March 11 (Reuters) - Some U.S. stocks to watch on Monday: (For more market insights, including options activity, click on STXNEWS/US; for The Day Ahead newsletter link.reuters.com/mex49s)
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.2 percent at 0846 GMT.
** GENWORTH FINANCIAL INC, Friday close $9.84, up 7 pct premarket
The mortgage insurer’s stock could almost double in the next year, boosted by gains in mortgage and health-care pricing, Barron’s said on Sunday.
** CANADIAN SOLAR INC, Friday close $3.73, down 6 pct premarket
The company reported its sixth straight quarterly loss, but forecast higher shipments for 2013 as it shifts focus to the more lucrative business of building solar power plants to offset slim margins from solar product sales.
** ELAN CORP PLC , Friday close $11.46, up 6 pct after market
The drugmaker is to bring forward a planned $1 billion share buyback to this week, the Irish company said in a statement on Friday, a move that could undermine a takeover offer by U.S. investment firm Royalty Pharma.
** GMX RESOURCES INC, Friday close $3.24
The oil and gas producer said it would suspend payment of quarterly dividends on some preferred shares to retain capital and improve liquidity.
** THE MEDICINES CO, Friday close $31.70
The company’s experimental intravenous blood clot preventer Cangrelor, which is intended for use during angioplasty procedures, solidly outperformed commonly used Plavix in a pivotal late stage study, likely resurrecting the drug’s prospects.
** BED BATH & BEYOND INC, Friday close $59.37
The retailer’s shares could rise 25 percent over the next year on strong profit growth and a higher valuation, but could fetch a 43-percent premium in an acquisition, Barron’s said on Sunday.
There is no indication that the retailer is looking to sell itself, the magazine said in its March 11 edition, but noted that the company’s retailing acumen and financial strength would appeal to private equity investors or even Berkshire Hathaway Inc.
** WALTER ENERGY INC, Friday close $31.66
The coal miner, in the midst of a spat with a British hedge fund that is looking to replace half of its board, said it could further cut production at underperforming mines and explore the sale of non-core assets. (Compiled by Pallavi Ail in Bangalore)