April 23, 2013 / 11:58 AM / 4 years ago

MARKET PULSE-DuPont, Netflix, Bank of America, Coach, Texas Instruments

8 Min Read

(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:

Futures Edge Higher as Technology Earnings Help Nasdaq

Index futures edged higher as strong earnings improved sentiment, but weak data from China underlined concerns about global growth. S&P 500 futures were up 3 points. Dow Jones industrial average futures were up 41 points and Nasdaq 100 futures were up 11.25 points.

** NETFLIX INC, Monday close $174.37, up 24 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.

** DUPONT, Monday close $50.41, up 0.6 pct premarket

The chemicals maker's quarterly profit beat analysts' estimates as higher sales of its seeds and agriculture chemicals offset weak demand for the once-lucrative titanium dioxide paint pigment.

** BANK OF AMERICA CORP, Monday close $11.72, up 1.5 pct premarket

Morgan Stanley raised its rating on the stock to "overweight" from "equalweight," according to StreetIndsider.com. (link.reuters.com/cyw57t)

** CATERPILLAR INC, Monday close $82.71, up 1.1 pct premarket

JP Morgan raised its rating on the stock of the world's largest maker of construction and mining equipment to "overweight" from "neutral", and raised its price target by $7 to $100.

** TEXAS INSTRUMENTS INC, Monday close $34.81, up 0.6 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.

** COACH INC, Monday close $50.59, up 12.8 pct premarket

The upscale leather goods maker and retailer reported better-than-expected third-quarter results, helped by higher sales in North America.

** 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.

** TRAVELERS COMPANIES INC, Monday close $84.58, up 5.6 pct premarket

The U.S. insurer posted a higher first-quarter profit, helped by a decline in natural disaster losses and rising insurance rates.

** UNITED TECHNOLOGIES CORP, Monday close $93.63, up 1.4 pct premarket

The diversified U.S. manufacturer reported a better-than-expected profit on Tuesday, helped in part by its 2012 buyout of aircraft components maker Goodrich.

** XEROX CORP, Monday close $8.60, down 1.3 pct premarket

The printer maker reported first-quarter earnings on Tuesday that beat expectations and reiterated its full-year targets.

** PULTEGROUP, Monday close $18.31, up 1 pct premarket

** LENNAR, Monday close $38.79

** MERITAGE HOMES, Monday close $42.58

Barclays raised its ratings on the homebuilders' stock to overweight from equal weight, according to theflyonthewall.com.

** 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

** YINGLI GREEN ENERGY HOLDING CO LTD, Monday close $2.01, down 1.5 pct after market

The company, one of China's largest solar equipment makers, said it has signed two loan agreements with China Development Bank (CDB) with an aggregate of $165 million. CDB will provide the company with a one-year loan of $110 million and a three-year loan of $55 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.

** 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.

** LEXMARK INTERNATIONAL INC, Monday close $25.45

The printer maker reported a 43 percent drop in quarterly profit, hurt by lower sales of its printers.

** CIT GROUP INC, Monday close $41.45

The small-business lender, which is operating under Federal Reserve supervision since emerging from bankruptcy, reported a lower-than-expected quarterly profit due to a 17 percent drop in its interest income.

** CELESTICA INC , Monday close $7.65

The contract electronics manufacturer reported a 76 percent fall in first-quarter profit, hit by the loss of contracts from its once-biggest customer, Blackberry .

** 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 before markets open 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.

** 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 before market 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 revenue gains and lower fuel costs, when it reports results before market on Tuesday.

** 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