BMC, MBIA, Mead Johnson, SanDisk, Visa: U.S. Equity Preview
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By Lu Wang
Dec. 12 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading on Dec. 14. Stock symbols are in parentheses.
The following companies will join the Standard & Poor’s 500 Index after the close of trading on Dec. 18:
-- Cliffs Natural Resources Inc. (CLF US), North America’s largest iron-ore producer
-- Mead Johnson Nutrition Co. (MJN US), maker of Enfamil baby formula
-- Ross Stores Inc. (ROST US), owner of the Ross Dress for Less discount chain
-- SAIC Inc. (SAI US), a defense contractor specializing in computer services
-- Visa Inc. (V US), the world’s biggest electronic payments network
The following stocks will be dropped from the S&P 500:
-- Ciena Corp. (CIEN US), a maker of networking gear
-- Convergys Corp. (CVG US), an operator of customer- service call centers
-- Dynegy Inc. (DYN US), a power producer
-- KB Home (KBH US), a homebuilder
-- MBIA Inc. (MBI US), the largest bond insurer
The following companies will join the Nasdaq-100 Index, which underlies the PowerShares QQQ (QQQQ US) exchange-traded fund, after the close of trading on Dec. 18:
-- BMC Software Inc. (BMC US), a maker of programs that manage mainframes and computer networks
-- Mattel Inc. (MAT US), the world’s biggest toymaker
-- Mylan Inc. (MYL US), a generic drugmaker
-- Qiagen NV (QGEN US), a Dutch biotechnology company
-- SanDisk Corp. (SNDK US), the biggest maker of flash- memory cards used in digital cameras
-- Virgin Media Inc. (VMED US), the U.K.’s second-largest pay-television company
-- Vodafone Group Plc (VOD US), the world’s largest mobile- phone company
GTx Inc. (GTXI US): The developer of a drug to prevent broken bones in prostate-cancer patients said it will cut 28 percent of its staff because of delays in introducing the treatment.
Hansen Medical Inc. (HNSN US): The maker of medical robotics settled litigation against Luna Innovations Inc. (LUNA US) under an agreement that will give Hansen Medical a 9.9 percent stake in Luna and rights to certain Luna technology.
Vail Resorts Inc. (MTN US): The Colorado-based ski resort operator expects more people at its resorts this ski season, Chief Executive Officer Robert Katz said in an interview on CNBC. Lift-ticket sales are up 10 percent, he said.
To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net.
