Stocks to Watch: LEN, QCOR, CTB & More
Take a look at some of Monday’s morning movers:
Lennar - The home builder earned $0.40 per share for its third quarter, 12 cents above estimates. Lennar saw new orders jump 44 percent and deliveries rise by 28 percent. Lennar's upbeat report may also lift shares of its rivals like D.R. Horton, KB Home, and Beazer Homes.
Questcor - The drugmaker said it's the subject of a government investigation involving its promotional practices and will cooperate with investigators.
Cooper Tire - Deutsche Bank has upgraded the stock to "buy" from "hold," saying it likes Cooper's shares despite the expiration of U.S. tariffs on tires. It says it's optimistic after talking with manufacturers, dealers, and wholesalers.
A.K. Steel - Citi has downgraded the steelmaker's shares to "sell" from "neutral," largely because of a negative cash flow outlook.
UnitedHealth Group - The health-care provider's shares are now in the Dow Jones Industrial Average as of today, replacing Kraft Foods , which is splitting into two separate companies.
Oracle - A new U.S. Securities and Exchange Commission filing shows CEO Larry Ellison earned $96.2 million for fiscal 2012, up 25 percent from a year earlier. Ellison’s compensation comes in the form of stock options, with his base salary listed at $1.
Toyota Motor - Toyota is planning to boost its “green” vehicle lineup, announcing plans for 21 new hybrids over the next three years, a new electric car this year, and a fuel cell vehicle by 2015.
Apple - The company continues to be in the news on a variety of stories about the iPhone 5 release. Among them: AllTHingsD is reporting on consumer complaints that the iPhone 5 case scratches very easily, and a Wall Street Journal report that Apple gave relatively few phones to retail partners like Best Buy and RadioShack.
Yahoo - CEO Melissa Mayer plans to reveal the company’s new strategic direction at an all-hands meeting on Tuesday, according to AllThingsD. That comes after two days of meetings with the company’s board of directors.
Goldman Sachs - The firm is planning to fire 100 partners, according to a report in the Sunday Times over the weekend.
Discover Financial Services - The credit card issuer has reached an agreement in principle to refund about $200 million to cardholders who bought certain credit-protection products. The agreement was struck with the FDIC and the new Consumer Financial Protection Bureau.
Ford Motor - The automaker's Canadian workers have voted in favor of a new four-year labor agreement. As is the case in the U.S., the deal will serve as a template for bargaining with the Canadian units of General Motors and Chrysler.
Robert Half International - Bank of America/Merrill Lynch has upgraded the employment company's shares to "buy" from "neutral."
Foot Locker - Deutsche Bank is making positive comments about the athletic shoe and apparel retailer's stock following meetings with management, raising its earnings forecast for Foot Locker, as well as its price target on the stock.
Darden Restaurants - The Olive Garden parents shares have been downgraded to "neutral" from "overweight" at JPMorgan, citing a negative traffic environment and risks relating to changes in its menus.
—By CNBC’s Peter Schacknow
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