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Sept. 9 Some U.S. stocks to watch on Monday:
FUTURES RISE AFTER CHINA DATA; SYRIA CONCERNS REMAIN
U.S. stock index futures advanced in the wake of upbeat
economic data from China, though concerns remained about a
potential strike against Syria. S&P 500 futures rose 3.3
points and were above fair value, a formula that evaluates
pricing by taking into account interest rates, dividends and
time to expiration on the contract. Dow Jones industrial average
futures gained 32 points, and Nasdaq 100 futures
added 14 points.
** APPLE INC, Friday close $498.22, up 1.2 pct
Brokerage FBN Securities raised its price target on the
company's stock to $600 from $575 in anticipation of Apple
making an announcement of its iPhone 5S and iPhone 5C on
Tuesday. The brokerage said it expected the phones to start
shipping on Sept. 20. FBN sees the iPhone 5C as an opportunity
for Apple to be successful in China.
** UNILIFE CORP, Friday close $3.07, up 25 pct
The medical device maker said it entered into a long-term
contract to supply pre-filled syringes to Sanofi SA
for use with Sanofi's thrombosis drug, Lovenox.
In addition to future revenue from the sale of the syringes,
Unilife may receive up to $15 million from Sanofi in milestone
payments, with $5 million expected in 2013. The contract period
can extend up to 2024.
** ONCOLYTICS BIOTECH INC, Friday close $2.65, up
17 pct premarket
The company said its cancer drug, Reolysin, reduced the size
of tumors in 92 percent of lung cancer patients in a mid-stage
** BIODEL INC, Friday close $5.03, up 12 pct
The pharmaceutical company said on Sunday that preliminary
data showed its fast-acting regular human insulin BIOD-123 met
its goal in a mid-stage trial.
** ISIS PHARMACEUTICALS INC, Friday close $27.92,
up 7 pct premarket
Biogen Idec Inc has agreed to pay another $100
million upfront to the drugmaker as a part of a broad
collaboration to develop new medicines for neurological
disorders, the companies said.
** DELTA AIRLINES, Friday close $19.89, up 5 pct
The U.S. airline will join the S&P 500 index after the close
of trading on Sept. 10, replacing BMC Software, Standard
& Poor's said on Friday.
** BLACKBERRY LTD, Friday close $10.84, up 4.3 pct
The company's largest shareholder, Prem Watsa, has assembled
billions in backing from Canada's biggest pension funds for a
bid, The Sunday Times reported on Sunday. (link.reuters.com/caz82v)
Watsa is the founder and chairman of Fairfax Financial
Holdings Ltd that holds about 10 percent stake in the company.
** SMITHFIELD FOODS INC, Friday close $33.92, up 2
pct after market
The U.S. Committee on Foreign Investment has cleared the way
for Shuanghui International Holdings Ltd's proposed $4.7 billion
acquisition of Smithfield Foods, the companies
** NETAPP INC, Friday close $42.24, up 2.8 pct
Brokerage UBS Investment Research raised its rating on the
data storage equipment maker's stock to "buy" from "neutral,"
according to the website Theflyonthewall.com.
** JOHNSON & JOHNSON, Friday close $87.16, up 1 pct
The company has launched a sale process for its Ortho
Clinical Diagnostics unit, which makes blood screening equipment
and laboratory blood tests and could fetch around $5 billion.
J&J has asked JPMorgan Chase & Co to run the sale and is
preparing to send detailed financial information in coming weeks
to potential buyers.
** VODAFONE PLC, Friday close $32.89
The company may fail to reach the 75 percent threshold of
acceptances from shareholders needed to clinch Germany's largest
cable operator Kabel Deutschland, the Financial Times
said. Vodafone agreed a 7.7 billion euro ($10.13 billion) offer
for Kabel Deutschland in June, a near 40 percent premium to
Kabel's share price before its interest first emerged.
** SONY CORP, Friday close $21.02, down 2 pct after
The electronics maker announced the Japanese release of its
PlayStation 4 on Monday as the company braces for a gaming
console war with Microsoft Corp that could make or
break the Japanese firm's struggle to return to profit.
** GLAXOSMITHKLINE PLC, Friday close $51.67
Japan's Suntory Beverage & Food Ltd is to buy
GlaxoSmithKline's Lucozade and Ribena brands for 1.35 billion
pounds ($2.11 billion) to expand into new markets.
** GOOGLE INC, Friday close $879.58
The U.S. government tapped into computer networks of
companies including Google and Brazilian state-run oil firm
Petroleo Brasileiro SA, according to leaked U.S.
documents aired by Globo, Brazil's biggest television network.
** TIME WARNER INC, Friday close $61.45
The entertainment company is planning to transfer its U.S.
retirees from company-sponsored health plans and move them to
private insurance exchanges. According to an August memo
obtained by Reuters, the media company will make allocations to
a Health Reimbursement Arrangement account for retirees to use
towards the purchase of coverage on an exchange. Previously,
Time Warner provided an indirect subsidy through a supplementary
(Compiled by Varun Aggarwal; Editing by Kirti Pandey)