Before the bell: CVH, CCL, CC, HPQ, GOOG, YHOO, GM, AAPL

June 2008

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26 06 2008

Before the bell: CVH, CCL, CC, HPQ, GOOG, YHOO, GM, AAPL

Posted by: in Employment opportunities

Filed under: Before the bell, Earnings reports, Analyst reports, Analyst upgrades and downgrades, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Hewlett-Packard (HPQ), General Motors (GM), Aetna Inc (AET), Carnival Corp (CCL), CIGNA Corp (CI), Circuit City Stores (CC), Coventry Health Care (CVH)

Before the bell: Futures mixed after selloff

Coventry Health (NYSE: CVH) shares were down nearly 17% in after-hours trading Wednesday after the managed-care provider lowered estimates for second-quarter and full-year earnings due to disappointing April and May results. Wachovia downgraded CVH to Market Perform from Outperform. Other healthcare stocks felt the pressure and were down in after-hours or premarket trading: UnitedHealth (NYSE: UNH) -7%, Aetna (NYSE: AET) -9.9%, WellPoint (NYSE: WLP) -6%, Humana (NYSE: HUM) -5% and Cigna (NYSE: CI) -5%.

Carnival (NYSE: CCL) is due to report second-quarter financial results.
Circuit City Stores Inc. (NYSE: CC) is due to release first-quarter financial results.

Hewlett-Packard (NYSE: HPQ) is reorganizing its printer unit in the face of declining growth of the business, The Wall Street Journal reported. Basically, as consumers print less, H-P is trying to adapt and is reducing five business unitsto three.

Figures released by comScore and posted on TechCrunch show that Google’s (NASDAQ: GOOG) U.S. query share rose to 61.8%, Yahoo’s (NASDAQ: YHOO) share also rose to 20.6%, and Microsoft’s (NASDAQ: MSFT) share fell to 8.5%.
Also concerning these stocks:
- Yang Goes to Capitol Hill to Talk Up Google Deal
- Google’s YouTube Is Sued by Spain’s Telecinco for Copyright Infringement
- Yahoo addresses e-mail concerns with new domains

General Motors Corp. (NYSE: GM) is delaying the redesign of SUVs and full-size trucks as it undergoes a wider review aimed at building lighter, fuel-efficient vehicles, according to a report in The Wall Street Journal.

The Register claims that Apple Inc. (NASDAQ: AAPL)’s new 3G iPhone costs $100 to make.

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