Bloomberg News

Cabot, JDA Software, JPMorgan Chase: U.S. Equity Preview

By Inyoung Hwang
May 11, 2012

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 4:40 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in June fell 0.6 percent to 1,350.

Cabot Corp. (CBT) : The board of directors at the maker of carbon black used in rubber tires boosted its quarterly dividend to 20 cents a share from 18 cents.

JDA Software Group Inc. (JDAS) : The maker of software used to track goods sent to retailers’ shelves filed to delay its 10-Q report. The Scottsdale, Arizona-based company said it is still addressing matters on a prior Securities and Exchange Commission probe and sees recording miscellaneous adjustments.

JPMorgan Chase & Co. (JPM) fell 0.8 percent to $36.68 after losing 9.3 percent in the regular trading session. The largest and most profitable U.S. bank had its credit grade lowered one level by Fitch Ratings after disclosing a $2 billion trading loss. The lender’s long-term issuer default rating was cut to A+ from AA-, and the short-term grade was lowered to F1 from F1+.

NRG Energy Inc. (NRG) : Moody’s Corp. revised the Princeton, New Jersey-based power producer’s rating outlook to negative from stable.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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