June 25, 2013 / 1:09 PM / in 4 years

MARKET PULSE-CombiMatrix, Walgreen, Barnes & Noble, Lennar, BlackBerry

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


U.S. stock index futures slightly added to gains after May durable goods rose more than expected. S&P 500 futures were up 10.9 points, Dow Jones industrial average futures 63 points and Nasdaq 100 futures 20.25 points.

** COMBIMATRIX CORP, Monday close $2.69, up 37.5 pct premarket

The diagnostic test provider said its test for miscarriage analysis has received conditional approval from the New York State’s Department of Health.

** WALGREEN CO, Monday close $48.05, down 6.2 pct premarket

The biggest U.S. drugstore chain reported weaker-than-expected quarterly results, citing slow front-end sales and a challenging economy.

** NETFLIX INC, Monday close $215.60, down 2 pct premarket

Sanford C. Bernstein downgraded the online video rental company to “underperform” from “market-perform” and said its stock may face “material volatility” over the next two quarters. The brokerage also said the stock’s current valuation “reflects unrealistic expectations across all major economic and strategic levers of the business.”

Analyst Carlos Kirjner said in his note that he expects domestic streaming subscriber base to reach 43 million users by 2020, below the 50 million users he believes investors are expecting.

** SONIC CORP, Monday close $14.19, down 4 pct premarket

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.

** IMPAX LABORATORIES INC, Monday close $17.91, up 5 pct premarket

The pharmaceutical company said Larry Hsu will step down as president and chief executive. He will remain with Impax until a replacement is found.

** AMERICAN VANGUARD CORP, Monday close $27.54, down 7 pct premarket

Piper Jaffray cut its rating on the chemical manufacturer’s stock to “neutral” from “overweight”, according to Theflyonthewall.com.

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

** KB HOME, Monday close $19.23, up 3.4 pct premarket

** D.R. HORTON INC, Monday close $20.92m, up 3.4 pct premarket

** PULTEGROUP INC, Monday close $18.31, up 3.2 pct premarket

Lennar, 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.

** BARNES & NOBLE INC, Monday close $18.82, down 4.3 pct premarket

Barnes & Noble’s quarterly net loss more than doubled as sales of its Nook device and e-books continued to plunge and business at its bookstores declined.

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

BlackBerry launched a service 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.

** ARM HOLDINGS PLC, $35.60, up 2 pct premarket

The company’s shares advanced after traders from Investec Securities upgraded the stock to “buy” from “hold”. While Investec says it expects Intel Corp to take share from ARM in both the smartphone and tablet markets, it anticipates that progress will be slow - as it has been in recent years.

** CARNIVAL CORP, Monday close $33.22, up 2 pct premarket

The world’s largest cruise operator reported a significant rise second-quarter net income.

** MICROSOFT CORP, Monday close $33.71

** ORACLE CORP, Monday close $30.17, up 1 pct premarket

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, up 1 pct

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, up 2.6 pct premarket

Men’s Wearhouse said it fired executive chairman George Zimmer as he had difficulty in giving up operational control of the company he founded 40 years ago.

** 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.

** 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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