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U.S. stock market report 0739 ET 02Nov2009-Nordstrom upgraded to "buy" at Deutsche Bank ------------------------------------------------------------------------------

Deutsche Bank on Monday upgraded Nordstrom Inc to "buy" from "hold," seeing earnings growth at the department store through cost reductions and lean inventory.

The firm raised its price target on the stock to $45 from $36 and forecast same-store sales growth of 8 percent for the company in October.

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Shares of Nordstrom closed Friday at $31.78.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0736 ET 02Nov2009-Chip sales up 20 pct sequentially in Q3: SIA ------------------------------------------------------------------------------

Global sales of semiconductors rose 19.7 percent on a sequential basis in the third quarter, according to the Semiconductor Industry Association.

The sales growth was more than expected, and the SIA forecast upbeat full-year sales.

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0718 ET 02Nov2009-Comcast close to taking over GE's NBC: NYT ------------------------------------------------------------------------------

Comcast Corp and General Electric Co are closer to a deal to give Comcast a 51 percent stake in GE's NBC Universal and a formal announcement may come this week, the New York Times reported, citing people briefed on the talks.

GE, which currently owns 80 percent of NBC Universal, would keep the other 49 percent of its stake and contribute about $12 billion in debt to the new entity, according to the paper.

The paper said GE is likely to eventually sell its ownership interest in NBC Universal over several years.

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Shares of GE, a Dow component, closed Friday at $14.26, while Comcast ended at $14.50.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0713 ET 02Nov2009-Ford shares rally after surprise Q3 profit ------------------------------------------------------------------------------

Shares of Ford Motor Co rallied in premarket trading on Monday after the automaker reported a surprise third-quarter profit.

The company also said it expects to be "solidly profitable" in 2011.

Ford's third-quarter profit came on cost cuts, improved credit results and increased market share, it said.

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The stock gained 6.4 percent to $7.45 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0710 ET 02Nov2009-Raymond James upgrades Domtar to "outperform" ------------------------------------------------------------------------------

Raymond James upgraded Domtar Corp to "outperform" from "market perform" on Monday, expecting the forestry company to benefit from tax programs in the United States and Canada.

The firm also cited Domtar's free cash flow generation.

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U.S.-listed shares of the company closed Friday at $41.89.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0656 ET 02Nov2009-Money managers bullish on market-Barron's ------------------------------------------------------------------------------

A majority of money managers are bullish about the stock market through the middle of 2010, Barron's reported.

"Today's bullish investors see the major stock indexes making steady progress through next June, amid signs the U.S. economy is on the mend after a searing recession," the publication said in its fall survey of money managers.

It said 54 percent of respondents were bullish and 5 percent were very bullish, a sign "the pros regarded the market as severely oversold when the Dow Jones Industrial Average fell to 6547 in early March -- a 12-year low."

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0651 ET 02Nov2009-Crude oil rises on Chinese manufacturing data ------------------------------------------------------------------------------

December crude futures rose on Monday after manufacturing data from China revived expectations that an economic recovery would generate extra fuel demand.

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The contract gained nearly 1 percent to $77.83 per barrel.

Also Monday, a Reuters survey showed OPEC oil supply fell in October because of lower output from Saudi Arabia, Iraq and Nigeria.

The fall in supply was the first since April.

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS

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