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Stocks to Watch: Dollar General, Electronic Arts, Ford, Microsoft, TiVo


Past the weekly hump...


Stocks to Watch for Thursday November 30:

  • Cingular Wireless, the largest U.S. mobile phone service carrier, said on Wednesday it will start selling Research in Motion's (RIMM) new BlackBerry "Pearl" handheld device on Friday.
  • Dollar General (DG) named David L. Beré president after a two-year vacancy and said it plans to close 400 stores, revamp others and improve their mix of merchandise.
  • Electronic Arts (ERTS) expects to see a big boost in the revenue it derives from in-game advertising during the holidays.
  • EOG Resources (EOG) announced plans to expand drilling in dense shale fields, a growing source of natural gas.
  • Ford (F) said up to 38,000 U.S. factory workers agreed to buyouts and forecast big cash outflows.
  • General Motors' (GM) Wagoner said the auto maker is accelerating its fuel-efficiency efforts with plans for a plug-in Saturn hybrid and expanded production of biofuel vehicles.
  • Microsoft's (MSFT) new operating system, Windows Vista, starts its global roll-out today, being first made available to business customers.
  • Smithfield Foods (SFD) reported a 13% decline in fiscal second-quarter net income, with the quarter's results coming in lower than expected on a weaker fresh pork market.
  • Talks between Starbucks (SBUX) executive Jim Donald and Ethiopian Prime Minister Meles Zenawi over issues of trademarking three types of coffee beans have failed.
  • Talisman Energy (TLM) said it has agreed to sell its indirect 1.25% interest in Syncrude to Canadian Oil Sands Trust's (COSUN) operating unit for C$475 million ($417.4 million).
  • TiVo (TIVO) said its third-quarter loss narrowed as service and technology revenue climbed 22%. TiVo said it lost $11.1 million, or 12 cents a share, compared with a loss of $14.2 million, or 17 cents, in the same quarter a year earlier.
  • US Airways (LCC) and Delta executives will face off in front of the creditors who could ultimately decide whether an $8.5 billion hostile merger of the two airlines takes place.

Market Update:

  • Asian trading closed with the Hang Seng +0.96%, Nikkei +1.23%, Sensex +0.58%, Taiwan +1.25%, Shanghai +2.20% and Jakarta +0.32%.
  • A quick check across the pond finds the CAC +0.13%, DAX +0.31%, FTSE +0.24%, ATX +1.28%, Swiss Mkt -0.23% and Stockholm -0.18%.
  • Crude oil is trading +0.10 to 62.56 while gold is +3.3 to 645.1 this morning. For their part, stateside futes are above fair value.
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No positions in stocks mentioned.

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