Stocks on the move Real-time Equity news
U.S. stock market report
1631 ET 30Jul2009-AFTER THE BELL
First Solar up; Disney, Las Vegas Sands down
Shares of solar company First Solar Inc rose 4.6 percent after the closing bell on Thursday after it reported net income that topped Wall Street estimates.
First Solar shares were up at $181.58 after closing on the Nasdaq at $173.55.
Shares of Walt Disney Co fell 2.9 percent to $25.45 after it too reported quarterly results. Shares closed at $26.22.
Shares of Las Vegas Sands Corp fell 7.6 percent to $10.30 as it reported results. The stock closed at $11.15.
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Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1518 ET 30July2009
Deutsche Bank starts Monsanto at 'buy'
Monsanto Co shares rose 3.3 percent to $85.55 on Thursday after Deutsche Bank initiated coverage of the stock with a 'buy' rating and $100 price target.
The firm cited last week's approval of Monsanto's next generation biotech corn seed product SmartStax for the rating, as the gangover from the falloff in its Roundup product profitability has been cured while the comapny's innovation-driven earnings growth story has been restored.
Deutsche Bank said that with $20 billion invested in its agricultural and seed businesses over the past decade, Monsanto is well positioned to maintain its global leadership in agricultural biotechnology, increase trait penetration and grow market share.
Reuters Messaging: Charles.mikolajczak.reuters.com@reuters.net
1455 ET 30July2009
More cost cutting helps NYSE Euronext beat Street
Aggressive cost cutting helped NYSE Euronext beat earnings expectations for a second straight quarter Thursday, and the exchange operator expects staff cuts to yield more savings. Its New York traded shares rose 1.4 percent.
Excluding one-time items, NYSE Euronext earned 51 cents per share in the second quarter, topping analysts' average forecast by 6 cents, according to Reuters Estimates.
Reuters Messaging: Edward.Krudy.reuters.com@reuters.net
1455 ET 30July2009
UBS starts EA, Activision at 'buy'
UBS initiated coverage of video-game makers Electronic Arts Inc and Activision Blizzard Inc with 'buy' ratings in what it believes is a growing industry.
The firm set a $27 price target on Electronic Arts, saying it expects the $39 billion industry to grow to $55 billion by 2012, with EA a compelling turnaround story based on a re-energized game strategy and an expanding margin story.
Activision was given a $15 price target, with UBS naming the company as its favorite in the industry as its title line-up is the envy of the industry over the next 12 months.
Electronic Arts shares rose 3.5 percent to $21.48 while Activision gained 1.2 percent to $11.51.
Reuters Messaging: Charles.mikolajczak.reuters.com@reuters.net
1431 ET 30July2009
Goodyear posts loss but tops expectations
Goodyear Tire & Rubber Co posted a loss on Thursday that was smaller than analysts had expected, sending its shares up more than 13 percent.
Goodyear, the largest U.S. tire maker, said there were indications the severe economic downturn that has affected the company over the past three fiscal quarters was easing.
Reuters Messaging: Edward.Krudy.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.
U.S. stock market report
1631 ET 30Jul2009-AFTER THE BELL
First Solar up; Disney, Las Vegas Sands down
Shares of solar company First Solar Inc rose 4.6 percent after the closing bell on Thursday after it reported net income that topped Wall Street estimates.
First Solar shares were up at $181.58 after closing on the Nasdaq at $173.55.
Shares of Walt Disney Co fell 2.9 percent to $25.45 after it too reported quarterly results. Shares closed at $26.22.
Shares of Las Vegas Sands Corp fell 7.6 percent to $10.30 as it reported results. The stock closed at $11.15.
For more please double click
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1518 ET 30July2009
Deutsche Bank starts Monsanto at 'buy'
Monsanto Co shares rose 3.3 percent to $85.55 on Thursday after Deutsche Bank initiated coverage of the stock with a 'buy' rating and $100 price target.
The firm cited last week's approval of Monsanto's next generation biotech corn seed product SmartStax for the rating, as the gangover from the falloff in its Roundup product profitability has been cured while the comapny's innovation-driven earnings growth story has been restored.
Deutsche Bank said that with $20 billion invested in its agricultural and seed businesses over the past decade, Monsanto is well positioned to maintain its global leadership in agricultural biotechnology, increase trait penetration and grow market share.
Reuters Messaging: Charles.mikolajczak.reuters.com@reuters.net
1455 ET 30July2009
More cost cutting helps NYSE Euronext beat Street
Aggressive cost cutting helped NYSE Euronext beat earnings expectations for a second straight quarter Thursday, and the exchange operator expects staff cuts to yield more savings. Its New York traded shares rose 1.4 percent.
Excluding one-time items, NYSE Euronext earned 51 cents per share in the second quarter, topping analysts' average forecast by 6 cents, according to Reuters Estimates.
Reuters Messaging: Edward.Krudy.reuters.com@reuters.net
1455 ET 30July2009
UBS starts EA, Activision at 'buy'
UBS initiated coverage of video-game makers Electronic Arts Inc and Activision Blizzard Inc with 'buy' ratings in what it believes is a growing industry.
The firm set a $27 price target on Electronic Arts, saying it expects the $39 billion industry to grow to $55 billion by 2012, with EA a compelling turnaround story based on a re-energized game strategy and an expanding margin story.
Activision was given a $15 price target, with UBS naming the company as its favorite in the industry as its title line-up is the envy of the industry over the next 12 months.
Electronic Arts shares rose 3.5 percent to $21.48 while Activision gained 1.2 percent to $11.51.
Reuters Messaging: Charles.mikolajczak.reuters.com@reuters.net
1431 ET 30July2009
Goodyear posts loss but tops expectations
Goodyear Tire & Rubber Co posted a loss on Thursday that was smaller than analysts had expected, sending its shares up more than 13 percent.
Goodyear, the largest U.S. tire maker, said there were indications the severe economic downturn that has affected the company over the past three fiscal quarters was easing.
Reuters Messaging: Edward.Krudy.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.