May 8, 2014 / 12:37 PM / 4 years ago

MARKET PULSE-Chelsea, Barclays, SolarCity, Tesla, JA Solar

(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 little changed on Thursday. Dow Jones industrial average futures were up 0.06 percent at 16,478, S&P 500 futures were down 0.16 percent at 1,871.2 and Nasdaq 100 futures were down 0.22 percent at 3,532.75.

** BARCLAYS PLC, Wednesday close $16.51, +5.75 pct premarket

The British bank reined in its ambitions to be a Wall Street powerhouse on Thursday and signaled a return to its retail banking roots with a plan to hive off much of its investment bank and axe one in four jobs at the division.

** SOLARCITY CORP, Wednesday close $47.71, +7.55 pct premarket

The largest residential solar panel installer in the United States raised its full-year forecast for installations after reporting a smaller first-quarter loss.

J.P. Morgan upgraded the company’s stock rating to “overweight” from “neutral”.

** CHELSEA THERAPEUTICS, Wednesday close $5, +31.60 pct premarket

Danish pharmaceutical company H. Lundbeck said it had entered into a definitive agreement with Chelsea Therapeutics under which it will acquire the U.S. company.

** APPLE INC, Wednesday close $592.33, -0.63 pct premarket

The company’s head of North America sales, Zane Rowe, will leave the company and will be replaced by Doug Beck, who oversees sales in Japan and Korea.

** JPMORGAN CHASE & CO, Wednesday close $54.05, +0.09 pct premarket

The bank said on Wednesday that it was closing the U.S. accounts of current and former foreign government officials to avoid the high compliance costs associated with these accounts.

** JA SOLAR HOLDINGS CO LTD, Wednesday close $9.85, +5.89 pct premarket

The Chinese company posted a first-quarter profit, compared with a year-earlier loss, driven by higher demand for its panels in Japan and Europe.

** RIO TINTO, Wednesday close $55.01, -0.55 pct premarket

Rio Tinto has a good relationship with the government of Guinea, its chairman said, however the company will pursue Brazil’s Vale and BSG Resources vigorously over the loss of its rights to half of the country’s massive Simandou concession.

** DISH NETWORK CORP, Wednesday close $62.66

The second-largest U.S. satellite TV company reported a better-than-expected 6 percent growth in quarterly revenue due to higher net subscriber additions.

** COSTCO WHOLESALE CORP, Wednesday close $111.98, +1.25 pct premarket

The company said its April same-store sales rose 5 percent, helped by higher gasoline prices.

** GENERAL MOTORS, Wednesday close $35.07, -0.29 pct premarket

The U.S. Department of Transportation has rebuffed a call by two Democratic senators to advise owners of 2.6 million recalled General Motors cars to stop driving them until they are repaired.

** TESLA MOTORS INC, Wednesday close $201.35, -9.71 pct premarket

The company led by billionaire Elon Musk on Wednesday offered an outlook for the second quarter that disappointed some investors.

** PFIZER INC, Wednesday close $29.02, +0.00 pct premarket

A stock market report in the Daily Mail newspaper said many investors believed Pfizer was working with its advisers on a “knockout offer” for Britain’s AstraZeneca that would be made by the weekend. Pfizer’s previous approach was promptly rejected by the AstraZeneca board.

** KEURIG GREEN MOUNTAIN INC, $92.21, +6.16 pct premarket

The K-cup coffee pod maker said on Wednesday it is expanding its partnership with J.M. Smucker Co with an agreement to make and sell Smucker coffee brands including Folgers in formats compatible with new Keurig brewing systems.

Keurig also reported a better-than-expected quarterly profit.

** COMCAST, Wednesday close $51.74

** TIME WARNER CABLE INC, Wednesday close $141.31

Comcast’s plan to merge with Time Warner Cable is expected to face criticism from an independent network, small and medium-sized cable operators and a former Internet partner when U.S. lawmakers meet on Thursday for a second time to discuss the controversial deal.


Canada’s largest listed drugmaker reported a 35 percent jump in cash earnings, helped by robust drug sales in the United States and in its Bausch & Lomb eyecare business.

** AMERICAN EXPRESS CO, Wednesday close $87.98

A lawsuit brought by the U.S. Justice Department and several states against the company over the credit card rules it imposed on merchants can move forward to trial, a U.S. judge ruled on Wednesday.

