March 11, 2014 / 1:23 PM / 4 years ago

MARKET PULSE-La Jolla, Boyd Gaming, FuelCell, Fuel Tech, E-House

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures were higher on Tuesday. Dow Jones industrial average futures were up 0.01 percent at 16,415, S&P 500 futures were up 0.05 percent at 1,878.2 and Nasdaq 100 futures were up 0.09 percent at 3,711.

** LA JOLLA PHARMACEUTICAL CO, Monday close $10.9, +67.80 pct premarket

The company said its lead experimental drug to treat chronic kidney disease met the main goal of improving kidney function in a mid-stage study. Wedbush raised its price target on the stock to $32 from $27.

** BOYD GAMING CORP, Monday close $11.8, +17.37 pct premarket

Hedge fund Elliott International disclosed a 4.99 percent stake in the gaming company on Monday. Elliott International also said it may propose changes to Boyd Gaming's operations, dividend policy, management and board composition. [ ]

** POWERSECURE INTERNATIONAL INC, Monday close $23.1, +11.47 pct premarket

The electric utility products maker reported a better-than-expected fourth-quarter profit on Monday, mainly driven by an 81 percent jump in utility infrastructure revenue.

Analysts at Baird Equity Research raised their price target on the stock to $29 from $26, citing results and increasing demand across all business units.

** FUELCELL ENERGY INC, Monday close $3.93, +16.79 pct premarket

The U.S. developer of next-generation fuel cell power plants said on Monday that revenue jumped and losses narrowed in the first quarter amid growing demand for multi-megawatt fuel cell parks.

** AMERICAN EAGLE OUTFITTERS INC, Monday close $14.21, -5.00 pct premarket

The teen apparel retailer forecast earnings for the current quarter that fell short of analysts’ expectations, saying a severe winter had hurt demand.

** MYRIAD GENETICS INC, Monday close $37.75, -8.58 pct premarket

** QUEST DIAGNOSTICS INC, Monday close $52.66, +0.78 pct premarket

The diagnostics company said a U.S. court denied its motion to temporarily stop rival Ambry Genetics Corp from selling products similar to Myriad’s gene-based cancer test. The U.S. Supreme Court ruled in June that the company could not patent naturally occurring human genes, allowing Quest Diagnostics and Ambry to develop and market the so-called BRCA tests.

** J C PENNEY CO INC, Monday close $8.42, +7.36 pct premarket

Citigroup upgraded the retailer’s stock to “buy” from “neutral” as it expects the company to increase comparable-store sales by focusing on home and private-branded products, and editing out inappropriate merchandise. The brokerage also raised its price target on the company’s stock to $11 from $7.50.

** OXFORD LANE CAPITAL CORP, Monday close $17.8, -5.28 pct premarket

The investment company said it commenced an underwritten public offering of 2.3 million shares. The company plans to use the proceeds for investments and general working capital purposes. Deutsche Bank Securities and Ladenburg Thalmann & Co Inc are the bookrunning managers. The company had about 8 million shares outstanding, according to a regulatory filing on March 10.

** URBAN OUTFITTERS INC, Monday close $37.51, -3.76 pct premarket

Teen apparel retailer Urban Outfitters reported lower-than-expected quarterly sales, citing severe winter weather in the United States, and said it was “very cautious” on its current-quarter performance.

** FUEL TECH INC, Monday close $6.87, -20.82 pct premarket

The maker of pollution control products reported lower-than-expected fourth-quarter results, hurt by lower U.S. bookings at its larger air pollution control business.

** E-HOUSE (CHINA) HOLDINGS LTD, Monday close $15.74, +4.19 pct premarket

The real estate services provider reported a 67 percent jump in fourth-quarter revenue and said it would enter into a financial services JV with Sina Corp, Sequoia Capital China and Yunfeng Capital. The company said it would also form a community value-added services JV with Sina, Focus Media Holding Ltd and Shentong Express Co Ltd but did not disclose the value of its stake in either JV.

** HERBALIFE LTD, Monday close $66.16, -0.32 pct premarket

William Ackman’s hedge fund Pershing Square Capital Management LP said it would unveil on Tuesday details about Herbalife’s violations in China as the activist investor sharpened his attack against the nutritional products company.

** DOUGLAS DYNAMICS, Monday close $16.32, +6.31 pct premarket

The company, which makes ice control equipment for light trucks, reported higher-than-expected fourth-quarter results due to increased snowfall in the United States.

** PERFECT WORLD CO LTD, Monday close $23.39, +3.38 pct premarket

The China-based online game developer reported better-than-expected fourth-quarter revenue on Monday, helped by strong sales of its ‘Return of the Condor Heroes’ and ‘Zhu Xian’ games. Pacific Crest Securities raised its price target on the stock to $28 from $24 on Tuesday.

** HILL INTERNATIONAL INC, Monday close $4.95, +4.6 pct after market

The company, which provides project management services to builders, reported fourth-quarter results above analysts’ average estimate due to higher consulting fee revenue.

** MICROSOFT CORP, Monday close $37.82, +0.34 pct premarket

Microsoft is betting on making sci-fi combat game “Titanfall” a hit big enough to boost sales of its Xbox One videogame device, helping it catch up in terms of sales with rival Sony Corp’s PlayStation 4 console.

** THE BOEING CO, Monday close $126.89, -0.06 pct premarket

Boeing has delayed a decision on where it will build the 787-10, the newest version of its 787 Dreamliner, a spokeswoman confirmed on Monday.

** TARGET CORP, Monday close $61.16

Target has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own.

** FREEPORT-MCMORAN COPPER & GOLD INC, Monday close $31.38, +0.16 pct premarket

Freeport-McMoRan Copper and Gold has cut ore production at its Indonesian copper and gold mine by around 60 percent, a union official said, two months after the U.S. miner halted exports over a dispute with the government on a new tax.

** CAPSTONE TURBINE CORP, Monday close $1.96, +13.78 pct premarket

Analysts at Cowen & Co raised their price target on the microturbine maker’s stock to $2.70 from $1.90, citing opportunities for the company’s technology in North Dakota’s Bakken shale field.

** ANGLOGOLD ASHANTI, Monday close $18.56, +1.45 pct premarket

Workers at the company’s Sadiola and Yatela gold mines in Mali have postponed the start of a strike for a few days to allow negotiations over redundancy payouts, a union official said on Monday.

** DDR CORP, Monday close $16.41

The shopping center owner and operator has agreed to sell out of its Brazilian joint venture to focus on the acquisition and redevelopment of shopping centers at home in the United States.

** CANADIAN PACIFIC RAILWAY, Monday close $154.35,

Canadian Pacific Railway, the country’s second-largest railroad, said it would buy back up to 5.3 million shares, or about 3 percent of its total outstanding shares, over the next year.

** AMGEN INC, Monday close $125.4

Germany’s Bayer said a final stage Phase III clinical trial of cancer drug Nexavar as an adjuvant therapy for liver cancer did not meet its main target. Nexavar, or sorafenib, is made by Bayer and Onyx Pharmaceuticals, and is already approved to treat advanced kidney cancer and liver cancer that cannot be surgically removed. (Reporting by Shubhankar Chakravorty in Bangalore; Editing by Don Sebastian)

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