July 9 (Reuters) - Some U.S. stocks on the move on Tuesday:
U.S. stocks opened higher in a broad advance, putting the S&P 500 on pace for a fourth straight climb, after Alcoa’s earnings caused moderate optimism at the start of the earnings season. The Dow Jones industrial average gained 0.46 percent, the Standard & Poor’s 500 Index rose 0.51 percent and the Nasdaq Composite Index added 0.24 percent.
** BARNES & NOBLE INC, $18.26, up 3.39 pct (0945 ET)
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, $124.55, up 2.38 pct (0931 ET)
The U.S. electric car maker will replbks.n
ace 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.
** KROGER CO, $37.12, up 2.5 pct (1031 ET)
** HARRIS TEETER SUPERMARKETS INC, $49.35, up 2 pct (1032 ET)
Kroger, the biggest U.S. supermarket operator, said it would buy Harris Teeter Supermarkets Inc in a $2.5 billion deal that will boost its presence in the southeast and mid-Atlantic regions of the United States.
** BLACKBERRY, $9.63, up 1 pct (0944 ET)
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.
** HEWLETT-PACKARD CO, $25.48, up 1.2 pct (0933 ET)
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, $192.30, down 2 pct (1032 ET)
Analysts at Goldman Sachs cut their rating on the technology services company’s stock to “neutral” from “buy”, according to Theflyonthewall.com.
** CYTRX CORP, $2.76, up 25 pct (1035 ET)
The cancer drug developer said its experimental drug aldoxorubicin was found effective in shrinking fast-growing brain cancer tumors in animals.
** IXIA, $13.99, down 21 pct (0936 ET)
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.
** INTUITIVE SURGICAL INC, $412.75, down 17 pct (1035 ET)
The maker of the da Vinci surgical robot said on Monday it expects second-quarter revenue below analysts’ expectations.
At least three brokerages cut their ratings on Intuitive’s stock on Tuesday.
** FX ENERGY INC, $2.98, down 13 pct (0935 ET)
The U.S. oil and gas company said a test of its Plawce-2 well in Poland resulted in water and non-commercial levels of natural gas. FX Energy said the results were “disappointing”. PGNiG SA, the Polish national oil and gas company, is the operator of the Fences area in western Poland’s Permian basin, where the well is located.
** SYNCHRONOSS TECHNOLOGIES INC, $27.70, down 8 pct (1014 ET)
Goldman Sachs analysts downgraded the phone billing software maker to “sell” from “neutral”, according to Theflyonthewall.com.
** AMARIN CORPORATION PLC, $5.74, down 7 pct (0938 ET)
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.
** WD-40 CO, $61.27, up 6 pct (1036 ET)
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.
** HI-TECH PHARMACAL CO INC, $31.64, down 5.63 pct (0940 ET)
The specialty pharmaceutical company reported fourth-quarter results that missed analysts estimates due to declining prices of its Fluticasone nasal spray.
** AMERIGAS PARTNERS LP, $47.14, down 5.36 pct (0941 ET)
The propane gas distributor said late on Monday that an affiliate of Energy Transfer Partners LP has begun a public offering of 6 million AmeriGas shares it owns.
AmeriGas bought Energy Transfer Partners’s propane business for $2.8 billion in October 2011.
** FREESCALE SEMICONDUCTOR LTD, $14.47, up 5.4 pct (1002 ET)
Piper Jaffrey analysts raised their rating on the chipmaker’s stock to “overweight” from “neutral,” saying that the company is “likely” seeing a pick up in its networking, radio frequency and automotive businesses.
The brokerage raised its price target on the stock by $3 to $18.
** YY INC, $30, up 5.3 pct (1017 ET)
Piper Jaffray analysts raised their rating on the social media platform's stock to "overweight" from "neutral", saying the company's monetization of its mobile and education verticals and its partnership with Hunan Satellite will boost revenue and profitability, according to Benzinga. (link.reuters.com/wyf59t)
** QUEST DIAGNOSTICS INC, $58.62, down 4 pct (1015 ET)
Analysts at Morgan Stanley downgraded their rating on the laboratory tests provider to “underweight” from “equal weight”, according to Theflyonthewall.com
** INTERNATIONAL RECTIFIER, $22.07, up 3.7 pct (0939 ET)
Analysts at Raymond James upgraded the power management products maker to “strong buy” from “market perform,” saying they expect improvement in the company’s earnings per share over the next eighteen months to come from “margin leverage from better fab utilization”.
The analysts said the company has been seeing decent orders and expects steady orders to drive greater-than-expected margin leverage.
** WOLVERINE WORLD WIDE INC, $57.01, up 3 pct (1036 ET)
The shoemaker reported second-quarter profit that beat market estimates as it benefited from the recently acquired Sperry Top-Sider, Saucony, Stride Rite and Keds brands. The company raised its full-year adjusted profit outlook to between $2.60 and $2.75 per share from $2.50 to $2.65 per share.
** PANDORA MEDIA INC, $19.84, down 3.3 pct (0955 ET)
The Internet radio company’s rival Sirius XM Radio Inc raised its subscriber expectations for the year, helped by strong auto sales.
Pandora is also making a push to make its online streaming service more easily available in automobiles.
** DANAHER CORP, $66.19, up 2.83 pct (0941 ET)
The industrial and healthcare conglomerate said it expects second-quarter profit to be slightly above its previous forecast of between 80 and 85 cents per share. Analysts on average were expecting earnings of 84 cents per share, according to Thomson Reuters I/B/E/S. Danaher will report second-quarter results on July 18.
** APPLIED MATERIALS, $15.50, up 2.3 pct (0942 ET)
The maker of equipment used to manufacture chips said on Monday said it expects adjusted earnings per share of $1.50 to $2.15 by fiscal 2016.
The company earned 75 cents per share, excluding items, in 2012.
** WORLD FUEL SERVICES CORP, $37.99, down 2.89 pct (1011 ET)
The company said on Monday crude oil sold by one of its subsidiaries was being carried by railcars involved in the deadly train derailment in Lac-Megantic, Quebec over the weekend. Shares in World Fuel Services fell 5.8 percent on Monday, the biggest daily percentage decline since Feb. 22, according to Reuters data.
** HOME PROPERTIES INC, $64.24, down 2 pct (1015 ET)
The real estate investment trust priced its public offering of 3.9 million shares at $63 per share on Tuesday, a discount of 4 percent to the stock’s Monday’s closing.
** SIRIUS XM RADIO INC, $3.54, up 1.86 pct (0942 ET)
The company said the number of people paying for its radio service rose to 25 million in the second quarter, helped by strong auto sales, and it raised its subscriber expectations for the year. For the year, Sirius increased its forecast of net subscriber additions by 100,000 to 1.5 million. (Compiled by Lehar Maan; Editing by Sriraj Kalluvila)