MARKET PULSE-Intel, eFuture, Edwards Group, Harvest Natural, Cobalt

Mon Aug 19, 2013 2:37pm EDT
 
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Aug 19 (Reuters) - Some U.S. stocks on the move on Monday:

S&P 500, DOW FLAT BUT NASDAQ RISES ON TECH STOCKS

The S&P 500 and Dow stock gauges were little changed on Monday, with investors reluctant to make new bets because the Federal Reserve is expected to begin slowing its stimulus, while the Nasdaq composite index rose on large-cap technology shares.

The Dow Jones industrial average was down 0.09 percent and the S&P 500 0.13 percent. The Nasdaq Composite was up 0.33 percent.

** INTEL CORP, $22.35, up 2 pct (1:36 p.m. ET)

Brokerage Piper Jaffray & Co upgraded the Dow component to "neutral" from "underweight" and boosted its share-price target as it expects the company's "2014 revenue to grow in the mid-single digits after two years of decline."

"We expect a modest corporate refresh cycle, driven by the end of support for Windows XP in April 2014, coupled with the release of Windows 8.1 in Q4 (fourth-quarter)," Piper Jaffray analyst, Auguste Gus Richard wrote in a note to clients.   Continued...