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Monday, September 19, 2011

Stocks to watch today ( UTX,GM,TYC,LEN,NFLZ )

- United Technologies(UTX), the provider of technology products and services to the building systems and aerospace industries, reportedly is exploring a takeover bid for Goodrich(GR), the maker of landing gear, wheels, brakes, engine control systems and other products for airplanes.
Goodrich shares were surging 12.3% to $104.30 in premarket trading Monday.

Tyco International(TYC) said it would separate into three publicly traded companies -- security business ADT North America, flow control products and services, and a commercial fire and security business.
Shares were gaining 7.6% to $47.

Homebuilder Lennar(LEN) said fiscal third-quarter profit declined 31% as home deliveries fell 3%.
Lennar earned $20.7 million, or 11 cents a share, in the third quarter, down from year-earlier earnings of $30 million, or 16 cents. The EPS figure met analysts' expectations.
Shares were rising 2.9% to $14.20.

General Motors(GM) has reached agreement with the United Auto Workers union on a new four-year labor contract covering the Detroit carmaker's 48,500 U.S. workers.
Shares were down 0.9% to $22.40.

Netflix(NFLX) said it would rebrand its DVD-by-mail service as "Qwikster," as it separates the business from its movie streaming business.
Shares were down 0.5% to $154.35.
-- Written by Andrea Tse
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