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May 31 (Reuters) - Some U.S. stocks to watch on Friday:
U.S. stock index futures pointed to a lower open as investors took profit following a recent rally, though the market remained on track to close out a seventh straight month of gains.
S&P 500 futures fell 6.8 points, the Dow Jones industrial average futures were down 80 points and Nasdaq 100 futures lost 13.25 points.
** OMNIVISION TECHNOLOGIES INC, Thursday close $15.49, up 19.63 pct premarket
The image sensor maker on Thursday forecast current-quarter profit ahead of analysts’ estimates, encouraged by higher demand for its camera chips from smartphone makers in China.
Analysts at three brokerages, including JP Morgan, raised their price targets on the company’s stock.
** PALO ALTO NETWORKS, Thursday close $54.39, down 15 pct premarket
** JUNIPER NETWORKS INC, Thursday close $18.01, down 2.5 pct premarket
The security software maker forecast current-quarter results below market estimates as revenue growth slows due to U.S. budget cuts and European debt crisis.
Analysts at four brokerages, including Jefferies and BMO Capital Markets, cut their price targets on Palo Alto’s stock.
Shares of Juniper, which competes with some products of Palo Alto, also fell.
** KRISPY KREME DOUGHNUTS INC, Thursday close $14.26, up 12.55 pct premarket
The U.S. doughnut group reported a first-quarter profit that beat Wall Street expectations and the company raised its full-year adjusted earnings outlook to between 59 cents and 63 cents per share from 53 cents to 57 cents per share it expected earlier.
** GUESS INC, Thursday close $29.35, up 8.35 pct premarket
The apparel retailer forecast current-quarter sales above Wall Street’s estimates after reporting a higher-than-expected quarterly profit.
Analysts at Jefferies, Brean Capital and Wedbush raised their price targets on the stock.
“Looking into the back half, with a deeper focus on denim, the full rollout of the value-driven lines, a revival in higher margin accessories, ... we believe the pieces are in place for Guess to begin the long climb back to relevance and top and bottom line upside,” analyst Eric Beder of Brean Capital said.
** MELLANOX TECHNOLOGIES LTD, Thursday close $55.93, down 4.4 pct premarket
The Israel-based chip designer said on Thursday it was voluntarily delisting its ordinary shares from trading on the Tel Aviv Stock Exchange to reduce cost of operations. The company said its shares will continue to be listed on the Nasdaq, and all its shares traded on the Tel Aviv Stock Exchange are expected to transfer to the Nasdaq.
Analysts at UBS downgraded the company’s stock to “neutral” from “buy” and cut their price target to $57 from $68 on Friday.
** FREEPORT MCMORAN COPPER AND GOLD INC, Thursday close $31.85, down 2 pct premarket
A worker was fighting for his life after a new tunnel collapse on Friday at Freeport McMoRan Copper and Gold Inc’s Indonesian mine, a union official said, calling on members to stop work at the huge copper mine after the second major accident in just over two weeks.
** ROYAL BANK OF SCOTLAND, Thursday close $10.18, up 2.06 pct after market
Vince Cable, Britain’s business secretary, said in an interview with the Financial Times on Thursday that the sell-off of the part-nationalised Royal Bank of Scotland is “not in any sense urgent” and that Treasury ministers and officials were acting hastily on the issue.
** LIONS GATE ENTERTAINMENT CORP, Thursday close $28.03, up 4 pct premarket
The movie producer and distributor, which owns “The Hunger Games” and “Twilight” franchises, reported fourth-quarter revenue of $785.7 million, beating the average analyst estimate of $753 million, according to Thomson Reuters I/B/E/S.
** DENDREON CORP, Thursday close $4.08, up 4 pct premarket
The biotechnology company said data from a study showed that retreating patients given its cancer vaccine Provenge several years earlier boosted the activity of the vaccine, compared to the initial treatment. Dendreon said data from two mid-stage studies showed that Provenge can be combined with two existing cancer therapies.
The company will present the data at the meeting of the American Society of Clinical Oncology.
** INFINERA CORP, Thursday close $10.13, up 3 pct after market
The company, which makes chips used in telecom networks, is poised to enjoy a powerful five-year growth cycle that is currently underestimated by the Street, according to a report by Seeking Alpha.
As Infinera continues to seize market share from its competitors, the potential for $1 billion in revenue and $1 in earnings per share by 2015 is very real, the report said. (r.reuters.com/kan58t)
** COPART INC, Thursday close $36.70, down 3.32 pct premarket
The online auctioneer of salvaged vehicles reported lower-than-expected third-quarter results due to superstorm Sandy. The company also acquired Salvage Parent Inc, which auctions salvaged cars on behalf of insurance companies.
