Dec 3 (Reuters) - Some U.S. stocks on the move on Monday: (For the Morning News Call newsletter, link.reuters.com/nex49s. For more market insights, including options activity, click on STXNEWS/US; for the day ahead newsletter, link.reuters.com/mex49s)
U.S. stocks pared gains and the Dow turned negative after data showed the U.S. manufacturing sector contracted in November, dropping to its lowest level since July 2009. The Dow Jones industrial average was down 0.07 percent, the Standard & Poor’s 500 Index was up 0.04 percent and the Nasdaq Composite Index was up 0.19 percent.
** SUPERVALU INC, $2.64, up 11 pct (0933 ET)
Cerberus Capital Management LP, working on an acquisition of the troubled grocer, has indicated it is willing to pursue multiple options for the company, including a deal to buy Supervalu's entire business and another to purchase its Albertsons stores, the Wall Street Journal reported. (link.reuters.com/hah44t)
** DECKERS OUTDOOR CORP, $42.39, up 11 pct (0933 ET)
Sterne, Agee & Leach Inc raised the shoe maker to “buy” from “neutral”, citing improvement in the company’s product offerings and steps taken to revitalize its UGG brand for the fall collection.
** DELL INC, $10.35, up 7 pct (0933 ET)
Goldman Sachs upgraded the No. 3 PC maker to “buy” from “sell” and raised its price target on the stock to $13 from $9, according to Streetinsider.com.
** TPC GROUP INC, $44.79, down 7 pct (0935 ET)
** INNOSPEC INC, $32.3, up 1 pct (0935 ET)
Specialty chemical maker Innospec withdrew its offer of about $745 million for TPC Group, saying it was in the best interests of its shareholders.
** LDK SOLAR CO LTD, $1.05, down 10 pct (1004 ET)
The China-based solar equipment manufacturer reported its sixth straight quarterly loss and cut its full-year revenue forecast as it expects to ship fewer solar cells and panels owing to high U.S. import duties and weak demand in top market Europe.
** GREEN MOUNTAIN COFFEE ROASTERS INC, $38, up 4 pct (0934 ET)
Lazard Capital Markets raised its price target on the Keurig brewing system-maker’s stock to $56 from $42, citing increased confidence in the company’s technological advantage.
** DEAN FOODS CO, $17.65, up 3 pct (0932 ET)
Canadian dairy products maker Saputo Inc said it had agreed to buy Dean Foods’ Morningstar dairy division for $1.45 billion to widen its manufacturing and distribution footprint and product offerings in the United States.
** HEALTH MANAGEMENT ASSOCIATES INC, $7.76, down 2 pct (0934 ET)
The company’s stock, which fell 1.5 pct on Friday, continued to suffer losses because of a “60 minutes” television segment aired on Dec. 2. The program investigated allegations made by doctors that the hospital chain pressured them to admit patients regardless of their medical needs.
CRT Capital Group analyst Sheryl Skolnick downgraded the company to “sell” from “fair value”. “There is significantly greater risk of a deeper/wider Department Of Justice/Office of Inspector General investigation and a substantially higher risk that HMA may have to pay bigger fines to settle it,” the analyst said.
** RESEARCH IN MOTION, $11.35, down 2 pct (0934 ET)
Canaccord Genuity downgraded the smartphone maker’s stock to “sell” from “hold” as its analysis does not indicate the consumer pull necessary for BlackBerry 10 to reverse the challenging trends faced by the company.
** CONN‘S INC, $27.71, down 2 pct (0934 ET)
The home appliances and electronics retailer posted quarterly results that beat Wall Street expectations, driven by higher sales of its furniture and mattress, along with improved demand for home office equipment and appliances. The company also raised its full-year outlook for the fourth time.
** NEWS CORP, $24.98, up 1 pct (0936 ET)
Rupert Murdoch’s media firm named Robert Thomson as the chief executive of its new publishing company.
** NEWMONT MINING CORP, $24.92, down 1 pct (0935 ET)
The world’s second-largest gold producer said Richard O‘Brien will step down as chief executive on March 1, and Chief Operating Officer Gary Goldberg will take over the reins.
** BANKRATE INC $11.19, down 7 pct (0956 ET)
Canaccord Genuity cut its rating on the company’s stock to “hold” from “buy”. (Compiled by Maria Ajit Thomas in Bangalore)