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U.S. stocks rose on Tuesday as inflation data was seen keeping
the Federal Reserve in an equities-friendly tone, while hopes
rose for an easing of tensions in Ukraine. The Dow Jones
industrial average was up 0.42 percent at 17,122.56, the
S&P 500 was up 0.56 percent at 1,984.77 and the Nasdaq
Composite was up 0.84 percent at 4,461.91.
** CHIPOTLE MEXICAN GRILL INC, $665.45, +12.80 pct
One of the top-performing U.S. restaurant operators on
Monday reported a nearly 26 percent jump in quarterly profit
after traffic to the burrito chain surged despite a menu price
Deutsche Bank, UBS, Barclays and nine other brokerages
raised their price targets on stock.
The stock was the top percentage gainer in morning trading
on the new York Stock Exchange on Tuesday.
** HERBALIFE LTD, $57.98, +7.33 pct
Herbalife shares rallied on Tuesday in heavy volume,
although they only recovered about half of Monday's steep
decline. The move came as Bill Ackman, chief executive of
Pershing Square Capital Management and a vocal short against the
company, gave a presentation that described it as a pyramid
** WOODWARD INC, $55.35, +14.98 pct
The aerospace materials and parts supplier reported
better-than-expected profit and revenue on Monday.
Brokerage Stifel Nicolaus raised its price target on the
company's stock to $60 from $55.
** MCDONALD'S CORP, $95.963, -1.63 pct
The fast-food chain reported a lower-than-expected quarterly
profit as comparable sales in its struggling U.S. business fell
for the third straight quarter and sales in Europe declined for
the first time in four quarters.
** HEALTHSTREAM INC, $26.55, +19.33 pct
The company, which provides Internet-based learning and
research software to healthcare providers, reported
second-quarter revenue of $42.5 million, higher than the
analysts' average estimate of $41 million.
HealthStream also narrowed its full-year revenue growth
forecast to 26 percent-29 percent from 25 percent-29 percent.
** ARM HOLDINGS PLC, $45.08, +5.90 pct
The seller of blueprints for chip designs posted a 9
percent rise in second-quarter profit as licensing of its
processor technology compensated for a slowdown in high-end
smartphone sales that decimated growth in royalties.
** COCA-COLA CO, $41.16, -2.92 pct
The maker of Sprite, Minute Maid and Powerade reported
lower-than-expected quarterly revenue as sales in North America,
its biggest market, failed to show growth for the second
** HARLEY-DAVIDSON INC, $63.14, -5.87 pct
The motorcycle maker cut its full-year forecast for
motorcycle shipments on Tuesday, citing weaker-than-expected
U.S. retail sales and a delay in getting its newest bike into
** NEW ORIENTAL EDUCATION & TECH GROUP INC, $21.24,
The Chinese for-profit education provider said it expected
first-quarter revenue of $412.0 million-$427.5 million, far
below the analysts' average estimate of $463.3 million. But the
company reported fourth-quarter revenue above the consensus
** GALENA BIOPHARMA INC, $2.9099, +4.30 pct
The drug developer was granted U.S. rights for MonoSol Rx's
oral soluble film used to prevent nausea and vomiting
induced by chemotherapy, radiotherapy or after surgery.
The agreement includes undisclosed upfront payment from
Galena to the New Jersey-based company, as well as double-digit
royalty payments from sales of the therapy, Zuplenz.
** POLARIS INDUSTRIES INC, $145.95, +9.59 pct
The snowmobile maker raised its full-year forecast after
off-road vehicle sales increased 13 percent in the second
Polaris, one of the top percentage gainers on the NYSE, is
not facing headwinds affecting rival Harley-Davidson Inc
, which cut its full-year forecast for motorcycle
** AMERICAN AXLE & MANUFACTURING HOLDINGS INC,
$19.7, +2.87 pct
JPMorgan raised its rating on the auto parts maker's stock
to "neutral" from "underweight", citing strong North American
auto sales. Seven of 10 brokerages covering the stock have a
"buy" or higher rating, one rates it "hold" and two have "sell"
ratings. The analysts' median price target on the stock is $22,
unchanged for the past 90 days.
