Company/EPS Estimate
- (RPM)/.55
- (WWW)/.52
- (GRB)/.10
- (IDT)/-.37
BP Plc American depositary receipts (BP) dropped 96 cents, or 1.4 percent, to $67.78 in trading before the open of U.S. exchanges. Europe's second-biggest oil company's third- quarter earnings may be less than market estimates, London-based Mint Equities Ltd. trader Nick Batsford said by e-mail.
Deutsche Bank AG (DB) advanced $4.24, or 3.2 percent, to $136.61 in trading before the open of U.S. exchanges. Germany's biggest bank said third-quarter profit rose at least 13 percent as gains from tax credits and asset sales helped offset as much as 2.2 billion euros ($3.1 billion) of writedowns on fixed-income securities and loans used for leveraged buyouts.
General Motors Corp. (GM): The biggest U.S. automaker was upgraded to ``neutral'' from ``sell'' by analysts at Banc of America Securities, who said an agreement with the United Auto Workers union offsets a worsening outlook for sales. General Motors shares added $1, to 2.8 percent, to $37.05 yesterday.
HCP Inc. (HCP): The largest U.S. health care real estate investment trust priced 9 million shares of its common stock, according to a statement on Business Wire. The stock rose 77 cents, or 2.3 percent, to $34.99 yesterday.
Hershey Co. (HSY): The largest U.S. candy maker said it named operating chief David West as chief executive officer, replacing Richard Lenny. The stock fell $1.63, or 3.4 percent, to $45.78 yesterday.
Micron Technology Inc. (MU) fell 39 cents, or 3.3 percent, to $11.40 in trading before the open of U.S. exchanges. The largest U.S. maker of computer-memory chips yesterday reported a third straight loss in the fourth quarter after an industry glut forced down prices.
Midway Games Inc. (MWY): The video-game company controlled by Sumner Redstone projected a third-quarter loss of 27 cents a share, wider than previously forecast, because of game delays and lower-than-expected revenue. The stock fell 16 cents to $4.21 yesterday.
Watch CBH, MCD, CHL, NYB for long breakouts.Watch HOG, MNI for short breakdowns.
