TradingMarkets’ 12 Stocks You Need To Know About Today
General Electric
(
GE |
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PowerRating) beat by a penny
and reported more than a billion dollars more than the expected revenue. The
company also guided the low end of estimates higher.
Citigroup
(
C |
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PowerRating) beat by 0.02 and said it will buy back an additional
$15 billion in stock over the next 18 months.
IBM reported 0.85 vs a 0.90 estimate, revenues were $22.9 billion. Net
income was $1.41 billion. IBM was originally scheduled to report on April 18.
The stock is trading lower pre-open. Â
Eli Lilly
(
LLY |
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PowerRating) prevailed in court over generic drugmakers; a
judge ruled that the Zyprexa patent is valid.
Knight Ridder
(
KRI |
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PowerRating) beat by 0.08.
JB Hunt
(
JBHT |
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PowerRating) beat by 0.06.
Sun Microsystems
(
SUNW |
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PowerRating) reported 0.02 under consensus, ex-items.
Prudential upgraded General Motors
(
GM |
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PowerRating) to ‘overweight.’ Shares
are at a 12-year low and the stock currently yields 7.5%, although that dividend
may be cut. Pru thinks 2005 will the be the worst year for GM and that things
look better for 2006.
Bank of America cut United Healthcare
(
UNH |
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PowerRating) to neutral.
Cree Research
(
CREE |
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PowerRating) beat by a penny
Rambus
(
RMBS |
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PowerRating) missed by a penny.
RF Micro Devices
(
RFMD |
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PowerRating) cut Q1 guidance.