July 29 (Reuters) - Some U.S. stocks on the move on Monday:
U.S. stocks fell as investor sentiment turned wary before a U.S. Federal Reserve meeting later this week that could signal when the Fed will begin to temper its ultra accomodative policy. The Dow Jones Industrial Average was down 64.15 points, or 0.41 percent. The Standard & Poor's 500 Index fell 8.41 points, or 0.50 percent, and the Nasdaq Composite Index lost 17.67 points, or 0.49 percent.
** USEC INC, $26.80, up 40 pct (1225 ET)
** LIGHTBRIDGE CORP, $2.12, up 33 pct (1225 ET)
** URANIUM RESOURCE INC, $5.02, up 21 pct (1225 ET)
Stocks of nuclear fuel companies soared after the re-election of Japan's Liberal Democratic Party. The ruling party is keen to get reactors running again, with Prime Minister Shizo Abe singling out reining in soaring fuel costs as a key part of his economic reform plans.
** SYNTA PHARMACEUTICALS CORP, $6.88, up 36 pct (1253 ET)
The biopharmaceutical company said a proof-of-concept study on its drug candidate ganetespib as a treatment for breast cancer has met its goal. Preliminary data showed the study could now be expanded and taken to its next stage, the company said.
Roth Capital Partners, which raised its price target on the stock to $20 from $18, said Synta remained attractive based primarily on the promise of ganetespib in several oncology indications.
** CHANGYOU.COM LTD, $32.87, down 19.91 pct (1310 ET)
The Chinese online game developer reported lower-than-expected second-quarter revenue and forecast current-quarter results below analysts' estimates.
** PRANA BIOTECHNOLOGY , $3.78, up 15 pct (1230 ET)
The Australian company said that the first patient has been dosed in a mid-stage study testing its experimental Alzheimer's Disease drug.
** TURQUOISE HILL RESOURCES LTD, $4.64, down 13 pct (1223 ET)
The company's largest shareholder, Rio Tinto, has put on hold all work on an underground expansion of the Oyu Tolgoi copper mine in Mongolia after the government said the parliament will need to approve financing for the project, which is expected to cost more than $5 billion.
Oyu Tolgoi is 66 percent owned by Turquoise Hill unit, and 34 percent owned by the Mongolian government.
** YRC WORLDWIDE INC, $28.33, down 10 pct (1252 ET)
Credit Suisse started coverage on the stock of the transportation and logistics company with an "underperform" rating.
** HAEMONETICS CORP, $41.45, down 9 pct (1252 ET)
The company, which provides devices, information management and consulting services related to the collection and transfusion of blood, reported first-quarter revenue that missed analysts' estimates due to lower-than-expected surgical blood use and lower blood collection.
It cut its revenue forecast by two percentage points, citing weak market conditions.
** SUNTECH POWER HOLDINGS CO LTD, $1.47, up 4 pct (1251 ET)
** RENESOLA LTD, $4.54, up 6 pct (1254 ET)
** JINKOSOLAR HOLDING CO LTD, $14.01, up 9 pct (1252 ET)
** CANADIAN SOLAR INC, $14.01, up 2 pct (1254 ET)
** TRINA SOLAR LTD, $7.58, up 2 pct (1256 ET)
China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel.
EU's trade chief and his Chinese counterpart set a minimum price for panels from China near spot market prices. Under the terms of the deal, China will also be allowed to meet about half Europe's solar panel demand, if taken at last year's levels.
"The latest agreement more or less maintains the status quo for Chinese module makers," Raymond James analyst Pavel Molchanov said, adding that the deal was in line with expectations.
Chinese firms have already been bracing themselves for lower sales to Europe because the European market size is shrinking, while increasing their presence in markets like China and Japan.
** SOHU.COM INC, $62.66, down 10 pct (1256 ET)
The Chinese Internet portal reported second-quarter revenue slightly below analysts' estimates and forecast current-quarter profit below Wall Street's expectation.
** SPHERIX INC, $7.27, up 6 pct (1251 ET)
The company disclosed terms of its previously announced deal to buy seven patents in the mobile communication sector from privately-held Rockstar Consortium.
Under the terms of the agreement, Spherix paid an unspecified amount of cash up-front and issued common stock valued at $1 million.
** WET SEAL INC, $4.47, down 4 pct (1257 ET)
Brokerage B. Riley & Co downgraded the teen-apparel retailer's stock to "neutral", according to Theflyonthewall.com.
** FRANCESCA'S HOLDINGS CORP, $26.01, down 5 pct (1211 ET)
Wedbush Securities Inc cut its rating on the women's apparel retailer's stock to "neutral" from "outperform" due to lackluster mall traffic and competition as well as stagnating margins.
