SAN FRANCISCO (MarketWatch) -- Shares of the following companies made notable moves in the U.S. stock market Monday:
Advanced Micro Devices /zigman2/quotes/208144392/composite AMD +1.90% rose 12%, pacing chip share gains after a Wachovia analyst upgraded his rating on semiconductors, saying he sees sales declines bottoming by the end of the March quarter.
Borders Group surged 29% after the retail book seller announced several management changes to help steer the book retailer's turnaround. The company named private-equity executive Ron Marshall as chief executive officer. Marshall, who comes from Wildridge Capital Management, replaces George Jones.
Energy stocks: Peabody Energy Corp. /zigman2/quotes/203600175/composite BTU +5.61% added 7.1%, Consol Energy Inc. /zigman2/quotes/208647486/composite CNX +3.84% rose 8.3% and Pioneer Natural Resources /zigman2/quotes/206736173/composite PXD +10.89% was up 7.7% amid broad sector gains. Oil futures rose for a third consecutive session due to concern that rising tension in the Middle East, Russia and Nigeria could have a potential impact on supplies. See Futures Movers for more on crude oil.
Freeport-McMoRan Copper & Gold Inc. /zigman2/quotes/200215692/composite FCX +1.27% was up 5.5%, bucking the trend of broadly lower metals stocks as futures prices dipped. Japanese smelter Mitsubishi Materials Corp. /zigman2/quotes/201126350/delayed JP:5711 -2.48% reportedly settled a deal for 2009 copper treatment and refining charges with Freeport-McMoRan.
Leap Wireless International Inc. gained 8.2% after an upgrade from the brokerage Wachovia. The firm believes the discount mobile phone company could benefit as consumers seek out cheaper wireless services to save money in the recession.
Monaco Coach Corp. shares rose 13% after the maker of recreational vehicles retained Imperial Capital to evaluate strategic alternatives, including a possible joint venture or merger. The company said it will focus on improving liquidity and maintaining its balance sheet. It added it has also retained Avondale Partners and BMO Capital Markets to consider options for its Signature Motorhome and specialty-trailer divisions.
Qimonda AG shares leaped 24%. The German-based supplier of memory-chip products is taking steps to meet the New York Stock Exchange's market-capitalization standard and increase the price of its American depositary shares to above $1 as part of its effort to remain a listed stock.
Questar Corp. gained 6.8%. Barron's called the oil and gas company a "compelling play" in its Jan. 5 issue.
Teradyne /zigman2/quotes/208321188/composite TER +2.47% shares jumped 11% after Barclays raised its rating to overweight from equal weight, saying the chip test-equipment maker should see an earlier recovery driven by unit-leveraged system-on-a-chip spending and acquisition-fueled growth.
Wynn Resorts Ltd. /zigman2/quotes/208845907/composite WYNN -2.46% added 10% after Deutsche Bank analyst Bill Lerner reportedly said Las Vegas casino and hotel operators held up well over the New Year holiday.
ConMed /zigman2/quotes/208421017/composite CNMD +3.46% shares tumbled 30%. It lowered its fourth-quarter and 2009 outlook on lower-than-expected sales volume for equipment as hospital customers delayed and cut orders and a stronger dollar cut into international sales.
Daimler AG gave up 6.8%. It said that U.S. December sales fell 24% to 20,848 vehicles on poor Mercedes-Benz sales. Mercedes U.S. December sales dropped 32% to 18,507 vehicles. Other automakers were mixed on a day heavy with sales data reports. Read more on auto data.
Digi International /zigman2/quotes/203836067/composite DGII +3.78% shares tumbled 20%. Digi lowered its fiscal first-quarter sales outlook and its 2009 earnings and revenue forecasts as demand rapidly deteriorated across all regions and product lines in the last half of the quarter. The networking product maker's earnings have declined for four of the past five quarters.
InterecontinentalExchange Inc. /zigman2/quotes/209108507/composite ICE +2.31% slipped 14% after some Wall Street analysts cut their profit outlooks for the company following the release of its December trading volume data.
J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM +3.73% lost 6.7% and Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC +2.45% shed 6.5%, leading declines among the 16 major banks on which Deutsche Bank cut its profit estimates.
Saks Inc. lost 13% ahead of December sales results due Thursday. Analysts polled by Thomson Reuters expect Saks will report December same-store sales -- or sales at its stores open at least one year -- fell 11% from the same month last year.
Synovus Financial Corp. /zigman2/quotes/209053698/composite SNV -2.90% shares lost 12% after the financial-services-holding company corrected its estimated fourth-quarter provision for possible loan losses Saturday, pegging the figure at $350 million, with a charge-off proportion of 3.2%. The firm, which has more than $34 billion in assets, had said that the provision would total about $250 million with a charge-off proportion of 2.2%.
Tyson Foods Inc. /zigman2/quotes/201117502/composite TSN -2.15% fell 12% after the company said Monday that Chief Executive Dick Bond has stepped down from his post at the big meats producer against the backdrop of turmoil in the poultry industry. See full story on Tyson foods CEO.
Verizon Communications /zigman2/quotes/204980236/composite VZ +4.40% shed 7.4%. Craig Moffett, the influential analyst at Bernstein Research, cut his rating on the phone company to underperform from market perform.