May 7, 2014 / 1:23 PM / 3 years ago

MARKET PULSE-Whole Foods, Mondelez, Aegerion, Electronic Arts, Trimble

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures rose on Wednesday following the biggest drop in the S&P 500 since mid-April, as earnings season began to wind down and ahead of congressional testimony from Federal Reserve Chair Janet Yellen. Dow Jones industrial average futures were up 0.29 percent at 16,407, S&P 500 futures were up 0.11 percent at 1,866.4 and Nasdaq 100 futures were up 0.29 percent at 3,561.25.

** WHOLE FOODS MARKET INC, Tuesday close $47.95, -18.04 pct premarket

The company cut its 2014 same-store sales and earnings forecast for the third time amid rising competition in the natural and organic grocery sector that it dominates.

** CORCEPT THERAPEUTICS INC, Tuesday close $4.02, -50.25 pct premarket

The company said it would stop a late-stage trial of its drug for depression after an interim analysis suggested the study was unlikely to be successful.

** MONDELEZ INTERNATIONAL INC, Tuesday close $35.22, +7.55 pct premarket

Mondelez and Dutch coffee and tea company D.E Master Blenders 1753 BV said on Wednesday they would combine their coffee businesses, as the U.S. company focuses on snacks such as Cadbury chocolate and Oreo cookies.

** GNC HOLDINGS INC, $43.65, -10.08 pct premarket

The health supplements retailer on Tuesday reported first-quarter results that fell short of analysts’ estimates as extreme cold weather in parts of the United States hit same-store sales.

The company also cut its earnings forecast for the year.

** COGNIZANT TECHNOLOGY SOLUTIONS CORP, Tuesday close $49.2, -4.67 pct premarket

The technology outsourcing company forecast revenue of $2.50 billion to $2.53 billion for the second quarter, slightly below the average analyst estimate of $2.54 billion.

** ELECTRONIC ARTS INC, Tuesday close $28.05, +14.87 pct premarket

** ACTIVISION BLIZZARD INC, Tuesday close $19.31, +3.57 pct premarket

The two video game publishers posted quarterly profit and revenue that beat expectations on Tuesday, sparking a rally in their shares

** TRIMBLE NAVIGATION LTD, Tuesday close $38.17, -10.92 pct premarket

The navigation software maker quarterly profit missed analysts’ expectations as a severe winter in North America hurt sales of its agriculture-related products.

** FIREEYE INC, Tuesday close $37.13, -14.71 pct premarket

The cybersecurity company forecast a bigger loss this year as it spends more on developing new products.

** J.C. PENNEY CO INC, Tuesday close $8.09, +4.08 pct premarket

UBS upgraded the stock of the department store operator to “neutral” from “sell”.

** WALT DISNEY CO, Tuesday close $81.03, +0.94 pct premarket

The media company reported a higher profit that beat Wall Street expectations for the quarter ended in March, boosted by the continued strength of its blockbuster animated film “Frozen.”

** PFIZER INC, Tuesday close $29.43, -0.54 pct premarket

Britain could use its public interest powers to intervene in U.S. drugmaker Pfizer’s $106 billion takeover bid for British pharmaceutical company AstraZeneca, Business Secretary Vince Cable said.

Separately, Pfizer sought to allay fears that its proposed takeover of AstraZenecawould deal a blow to drug research, saying the new company would bolster innovative science and speed the development of new treatments.

** HSBC HOLDINGS PLC, Tuesday close $51.25, -1.31 pct premarket

The bank’s first quarter profits fell 20 percent from a year ago to $6.8 billion as revenue dipped at its investment bank, while last year’s earnings were swelled by asset sales.

** KING DIGITAL ENTERTAINMENT PLC, Tuesday close $18.76, +2.13 pct premarket

The maker of the popular mobile game “Candy Crush Saga”, reported better-than-expected first-quarter results, helped by higher gross bookings for its hit puzzle game “Farm Heroes Saga”.

** TIM HORTONS, Tuesday close $54.85

Canada’s biggest coffee and doughnut chain reported results that fell short of analysts’ expectations, with fewer customers frequenting established stores.

** CHESAPEAKE ENERGY CORP, Tuesday close $28.35, +3.67 pct premarket

The second largest U.S. producer of natural gas reported a sharply higher quarterly profit on Wednesday, helped by higher prices.

** ENCANA CORP, Tuesday close $22.58, +3.67 pct premarket

Canada’s largest natural gas producer said it would buy $3.1 billion of assets in the oil-rich Eagle Ford shale basin in south Texas from Freeport-McMoRan Copper & Gold Inc FCX.N.

** MARATHON OIL CORP, Tuesday close $36.19, +0.83 pct premarket

The company’s first-quarter profit easily beat Wall Street’s expectations on Tuesday, helped by asset sales and a jump in North American shale production.

** TRIPADVISOR INC, Tuesday close $81.37, +3.11 pct premarket

The travel review website raised its 2014 growth forecast for referral revenue after reporting a 9 percent rise in quarterly profit, helped by increased revenue from referrals and display advertisements.

** FIRST SOLAR INC, Tuesday close $67.45, +1.88 pct premarket

The company increased its full-year earnings forecast as its quarterly profit nearly doubled, helped by higher sales and a fall in operating expenses.

** ALLSTATE CORP, Tuesday close $56.57, +0.41 pct premarket

The largest listed U.S. home and auto insurer reported a better-than-expected quarterly profit as it earned higher insurance premiums across its businesses.

** CENTRAL EUROPEAN MEDIA ENTERPRISES, Tuesday close $2.68, +6.34 pct premarket

The broadcaster narrowed its loss in the first quarter, boosted by higher revenue after advertisers in its biggest market the Czech Republic returned following a price reduction.

