June 28, 2013 / 1:28 PM / in 4 years

MARKET PULSE-BlackBerry, Arch Coal, Amedisys, Suntech, Accenture, IBM

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

June 28 (Reuters) - Some U.S. stocks to watch on Friday:


U.S. stocks were set for a slightly lower open as weakness in technology shares outweighed gains in other shares spurred by relief a premature pullback of central bank stimulus measures was unlikely. S&P 500 futures were down 3.6 points, Dow Jones industrial average futures were up 34 points, and Nasdaq 100 futures down 6.5 points.

** BLACKBERRY, Thursday close $14.48, down 18 pct premarket

Blackberry offered few signs of a long-promised turnaround on Friday, with an unexpected quarterly operating loss, few details on sales of its make-or-break new devices and no return to profit in the current quarter.

** AMEDISYS INC, Thursday close $13.29, down 21 pct premarket

** GENTIVA HEALTHCARE SERVICES INC, Thursday close $11.42, down 21 pct premarket

** LHC GROUP INC, Thursday close $22.53, 12 pct premarket

** ALMOST FAMILY INC, Thursday close $20.02, down 15 pct premarket

Reimbursement to home healthcare providers from the U.S. Medicare program will be cut by about 1.5 percent next year, under a rate change proposal made public by the Centers for Medicare and Medicaid Services on Thursday. (r.reuters.com/raj39t) Baird called the rate change "tragic" and the "absolute worst possible outcome for the sector."

** ARCH COAL INC, Thursday close 3.6 pct, up 10 pct premarket

The coal producer said it would sell its Utah subsidiary Canyon Fuel Company for $435 million to Bowie Resources LLC as it looks to focus on metallurgical coal and optimize its thermal coal assets. Arch Coal said it expects to save capital and administrative cost of more than $200 million from 2014 through 2017.

** DENDREON CORP, Thursday close $4.08, up 16 pct premarket

** RAPTOR PHARMACEUTICALS INC, Thursday close $9.37, up 2.2 pct premarket

** HOSPIRA, Thursday close $36.15


Experts at the European Medicines Agency recommended approval of a host of drugs including Dendreon’s cancer vaccine Provenge, Raptor’s Procysbi that treats a rare genetic disorder called nephropathic cystinosis, Hospira’s Inflectra that treats rheumatoid arthritis, inflammatory bowel disease and plaque psoriasis, and Stivarga, the colorectal cancer drug of Bayer and Onyx.

** AMERICAN SUPERCONDUCTOR CORP, Thursday close $4.96, up 7 pct after market

Chinese wind turbine maker Sinovel Wind Group Co and two of its employees were charged with stealing trade secrets from U.S.-based AMSC by the Department of Justice (DoJ) on Thursday.

** MOLYCORP INC, Thursday close $5.61, up 11 pct after market

The rare earths producer said the U.S. Securities and Exchange Commission has completed an investigation against the company and has not recommended any enforcement action. The SEC had started investigating the accuracy of Molycorp’s public disclosures last August.

** SUNTECH POWER HOLDINGS CO LTD, Thursday close $1.01, down 5 pct premarket

China-based solar panel maker, whose main unit is in insolvency proceedings, said it had struck a deal with a majority of its bondholders to defer payment on a $541 million loan until Aug. 30, the third time the company has reached such an agreement.

** ACCENTURE PLC, Thursday close $80.22, down 9 pct premarket

** INTERNATIONAL BUSINESS MACHINES CORP, Thursday close $195.65, down 2.2 pct

The outsourcing and consulting services provider cut its full-year outlook, citing a pullback in spending by its consulting business clients, after reporting third-quarter revenue below analysts’ estimates.

** BIOGEN IDEC INC, Thursday close $208.81, up 3.2 pct premarket

French drugmaker Sanofi’s hopes in the multiple sclerosis market received a double boost on Friday as the European regulator backed an injectable treatment and adopted a more positive stance toward a pill for the neurodegenerative disease. The decisions lifted the stock of Biogen Idec, a leader in the U.S. multiple sclerosis space with its key drug Tysabri.

** CALAMP CORP, Thursday close $14.38, up 2 pct after market

The wireless device maker reported first-quarter results that beat Wall Street estimates as revenue rose in its high-margin business that provides technologies, products and services to wireless networks. The company also forecast second-quarter revenue largely above expectations.

Brokerage Canaccord Genuity raised its price target on the stock to $20 from $16.

** PFIZER INC, $28.18 Thursday closing, up 1 pct premarket

The drugmaker authorized a $10 billion share repurchase program, in addition to the $3.9 billion remaining under its current share repurchase program.

** NIKE INC, Thursday close $62.32, down 1 percent premarket

The sports goods maker, which posted a higher quarterly profit on Thursday, said orders for its clothes and shoes jumped, particularly in North America, but orders were flat in China, stripping out the effect of currency fluctuations. The company, which receives about 11 percent of its sales and 22 percent of its profit from China, said it expects revenue from the region to fall in the first half of 2014.

** DANA HOLDING CORP, Thursday close $18.21

The auto parts supplier said it expanded its share repurchase program to up to $1 billion from $250 million.

** T-MOBILE US INC, Thursday close $24.55

** U.S. CELLULAR CORP, Thursday close $34.52

The fourth-largest U.S. wireless service provider agreed to buy wireless spectrum covering the Mississippi Valley region from U.S. Cellular for about $308 million in cash.

** NEW YORK TIMES CO, Thursday close $10.88

The New York Times has received multiple bids for The Boston Globe, according to a source familiar with the auction of the daily newspaper.

** SPRINT NEXTEL CORP, Thursday close $6.98

** CLEARWIRE CORP, Thursday close $4.98

U.S. regulators do not plan to ask Sprint or Clearwire to sell any spectrum as they near a vote on Sprint’s proposed buyout of Clearwire, two sources familiar with the matter said on Thursday. Regulators are examining Sprint’s proposed buyout of the shares it does not already own in Clearwire in the same review process as the $21.6 billion bid from Japan’s SoftBank Corp to buy 78 percent of Sprint.

** SHAW COMMUNICATIONS INC, Thursday close $22.88, up 1 pct premarket

The dominant cable company in Western Canada reported a small rise in third-quarter profit, driven by higher cable rates, and the company raised its 2013 cash-flow forecast.

** GOOGLE INC, Thursday close $877.07

Google is developing a videogame console and a wristwatch based on its Android operating system, according to a report in the Wall Street Journal. The devices could be available as soon as this Fall, the report, which cited anonymous sources, said. (Compiled by Kanika Sikka; Editing by Don Sebastian)

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