** INTERPUBLIC GROUP OF COS, $16.60, up 5 pct (1257 ET)
** OMNICOM GROUP, $65.60, up 1 pct (1258 ET)
Following a Bloomberg report that bigger rivals Omnicom Group and Publicis Groupe were in talks for a merger, shares of Interpublic rose on expectation the second largest U.S. advertising company would be in play.
Omnicom and Publicis announced on Sunday that they would merge in a $35.1 billion deal.
Interpublic may be considered an acquisition target by WPP , Havas or Japan-based Dentsu, Pivotal Research Group analyst Brian Wieser wrote in a note on Sunday.
** CHELSEA THERAPEUTICS INTERNATIONAL LTD, $2.96, down 4 pct (1258 ET)
Chelsea Therapeutics said the U.S. Food and Drug Administration has notified the pharmaceutical company of formatting issues in certain electronic datasets and statistical programs submitted as a part of the marketing approval application of its experimental hypotension drug, Northera.
Chelsea expects to submit the data in August. The date for a decision on the drug's approval may be delayed from the previously decided date of Jan. 3, 2014.
** NOVAVAX INC, $2.55, up 3 pct (1258 ET)
The vaccine developer reported positive results from pre-clinical studies testing its experimental vaccine against the H7N9 virus, a strain of the bird flu virus.
Novavax said the drug demonstrated 100 percent protection against wild-type A (H7N9) influenza versus zero percent survival in the control and placebo groups, when tested on mice.
The virus has caused 36 deaths, and infected 131 people in mainland China and one in Taiwan since February.
** INTUITIVE SURGICAL INC, $388.93, up 2 pct (1259 ET)
The maker of da Vinci surgical robots said it would repurchase additional $779 million of the company's outstanding common stock. Intuitive's total share repurchase amount will now be about $1.5 billion.
** INTERSIL CORP, $9.23, up 5 pct (1259 ET)
The company, which makes power management chips used in flat-panel displays and DVD players, reported better-than-expected second-quarter revenue on Friday. Intersil also said it will reduce its workforce by 150 employees.
** SAKS INC, $15.84, up 3 pct (1259 ET)
Hudson's Bay Co, operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash, including debt.
** SUMITOMO MITSUI FINANCIAL GROUP INC, $9.39, up 2 pct (1257 ET)
The bank said its quarterly net profit more than doubled as a rally in Japanese stocks pushed up the value of its equity investments and boosted profit at its brokerage unit.
** HORMEL FOODS CORP, $42.22, up 2 pct (1300 ET)
Credit Suisse upgraded the stock of the maker of Spam canned ham to "outperform" from "neutral", saying it expects significant margin expansion in the company's turkey and pork business due to lower feed and packing costs.
The brokerage also raised its price target on the stock to $46 from $39. Credit Suisse expects Hormel's Skippy peanut butter acquisition to exceed the company's own accretion targets as sales growth are seen accelerating.
** LINCOLN ELECTRIC HOLDINGS INC, $58.60, down 4 pct (1300 ET)
The maker of welding and cutting equipments reported lower-than-expected quarterly revenue, hurt by lower sales in Europe and Asia Pacific. Sales at its largest North America segment rose only marginally.
** HOLLYFRONTIER CORP, $45.37, up 2 pct (1301 ET)
Shares of the Dallas-based oil refiner are expected to rise 30 percent over the medium term as the company has access to cheaply-priced crude produced in North Dakota, West Texas, and the Rocky Mountain region, weekly business newspaper Barron's reported on Sunday.
** BARNES & NOBLE INC, $17.52, down 5 percent (1301 ET)
The top U.S. bookstore chain said it sought more time to deliver audited financial statements to lenders due to restatements in certain financial periods. (link.reuters.com/nef99t)
The company said it had to restate certain financial statements for periods prior to April 27, 2013, as it had overstated certain accruals as a result of inadequate controls over the accrual reconciliation process at its distribution centers.
** HERTZ GLOBAL HOLDINGS INC $26.21, down 3 pct (1302 ET)
The car rental company's CEO Mark Frissora said airport demand was being impacted by the sequester and by airline capacity constraints and the associated higher fares. The company's second quarter profit of 45 cents met Wall Street's estimates, according to Thomson Reuters I/B/E/S.
** WYNN RESORTS LTD, $131.09, down 0.1 pct (1303 ET)
The casino resorts operator reported a 6 percent drop in quarterly profit, hurt by a loss on early retirement of debt. The company's second-quarter results also missed Wall Street's estimates. (Compiled by Rohit T.K. in Bangalore; Editing by Sreejiraj Eluvangal)