Friday, March 18, 2011

LargeCap Stocks to Watch Today

LargeCap Stocks to Watch TodayGenetic diagnostics company Celera was popping 27.1% to $7.97 in premarket trading Friday after receiving an offer from diagnostics testing company Quest Diagnostics for $8 a share. Shares of Quest were flat at $54.25 in premarket trading.

Sports apparel company Nike was falling 7.6% to $78.90 after reporting third-quarter earnings that fell short of expectations.

Automaker Honda was falling 2.3% to $37.97 in premarket trading Friday after it said it will be halting production in Japan until March 23, three days longer than expected, after a massive earthquake hit the country last week.

Oil drilling equipment company Weatherford International was rising 1.4% to $20.65 after it said that it won a design and construction contract with Marine Well Containment.

Automaker General Motors was rising 1.2% to $31.82 after Bloomberg reported that the company's treasurer and soon-to-be chief financial officer, Dan Ammann, is thinking of ways to expand into dealer-inventory financing.

Natural gas producer EnCana was up 0.4% to $33.62 after announcing that it will acquire a 30% interest in the Kitimat liquefied natural gas export terminal that is in development and located on the west coast of central British Columbia. EnCana joins existing owners Apache and EOG in the development.

Shares of tobacco companies Altria were up 0.3% to $24.44, while peer Reynolds American rose 0.3% to $32.95 as the U.S. Food and Drug Administration, according to The Wall Street Journal, indicated that banning menthol tobacco products could be challenging.

Food company General Mills said Friday it's in exclusive talks to buy a 50% stake in Yoplait, the French yogurt maker.

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