May 2, 2013 / 12:42 PM / 5 years ago

MARKET PULSE-GM, Seagate, Facebook, Visa, Yelp, Monster Worldwide

(For more market insights, including options activity, click on ; for the Day Ahead newsletter

May 2 (Reuters) - Some U.S. stocks to watch on Thursday:


U.S. stock index futures rose on Thursday, adding to earlier gains, after the European Central Bank cut interest rates for the first time in 10 months to support a flagging euro zone economy. S&P 500 futures rose 0.33 percent, Dow Jones futures gained 0.4 percent Nasdaq 100 futures rose 0.49 percent.

** GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket

The U.S. automaker posted a stronger-than-expected quarterly profit on Thursday as its North American business was better and its loss in Europe was smaller than Wall Street estimated.

** SEAGATE TECHNOLOGY, Wednesday close $36.94, up 4 pct premarket

The hard disk drive maker reported better-than-expected quarterly results on higher sales of its internet storage devices, and said it expects demand and pricing in the business to rise in the second half.

** FACEBOOK INC, Wednesday close $27.43, up 2 pct premarket

The social network’s mobile advertising revenue growth gained momentum in the first three months of the year as it sold more ads to users on smartphones and tablets, partially offsetting higher spending which weighed on profits.

** VISA INC, Wednesday close $166.02, up 3 pct premarket

The world’s largest credit and debit card network on Wednesday reported strong quarterly results as its customers spent more on its cards.

** YELP INC, Wednesday close $25.3, up 9 pct premarket

The consumer review website reported quarterly results ahead of analysts’ estimates, helped by strength in its local and mobile advertising businesses, and it forecast second-quarter revenue above expectations.

** MONSTER WORLDWIDE INC, Wednesday close $4.29, up 7 pct premarket

The online recruitment company, which is up for sale, reported a lower quarterly profit from continuing operations as customers held back on hiring in a weak economy.

** CBS CORP, Wednesday close $46.4, up 2 pct premarket

The broadcaster reported a better-than-expected first-quarter profit, boosted by advertising during February’s Super Bowl telecast and a jump in revenue from Showtime and its other cable channels.

** RENEWABLE ENERGY GROUP INC Wednesday close $9.91, up 18 pct premarket

The biodiesel maker reported a 14 percent rise in first-quarter sales on demand from refiners for credits, or RINs, to comply with federal emission targets.

Canaccord Genuity upgraded the stock to “buy” and raised its price target to $12 from $9.

** MANULIFE FINANCIAL CORP, Wednesday close $14.65

Canada’s largest insurer reported a lower first-quarter profit on weak insurance sales and higher expenses.

** KELLOGG CO, Wednesday close $64.61

The maker of Corn Flakes cereal, Keebler cookies and Eggo waffles reported lower quarterly earnings on Thursday, hurt by higher ingredient costs.

** ACTAVIS INC, Wednesday close $104.39

The generic drugmaker formerly known as Watson Pharmaceuticals, reported a higher-than-expected first-quarter profit after launching several new products, and raised its full-year profit forecast.

** GLU MOBILE INC, Wednesday close $3.01, down 4 pct premarket

The mobile games maker reported a smaller-than-expected first-quarter loss on Wednesday, but forecast current-quarter revenue below estimates.

** GT ADVANCED TECHNOLOGIES INC, Wednesday close $3.86, down 4 percent premarket

The solar and LED equipment maker reported a smaller-than-expected loss in the first quarter as costs fell sharply. The company, however, revised down its backlog by about $356 million to remove orders it had previously identified to be at risk.

** CIGNA CORP, Wednesday close $65.38, up 2 pct premarket

The insurer on Thursday reported higher-than-expected quarterly earnings that benefited from its acquisition of Medicare specialist HealthSpring and international growth, particularly in South Korea.

** INTEGRATED SILICON SOLUTION, Wednesday close $8.73, up 7 pct after market

The chipmaker, which designs and markets integrated circuits, reported higher-than-expected second-quarter results on Wednesday as demand rose in its industrial, medical, military and communications businesses.

