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STOCKS NEWS-Goldman Sachs upgrades Boeing to 'buy'

Real-time equity news U.S. stock market report 0951 ET 10May2010-Goldman Sachs upgrades Boeing to "buy" ------------------------------------------------------------------------------ Goldman Sachs raised Boeing Co to "buy" from "neutral" and added the stock to its "Americas Conviction List," citing the company's exposure to most of the global themes that are driving outperformance in stocks. "We believe the key to what we missed, and why the stock can continue to outperform, is its breadth of leverage to positive global themes in the market today," the firm wrote to clients. For details, see Shares of Boeing, a Dow component, rose 6.7 percent to $71.16. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0940 ET 10May2010-Markets soar at the open on global bailout ------------------------------------------------------------------------------ U.S. stocks surged at the opening on Monday as a $1 trillion global emergency rescue package eased contagion concerns. The Dow Jones industrial average soared 332.61 points, or 3.20 percent, at 10,713.04. The Standard & Poor's 500 Index was up 36.31 points, or 3.27 percent, at 1,147.19. The Nasdaq Composite Index jumped 98.43 points, or 4.34 percent, at 2,364.07. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0905 ET 10May2010-Bernstein downgrades cable sector to "neutral" ------------------------------------------------------------------------------ Bernstein Research downgraded the cable sector to "neutral" on Monday, citing the prospect of broadband price regulation. "The sector remains a relatively defensive one; indeed, it would arguably be only more so under regulation," the firm said. "But the upside is now sufficiently diminished -- or, at least, obscured -- to no longer warrant an aggressively positive stance." Bernstein downgraded Comcast Corp, Time Warner Cable Inc and Cablevision Systems Corp to "neutral." Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0857 ET 10May2010-Polycom CEO to step down ------------------------------------------------------------------------------ Video conferencing company Polycom Inc said Robert Hagerty will step down as chief executive and resign from the board on Monday. Polycom named Executive Vice President Andrew Miller, a former CEO of Norwegian rival Tandberg, as CEO. Hagerty, who also served as chairman, will be an adviser to Miller and the board. David DeWalt, Polycom's lead independent director, will assume the role of chairman. For details, see Shares of Polycom closed Friday at $29.20. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0850 ET 10May2010-Mill Road to buy Rubio's for $91 mln ------------------------------------------------------------------------------ Mexican restaurant chain Rubio's Restaurants Inc said it agreed to be acquired by private equity firm Mill Road Capital LP for about $91 million in cash. The offer of $8.70 a share represents a premium of about 14 percent above Rubio's Friday closing price of $7.66. For details, see Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0836 ET 10May2010-Hotel companies are overpriced: Barron's ------------------------------------------------------------------------------ Hotel stocks may be overpriced considering the industry is only just emerging from one of its worst slumps ever and are vulnerable to any faltering of the economy, Barron's said in its May 10 edition. Barron's pointed to Starwood Hotels and Resorts Worldwide Inc, saying its $47 share price was high, at 52 times projected 2010 earnings, and Hyatt Hotels Corp, whose shares have risen to about $40 from $25 when it went public last autumn, despite expectations it will lose money this year. For details, see Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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