May 7, 2014 / 12:28 PM / 4 years ago

MARKET PULSE-Disney, Whole Foods, Electronic Arts, Trimble, FireEye

(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 rose on Wednesday following the biggest drop in the S&P 500 since mid-April, as earnings season began to wind down and ahead of congressional testimony from Federal Reserve Chair Janet Yellen. Dow Jones industrial average futures were up 0.40 percent at 16,425, S&P 500 futures were up 0.32 percent at 1,870.2 and Nasdaq 100 futures were up 0.38 percent at 3,564.5.

** WALT DISNEY CO, Tuesday close $81.03, +1.07 pct premarket

The media company reported a higher profit that beat Wall Street expectations for the quarter ended in March, boosted by the continued strength of its blockbuster animated film “Frozen.”

** PFIZER INC, Tuesday close $29.43, -0.48 pct premarket

Britain could use its public interest powers to intervene in U.S. drugmaker Pfizer’s $106 billion takeover bid for British pharmaceutical company AstraZeneca, Business Secretary Vince Cable said.

Separately, Pfizer sought to allay fears that its proposed takeover of AstraZenecawould deal a blow to drug research, saying the new company would bolster innovative science and speed the development of new treatments.

** COGNIZANT TECHNOLOGY SOLUTIONS CORP, Tuesday close $49.2, -4.47 pct premarket

The technology outsourcing company reported a better-than-expected profit for the first quarter as customers in Europe raised their IT spending.

** HSBC HOLDINGS PLC, Tuesday close $51.25, -0.74 pct premarket

The bank’s first quarter profits fell 20 percent from a year ago to $6.8 billion as revenue dipped at its investment bank, while last year’s earnings were swelled by asset sales.

** HEWLETT-PACKARD CO, Tuesday close $32.13

The company said it plans to invest more than $1 billion over the next two years to develop and offer cloud-computing products and services.

** WHOLE FOODS MARKET INC, Tuesday close $47.95, -17.79 pct premarket

The company cut its 2014 same-store sales and earnings forecast for the third time amid rising competition in the natural and organic grocery sector that it dominates.

** KING DIGITAL ENTERTAINMENT PLC, Tuesday close $18.76, +2.83 pct premarket

The social and mobile game company’s profit more than doubled in the first quarter, helped by higher gross bookings from its hit puzzle game “Farm Heroes Saga”.

** CHESAPEAKE ENERGY CORP, Tuesday close $28.35, +3.35 pct premarket

The second largest U.S. producer of natural gas reported a sharply higher quarterly profit on Wednesday, helped by higher prices.

** B/E AEROSPACE, Tuesday close $97.98

The company, which made a surprise announcement of reviewing strategic alternatives on Sunday, is actively engaging in early stage conversations with potential buyers but is not in advanced talks with any company, according to people familiar with the matter.

** ENCANA CORP, Tuesday close $22.58

Canada’s largest natural gas producer said it would buy $3.1 billion of assets in the oil-rich Eagle Ford shale basin in south Texas from Freeport-McMoRan Copper & Gold Inc FCX.N.

** HUMANA INC, Tuesday close $109.79, +0.19 pct premarket

The managed care company said it expects to add more customers to its Medicare Advantage plans in 2014 despite government cuts to funding and that its individual business will grow through new Obamacare plans.

** ELECTRONIC ARTS INC, Tuesday close $28.05, +15.86 pct premarket

** ACTIVISION BLIZZARD INC, Tuesday close $19.31, +3.57 pct premarket

The two video game publishers posted quarterly profit and revenue that beat expectations on Tuesday, sparking a rally in their shares

** UBS AG, Tuesday close $20.91, +0.29 pct premarket

The company is set to face opposition from shareholders for its involvement in various scandals, including a global probe into the largely unregulated $5.3 trillion-a-day foreign exchange market, at its shareholder meeting on Wednesday.

** COMMUNITY HEALTH SYSTEMS INC, Tuesday close $39.42

The hospital operator reported a first-quarter net loss on Tuesday, reflecting the costs of acquiring smaller rival Health Management Associates.

** MARATHON OIL CORP MRO.N, Tuesday close $11.04

The company’s first-quarter profit easily beat Wall Street’s expectations on Tuesday, helped by asset sales and a jump in North American shale production.

** TRIMBLE NAVIGATION LTD, Tuesday close $38.17, -12.23 pct premarket

The navigation software maker quarterly profit missed analysts’ expectations as a severe winter in North America hurt sales of its agriculture-related products.

