November 1, 2013 / 11:44 AM / 4 years ago

MARKET PULSE- AIG, First Solar, Chevron, Container Store, Barrick

5 Min Read

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

Nov 1 (Reuters) - U.S. stock index futures edged slightly higher on Friday, indicating a Wall Street rebound following two days of losses spurred by concerns over Federal Reserve policy. S&P 500 futures were up 1.7 point and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were up 31 points and Nasdaq 100 futures were up 7.7 points.

Some stocks to watch:

** AMERICAN INTERNATIONAL GROUP INC, Thursday close $51.65, down 3.2 pct after market

The company reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which almost went under during the financial crisis.

** CHEVRON CORP, Thursday close $119.96, up 1 pct after market

The second-largest U.S. oil company, scheduled to report quarterly results before markets open, is expected to post higher quarterly earnings per share. The company has already warned about its results because of a tough quarter for all U.S. refiners, so investors will watch to see how its efforts to boost oil and gas production from wells are progressing.

** FIRST SOLAR INC, Thursday close $50.31, up 8 pct premarket

The U.S. solar company reported quarterly results that blew past estimates and raised its earnings outlook for the year as it began recognizing revenue from a major project in California, sending shares higher.

** Container Store Group Inc

The retailer of storage products, which sells a range of items from laundry baskets to luggage, raised $225 million after pricing its initial public offering at the top end of its increased price range. The Coppell, Texas-based specialty retailer, which sells a range of storage products from laundry baskets to luggage, sold 12.5 million shares at $18 each.

** ESSENT GROUP, Thursday close $21.00, up 0.2 pct after market

The mortgage insurer's stock debuted at $22, above its initial public offering price of $17 per share. Brokerage Susquehanna International Group LLP started it stock with a "positive" rating.

** MOHAWK INDUSTRIES INC, $132.42, up 2.7 pct after market

The maker of floor covering products late on Thursday reported third-quarter earnings in line with analysts estimates as new residential construction and remodeling drove up sales. The company forecast fourth-quarter earnings to be higher than Wall Street expectations.

** BARRICK GOLD CORP, Thursday close $19.39, down 4.9 pct after market

The world's largest gold producer said on Thursday that it will issue more than $3 billion in stock as it looks to improve its liquidity position by paying down its large debt load.

** CANADIAN SOLAR INC, Thursday close $23

The Chinese solar products maker said it had been awarded a contract to supply 100 megawatt photovoltaic modules for a solar power project in Guazhou County in China.

** AUDIENCE INC, Thursday close $11.42, down 2.8 pct after market

The audio-chipmaker forecast fourth-quarter results largely below analysts' estimates, hurt by weak demand from its biggest customer, Samsung Electronics Co Ltd.

J.P. Morgan Securities lowered its price target on the company's stock following results.

** ELLIE MAE INC, Thursday close $28.90, down 17.4 pct after market

The company, whose software is used by mortgage professionals, reported a lower-than-expected third-quarter profit, hurt by lower mortgage volumes and higher R&D spending.

** TRIMBLE NAVIGATION LTD, Thursday close $28.52, up 7.4 pct after market

The navigation software maker reported better-than-expected quarterly earnings and forecast a strong fourth quarter, helped by robust sales in the transport and logistics sectors.

** BODY CENTRAL CORP, Thursday close $5.62, down 18.1 pct after market

The women's apparel retailer reported a larger-than-expected quarterly loss as it struggled to attract customers. Chief Executive Brian Woolf attributed the disappointing third-quarter results to a decline in U.S. mall traffic and the overall weakness in the women's apparel sector.

Brokerage Jefferies and Co Inc lowered its price target on the company's stock following results. (Compiled by Sampad Patnaik; Editing by Joyjeet Das)

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