** CREDIT SUISSE GROUP AG, $28.62, -1.51 pct
The Swiss bank will quit commodities trading after
chalking up its biggest loss since the financial crisis in 2008,
the result of a 1.6 billion Swiss franc ($1.78 billion) fine
from U.S. authorities for helping its clients evade taxes.
($1 = 0.9004 Swiss Francs)
** LEXMARK INTERNATIONAL INC, $47.94, +2.13 pct
The printer maker's second-quarter profit and revenue beat
the analysts' average estimate.
Lexmark said it now expects full-year revenue to remain
unchanged or fall up to 2 percent. It had earlier forecast a 2-4
percent decline. The company raised its full-year adjusted
profit forecast to $3.95-$4.15 per share from $3.80-$4.00.
** CYMABAY THERAPEUTICS INC, $5.55, -7.04 pct
The drug developer said it would offer 4 million shares at
$5.50 each, representing 40 percent of the company's outstanding
shares as of April 30.
The offer price represents discount of about 8 percent to
the stock's Monday closing.
** VALSPAR CORP, $78.97, +3.66 pct
Goldman Sachs said it expected the coating and paint maker
to benefit from a recovery in the U.S. housing market and added
it to 'Americas Conviction List'. The brokerage also raised its
rating on the stock to "buy" from "neutral." Of the 15
brokerages covering Valspar, two have a "strong buy" rating, 5
have a "buy", 7 have a "hold" and 1 a "sell."
** APACHE CORP, $103.55, +5.06 pct
Activist investor Jana Partners LLC has built a stake worth
more than $1 billion in Apache, the Wall Street Journal
Jana Partners said it wants the company to drill exclusively
on American soil and sell its international holdings. The
investor wants Apache to free up cash flow by exiting two
projects in Canada and Australia that aim to export natural gas.
** COMBIMATRIX CORP, $2.4201, +7.56 pct
The molecular diagnostics company signed an agreement to
join a network of directly managed preferred provider
organizations maintained by Atlanta-based Stratose.
Patients pay less for care when they use the services of
doctors, hospitals and pharmacies in preferred provider
** CENTENE CORP, $81.38, +7.67 pct
The health insurer reported a 24 percent jump in quarterly
profit, beating market estimates for the sixth straight quarter,
as the company's premium and services revenue surged after it
expanded in Florida, Ohio and California.
** KIMBERLY CLARK CORP, $109.7, -2.32 pct
The personal care and hygiene products maker lowered the
high end of its full-year adjusted earnings forecast range. The
company cut its forecast range to $6.00-$6.15 per share from
$6.00-$6.20, citing a "difficult environment."
The company's quarterly profit missed the analysts' average
estimate by 1 cent, hurt by higher input costs and foreign
currency exchange rates.
** ROWAN COMPANIES PLC, $31.5, +1.51 pct
U.S.-based investment firm Blue Harbor Group LP reported a
6.5 percent stake in the offshore drilling company.
** COMCAST CORP, $54.755, +1.74 pct
The largest U.S. cable operator reported a
better-than-expected rise in quarterly profit, helped by the
highest subscriber additions in its high-speed internet business
for six years and improved profitability at its NBC Universal
** PEABODY ENERGY CORP, $15.59, +1.76 pct
The coal miner reported a 2 percent rise in quarterly
revenue, helped by an increase in shipments and prices at its
mining operations in western U.S. states such as Wyoming,
Colorado and Montana.
** DEL FRIJOL'S RESTAURANT GROUP INC, $21.61,
The company reported second-quarter revenue and profit below
the analysts' average expectation.
Del Frisco's cut its 2014 profit forecast, citing delays in
opening several restaurants and also lowered sales projections
for Chicago Del Frisco's Double Eagle, based on current sales,
and for Palm Beach Del Frisco's Grille, which has not yet
received clearance to serve lunch, brunch or make use of patio
** TRAVELERS COMPANIES INC, $91.44, -4.01 pct
The property and casualty insurer's quarterly earnings fell
short of analysts' estimates as hail and wind storms in the
United States increased catastrophe losses.
