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Stocks To Watch: Boeing, CBOT Holdings, Darden Restaurants, Huntsman, Sony


Today's top stories and some stocks with potential to move...


Stocks to watch for Monday, July 9:

  • Alcoa (AA) is expected to report second-quarter earnings per share of 81 cents, according to analysts polled by Thomson Financial.
  • Apollo raised its offer for Huntsman (HUN) to $28 a share, valuing the chemical concern at around $6.5 billion, in an effort to block a move by rival bidder Bassell.
  • Alnylam Pharmaceuticals (ALNY) will get $331 million upfront and up to $1 billion in milestones from Roche (RHHBY) in return for a license to Alnylam's platform for RNA interference therapeutics.
  • Boeing (BA) over the weekend unveiled its 787 Dreamliner and received orders for the plane from Air Berlin and Aviation Lease and Finance Company of Kuwait and an increased order from Qantas Airways.
  • Campbell Soup (CPB) is making a push into Russia and China with broths and "starter soups," in a move to drive sales growth, which now relies heavily on the U.S.
  • Chicago Mercantile Exchange Holdings (CME) faces a vote today on its acquisition of CBOT Holdings (BOT) for $11.9 bln, while rival IntercontinentalExchange (ICE) decided it wouldn't sweeten the terms of its own offer for CBOT, according to people familiar with the matter.
  • Darden Restaurants (DRI) , the owner of the Olive Garden and Red Lobster chains, is expected to report same-restaurant sales for June.
  • Dow Jones (DJ) is making a last push to find alternative buyers for itself, even as it continues negotiations with News Corp. (NWS).
  • Pepsi Bottling Group (PBG) is expected to report second quarter earnings per share of 63 cents.
  • Sony (SNE) cut the price of its PlayStation 3 game console by $100 to $499 to better compete with rival systems from Microsoft (MSFT) and Nintendo.
  • Viacom's (VIA) MTV group agreed to negotiate upfront ad sales for the coming season based partly on commercial ratings.
  • Wendy's (WEN) same-store sales at U.S. company-owned restaurants rose 0.7% in the second quarter, while those at the fast-food chain's franchised outlets crept up 0.4%.

Market Update:

  • Asian trading closed with the Hang Seng +1.27%, Nikkei +0.67%, Sensex +0.55%, Taiwan +1.98% and Shanghai +2.69%.
  • A quick check across the pond finds the CAC +0.27%, DAX +0.48%, FTSE +0.29%, ATX +0.47%, Swiss Mkt. +0.44% and Stockholm +0.61%.
  • Crude oil is trading lower -0.38 to 72.43 while gold is trading higher +3.4 to 658.2 this morning.
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No positions in stocks mentioned.

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