March 22 Some U.S. stocks to watch on Friday:for the Morning News Call newsletter,)
FUTURES ADVANCE AS CONCERNS OVER CYPRUS EASE
U.S. stock index futures gained as a banking deal between
Greece and Cyprus eased some concerns about the island nation as
it tries to avoid a financial meltdown and an exit from the euro
that could roil the euro zone. S&P 500 futures rose 3.6
points, Dow Jones industrial average futures were up 42
points while Nasdaq 100 futures added 7.25 points.
** TIFFANY & CO, Thursday close $67.91, up 3.8 pct
The company said on Friday that worldwide sales would rise 6
to 8 percent this fiscal year, with growth in all regions, and
the upscale jeweler reported a slightly higher profit for the
** GILEAD SCIENCES INC, Thursday close $44.54, up
about 2 pct premarket
The company said the scientific committee of the European
health regulator gave a positive recommendation to its four-drug
combination pill Stribild to treat HIV/AIDS. Stribild is already
approved in the United States, Canada, South Korea and
** APOLLO GLOBAL MANAGEMENT LLC, Thursday close
An Apollo Global Management fund said it would buy Spanish
bank Bankia SA's auto and consumer loan unit, raising the
private equity firm's investment in Spain to more than 1 billion
euros in the last two years.
** ANACOR PHARMACEUTICALS INC, Thursday close
$4.84, up 16 pct premarket
The drugmaker said on Thursday its mid-stage experimental
ointment reduced skin lesions in adolescents with atopic
dermatitis, a chronic skin disorder. Brokerage Wedbush raised
the price target on the drugmaker to $20 from $10 and said the
ointment could rake in $1 billion in annual worldwide sales by
2021. The drug, codenamed AN2728, was tested in 86 patients
between the age of 12 years to 17 years and partially or
completely reduced 66 percent of the lesions.
** VIMPELCOM, Thursday close $11.71
The telecom group has hired has hired UBS to
arrange a sale of its Canadian unit Wind Mobile, with initial
bids seen valuing the firm at between $500 million and $1
billion, Canada's The Globe and Mail newspaper reported.
** APPLE INC, Thursday close $452.73
EU antitrust regulators are looking into possible
anticompetitive issues involving distribution of Apple's iPhone
and its iPad tablets because of what sources said were informal
complaints from several telecoms operators.
** TIBCO SOFTWARE INC, Thursday close $23.17, down
15 pct after market
The business software maker forecast second-quarter results
below analysts' estimates, citing execution challenges in North
America and the UK.
** TECH DATA CORP, Thursday close $49.55, down 9
pct after market
The technology distributor said it would restate its results
for the last three years, blaming vendor accounting practice at
its U.K. subsidiary.
** NIKE INC, Thursday close $53.60, up 8 pct after
The company's profit beat Wall Street's expectations as
margins increased and world-wide future demand for its apparel
and shoes rose.
** MONSTER BEVERAGE CORP, Thursday close $50.35,
down 8 pct after market
The company's shares fell in extended trade, after new
research indicated that energy drinks may increase blood
pressure and disturb the heart's rhythm. The research, which
analyzed seven previously published studies and was presented at
an American Heart Association meeting, found an increase of 3.5
points in systolic blood pressure for those consuming energy
** MICRON TECHNOLOGY, Thursday close $9.07, up 4.2
pct after market
The chipmaker posted a quarterly net loss on Thursday but
said the outlook for memory chip prices is improving. Following
an industry slump in memory chip prices last year, Micron
President Mark Adams said on Thursday that prices for DRAM and
NAND memory chips are rising.
** ARBOR REALTY TRUST INC, Thursday close $8.23,
down 4 pct after market
The multi-family and commercial real estate investment trust
said it has commenced a public offering of 5.6 million shares.
** SALESFORCE.COM INC, Thursday close $172.73, up
2.2 pct after market
The company said on Thursday its board of directors had
approved a 4-for-1 stock split as its shares continued an almost
unbroken four-year ascent.
** ZYNGA INC, Thursday close $3.35
The online game publisher relaunched its website on
Thursday, allowing users to play its games without first signing
on to Facebook, a significant step toward establishing its
independence from Facebook Inc.
** AMERICAN REALTY CAPITAL PROPERTIES INC, Thursday
The company said on Thursday that it was "surprised but
disappointed" that Cole Credit Property Trust III Inc had
rejected its $5.7 billion buyout offer, but said it remains
committed to the offer.
** RUE21 INC, Thursday close $28.46
The specialty apparel retailer forecast first-quarter profit
below market estimates, despite reporting strong fourth-quarter
** BOMBARDIER INC, Thursday close $84.33
Canada's Bombardier Inc said revenue could nearly double
over the next five years, boosted by its new fleet of business
and commercial aircraft, and that it planned to plow some of the
cash into bigger dividend payments.
** WAUSAU PAPER CORP, Thursday close $10.31
The company said it intends to sell its specialty paper
business to funds controlled by private equity firm KPS Capital
Partners LP for about $130 million in cash, following pressure
from activist investor Starboard Value LP.
** PEPSICO INC, Thursday close $76.15
** MONDELEZ INTERNATIONAL INC, Thursday close
U.S. activist shareholder Nelson Peltz has been building up
stakes in PepsiCo and Oreo maker Mondelez in recent weeks,
Britain's Daily Telegraph reported on Friday, citing sources
familiar with the matter.
** DARDEN RESTAURANTS INC, Thursday close $48.96
The company's quarterly results were largely in line with
analysts' recently lowered estimates as the U.S. payroll tax
hike and higher gasoline prices kept diners away from its Olive
Garden and Red Lobster chains.