Company/EPS Estimate
- (KBH)/-.74
- (MKC)/.43
- (MTN)/-.89
- (ACN)/.48
- (BE)/.05
- (PLL)/.55
- (TXI)/.89
- (CBK)/.11
- (JBL)/.28
- (GPN)/.51
AMR Corp. (AMR) gained 73 cents, or 3.4 percent, to $22.50 in trading before the open of U.S. exchanges. The owner of American Airlines was urged to spin off the AAdvantage frequent flier program to boost the share price. Splitting off AAdvantage could increase shareholder value by more than $4 billion, FL Group, which owns 8.3 percent of AMR, said in a statement.
Baytex Energy Trust (BTE) advanced $1.24, or 6.4 percent, to $20.61 in trading before the open of U.S. exchanges. The investment trust with oil and natural gas properties in Canada is a takeover target, CNBC host Jim Cramer said.
Emerson Electric Co. (EMR) rose 92 cents, or 1.8 percent, to $52.49 The world's largest maker of power equipment for oil companies was raised to ``buy'' from ``neutral'' at Goldman Sachs & Co. Analyst Deane M. Dray said in a research note that Emerson should benefit from foreign sales.
Gardner Denver Inc. (GDI) gained $1.89, or 5.2 percent, to $38.49 in trading before the open of U.S. exchanges. The maker of air compressors and blowers was recommended by CNBC's Cramer because of demand for its products by the oil industry. He said it also will benefit from a weak exchange rate when selling to Europeans.
Genesis Lease Ltd. (GLS) The commercial aircraft lessor that first sold shares to the public in December agreed to buy eight planes from a unit of General Electric Co. Genesis shares lost 9 cents, or 0.4 percent, to $23.91 yesterday.
Microsoft Corp. (MSFT) added 15 cents, or 0.5 percent, to $29.65 in trading before the open of U.S. exchanges. The world's largest software maker said its ``Halo 3'' Xbox 360 brought in $170 million in sales on its first day in U.S. stores, making it the biggest entertainment release in history.
Rite Aid Corp. (RAD) lost 25 cents, or 5 percent, to $4.80 in trading before the open of U.S. exchanges. The third- biggest U.S. drugstore chain said its second-quarter loss widened on costs from its purchase of the Eckerd and Brooks chains. The company lowered its sales forecast and expects a wider loss for the year.
SLM Corp. (SLM) rose $2.48, or 5.5 percent, to $47.49 in trading before the open of U.S. exchanges. The largest U.S. student-loan company rejected an overture from investors led by J.C. Flowers & Co. to renegotiate their $25.3 billion leveraged buyout agreement. SLM, better known as Sallie Mae, said in a statement that it would ``pursue all remedies available'' to complete the deal as originally set. Friedman Billings Ramsey & Co. reiterated its ``outperform'' rating on SLM, saying it doesn't expect the buyout group to walk away from the deal.
Tyco International Ltd. (TYC) retreated $1.13, or 2.5 percent, to $43.71 in trading before the open of U.S. exchanges. The world's largest maker of security systems through its ADT unit was cut to ``sell'' from ``neutral'' at Goldman Sachs & Co.
UBS AG (UBS) advanced 37 cents, or 0.7 percent, to $53.09 in trading before the open of U.S. exchanges. The world's largest wealth manager is buying Commerzbank AG's French asset management unit, Le Figaro reported. Serge Steiner, a spokesman for UBS in Zurich, and Commerzbank spokesman Peter Pietsch refused to confirm or deny a sale, or whether talks have taken place. The Paris-based newspaper did not say where it got the information and did not give financial terms.
Watch GME, NOK, CAF, ARJ for long breakouts.
Watch WDC, HAR, HOG, GCI for short breakdown.
-
-MM
