June 17, 2013 / 12:06 PM / in 4 years

MARKET PULSE-Advanced Micro Devices, Smithfield, Orchard Supply

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June 17 (Reuters) - Some U.S. stocks to watch on Monday:


U.S. stock index futures rose after major equity indexes on Friday closed their third negative week in four, with traders focused on this week’s Fed policy meeting. Futures for Dow Jones industrial average and S&P 500 were up 0.82 percent and Nasdaq 100 futures up 1 percent.

** ADVANCED MICRO DEVICES INC, Friday close $3.94, up 6.3 pct premarket

Prospects were looking better for the No. 2 maker of microprocessors for personal computers whose revenue fell sharply last year, as computer servers acquired last year in its purchase of tiny startup company SeaMicro bolster results, Barron’s said on Sunday. “SeaMicro offers AMD a chance to take share in the mainstream server-computer market, in which Intel sells about 96 percent of the chips,” Barron’s said, citing industry data.

** SMITHFIELD FOODS INC, Friday close $32.80, up 3 pct premarket

Starboard Value LP, a large shareholder in Smithfield, urged the company to explore a break-up rather than go ahead with a planned $4.7 billion takeover by Chinese meat producer Shuanghui International.

** CARRIZO OIL & GAS INC, Friday close $26.16, up 2 pct premarket

The company raised its oil production forecast for the second quarter to 10,800-11,200 barrels per day (bpd) from 9,600-10,000 bpd, citing improved performance and minimized downtime of its wells in the Eagle Ford Shale, Texas.

** APPLE INC, Friday close $430.05, up 0.6 pct premarket

Apple received over the last six months between 4,000 and 5,000 requests for customer data from U.S. law enforcement authorities relating to criminal investigations and national security matters, the company said on Monday.

** BOEING CO, Friday close $101.83, up 1 pct premarket

The U.S. planemaker will launch a larger version of its lightweight 787 Dreamliner this week with up to 100 orders worth just under $30 billion, industry sources said on Sunday.

** WEYERHAEUSER CO, Friday close $28.29, up 3 pct premarket

Brookfield Asset Management Inc said it will sell its Longview Timber holdings in the U.S. Pacific Northwest to Weyerhaeuser for $2.65 billion, including assumption of debt. Analysts at RBC Capital Markets raised Weyerhaeuser stock’s price target to $35 from $34.

** LOWE‘S COMPANIES INC, Friday close $41.16


Orchard Supply has filed for Chapter 11 bankruptcy protection, court documents showed on Monday, with rival retailer Lowe’s Cos set to buy the majority of its assets for $205 million in cash. Orchard, whose shares have fallen 50 percent since June 3, said it may not make scheduled payments when the first tranche of its debt matures in December.

** ROCKWOOD HOLDINGS INC, Friday close $66.56

Cinven Ltd has agreed to buy CeramTec for 1.49 billion euros ($1.99 billion), beating rival private equity firm BC Partners Ltd in bidding for the Germany-based industrial ceramics unit of U.S. chemicals maker Rockwood Holdings.

** AETNA INC, Friday close $60.53

Aetna said on Saturday it has notified California’s insurance regulator that it plans to stop selling health policies to individual consumers in the state at the end of 2013. The company will continue to offer health insurance to employers and Medicare beneficiaries in California, as well as dental and life-insurance products, Aetna spokeswoman Anjie Coplin told Reuters. (Compiled by Kanika Sikka; Editing by)

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