.33
- (LIZ)/.24
- (MRO)/2.14
- (MAS)/.47
- (MET)/1.33
- (NCR)/.58
- (NMX)/.58
- (PPC)/.62
- (SAF)/1.54
- (SGR)/-.01
- (JOE)/.16
- (UA)/.03
- (VLO)/3.75

Billionaire investor Nelson Peltz said he might pay as much as $3.6 billion, or $37 to $41 a share, for the third-largest U.S. hamburger chain, Wendy's (WEN).

Johnson & Johnson (JNJ) said will cut 3 to 4 percent of its global workforce and consolidate operations as part of a plan to save as much as $1.6 billion in 2008.

Dow Jones & Co. (DJ) rose $4.19, or 8.1 percent, to $55.75 in trading before U.S. exchanges opened. The company's Bancroft family may have handed Rupert Murdoch's News Corp. enough voting shares to clinch its $5 billion acquisition of the publisher of the Wall Street Journal, the New York Times reported. Family members and trusts representing more than 30 percent of Dow Jones voting stock indicated to their lawyers that they support a sale of the New York-based company, the Times said late yesterday on its Web site.

Headwaters Inc. (HW) rose $2.97, or 20 percent, to $17.95 in trading before U.S. exchanges opened. The alternative fuels company said its fiscal third-quarter profit rose 69 percent on increased sales of coal-combustion materials and alternative-fuel technology. Headwaters increased its forecast for 2007 net income to $2.35 to $2.50 a share, Chief Financial Officer Scott Sorensen said in a statement. In May, Sorensen forecast profit of $1.60 to $1.80.

MGIC Investment Corp. (MTG) fell $3.50, or 7.7 percent, to $41.94 in trading before U.S. exchanges opened. The largest U.S. mortgage insurer and Radian Group Inc. (RDN) said turmoil in the subprime mortgage market may force the companies to write off their combined $1.03 billion stake in a venture that invests in subprime mortgages.

Mosaic Co. (MOS) gained $1.54, or 4.3 percent, to $37.50 in trading before U.S. exchanges opened. North America's second- largest fertilizer producer reported fiscal fourth-quarter profit that topped analysts' estimates as farmers bought more potash and prices rose.

Under Armour Inc. (UA) rose $9.82, or 18 percent, to $65 in trading before U.S. exchanges opened. The maker of synthetic- fiber athletic clothing raised its 2007 revenue forecast to a range of $580 million to $590 million. The company reported second-quarter income of 11 cents a share excluding some items, beating analysts' average estimate of 3 cents a share in a Bloomberg survey.

Watch CLB, AL, FCX for a long breakout.
Watch USB, NBR, ODP for a short breakdown.

-MM