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Stocks to Watch: Amazon, Bear Stearns, Google, KB Home, Microsoft, Philips


Shine on brightly...


Stocks to watch for Friday, June 16.

  • Amazon (AMZN) has begun selling groceries on its Web site, a careful step by the company into what has been a challenging space for online retailers.
  • Bear Stearns (BSC) said second-quarter profit surged 81% to a record $539 million, helping to reverse a recent decline in brokerage stocks.
  • General Motors (GM) faces industrial action across its European factories as trade unions campaign against the shift of production from the west to cheaper countries in the east.
  • Google (GOOG) is testing GBuy online payment system. CEO Eric Schmidt said GBuy is not like eBay's (EBAY) PayPal at all; the system is targeted at advertisers and not general consumers.
  • KB Home (KBH) posted higher profit and revenue, but echoed other home builders in lowering expectations in a cooling market.
  • Logitech (LOGI) CEO reaffirms FY op income is up 15% y/y, on revs up 15% y/y.
  • Bill Gates on Thursday announced his intentions to leave his full-time role at Microsoft (MSFT). Said he would switch his attention instead to philanthropy.
  • Oracle (ORCL) announced higher-than-expected preliminary profit and revenue for the latest quarter on strong growth across its business.
  • Philips (PHG) agreed to buy Intermagnetics, a maker of magnets used in MRI systems, for $1.3 billion.

Market Update

  • Asian trading closed with the Hang Seng +2.64%, Nikkei +2.82%, Sensex +3.56%, Shanghai +2.64% and Taiwan +2.32%.
  • A quick check across the pond finds the CAC +0.71%, DAX +0.67%, FTSE +0.89% and ATX +4.01%.
  • Crude oil is trading +0.18 to 69.68while gold is +12.9 to 583.2 so far today. For their part, stateside futes are hanging right around fair value.


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The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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