TradingMarkets’ 8 Stocks You Need To Know About Today
Fedex
(
FDX |
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PowerRating) missed estimates by 0.02Â and gave a a weaker
outlook.
General Electric
(
GE |
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PowerRating) is slimming down. The company will streamline
11 businesses into 6 and also reaffirmed Q2 and FY numbers, saying it is looking
for double digit growth in 2006.
Chinese oil company CNOOC offered $18.5 billion for Unocal
(
UCL |
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PowerRating),
topping Chevron’s $16.5 million bid. The Chinese government owns 70% of CNOOC.
Unocal has 1.75 billion barrels in oil reserves; 57% of which are in Asia. The
US could block the deal because of national security issues.
Bed Bath & Beyond
(BBBY)
beat by a penny. The stock is trading lower pre-open.
Herman Miller (MLHR)
reported Q4 of 0.31 and guided higher.
Nabi Biopharma (NABI)
received Orphan Medicinal Product designation from the European Medicines
Agency.
Research in Motion
(
RIMM |
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PowerRating) is in focus after the U.S. trade office
rejected two NTP patents.
Best Buy
(
BBY |
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PowerRating) announced a 3:2 split and will increase its
dividend by 9%.