Fairchild, Hecla, JPMorgan, Silver Wheaton: U.S. Equity Movers

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses. Stock symbols are in parentheses, and prices are as of 9:42 a.m. in New York.

Silver mining companies gained as futures of the metal rose to a two-month high.

First Majestic Silver Corp. (AG) climbed 4.8 percent to $22.98. Hecla Mining Co. (HL) advanced 1.9 percent to $8.52. Silver Wheaton Corp. (SLW) gained 2.2 percent to $39.14.

ConocoPhillips (COP) climbed 7 percent to $79.57. The U.S. oil company said it would spin off its refining and marketing arm into a new business, following Marathon Oil Corp. in splitting itself up to increase returns for investors.

Consol Energy Inc. (CNX) gained 4.3 percent to $50.83. The coal producer boosted its guidance for the year to as much as 63 million tons from earlier forecasts for up to 62 million tons.

Fairchild Semiconductor International Inc. (FCS) rose 4.6 percent to $16.88. The San Jose, California-based chipmaker said it earned 41 cents a share excluding some items in the second quarter, beating the average analyst estimate by 3 percent, Bloomberg data show.

Hartford Financial Services Group Inc. (HIG) dropped 1.6 percent to $25.20. The seller of life insurance and property- casualty coverage said second-quarter net income plunged on catastrophe claims and the cost of asbestos liabilities.

JPMorgan Chase & Co. (JPM) gained 3.3 percent to $40.90. The second-biggest U.S. bank by assets said net income rose 13 percent as more borrowers paid on time and the bank reduced credit-card loan-loss reserves by $1 billion. JPMorgan posted second-quarter profit of $1.27 excluding some items, above the average analyst estimate of $1.21 in a Bloomberg survey.

Marriott International Inc. (MAR US) dropped 5.4 percent to $35.12. The largest publicly traded U.S. hotel chain said third- quarter earnings won’t be higher than 29 cents a share, falling short of the 30-cent average analyst projection.

Molycorp Inc. (MCP) declined 2.5 percent to $52.95. The owner of the largest rare-earth deposits outside China dropped after the country, the biggest supplier of rare earths, almost doubled its export quota for the second half less than two weeks after the World Trade Organization found that its limits on raw- material shipments broke global rules.

Progressive Corp. (PGR) fell 1.2 percent to $20.68. The fourth-largest U.S. auto insurer said profit for the quarter was 38 cents a share excluding some items, missing the average estimate of 40 cents a share from 19 analysts in a Bloomberg survey.

Southern Union Co. (SUG) rose 4.6 percent to $43.52. Williams Cos. (WMB US) increased its unsolicited offer for the Houston-based natural gas pipeline operator to $44 a share, or $5.49 billion, in an attempt to outbid Energy Transfer Equity LP (ETE) .

Universal Forest Products Inc. (UFPI) rallied 11 percent to $26.76. The maker of do-it-yourself lumber products reported second-quarter profit excluding some items that was more than double the average analyst estimate, according to Bloomberg data.

Williams-Sonoma Inc. (WSM) rose 2.7 percent to $39. The gourmet-cookware retailer was raised to “conviction buy” from “neutral” at Goldman Sachs Group Inc.

Yum! Brands Inc. (YUM US) gained 2 percent to $56.72. The owner of the KFC and Pizza Hut restaurant chains, said second- quarter profit gained 10 percent and boosted its earnings forecast for the year as customer traffic increased at restaurants in China.

To contact the reporter on this story: Cecile Vannucci in New York at cvannucci1@bloomberg.net

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

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