Friday November 6, 06:32 PM
HEADLINE STOCKS-Some U.S. stocks on the move on Nov. 6
NEW YORK, Nov 6 (Reuters) - Some U.S. stocks on the move on Friday:
GENERAL ELECTRIC CO, $15.39, up 6.7 pct
Bernstein upgraded the Dow component to 'outperform' from 'market perform,'
seeing more upside across the company into 2011.
AMAZON.COM INC, $125.94, up 4.4 pct
Bernstein upgraded the online retailer to 'outperform' from 'market perform' and lifted its price target on the stock to $160 from $125.
AMERICAN INTERNATIONAL GROUP INC, $35.64, down 9.3 pct
The insurance company reported its second-straight quarterly profit, helped by recovery in the value of its investments, but its underlying business remained weak.
W&T OFFSHORE INC, $10.79, down 8.4 pct
Jefferies downgraded the company to 'hold' from 'buy,' seeing few near-term catalysts for the stock.
CVR ENERGY INC, $8.65, down 16 pct
The oil refiner and fertilizer maker said one of its major stockholders planned to cut its stake in the firm.
PMI GROUP INC, $2.38, up 6.7 pct
The mortgage insurance company reported a third-quarter loss that was narrower than expected while revenue rose slightly from the prior year.
BLACKSTONE GROUP LP, $14.93, up 7.6 pct
The private equity company reported a higher-than-expected third-quarter profit.
TRAVELERS COS INC, $51.79, up 2.3 pct
Goldman Sachs (NYSE: GS - news) upgraded the Dow component to 'buy' from 'neutral,' expecting it to outperform over the next year on its balance sheet strength and capital management program.
STATE STREET CORP (NYSE: STT - news) , $41.93, down 2.1 pct
The company set aside an additional $250 million to cover claims by investors who lost money on risky mortgages. It also reduced its previously reported third-quarter results to reflect the larger reserve.
FORTRESS INVESTMENT GROUP LLC, $4.26, down 6.8 pct
The hedge fund and private quity company reported a third-quarter loss as management fees tracked a decline in total assets.
CBS CORP (NYSE: RBV - news) , $12.50, down 2.3 pct
The company late Thursday reported adjusted third-quarter earnings that beat expectations and revenue that was above consensus.
STARBUCKS CORP (NASDAQ: SBUX - news) , $20.98, up 6.5 pct
The company late Thursday raised its 2010 earnings outlook and reported a fourth-quarter profit that beat expectations.
VERISIGN INC, $22.81, down 4.9 pct
The company late Thursday swung to a third-quarter profit that beat expectations by a penny. It also forecast fourth-quarter revenue that was flat to up 2 percent on a sequential basis.
(Reporting by Ryan Vlastelica; Editing by Leslie Adler) Keywords: MARKETS STOCKS HEADLINES . Keywords: MARKETS STOCKS HEADLINES
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