April 10 Some U.S. stocks to watch on Wednesday:
FUTURES RISE, CHINA DATA SETS POSITIVE TONE
U.S. stock index futures rose, with Wall Street set to
extend gains a day after hitting fresh record highs, buoyed by
encouraging data from China that bode well for recovery in the
world's second-largest economy.
S&P 500 futures were up 5 points, Dow Jones
industrial average futures gained 43 points, and Nasdaq
100 futures were up 11 points.
** FACEBOOK INC, Tuesday close $26.59, up 2 pct
** GENERAL MOTORS CO, Tuesday close $27.53
General Motors is running ads for a Chevrolet car on mobile
versions of Facebook, the automaker's first ads on the social
network since publicly announcing its decision to stop
advertising on Facebook nearly a year ago.
** THERMO FISHER SCIENTIFIC INC, Tuesday close
** LIFE TECHNOLOGIES CORP, Tuesday close $66.19
Thermo Fisher made a binding offer for Life Technologies on
Tuesday as private equity firms raced to finalize a consortium
to take the genetic testing equipment maker private, several
people familiar with the matter said.
Thermo Fisher is bidding more than $65 per each Life Tech
share, two of the people said. While the exact price could not
be learned, Thermo had been considering a bid of $65 to $70 per
share, sources said last week.
** HEALTH MANAGEMENT ASSOCIATES INC, Tuesday close
$12.59, down 13 pct premarket
The hospital operator on Tuesday cut its outlook for 2013
earnings and revenue, citing weak patient admissions in the
first quarter of the year. HMA said patient volumes were weaker
than anticipated in the first quarter, which is typically its
busiest, but the company had already put in place contracts for
seasonal nursing labor.
** REALOGY HOLDINGS CORP, Tuesday close $44.80,
down 8 pct aftermarket
The real estate brokerage estimated a net loss of $69
million to $78 million and net revenue of $950 million to $960
million for the first quarter ended March 31. Analysts on
average were expecting a loss of 42 cents per share on revenue
of $988.1 million, according to Thomson Reuters I/B/E/S.
The company, which went public in October, also said funds
associated with Apollo Global Management LLC would offer
35 million common shares.
** BIOLINERX , $1.91, up 8 pct premarket
The biopharmaceutical company said it has received all
regulatory approvals required to begin a mid-stage study on its
compound BL-8040 to treat acute myeloid leukemia, a type of
blood cancer. The study is expected to be conducted in the
United States and Israel, and will enroll up to 50 patients,
** W.R. GRACE, Tuesday close $75.95
Chemicals maker W.R. Grace & Co estimated quarterly
earnings below analysts' expectations and lowered full-year
profit forecast after some customers reduced their inventory and
some others delayed purchases.
** LOCKHEED MARTIN CORP, Tuesday close $95.41
Defense Secretary Chuck Hagel has told his German and
Italian counterparts the Pentagon plans to spend about $310
million to help fund the final year of development of Lockheed
Martin's MEADS missile defense system, a spokeswoman
said on Tuesday.
** GOLDMAN SACHS GROUP INC, Tuesday close $146.52
** PRUDENTIAL FINANCIAL INC, Tuesday close $56.44
Goldman Sachs must face a lawsuit in which Prudential
Financial accused the Wall Street bank of defrauding it into
buying more than $375 million of residential mortgage-backed
securities it knew were unsafe.
** DRAGONWAVE INC , Tuesday close $1.55
The telecom network equipment maker said it cut 33 percent
of its senior management jobs and amended its deal with Nokia
Siemens Networks to reduce operating costs.
** SYNERGY PHARMACEUTICALS INC, Tuesday close
$7.24, down 9 pct aftermarket
The drug developer on Tuesday said it would sell $90 million
of its common stock in an underwritten public offering.
**PRICESMART INC, Tuesday close $80.21, up 3 pct
The warehouse club operator's second-quarter results came in
above Wall Street estimates, boosted by a 10 percent jump in
warehouse club sales.
** CONSTELLATION BRANDS INC, Tuesday close $48.63
The company reports quarterly earnings, one of several
consumer-focused companies posting results. Wall Street is
expecting profit to fall and will want to hear the company's
view on negotiations with U.S. regulators over Anheuser Busch
InBev's proposed takeover of Grupo Modelo.
** FAMILY DOLLAR STORES INC, Tuesday close $59.80
The discount chain posted a higher quarterly profit, as
sales from newly added items such as cigarettes and Pepsi drove
** HERBALIFE LTD, Tuesday close $36.95
** SKECHERS USA INC, Tuesday close $21.91
In a blow to one of the world's largest accounting firms,
KPMG said it resigned as auditor of nutritional
products group Herbalife and footwear maker Skechers amid an FBI
investigation into insider trading allegations involving leaked
information and a former senior partner.
The two California-based companies - nutritional products
group Herbalife and footwear maker Skechers - said separately on
Tuesday that KPMG had quit as their auditor in connection with
** SEACHANGE INTERNATIONAL, Tuesday close $11.41,
down 6 pct aftermarket
The video management software maker forecast weak
first-quarter earnings after fourth-quarter revenue missed Wall
Street expectations, hurt by a slight drop in service revenues.
** GOOGLE INC, Tuesday close $777.65
** AT&T INC, Tuesday close $37.76
Google said on Tuesday it plans to bring its ultra
high-speed Internet and television service to Austin, Texas,
next year, prompting AT&T to reveal its own plans to follow suit
- if it gets the same terms from local authorities.
** UNITEDHEALTH GROUP, Tuesday close $62.18
A Nevada jury awarded $500 million in punitive damages in a
closely watched case against two affiliates of UnitedHealth
stemming from a hepatitis C outbreak in the state, according to
a spokeswoman for a law firm in the case.