Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.
Delphi Corp., closed flat at $5.49.
JPMorgan upgraded the Troy, Mich., auto-parts supplier to ``overweight″ from ``neutral,″ saying it believes the company faces upside potential if it is bailed out by General Motors Corp. and the United Auto Workers.
Federated Department Stores Inc., up 93 cents to close at $73.69.
The Cincinnati-based company reported that its second-quarter profit nearly doubled.
American Express Co., up 91 cents to close at $56.50.
Morgan Stanley upgraded the New York-based travel and credit card company to ``equal weight″ from ``underweight″ on strong second-quarter results.
Transmeta Corp., up 29 cents to close at $1.35.
The microprocessor company, based in Santa Clara, Calif., swung to a profit for the second quarter as revenue more than doubled on license and service revenue.
Qualcomm Inc., up 44 cents to close at $39.21.
The wireless technology firm based in San Diego was upgraded by Morgan Stanley to ``equal weight″ from ``underweight″ on valuation.
Cisco Systems Inc., down $1.36 to close at $18.25.
The company, headquartered in San Jose, Calif., projected that its revenue would grow 10 percent in the current quarter, less than analysts expected.