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Stock alert : Large Cap Stock Movers (MGM, SNDK, AIG, HIG, JBLU, SIRI)

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(EMAILWIRE.COM, June 15, 2010 ) Dallas, Tx - MGM MIRAGE (NYSE:MGM) climbed 3% to $11.985 following the stock was upgraded by Soleil Securities to Hold from Sell. The firm also raised the price target per share by $1.90 to $13.

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Over the past one month, the stock has largely unperformed its industry peers , compared to Las Vegas Sands Corp. (NYSE:LVS) (rose 0.20%) and Wynn Resorts, Limited (NASDAQ:WYNN) (fell 9%).
Soleil cited that it no longer considers MGM as "overvalued given signs of stabilization in Vegas, evidence of a convention recovery and progress on debt maturities."

SanDisk Corporation (NASDAQ:SNDK) was leading the Semiconductor Index and soared 6.20% to $47.36 and made a new 52-week high of $48.25 following a weekend report by Barron's, which said that the share price of the memory chip supplier could gain about 17%, citing that the flash memory sales for Apple Inc.'s iPad and other mobile devices expand.
So far in the year 2010, the stock has outperformed the broader market significantly and soared 62%, compared to a fall of 3% in S&P 500.

American International Group, Inc. (NYSE:AIG) was another big gainer and jumped 5.73% to $37.09 with over 11.27 million shares reacting to positive comments made by one analyst that the stock may be getting a boost from optimism the bailed-out insurer would be able to monetize its Asian life unit and pay back taxpayers.

A $4 billion bid by Resolution (RSL.L) to buy AXA's (AXAF.PA) British life insurance arm creates a sense that insurance deals are still hot, said Aite Group senior analyst Clark Troy.

Hartford Financial Services (NYSE:HIG) rose 4.71% to $25.14 after Bank of America Merrill Lynch upgraded the stock to "buy" from "neutral", citing stock's valuation already reflects challenges to the life insurance business.
The Hartford Financial Services Group, Inc. serves as an insurance and financial services company and provides investment products, individual life, group life and group disability insurance products, and property and casualty insurance products in the United States.

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JetBlue Airways Corporation (NASDAQ:JBLU) rose 2% to $6.63 after climbing to its 52-week high of $6.95 following Hudson Securities upped the company's rating to Neutral from Sell, citing the pilot strike at company's rival Spirit Airlines. "Revenues captured from Spirit flying could provide modest upside," analyst Daniel McKenzie said.
The median Wall Street price target on the stock is $7 and the high target is set at $10 with majority of analysts have a Hold rating on the company's stock. The stock is trading above both the 50- Day Moving Average and 200-Day Moving Average prices are $5.97 and $5.65 respectively.

Sirius XM Radio Inc. (NASDAQ:SIRI) was among the most active stocks and slid 1.23% to $0.998 after rising as much as 5% earlier in the session. The earlier The gains followed as the company's stock was included on the preliminary additions and deletions for the Russell 3000 and Russell Global index as part of their annual reconstitutions.

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