** TALISMAN ENERGY INC, Tuesday close $10.21, +2.35 pct premarket

Canada’s No.5 independent oil and gas producer posted a first-quarter profit, compared with a year-earlier loss, as oil and natural gas liquids production in North America soared 45 percent.

** FIREEYE INC, Tuesday close $37.13, -12.79 pct premarket

The cybersecurity company forecast a bigger loss this year as it spends more on developing new products.

** TRIPADVISOR INC, Tuesday close $81.37, +2.62 pct premarket

The travel review website raised its 2014 growth forecast for referral revenue after reporting a 9 percent rise in quarterly profit, helped by increased revenue from referrals and display advertisements.

** HARLEY-DAVIDSON INC, Tuesday close $73.03

The motorcycle maker said on Tuesday it has hired a former General Motors Co engineer who oversaw an internal investigation of the defective ignition switch linked to at least 13 deaths.

** GOLDMAN SACHS, Tuesday close $154.54

The investment bank will relocate John Mahoney to Hong Kong to become head of its financial institutions unit in the Asia Pacific excluding Japan, a spokeswoman for the U.S. investment bank said.

** FIRST SOLAR INC, Tuesday close $67.45, +3.80 pct premarket

The company increased its full-year earnings forecast as its quarterly profit nearly doubled, helped by higher sales and a fall in operating expenses.

** RADIAN GROUP INC, Tuesday close $14.05, +0.71 pct premarket

The biggest U.S. private mortgage insurer said it would buy loan review firm Clayton Holdings LLC for $305 million to boost its presence in the industry.

** ALLSTATE CORP, Tuesday close $56.57

The largest listed U.S. home and auto insurer reported a better-than-expected quarterly profit as it earned higher insurance premiums across its businesses.


The broadcaster narrowed its loss in the first quarter, boosted by higher revenue after advertisers in its biggest market the Czech Republic returned following a price reduction.

** HYDROGENICS CORP, Tuesday close $21.44

The Canadian fuel cell maker reported a bigger first-quarter loss, hurt by higher expenses and lower sales.

** DEVON ENERGY CORP, Tuesday close $70.19

** CIMAREX ENERGY CO, Tuesday close $120

Devon Energy said on Tuesday it acquired 50,000 acres and some production in the Cana-Woodford Shale in Oklahoma for $249 million in cash from Cimarex Energy.

** TD AMERITRADE HOLDING CORP, Tuesday close $30.95, -1.78 pct premarket

** CHARLES SCHWAB CORP, Tuesday close $25.88, -1.28 pct premarket

** E*TRADE FINANCIAL CORP, Tuesday close $21.57, -1.72 pct premarket

The U.S. Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers’ orders are routed, executed and filled, according to several people familiar with the matter.

** AEGERION PHARMACEUTICALS INC, Tuesday close $44.16, -16.21 pct premarket

The company reported a wider-than-expected quarterly loss, hurt by an ongoing anti-corruption investigation in Brazil that impacted sales of its cholesterol-lowering drug, Juxtapid.

It also lowered its full-year net product sales outlook.

Deutsche Bank, which lowered its price target on the company’s stock to $70 from $115, said it would take “a couple of good quarters to turn investor sentiment back to positive”.

At least 4 other brokerages cut their price targets on the Aegerion stock.

** JIVE SOFTWARE INC, Tuesday close $7.37, +6.5 pct after market

The social media software maker reported a smaller-than-expected first-quarter loss on Tuesday and forecast higher revenue and a smaller loss for 2014.

** DUKE ENERGY CORP, Tuesday close $73.07

The largest U.S. power company by market value, reported a better-than-expected adjusted profit for the second straight quarter as a particularly harsh winter boosted power demand.

** ENBRIDGE INC, Tuesday close $48.67

Canada’s largest pipeline company reported a 56 percent rise in quarterly profit, helped by higher volumes on its regional oil sands system, and the company said it was on track to meet its full-year adjusted profit forecast.

** MONDELEZ INTERNATIONAL INC, Tuesday close $35.22, +5.76 pct premarket

Mondelez and D.E Master Blenders 1753 BV said they would combine their coffee businesses to create a company with annual revenue of more than $7 billion.

** GNC HOLDINGS INC, $43.65, -12.37 pct premarket

The health supplements retailer on Tuesday reported first-quarter results that fell short of analysts’ estimates as extreme cold weather in parts of the United States hit same-store sales.

The company also cut its earnings forecast for the year. (Compiled by Natalie Grover; Edited by Maju Samuel)

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