February 12, 2013 / 1:07 PM / in 5 years

MARKET PULSE-Facebook, Blackberry, Apple, Nokia

Feb 12 (Reuters) - Some U.S. stocks to watch on Tuesday:


Futures for the S&P 500 were down 0.2 percent, Dow Jones futures were down 0.2 percent and Nasdaq 100 futures were down 0.1 percent at 1019 GMT.

** FACEBOOK INC, Monday close $28.26, down 3 pct premarket

The company was sued by Rembrandt Social Media, a patent-holding company that claims Facebook is infringing a technology that patents the “like” function used on the social network.

** APPLE INC, Monday close $479.93

A U.S. judge approved the iPhone maker’s request to speed up the schedule in a lawsuit filed by star hedge fund manager David Einhorn’s Greenlight Capital, part of an effort to get the company to share its huge cash reserves with investors.

** BLACKBERRY , Monday close $15.73, down 2.6 pct premarket

** HOME DEPOT INC, Monday close $66.38

Shares of the smartphone maker fell 3 percent on Monday after U.S. home improvement retailer Home Depot Inc said it is replacing BlackBerry phones it provides its executives and managers with Apple Inc’s iPhone.

** NOKIA , Monday close $4.15

The Finnish phone maker said on Tuesday it was protesting against a tax investigation in India, a crucial market, in the latest dispute involving a foreign company’s tax.

** NIELSEN HOLDINGS NV, Monday close $32.67

The TV ratings company increased the size of its contract with India’s top software services exporter, Tata Consultancy Services, to $2.5 billion from $1 billion.

** REXNORD CORP, Monday close $20.21, up 13 pct after market

The industrial parts maker said it would explore strategic alternatives, including a sale of the company, less than a year after going public.

** MASCO CORP, Monday close $17.79, up 8.7 pct after market

The home improvement and building products company reported a better-than-expected quarterly profit of 4 cents per share.

** LIONS GATE ENTERTAINMENT CORP, Monday close $19.74, up 1.7 pct after market

The company reported a third-quarter profit of 28 cents per share, largely beating what analysts’ had expected. Analysts on average expected a profit of 16 cents per share.

** COLGATE-PALMOLIVE CO, Monday close $108.29

** AVON PRODUCTS INC, Monday close $17.28

** PROCTER & GAMBLE CO, Monday close $75.81

** KIMBERLY-CLARK CORP, Monday close $90.40

Venezuela’s latest currency devaluation will hurt a range of U.S. and European companies that sell to consumers in the country, as state-imposed price controls make it more difficult for those companies to protect their profits.

On Friday, Venezuela devalued the bolivar by 32 percent, its fifth such move in a decade. For U.S. companies that do substantial business in the country, that means their earnings in bolivars are now worth less when converted back to dollars.

** DISH NETWORK CORP, Monday close $37.11

** CLEARWIRE CORP, Monday close $3.91

** SPRINT NEXTEL, Monday close $5.79

Dish Chairman Charlie Ergen dismissed speculation his surprise $2.3 billion bid for Clearwire was “illusory,” saying that he wanted a stake in the wireless company and that rival bidder Sprint would have to work to fend off Dish.

** BNY MELLON CORP, Monday close $27.93

The company said on Monday it will take an $850 million charge against first-quarter profit after losing a high-stakes tax case to the U.S. Internal Revenue Service, a move that will also erode some of its capital.


Carnegie Mellon University is asking a court to make Marvell Technology pay up to three times the $1.17 billion jury verdict that the chipmaker was ordered to pay in December for patent infringement.

** CARLYLE GROUP, Monday close $32.50

** NASDAQ OMX GROUP, Monday close $30.38

The private equity firm recently approached Nasdaq about taking the exchange operator private, but the talks fell apart over a disagreement on price, sources familiar with the deal said on Monday.

** TELECOM ITALIA , Monday close $8.52

Moody’s has cut its rating on the Italian telecom operator by one notch to Baa3, citing weaker cash flow and a failure to meet a year-end debt target as its core domestic market falters.

** HUNTSMAN CORP, Monday close $19.07

The chemical maker’s quarterly results beat Wall Street estimates as it managed to raise prices on polyurethane, used in foam insulation.

** COCA-COLA CO, Monday close $38.61

The world’s largest soft drink maker reports earnings before markets open. It may give investors their first look at how the soft drink industry performed in the fourth quarter, in which consumers’ spending plans were affected by Superstorm Sandy and the uncertainty of fiscal negotiations in Washington.

** MCGRAW-HILL COS INC, Monday close $44.28

The company reports financial results before markets open, but it may be a low priority with investors, who seek reassurance that the firm will be able to defend itself against the $5 billion civil lawsuit filed by the Justice Department alleging illegal behavior in rating mortgage bonds that went bust during the crisis.

** AVON PRODUCTS INC, Monday close $17.28

The world’s largest direct seller of cosmetics reports fourth-quarter results before markets open with Wall Street eager to see stabilization in its sales, particularly its business in Brazil and Russia, two previously hot markets where its brand has cooled.

** MARSH & MCLENNAN CO INC, Monday close $36.35

The world’s second-largest insurance broker reports results before markets open and is expected to beat expectations. The company has said it has the capacity to weather the impact from Superstorm Sandy.

** LEVEL 3 COMMUNICATIONS INC, Monday close $24.66

The network provider and content delivery company is expected to post strong results before markets open on growth from U.S. and Latin American enterprise sales. (Compiled by Mridhula Raghavan in Bangalore)

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