MARKET PULSE-Apple, Facebook, Deere, Macy's, Steinway, The Medicines Co

Wed Aug 14, 2013 9:13am EDT
 
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(For more market insights, including options activity, click on STXNEWS/US; for The Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/kek42v)

Aug 14 (Reuters) - Some U.S. stocks to watch on Wednesday:

FUTURES POINT TO SLIGHT LOSSES AT THE OPEN

U.S. stock index futures pointed to slight losses at the open as investors found few reasons to make big bets with equities near all-time highs and little clarity over Federal Reserve policy.

S&P 500 futures fell 2.1 points and were below 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 fell 20 points and Nasdaq 100 futures lost 3.75 points.

** APPLE INC, Tuesday close $489.57, up 1.4 pct premarket

Activist investor Carl Icahn said he has amassed a "large position" in the technology company and believes the stock could be worth as much as $700 if Chief Executive Tim Cook pushed for a larger stock buyback.

The surprise revelation from the billionaire activist caused a stir on Wall Street and pushed Apple's stock almost 5 percent higher to close at a 7-month high of $489.57 on the Nasdaq on Tuesday.   Continued...