Stocks on the move
Real-time Equity news
U.S. stock market report
0744 ET 21Sept2009
JPMorgan raises price target on Apple
J.P. Morgan Securities recommended investors build positions in Apple Inc ahead of the upcoming earnings season, and said the company should post revenue and earnings growth above peers.
'Apple remains our top pick in IT hardware, and we believe the story has staying power beyond the recent uptake in the broader equity markets,' analysts at JP Morgan said in a note to clients, and raised their price target on the stock 24 percent to $210.
For details, see
Apple shares fell to $184.03 in premarket trading from the Friday close of $185.02.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0737 ET 21Sept2009
Futures cut losses after Dell deal
U.S. stock index futures briefly cut losses on Monday after computer maker Dell Inc announced a $3.9 billion proposed takeover of Perot Systems Corp.
For details, see
Dow Jones industrial average futures fell 39 points, while S&P 500 futures slid 3.7 points and Nasdaq 100 futures dropped 8 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0729 ET 21Sept2009
Dell to buy Perot Systems for $3.9 bln in cash
Dell Inc said it agreed to acquire computer services maker Perot Systems Corp for about $3.9 billion in cash.
Dell, which had indicated its intention to step up acquisitions, said it would launch a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash.
For details, see
Shares of Dell fell 5 percent to $15.85 in premarket trading, while Perot systems was up 66 percent to $29.70.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0716 ET 21Sept2009-Barron's says Monster a good long
term bet
Shares of Monster Worldwide Inc, parent of online job search site Monster.com, appear to be a good bet for long-term investors, Barron's said in its Sept. 21 edition.
Monster is in a strong position after making several key acquisitions internationally, even as it continues to trim costs. The online job market is also showing signs of life, despite the high rate of unemployment, the financial publication wrote.
For details, see
Shares of Monster rose 1.5 percent to $18.05 in premarket trading on light volume.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0714 ET 21Sept2009-Holiday spending seen flat
Deloitte
U.S. holiday spending is expected to be flat versus a year ago, as consumers remain cautious and the national unemployment rate hovers at nearly 10 percent, Deloitte said in a forecast released late Sunday.
Deloitte's retail group expects total holiday sales to be $810 billion, excluding motor vehicles and gasoline, for the November-through-January period.
A flat result would be an improvement from a year ago when holiday sales fell 2.4 percent, but is hardly a encouraging sign for retailers and investors.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
0744 ET 21Sept2009
JPMorgan raises price target on Apple
J.P. Morgan Securities recommended investors build positions in Apple Inc ahead of the upcoming earnings season, and said the company should post revenue and earnings growth above peers.
'Apple remains our top pick in IT hardware, and we believe the story has staying power beyond the recent uptake in the broader equity markets,' analysts at JP Morgan said in a note to clients, and raised their price target on the stock 24 percent to $210.
For details, see
Apple shares fell to $184.03 in premarket trading from the Friday close of $185.02.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0737 ET 21Sept2009
Futures cut losses after Dell deal
U.S. stock index futures briefly cut losses on Monday after computer maker Dell Inc announced a $3.9 billion proposed takeover of Perot Systems Corp.
For details, see
Dow Jones industrial average futures fell 39 points, while S&P 500 futures slid 3.7 points and Nasdaq 100 futures dropped 8 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0729 ET 21Sept2009
Dell to buy Perot Systems for $3.9 bln in cash
Dell Inc said it agreed to acquire computer services maker Perot Systems Corp for about $3.9 billion in cash.
Dell, which had indicated its intention to step up acquisitions, said it would launch a tender offer to acquire all of the outstanding Class A common stock of Perot Systems for $30 per share in cash.
For details, see
Shares of Dell fell 5 percent to $15.85 in premarket trading, while Perot systems was up 66 percent to $29.70.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0716 ET 21Sept2009-Barron's says Monster a good long
term bet
Shares of Monster Worldwide Inc, parent of online job search site Monster.com, appear to be a good bet for long-term investors, Barron's said in its Sept. 21 edition.
Monster is in a strong position after making several key acquisitions internationally, even as it continues to trim costs. The online job market is also showing signs of life, despite the high rate of unemployment, the financial publication wrote.
For details, see
Shares of Monster rose 1.5 percent to $18.05 in premarket trading on light volume.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0714 ET 21Sept2009-Holiday spending seen flat
Deloitte
U.S. holiday spending is expected to be flat versus a year ago, as consumers remain cautious and the national unemployment rate hovers at nearly 10 percent, Deloitte said in a forecast released late Sunday.
Deloitte's retail group expects total holiday sales to be $810 billion, excluding motor vehicles and gasoline, for the November-through-January period.
A flat result would be an improvement from a year ago when holiday sales fell 2.4 percent, but is hardly a encouraging sign for retailers and investors.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.