STOCKS NEWS US-Abercrombie shares advance after upgrades

Stocks on the move Real-time Equity news U.S. stock market report 1444 EST 09Nov2009-Abercrombie shares advance after upgrades ------------------------------------------------------------------------------ Shares of Abercrombie & Fitch rallied on Monday, after a pair of analysts upgraded the stock, citing the strong earnings potential of the company's international business. Goldman Sachs upgraded the stock to "buy" from "neutral" while Credit Suisse lifted it to "outperform" from "neutral." For details, see The stock climbed 7.8 percent to $37.73. Reuters Messaging: [e-mail] 1439 ET 09Nov2009 JDS Uniphase draws bullish option action ------------------------------------------------------------------------------ Telecoms equipment maker JDS Uniphase Corp shares rose 6.97 percent to $6.91 in late trading. Its shares are up 25 percent since last Monday and a number of option players are hoping to catch extended gains. One investor is looking for a late-year rally from JDS Uniphase, wrote optionMonster analyst David Russell in comments on the Web site. The firm's computer model detected heavy buying of the December $8 calls, which were bought 15,000 times for 10 cents per contract. Volume was more than five times open interest. The company last week posted an adjusted quarterly profit that beat Wall Street expectations. The stock needs to climb about 18 percent by December expiration for the calls to turn a profit, he said. Russell noted the same investor also apparently purchased about 3,500 December $7 calls for 35 cents against existing open interest. In all, volume was six times greater than average with about 23,000 calls and 3,144 puts traded, according to Trade Alert. Reuters Messaging: [e-mail] 1429 EST 09Nov2009-Crude stockpiles seen rising on imports: POLL ------------------------------------------------------------------------------ U.S. crude oil inventories rose slightly last week on higher imports, a Reuters poll of analysts showed on Monday. Crude stocks were forecast to have risen by 400,000 barrels in the week to Nov. 6, the survey of seven analysts taken ahead of weekly inventory data forecast. "Crude supplies will likely show a modest build due to an anticipated rebound in imports" toward the 8.5 million to 8.6 million barrel per day level," said Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois. For details, see December crude futures gained 2.6 percent to $79.44 per barrel on Monday. Reuters Messaging: [e-mail] 1422 EST 09Nov2009-Markets advance as G20 pledges liquidity ------------------------------------------------------------------------------ U.S. stocks surged on Monday, lifting the Dow to its highest level in more than a year as the Group of 20 leaders pledged to keep aid flowing to their economies until a recovery was certain. For details, see The Dow Jones industrial average rose 1.8 percent to 10,204.29 while the S&P 500 gained 1.9 percent to 1,089.36 and the Nasdaq was up 1.6 percent to 2,146.76. Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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