TradingMarkets’ 12 Stocks You Need To Know About This Morning

Hewlett Packard
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bought back $1.3 billion in shares from
Merrill Lynch and the board approved an additional # billion buyback.

Citigroup
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was lowered to neutral at Merrill Lynch.

Colgate
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CL |
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warned for the second half, citing higher marketing
expenses.

Unilever warned, citing bad weather.

Lennar
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beat by 0.02 and raised guidance.

OSI Pharmacueticals
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said Phase III trials of Tarceva met
its primary endpoint of improving survival.

MCI
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may be looking for potential buyers, according to
The New York Times.

Nike
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beat by 0.10; first quarter profits rose 25%.

Adobe Systems
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will report after the bell; the estimate is
0.39.

PMC Sierra
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lowered its Q3 outlook.

Carmax
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beat by a penny and guided Q3 lower.

Maxim Pharmaceutical’s
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cancer drug Ceplene failed a trial.