This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Stocks to Watch: Harbin Electric, Nabors

NEW YORK ( TheStreet) -- Electric motor company Harbin Electric (HRBN) reached a deal to be bought by $24 a share by Cayman Islands-based Tech Full Electric , a group led by Harbin's CEO. Harbin shares were surging 84.2% to $15.45 in premarket trading Monday.

Land drilling contractor Nabors Industries (NBR - Get Report) expects its second-quarter operating income to be in the range of $165 million to $170 million. This is primarily due to lower-than-expected results from its pressure pumping, U.S. offshore and international businesses. Nabors shares were tumbling 4.2% to $23.03.

Financial firm ING (ING - Get Report) has confirmed that it is in talks to sell its European car-leasing unit for what media reports estimate to be €4 billion ($5.7 billion). Shares were falling 2.4% to $11.44.

Troubled mobile phone maker Nokia (NOK - Get Report) kicks off its annual Nokia Connection 2011 event on Tuesday in Singapore, where it will showcase it newest products. Shares were falling 2% to $5.90.

BlackBerry maker Research In Motion (RIMM) has been cut to underperform from market perform by Sanford Bernstein. Shares were falling 1.8% to $27.25.

PNC Financial Services (PNC - Get Report) has agreed to purchase the U.S. retail banking unit of Royal Bank of Canada (RY - Get Report) for $3.45 billion. PNC shares were down 0.9% to $57.30.

Conglomerate General Electric (GE - Get Report) and its two largest unions have reached a tentative, four-year labor deal affecting more than 15,000 GE workers. GE shares were down 0.7% to $18.37.

Although analysts expect that Airbus, on its home turf, will win the Paris Air Show order battle, it's anticipated that Boeing (BA - Get Report) will head into the show with more orders year to date, particularly on the widebodies. The show kicks off on Monday. Boeing shares were lower by 0.5% to $73.80.

Japanese electrical giant Panasonic (PC) said Monday it expects fiscal 2012 earnings of 30 billion yen ($373.7 million), a decrease of almost 60% from a year earlier because of the impact of the March 11 earthquake and tsunami.

>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to:
Copyright 2011 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $116.36 -1.21%
GE $28.30 0.07%
ING $10.96 2.62%
NOK $5.82 -1.02%
NBR $5.94 -2.62%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs