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Futures are pointing modestly lower. It could prove to be a quiet day in the markets. But these seven stocks could see a little more action.
JPMorgan Chase (JPM) – With Jamie Dimon slated to testify before the Senate’s banking Committee about the huge trading loss at the hands of the CIO office, JPMorgan’s stock could be a big mover today.
Prudential Financial (PRU) – Prudential authorised a $1 billion common stock share repurchase program that will begin July 1.
Dell (DELL) – Dell announced that it plans to start paying dividends. The first quarterly payment will be 8 cents a share starting in the third quarter.
Johnson & Johnson (JNJ) – Johnson & Johnson expects to close its $19.7 billion bid for Synthes Inc. on Thursday. Both the U.S. and European regulators have cleared now cleared the deal.
Scotts Miracle-Gro (SMG) – Scotts Miracle-Gro expects to fall short of its fiscal year guidance. With its U.S. retail partners slowing, the company expects to miss estimates.
Intermec (IN) – Intermec will eliminate 170 jobs, or roughly 7 per cent of its workforce. CEO Allen Lauer said the restucturing may begin as early as this year’s third quarter.
Zynga (ZNGA) – Zynga was down 10 per cent yesterday as the Wall Street Journal reported survey results that show slowing growth in the U.S. for Facebook. With Zynga’s reliance on Facebook, a slowdown from the social networking site can have significant damages.