May 8, 2013 / 11:49 AM / in 5 years

MARKET PULSE-WebMD, ValueClick, Whole Foods, Symantec, Cognizant

(For more market insights, including options activity, click on STXNEWS/US; for The Day Ahead newsletter

May 8 (Reuters) - Some U.S. stocks to watch on Wednesday:


U.S. stock index futures were little changed as investors found little reason to push shares decisively one way or the other, following gains that took indexes to fresh highs a day earlier. Futures for the S&P 500 were up 1.3 point, the Dow Jones down 5 points and the Nasdaq 100 up 2.75 points.

** WEBMD HEALTH CORP, Tuesday close $25.51, up 16 pct after market

The health information provider said on Tuesday Chief Executive Cavan Redmond will be leaving the company, less than a year after the former Pfizer Inc executive was appointed to turn around the company’s fortunes.

The company’s first-quarter net loss narrowed to 3 cents per share from a year earlier.

** VALUECLICK INC, Tuesday close $31.74, down 19 pct premarket

The online marketing services provider forecast second-quarter sales well below market estimates on Tuesday as it integrates its marketing, media and global service offerings.

** WENDY‘S CO, Tuesday close $6.12

The second-largest U.S. hamburger chain reported a 2 percent rise in quarterly sales as its new menu worked well with diners.

** KINROSS GOLD CORP, Tuesday close $5.28

Canada’s Kinross Gold Corp reported slightly lower adjusted first quarter earnings on Tuesday as its margins slipped, even as revenue edged higher.

** ING GROEP, Tuesday close $8.59, up 2.7 pct premarket

The Dutch banking and insurance group reported a first-quarter net profit broadly in line with forecasts, boosted by divestments, and said it plans to push ahead with the initial public offering of its European insurance unit in 2014. [ID;nL6N0DP0AT]

** ENBRIDGE INC, Tuesday close $47.33

Canada’s largest pipeline company reported a 31 percent rise in first-quarter adjusted profit, driven by higher volumes.

The company said on Tuesday it shut its 210,000 barrel-per-day North Dakota pipeline for the second time in less than a week after finding contaminated soil during integrity checks.

** AOL INC, Tuesday close $41.42

The online media group reported a rise in first-quarter revenue as the company posted a return to growth in display advertising.

** J.C. PENNEY CO INC, Tuesday close $15.40

The department store chain on Tuesday said that same-store sales in the first quarter of the fiscal year fell 16.6 percent.

** WHOLE FOODS MARKET INC, Tuesday close $92.80, up 8 pct premarket

The largest U.S. natural and organic grocery chain said on Tuesday store sales have rebounded as it expands efforts to lower prices and reach beyond its core of upscale shoppers by adding more locations.

** SYMANTEC CORP, Tuesday close $25.10, down 4.8 pct premarket

The maker of the Norton anti-virus software on Tuesday reported a bigger-than-expected quarterly profit, but forecast first-quarter results well below analysts’ estimates due to a weak Japanese yen.

** COGNIZANT TECHNOLOGY SOLUTIONS CORP, Tuesday close $64.88, up 5.6 pct premarket

The IT services provider forecast current-quarter revenue above market expectations after an 18 percent rise in the first quarter, helped by strong demand from Europe.

** HEALTH CARE REIT INC, Tuesday close $75.62

Health Care REIT said it will acquire a 75 percent stake in privately held Canadian senior living services provider Revera Inc’s $1.35 billion housing community portfolio.

** MCDONALD‘S, Tuesday close $192.29

The fast food company delivers its April sales report. It had already warned that global sales at established restaurants would be lower in April.

** BANK OF AMERICA CORP, Tuesday close $12.90

Bank of America hosts its annual shareholder meeting in Charlotte, where the No. 2 US bank will hold a vote on a revamped slate of directors and likely will face protests over mortgages and environmental concerns.

** CSX CORP, Tuesday close $25.33

The No. 2 U.S. railroad will host its annual shareholder meeting.

** MYRIAD GENETICS INC, Tuesday close $28.30, up 10 pct after market

The company reported better-than-expected quarterly results, helped by a rise in molecular diagnostic testing revenue, and it raised its full-year earnings and profit forecast.

Mizuho Securities USA upgraded its rating on the Myriad stock to “buy” from “neutral” and raised its price target to $34 from $27.

** RUBICON TECHNOLOGY INC, Tuesday close $7.16, down 12 pct after market

The electronic material provider on Tuesday reported a bigger-than-expected quarterly loss due to weak sales of its six-inch wafers to key customers, who had excess inventory. The company also forecast a current-quarter loss much higher than analysts’ estimates as it expects weakness in wafer sales to continue. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Maju Samuel)

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