Happy Valentine's Day!
Company/EPS Estimate
- (MAR)/.62
- (FCL)/.18
- (GT)/.45
- (CCU)/.43
- (CMG)/.56
- (N)/-.01
- (CKP)/.52
- (IR)/.99
Frontline Ltd. (FRO) rose $1.27, or 2.8 percent, to $46.53. The oil-tanker business led by Norwegian billionaire John Fredriksen reported fourth-quarter profit that exceeded analyst estimates and announced a quarterly dividend of $2 a share that some analysts said was larger than expected.
Micron Technology Inc. (MU) fell 12 cents, or 1.6 percent, to $7.27. The largest U.S. maker of memory chips was downgraded to ``sell'' from ``neutral'' at Goldman, Sachs & Co because dynamic random access memory, or DRAM, ``will remain in excess for the rest of the year,'' analysts including James Covello wrote.
UBS AG (UBS) slid $1.93, or 5.2 percent, to $35.06. Europe's largest bank by assets said subprime writedowns led to a record loss and Chief Executive Officer Marcel Rohner declined to predict whether the bank will return to profit this quarter. Deutsche Bank lowered its recommendation on the stock to ``hold'' from ``buy.''
Watch CHT, CMO for long breakouts.
Watch DFG, BT, MFW, N, TNB for short breakdowns.
-MM
