Company News for June 16, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/21107/Company+News+for+June+16%2C+2009+-+Corporate+SummaryPosted on Tuesday, June 16th, 2009 | In Market Commentary, Stocks to Watch
* Adobe Systems (NASDAQ:ADBE) is scheduled to report fiscal second quarter earnings after the market closes, with analysts anticipating results of 35 cents versus 50 cents a year ago
* General Motors (NASDAQ:GMGMQ) announced a preliminary agreement to sell its Saab unit to Koenigsegg, a local sports car manufacturer
* Capital One Financial (NYSE:COF) reported US credit card write-offs increased almost one percent in May
* Microsoft (NASDAQ:MSFT) shares rose on reports that its new search engine, Bing, outperforms rival Google’s (NASDAQ:GOOG) product
* Smithfield Foods (NYSE:SFD) reported a fiscal fourth quarter loss of 55 cents a share on revenues of $2.85 billion
* JP Morgan (NYSE:JPM) upgraded Magna International (NYSE:MGA) and Tenneco (NYSE:TEN) to “overweight” from “neutral”
* Goldman Sachs (NYSE:GS) initiated coverage of Cummins (NYSE:CMI) with a “buy” rating and a price target of $42
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
Adobe Systems, Capital One Financial, cent;, Cummins, General Motors, Goldman Sachs, google, JP-Morgan, Koenigsegg;, local sports car manufacturer;, Magna International;, Market Commentary, microsoft, Saab;, Search Engine, Smithfield Foods, Stocks to Watch, Tenneco, United States, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.