(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s;)
July 9 (Reuters) - Some U.S. stocks to watch on Tuesday:
U.S. stock index futures rose, putting the S&P 500 on pace for a fourth straight advance, after results from Alcoa buoyed optimism about the current earnings season. S&P 500 futures rose 3.9 points 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 gained 30 points, and Nasdaq 100 futures added 8 points.
** BARNES & NOBLE INC, Monday close $17.66, down 4 pct premarket
The company’s CEO William Lynch resigned on Monday, an acknowledgement that its digital division Nook has failed to compete successfully in the e-reader and tablet markets and possibly presaging a further shake-up in the company.
** TESLA MOTORS INC, Monday close $121.61, up 3.5 pct premarket
The U.S. electric car maker will replace Oracle Corp on the Nasdaq 100 stock index, Nasdaq OMX Group Inc said on Monday. Oracle said in June that it was moving its stock listing to the New York Stock Exchange from the Nasdaq.
** HEWLETT-PACKARD CO, Monday close $25.17, up 1 pct premarket
Analysts at Brean Capital upgraded the company to ”buy,“ saying that HP ”can continue to move higher through 2H13 given strengthened cash flow, cost-saving benefits and product mix.
** INTERNATIONAL BUSINESS MACHINES, $192.50, down 1.2 pct premarket
Analysts at Goldman Sachs cut their rating on the technology services company’s stock to “neutral” from “buy”, according to Theflyonthewall.com.
** KROGER CO, Monday close $36.19
** HARRIS TEETER SUPERMARKETS INC, Monday close $48.52
Grocery store operator Kroger said it would acquire Harris Teeter Supermarkets in a deal valued at $2.5 billion, including debt, to expand in the U.S. south east and mid-Atlantic states.
** BLACKBERRY, Monday close $9.55, up 1 pct premarket
The Canadian smartphone maker will likely face tough questions about its future at its annual meeting today after dismal quarterly results triggered a 28 percent plunge in the company’s share price.
** FREEPORT MCMORAN COPPER AND GOLD INC, Monday close $27.46
The company received Indonesian government permission on Tuesday to resume underground operations at the world’s second-biggest copper mine, nearly two months after a tunnel cave-in that killed 28 people.
** INTUITIVE SURGICAL INC, Monday close $500.08, down 14.5 pct premarket
The maker of the da Vinci surgical robot said on Monday it expects second-quarter revenue below analysts’ expectations.
** WD-40 CO, Monday close $57.65, up 15 pct premarket
The lubricant maker reported third-quarter results that beat analysts’ expectations as demand for its multi-purpose maintenance products, including 3-In-One, Blue Works and its namesake brands, rose.
The company also raised its full-year profit outlook to between $2.40 and $2.48 per share from its earlier forecast of $2.32 to $2.42 per share.
** ALCOA INC, Monday close $7.92, up 1.39 pct premarket
The largest U.S. aluminum producer still sees global demand for aluminum products growing 7 percent this year. Excluding the impact of restructuring costs and costs tied to a racketeering and fraud probe, the company reported second-quarter earnings of $76 million, or 7 cents per share. Analysts had expected earnings of 6 cents, according to Thomson Reuters I/B/E/S.
Quarterly revenue fell 2 percent to $5.85 billion, but still topped analysts’ expectations of $5.83 billion.
** AMARIN CORPORATION PLC, Monday close $6.17, down 9 pct premarket
The drugmaker said on Monday that it is offering 21.7 American Depositary Shares in an underwritten public offering.
Oppenheimer & Co analyst Akiva Felt said he expects the company to use the money to market its heart drug, Vascepa, to a wider population, if approved for an additional indication.
** AT&T INC, Monday close $35.58
** DirecTV, Monday close $63.46
** KKR & CO LLP, Monday close $19.94, up 1.5 pct aftermarket
A partnership of AT&T and Chernin Group is among the three suitors who have bid over $1 billion for streaming video site Hulu, the Wall Street Journal reported, citing people familiar with the matter. (link.reuters.com/pyb59t)
The three highest bidders also include DirecTV and Guggenheim Digital Media which is jointly bidding with private equity firm KKR, the Journal said.
** RAYTHEON CO, Monday close $66.84
** NORTHROP GRUMMAN CORP, Monday close $85.09 Raytheon on Monday beat out incumbent Northrop Grumman and others to win a $279 million deal to develop a new electronic jammer for the U.S. Navy, a deal analysts said could eventually be worth billions of dollars.
** IXIA, Monday close $17.74
The provider of testing products to telecom operators estimated second-quarter revenue below Wall Street expectations due to lower demand from network equipment manufacturers and some service providers. The company also said some large deals were pushed into future quarters.
Ixia estimated second-quarter revenue of $114 million to $116 million, below the $120.1 million analysts were expecting, according to Thomson Reuters I/B/E/S.
Brokerage Deutsche Bank downgraded the company’s stock to ”hold“ from buy” on Tuesday, according to Theflyonthewall.com. (Compiled by Lehar Maan; Editing by Sriraj Kalluvila)