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June 20 (Reuters) - Some U.S. stocks to watch on Thursday:
FUTURES FALL IN WAKE OF FED‘S STIMULUS WIND-DOWN OUTLINE
U.S. stock index futures fell, adding to a more than 1 percent drop in U.S. equities a day earlier, after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market’s rally. S&P 500 futures were down 12 points, Dow Jones industrial average futures down 101 points, and Nasdaq 100 futures down 30 points.
** EBIX INC, Wednesday close $19.72, down 47 pct premarket
The insurance software provider and an affiliate of Goldman Sachs Group Inc canceled their planned merger after U.S regulators started an investigation into allegations of misconduct at Ebix.
** SOLTA MEDICAL INC, Wednesday close $2.23, up 15 pct premarket
The maker of aesthetic skin treatments said it received marketing approval for its laser system device, Fraxel DUAL 1550/1927, for the treatment of pigmented lesions.
** METHODE ELECTRONICS INC, Wednesday close of $14.54, up 3 pct premarket
The electro-mechanical devices maker reported a fourth-quarter profit that handily beat analysts’ estimates. Methode anticipates sales of $630 million to $660 million and earnings of 91 cents to $1.11 per share for fiscal 2014. Analysts were expecting earnings of $1.04 per share on revenue of $640.4 million, according to Thomson Reuters I/B/E/S.
** WALT DISNEY CO, Wednesday close $66.07, down 2 pct premarket
Goldman Sachs downgraded the media giant’s stock to “neutral” from “conviction buy,” according to Theflyonthewall.com.
** KROGER CO, Wednesday close $35.13, up 1 pct premarket
The biggest U.S. supermarket operator reported an increase in quarterly profit and raised its annual profit forecast.
** BARRICK GOLD CORP, Wednesday close $18.01, down 4 pct premarket
** IAMGOLD CORP, Wednesday close $4.92, down 6 pct premarket
** RANGOLD RESOURCES LTD, Wednesday close $70.23, down 4 pct premarket
** YAMANA GOLD INC, Wednesday close $10.35, down 4 pct premarket
** GOLDCORP INC , Wednesday close $26.20, down 5 pct premarket
** ROYAL GOLD INC, Wednesday close $50.13, down 4 pct premarket
** PAN AMERICAN SILVER CORP, Wednesday close $11.48, down 4 pct premarket
** NEWMONT MINING CORP, Wednesday close $31.90, down 4 pct premarket
Gold prices tumbled to their lowest in more than 2-1/2 years and silver fell more than 6 percent after the U.S. Federal Reserve gave its most explicit signal yet that it plans to bring the era of easy money to an end.
Spot gold was down 3.5 percent at $1,302.90 an ounce at 1141 GMT. Silver was the biggest loser among the precious metals, sliding more than 6 percent to a session low at $19.68 an ounce, its weakest since September 2010.
** FINISAR CORP, Wednesday close $14.52, up 9.5 pct premarket
The network equipment maker reported on Wednesday a quarterly profit that beat analysts’ expectations as demand for its fiber optic products rose. Analysts at Piper Jaffray raised their price target on the stock to $20 from $19.
** SANDRIDGE ENERGY INC, Wednesday close $5.08, up 1.3 pct premarket
The oil and gas company removed its founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders. Company President James Bennett will replace Ward.
** VITESSE SEMICONDUCTOR CORP, Wednesday close $2.27, down 2.6 pct premarket
The chipmaker said its $30 million offering of 16.3 million common shares was priced at a discount of $2.15 per share.
** STEELCASE INC, Wednesday close $15.15, down 4 pct after market
The furnishing company reported first-quarter revenue that missed analysts’ expectations. The company also forecast second-quarter earnings that narrowly missed expectations.
** CARDIONET INC, $5.78, up 4 pct premarket
The medical device maker launched its cardiac monitoring device - MCOTos 2:1.
** W.P. CAREY INC, Wednesday close $66.56, up 3.7 pct after market
Ladenburg Thalmann raised its rating on the real estate investment trust’s stock to “buy” from “neutral” and increased its price target to $77 from $71.
** JABIL CIRCUIT INC, Wednesday close $19.82, down 5 pct premarket
The contract electronics maker forecast current-quarter core earnings below analysts’ estimates and said it planned to cut an unspecified number of jobs as part of a restructuring plan. Jabil’s third-quarter net income fell to $49.6 million from $101.6 million.
** RED HAT INC, Wednesday close $46.22, up 3.4 pct after market
World’s largest commercial distributor of the Linux operating system, reported higher first-quarter results due to a rise in subscriptions.
** GOOGLE INC, Wednesday close $900.68
** GAMESTOP CORP, Wednesday close $38.53, up 5 pct premarket
Microsoft Corp said on Wednesday that users of its forthcoming Xbox One game console will be able to lend or sell used disc-based games. This is good news for GameStop’s used games business, helped by faster Xbox One adoption.
** HOME LOAN SERVICING SOLUTIONS LTD, Wednesday close $24.29, down 2 pct after market
The residential mortgage servicer issued 12.5 million shares and said it will use the proceeds from the offering to buy mortgage servicing assets from Ocwen Loan Servicing LLC. The company has 56.86 million outstanding shares.
** FACEBOOK INC, Wednesday close $24.31
Facebook has invited the press to its Menlo Park, California, headquarters to provide details about a new product.
** SONY CORP, Wednesday close $20.49
Sony shareholders pressed its chief executive for a response to hedge fund Third Point’s proposal for a partial spinoff of its profitable entertainment arm but Kazuo Hirai pleaded for patience as management reviews the bold plan.
** YAHOO INC, Wednesday close $26.24
Yahoo on Wednesday downplayed concerns that its plans to recycle inactive user IDs could leave users exposed to hackers, saying only 7 percent of those IDs are tied to actual Yahoo email accounts.
** RITE AID CORP, Wednesday close $3.11, down 2 pct premarket
The third-largest U.S. drugstore chain reported a 2.7 percent fall in first-quarter revenue largely because it sold more generic drugs, which are less expensive but more profitable, and as it closed stores.
** APPLE INC, Wednesday close $423.00
Lawyers for Apple and the U.S. government are expected to make closing arguments at the end of a three-week trial over whether the Silicon Valley giant conspired with major publishers to fix the price of e-books.
** STRATASYS LTD, Wednesday close $84.60, up 1 pct premarket
The industrial 3D printer maker will buy privately held consumer printer maker MakerBot in a stock deal valued currently at about $403 million to expand its product portfolio. (Compiled by Kanika Sikka; Editing by)