January 2, 2013 / 2:22 PM / in 5 years

MARKET PULSE-Apple, Zipcar, RIM, Synergy Pharmaceuticals

Jan 2 (Reuters) - Some U.S. stocks to watch on Wednesday:

(For more market insights, including options activity, click on ; for the day ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)


Wall Street was set to rally on the first trading day of 2013, after U.S. lawmakers agreed to a deal to avoid massive tax hikes and spending cuts that had threatened to hurt economic growth. S&P 500 futures were up 26.8 points, Dow Jones industrial average futures up 203 points, and Nasdaq 100 futures up 57.25 points.

** BANK OF AMERICA CORP, Monday close $11.61, up 3 pct premarket

** WELLS FARGO & CO, Monday close $34.18, up 2.52 pct premarket

** JPMORGAN CHASE & CO, Monday close $43.9691, up 2.12 pct premarket

** CITIGROUP Inc, Monday close $39.56, up 3.08 pct premarket

U.S. regulators are close to securing another multibillion-dollar settlement with the largest banks to resolve allegations that they unlawfully cut corners when foreclosing on delinquent borrowers, a source familiar with the talks said.

** APPLE INC, Monday close $532.17, up 3.19 pct premarket

The most valuable technology company has started testing a new iPhone and the next version of its iOS software, news website The Next Web reported. Application developers have found in their app usage logs references to a new iPhone identifier, iPhone 6.1, running iOS 7 operating system, the website reported.

** FACEBOOK INC, Monday close $26.6197, up 2.82 pct premarket

JP Morgan raised its price target on the stock to $35 from $29, saying the social network’s advertising revenue will rise at least through the first quarter of 2013, and the recently launched Facebook Exchange ad system would improve ad sales.

** SYNERGY PHARMACEUTICALS INC, Monday close $5.2599, up 16 pct premarket

The company said its experimental oral drug to treat chronic constipation due to an unknown cause met the main and key secondary goals of a Phase IIb/III study.

** AVIS BUDGET GROUP INC, Monday close $19.82, up 2.42 pct premarket

** ZIPCAR INC, Monday close $8.24, up 47.82 pct premarket

** Hertz Global Holdings Inc, Monday close $16.27, up 1.84 pct premarket

The car rental company said will buy Zipcar for about $500 million in cash to join larger rivals Hertz and Enterprise Holdings Inc in the fast-growing U.S. car-sharing market.

** RESEARCH IN MOTION LTD, Monday close $11.87, up 2.4 pct premarket

Wireless technology patent holder InterDigital Inc said it has extended a license agreement with the BlackBerry maker and added the license coverage for 4G products, including LTE and LTE-Advanced products.

** LIVE NATION ENTERTAINMENT, Monday close $9.31

** LIBERTY MEDIA CORP, Monday close $116.01

Irving Azoff, a legendary music manager who helped make stars out of The Eagles and Christina Aguilera, resigned as chairman of Live Nation Entertainment and sold some of his stake in the concert promotion giant to John Malone’s Liberty Media.

** SHAW GROUP INC, Monday close $46.61

** CHICAGO BRIDGE AND IRON CO NV, Monday close $46.35

James Bernhard, chief executive of engineering company Shaw Group, has sold off most of his stake in the company he founded after shareholders approved a sale to Chicago Bridge and Iron this month.

** GOLDMAN SACHS GROUP INC, Monday close $127.56, up 2 pct premarket

Ten senior Goldman Sachs executives, including Chief Executive Lloyd Blankfein, were on New Year’s Eve given stock pegged to earlier restricted awards worth tens of millions of dollars.

** ZYNGA INC, Monday close $2.36, up 1.69 pct premarket

The social games publisher confirmed on Monday that it has carried out 11 of the planned shutdowns of 13 game titles, with “Petville” being the latest game on which it pulled the plug.

** BEST BUY CO INC, Monday close $11.85, up 1.69 pct

The struggling retailer said on Monday that two of its board directors had resigned, including one of its former chief executives, almost seven months after its founder, who is now mounting a bid for the company, left the board.

** US STEEL CORP, Monday close $23.85, up 4 pct premarket

** OLYMPIC STEEL INC, Monday close $22.14

Credit Suisse upgraded US Steel, the top steel producer in the United States by volume, to “outperform” from “neutral”, theflyonthewall.com reported. The website also reported that the brokerage raised Olympic Steel’s rating to “neutral” from “underperform”. (Compiled by Arpita Mukherjee in Bangalore)

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