JPMorgan, Netgear, Marriott are big market movers

AP News
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Posted: Jul 14, 2011 5:08 PM
JPMorgan, Netgear, Marriott are big market movers

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

ConocoPhilips, up $1.21 at $75.61

The country's third-largest energy company will separate into two publicly traded entities. Its CEO will retire after the split.

JPMorgan Chase & Co., up 73 cents at $40.35

The bank's quarterly profit rose as it cut losses in its credit card portfolio and collected higher investment-banking fees.

Marriott International Inc., down $2.45 at $34.69

The hotel operator's second-quarter profit grew thanks to higher room rates and new properties. But it cut full-year guidance.

Consol Energy Inc., up $2.16 at $50.89

The energy company lifted its coal production forecast for the year after strong production in its mines during the second quarter.

Southern Union Co., up $1.82 at $43.42

Williams Cos. increased its offer for the pipeline company, topping a competing bid from Energy Transfer Equity LP.

Medicis Pharmaceutical Corp., down $1.49 at $38.56

Police found a dead woman, reportedly the girlfriend of the CEO of the dermatology drug developer, at the CEO's California mansion.

Nasdaq

Joy Global, Inc., up 54 cents at $95.41

The mining equipment maker will buy a 41 percent stake of a Chinese coal mining equipment maker for about $585 million.

Netgear Inc., down $2.70 at $40.28

A Barclays analyst cut the networking products maker's rating, saying its stock price already reflects market share gains.