May 14, 2013 / 11:54 AM / 5 years ago

MARKET PULSE-SolarCity, Take-Two Interactive, PDI, Nanosphere

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May 14 (Reuters) - Some U.S. stocks to watch on Tuesday:


U.S. stock index futures edged lower as investors paused following a recent rally that repeatedly took the Dow and S&P 500 to record highs. Futures for the S&P 500 were down 1.9 point, the Dow Jones down 27 points and the Nasdaq 100 down 2.75 points.

** HESS CORP, Monday close $69.39

Hedge fund Elliott Management Corp said on Tuesday that all of its board nominees and all of Hess’s should make up a reconstituted board, a day after the activist investor rejected the oil producer’s offer of two board seats.

** BLACKBERRY, Monday close $15.88

At the BlackBerry Live conference in Orlando, the mobile phone maker’s executives are expected to give analysts, media, carriers and partners an update on the performance so far of its new BlackBerry 10 line of devices. It is also expected to provide details on plans to provide security for iPhone and Android devices, along with a road map of new devices in the pipeline.

** YAHOO INC, Monday close $26.39

When CFO Ken Goldman takes the stage at a JP Morgan conference in Boston, investors will be looking for an update on the comeback plan for Yahoo’s core business, which has experienced a multi-year revenue decline, as well as any update on IPO prospects for Alibaba Group, in which Yahoo owns a 24 percent stake.

** VERIZON COMMUNICATIONS INC, Monday close $52.55

** VODAFONE GROUP PLC, Monday close $29.66

Verizon Wireless, the biggest U.S. mobile service provider, said on Monday it would pay its parents Verizon Communications and Vodafone a dividend of $7 billion in June, surprising some analysts who had not expected a big payout.

** MORGAN STANLEY, Monday close $23.68

The bank holds its annual meeting in Purchase, New York, where the board and senior managers will face shareholders on compensation, an issue that proxy advisory firms are telling investors to vote against. The votes aren’t binding, but it may turn out to be another example of big banks facing pushback from advisory firms and investors.

** SOLARCITY CORP, Monday close $35.88, down 11.9 pct premarket

The U.S. solar panel installer on Monday reported a larger-than-expected quarterly loss, reversing a year-ago profit, due to higher costs.

** TAKE-TWO INTERACTIVE SOFTWARE INC, Monday close $16.39, up 4.6 pct after market

The video game publisher reported better-than-expected revenue and earnings in the fourth quarter on Monday, driven by strong sales of “Borderlands 2,” and assured investors that its flagship “Grand Theft Auto V” title was on track for the holidays.

** PDI INC, Monday close $4.06, up 30 pct after market

The company, which provides sales reps and other commercial services to drugmakers, on Monday reported a profit for the first quarter, compared with a loss a year earlier, helped by the execution of multi-year new contract wins and lower expenses.

** INFORMATION SERVICES GROUP INC, Monday close $1.90, up 11 pct after market

The advisory company on Monday reported better-than-expected revenue and adjusted earning for the first quarter on higher demand for its services.

** CEMPRA INC, Monday close $6.70, up 4.6 pct after market

The pharmaceutical company said it signed an agreement with Japan-based Toyama Chemical Co Ltd, under which Toyama will get rights to develop Cempra’s antibiotic solithromycin in Japan. Cempra will receive an upfront payment of $10 million and up to $60 million in milestone payments.

** NANOSPHERE INC, Monday close $2.79, up 18 pct premarket

The maker of diagnostic tests said it signed a distribution deal with Japan-based Hitachi High-Technologies Corp. Hitachi will exclusively market Nanosphere’s products in Japan. Terms of the deal were not disclosed.

** SONY CORP, Monday close $18.89, up 3.7 pct premarket

Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony to spin off its lucrative entertainment arm, setting the stage for a clash between the activist fund and management at the Japanese electronics maker.

** SANOFI SA, Monday close $54.83

The French Competition Authority said on Tuesday it fined the drugmaker 40.6 million euros ($52.7 million) over what it called a smear campaign aimed at stifling generic competition to its blood thinner, Plavix.

** C.R. BARD INC, Monday close $105.00

The medical device maker will pay about $48.3 million to resolve allegations it made illegal payments to hospitals and physicians to entice them to buy its radiation treatment for prostate cancer, the Justice Department said on Monday.

** WELLPOINT INC, Monday close $76.01

The health insurer said in a regulatory filing on Monday three of its directors resigned, effective immediately, citing personal reasons.

** AMAZON.COM, Monday close $264.51

German labor union Verdi called on workers at to stage a strike in the country on Tuesday to put pressure on the global internet retailer to improve pay and benefits.

** AUTOLIV , Monday close $79.02

The auto safety gear maker on Tuesday set out new financial targets for the group and outlined guidelines on its debt that will allow it to spend up to $1.3 billion on acquisitions or shareholder returns. (Compiled by Sruthi Ramakrishnan in Bangalore; Editing by Maju Samuel)

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