10 Min Read
July 10 (Reuters) - Some U.S. stocks to watch on Wednesday:
U.S. stocks were set to open little changed, following weaker-than-expected data from China and as investors awaited the release of minutes from the Federal Reserve's June meeting. S&P 500 futures were up 0.1 point, Dow Jones industrial average futures were up 15 points, and Nasdaq 100 futures were up 1 point.
** BLACKBERRY, Tuesday close $9.63, up 1.4 pct premarket
The Canadian smartphone maker signaled on Tuesday that a licensing deal, or even an outright sale of the company, was still a possibility, pleasing shareholders still reeling from the disappointing debut for its new line of smartphones. [ID: nL1N0FF0ZO]
** PERION NETWORK LTD, $12.82, up 6 pct premarket
Israel's Conduit, which makes toolbars for websites, is in talks to buy the digital media company for $200 million, Bloomberg said, quoting TheMarker business newspaper. (link.reuters.com/dan59t)
** KAYNE ANDERSON MLP INVESTMENT CO, Tuesday close $37.61, down 5.2 pct premarket
The investment company priced its enlarged public offering of 6.2 million shares at $36 per share, a 4 percent discount to Tuesday's close. The company was previously expected to sell 5.8 million shares. Kayne's outstanding shares were 93.3 million as of May 6.
** CLIFFS NATURAL RESOURCES INC, Tuesday close $16.39, up 5 pct premarket
BB&T Capital Markets upgraded the iron ore and coal miner's stock to "buy" from "hold", citing an increase in second-quarter iron ore shipments from the first quarter and higher iron ore prices later this year as the largest consumer China restocks. The company said on Tuesday Chief Executive Joseph Carrabba plans to retire by end of this year. "While it remains to be seen who will lead the company going forward, the new chairman and management team could implement positive changes," BB&T analysts said.
** CELLDEX THERAPEUTICS INC, $19.93 Tuesday close, up 4 pct premarket
The biotechnology company said it received a U.S. patent related to the use of certain signaling molecules, called agonists, that target a potentially important receptor for immunotherapy of various cancers. The molecules are being used in Celldex's experimental cancer drug that is in early-stage trials.
** ADTRAN INC, $26.25, up 4.5 pct premarket
The network gear maker reported better-then-expected second-quarter results due to growth in its inter-networking and broadband access products.
** FAMILY DOLLAR STORES INC, Tuesday close $63.95, up 3 pct premarket
The discount retailer posted a better-than-expected quarterly profit as sales at stores open for more than a year rose 3 percent, and forecast full-year same-store sales to rise 3 to 4 percent.
** NABORS INDUSTRIES LTD, Tuesday close $16, down 5 pct premarket
Barclays Capital and Guggenheim Securities cut their price targets on Nabor's stock by about 6 percent after the owner of the world's largest land-drilling rig fleet warned on Tuesday that its second-quarter operating profit would fall short of market expectations due to competition and reduced rental activity.
** WALTER ENERGY INC, Tuesday close $11.41, up 5 pct premarket
Raymond James raised its rating on the coal miner's stock to "market perform" from "underperform", according to financial news website theflyonthewall.com
** ZYNGA INC, Tuesday close $3.34, up 2 pct premarket
The social game developer is set to unveil its new real-money gambling apps on Wednesday in partnership with Facebook Inc, according to seekingalpha.com. (link.reuters.com/can59t)
** MSC INDUSTRIAL DIRECT CO INC Tuesday close $79.91, down 2 pct premarket
The industrial products distributor forecast fourth-quarter profit of 87-91 cents per share, below analysts' expectations of $1.01. MSC Industrial, which distributes fasteners, metalworking tools and measuring instruments, also expects revenue of $661 million-$673 million, below analysts' expectations of $687.7 million.
** HEWLETT-PACKARD CO, $25.5 Tuesday close, up 3 pct premarket
Citi Investment Research upgraded the computer maker's stock to "buy" from "sell" and raised its price target to $32 from $16, according to Streetinsider.com. (r.reuters.com/tym59t)
** GOOGLE INC, Tuesday close $905.23
** MICROSOFT CORP, Tuesday close $34.35
Microsoft said hackers have attacked some computers by exploiting a bug in Windows first disclosed two months ago by a Google Inc researcher, who came under fire at the time for publicizing the flaw without going to the software company first.