** PGT INC, Wednesday’s close $7.58, up 6 pct after market

The company, which makes impact-resistant windows and doors for homes, reported better-than-expected first quarter results, as it gained $2.2 million from the sale of its Salisbury facility.

** QUICKLOGIC CORP, Wednesday close $2.43, down 5 pct after market

The chipmaker reported a bigger-than-expected first-quarter loss and posted revenue below estimates on Wednesday, as a big consumer electronics company delayed orders for Quicklogic’s products.

** NOVADAQ TECHNOLOGIES INC, Wednesday close $13.51, down 4 pct after market

The imaging technology company said it would sell $50.3 million common shares at $12.90 per share.

** CME GROUP INC, Wednesday close $60.13

The world’s largest futures exchange operator reported a drop in first-quarter profit as trading in some of its more lucrative products slumped and average revenue per trade fell.

** ELIZABETH ARDEN INC, Wednesday close $39.39

The beauty products company posted a third-quarter loss, but higher-than-expected sales that were helped in part by the popularity of celebrity fragrances named for stars like Nicki Minaj and by its push into international markets.

** ESTEE LAUDER COS INC, Wednesday close $68.79

The company, known for its namesake brand as well as lines such as La Mer and MAC, reported slightly lower-than-expected third-quarter sales, hurt by tepid demand in markets like Southern Europe and South Korea and said it expects full-year sales to be at the low end of its previous range.

** DINEEQUITY INC, Wednesday close $70.4

The owner of Applebee’s and IHOP restaurants reported a 40 percent fall in first-quarter earnings as revenue dropped by more than a third.


Canada’s biggest publicly traded drugmaker reported a 12 percent rise in adjusted quarterly profit due to higher product sales and raised its full-year adjusted profit forecast.

** GILDAN ACTIVEWEAR INC, Wednesday close $40.67

The Canadian apparel maker reported a higher second-quarter profit, helped by lower cotton prices and higher sales across its printwear and branded businesses.

** CATAMARAN CORP, Wednesday close $57.01, down 4 pct premarket

The pharmacy benefit manager reported a higher-than-expected first-quarter profit, helped by the $4.4 billion acquisition of rival Catalyst Health Solutions.

** BOEING CO, Wednesday close $91.18

The company has started offering its long-awaited 777X long-range jet, paving the way for a ‘mini-jumbo’ war with European rival Airbus, industry sources said on Wednesday.

** GOOGLE INC, Wednesday close $820.43

Executives from the company and its auditor, Ernst & Young, will again be called before a British parliament committee to testify on taxes, after a Reuters investigation highlighted inconsistencies in the way Google portrays its activities in Britain, the committee’s chairwoman told Reuters.

** METLIFE INC, Wednesday close $38.4

The largest U.S. life insurer reported a first-quarter profit, compared with a loss a year earlier, helped by lower derivative losses linked to its credit spreads.

** PHILLIPS 66, Wednesday close $59.67

The independent refiner expects North Dakota’s Bakken crude oil to be competitively priced to move via rail to East and West coast markets despite a narrowing of the U.S. crude benchmark’s price discount to London’s Brent, an executive told analysts on Wednesday.

** JAMES RIVER COAL CO, Wednesday close $2.13, down 3 percent after market

The coal miner reported a smaller-than-expected loss in the first quarter as the idling of various mines and lower production of more expensive metallurgical coal brought down costs. Total revenue, however, fell 36 percent due to a steep drop in prices, and coal shipments shrank by about 21 percent.

** CAESARS ENTERTAINMENT CORP, Wednesday close $15.20, down 3 percent after market

The casino operator reported first-quarter results on Wednesday that were much lower than Wall Street forecasts due to a drop in customer traffic at its casinos.

Chief Executive Gary Loveman said its Atlantic City casinos in particular struggled with economic and competitive pressures while overall, a nationwide slowdown in casino customer spending hurt first quarter results. (Compiled by Maria Ajit Thomas in Bangalore; Editing by Roshni Menon)

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