** HYDROGENICS CORP, Tuesday close $21.44, -4.62 pct premarket

The Canadian fuel cell maker reported a bigger first-quarter loss, hurt by higher expenses and lower sales.

** DEVON ENERGY CORP, Tuesday close $70.19, +1.15 pct premarket

** CIMAREX ENERGY CO, Tuesday close $120, +7.50 pct premarket

Devon Energy said on Tuesday it acquired 50,000 acres and some production in the Cana-Woodford Shale in Oklahoma for $249 million in cash from Cimarex Energy.

** TD AMERITRADE HOLDING CORP, Tuesday close $30.95, -1.91 pct premarket

** CHARLES SCHWAB CORP, Tuesday close $25.88, -1.28 pct premarket

** E*TRADE FINANCIAL CORP, Tuesday close $21.57, -1.85 pct premarket

The U.S. Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers’ orders are routed, executed and filled, according to several people familiar with the matter.

** AEGERION PHARMACEUTICALS INC, Tuesday close $44.16, -16.76 pct premarket

The company reported a wider-than-expected quarterly loss, hurt by an ongoing anti-corruption investigation in Brazil that impacted sales of its cholesterol-lowering drug, Juxtapid.

It also lowered its full-year net product sales outlook.

Deutsche Bank, which lowered its price target on the company’s stock to $70 from $115, said it would take “a couple of good quarters to turn investor sentiment back to positive”.

At least 4 other brokerages cut their price targets on the Aegerion stock.

** JIVE SOFTWARE INC, Tuesday close $7.37, +6.5 pct after market

The social media software maker reported a smaller-than-expected first-quarter loss on Tuesday and forecast higher revenue and a smaller loss for 2014.

** VITAMIN SHOPPE INC, $44.98, +4.49 pct premarket

The nutritional products retailer reported better-than-expected first-quarter sales, driven by a 3.6 percent rise in total comparable store sales.

** SABRA HEALTH CARE REIT INC, Tuesday close $29.61, -2.90 pct premarket

The company said its common stock offering of 7 million shares is priced at $28.35 per share, a discount of 4 percent to the stock’s closing on Tuesday.

Sabra intends to use part of the net proceeds from the offering to fund potential acquisitions and repay certain outstanding debt.

** NAM TAI PROPERTY INC, Tuesday close $6.71

The Chinese property developer said it would buy back up to $40 million in stock at prevailing market prices. The repurchase program is expected to end around Nov. 30.

** CENTRAL EUROPEAN MEDIA ENTERPRISES, Tuesday close $2.68, +6.34 pct premarket

The broadcaster narrowed its loss in the first quarter, boosted by higher revenue after advertisers in its biggest market the Czech Republic returned following a price reduction.

** CANADIAN SOLAR INC, Tuesday close $26.99, +6.26 pct premarket

The solar company estimated higher module shipments for the first quarter on Wednesday. The company now expects to ship 490-500 megawatts, up from its previous forecast of 470-490 MW. Canadian Solar is scheduled to report first quarter results on May 16.

** HEWLETT-PACKARD CO, Tuesday close $32.13

The company said it plans to invest more than $1 billion over the next two years to develop and offer cloud-computing products and services.

** B/E AEROSPACE, Tuesday close $97.98

The company, which made a surprise announcement of reviewing strategic alternatives on Sunday, is actively engaging in early stage conversations with potential buyers but is not in advanced talks with any company, according to people familiar with the matter.

** HUMANA INC, Tuesday close $109.79, +0.30 pct premarket

The managed care company said it expects to add more customers to its Medicare Advantage plans in 2014 despite government cuts to funding and that its individual business will grow through new Obamacare plans.

** COMMUNITY HEALTH SYSTEMS INC, Tuesday close $39.42, +1.85 pct premarket

The hospital operator reported a first-quarter net loss on Tuesday, reflecting the costs of acquiring smaller rival Health Management Associates.

** TALISMAN ENERGY INC, Tuesday close $10.21, +2.15 pct premarket

Canada’s No.5 independent oil and gas producer posted a first-quarter profit, compared with a year-earlier loss, as oil and natural gas liquids production in North America soared 45 percent.

** HARLEY-DAVIDSON INC, Tuesday close $73.03

The motorcycle maker said on Tuesday it has hired a former General Motors Co engineer who oversaw an internal investigation of the defective ignition switch linked to at least 13 deaths.

** RADIAN GROUP INC, Tuesday close $14.05, +2.56 pct premarket

The biggest U.S. private mortgage insurer said it would buy loan review firm Clayton Holdings LLC for $305 million to boost its presence in the industry.

** DUKE ENERGY CORP, Tuesday close $73.07

The largest U.S. power company by market value, reported a better-than-expected adjusted profit for the second straight quarter as a particularly harsh winter boosted power demand.

** ENBRIDGE INC, Tuesday close $48.67

Canada’s largest pipeline company reported a 56 percent rise in quarterly profit, helped by higher volumes on its regional oil sands system, and the company said it was on track to meet its full-year adjusted profit forecast.

** IAMGOLD CORP, Tuesday close $3.51, +0.57 pct premarket

The Canadian gold miner reported a better-than-expected first-quarter profit on Tuesday due to lower exploration expenses and tax expenses.

** CIMAREX ENERGY CO, Tuesday close $120; up 2.5 pct after market

Four analysts have raised their price target on the oil and gas explorer’s stock after the company reported a better-than-expected first-quarter profit on Tuesday, boosted by a rise in production and higher prices.

Cimarex also raised its second-quarter production guidance.

Analysts at BMO Capital Markets, Morgan Stanley, Raymond James and Topeka Capital Markets raised their price target on Cimarex’s stock. (Compiled by Natalie Grover; Edited by Maju Samuel)

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