(Corrects stock price in Caterpillar item)
April 16 (Reuters) - Some U.S. stocks to watch on Tuesday:
U.S. stock index futures slightly added to gains after data showed U.S. consumer prices fell in March for the first time in four months, providing the Federal Reserve with room to maintain its monetary stimulus. S&P 500 futures were up 14.4 points, the Dow Jones industrial average futures were up 140 points and Nasdaq 100 futures were up 26 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.
** COCA-COLA CO, Monday close $40.09, up 4 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.
** GENERAL MOTORS CO, Monday close $28.91, up 1.2 pct premarket
The largest U.S. automaker said its first-quarter global sales rose 3.6 percent to nearly 2.4 million vehicles, as a strong showing in its two largest markets, the United States and China, offset cooling demand in Europe.
** 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.
** 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.
** TARGET CORP, Monday close $68.48, down 2 pct premarket
The retailer on Tuesday warned first-quarter earnings would miss expectations, after weaker-than-expected sales of seasonal and weather-sensitive items. [ID:nL2N0D30LI
** SAREPTA THERAPEUTICS INC, Monday close $39.24, down 11 pct premarket
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.
At least two brokerages downgraded Sarepta’s stock, citing the possibility that the drug will take longer to reach market.
** PIEDMONT OFFICE REALTY TRUST, Monday close $19.52, down 2 pct premarket
** BOSTON PROPERTIES INC, Monday close $108.16
** DIGITAL REALTY TRUST INC, Monday close $70.18
** PROLOGIS INC, Monday close $40.58
** EASTGROUP PROPERTIES INC, Monday close $60.04
** FIRST POTOMAC REALTY TRUST, Monday close $14.48
** DOUGLAS EMMETT INC, Monday close $25.59
Morgan Stanley said it expected REITs to remain in a sweet spot in 2013 given low interest rates and modest economic growth. The brokerage also said limited construction activity, especially in the commercial industry, would keep new supply off the market. Morgan Stanley raised its ratings on Boston Properties, EastGroup Properties and First Potomac to “overweight” from “equal weight.” However, the brokerage cut its rating on Piedmont Office to “underweight” from “equal weight,” citing operating performance challenges. Morgan Stanley also downgraded Douglas Emmett to “underweight” from “overweight.”
** 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.
** CATERPILLAR INC, Monday close $82.27, up 1 pct premarket
The world’s largest maker of construction equipment said late on Monday it had set up a new order-to-delivery organization, the Caterpillar Enterprise System Group. The company named Dave Bozeman, vice president responsible for integrated manufacturing operations, to lead the new organization.
** ALCOA INC, Monday close $8.04, up 1 percent premarket
The stock looked poised to open higher as copper prices edged up on hopes that the outlook for growth and demand from top consumer China would improve in coming months, prompting some short covering activity following hefty falls in the previous session. Three-month copper on the London Metal Exchange traded at $7,250 a tonne in official rings, up from Monday’s close of $7,202, propping up shares of the largest U.S. aluminum producer.
** MACK-CALI REALTY CORP, Monday close $28.14, down 8 pct premarket
The real estate investment trust said on Monday that it intends to reduce its second quarter dividend from the current 45 cents per common share to 30 cents per common share, to retain cash for investing in the company’s multi-family residential platform.
Deutsche Bank cut its rating on the company’s stock to “hold” from “buy.”
** 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.
** ALLEGHENY TECHNOLOGIES INC, Monday close $27.98, down 3 pct premarket
The specialty metals producer said it expects first-quarter net income to drop 82 percent to $10 million, or 9 cents per share, due to lower selling prices and a fall in demand.
** W.W. GRAINGER INC, Monday close $225.70
The industrial distributor’s first-quarter profit beat analysts’ expectations, driven by a 13 percent rise in operating income, and the company raised the lower end of its 2013 forecast. (Compiled by Aditi Shrivastava; Editing by Joyjeet Das)