Updating Symantec Corp., J.C. Penney Co., Supervalue Inc. and Moody’s Corp.

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SYMANTEC CORP. $14 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 839.1 million; Market cap: $11.7 billion; WSSF Rating: Average) has agreed to acquire UK-based MessageLabs for $695 million in cash. MessageLabs offers online software that helps users protect their email and instant messaging services from spam and junk emails. Symantec plans to use MessageLab’s technology to develop other online security products. Symantec holds cash of $2.3 billion or $2.70 a share, so it can easily afford this purchase. Symantec is a buy. J.C. PENNEY CO. $20 (New York symbol JCP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 222.1 million; Market cap: $4.4 billion; WSSF Rating: Average) plans to launch two new lines of women’s clothing by noted fashion designers Allen B. Schwartz and Charlotte Ronson. The company hopes these moderately priced brands will help it lure increasingly cost-conscious shoppers away from high-end boutique clothing shops. J.C. Penney is a buy. SUPERVALU INC. $15 (New York symbol SVU; Conservative Growth…