December 3, 2012 / 4:13 PM / 5 years ago

MARKET PULSE-Cleantech, LDK Solar, QLogic, Supervalu, Bankrate

5 Min Read

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)

** Wall St Up on China, but u.s. Factory Data Pares Gains

The S&P 500 edged up to rise for a fourth straight day as upbeat Chinese data lifted sentiment, but weak U.S. factory numbers cut into gains. The Dow Jones industrial average was down 0.08 percent, the S&P 500 Index was up 0.06 percent and the Nasdaq Composite was up 0.21 percent.

** CLEANTECH SOLUTIONS INTERNATIONAL INC, $4.77, up 19 pct (1050 ET)

The company, which makes metal components for the clean energy industry, said its Chief Executive Jianhua Wu and his wife had agreed to spend $612,903 to buy nearly 6 percent of Cleantech's outstanding stock at $3.88 per share.

** LDK SOLAR CO LTD, $1.06, down 10 pct (1035 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.

** QLOGIC CORP, $8.69, down 8 percent (1047ET)

Goldman Sachs downgraded its rating on the networking products maker's stock to "sell" from "neutral", saying deteriorating macro conditions have made it "considerably tougher" for the company to meet the full-year forecast it gave in September, according to StreetInsider.com. (link.reuters.com/ham44t)

** SUPERVALU INC, $2.55, up 7 pct (1036 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, $41.0, up 7 pct (1035 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.

** TPC GROUP INC, $44.76, down 7 pct (1034 ET)

** INNOSPEC INC, $31.95, up 0.4 pct (1034 ET)

Specialty chemical maker Innospec withdrew its offer of about $745 million for TPC Group, potentially paving the way for the success of a rival bid from First Reserve Corp and SK Capital Partners for the butadiene maker.

** DELL INC, $10.25, up 6 pct (1035 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.

** BANKRATE INC $11.29, down 6 pct (1034 ET)

Canaccord Genuity cut its rating on the company's stock to "hold" from "buy".

** HEALTH MANAGEMENT ASSOCIATES INC, $7.47, down 6 pct (1032 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.

** GREEN MOUNTAIN COFFEE ROASTERS INC, $38, up 4 pct (1033 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, $17.6, up 3 pct (1033 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.

** MCMORAN EXPLORATION CO, $8.33, down 2 pct (1015 ET)

The oil and gas explorer, which has been suffering delays at its Davy Jones deep gas prospect off the Louisiana coast, said its operations to stimulate its Davy Jones No. 1 well with barite had limited success. The company said last Monday that it was starting to inject a barite solvent to clean out perforations to achieve a key test at the well.

** NEWMONT MINING CORP, $46.03, down 2 pct (1031 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. (Compiled by Maria Ajit Thomas in Bangalore)

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