June 25, 2013 / 11:49 AM / 4 years ago

MARKET PULSE-Sonic, Lennar, BlackBerry, Ford, Enbridge

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

June 25 (Reuters) - Some U.S. stocks to watch on Tuesday:


U.S. stock index futures rose, indicating the S&P 500 may halt its recent selloff after comments from China’s central bank eased recent concerns about a credit crunch in the world’s second largest economy. S&P 500 futures were up 6.2 points, Dow Jones industrial average futures 55 points, and Nasdaq 100 futures 13.25 points.

** SONIC CORP, Monday close $14.19, down 5 pct after market

The fast-food drive-in chain reported third-quarter sales below Wall Street estimates on Monday as cooler-than-usual weather in March and April kept diners away. Same-restaurant sales decreased 1.1 percent at company-owned drive-in chains in the quarter with weather having a 3-4 percentage point impact on sales, the company said.

** LENNAR CORP, Monday close $34.99, up 3.4 pct premarket

The No. 3 U.S. homebuilder reported a stronger-than-expected 53 percent rise in second-quarter revenue as it sold more homes at higher prices, suggesting the U.S. housing market recovery remains on track.

** BLACKBERRY, Monday close $14.10, up 2.2 pct premarket

BlackBerry launched a service on Tuesday allowing government agencies and corporate clients to secure and manage devices powered by Google Inc’s Android platform and Apple Inc’s iOS operating system. The long-anticipated offering could help the company sell high-margin services to its large clients.

** MICROSOFT CORP, Monday close $33.71

** ORACLE CORP, Monday close $30.17

Microsoft said on Monday it would support Oracle software on its cloud-based platforms, a tie-up aimed at improving the rivals’ chances against nimbler Web-based computing companies chipping away at their traditional businesses.

** FORD MOTOR CO, Monday close $14.67

Ford is launching a two-year pilot program with the United Auto Workers and a UAW-affiliated retiree trust fund aimed at lowering the cost of providing medical care for the company’s active and retired hourly workers.

** MEN‘S WEARHOUSE INC, Monday close $35.13

Tensions started rising at Men’s Wearhouse over the past six months, as founder and executive chairman George Zimmer increasingly butted heads with his handpicked CEO over the clothing retailer’s strategy.

** ENBRIDGE INC, Monday close $40.68

Canada’s Enbridge has returned a major section of the 540-km (335-mile) Athabasca oil pipeline to service, after a spill on a smaller line that has threatened a serious disruption in the flow of oil sands crude.


Navistar said Chief Financial Officer Andrew Cederoth would leave the company by the end of June, the latest management change at the truck and engine maker looking to recover from a disastrous engine redesign.

** GOOGLE INC, Monday close $869.79

Antitrust regulators are conducting a preliminary inquiry into Google’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter.

** SPRINT NEXTEL CORP, Monday close $6.86

Sprint shareholders are expected to vote on SoftBank’s revised $21.6 billion agreement to buy 78 percent of the company. The hedge fund Paulson & Company, the No. 2 Sprint shareholder, has said it would vote its shares in favor of the deal. Rival suitor Dish said on Friday that it was abandoning its quest to buy Sprint after SoftBank raised its bid.

** CARNIVAL CORP, Monday close $33.22

The cruise operator posts results on Tuesday. It has slashed its forecast twice in less than three months after a string of high-profile mishaps such as the Costa Concordia disaster and the Carnival Triumph power outage curtailed bookings. The company has cut ticket prices to lure customers and results will show whether this has helped increase booking volumes.

** BARNES & NOBLE INC, Monday close $18.82

Barnes & Noble reports quarterly earnings on Tuesday, with investors watching for any worsening in the performance of its Nook business, which it is trying to sell off.

** APOLLO GROUP INC, Monday close $19.12

The owner of the University of Phoenix will report its quarterly results on Tuesday.

** MITEL NETWORKS CORP, Monday close $3.91, up 8 pct after market

The communications equipment and software maker reported fourth-quarter results ahead of analysts’ estimates on Monday, helped by strong demand for its cloud and premise-based offerings.

RBC Capital Markets raised its target price on the stock to $4.50 from $4.25. (Compiled by Kanika Sikka; Editing by Maju Samuel)

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