Company/Estimate
- (ETN)/1.66
- (GWW)/1.36
- (BLK)/2.01
Agria Corp.'s American depositary receipts (GRO) fell 36 cents, or 7.9 percent, to $4.21 after the official close of U.S. exchanges. The Chinese provider of corn seeds, tree seedlings and products for sheep breeding had a suit seeking class-action status filed against it. The suit alleges the company failed to disclose employment agreements with some executives, according to a statement by law firm Schiffrin Barroway Topaz & Kessler LLP.
General Electric Co. (GE): The second-largest U.S. company by market value may rise to $40 a share if it can meet its reduced 2008 earnings guidance, after first-quarter profit missed analysts' estimates last week, Barron's said, citing no one. The shares rose 20 cents, or 0.6 percent, to $32.25 in extended trading.
Valero Energy Corp. (VLO): The largest U.S. refiner may rise as much as 64 percent if the company can buy and refine cheaper, heavier oils left after gasoline production, Barron's said, citing Deutsche Bank AG analyst Paul Sankey. Valero added 4 cents to $47.74 in extended trading.
Washington Mutual Inc. (WM): The savings and loan that's shutting some lending offices said it expects to incur pretax restructuring costs of $140 million to $180 million as it eliminates as many as 3,000 jobs. The stock rose 2 cents to $10.97 in extended trading.
Watch WMT, SD, PBT, LG for long breakouts.Watch CG, DST, HIT, RAI, CHE, CVH for short breakdowns.
-MM
