July 9, 2013 / 7:19 PM / 4 years ago

MARKET PULSE-Health Management, Kroger, FedEx, Sodastream

13 Min Read

(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/guf59t)

July 9 (Reuters) - Some U.S. stocks on the move on Tuesday:

Wall St on Track for Fourth Day of Gains

U.S. stocks rose, carrying the S&P 500 closer to all-time highs and putting it on track for a fourth straight advance as earnings season got under way. The Dow Jones industrial average was up 0.40 percent, the Standard & Poor's 500 Index gained 0.58 percent and the Nasdaq Composite Index was up 0.40 percent.

** HEALTH MANAGEMENT ASSOCIATES INC, $16.64, up 7 pct (1459 ET)

The hospital operator has attracted takeover interest from Community Health Systems Inc and other rivals, three people familiar with the matter said on Tuesday.

** BARNES & NOBLE INC, $18.63, up 5.4 pct (1314 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, $124.95, up 2.7 pct (1314 ET)

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.

** KROGER CO, $37.14, up 2.6 pct (1314 ET)

** HARRIS TEETER SUPERMARKETS INC, $49.33, up 1.6 pct (1315 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, $9.76, up 2 pct (1315 ET)

The Canadian smartphone maker is on the right path for a turnaround despite the disappointing debut of its make-or-break line of smartphones, its CEO insisted, allowing that the company remains open to any options that would create value for its investors.

** DOLAN CO, $2.32, up 31 pct (1316 ET)

The business software maker sold two of its legal support service businesses for about $17.5 million.

** CYTRX CORP, $2.75, up 25 pct (1316 ET)

The cancer drug developer said its experimental drug aldoxorubicin was found effective in shrinking fast-growing brain cancer tumors in animals.

** FEDEX CORP, $105.86, up 7.1 pct (1414 ET)

Shares of the company rose on speculation that billionaire investor William Ackman would make a big investment in the world's No.2 package delivery company.

** IXIA, $14.34, down 19 pct (1317 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, $408.80, down 18.45 pct (1317 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.

** PRESTIGE BRANDS HOLDINGS INC, $33.65, up 11 pct (1348 ET)

The maker of healthcare, personal care and household products said it acquired Care Pharmaceuticals Pty Ltd, an Australia-based marketer and distributor of over-the-counter healthcare brands.

The company said the acquisition of the privately held company is expected to add to earnings per share for fiscal year 2014.

** CANADIAN SOLAR INC, $11.08, down 10 pct (1109 ET)

In testimony during a hearing at the U.S. Securities and Exchange Commission, an SEC official alleged that accounting firm Deloitte Touche Tohmatsu LLP's failure to turn over audit records has stalled a three-year-old probe into financial fraud at a large solar power company.

Much of the questioning in Monday's hearing focused specifically on Deloitte's audit work for the solar power company, which is referred to in the SEC's complaint as "Client A." But exhibits displayed in the courtroom revealed Client A's identity as Canadian Solar.

** D.R. HORTON INC, $21.13, up 7 pct (1318 ET)

** PULTEGROUP INC, $19.12, up 5.8 pct (1318 ET)

** TOLL BROTHERS INC, $32.64, up 5 pct (1319 ET)

** LENNAR CORP, $34.62, up 4.75 pct (1319 ET)

** KB HOME, $18.81, up 6.3 pct (1320 ET)

The pace of hiring by U.S. employers increased in May, the Labor department said on Tuesday in a report that gave a positive sign for the American job market. The report also showed that job openings, a measure of labor demand, increased marginally to a seasonally adjusted 3.828 million in May from a revised 3.8 million in April.

** FX ENERGY INC, $2.95, down 14 pct (1320 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.

** ORAMED PHARMACEUTICALS INC, $7.42, down 11.56 pct (1321 ET)

The maker of oral drug delivery systems said on Monday that it dosed the first patient in its mid-stage study with ORMD-0801, Oramed's orally ingestible insulin capsule being tested for type 2 diabetes.

