May 14, 2013 / 1:02 PM / 4 years ago

MARKET PULSE-SolarCity, Take-Two, Cree, Nanosphere, PDI, Sony

9 Min Read

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May 14 (Reuters) - Some U.S. stocks to watch on Tuesday:

Futures Edge Up as Investors Search for Catalysts

U.S. stock index futures edged higher as investors looked for reasons to push stocks further after a rally that repeatedly took the Dow and S&P 500 to record highs. Futures for the S&P 500 were up 1.3 point and the Dow Jones up 3 points, while futures for the Nasdaq 100 were down 1 point.

** TRINA SOLAR LTD, Monday close $5.93, down 6.9 pct premarket

The Chinese solar panel producer estimated panel shipments at between 390 megawatt (MW) and 400 MW for the first quarter, lower than its prior outlook of 420 MW to 430 MW.

The company also said its profit for the quarter ended March 31 would be hurt by a foreign currency exchange loss in the range of $18.5 million to $19.5 million, and the reversal of an accounts receivables provision of $10.5 million to $11.5 million.

** CREE INC Monday close $61.11, down 4.7 pct premarket

Analysts at Stern Agee & Leach downgraded their rating on the light-emitting diode maker's stock to "neutral" from "buy", citing "aggressive behavior" by competitor Philips. The analysts said Cree could face some disruptions in the next two quarters as Philips Lighting North America has been forcing agents to choose between its and Cree's products.

** SUNTECH POWER HOLDINGS CO LTD, Monday close $0.63

The solar company, whose main unit is in insolvency proceedings, said it received a notification from the New York Stock Exchange that it had failed to file its annual report in time for the year ended Dec 31, 2012.

The company earlier this month said it would delay filing the full-year results as it needed more time to restate financial statements for the previous two years.

The NYSE will closely monitor the status of the company's late filing and related public disclosures for up to six months, Suntech said.

** BLACKBERRY, Monday close $15.88, up 1 pct premarket

At the BlackBerry Live conference in Orlando, the mobile phone maker's executives are expected to give analysts, media, carriers and partners an update on the performance so far of its new BlackBerry 10 line of devices. It is also expected to provide details on plans to provide security for iPhone and Android devices, along with a road map of new devices in the pipeline.

** HESS CORP, Monday close $69.39

Elliott Management Corp, the activist investor engaged in a proxy battle with Hess, has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday.

** FREEPORT-MCMORAN COPPER & GOLD INC, Monday close $31.96, down 1.5 pct premarket

A training tunnel collapsed on Tuesday at the world's second largest copper mine in eastern Indonesia, trapping at least 33 workers underground, the mine's owner, Freeport-McMoRan, said.

** VIVUS INC, Monday close $13.50, down 2 pct premarket

Lazard Capital Markets downgraded the drugmaker to "neutral" from "buy", saying "time is running out for the company to achieve commercial success" for its diet pill Qsymia.

Last week, Vivus reported weak first-quarter sales for Qsymia and said it had begun talks with large pharmaceutical companies to accelerate the marketing of the drug.

The brokerage said "the timing and nature of any agreement is undefined and may not adequately offset Vivus's (cash) burn"

** NVIDIA CORP, Monday close $14.24, up 2 pct premarket

The graphics chipmaker said it will buy back $750 million worth common stock under an accelerated share repurchase agreement with Goldman, Sachs & Co.

** YAHOO INC, Monday close $26.39

When CFO Ken Goldman takes the stage at a JP Morgan conference in Boston, investors will be looking for an update on the comeback plan for Yahoo's core business, which has experienced a multi-year revenue decline, as well as any update on IPO prospects for Alibaba Group, in which Yahoo owns a 24 percent stake.

** DISH NETWORK CORP, Monday close $38.81

** SPRINT NEXTEL CORP, Monday close $7.18, up 0.6 pct premarket

Dish on Tuesday said a subsidiary would sell $2.5 billion in debt to help finance Dish's proposed $25 billion acquisition of Sprint Nextel.

