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Current DateTime: 10:37:41 24 Nov 2009
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HEADLINE STOCKS-Some U.S. stocks on the move on Nov. 6
By: AFX | 06 Nov 2009 | 01:32 PM ET
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NEW YORK, Nov 6 (Reuters) - Some U.S. stocks on the move on Friday: GENERAL ELECTRIC CO, $15.39, up 6.7 pct Bernstein upgraded the Dow component to "outperform" from "market perform," seeing more upside across the company into 2011. AMAZON.COM INC, $125.94, up 4.4 pct Bernstein upgraded the online retailer to "outperform" from "market perform" and lifted its price target on the stock to $160 from $125. AMERICAN INTERNATIONAL GROUP INC, $35.64, down 9.3 pct The insurance company reported its second-straight quarterly profit, helped by recovery in the value of its investments, but its underlying business remained weak. W&T OFFSHORE INC, $10.79, down 8.4 pct Jefferies downgraded the company to "hold" from "buy," seeing few near-term catalysts for the stock. CVR ENERGY INC, $8.65, down 16 pct The oil refiner and fertilizer maker said one of its major stockholders planned to cut its stake in the firm. PMI GROUP INC, $2.38, up 6.7 pct The mortgage insurance company reported a third-quarter loss that was narrower than expected while revenue rose slightly from the prior year. BLACKSTONE GROUP LP, $14.93, up 7.6 pct The private equity company reported a higher-than-expected third-quarter profit. TRAVELERS COS INC, $51.79, up 2.3 pct Goldman Sachs upgraded the Dow component to "buy" from "neutral," expecting it to outperform over the next year on its balance sheet strength and capital management program. STATE STREET CORP, $41.93, down 2.1 pct The company set aside an additional $250 million to cover claims by investors who lost money on risky mortgages. It also reduced its previously reported third-quarter results to reflect the larger reserve. FORTRESS INVESTMENT GROUP LLC, $4.26, down 6.8 pct The hedge fund and private quity company reported a third-quarter loss as management fees tracked a decline in total assets. CBS CORP, $12.50, down 2.3 pct The company late Thursday reported adjusted third-quarter earnings that beat expectations and revenue that was above consensus. STARBUCKS CORP, $20.98, up 6.5 pct The company late Thursday raised its 2010 earnings outlook and reported a fourth-quarter profit that beat expectations. VERISIGN INC, $22.81, down 4.9 pct The company late Thursday swung to a third-quarter profit that beat expectations by a penny. It also forecast fourth-quarter revenue that was flat to up 2 percent on a sequential basis. (Reporting by Ryan Vlastelica; Editing by Leslie Adler) Keywords: MARKETS STOCKS HEADLINES . Keywords: MARKETS STOCKS HEADLINES (ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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