April 23, 2013 / 10:58 AM / 4 years ago

MARKET PULSE-Netflix, Texas Instruments, DuPont, ARM, Illumina

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

April 23 (Reuters) - Some U.S. stocks on the move on Tuesday:

STOCK INDEX FUTURES SIGNAL MIXED OPEN

Index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 down 0.07 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures up 0.04 percent.

** NETFLIX INC, Monday close $174.37, up 23.5 pct premarket

The video subscription service impressed investors on Monday with solid subscriber growth and better-than-expected profits in the first quarter.

At least two brokerages raised their price target on the stock on Tuesday.

** TEXAS INSTRUMENTS INC, Monday close $34.81, up 0.5 pct premarket

The chipmaker posted first-quarter results slightly ahead of Wall Street expectations on Monday and it forecast growth for the current quarter on improving demand for its chips.

Three brokerages raised their price targets on the stock on Tuesday.

** RENT-A-CENTER INC, Monday close $35.90, down 7 percent after market

The rent-to-own operator of furniture and electronic items reported quarterly results that widely missed Wall Street forecasts, as demand dropped due to delayed issuance of federal income tax refunds, rising fuel prices and higher payroll taxes.

** ILLUMINA INC, Monday close $55.12, up 4.3 pct after market

The gene sequencing products maker's first-quarter adjusted profit beat analysts' expectations on Monday as its product sales rose 21 percent.

Credit Suisse raised its price target on the stock.

** XOOM CORP, Monday's close $19.59, up 3.9 pct after market

The online money transfer provider posted a surprise profit as more people transferred money using its digital platform. The company which, went public in February, said active customers grew by 46 percent to about 841,819 for the quarter ended March 31,2013. Revenue rose 43 percent to $24.3 million

** TECK RESOURCES LTD , Monday close $25.35

Canada's largest diversified miner reported a 40 percent fall in first-quarter adjusted profit due to lower coal prices, and said economic uncertainty may affect prices and shipments.

** VEECO INSTRUMENTS INC, Monday close $32.23, up 11.7 pct premarket

The company, which makes equipment critical for LED production, said it was booking rush orders from some of its LED customers that would help reduce excess supply.

** ARM HOLDINGS , Monday close $40.24, up 6.9 pct premarket

The British chip designer easily beat first-quarter profit forecasts, helped by the strength of the dollar and buoyant demand for smartphones and tablets that use its processor technology.

** DUPONT, Monday close $50.41

The chemicals maker's first-quarter profit more than doubled, helped by higher demand for agricultural chemicals and seeds ahead of the spring planting season in North America.

** CIT GROUP INC, Monday close $41.45

The small-business lender reported a quarterly profit compared with a loss from the year earlier as it cut its spending on the servicing of long-term debt.

** CENTENE CORP, Monday close $45.35

The health insurer reported a better-than-expected quarterly profit as new contracts and expansion of existing contracts boosted revenue by 53 percent.

** ENCANA CORP , Monday close $18.79

Canada's No.1 natural gas producer, reported a 25 percent fall in first-quarter operating profit due to hedging losses.

** LOCKHEED MARTIN CORP, Monday close $95.85

The largest U.S. defense contractor is expected to report a drop in revenues and slight decline in earnings when it announces first-quarter results before market opens on Tuesday.

** DELTA AIR LINES INC, Monday close $15.14

Delta is likely to report a profit for the first quarter, which would represent its first March quarter in the black since 2000, aided by corporate market share gains and better European performance. It is scheduled to report results at 7 ET on Tuesday.

** U.S. AIRWAYS GROUP, Monday close $15.52

US Airways is expected to report a first-quarter profit against a year-ago loss, aided by evenue gains and lower fuel costs, when it reports results at 7 ET on Tuesday.

** UNITED TECHNOLOGIES CORP, Monday close $93.63

The diversified U.S. manufacturer is expected to post a jump in quarterly profit, helped by sales of elevators, air conditioners and jet engines, when it reports first-quarter results on Tuesday.

** TRAVELERS COMPANIES INC, Monday close $84.58

Travelers will be the first major insurer to report first-quarter results, and investors will hope the company can continue its trend of increasing premium rates across its businesses.

** ILLINOIS TOOL WORKS, Monday close $60.78

The diversified manufacturer, that lost its longtime CEO to cancer late last year, is scheduled to report results at 0800 ET on Tuesday. ITW has warned investors it expects sales to grow modestly in 2013, but has promised to grow earnings by double digits by restructuring its notoriously sprawling business and reducing the number of independent units.

** AK STEEL, Monday close $2.92

The steelmaker is expected to report its third straight quarterly loss, when it reports first-quarter results before market opens on Tuesday, as demand for its products continued to remain weak.

** COACH INC, Monday close $50.59

The leather-goods maker reports quarterly results for the first time since the overhaul of its stores and a bigger push into apparel and shoes began, with Wall Street keen to see if shoppers are taking to it, which would allow Coach to narrow the gap with Michael Kors. Coach is scheduled to report third-quarter results before market opens on Tuesday.

** CIT GROUP INC, Monday close $41.45

The small business lender led by former Merrill Lynch Chief Executive John Thain, is expected to report solid profit, when it reports first-quarter results before markets open on Tuesday, as it continues to cut its high-cost debt after emerging from bankruptcy protection three years ago.

** WELLS FARGO & CO, Monday close $36.73

The fourth-largest U.S. bank by assets will hold its annual shareholder meeting. Last year's gathering was disrupted by demonstrators angered over foreclosure practices and other issues. (Compiled by Sruthi Ramakrishnan in Bangalore,)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below