** CHESAPEAKE ENERGY CORP, Thursday close $22.53, up 1 pct premarket
Analysts at Wunderlich Securities said the appointment of a new chief executive signified a positive change in the company’s strategy and raised their price target on the oil and gas producer’s stock to $30 from $25.
** DELL INC, Thursday close $13.27
The PC maker urged shareholders on Friday to vote for the $24.4 billion buyout offer led by founder and Chief Executive Michael Dell at a special meeting on July 18, saying the bid was superior to other strategic options.
** AMERICAN REALTY CAPITAL PROPERTIES, Thursday close $15.77
** GENERAL ELECTRIC CO, Thursday close $23.60
The company said it would buy an $807 million portfolio of 471 net lease properties from General Electric’s finance unit, GE Capital.
Element Financial Corp said it would buy the Canadian fleet portfolio of GE Capital for C$570 million ($554 million) to provide financing and management services in Canada and the United States.
** SPRINT NEXTEL CORP, Thursday close $7.34, down 1.09 pct premarket
** CLEARWIRE CORP, Thursday close $4.50, down 1.77 pct premarket
** DISH NETWORK CORP, Thursday close $39.52
One of the biggest minority shareholders in Clearwire on Thursday urged the wireless company to recommend against Sprint’s buyout offer after Dish made a counter bid.
** PROCTER & GAMBLE CO, Thursday close $79.09
The world’s largest household products maker is working to regroup its countless products and brands into four sectors, each led by a president reporting to Chief Executive A.G. Lafley, who returned to the helm last week, the Wall Street Journal reported.
** INTEL CORP, Thursday close $24.21
Samsung Electronics has chosen an Intel processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market.
** GENERAL MOTORS CO, Thursday close $34.64
** FORD MOTOR CO, Thursday close $15.90
The U.S. auto industry is expected to report sales growth of more than 6 percent in May, shaking off disappointing results in the previous month as consumers still headed to dealer lots to buy new cars and trucks. Analysts polled by Thomson Reuters expect an annual sales rate in May of 15.1 million vehicles.
** HEWLETT-PACKARD CO, Thursday close $25.26
Private equity giants Carlyle Group LP and Blackstone Group LP as well as Indian outsourcers L&T Infotech and Tech Mahindra Ltd, are lining up bids for Hewlett-Packard’s $1 billion stake in India’s MphasiS Ltd , several sources involved in the process said.
** SPLUNK INC, Thursday close $45.22
The data analytics software maker on Thursday reported a 54 percent rise in quarterly revenue as it added 350 enterprise customers.
Analysts at two brokerages, including JP Morgan, raised their price targets on the stock on Friday.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $91.00
Use of an epilepsy drug developed by GlaxoSmithKline and Valeant should be restricted to patients for whom other anti-epileptic medicines have proved inadequate or not tolerated, EU regulators said on Friday.
** NEWMONT MINING CORP, Thursday close $34.34
Protests in northern Peru over the $5 billion Conga gold mine make “no sense” and could spell the end of the project if they succeed in preventing the draining of a nearby lake, chief executive of Newmont’s local partner Buenaventura said on Thursday.
“We are working with the best of intentions. If we can go ahead good, if we cannot that’s it... there are no alternatives,” Roque Benavides said.
** BOEING CO, Thursday close $100.54
British travel firm TUI Travel has agreed a deal to buy 60 of Boeing’s 737 MAX jets with an option to buy a further 90 more of the fuel-efficient aircraft. TUI said the initial deal for 60 planes had been secured at a “significant discount to the list price” of $6.09 billion.
** SLM CORP, Thursday close $24.04, down 3 pct after market
Moody’s Investors Service said it will review and possibly downgrade the student lender’s 60 classes of notes from 24 private student loan securitizations that are serviced by Sallie Mae.
** GRAPHIC PACKAGING HOLDING CO, Thursday close $7.96, down 3 pct after market
The packaging company late on Thursday reported a secondary public offering of 15 million shares by certain existing stockholders.
** ENDO HEALTH SOLUTIONS INC, Thursday close $35.94
The U.S. Food and Drug Administration has for the third time refused approval to the company’s injectable testosterone drug Aveed, pressing for a still better plan to manage the risks associated with the drug. ($1 = 1.0299 Canadian dollars) (Compiled by Neha Alawadhi; Editing by Sriraj Kalluvila)