Bank of America, ATCO, AGCO, FLEX, ROG, SLM, APC, TUWLY Popular Stocks
U.S. stocks traded higher Wednesday, as the Dow Jones Industrial Average rose 105 points to 9789, the S&P 500 rose 15 points to 1068 and the Nasdaq Composite rose 27 points to 2130.
Lawyers for Bank of America Corp (NYSE:BAC, $17.24, +$0.45, 2.69%) and former Merrill Lynch & Co brokerage chief Robert McCann were in talks Wednesday to resolve his lawsuit accusing the bank of blocking him from taking a job with a rival.
American Technology (Nasdaq:ATCO, $1.87, +$0.55, 41.67%) higher 41.67%; surging on extremely heavy volume of 3.26 m. Not hearing any company-specific news.
Agco (NYSE:AGCO, $28.42, -$4.14, -12.71%) projected third-quarter results below analysts’ expectations as it slashed its 2009 forecast again Wednesday, citing weaker-than-expected international results.
Flextronics International Ltd. (NASDAQ:FLEX, $7.51, +$0.59, 8.49%) got a boost from CNBC personality Jim Cramer who talked up the electronic manufacturing services industry on his show late Tuesday, saying a return to technology demand will have the industry booming. Cramer listed Flextronics, which makes outsourced parts and equipment for manufacturers, as his favorite stock in the industry and predicted shares have lots more room to run up.
Rogers Corp. (NYSE:ROG, $29.27, +$2.26, 8.37%) raised its third-quarter outlook, saying sales of high-performance foams in the cellphone and consumer-electronics markets were surprisingly strong.
SLM Corp.’s (NYSE:SLM, $9.16, +$0.49, 5.68%) modified Dutch auction to repurchase two note series was expanded to $1.24 billion as the company, commonly known as Sallie Mae, received tenders totaling that amount.
Anadarko Petroleum Corp. (NYSE:APC, $64.88, +$5.71, 9.65%) and Tullow Oil PLC (OTC:TUWLY, $196.15, +$18.20, +10.23%) said Wednesday they have discovered oil off the coast of Sierra Leone, a find that analysts say signals huge potential for further discoveries in an area stretching east through the waters of Liberia, Cote d’Ivoire into Ghana.
Related Posts
