Stocks To Watch For December 30

Some of the stocks that may grab investor focus today are: AMR Corp

reported that its stock will be dropped from the New York Stock Exchange. AMR filed for bankruptcy protection last month. AMR shares dipped 39.79% to $0.311 in after-hours trading. Fitch Ratings cut the long-term default ratings of Sears Holdings Corp

from B to CCC, after the company announced its plans to close 100 to 120 Kmart and Sears stores. SHLD shares dropped 0.43% to $32.76 in the after-hours trading session. Symmetry Medical Inc

reported that it acquired the surgical instruments unit of Codman & Shurtleff, a Johnson & Johnson company, for $165 million. SMA shares fell 1.60% to $8.00 in after-hours trading. Patterson-UTI Energy Inc

announced its plans to retire around 10% of its drilling rigs in December. PTEN shares rose 0.45% to $20.00 in the after-hours trading session. Alibaba Group

hired Duberstein, the Washington lobbying company to handle a possible bid for Yahoo! Inc

. Alibaba shares gained 3% to close at $1.03 yesterday, while Yahoo shares gained 0.43% to $16.20 in after-hours trading.