** VERIZON COMMUNICATIONS INC, Monday close $52.55

** VODAFONE GROUP PLC, Monday close $29.66

Verizon Wireless, the biggest U.S. mobile service provider, said on Monday it would pay its parents Verizon Communications and Vodafone a dividend of $7 billion in June, surprising some analysts who had not expected a big payout.

** MORGAN STANLEY, Monday close $23.68

The bank holds its annual meeting in Purchase, New York, where the board and senior managers will face shareholders on compensation, an issue that proxy advisory firms are telling investors to vote against. The votes aren't binding, but it may turn out to be another example of big banks facing pushback from advisory firms and investors.

** SOLARCITY CORP, Monday close $35.88, down 11.9 pct premarket

The U.S. solar panel installer on Monday reported a larger-than-expected quarterly loss, reversing a year-ago profit, due to higher costs.

** TAKE-TWO INTERACTIVE SOFTWARE INC, Monday close $16.39, up 4.6 pct after market

The video game publisher reported better-than-expected revenue and earnings in the fourth quarter on Monday, driven by strong sales of "Borderlands 2," and assured investors that its flagship "Grand Theft Auto V" title was on track for the holidays.

** PDI INC, Monday close $4.06, up 35.4 pct premarket

The company, which provides sales reps and other commercial services to drugmakers, on Monday reported a profit for the first quarter, compared with a loss a year earlier, helped by the execution of multi-year new contract wins and lower expenses.

** INFORMATION SERVICES GROUP INC, Monday close $1.90, up 11 pct after market

The advisory company on Monday reported better-than-expected revenue and adjusted earning for the first quarter on higher demand for its services.

** CEMPRA INC, Monday close $6.70, up 4.6 pct after market

The pharmaceutical company said it signed an agreement with Japan-based Toyama Chemical Co Ltd, under which Toyama will get rights to develop Cempra's antibiotic solithromycin in Japan. Cempra will receive an upfront payment of $10 million and up to $60 million in milestone payments.

** NANOSPHERE INC, Monday close $2.79, up 18 pct premarket

The maker of diagnostic tests said it signed a distribution deal with Japan-based Hitachi High-Technologies Corp. Hitachi will exclusively market Nanosphere's products in Japan. Terms of the deal were not disclosed.

** SONY CORP, Monday close $18.89, up 8 pct premarket

Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony to spin off its lucrative entertainment arm, setting the stage for a clash between the activist fund and management at the Japanese electronics maker.

** SANOFI SA, Monday close $54.83

The French Competition Authority said on Tuesday it fined the drugmaker 40.6 million euros ($52.7 million) over what it called a smear campaign aimed at stifling generic competition to its blood thinner, Plavix.

** C.R. BARD INC, Monday close $105.00

The medical device maker will pay about $48.3 million to resolve allegations it made illegal payments to hospitals and physicians to entice them to buy its radiation treatment for prostate cancer, the Justice Department said on Monday.

** WELLPOINT INC, Monday close $76.01

The health insurer said in a regulatory filing on Monday three of its directors resigned, effective immediately, citing personal reasons.

** NOBLE CORP, Monday close $39.96

The owner of the world's third-largest offshore drilling fleet said it received a contract from Statoil ASA for an ultra-high specification jackup for use in the British North Sea. The company said the estimated value of the four-year contract, expected to start during the third quarter of 2016, was $655 million.

** AMAZON.COM, Monday close $264.51

German labor union Verdi called on workers at Amazon.com to stage a strike in the country on Tuesday to put pressure on the global internet retailer to improve pay and benefits.

** AUTOLIV , Monday close $79.02

The auto safety gear maker on Tuesday set out new financial targets for the group and outlined guidelines on its debt that will allow it to spend up to $1.3 billion on acquisitions or shareholder returns. (Compiled by Sruthi Ramakrishnan in Bangalore; Editing by Maju Samuel)

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