Company/EPS Estimate
- (GE)/.68
- (JCI)/.37
- (SLB)/1.13
Advanced Micro Devices Inc. (AMD) rose 37 cents, or 5.8 percent, to $6.71. The second-largest maker of personal-computer processors reported a smaller loss than analysts estimated after it sold more higher-priced chips.
Cameron International Corp. (CAM): The third-largest U.S. maker of oilfield equipment will replace Harrah's Entertainment Inc. (HET) in the Standard & Poor's 500 Index, S&P said in a statement. Cameron fell 2.2 percent to $44.63 yesterday.
General Electric Co. (GE) rose 59 cents, or 1.8 percent, to $33.80. The third-biggest company by market value said fourth- quarter profit rose 15 percent, led by higher overseas sales of jet engines, power-plant turbines and locomotives to help compensate for slower U.S. economic growth.
International Business Machines Corp. (IBM) rose $4.90, or 4.9 percent, to $106. The biggest computer-services company forecast 2008 profit that beat analysts' estimates, as growth in Europe and Asia outpaces U.S. sales.
MBIA Inc. (MBI) fell 44 cents, or 4.8 percent, to $8.78 in German trading. The largest bond insurer may have its AAA insurance rating cut by Moody's Investors Service, which cited losses from subprime mortgage securities including collateralized debt obligations.
NYSE Euronext (NYX) rose $3.17, or 4.5 percent, to $74.24 in Germany. The owner of seven securities markets in Europe and the U.S. agreed to buy the American Stock Exchange for $260 million to capture a bigger share of the fast-growing options and fund-trading businesses.
Rio Tinto Group (RTP) rose $21.29, or 6.2 percent, to $364.81. The world's third-largest mining company rose on speculation BHP Billiton Ltd. (BHP) will increase its $110 billion hostile takeover offer.
Schlumberger Ltd. (SLB) fell $2.61, or 3.2 percent, to $79.90. The world's largest oilfield-services provider reported less fourth-quarter profit than analysts estimated.
Under Armour Inc. (UA) fell $6.07, or 16 percent, to $30.99. The maker of athletic clothes forecast first-half profit lower than analysts expected because of increased marketing costs.
Watch DBA, EDV, PDX for long breakouts.
Watch TM, FDX. MTB, MGM, ATI, ADS, MAC, BDK for short breakdowns.
-MM
