Morning Movers 11/17: United Therapeutics (UTHR) Sinks On Drug Failure, Las Vegas Sands (LVS) Up On Auditor Commnets

November 17, 2008 9:41 AM EST

StreetInsider.com Morning Movers:

United Therapeutics Corp. (Nasdaq: UTHR) 32% LOWER; FREEDOM-C Trial of Oral Treprostinil in Pulmonary Arterial Hypertension Fails to Meet Primary Endpoint

Genworth Financial (NYSE: GNW) 22% HIGHER; has filed a savings and loan holding company application with the Office of Thrift Supervision with respect to the acquisition of InterBank fsb of Maple Grove, Minnesota. Genworth and InterBank have reached an agreement in principle, subject to negotiation of a definitive agreement. Genworth also filed an application for the U.S. Treasury Department's Capital Purchase Program (CPP) under the Troubled Asset Relief Program (TARP).

Las Vegas Sands (NYSE: LVS) 14% HIGHER; Auditor removes Going Concern comment

Mechel Open Joint Stock Company (NYSE: MTL) 12% LOWER; Citi cuts to Sell

CF Industries Holdings, Inc. (NYSE: CF) 8% LOWER; Ag names lower on analyst comments

MEMC Electronic Materials Inc. (NYSE: WFR) 7% LOWER; Collins Stewart downgrades

Alcoa, Inc. (NYSE: AA) 6% LOWER; UBS downgrades to Neutral

Freeport-McMoRan (NYSE: FCX) 5% LOWER; JP Morgan downgrades to Neutral

Dell Inc. (Nasdaq: DELL) 4% LOWER; Merrill Lynch downgrades to Neutral

Terra Industries Inc. (NYSE: TRA) 6% LOWER; Ag names lower on analyst comments

Target Corporation (NYSE: TGT) 3.9% LOWER; reports Q3 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter was $ billion, versus the consensus of $15.24 billion. Same store sales fell 3.3% during the quarter.

Mosaic Co. (NYSE: MOS) 3% LOWER; Ag names lower on analyst comments

Eaton Corporation (NYSE: ETN) 2.7% HIGHER; Warren Buffett shows new stake

Advanced Micro Devices Inc. (NYSE: AMD) 2.5% HIGHER; Cramer highlights on Mad Money

Lowe's (NYSE: LOW) 2% LOWER; reports Q3 earnings of $0.33 per share, above the consensus of $0.28. Revenues came in at $11.73 billion, versus the consensus of $11.62 billion. Sees Q4 EPS of $0.08-$0.16 versus the consensus of $0.18.

Potash Corp. (NYSE: POT) 1.2% LOWER; Ag names lower on analyst comments

ConocoPhillips (NYSE: COP) 1% HIGHER; Warren Buffett raises stake

Citi (NYSE: C) 1% LOWER; announced plans to strengthen itself in 2009. The company is targeting expense reductions of 20% and headcount reductions of 20% from peak levels. Citi is targeting a headcount of approximately 300,000, which is down from the current headcount of 352,000.

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