Boeing, BroadSoft, Dynegy, Transatlantic: U.S. Equity Preview

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 8:45 a.m. in New York.

Best Buy Co. (BBY US) dropped 3.3 percent to $24.67. The electronics retailer’s shares may slide if management can’t figure ways to retake market share from online competitors such as Amazon, Barron’s reported in its “The Trader” column.

Boeing Co. (BA) declined 2 percent to $61.50. The airplane maker and the National Labor Relations Board failed to reach an agreement on Boeing’s request to shield documents related to a 787 Dreamliner factory.

BroadSoft Inc. (BSFT) surged 22 percent to $28.85. The maker of telecommunications software forecast earnings in 2011 of at least 90 cents a share, topping the average analyst estimate of 75 cents and higher than the company’s previous estimate of no more than 77 cents.

Dynegy Inc. (DYN) sank 19 percent to $3.97. The third- largest independent U.S. power producer reported a second- quarter net loss of 95 cents a share, wider than the average estimate of a loss of 70 cents a share by two analysts in a Bloomberg survey.

Education Management Corp. (EDMC) : The for-profit education company boosted its buyback program to $325 million from $250 million.

L-3 Communications Holdings Inc. (LLL) lost 1.2 percent to $69.10. Relational Investors LLC cut its stake in the defense contractor that makes surveillance cameras for military aircraft to 3.7 percent from 6 percent.

Mistras Group Inc. (MG) : The provider of testing for the soundness of bridges, oil refineries, wind turbines and other infrastructure may rise to the mid-20’s in 18 months or less as earnings climb, Barron’s reported.

O’Reilly Automotive Inc. (ORLY) : The auto-parts retailer said it increased its share repurchase program by $500 million.

PepsiCo Inc. (PEP US) decreased 1.5 percent to $63.72. The beverage and snack-food maker is undervalued in light of its earnings outlook, potential growth in emerging markets and the possibility of a spinoff, Barron’s reported.

Prudential Financial Inc. (PRU) fell 4.3 percent to $51.66. The insurance company may gain 38 percent or more on its purchase of AIG’s life-insurance business in Japan, which faces growing demand from an aging population, Barron’s reported.

Transatlantic Holdings Inc. (TRH) rallied 11 percent to $50.30. Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) offered about $3.25 billion to buy the reinsurer previously owned by American International Group Inc. (AIG)

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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