March 13, 2013 / 2:34 PM / 4 years ago

MARKET PULSE-Spectrum Pharma, Valero Energy, Dole Food, Mellanox

6 Min Read

March 13 (Reuters) - Some U.S. stocks on the move on Wednesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter; for the Morning News Call newsletter,

Wall St Little Changed, Retail Sales Support

Wall Street started Wednesday little changed after enthusiasm over surprisingly strong retail sales was tempered somewhat by investors taking a pause after the recent rally. The Dow Jones industrial average edged up 4.03 points, or 0.03 percent, the Standard & Poor's 500 Index added 0.29 points, or 0.02 percent, and the Nasdaq Composite Index was off 0.39 points, or 0.01 percent.

** SPECTRUM PHARMACEUTICALS, $7.85, down 37 pct (0946 ET)

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, $2.21, down 30 pct (0946 ET)

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, $17.03, down 10 pct (0945 ET)

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.

** BG MEDICINE INC, $2.02, up 11 pct (0945 ET)

The diagnostic test maker reported a smaller-than-expected fourth-quarter loss, helped by higher revenue from Galectin-3 - its blood test for use in patients with chronic heart failure.

** MELLANOX TECHNOLOGIES, $61.62, down 6 pct (0944 ET)

A vice president and a director at the Israeli chip designer disclosed that they had sold shares of the company.

** DREAMWORKS ANIMATION SKG INC, $18.50, up 5 percent (1012 ET)

Stifel Nicolaus & Co raised the movie studio's stock to a "hold" from a "sell", saying the impact of a $87 million write-down due to the weak box office performance of its movie "Rise of the Guardians" has largely played out.

** VMWARE INC, $79.00, up 5 pct (0955 ET)

** EMC CORP, $24.73, up 1 pct (0955 ET)

The data storage equipment maker plans to create a new company called Pivotal that would be 69 percent owned by EMC and 31 percent owned by its publicly traded affiliate VMware, according to EMC Chief Executive Joe Tucci.

** GAIN CAPITAL HOLDINGS INC, $4.13, down 5 pct (1005 ET)

The company, which provides online foreign exchange trading services, reported a wider quarterly loss as revenue in its retail over-the-counter (OTC) business fell.

** VALERO ENERGY CORP, $43.31, down 5 pct (1012 ET)

The refiner was downgraded by Macquarie analysts to a "neutral" rating from an "outperform" rating, according to

** FLAGSTAR BANCORP, $14.35, down 4 pct (0954 ET)

Compass Point started the Midwestern lender will a 'sell' rating, reported.

** NETFLIX INC, $189.07, up 4 pct (1000 ET)

The video service unveiled a new feature on Wednesday that allows subscribers to let their Facebook Inc friends know what television shows and movies they are watching and also see friends' viewing activity.

** ICICI BANK LTD , $42.95, down 3 pct (1010 ET)

Interest rate-sensitive stocks such as ICICI Bank retreated a day before key inflation data that could help determine whether the central bank would ease monetary policy.

** FORTRESS INVESTMENT GROUP $6.89, up 3 pct (1003 ET)

Goldman Sachs raised the alternative asset manager to a 'buy' rating, reported.

** ASM INTERNATIONAL NV, $34.95, down 13 pct (0943 ET)

The Dutch semiconductor equipment maker is selling a smaller-than-expected stake in its Hong Kong-listed unit, disappointing investors who had hoped a break-up of the firm might create more value for shareholders.


The defense contractor forecast 2013 revenue below analysts' expectations, citing uncertainty due to U.S. budget cuts.

** NATIONAL FINANCIAL PARTNERS, $22.87, up 14 pct (0941 ET)

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.

** DOLE FOOD CO INC, $11.15, down 5 pct (0939 ET)

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, $9.31, down 3 pct (0939 ET)

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, $11.72, up 6 pct (0939 ET)

The company reported a smaller-than-expected fourth-quarter loss, helped by higher sales of its molecular diagnostic tests. (Compiled by Pallavi Ail in Bangalore; Editing by Sreejiraj Eluvangal)

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