April 1, 2013 / 1:07 PM / 5 years ago

MARKET PULSE-Tesla, MetroPCS, eBay, Biocryst Pharma, Quicksilver Resources

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April 1 (Reuters) - Some U.S. stocks on the move on Monday:


U.S. stock index futures were flat after the S&P 500 index set a record closing high on Thursday and investors waited for a report on U.S. manufacturing, a major component of economic growth.

S&P 500 futures rose 0.3 point. Dow Jones industrial average futures rose 5 points and Nasdaq 100 futures rose 2.75 points.

** BIOCRYST PHARMACEUTICALS INC, Thursday close $1.19, up 34 pct premarket

The drugmaker said it received a notification from the Department of Health and Human Services to stop working on the company’s late-stage experimental influenza drug, peramivir.

On Nov. 7, an independent data monitoring committee recommended that the study be terminated after an interim analysis found the difference between patients treated with the drug and control groups for the primary endpoint of the study was small.

** SECURITY NATIONAL FINANCIAL CORP, Thursday close $7.18, up 22 pct premarket

The insurance company’s 2012 operating pre-tax earnings rose to $21.4 million from $1.23 million a year earlier as it underwrote more mortgage loans.

** QUICKSILVER RESOURCES INC, Thursday close $2.25, up 18 pct premarket

The oil and gas producer said on Friday it signed a deal to sell 25 percent stake of its shale gas development project in the Barnett Shale formation in Texas to TG Barnett Resources LP, a subsidiary of Tokyo Gas Co, for $485 million.

** TESLA MOTORS INC, Thursday close $41.38, up 12 pct premarket

The electric-car maker said it expects to report a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan.

** DFC GLOBAL CORP, Thursday close $16.64, down 10 percent premarket

The pawn and pay-day lender slashed its full-year outlook and forecast a weak third-quarter profit as new rules governing lending in the United Kingdom hurt earnings.

The company now expects 2013 operating earnings of $1.70 to $1.80 per share, down from its previous estimate of $2.35 to $2.45 per share.

DFC also said it expects to book restructuring charges in the third quarter.

** CLIFFS NATURAL RESOURCES INC, Thursday close $19.01, up 4 pct premarket

Analysts at JP Morgan added the iron ore miner to their focus list and reiterated their $40 price target on the company’s stock, days after Morgan Stanley downgraded the stock and Credit Suisse slashed its price target.

Shares of company fell more than 14 percent to a four-year low on March 27 after Morgan Stanley downgraded the stock to “underweight” from “equal-weight” and Credit Suisse slashed its price target to $10 from $30, citing a looming iron ore pellet surplus in the Great Lakes region.

** RF MICRO DEVICES INC, Thursday close $5.32, up 3 pct premarket

Canaccord Genuity raised its rating on the chipmaker’s stock to “buy” from “hold” on Sunday, and said the company is well positioned to gain content share in flagship smartphone platforms including the Samsung Galaxy S4, Nokia Lumia and Asha series, BlackBerry Z10 and Q10, and potentially Apple Inc’s iPhone 5S.

“RFMD is less exposed to softer near-term iPhone sales that should have a greater impact to RFMD’s competitors,” analyst Michael Walkley wrote in a note. He also raised his price target on the stock to $7 from $5.50.

** EBAY INC, Thursday close $54.22, up 1 pct premarket

The company said on Thursday that it expected annual earnings growth of 15 percent to 19 percent over the next three years, and is targeting an increase in revenue of as much as 68 percent for the period.

** ELETROBRAS, Thursday close $3.42, up 3.5 pct after market

Shares of Brazil’s state-controlled power utility jumped on Thursday, after the company vowed to cut costs and maintain dividends even after it posted a steeper-than-expected loss last year.

** GAMESTOP CORP, Thursday close $27.97, down 2 pct after market

The world’s largest retailer of videogame products warned of weak sales this year as customers delay purchases ahead of the arrival of next-generation videogame consoles, but it reported stronger-than-expected quarterly results.

** EXXON MOBIL, Thursday close $90.11

The oil major on Sunday continued cleanup of a pipeline spill that spewed thousands of barrels of heavy Canadian crude in Arkansas.

Exxon spokesman Alan Jeffers said crews had yet to excavate the area around the pipeline breach, a needed step before the company can estimate how long repairs will take and when the line might restart.

Exxon’s Pegasus pipeline, which can carry more than 90,000 barrels per day (bpd) of crude from Patoka, Illinois, to Nederland, Texas, was shut after the leak was discovered late Friday afternoon in a subdivision near the town of Mayflower.

** SCHLUMBERGER LTD, Thursday close $74.89

The oil services giant has improved its ability to collect the money it is owed by Venezuela’s state oil company PDVSA and will now be able to recognize all revenue associated with its first-quarter operations in the country, its CEO said on Sunday.

** KKR, Thursday close $19.32

The private equity firm has entered into exclusive talks to buy a majority of French fashion brands Maje, Sandro and Claudie Pierlot, according to a source familiar with the transaction.

** METROPCS COMMUNICATIONS INC, Thursday close $10.90

The company urged shareholders to vote for its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that MetroPCS shareholders hold out for a better offer.

** JOHNSON & JOHNSON, Thursday close $81.53

U.S. health regulators have approved a new diabetes drug from the diversified healthcare company, making it the first in its class to be approved in the United States.

** COVIDIEN PLC, Thursday close $67.84

The medical device maker said it was awarded $176.5 million in a patent infringement lawsuit against Johnson & Johnson unit Ethicon Endo-Surgery Inc relating to the company’s Harmonic ultrasonic surgical products.

** GASTAR EXPLORATION LTD, Thursday close $1.76

The oil and gas producer said it will buy Chesapeake Energy Corp’s stake in the company and also a few of its assets in Oklahoma for about $85 million.

The purchase will add 157,000 net acres to Gastar’s existing acreage and about 2.8 million barrels of oil equivalent of proven oil and gas reserves, the company said in a statement.

** HECKMANN CORP, Thursday close $4.29

The water management company will issue up to 562,320 shares, valued at about $2 million, and pay $300,000 in cash, to settle a lawsuit related to its acquisition of China Water & Drinks Inc filed in 2010.

Heckmann bought China Water in 2008 for $625 million but sold it three years later as the Chinese company was laden with bad debts. (Compiled by Pallavi Ail in Bangalore; Editing by Sriraj Kalluvila)

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