By Eric Martin
Dec. 8 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 7:45 a.m. in New York, unless otherwise specified.
Standard & Poor’s 500 Index futures expiring in December climbed 25.6, or 2.9 percent, to 898. Dow Jones Industrial Average futures rose 211, or 2.5 percent, to 8,823. Nasdaq-100 Index futures gained 27.5, or 2.3 percent, to 1,205.5.
Raw-materials producers gained as commodity prices rallied after President-elect Barack Obama pledged the largest infrastructure-spending package since the 1950s, including building roads, bridges and repairing schools, to stimulate economic growth. Copper futures rose 7.3 percent.
Freeport-McMoRan Copper & Gold Inc. (FCX US), the largest publicly traded copper producer, increased 4.8 percent to $17.60. Alcoa Inc. (AA US), the biggest U.S. aluminum company, rose 8 percent to $8.80.
3M Co. (MMM US) dropped 3 percent to $58.03. The maker of Post-it notes, electronic road signs and other products forecast 2008 earnings excluding some items of $5.10 to $5.15 a share, less than a previously estimated $5.40 to $5.48 a share. The company also said it sees 2009 earnings per shares excluding items of $4.50 to $4.95, compared with the consensus estimate of $5.39.
Blyth Inc. (BTH US) fell 4 percent to $7.78 in trading after the official close of exchanges on Dec. 5. The maker of candles and decoration products cut its forecast, saying it expects a loss of as much as 28 cents a share in fiscal 2009.
Crown Holdings Inc. (CCK US): The packaging manufacturer, Silgan Holdings Inc. (SLGN US), Owens-Illinois Inc. (OI US) and Ball Corp. (BLL US) are among the companies that may rise as bottle and can sales increase and lower commodity prices cut production costs, Barron’s reported, citing Ghansham Panjabi, an analyst at Wachovia Securities Inc. Crown Holdings gained 47 cents to $16.64 on Dec. 5, Silgan rose $1.19, or 2.8 percent, to $44.30. Owens-Illinois rose 14 cents to $18.36, and Ball increased $1.14, or 3.4 percent, to $34.94.
General Motors Corp. (GM US) gained 25 percent to $5.10 on speculation the largest U.S. automaker will secure a U.S. government bailout. Lawmakers are working to reach an agreement today on automaker aid, as they decide conditions such as when to name a so-called “car czar” and whether to replace executives.
Ford Motor Co. (F US), the second-biggest U.S.-based automaker, climbed 17 percent to $3.19.
Hecla Mining Co. (HL US): The second-largest U.S. silver producer said it will defer quarterly preferred dividends payable Jan. 1 to conserve cash. Hecla gained 4.3 percent to $1.93 in regular trading on Dec. 5.
Heelys Inc. (HLYS US) gained 18 percent to $3.65 in trading after the official close of exchanges on Dec. 5. The maker of wheeled sneakers said it will pay a one-time dividend of $1 a share to stockholders of record on Dec. 15.
Leucadia National Corp. (LUK US): The holding company with interests in insurance, wine and real estate may advance to $30 a share amid a stock market recovery, Barron’s reported, without citing anyone. Leucadia stock gained 8.5 percent to $18.55 in regular trading on Dec. 5.
Marshall & Ilsley Corp. (MI US): Wisconsin’s biggest bank said it will participate in two Federal Deposit Insurance Corp. programs designed to bolster finances at U.S. lenders. The stock rose 4.1 percent to $13.68 in regular trading on Dec. 5.
NYSE Euronext (NYX US) rose 6.3 percent to $22.74 after Deutsche Boerse AG said it explored a merger offer for the world’s largest owner of stock markets. Deutsche Boerse, which runs the Frankfurt stock exchange, said talks with NYSE Euronext have “now ended without any conclusion.”
To contact the reporter on this story: Eric Martin in New York at ericmartin21@bloomberg.net.
Posts
No comments:
Post a Comment