Stocks to Watch: FB, DTG, LMT & More
Take a look at some of Thursday's midday movers:
Facebook continued to fall after S&P reiterated a "sell" rating on the firm and lowered its price target and cut its earnings estimate on the social media company.
Lockheed Martin gained after the defense contractor said the government’s increasing set of demands for more information was doing more harm than good by adding costs to its facilities. Meanwhile, the two sides remain far apart on a fifth production deal for F-35 fighter planes.
Dollar Thrifty moved higher on continued rumors it will be bought by Hertz . But CNBC’s Kayla Tausche reported that no deal will happen in the next two weeks as regulatory details are worked out.
Netflix fell after B of A/Merrill said it expects another year of pain from the company. It lowered its bottom line estimates in 2012 and beyond.
JPMorgan CEO Jamie Dimon will testify before the Senate Banking Committee on June 13th. Shares were trading slightly lower.
John Malone’s Liberty Media dropped after it filed a petition with U.S. regulators seeking to take control of Sirius XM Radio .
Gaylord Entertainment moved higher on word it will sell the Gaylord hotels brand and the rights to manage four hotels to Marriott International for $210 million in cash.
Nike traded lower after the company said it is looking for a buyer for its Cole Haan and Umbro brands in order to focus on its core products.
Leap Wireless lost ground after it said it will become the first U-S provider of prepaid mobile services to sell the Apple iPhone, starting June 22nd.
Energy stocks, including Exxon Mobil ,Chevron ,BP ,Schlumberger and Halliburton traded mixed but off their lows as oil prices rebound off their worst levels.
TJX jumped after the owner of the Marshall and TJ Maxx chains said it now expected its profit for the current quarter to be at the higher end of its 47 to 50 cent forecast.
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