April 16, 2013 / 12:22 PM / in 5 years

MARKET PULSE- Coca-Cola, Bank of America, Goldman Sachs, Gold stocks

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

April 16 (Reuters) - Some U.S. stocks to watch on Tuesday:

FUTURES HIGHER AS GOLD REBOUNDS; EARNINGS, DATA ON TAP

U.S. stock index futures rose, indicating the S&P 500 may rebound from its worst decline since November as gold prices rebounded and ahead of a flurry of earnings reports.

S&P 500 futures rose 7.4 points, the Dow Jones industrial average futures rose 65 points, and Nasdaq 100 futures added 15.75 points.

** JOHNSON & JOHNSON, Monday close $81.71, up 1.3 pct premarket

The diversified healthcare company reported better-than-expected first-quarter earnings, as growth of newer medicines for cancer, hepatitis C and blood clots offset declining sales of its treatments for heartburn and attention deficit disorder.

** THE COCA-COLA CO, Monday close $40.09, up 3 pct premarket

The beverage maker reported a lower quarterly profit, but announced a deal to sell some territory held by its company-owned bottling system to five independent bottlers.

** BANK OF AMERICA, Monday close $11.98, up 1 pct premarket

Bank of America Corp’s Merrill Lynch bolstered its adviser force in Massachusetts and New Jersey with four veteran hires from rival firms Morgan Stanley Wealth Management and UBS Wealth Management Americas.

** GOLDMAN SACHS GROUP INC, Monday close $146.46, up 2 pct premarket

The company reported a 5.5 percent rise in quarterly profit as it earned more from investment banking.

GOLD STOCKS

** NEWMONT MINING CORP, Monday close $33.92, up 2.3 pct premarket

** ANGLOGOLD ASHANTI LTD, Monday close $18.30, up 7.5 pct premarket

** HARMONY GOLD MINING COMPANY LTD, Monday close $4.99, up 3 pct premarket

** BARRICK GOLD CORP , Monday close $19.78, up 3 pct premarket

** FIRST MAJESTIC SILVER INC, Monday close $12.21, up 4 pct premarket

** YAMANA GOLD INC , Monday close $11.87, up 3 pct premarket

** KINROSS GOLD CORP, Monday close $5.44, up 3 pct premarket

** RANDGOLD RESOURCES LTD, Monday close $69.04, up 14 pct premarket

Gold rebounded more than 1 percent after falling to two-year lows, although caution prevailed among investors worried over the health of the global economy. Gold’s recovery comes a day after it shed $125 an ounce, its biggest-ever daily drop, as the selling that began on Friday stalled after prices hit their cheapest since January 2011. Spot gold was up 1.6 percent at $1,373.86 an ounce by 0714 GMT after hitting a session low of $1,321.35.

** SAREPTA THERAPEUTICS INC, Monday close $39.24, down 12 pct after market

The company said U.S. health regulators have asked for additional information on eteplirsen, its experimental drug to treat a rare degenerative disease in boys.

** HCA HOLDINGS INC, Monday close $36.72 , down 5 pct after market

The largest U.S. for-profit hospital operator on Monday announced a preliminary first-quarter revenue estimate that was below Wall Street expectations.

** U.S. BANCORP, Monday close $33.31, up 0.6 pct premarket

The fifth-largest U.S. bank based on assets reported a 7 percent increase in quarterly profit, largely due to lower provisions for credit losses and a drop in non-interest expenses.

** LDK SOLAR CO LTD, Monday close $1.12, down 10 pct premarket

The company partially defaulted on a $24 million bond due on Monday, almost a month after rival Suntech Power Holdings Co Ltd defaulted on its bonds, which could spark fears about the ability of other Chinese solar companies to repay debt. German-listed shares of the company fell about 26 percent on Tuesday morning.

** GENTIUM SPA, Monday close $7.70

The Italy-based pharmaceutical company said it appealed against the European health regulator’s recommendation against granting marketing approval to Gentium’s liver disorder drug. European Medicines Agency’s Committee for Medicinal Products for Human Use has 60 days, from date of appeal filed, to consider a revision of its initial opinion.

Gentium is also seeking approval for the drug, named defibrotide, in the United States.

** J.C. PENNEY CO INC, Monday close $14.39, up 2 pct premarket

The U.S. retail chain has borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory as the department store operator revamps its business strategy after a failed turnaround.

Macy’s Inc has filed an appeal challenging a judge’s ruling that J.C. Penney can sell unbranded Martha Stewart goods in its stores for now - the latest salvo in a legal war between the two retailers over rights to the domestic doyenne’s products.

** ANAREN INC, Monday close $19.61, up 10 pct after market

Investment firm Vintage Capital Group LLC offered to buy telecommunication components maker Anaren for $23 per share in a deal valuing it at about $300 million.

** NETGEAR INC, Monday close $30.88, down 4 pct after market

The network equipment maker estimated first-quarter revenue and earnings below analysts’ expectations, citing lower-than-planned shipments of its new network attached storage product.

** BLACKROCK INC, Monday close $253.86, up 2.2 pct premarket

The New York-based company said first-quarter net income rose 10 percent as investors increasingly turned to the money manager’s higher-fee stock funds. (Compiled by Aditi Shrivastava; Editing by Joyjeet Das)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below