Stocks in the news Monday

From Standard & Poor’s Equity Research

Watch original video:

Shares of General Motors (GM) and Ford (F) rise on hopes that an auto bailout could come today. Reuters reports that the White House and congressional Democrats are expected to finalize a $15 billion proposal to bail out automakers, a plan that will carry stiff conditions to betray the package to lawmakers. Also, on CNBC UAW President Gettelfinger before-mentioned UAW ready to “go to the table” to negotiate; disagrees with idea of prepackaged bankruptcy for GM, and that it’s premature to discuss Chrysler-GM merger.

3M Co. (MMM) says as a resolution of economic realities such as expected 10% degeneracy in fouth quarter organic volume, negative effects of publicity, cuts $5.40-$5.48 2008 EPS leadership to $5.10-$5.15 (excluding items). Says forex impacts are expected to reduce 2009 sales 6%-7%, sees $4.50-$4.95 EPS.

Chesapeake Energy (CHK) says it has further reduced capex plans for 2009 and 2010 to achieve cash neutral budget. To fabricate up to $4 billion in more cash resources in 2009 and 2010 thru further asset monetizations. Additionally, CHK continues to have talks with multiple parties towards either minority investment in its midstream ops or buy of portion of its existing midstream assets, and expects to complete midstream apportion in the first quarter 2009. To amend acquisition ledge registry statement to reduce number shares to be registered from 50 the masses to 25 million.

Apple (AAPL) rises 5.72 to 99.72 after CNBC reports that AAPL confirmed that a translation of its popular iPhone will subsist selling soon through Wal-Mart (WMT), but the technology assembly denied reports that the price concerning the device will be as low as $99.

Dow Chemical (DOW) announces course of actions to expedite its transformational tactics in light of current economic realities, including elimination of about 5,000 jobs (11% of global workforce), closure of 20 facilities and divestiture of several non-strategic businesses. Also, reflecting poor in every one’s mouth emporium conditions, Dow will temporarily idle respecting 180 plants and significantly master its contractor workforce worldwide by touching 6,000 as predicated by reduced operations. S&P keeps sell.

NYSE Euronext (NYX) says November U.S. cash products average daily volume increased 26%, NYSE listed matched volume increased 14%, NYSE Arca and NYSE Alternext US listed matched volume increased 174%, Nasdaq listed matched volume decreased 4%, exchange-traded funds matched volume increased 94%.

SL Green Realty (SLG) forecasts $2.25-$5.50 2009 funds from operations for share. Separately, SLG and Gramercy Capital give out an agreement to sell their interests in a three-building, 670,000-square-foot office character in Bridgewater, N.J. The $230 million deal includes the assumption of an existing $190 million mortgage and is expected to close within the next 60 days. The transaction will result in a capitalization estimate of 6.9% to the seller. S&P raises target, maintains hold.

United States Steel (X) rises 7.03 to 35.79 after Goldman reportedly upgrades X and Olympic Steel (ZEUS).

JPMorgan Chase & Co. (

Original text: {news-link}