** AMERICAN INTERNATIONAL GROUP INC , Tuesday close $45.78
** GENERAL ELECTRIC CO, Tuesday close $23.62
The U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight. [ID: nL1N0FF1VW]
** SMITHFIELD FOODS INC, Tuesday close $32.86
Chinese plans to buy America's Smithfield Foods - the world's biggest pork producer - will face intense scrutiny on Wednesday when U.S. senators question Smithfield's chief executive about food safety and foreign ownership.
** TW TELECOM INC, Tuesday close $29.99, down 2.6 pct premarket
RBC Capital Markets downgraded the telecommunications company's stock to "sector perform" from "outperform", citing slower revenue growth and pressure on margins. RBC cut its price target to $30 from $31.
** CHEVRON CORP, Tuesday close $123.27
The second-largest U.S. oil company is expected to give an update on how its operations fared in the second quarter, when its long-delayed Angola LNG plant started up and its Richmond refinery returned to full production after a fire last August.
** T-MOBILE US INC, Tuesday close $24.09
The No. 4 U.S. mobile operator, hosts an event in New York to showcase its "boldest moves yet" regarding a strategy which so far has focused on the elimination of service contracts and having consumers pay for their phones in installments. It is the first big press event following its merger with MetroPCS.
** HELEN OF TROY LTD, Tuesday close $42, up 3 pct after market
The consumer products maker posted quarterly results that beat analyst expectations, helped by higher demand for its healthcare and home environment products.
** NU SKIN ENTERPRISES INC, Tuesday close $66.57, up 11.5 pct premarket
** HERBALIFE LTD, Tuesday close $48.9, up 2.7 pct premarket
Personal-care products maker Nu Skin said its second-quarter results would exceed its own forecast. It estimated earnings of about $1.20 per share and revenue of about $680 million. It had earlier forecast earnings of 91-95 cents per share on revenue of $570 million-$580 million. The company, which sells nutritional supplements under its namesake and Pharmanex brands, also raised its full-year profit and revenue outlook.
Shares of peer Herbalife also rose on the news.
** OPENTABLE INC, Tuesday close $67.90, down 4 pct premarket
Citi started the online restaurant booking service's stock with a "sell" rating, saying revenue growth is likely to decelerate to 10-15 percent from the recent 15-20 percent over two-three years, Streetinsider.com reported late on Tuesday. (link.reuters.com/mem59t)
** LSB INDUSTRIES INC Tuesday close $32.02, down 6 pct premarket
The company, which makes chemical products for the mining, agricultural and industrial markets, said it expects second-quarter profit between 20 cents and 30 cents per share. Analysts on average had expected 83 cents per share, according to Thomson Reuters I/B/E/S. LSB also estimated its operating income to be hit by about $22 million to $24 million due to lower production at its Pryor and Cherokee manufacturing units and the late start of the agricultural season.
** FLY LEASING LTD Tuesday's close $17.29, down 5.7 pct premarket
The Dublin-based aircraft lessor said late on Tuesday it intends to sell up to $160 million of its common shares in ADS in an underwritten public offering. The company has a market value of about $486 million.
**HARRIS TEETER SUPERMARKET, Tuesday close $49.26
**KROGER CO, Tuesday close $37.15
Kroger, the biggest U.S. supermarket operator, said on Tuesday it would buy regional grocer Harris Teeter Supermarkets in a $2.5 billion deal, the latest in a string of grocery industry consolidations.
** NEWS CORP, Tuesday close $15.71,
** COMCAST CORP, Tuesday close $42.67
NBCUniversal, cable giant Comcast's Hollywood unit, has signed Thomas Tull, luring the producer behind big budget blockbusters such as "The Dark Knight" and "Man of Steel" away from Warner Brothers and beating out other studios including Sony and 20th Century Fox.
** YUM BRANDS INC, Tuesday close $73
The biggest western restaurant operator in China issues its report card on June sales for that market - its biggest for sales and profit. Yum has been struggling to recover from a food safety scare and an outbreak of avian flu, both of which hurt demand for chicken. Yum also reports second-quarter results. (Compiled by; Editing by)