Tuesday, June 2, 2009

U.S. Equity Preview: Data Domain, EMC, JPMorgan, MasTec, Pfizer, DeVry

. Tuesday, June 2, 2009

By stockOzone team

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Data Domain Inc. (DDUP US): EMC Corp. (EMC US), the world’s biggest maker of storage computers, made an unsolicited offer of $30 a share for Data Domain, setting up a potential bidding war with NetApp Inc., which agreed to buy the company for $25 a share two weeks ago.

DeVry Inc. (DV US): The provider of technical and college degrees will replace General Motors Corp. (GM US) in the Standard & Poor’s 500 Index, S&P said in a statement.

JPMorgan Chase & Co. (JPM US): The second-largest U.S. bank by deposits said it will sell $5 billion of stock to comply with a government requirement to repay its $25 billion capital infusion from taxpayers.

MasTec Inc. (MTZ US): The installer of DirecTV Group Inc. (DTV US) systems and other networks said it’s selling $100 million of convertible notes and Jon Wanzek, one of the company’s biggest shareholders is offering 4 million MasTec shares.

Pfizer Inc. (PFE US): The world’s largest drugmaker said it discontinued a phase 3 study evaluating Suntent plus paclitaxel for first-line treatment of advanced breast cancer, after the primary endpoint was not met.

Disclosure: Author does not own any of the stocks discussed here.





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