March 12 (Reuters) - Some U.S. stocks to watch on Tuesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s)
U.S. stock index futures dipped on Tuesday as investors appeared set to lock in profits after a seven-session string of gains and the Bundesbank’s chief warned the euro zone’s crisis has not ended.
S&P 500 futures fell 3.3 points, Dow Jones industrial average futures lost 27 points, and Nasdaq 100 futures shed 7.5 points.
** COCA-COLA, Monday close $39.31
** PEPSICO, Monday close $76.85
** DR PEPPER SNAPPLE, Monday close $44.14
State Supreme Court Justice Milton Tingling in Manhattan struck down New York City Mayor Michael Bloomberg’s pioneering ban on large sugary drinks sold by the city’s restaurants, movie theaters and other food service businesses just a day before it was to take effect.
Chris Gindlesperger, a spokesman for the American Beverage Association, which brought the lawsuit on behalf of companies such as Coca-Cola, PepsiCo and Dr Pepper Snapple, said the ruling was a “sigh of relief” for New Yorkers and small businesses throughout the city.
** MERCK & CO INC, Monday close $43.66, up 3 pct premarket
The pharmaceutical company said on Tuesday that an independent monitoring board had allowed it to continue with a huge trial assessing the safety and effectiveness of its blockbuster Vytorin cholesterol treatment.
** CABELA‘S INC, Monday close $53.90, up 4 pct premarket
The outdoor sporting goods retailer forecast first-quarter earnings 10 to 15 cents higher than Wall Street estimates, helped by strong sales of merchandise, including firearms and ammunitions.
** GLU MOBILE INC, Monday close $2.42, up 18 pct premarket
The developer of freemium games for smartphone and tablets said it was publishing its first real-money mobile gambling game.
New Jersey Governor Chris Christie approved online gambling within the state’s border last month, a move that he hopes can help boost state revenues and revive Atlantic City casinos.
** SUNTECH POWER HOLDINGS CO LTD, Monday close $1.15, up 1 pct premarket
The cash-strapped company said it would stop production at a solar panel making facility in Goodyear, Arizona on April 3, affecting 43 employees.
Higher production costs, U.S. import tariffs on China-made solar cells and global oversupply caused the facility’s closure, Suntech said in a statement.
** IROBOT CORP, Monday close $22.75, up 10 pct after market
The robot maker raised its first-quarter forecast and named a new chief financial officer.
The company now expects earnings of 16 to 20 cents per share, up from its previous forecast of a break even to a profit of up to 7 cents per share.
** HECKMANN CORP, Monday close $3.71, up 10 pct premarket
The wastewater management company posted a better-than-expected net profit on Monday, boosted by its merger with Power Fuels and growth in its legacy Heckmann Water Resources business.
** DIAMOND FOODS INC Monday close $17.60, down 6 pct premarket
The snack food maker reported second-quarter results that missed Wall Street estimates, hurt by a decline in sales of it nuts brands, Diamond of California and Emerald.
The company which gets more than half of its sales from nuts, said net revenue from the brand fell 29.6 percent to $115.4 million.
** GOVERNMENT PROPERTIES INCOME TRUST, Monday close $26.52, down 5 pct premarket
The real estate investment trust’s shareholder CommonWealth REIT sold about 10 million shares of Government Properties at $25.20 per share, a discount of 5 percent to their Monday closing price.
** YUM BRANDS INC, Monday close $67.84, up 6 pct premarket
The KFC parent reported an unexpected 2 percent rise in February sales at established restaurants in China, boosted by the Chinese New Year and the easing worries about a food safety scare that drove away customers.
** BLACKBERRY , Monday close $14.90, up 3 pct premarket
The head of China’s Lenovo Group Ltd told a French newspaper on Monday that the personal computer maker might consider an acquisition of Canada’s BlackBerry at some point in the future, sparking takeover speculation.
** VERIFONE SYSTEMS INC, Monday close $20.46, up 8 pct premarket
The maker of credit card swipe machines said Chief Executive Douglas Bergeron will step down after more than a decade at the company’s helm.
** LAKELAND INDUSTRIES INC, Monday close $4.95, down 10 pct after market
The maker of protective clothing said its Brazilian operations will post a loss in the fourth quarter due to weak sales. The loss could potentially result in the company being in default of its credit facility with TD Bank, it said.
** PERFECT WORLD CO LTD, Monday close $11.54, down 9 pct premarket
The Chinese online game developer’s quarterly profit fell 67 percent as revenue declined and operating costs rose from the year-ago period.
** BIOSCRIP INC, Monday close $10.90, up 10 pct premarket
The company reported fourth-quarter results which beat analysts’ estimates, helped by an increase in volumes and an acquisition in its infusion services business.
BioScrip, which also offers home health and hospice services, also forecast revenue for 2013 above analysts’ estimates.
** STEWART ENTERPRISES INC, Monday close $8.93, up 7 pct premarket
The provider of cemetery products and funeral services reported first-quarter net income that nearly doubled as sales rose 9 percent to $135.6 million.
** U.S. SILICA HOLDINGS INC, Monday close $26.53, down 3 pct premarket
The No. 2 U.S. commercial silica maker said on Monday that an affiliate of Golden Gate Capital, its top shareholder, would sell 8.5 million U.S. Silica shares.
** LEXINGTON REALTY TRUST, Monday close $12.05, down 3 pct premarket
The real estate investment trust said it plans to offer 15 million shares to raise money to repay all of the outstanding borrowings under its unsecured revolving credit facility.
** COSTCO WHOLESALE CORP, Monday close $102.44, up 1.5 pct premarket
The retailer posted a 39 percent increase in quarterly profit, beating expectations, helped by increasing sales, membership fees and a tax benefit related to a special cash dividend.
** JA SOLAR HOLDINGS CO LTD, Monday close $4.73
The solar panel maker said it has started shipment of 35 megawatt (MW) of solar PV modules to Siemens for five projects in Israel. (Compiled by Pallavi Ail in Bangalore)