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Premarket roundup: Hewlett-Packard, O'Reilly Auto



By AP
20 August 2008 @ 09:09 am EST

Among the premarket stories for Wednesday, Aug. 20, from AP Financial News:

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Quotes
HPQ 34.64 2.81
ORLY 21.96 -0.66
AAP 24.21 -1.57
GD 51.95 3.15

SYMBOL LOOKUP

NEW YORK (AP)--Shares in Hewlett-Packard Co. rose in premarket trading Wednesday as analysts reiterated favorable ratings following a solid quarter boosted by strong laptop sales and a robust international presence.

NEW YORK (AP)--A JPMorgan analyst on Wednesday upgraded O'Reilly Automotive Inc. to "Overweight," citing growing demand for its services, while also cutting his rating for rival company Advance Auto Parts Inc. to "Neutral."

NEW YORK (AP)--Shares of General Dynamics Corp. were set for a higher opening Wednesday as analysts forecast higher profit for the defense contractor next year after its $2.25 billion all-cash acquisition of business jet services company Jet Aviation.

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 This material may not be published, broadcast, rewritten or redistributed.

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