Sunday, September 29, 2013

Morning Movers: Aeropostale Jumps 11% as Investor Takes Big Stake; Goldman Sachs Upgrades BB&T

Stocks appear set to open little changed today following yesterday’s Larry Summers inspired rally.

AP

Dow Jones Industrials futures have gained 4 points to 15,435, while the S&P 500 has fallen 0.2 point to 1,691. The Nasdaq Composite is up 1.5 points at 3,162.50.

Aeropostale (ARO) has gained 11% to $9.55 after Hummingbird LLC said it had taken an 8% stake in the struggling retailer.

It’s been an active morning for JPMorgan.  Delta Air Lines (DAL) has gained 2.4% to $23.70 in pre-open trading, while U.S. Airways (LCC) has risen 2.4% to $18.50 after being upgraded to Overweight from Neutral at JPMorgan. ConAgra (CAG), meanwhile, has fallen 1.7% to $31.65, after JPMorgan downgraded it to Neutral from Overweight.

BB&T Corp. (BBT) has 1.1% to $34.86 after it was upgraded to Buy from Neutral at Goldman Sachs.

No comments:

Post a Comment