Company/Estimate
- (MTB)/1.68
- (DNA)/.68
Boeing Co. (BA): Gulf Air, the national carrier of Bahrain, signed a $6 billion agreement with the aircraft maker for the delivery of 24 Dreamliner aircraft, airline spokesman Adnan Malik said. Delivery of the 787 Dreamliners begins in 2016, Malik said. The Dreamliner is Boeing's most successful new airplane program in terms of sales. Boeing shares fell $1.84 to $80.52 on Jan. 11.
First Horizon National Corp. (FHN): The mortgage lender may rebound after the shares lost 60 percent of their value and the company abandoned plans to create a national mortgage business to focus instead on Tennessee, Barron's reported, citing analysts. First Horizon stock rose 23 cents to $17.48 on Jan. 11.
General Motors Corp. (GM): Chief Executive Officer Rick Wagoner said more stringent U.S. fuel-economy standards will boost vehicle prices, while sales chief Mark LaNeve said the world's largest automaker's sales may decline or remain unchanged this year from 2007. Both executives made the comments to reports at the North American International Auto Show in Detroit. GM shares fell 18 cents to $23.50.
Johnson Controls Inc. (JCI): The world's biggest auto- battery maker said it may have a battery ready for production by 2010 to use in gasoline-electric hybrid vehicles that could be charged using a wall socket. Johnson Controls fell 82 cents to $33.16.
Steak n Shake Co. (SNS) fell 88 cents, or 9.3 percent, to $8.60 after the official close of U.S. exchanges. The restaurant owner said in a statement of preliminary results that it had a loss of 4 cents to 5 cents a share in the first quarter. Analysts, on average, expected the company to earn 5 cents.
Terex Corp. (TEX): The third-largest construction company is undervalued, trading for about 8 times its estimated 2008 net revenue of $6.70 a share, and may draw a bid of as much as $100 a share in a takeover, Barron's reported, citing an investment firm. Terex fell 92 cents to $52.93.
WellCare Health Plans Inc. (WCG) gained $3.39, or 7.2 percent, to $50.38 in extended trading. The insurer said U.S. officials authorized the company to offer its Medicare plans in hundreds of additional counties.
Watch CRL, VIP, SIE, POT, LQU for long breakouts.
Watch LM, MGA, MTB, LVS, STU for short breakdowns.
-MM