** OMNICOM GROUP INC, $71.46, +0.18 pct
The No.1 U.S. advertising company, said it was sticking with
its annual organic revenue growth target, showing little effect
from its aborted $35 billion merger with France's Publicis
** CROCS INC, $16.5, +11.19 pct
The shoemaker said it would cut 183 jobs, close 75-100
retail stores and reduce direct investment in smaller markets to
cut costs. The company also said it would explore strategic
alternatives for non-core brands and eliminate non-core product
Crocs also posted better-than-expected second-quarter profit
and sales, and forecast that 2015 revenue would be hurt by store
closures before revenue growth resumes in 2016 and beyond.
** VERIZON COMMUNICATIONS INC, $50.82, +0.24 pct
The largest U.S. wireless telecom company reported
better-than-expected quarterly revenue and profit due to a jump
in postpaid wireless subscriber additions.
** FUELCELL ENERGY INC, $2.51, +13.57 pct
The fuel cell power plant maker said its affiliate won 5
million euros ($6.73 million) from the German government to
support a three-year research and development project with JV
partner Fraunhofer IKTS.
The project aims to improve the company's power plants'
technology by increasing power density and operating life of
fuel cells, leading to lower costs.
($1 = 0.7427 Euros)
** CROWN HOLDINGS INC, $48.51, -5.75 pct
The metal beverage and food can maker's net income fell to
76 cents per share for the second quarter ended June 30 from 93
cents per share a year earlier.
The company's cost rose to $1.96 billion from $1.82 billion,
while restructuring expenses jumped to $31 million from $4
** HELIX ENERGY SOLUTIONS, $26.32, +7.74 pct
The offshore drilling company's second-quarter net income
more than doubled to 55 cents per share, helped by 100 percent
utilization of all three North Sea vessels.
The second quarter was the first full quarter when Helix's
534 vessel was put to full use.
** CIT GROUP INC, $49.17, +11.88 pct
The U.S. small-business lender said it would buy California
lender OneWest Bank NA for $3.4 billion in cash and stock, its
second deal in two months to boost its middle-market lending.
** ULTRA CLEAN HOLDINGS INC, $8.87, -3.17 pct
The chip equipment maker's second-quarter profit and sales
missed the analysts' average estimate as demand slowed.
Roth Capital raised its rating on the company's stock to
"buy". All five analysts covering the stock have a "buy" or
higher rating, according to Thomson Reuters data.
** INGERSOLL-RAND PLC, $64.14, +3.70 pct
The maker of Trane air conditioners and Thermo King
refrigeration units raised its current-year profit forecast as
it expects the construction and industrial markets to grow.
** NETFLIX INC, $429.8435, -4.89 pct
The video-streaming company planned expansion in Europe will
set it up for growth, but increase content and marketing
expenses in the near term, analysts said.
** STEEL DYNAMICS INC, $21.69, +4.53 pct
The steelmaker's second-quarter sales rose 14 percent to
$2.1 billion, while profit rose 60 percent.
Cowen and Co and UBS raised their price targets on the
** LOCKHEED MARTIN CORP, $166.59, +2.22 pct
The Pentagon's largest defense supplier reported a 3.5
percent rise in quarterly profit as higher interest rates
lowered its pension liability.
** SYNTA PHARMACEUTICALS CORP, $4.234, +4.03 pct
The drugmaker said its experimental cancer drug ganetespib
advanced into a late-stage extension trial. The combination of
ganetespib and chemotherapy will be studied in elderly patients
with acute myeloid leukemia, a type of blood cancer, or
high-risk myelodysplastic syndrome, a blood disorder.
** CELGENE CORP, $86.5605, +1.47 pct
An anti-cancer drug made by the U.S. biotech firm Celgene
can re-activate hidden HIV in patients so that it can be
detected, bringing researchers closer to being able to treat it,
Danish scientists said on Tuesday.
** AMERICA MOVIL SAB DE CV, $23.75, +2.28 pct
Carlos Slim's America Movil, Latin America's biggest
telecoms company, said on Monday that new regulation in its core
Mexico market was beginning to weigh on its performance. A lower
exchange rate and financing costs helped the company
increase its profit by 32.7 percent to 18.83 billion pesos
($1.45 billion) in the second quarter.
(Reporting By Shubhankar Chakravorty in Bangalore; Editing by