This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Stocks to Watch: Accenture, Nike

Stocks in this article: MSFT NKE ACN SI TWGP GOOG INTU PEP EK SU


NEW YORK ( TheStreet) -- Accenture (ACN), the provider of management consulting and technology services, is being added to the S&P 500, replacing Marshall & Ilsley (MI) at the close of trading on July 5. Shares of Accenture were popping 5.3% to $60.86 in premarket trading Tuesday.






Sports apparel company Nike (NKE) reported fiscal fourth-quarter earnings of $594 million, or $1.24 a share, for the three months ended May 31 on revenue of $5.77 billion, up from a year-ago equivalent profit of $522 million, or $1.06 a share, on revenue of $5.08 billion. Shares were spiking by 4.5% to $85.25.






Engineering conglomerate Siemens (SI) said a payment to former nuclear joint-venture partner Areva NP will weigh on earnings in the current quarter, although it expects to report a significant increase in orders. Siemens noted that earnings would be impacted by a ruling in May that it must pay €648 million ($920 million) , plus interest, to France's Areva over its decision in 2009 to pull out of a joint venture to build nuclear plants. Shares were falling 2.7% to $128.40.


Microsoft (MSFT) was expected to move up the release of its next version of Windows to April 2012 from the fall. There's also been buzz about cloud versions of its Office software suite. Shares were trading up 0.2% at $25.25.






Internet search giant Google (GOOG) is facing a €295 million ($419 million) lawsuit from French Internet giant 1plusV over unfair competitive practices in France. Shares were down 0.1% to $482.19.






Tower Group (TWGP), the property and casualty insurance products company, said it expects weather-related losses will reduce its second-quarter earnings by 13 cents a share.






QuickBooks provider Intuit (INTU) has acquired mobile Web banking technology assets from Mobile Money Ventures, a provider of next-generation mobile financial solutions. Financial details of the deal weren't revealed.






Food and beverage giant PepsiCo (PEP) is launching the first new advertising campaign for its flagship Pepsi-Cola in three years, as it tries to boost U.S. soda sales and regain momentum against rival Coca-Cola (KO), The Wall Street Journal reported. The company wants to spend roughly 30% more this year on TV advertising for its North American beverages products, focusing on sodas, the report said.






Legg Mason Capital Management Value Trust reveals that it sold 18.2 million Eastman Kodak (EK) shares near the end of last year and in the first quarter for roughly $3.89 a share on average; this is much lower than the $100 a share value that the fund's head asset manager, Bill Miller, calculated several years earlier.






Natural gas company Southern Union (SU) said it will engage in merger talks with integrated natural gas company Williams (WMB) even after rival bidder Energy Transfer Equity (ETE) attempted to prevent the talks.

-- Written by Andrea Tse in New York.



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

RELATED STORIES:

>> 5 Worst-Performing S&P 500 Stocks of 2011
>> Goldman Sachs' Best Tech Stocks for 2011

Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,877.65 +72.85 0.41%
S&P 500 2,072.05 +1.40 0.07%
NASDAQ 4,774.43 +9.05 0.19%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs