June 25 (Reuters) - Some U.S. stocks to watch on Tuesday:
U.S. stock index futures slightly added to gains after May durable goods rose more than expected. S&P 500 futures were up 10.9 points, Dow Jones industrial average futures 63 points and Nasdaq 100 futures 20.25 points.
** COMBIMATRIX CORP, Monday close $2.69, up 37.5 pct premarket
The diagnostic test provider said its test for miscarriage analysis has received conditional approval from the New York State’s Department of Health.
** WALGREEN CO, Monday close $48.05, down 6.2 pct premarket
The biggest U.S. drugstore chain posted a higher quarterly profit on Tuesday but missed analysts’ estimates, due to a still weak economy, lagging front-end sales and lower customer traffic.
** ORACLE CORP, Monday close $30.17, up 1 pct premarket
** SALESFORCE.COM INC, Monday close $36.95, up 2 pct premarket
Salesforce.com and rival Oracle said they have signed a nine-year cloud computing partnership. Salesforce will offer its cloud products on Oracle’s Java platform, operating system, storage server, and database.
** NETFLIX INC, Monday close $215.60, down 2 pct premarket
Sanford C. Bernstein downgraded the online video rental company to “underperform” from “market-perform” and said its stock may face “material volatility” over the next two quarters. The brokerage also said the stock’s current valuation “reflects unrealistic expectations across all major economic and strategic levers of the business.”
Analyst Carlos Kirjner said in his note that he expects domestic streaming subscriber base to reach 43 million users by 2020, below the 50 million users he believes investors are expecting.
** SONIC CORP, Monday close $14.19, down 4 pct premarket
The fast-food drive-in chain reported third-quarter sales below Wall Street estimates on Monday as cooler-than-usual weather in March and April kept diners away. Same-restaurant sales decreased 1.1 percent at company-owned drive-in chains in the quarter with weather having a 3-4 percentage point impact on sales, the company said.
** IMPAX LABORATORIES INC, Monday close $17.91, up 5 pct premarket
The pharmaceutical company said Larry Hsu will step down as president and chief executive. He will remain with Impax until a replacement is found.
** AMERICAN VANGUARD CORP, Monday close $27.54, down 7 pct premarket
Piper Jaffray cut its rating on the chemical manufacturer’s stock to “neutral” from “overweight”, according to Theflyonthewall.com.
** LENNAR CORP, Monday close $34.99, up 3.4 pct premarket
** KB HOME, Monday close $19.23, up 3.4 pct premarket
** D.R. HORTON INC, Monday close $20.92m, up 3.4 pct premarket
** PULTEGROUP INC, Monday close $18.31, up 3.2 pct premarket
Lennar, the No. 3 U.S. homebuilder, reported a stronger-than-expected 53 percent rise in second-quarter revenue as it sold more homes at higher prices, suggesting the U.S. housing market recovery remains on track.
** BARNES & NOBLE INC, Monday close $18.82, down 4.3 pct premarket
Barnes & Noble’s quarterly net loss more than doubled as sales of its Nook device and e-books continued to plunge, and it forecast a sharp drop in business at its bookstores.
** BLACKBERRY, Monday close $14.10, up 2.2 pct premarket
BlackBerry launched a service allowing government agencies and corporate clients to secure and manage devices powered by Google Inc’s Android platform and Apple Inc’s iOS operating system. The long-anticipated offering could help the company sell high-margin services to its large clients.
** ARM HOLDINGS PLC, $35.60, up 2 pct premarket
The company’s shares advanced after traders from Investec Securities upgraded the stock to “buy” from “hold”. While Investec says it expects Intel Corp to take share from ARM in both the smartphone and tablet markets, it anticipates that progress will be slow - as it has been in recent years.
** CARNIVAL CORP, Monday close $33.22, up 2 pct premarket
The world’s largest cruise operator reported a significant rise second-quarter net income.
** FORD MOTOR CO, Monday close $14.67, up 1 pct
Ford is launching a two-year pilot program with the United Auto Workers and a UAW-affiliated retiree trust fund aimed at lowering the cost of providing medical care for the company’s active and retired hourly workers.
** MEN‘S WEARHOUSE INC, Monday close $35.13, up 2.6 pct premarket
Men’s Wearhouse said it fired executive chairman George Zimmer as he had difficulty in giving up operational control of the company he founded 40 years ago.
** FMC TECHNOLOGIES INC, Monday close $55.10, up 1.6 pct premarket
The manufacturer of drilling equipment said it received a $1.2 billion order for subsea equipment from Total Upstream Nigeria Ltd for its Egina field, offshore Nigeria. The equipment is scheduled for delivery in 2015.
** ENBRIDGE INC, Monday close $40.68
Canada’s Enbridge has returned a major section of the 540-km (335-mile) Athabasca oil pipeline to service, after a spill on a smaller line that has threatened a serious disruption in the flow of oil sands crude.
** NAVISTAR INTERNATIONAL CORP, Monday close $26.62
Navistar said Chief Financial Officer Andrew Cederoth would leave the company by the end of June, the latest management change at the truck and engine maker looking to recover from a disastrous engine redesign.
** GOOGLE INC, Monday close $869.79
Antitrust regulators are conducting a preliminary inquiry into Google’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter.
** SPRINT NEXTEL CORP, Monday close $6.86
Sprint shareholders are expected to vote on SoftBank’s revised $21.6 billion agreement to buy 78 percent of the company. The hedge fund Paulson & Company, the No. 2 Sprint shareholder, has said it would vote its shares in favor of the deal. Rival suitor Dish said on Friday that it was abandoning its quest to buy Sprint after SoftBank raised its bid.
** MITEL NETWORKS CORP, Monday close $3.91, up 8 pct after market
The communications equipment and software maker reported fourth-quarter results ahead of analysts’ estimates on Monday, helped by strong demand for its cloud and premise-based offerings.
RBC Capital Markets raised its target price on the stock to $4.50 from $4.25. (Compiled by Kanika Sikka; Editing by Maju Samuel)