March 19 (Reuters) - Some U.S. stocks to watch on Tuesday:
(For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s)
U.S. stock index futures were little changed on Tuesday amid caution ahead of a crucial vote in Cyprus that could lead the country into default, as investors waited to see if the nation’s troubles would have a wider impact in the euro zone.
S&P 500 futures added 1.1 points, Dow Jones industrial average futures added 3 points, while Nasdaq 100 futures lost 1.5 points.
** AFFYMAX INC, Monday close $2.92, down 58 pct premarket
The drugmaker said on Monday that it was considering selling itself or filing for bankruptcy among a range of alternatives, as it struggles to stay afloat following the recent recall of its sole commercial product, anemia drug Omontys.
** HARVEST NATURAL RESOURCES INC, Monday close $5.49, down 9 pct premarket
The oil and gas producer said it had identified some accounting errors and it might have to restate results for some periods in the last three years.
Harvest Natural also estimated a full-year loss of about $9.6 million, or 26 cents per share, for 2012.
** HOSPITALITY PROPERTIES TRUST, Monday close $27.19, down 7 pct premarket
The owner of hotels and travel centers said it was raising money through an offering of 10 million shares to pay down debt.
** CRESTWOOD MIDSTREAM PARTNERS LP, Monday close $24.85, down 4.6 pct premarket
The company, which transports natural gas and related liquids, said it has started a public offering of 4.5 million common units and will use the proceeds to repay debt.
** HOLLY ENERGY PARTNERS LP, Monday close $42.28, down 4 pct premarket
The company, which operates petroleum product and crude pipelines, said it plans to offer 1.87 million common units and use the proceeds to repay debt.
** JUNIPER NETWORKS INC, Monday close $20.21, down 3.5 pct premarket
Goldman Sachs downgraded the network equipment maker to "sell" from "neutral", citing competitive and disruptive pressures, according to StreetInsider.com. (link.reuters.com/fam76t)
** AMERISOURCEBERGEN, Monday close $48.30, up 1 pct premarket
** WALGREEN CO, Monday close $42.43
Pharmaceuticals distributor AmerisourceBergen signed a 10-year distribution contract with Walgreen and associate Alliance Boots GmbH that will also allow them to acquire up to 23 percent of AmerisourceBergen.
AmerisourceBergen said the deal was expected to contribute an incremental $28 billion in revenue and about 20 cents in earnings per share in fiscal 2014.
** BANK OF AMERICA CORP, Monday close $12.56, up 1.4 pct premarket
Bank of America’s shares recovered slightly after Cyprus’s government proposed on Tuesday to spare small savers from a tax on bank deposits, in a last-minute attempt to win parliamentary backing for an international bailout and avoid a default and a banking collapse.
** TWO HARBORS INVESTMENT CORP, Monday close $13.87, down 1 pct premarket
The REIT, which invests in residential mortgage-backed securities and residential mortgage loans, said it plans to offer 50 million shares to raise funds for acquisitions.
** CHESAPEAKE ENERGY CORP, Monday close $22.17, down 1 pct premarket
The second-largest U.S. natural gas company gave more details about its plan to raise $2.3 billion by selling senior notes. It will use the proceeds to buy some of its debt due 2013 and 2018.
** INTERSECTIONS INC, Monday close $11.05, down 14 pct after market
The provider of indentity theft protection said on Monday its full-year revenue will fall as much as 15 percent as regulatory scrutiny causes financial services companies to pull back on marketing its products.
** GMX RESOURCES INC, Monday close $4, down 12.5 pct after market
The oil and gas producer reiterated that it may seek bankruptcy protection if it is not able to reach a consensual alternative for restructuring its balance sheet. The company also said it had not been able to file its annual report as it had been focused on discussions with lenders and finding financing alternatives.
** FUTUREFUEL CORP, Monday close $13.66, down 9 pct after market
The chemicals and biofuels maker posted a fourth-quarter profit that missed analysts’ estimates as revenue from two of its largest customers fell due to the expiration of a $1-per-gallon tax credit for biodiesel.
** SKULLCANDY INC, Monday close $5.33, up 6 pct after market
The maker of trendy headphones named the head of Nike Inc’s Nike+ Digital Sport as its chief executive, as it deals with the loss of a major customer and looks to rein in costs related to international expansion.
** LULULEMON ATHLETICA INC , Monday close $65.90, down 6 pct after market
The Canadian company is pulling shipments of unexpectedly sheer women’s yoga pants from its stores, in a move the athletic clothing maker said would hurt its bottom line.
** USA MOBILITY INC, Monday close $12.74, down 5 pct after market
The paging and wireless services provider on Monday delayed the reporting of its fourth-quarter and full-year 2012 results, citing a “material weakness” related to its software revenue recognition process.
The company did not provide a new date for reporting its fourth-quarter and full-year results.
** CHIQUITA BRANDS INTERNATIONAL INC, Monday close $7.39, up 3 pct after market
The fruit and vegetable distributor’s Chief Executive, Ed Lonergan, revealed in a regulatory filing that he had acquired 50,800 shares of the company for about $367,000. The price implies an average purchase value of $7.22 per share.
** ELECTRONIC ARTS, Monday close $18.71, up 2.5 pct after market
The company behind the “Sims” and “Medal of Honor” franchises said on Monday Chief Executive John Riccitiello had resigned after six years at the helm of the video games publisher. (Compiled by Pallavi Ail in Bangalore; Editing by Sreejiraj Eluvangal)