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.
** SUNTECH POWER HOLDINGS CO LTD, Tuesday close
$0.62, up 10 pct premarket
The Chinese solar panel maker said its main operating unit
in Europe had been granted a provisional two-month moratorium on
** AEROPOSTALE INC, Tuesday close $13.26, down 5.75
Brokerage Goldman Sachs downgraded the teen-apparel
retailer's stock to "sell" from "neutral," saying Aeropostale's
path to turnaround looks challenging. "A shift in the
competitive landscape has left the business facing challenges,
and we see downside risk to shares," analyst Lindsay Drucker
Mann wrote in a note.
** FAMILY DOLLAR STORES INC, Tuesday close $59.80,
down 5 pct premarket
** DOLLAR TREE INC, Tuesday close $45.99, down 1
** DOLLAR GENERAL CORP, Tuesday close $49.85, down
1.1 pct premarket
Family Dollar reported a weaker-than-expected quarterly
profit on Wednesday, blaming a delay in tax refunds for hurting
sales at the end of January and early February. The discount
retailer also forecast full-year profit below Wall Street
** HEALTH MANAGEMENT ASSOCIATES INC, Tuesday close
$12.59, down 12 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.
** TITAN MACHINERY INC, Tuesday close $26.11, down
12 percent premarket
The farm equipment maker posted fourth-quarter earnings way
below analysts' estimates and the company forecast weak profit
for fiscal year 2014, citing operational inefficiencies in its
construction equipment business.
** 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.
** CONSTELLATION BRANDS INC, Tuesday close $48.63,
up 1 pct premarket
The world's largest branded wine maker reported a
higher-than-expected quarterly profit on Wednesday, as sales
benefited from an acquisition and selling a greater number of
more expensive products.
** 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.
** MSC INDUSTRIAL DIRECT CO, Tuesday close $83.18
The industrial distributor forecast weak third-quarter sales
and profit due to weakness in its heavy industrial end markets,
particularly the metalworking-related sectors.
** FASTENAL CO, Tuesday close $50.88, down 3
The industrial distributor reported quarterly revenue below
analysts' estimates due to slowing growth in its manufacturing
and non-residential construction markets.
** JINKOSOLAR HOLDING CO LTD, Tuesday close $5.80,
down 3 pct premarket
The Chinese solar company reported its sixth straight
quarterly loss due to a continued sharp decline in solar panel
** 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 , Tuesday close $1.77, up 8
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,
** RESOURCE CAPITAL CORP, Tuesday close $6.53, down
4 percent premarket
The real estate finance company said it has commenced a
public offering of 16.3 million shares. The Company intends to
use the proceeds from the offering for general corporate
** 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.
** ACTIONS SEMICONDUCTOR CO LTD, Tuesday close
$2.64, up 10 pct aftermarket
The Chinese company, which makes chips for consumer
electronic products, raised its revenue forecast for the first
quarter mainly driven by stronger-than-expected sales of its
newest tablet product. It now expects revenue of $16
million-$16.5 million, up from $12 million-$13 million.
** 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.