Stocks Jump On Value Buying, J.P. Morgan Lags (JPM, RDN, LOW, VELT, RENN, AAPL, QCOM)

U.S. stocks rebounded slightly in early trade on Monday after posting their worst weekly loss in the past week.
The Dow Jones Industrial Average added 93.09 (0.75%) to 12,462.47, and the Standard & Poor's 500-stock index fell 13.45 (1.04%) at 1,308.67. The Nasdaq Composite lost 40.35 (1.45%) at 2,819.14.

J.P. Morgan Chase & Co. is the hardest stock on the DOW and slumped 2.30% after the bank’s CEO Jamie Dimon told a conference in New York that the blue-chip bank would suspend its share-repurchase program but not its dividend in the wake of a trading loss that’s amounted to more than $2 billion to date.
Radian Group Inc.(NYSE:RDN) stock surged 14.85% to $2.32 in the morning hour. Clinton Group, Inc. ("Clinton") today announced that it has sent a letter to the Board of Directors of Radian Group, urging the Company to release detailed information about its legacy mortgage insurance and financial guarantee books or, in the alternative, to provide such information to private equity firms and strategic buyers in order to elicit a bid for the Company.
Lowe's Companies, Inc. (NYSE:LOW) shares declined 9.90% to $25.66 in the morning hour after the company posted first-quarter net earnings of $527 million or $0.43 per share from $461 million or $0.34 per share last year. Sales climbed 7.9% to $13.15 billion. Analysts expected earnings per share of $0.42 on revenues of $12.99 billion for the quarter.
Velti Plc (NASDAQ:VELT) shares fell 0.30% to $6.74 in the early hour.  The company is scheduled to announced a call to discuss key financial metrics May 22, 2012 at 4:30pm Eastern. The call will also be available via live webcast athttp://investors.velti.com/events.cfm and a replay of the call will be available until June 5, 2012. Velti is a leading global provider of mobile marketing and advertising technology and solutions that enable brands, advertising agencies, mobile operators and media to implement highly targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices.
Renren Inc (NYSE:RENN) stock declined 5.88% to $4.64 in the morning hour. The company declined the most on record as Facebook Inc. (FB)’s initial public offering failed to boost investors’ confidence in the Chinese social networking website that won’t turn a profit until late 2013. Analysts are expecting Renren to keep losing money until the third quarter of next year. The company said in a statement on May 14 that it expects second- quarter revenue of $41 million to $43 million, less than the $46 million forecast by analysts.
Apple Inc. (NASDAQ:AAPL) shares climbed 2.94% to $545.95 in the early hour.  A Morgan Stanley (NYSE:MS) analyst has come out with a new projection of sales of Apple’s devices taking into account the firm’s rumored full television product. The research suggests that a television could double household spending on Apple product in the United States. The company currently sold $440 worth of product to US households in 2011.
Also, Piper's Gene Munster declares there's an 80% chance Apple will hit his sales forecasts for the next-gen iPhone, in spite of Qualcomm’s 28nm chip supply issues. In typical form, Munster adds the next iPhone will trigger the biggest "upgrade cycle in smartphone history." Meanwhile, Jefferies' Peter Misek predicts Apple will lower the unsubsidized price of the iPhone 3GS to $250-$300, to help it better compete with Android in emerging markets.