March 13 (Reuters) - Some U.S. stocks to watch on Wednesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s)
U.S. stock index futures erased earlier declines to turn positive after data showed retail sales rose more than expected in February.
S&P 500 futures rose 1.4 points, Dow Jones industrial average futures added 6 points and Nasdaq 100 futures were up 0.5 point.
** SPECTRUM PHARMACEUTICALS, Tuesday close $12.43, down 41 pct premarket
The company forecast a steep drop in full-year sales as it expects uptake of its biggest-selling product, colon cancer drug Fusilev, to significantly decline as cheaper generics re-enter the market.
** VELTI PLC, Tuesday close $3.11, down 26 pct premarket
The mobile marketing company reported a fourth-quarter profit well below analysts’ expectations on Tuesday, and said it had decided to forego a “significant amount” of additional business in Greece, the Balkan and other regions. It also said it expected to cut its capital expenditure by more than half.
** EXPRESS INC, Tuesday close $18.85, down 15 pct premarket
The apparel and accessories retailer reported stronger-than-expected fourth-quarter results, but said it was off to a slow start in the current quarter.
** NANOSPHERE INC Tuesday close $2.29, up 3 pct premarket
The company said it received European regulatory approval for an infectious disease test.
** COACH INC, Tuesday close $48.81, up 2 pct premarket
Citigroup Inc upgraded its rating on the handbag maker’s stock to “buy”, saying the company’s plan to transition to a multi-category lifestyle brand will “ultimately work” and the management team remains “top notch”.
** BOEING CO, Tuesday close $84.16, up 1 pct premarket
The company won approval from U.S. transport regulators on Tuesday to start testing a redesigned battery for the 787 Dreamliner, putting it one step closer to getting the troubled airplane back into regular service.
Also on Tuesday, sources told Reuters the planemaker was close to signing a $15 billion deal to sell about 170 single-aisle 737 planes to budget Irish carrier Ryanair.
** KRATOS DEFENSE AND SECURITY SOLUTIONS INC, Tuesday close $4.48, down 16 pct after market
The defense contractor forecast 2013 revenue below analysts’ expectations, citing uncertainty due to U.S. budget cuts.
** NATIONAL FINANCIAL PARTNERS, Tuesday close $20.05, up 11 pct after market
The New York-based wealth management company headed by Sandy Weill’s daughter Jessica Bibliowicz is exploring a potential sale, according to three people familiar with the matter.
** DTS INC, Tuesday close $19, up 8 pct after market
The company, which specializes in surround sound for DVD players, posted a better-than-expected quarterly profit, helped by higher sales of network-connected consumer devices.
** GSI GROUP INC, Tuesday close $9.58, up 7 pct after market
The maker of precision motion devices reported a better-than-expected quarterly profit and forecast a strong 2013, helped by restructuring actions and the recent acquisition of NDS Surgical Imaging.
** DOLE FOOD CO INC, Tuesday close $11.73, down 5 pct after market
The fruit and fresh vegetable distributor reported fourth-quarter results that missed market estimates due to challenging banana market conditions and one-time charges.
** EAGLE ROCK ENERGY PARTNERS LP, Tuesday close $9.64, down 4 pct after market
The company, which transports natural gas and associated liquids, said it would sell 8 million common units and use the proceeds to repay a portion of its debt.
** GENMARK DIAGNOSTICS INC, Tuesday close $11.05, up 4 pct after market
The company reported a smaller-than-expected fourth-quarter loss, helped by higher sales of its molecular diagnostic tests.
** COSTCO WHOLESALE CORP, Tuesday close $103.75
The warehouse club discount retailer lured shoppers with low prices on everything from produce to gasoline in the latest quarter, gaining market share at a time when other retailers saw shoppers pull back due to higher taxes and rising fuel prices.
A membership fee hike also helped the company, which reported a higher-than-expected quarterly profit on Tuesday.
** ADVENT SOFTWARE INC, Tuesday close $29.64
The accounting software company is exploring a sale and has hired Frank Quattrone’s investment bank Qatalyst Partners to lead the effort, several people familiar with the matter said on Tuesday.
** ENDEAVOUR SILVER CORP , Tuesday close $6.50
Endeavour Silver Corp has signed two contracts to sell its silver-gold concentrates from Bolanitos mine in Mexico and facilitate higher production from the mine in 2013. (Compiled by Pallavi Ail in Bangalore; Editing by Sreejiraj Eluvangal)