Stocks Slated To Open Up
Stocks appeared set to open higher
Monday.
Humana
(
HUM |
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PowerRating) reported Q2 earnings,
which increased 32%. The health insurance company’s earnings were reported at 15
cents a share in line with analysts’ estimates according to Thomson
Financial/First Call.
Retailer Tommy Hilfiger
(
TOM |
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PowerRating)
announced Q1 earnings of 10 cents per, share beating analysts’ estimates.
According to a poll taken by Thomson Financial/First Call, Wall Street’s
estimates for the company were for 8 cents a share.
General Electric
(
GE |
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PowerRating) announced
that the company has made a cash bid to acquire Heller Financial
(
HF |
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PowerRating) for
$5.3 billion.
UBS Warburg stated that it continues
to maintain the Buy rating on Celera Genomics
(
CRA |
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PowerRating), but has cut the genomic
company’s price target from $89 to $41.
Goldman Sachs downgraded Lehman
Brothers
(
LEH |
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PowerRating) to Market Perform from Market Outperform.
Williams Company
(
WMB |
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PowerRating) reported Q2
earnings of 60 cents per share beating analysts’ consensus by 6 cents. The
company also reaffirmed that it is comfortable with full-year estimates of
$2.32.
Robertson Stephens maintains the buy
rating on Brocade Communications
(
BRCD |
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PowerRating), but has lowered estimates on the
company, who is due to report numbers in mid-August.
Cisco Systems
(
CSCO |
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PowerRating) has chosen
Motorola’s
(
MOT |
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PowerRating) MPC 7450 to be host processor for some of its routers.
United Airlines
(
UAL |
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PowerRating) has selected
BEA Systems
(
BEAS |
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PowerRating) BEA platform to improve and enhance the airline’s
operations and customer service.
Cable provider Charter Communications
(
CHTR |
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PowerRating) reported an increase Q2 operating cash flow of 14% to $428.1 million
from $375.3 million.
Cisco Systems
(
CSCO |
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PowerRating) reported
that it has been chosen by China United Telecommunications
(
CHU |
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PowerRating) to expand
the company’s communications network.
The Nikkei Average has made new 16-year lows since the stock market bubble burst.
The FDA voted against recommending
approval of Aviron’s
(
AVIR |
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PowerRating) FluMist due to safety issues. The biotech
stock was halted from trading all day Friday during the regulatory panel’s
discussion.
Adobe Systems
(
ADBE |
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Chart |
News |
PowerRating) reported
that the company should meet Q3 earnings targets, but warned it could experience
a loss in revenues due to weak conditions and slower demand on its products.
According to Thomson Financial/First Call, analysts polled expect the company
to earn 28 cents a share.
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