December 19, 2012 / 4:28 PM / 5 years ago

MARKET PULSE-Chinese solar cos, Markel, Oracle, GM, Oncothyreon, PLX

Dec 19 (Reuters) - Some U.S. stocks on the move on Wednesday:

(For more market insights, including options activity, click on STXNEWS/US; For the Morning News Call newsletter, click on (link.reuters.com/faq23t); For The Day Ahead newsletter, click on (link.reuters.com/mex49s)

** WALL STREET STEADIES AFTER TWO-DAY RALLY; ORACLE GAINS

U.S. stocks were little changed as investors found scant reason to continue buying following the best two-day rally for the S&P in a month. The Dow Jones industrial average was up 0.02 percent, the Standard & Poor’s 500 Index down 0.04 percent and the Nasdaq Composite Index up 0.10 percent.

** ORACLE CORP, $34.00, up 3 pct (0950 ET)

Shares of the world’s No. 3 software maker rose to their highest in 19 months after the company forecast strong sales for next year, prompting several brokerages to raise their price targets on the stock.

** ONCOTHYREON INC, $1.97, down 56 pct (0949 ET)

The biopharmaceutical company said a late-stage trial of its experimental lung cancer drug did not meet the main study goal of improving overall survival.

** TRINA SOLAR LTD, $4.38, up 10 pct (1047 ET)

** YINGLI GREEN ENERGY HOLDING, $2.46, up 8 pct (1047 ET)

** JA SOLAR HOLDINGS CO LTD, $4.31, up 9 pct (1048 ET)

** JINKOSOLAR HOLDING CO LTD, $6.98, up 7 pct (1049 ET)

** SUNTECH POWER HOLDINGS CO, $1.21, up 13 pct (1050 ET)

China will make regional adjustments to feed-in tariffs supporting solar power based on local "resource conditions," Bloomberg reported, citing a statement on the Chinese government's website. The Asian country, which is the biggest maker of solar panels, has unveiled a number of measures to support its ailing solar industry. (link.reuters.com/rup74t)

** CLIFFS NATURAL RESOURCES INC, $36.53, up 3 pct (1057 ET)

** ARCH COAL INC, $7.81, up 2 pct (1057 ET)

Chinese coal consumption will reach between 4.8 billion tonnes and 5.3 billion tonnes by 2020, the Xinhua state news agency said, quoting the chairman of China Coal Industry Association. Coal consumption in China has grown this year but at a slower pace, totalling 3.72 billion tonnes until November, the agency said. (link.reuters.com/rep74t)

** NEPTUNE TECHNOLOGIES & BIORESSOURCES INC , $1.91, up 12 pct (1101 ET)

The Canadian maker of nutritional supplements, whose plant was destroyed by fire in November, plans to resume significant production in six to nine months, its chief financial officer said, rejecting an online article that said “meaningful” production would restart only in 2014.

** MARTHA STEWART LIVING OMNIMEDIA INC, $2.35, down 8.9 pct (1005 ET)

The media and merchandising company said Chief Executive Lisa Gersh will step down and the company is searching for a replacement.

** PLX TECHNOLOGY INC, $3.67, down 18 pct (1110 ET)

** INTEGRATED DEVICE TECHNOLOGY INC, $7.07, up 2 pct (1110 ET)

The U.S. Federal Trade Commission issued an administrative complaint seeking to block a proposed $330 million purchase of PLX Technology by Integrated Device Technology, saying the combined firm would have a near-monopoly on certain computer components.

** MELLANOX TECHNOLOGIES LTD, $64.85, up 4.8 pct (1041 ET)

Barclays said Oracle Corp, which accounted for 5 percent of the chip designer’s sales this year, highlighted in its conference call on Tuesday how its Mellanox-based products were resulting in significant savings for its customers. The need for high-speed connections and increased focus on technologies like remote dynamic memory access plays to Mellanox’s strengths, Barclays analyst Joseph Wolf wrote in a note.

** GENERAL MOTORS CO, $27.43, up 8 pct (0949 ET)

The automaker said it will buy back 200 million of its shares from the U.S. Treasury, which intends to sell the rest of its stake in the company over the next 15 months, bringing to an end ownership that led many to dub the automaker “Government Motors.”

** KNIGHT CAPITAL GROUP, $3.55, up 7 pct (0948 ET)

Knight Capital, which suffered a near-fatal trading error in August, said it will be acquired by electronic trading firm Getco in a deal valued at $1.4 billion in cash and stock.

** SYNAPTICS INC, $29.90, up 6 pct (1033 ET)

J.P. Morgan Securities upgraded the stock to “overweight” from “neutral,” saying the touchpad maker is poised to return to year-on-year growth now. Synaptics, which is the world’s biggest maker of touchpads for PCs, has been grappling with lower PC sales that has been hit by a shaky global economy and the shift toward tablets. “Comparing 2012 year-to-date revenue trends for Synaptics versus nearest peers, we think the firm has begun to recapture market share,” J.P. Morgan analysts said.

** FEDEX CORP, $94.31, up 2 pct (0947 ET)

The company’s profit fell 11.9 percent in the second quarter, less than investors had feared, as the No. 2 U.S. package delivery company struggled to improve demand at its air freight business.

** NAVISTAR INTERNATIONAL CORP, $21.13, down 8 pct (0947 ET)

The U.S. truck and engine maker reported a quarterly loss of $2.77 billion as a failed engine project hit sales and its tax bill rose.

** CHICAGO BRIDGE AND IRON CO NV, $44.28, up 4 pct (0945 ET)

Chicago Bridge said its shareholders approved the company’s proposed takeover of U.S. engineering company Shaw Group.

** GULFPORT ENERGY CORP, $37.87, down 4 pct (0944 ET)

The oil and gas producer priced public offering of 11 million shares at $38.00 per share, below the stock’s Tuesday’s closing price of $39.38 on the Nasdaq. Net proceeds from the sale will be used to fund pending acquisition of oil and gas assets in the Utica shale in Ohio, Gulfport said.

** GREENBRIER COS INC, $21.00, up 3 pct (0943 ET)

** AMERICAN RAILCAR INDUSTRIES INC, $35.67, up 4 pct (0943 ET)

Greenbrier rejected a $543 million bid from activist investor Carl Icahn’s American Railcar Industries, saying the offer is not good enough, and expressed interest in buying American Railcar instead.

** ALTERRA CAPITAL HOLDINGS LTD, $28.47, up 23 pct (1043 ET)

** MARKEL CORP, $442.24, down 9 pct (1042 ET)

Specialty insurer Markel said it will buy Alterra for about $3 billion in cash and stock to diversify into reinsurance.

** SMITH & WESSON HOLDINGS CORP, $8.20, up 5 pct (0939 ET)

** STURM RUGER INC, $41.79, up 3 pct (0939 ET)

Shares of the gunmakers rose, snapping a two-day losing streak that was triggered by the Newtown elementary school shooting.

** JOHNSON CONTROLS INC, $30.18, up 3 pct (0938 ET)

The company said it expects 2013 net sales to go up 3 percent to 4 percent and earnings to be flat to 4 percent higher than fiscal 2012, helped by higher automotive production in North America and China and strong demand for its batteries across all regions. (Compiled by Garima Goel in Bangalore)

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