May 2, 2013 / 2:23 PM / 5 years ago

MARKET PULSE-GM, Visa, Facebook, ING US, Gilead, Yelp, Monster Worldwide

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


U.S. stocks rose on Thursday as an interest rate cut by the European Central Bank and better-than-expected weekly jobless claims data in the U.S. boosted investors’ appetite for risky assets, a day after the largest drop on the S&P 500 in two weeks. The Dow Jones industrial average rose 0.3 percent, the S&P 500 gained 0.3 percent and the Nasdaq Composite rose 0.33 percent.

** GENERAL MOTORS CO, $31.5, up 4 pct (0930 ET)

The U.S. automaker posted stronger-than-expected quarterly profit on Thursday as it kept a tight grip on costs in its North American and European businesses.

** VISA INC, $170.8, up 3 pct (0930 ET)

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

** FACEBOOK INC, $28.17, up 3 pct (0931 ET)

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.

** ING U.S. INC, $19.62, up 2 pct (1012 ET)

Shares of the affiliate of Dutch financial services company ING Groep NV fell 1 percent in their New York Stock Exchange debut on Thursday. Shares opened at $19.25 after the company raised $1.3 billion in its initial public offering.

** RENEWABLE ENERGY GROUP INC $10.8, up 9 pct (0931 ET)

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.

** YELP INC, $31.40, up 24 pct (1017 ET)

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.

** GILEAD SCIENCES INC, $52.88, up 5 pct (0931 ET)

The hepatitis drug maker said on Thursday that a combination of three experimental Gilead drugs cured all patients with hepatitis C after eight weeks of treatment in a mid-stage study. The company said that based on the interim results, it plans to begin a third late-stage trial that would test the drug cocktail on 600 chronic hepatitis C patients.

** MONSTER WORLDWIDE INC, $4.78, up 11 pct (0931 ET)

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.

** BEAZER HOMES INC, $18.05, up 8 pct (0932 ET)

The U.S. homebuilder reported quarterly revenue above analysts’ expectations as it sold more houses at higher prices. Beazer recorded revenue of $287.9 million in the second quarter. Analysts on average expected revenue of $252.2 million, according to Thomson Reuters I/B/E/S.


The audio systems maker, which owns brands such as JBL and Harman Kardon, reported a third-quarter profit above expectations and raised its earnings forecast for the year ending June 30.

** PGT INC, $7.86, up 4 pct (0932 ET)

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.

** LIQUIDITY SERVICES INC, $34, up 5 pct (0932 ET)

The company reported a 4 percent rise in quarterly revenue as it auctioned a higher number of surplus and salvaged assets to its large commercial and government customers. Liquidity Services recorded revenue of $130.3 million in the second quarter.

** SHUTTERFLY INC, $46.57, up 4 pct (0959 ET)

The online photo-sharing service, reported better-than-expected quarterly revenue helped by rising demand for photo printing, and it forecast current-quarter revenue largely above analysts’ expectations.

** STATOIL, $23.27, down 4 pct (1010 ET)

Norway’s oil and gas firm’s first-quarter profit missed forecasts.

** NOVADAQ TECHNOLOGIES INC, $12.94, down 4 pct (0932 ET)

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

** CANADIAN SOLAR INC, $5.31, up 3 pct (0932 ET)

The solar equipment maker said it expects panel shipments to be in the range of about 335 megawatt (MW) to 345 MW, higher than its prior outlook of 290 MW to 310 MW. The company also said first-quarter gross margin would be 9-10 percent, compared with its previous forecast of 8-10 percent.


The logistics company reported a higher quarterly profit late on Wednesday, helped by lower costs. The company’s net profit rose 5 percent to $80.3 million, or 39 cents per share, in the first quarter, from $76.7 million, or 36 cents per share, a year earlier.

** SEAGATE TECHNOLOGY, $38.94, up 5 pct (0933 ET)

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.

** INTERNATIONAL PAPER CO, $43.51, down 5 pct (0933 ET)

The largest producer of corrugated boxes in North America, posted a lower-than-expected quarterly profit on Thursday due to weak demand for food packaging and printing paper.

** GLU MOBILE INC, $2.91, down 3 pct (0933 ET)

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

** CATAMARAN CORP, $53, down 7 pct (0933 ET)

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

** ESTEE LAUDER COS INC, $67.26, down 2 pct (0934 ET)

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.

** SHIRE PLC, $89.93, down 4 pct (0934 ET)

The British pharmaceutical firm managed to squeeze out a first-quarter earnings beat on Thursday thanks to cost controls after sales of some of its drugs, notably rare disease treatment Replagal, fell short.

** CBS CORP, $47.64, up 3 pct (0935 ET)

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.

** HILLSHIRE BRANDS CO, $34.02, down 4 pct (0954 ET)

The maker of Ball Park hot dogs and Jimmy Dean sausages reported quarterly earnings ahead of Wall Street estimates on Thursday, as it works to build its brands and cut costs.

** ACTAVIS INC, $108.04, up 4 pct (0936 ET)

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.

** CIGNA CORP, $68.6, up 5 pct (0936 ET)

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.

** CME GROUP INC, $58.7, down 2 pct (0936 ET)

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.

** GILDAN ACTIVEWEAR INC, $42.08, up 3 pct (0936 ET)

The Canadian apparel maker raised its full-year outlook, as it expects lower cotton prices and higher sales to boost revenue through the year, after reporting second-quarter results above analysts’ estimates.

Compiled by Maria Ajit Thomas in Bangalore; Editing by Roshni Menon

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