Below are the news items affecting individual stocks in pre-market trading:
- America’s Car-Mart Inc. (CRMT) indicated up over 13% after beating earnings estimates.
- Deere (DE) trades ex-split to reflect a 2-1 stock split.
- Dell (DELL) authorized a $10 Billion share buyback plan.
- Dynegy (DYN) announced that its President and COO will retire at year end.
- eBay (EBAY) shares up 0.5% on a Yahoo! collaboration on online auctions.
- H&R Block (HRB) and Cerberus Capital mutually agreed to terminate the sale of Option One Mortgage; HRB shares down over 6% early AM.
- Lehman Brothers (LEH) will take over Van der Moolen’s NYSE specialist activities.
- LKQ Corp. (LKQX) trades ex-split to reflect a 2-1 split.
- Merck (MRK) reaffirmed 2007 EPS guidance and it guides In-Line for 2008, although shares are down almost 2% pre-market.
- Orbitz Worldwide (OWW) announced a distribution agreement with Avis.
- Reant-a-Center (RCII) is closing 280 stores.
- R.H. Donnelley (RHD) announced a $100 million stock buyback plan.
- Sanderson Farms $1.18 EPS vs. $1.35 EPS estimates; unsure if comparable.
- TASER (TASR) announced two Follow-On orders.
- Yahoo! (YHOO) trading flat to up marginally after announcing an online auction collaboration with eBay.
Jon C. Ogg
December 4, 2007