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Hot Stocks Of The Day: UAUA, LCC, DAL, AMR, PG, MON, TXN, DVAX
By: iStockAnalyst   Thursday, September 10, 2009 1:59 PM

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(By Salman - iStockAnalyst Writer)US stocks, which started the day on a lackluster note, turned higher later in the day.

Below we highlight few stocks that are witnessing heightened activity on Thursday.

Airline Stocks: Airline stocks rallied on Thursday after J.P. Morgan upgraded shares of US Airways and United parent UAL Corp., citing better-than-expected passenger demand, lower jet fuel prices and mild weather, improved liquidity position and reduced anxiety over potential bankruptcies. UAL Corp.,(NYSE: UAUA) , which was raised to "overweight" from "underweight," jumped 20%. US Airways Group Inc. (NYSE: LCC) surged 13% after JP Morgan whose rating was boosted to "neutral" from "underweight." Delta Air Lines Inc. (NYSE: DAL) soared 10% while AMR Corp. (NYSE: AMR) gained 8%. The US carries have been able to improve monthly load factor, or the percentage of seats filled,  by cutting capacity. At UAL Corp., monthly load factor rose to 86.1% from 83.6% last year, while American Air's load factor rose to 84.7% from 83.5%.

Procter & Gamble Co. (NYSE: PG) said Thursday that it expects to report fiscal 2010 earnings in the range of $3.99 to $4.12 a share. The earnings guidance includes a one-time gain of 44 cents a share from the sale of its pharmaceutical business as well as related earnings dilution of 10 cents to 12 cents a share. The consumer giant expects to earn in the range of 95 cents to $1.00 a share in fiscal first quarter and said that it expects second-quarter organic sales growth of 1% to 4%. Analysts, on average, were looking for a profit of $3.80 a share for fiscal 2010 and 96 cents a share for the first quarter. For fiscal year 2010, P&G confirmed previous guidance for organic sales growth of 1% to 3%. The Cincinnati, Ohio-based company said that it is slashing prices and boosting promotions across nearly 10% of its household brands. Through these measures, it hopes to revive sales growth and boost market share. The company currently owns 24 brands that generate more than $1 billion in sales a year. Shares of Procter & Gamble climbed over 3% in midday trade.

Monsanto Co (NYSE: MON) on Thursday affirmed that 2009 ongoing earnings would come in at the low end of its previously announced range of $4.40 to $4.50, for the year ended August 31.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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