** SYNCHRONOSS TECHNOLOGIES INC, $27.19, down 10 pct (1322 ET)

Goldman Sachs analysts downgraded the phone billing software maker to "sell" from "neutral", according to Theflyonthewall.com.

** FREESCALE SEMICONDUCTOR LTD, $15.16, up 10 pct (1326 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.

** ALASKA AIR GROUP INC, $56.83, up 9 pct (1321 ET)

The U.S. airline said on Tuesday it expects an increase in baggage and change fee to boost its annual revenue by $50 million. Alaska Air reported revenue of $4.66 billion in 2012.(link.reuters.com/wyd59t)

** AMARIN CORPORATION PLC, $5.64, down 8.5 pct (1323 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.

** NGL ENERGY PARTNERS LP, $29.11, down 7 pct (1325 ET)

The propane retailer said it would sell 9 million common units and grant the underwriters an option to buy up to 1.35 million additional units. The company intends to use the net proceeds to repay debt and to fund acquisitions.

** ROYAL BANK OF SCOTLAND GROUP PLC, $9.10, up 5.8 pct (1333 ET)

Analysts at Goldman Sachs raised the British bank to "buy" from "neutral", saying that any potential split of toxic assets at RBS out into a separate bad bank would help it to fund further haircuts while increasing its focus on its UK economy operations.

** AMERIGAS PARTNERS LP, $46.95, down 5.7 pct (1326 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.

** CLIFFS NATURAL RESOURCES INC, $16.76, up 5 pct (1327 ET)

The mining company declared a quarterly cash dividend of 15 cents per share, payable on Sept. 3.

** QUEST DIAGNOSTICS INC, $58.21, down 5 pct (1328 ET)

Analysts at Morgan Stanley downgraded their rating on the laboratory tests provider to "underweight" from "equal weight", according to Theflyonthewall.com

** INTERNATIONAL RECTIFIER, $22.30, up 4.79 pct (1329 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.

** SODASTREAM INTERNATIONAL, $62.33, down 4.6 pct (1327 ET)

The company, whose machines make carbonated drinks from tap water, has seen little interest from buyers after it began looking to sell itself three months ago, the New York Post reported. (link.reuters.com/hug59t)

** YY INC, $29.66, up 4 pct (1327 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)

** PANDORA MEDIA INC, $19.65, down 4 pct (1329 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.

** APPLIED MATERIALS, $15.63, up 3.1 pct (1331 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.

** SIRIUS XM RADIO INC, $3.58, up 3 pct (1332 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.

** ALLEGHENY TECHNOLOGIES INC, $27.30, up 3.7 pct (1315 ET)

The metals producer said it intends to offer a series of senior notes. The company plans to use net proceeds from the offering for general purposes, which includes repurchases, repayment of debt or for acquisitions.

** WD-40 CO, $59.50, up 3 pct (1323 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, $34.42, up 2.65 pct (1324 ET)

The specialty pharmaceutical company reported fourth-quarter results that missed analysts estimates due to declining prices of its Fluticasone nasal spray.

** VIVUS INC, $12.83, up 2.4 pct (1316 ET)

The drug maker, which is under intense pressure from its top shareholder over its marketing, said it signed a deal worth up to 95 million euros ($121.5 million) with Italy's Menarini Group to introduce its erectile dysfunction drug in Europe, Australia and New Zealand.

** WORLD FUEL SERVICES CORP, $37.99, down 2.89 pct (1011 ET)

The company's shares fell for a second day on Tuesday after it said crude oil sold by one of its units was being carried by railcars involved in the deadly train derailment in Lac-Megantic, Quebec over the weekend.

Shares of Dakota Plains Holdings, a crude oil transportation and marketing company that has a partnership with affiliates of World Fuel, were down 16 percent at $2.12.

** DANAHER CORP, $6613, up 2.6 pct (1330 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.

** 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. (Compiled by Lehar Maan; Editing by Sriraj Kalluvila)

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