Monday, February 11, 2008

Stocks To Keep Your Eye On - 02/11/2008

Company/Estimate
- (LTR)/1.13
- (CSL)/.53
- (HAS)/.81
- (CNA)/1.02
- (GGP)/.25
- (CUZ)/.02
- (PAY)/.36
- (OSG)/.59

AngloGold Ashanti Ltd. (AU) fell $1.57, or 4.3 percent, to $34.74 in trading before the open of U.S. exchanges. Africa's biggest gold producer begins defending a legal case that may determine whether as many as half a million former South African mineworkers with lung disease can sue past employers.

Fomento Economico Mexicano SAB American depositary receipts (FMX) fell 5 cents, or 1.3 percent, to $3.89 in Germany. Latin America's largest producer of beer and soft drinks, also known as Femsa, may rise to $50 because of the growing popularity of Mexican beers such as Tecate and Dos Equis, Barron's reported, citing analysts.

Ford Motor Co. (F): The world's third-largest automaker may eliminate as many as 9,000 more U.S. factory jobs through its latest buyout offers, a person with direct knowledge of the situation said. Ford fell 1.5 percent to $6.08 on Feb. 8.

Hypercom Corp. (HYC) rose $1.14, or 29 percent, to $5.09 in Germany. Ingenico SA offered to buy the maker of electronic- payment software for about $332 million, or $6.25 a share, in cash.

Kellwood Co. (KWD): Sun Capital Partners Inc. said it will complete its proposed $542 million hostile takeover of the seller of Sag Harbor and Calvin Klein clothing only if it's assured majority control of the board. Kellwood rose 1.6 percent to $20.53 on Feb. 8

Watch CMO, KMP for long breakouts.
Watch BA, BDK, GR, MGM, LFC for short breakdowns.

-MM