MARKET PULSE- Pandora, Lockheed Martin, JP Morgan, Aeropostale
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)
Sept 17 (Reuters) - Some U.S. stocks to watch on Tuesday:
** KYTHERA BIOPHARMACEUTICALS INC, Monday close $33.53, up 19.4 pct after market
The maker of aesthetic medicines on Monday said its ATX-101 experimental injectable drug met the main and secondary goals of a clinical study testing the product's safety and efficacy in reducing double chin. Over 1,000 patients from the United States and Canada were enrolled in two late-stage studies for evaluating the drug against a placebo, Kythera said.
** OUTERWALL INC, Monday close $55.97, down 20 pct after market
The operator of the Redbox video rental kiosks slashed its third-quarter and full-year earnings forecast as average transaction size fell below its expectations due to higher discounts, sending its shares down 20 percent.
** PANDORA MEDIA INC, Monday close $23.99, down 4.5 pct after market
The internet radio company warned on Monday that its business is slowing and proposed a follow-on offering of 10 million shares for capital expenditures, according to a regulatory filing.
** NOKIA , Monday close $6.24, down 1 pct premarket
Nokia has delayed the launch of a large-screen "phablet" device, originally planned for late September, following a deal to sell its handset business and license patents to Microsoft , a source said on Monday.
** AEROPOSTALE INC, Monday close $8.61, up 7 pct premarket
Sycamore Partners reported a 7.96 percent holding in the teen apparel retailer as of Sept. 9. (r.reuters.com/far23v)
** BIOCRYST PHARMACEUTICALS INC, Monday close $6.52, up 3.5 pct premarket
The pharmaceutical company said National Institute of Allergy and Infectious Diseases granted it an initial $5 million in funding to support the development of its experimental drug to treat Marburg virus disease. Total funding could reach up to $22 million over five years, the company said.
The Marburg virus disease is a rare, often fatal type of hemorrhagic fever native to Africa, for which no drug has been approved.
** INVESCO MORTGAGE CAPITAL INC, Monday close $16.01, down 2 pct after market
The REIT declared a dividend of 48 cents on its 7.75 percent Series A preferred stock for the third quarter.
** MOSAIC CO, Monday close $45.59, down 2 pct after market
** POTASH CORP, Monday close $33, down 2 pct after market
** AGRIUM INC, Monday close $91.86 down 1 pct after market
Mosaic, a U.S. fertilizer company, cut its third-quarter outlook for the price and sales volume of potash and phosphate on Monday, saying crop nutrient markets had softened in the wake of the breakup of the Belarusian Potash Company.
The breakup of BPC in July and the decision by the main player Uralkali OAO to pursue a volume-first strategy weakened potash prices and caused some buyers to delay new purchases because of uncertainty. BPC was one of the world's two biggest potash trading companies, along with North America's Canpotex Ltd - owned by Mosaic, Potash Corp of Saskatchewan Inc and Agrium Inc.
** CLEAN ENERGY FUELS CORP, Monday close $12.43, up 2 pct aftermarket
Chief Executive Andrew Littlefair notified the U.S. regulators on Monday that he had bought 127,000 Clean Energy shares at $12.69 per share.
** BROADCOM CORP, Monday close $26.91, up 1.5 pct premarket
Brokerage Susquehanna raised its rating on the chipmaker's stock to "positive" from "neutral" and its price target to $35 from $33, citing a pickup in telecom spending and product cycle ramps at key mobile customers such as Apple Inc and Samsung Electronics Co Ltd.
** ALPHATEC HOLDINGS INC, Monday close $1.96
The medical device maker said its French affiliate Scient'x S.A.S would lay off about 76 employees and reduce annual operating expenses by $2 million-$6 million. Alphatec will also amended its credit facility with MidCap Financial to have access to up to an aggregate maximum amount of $73 million.
** LOCKHEED MARTIN CORP, Monday close $128.46
The Netherlands will purchase 37 F-35 Joint Strike Fighter planes, two sources with knowledge of the matter told Reuters on Tuesday, a decision that should end years of political wrangling over ballooning costs and delays. The decision is a boost for Lockheed Martin and Washington, which had urged the Netherlands in April not to turn to other suppliers because of fears of rising costs in a project that has been blighted by technical faults and delays.
** JPMORGAN CHASE & CO, Monday close $53.14
The financial services company is close to settling civil law investigations into its London Whale derivatives loss and expects to pay about $700 million, according to a source familiar with the matter. (Compiled by Varun Aggarwal)