** GOOGLE INC, Wednesday close $509.96, -0.32 pct premarket

Google Ventures led a $130 million investment in oncology-data company Flatiron Health, Flatiron said on Wednesday.

** BIOTA PHARMACEUTICALS INC, Wednesday close $3.24, -13.58 pct premarket

The company said a U.S. agency has terminated funding for the development of its influenza drug.

** GILEAD SCIENCES INC, Wednesday close $78.77, +0.74 pct premarket

The maker of new hepatitis C treatment Sovaldi on Wednesday said its board has authorized the repurchase of up to $5 billion of the company’s shares.

** SUNEDISON INC, Wednesday close $18.31, -1.64 pct premarket

The solar company reported a larger-than-expected loss due to weak solar panel prices and higher costs associated with keeping rather than selling its solar power plants.

** ZILLOW INC, Wednesday close $93.63

The real estate website operator reported a surprise quarterly profit as more people signed up to rent, sell or mortgage properties, and forecast higher-than-expected revenue in the current quarter.

At least six brokerages raised their target prices on the company’s stock.

** BT GROUP PLC, Wednesday close $64.08, +2.53 pct premarket

Strong demand for fibre broadband and television helped the company to report higher-than-expected full-year results and give a bullish outlook.

** CHESAPEAKE ENERGY CORP, Wednesday close $29.61

The company said on Wednesday the U.S. Securities and Exchange Commission has ended its probe against the company and its former chief executive Aubrey McClendon.

** RANDGOLD RESOURCES LTD, Wednesday close $78.74

The company, which mines gold in three African countries, reported a 14 percent rise in first-quarter profit as higher output more than compensated for a drop in gold prices.

** DIAMONDBACK ENERGY INC, Wednesday close $75.72

Viper Energy Partners LP, an affiliate of the oil and gas company filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock.

** AVIS BUDGET GROUP, Wednesday close $54.03

The car rental company raised its full-year revenue and profit forecast, citing higher car rental volumes and rates in North America, and reported a higher-than-expected quarterly profit.

** 21ST CENTURY FOX INC, Wednesday close $32.12

The Rupert Murdoch-controlled television and film company reported a better-than-expected quarterly profit, helped by strong Super Bowl advertising and cable network growth.

** PRUDENTIAL FINANCIAL INC, Wednesday close $80.9

The second-largest U.S. life insurer reported a better-than-expected quarterly profit, driven by strong demand for its retirement services.

** HALCÓN RESOURCES CORP, Wednesday close $5.29, +4.91 pct premarket

The oil and natural gas producer on Wednesday posted an adjusted profit in the first quarter that was higher than expected as a jump in production offset steep impairment charges.

** VISTEON CORP, Wednesday close $62.66, +0.06 pct premarket

The auto parts maker reported a rise in quarterly revenue as higher vehicle production boosted sales of its climate control products.

** BARNES & NOBLE INC, Wednesday close $15.67

The company is turning to its college roots to boost its top line. The U.S. bookseller, which opened in 1965 as a university bookstore in New York, wants a much bigger presence on college campuses, where students last year spent an average of $1,200 on textbooks and supplies, according to the College Board.

** AMC NETWORKS INC, Wednesday close $65.52

The cable TV network reported a 37 percent jump in quarterly revenue as more people watched the fourth-season finale of its popular show “The Walking Dead”.

** CAESARS ENTERTAINMENT CORP, $21.18 -3.4 pct after market

The company on Wednesday reported a larger-than-expected quarterly loss as extreme cold weather in the United States, increased regional competition and continued weakness in the domestic gaming market hurt casino revenue.

** SPROUTS FARMERS MARKET INC, $27.4 +7.3 pct after market

The organic foods retailer on Wednesday reported better-than-expected quarterly results, helped by a 12.8 percent rise in same-store sales.

** WENDY’S CO, $8.33, +2.64 pct premarket

The restaurant operator reported better-than-expected quarterly results as successful promotions and increased customer traffic drove a 1.3 percent rise in company-operated same-restaurant sales.

** NICE SYSTEMS, Wednesday close $41.92, -6.25 pct premarket

The Israeli software provider trimmed 2014 estimates after first-quarter profit and revenue fell short of expectations. (Compiled by Natalie Grover; Edited by Maju Samuel)

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