February 4, 2014 / 12:47 PM / 4 years ago

MARKET PULSE-Michael Kors, Yum Brands, BP, Wal-Mart, Polycom

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s) U.S. stock index futures were up on Tuesday. Dow Jones industrial average futures were up 0.23 percent at 15,327, S&P 500 futures were up 0.31 percent at 1,738.1 and Nasdaq 100 futures were up 0.32 percent at 3,441.

** MICHAEL KORS HOLDINGS LTD, Monday close $76.67, +20.06 pct premarket

The company reported a 77 percent jump in third-quarter profit as shoppers snapped up its handbags and accessories.

** GOOGLE INC, Monday close $1,133.43, +0.23 pct premarket

The company’s Executive Chairman Eric Schmidt expressed confidence on Monday that Lenovo Inc would gain approval from U.S. regulators to buy Google’s Motorola smart-phone hardware business in what would be China’s biggest technology acquisition to date.

** YUM BRANDS INC, Monday close $66.16, +4.29 pct premarket]

The KFC parent reaffirmed on Monday its 2014 profit forecast amid worries about a resurgent bird flu in China, its top market for sales. Yum forecast earnings per share growth of at least 20 percent for 2014.

** BP PLC, Monday close $46.11, -1.43 pct premarket

The world’s fourth-biggest publicly traded oil company reported a sharp drop in fourth-quarter profits, partly due to weakness in its refining business, providing more evidence of difficult times across the “big oil” sector.

** WAL-MART STORES INC, Monday close $72.66

The company said it would invest about $500 million this year to strengthen its presence in Canada, creating more than 7,500 jobs including construction.

** ASBURY AUTOMOTIVE GROUP INC, Monday close $45.42

The U.S. auto dealer posted an 18 percent rise in quarterly profit due to higher sales of both new and used vehicles.

** ARM HOLDINGS, Monday close $45.81, -4.80 pct premarket

The British chip designer said a slowdown in demand for Apple and Samsung smartphones was behind a smaller-than-expected rise in fourth-quarter royalty revenues.

** CENTENE CORP, Monday close $59.11

The health insurer reported a nearly six-fold rise in quarterly profit, helped by new contract wins and expansion of existing contracts.

** EMERSON ELECTRIC CO, Monday close $64.25

The company reported just a 2 percent rise in first-quarter profit as demand in Europe remained stagnant.

** HOLOGIC INC, Monday close $20.47

The medical device maker reported a better-than-expected adjusted quarterly profit as it sold more 3D systems that help detect breast cancer, and its CEO said he would pursue the strategic review started by his predecessor.

** HARTFORD FINANCIAL SERVICES GROUP, Monday close $32.18, +2.39 pct premarket

The insurer’s quarterly profit exceeded average analyst estimate as the company benefited from lower disaster losses. Hartford also announced a new $2 billion share buyback plan.

** WHOLE FOODS MARKET INC, Monday close $52.23

** SAFEWAY INC, Monday close $30.06

Whole Foods Market, the largest U.S. natural and organic grocery chain, said it bought seven Dominick’s Finer Foods stores leases in Chicago from Safeway. The company said it expected to reopen the stores as Whole Foods Market stores in 2015.

** SILVER STANDARD RESOURCES, Monday close $7.69

** GOLDCORP INC, Monday close $24.75

** BARRICK GOLD, Monday close $19.3, -0.52 pct premarket

Silver Standard Resources said it would buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp and Barrick Gold in a deal that would provide the Canadian miner more exposure to gold.

** BOEING, Monday close $123.08, -0.86 pct premarket

A computer malfunction on the company’s 787 Dreamliner forced LOT to call off a transatlantic flight from Warsaw late on Monday and switch the passengers onto another jet instead, the Polish airline said.

** MICROSOFT CORP, Monday close $36.48, -0.16 pct premarket

As the company prepares to unveil insider Satya Nadella as its new chief executive, investors and analysts are weighing how effective the 22-year veteran will be in re-igniting the company’s mobile ambitions and satisfying Wall Street’s hunger for cash.

** SPRINT CORP, Monday close $7.85

** T-MOBILE US INC, Monday close $29.53

Federal Communications Commission Chairman Tom Wheeler expressed his skepticism about a potential merger between Sprint and T-Mobile in a meeting with Sprint Chairman Masayoshi Son on Monday, according to an FCC official briefed on the matter.

** INTEL CORP, Monday close $23.95, +0.29 pct premarket

The company, wrestling with shrinking personal computer sales and struggling to expand into mobile devices, said on Monday that it was tightening its compensation policy to make senior executives more accountable.

** LIBERTY GLOBAL, Monday close $79.03

** DISCOVERY COMMUNICATIONS, Monday close $78.04

Liberty Global and Discovery Communications have made a joint approach to CVC Capital about buying a 49 percent stake in Formula One, the Telegraph reported, without citing sources.

** SUNCOR ENERGY INC, Monday close $32.07

The Canadian company said on Monday it swung to a fourth-quarter profit of C$443 million ($400 million) as crude output from oil sands projects in northern Alberta hit record highs.

** MARRIOTT INTERNATIONAL, Monday close $47.47

** STARWOOD HOTELS AND RESORTS, Monday close $72.16


A credit card data breach has been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.

** DISH NETWORK CORP, Monday close $54.6

An investment vehicle owned by the company’s Chairman Charles Ergen is joining an existing lender group to extend $33 million in financing to bankrupt wireless company LightSquared, court filings show.

** BANK OF AMERICA MERRILL LYNCH, Monday close $16.35, -0.31 pct premarket

The bank is raising salaries for some of its senior bankers by about 20 percent, a person familiar with the matter said on Monday, to get around a new European Union cap on pay.

** ANADARKO PETROLEUM CORP, Monday close $78.17

The company reported on Monday a wide quarterly loss on hefty provisions for divestitures and legal wrangling over the Tronox case - warning that potential damages stemming from the litigation may rise.

** EDWARDS LIFESCIENCES CORP, Monday close $64.17

The medical device maker said on Monday that fourth-quarter net earnings declined due to restructuring charges and costs for launching its next-generation replacement heart valves.

** CEPHEID, Monday close $49.88, -5.00 pct after market

The medical device maker said it planned to offer $250 million of convertible senior notes due 2021.

The interest rate, conversion rate, offering price and other terms will be determined through talks between Cepheid and the initial purchasers, the company said.

** HALOZYME THERAPEUTICS INC, Monday close $14.735, -5.00 pct after market

The drugmaker said it commenced a public offering of $100 million of its common shares.

J.P. Morgan Securities and Citigroup were the joint book-running managers for the offering, the company said.

** POLYCOM INC, Monday close $11.72, +1.62 pct premarket

Activist investor George Soros reported a 6.95 percent passive stake in the videoconferencing company as of Jan. 24. (r.reuters.com/jez56v)

** SUPERIOR ENERGY SERVICES INC, Monday close $23.16, +7.40 pct after market

A vice president of the oilfield services company sold more than 3,100 shares at a 2 percent premium to the stock’s Monday closing price, Superior Energy said in a regulatory filing.

** WESTELL TECHNOLOGIES INC, Monday close $3.65, +7.67 pct premarket

The company, which provides equipment for telecom service providers, reported a better-than-expected profit for the third quarter on Monday, helped by strong demand for its wireless products. (Compiled by Natalie Grover in Bangalore; Editing by Kirti Pandey)

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