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Premarket roundup: Nordstrom, Qualcomm



By AP
16 May 2008 @ 02:28 pm EST

Among the premarket stories for Friday, May 16, from AP Financial News:

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Quotes
JWN 24.14 0.52
QCOM 40.23 -0.64
URBN 25.44 -1.11
YHOO 15.31 -0.69
MSFT 24.91 -1.41
ALB 26.43 -1.68

SYMBOL LOOKUP

NEW YORK (AP) -Shares of Nordstrom Inc. rose in premarket trading on Friday after the department store chain posted better-than-expected first-quarter earnings.

NEW YORK (AP) -Qualcomm Inc. stands to benefit from increasing competition in the smart phone market, which could boost earnings by as much as 19 cents per share next year, an analyst said Friday as he raised his price target on the stock.

NEW YORK (AP) -Two analysts downgraded shares of Urban Outfitters Inc. on Friday, saying the clothing retailer's recent strong performance is priced into the stock.

NEW YORK (AP) -Billionaire investor Carl Icahn's feud for control of Yahoo Inc. may push the Internet portal back into the arms of previously spurned Microsoft Corp., an analyst said late Thursday.

NEW YORK (AP) -Shares of Albemarle Corp. slipped in premarket trading Friday after a JPMorgan Securities analyst downgraded the specialty chemicals maker, citing a sharp rise in share price.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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