Company/Estimate
- (LOW)/.42
- (CPB)/.72
- (MDT)/.57
- (JWN)/.52
- (DY)/.34
- (HPQ)/.82
- (TWB)/.46
Archer Daniels Midland Co. (ADM): The world's largest grain processor may be too expensive given the uncertainty regarding its margins and profit in the next few quarters, Barron's reported, citing no one. Archer Daniels shares rose 86 cents to $37.89 on Nov. 16.
AT&T Inc. (T): The owner of the biggest U.S. wireless service talked with Google Inc. about joining its mobile-phone software alliance. The phone company is ``analyzing the situation'' and may use Google's software for phones, Ralph de la Vega, chief executive officer of the wireless unit, said in an interview today. The shares rose 18 cents to $39.55 in regular trading.
Citigroup Inc. (C): The largest U.S. bank replaced David Bushnell as chief risk officer, two weeks after it said writedowns on mortgage-related investments may lead to its first quarterly loss since at least 1998. Jorge Bermudez takes over for Bushnell, the bank said Nov. 16 in a statement. Bushnell, who also serves as chief administrative officer, will retire Dec. 31. Citigroup fell 58 cents to $34.
Cooper Tire & Rubber Co. (CTB): The second-largest U.S. tiremaker said it authorized a $100 million stock repurchase plan. The buyback supersedes an existing repurchase plan authorized in February 2005, Findlay, Ohio-based Cooper said in a statement distributed by PR Newswire. The shares fell 69 cents to $14.67.
Eli Lilly & Co. (LLY): The world's biggest maker of psychiatric drugs may drop to $47 if its anti-clotting medication, Prasugrel, doesn't generate sales after winning approval, Barron's reported, citing Morgan Stanley analyst Jami Rubin. Eli Lilly stock declined 25 cents to $51.81.
Watch PBR, STP, MBT, KO, CVS for long breakouts.Watch FNM, MS, JWN, RTH, STU for short breakdowns.
-MM
