February 12, 2013 / 1:28 PM / 5 years ago

MARKET PULSE-Stemcells, Michael Kors, Ziopharm, Hercules, Masco

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


Index futures were little changed in low volume, hovering near multi-year highs as traders look ahead to President Barack Obama’s State of the Union address. The Dow Jones industrial average was down 21.81 points, or 0.16 percent, to 13,971.16. The S&P 500 was down 0.92 points, or 0.06 percent, to 1,517.01 and the Nasdaq Composite edged down 1.87 points, or 0.06 percent, to 3,192.00.

** STEMCELLS INC, Monday close $1.64, up 34 pct premarket

The company said data from its trial testing purified human neural stem cells in patients with chronic spinal cord injury showed that gains in sensory function observed at six months in two of the three patients persisted at 12 months.

** MICHAEL KORS HOLDINGS LTD, Monday close $57.00, up 11 pct premarket

The fashion company reported a sharply higher quarterly profit on Tuesday, fueled by a 70 percent gain in revenue.

** ZIOPHARM ONCOLOGY INC, Monday close $3.99, up 10 pct premarket

The cancer drug maker said a late-stage trial for its experimental bone cancer drug reached the target number of events that are required to complete the study and analyze the data. The drug palifosfamide, or ZIO-201, was being tested in patients with first-line, metastatic, soft tissue sarcoma. The company will announce results from the trial during the last week of March 2013.

** APPLE INC, Monday close $479.93, down 0.2 pct premarket

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

U.S. home improvement retailer Home Depot Inc said on Monday it was replacing BlackBerry phones it provides its executives and managers with Apple Inc’s iPhone.

** MASCO CORP, Monday close $17.79, up 6.8 pct premarket

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

** BOYD GAMING CORP, Monday close $7.48, down 5 pct premarket

Goldman Sachs downgraded the casino operator’s stock to “sell” from “neutral,” according to theflyonthewall.com.

** AVON PRODUCTS INC, Monday close $17.28, up 3.6 pct premarket

The world’s largest direct seller of cosmetics reported a better-than-expected quarterly profit as it sold more items, lined up more sales representatives and cut marketing and personnel costs.

** LEVEL 3 COMMUNICATIONS INC, Monday close $24.66, down 3.5 pct premarket

The network provider and content delivery company reported a quarterly that was bigger than what analysts on average expected according to Thomson Reuters I/B/E/S.

** HERCULES OFFSHORE INC, Monday close $7.02, up 3.7 percent premarket

The shallow-water drilling contractor swung to a quarterly profit and said it embarked on its first rig reactivation due to limited availability of rigs and strong interest from customers in the Gulf of Mexico. “Market fundamentals in the U.S. Gulf of Mexico strengthened throughout 2012, to levels that, in many respects, are the best they have been in the long history of drilling in the region,” CEO John Rynd said.

** FOSSIL INC, Monday close $107.46, down 2.7 pct premarket

The fashion accessory maker and retailer reported a 28 percent rise in quarterly profit on improved sales across categories, especially in its direct-to-consumer business.

** REYNOLDS AMERICAN INC, Monday close $44.22, up 2.5 pct premarket

The tobacco company reported fourth-quarter results that beat Wall Street estimates on the back of strong performances by its American Snuff brands. The company forecast a profit of between $3.15 and $3.30 per share for full year, above analysts’ expectations of $3.12 per share.

** QUALCOMM INC, Monday close $67.18, down 2 pct premarket

JP Morgan downgraded the chipmaker’s stock to “neutral” from “overweight”, according to Streetinsider.com.

** GOODYEAR TIRE & RUBBER CO, Monday close $13.91, down 1.8 pct premarket

The top U.S. tire maker posted a stronger-than-expected quarterly profit, but cut its 2013 forecast due to weakness in the European automotive market.

** BNY MELLON CORP, Monday close $27.93, down 1 pct premarket

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.

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

The company which is being sued by the U.S. government for bond ratings issued by its Standard & Poor’s unit, said quarterly profit from continuing operations rose 86 percent, driven by higher debt issuance.

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

The world’s second-largest insurance broker’s fourth-quarter profit rose 2 percent, helped by growth in its core insurance business.


The U.S. asset manager said fourth-quarter net revenue rose 13 percent to $705 million after it booked positive net flows from customers for the first time since before the financial crisis.

** OMNICOM GROUP INC, Monday close $55.36

The largest U.S. advertising company and home to agencies such as BBDO Worldwide and DDB Worldwide, reported a 13 percent jump in quarterly profit on higher domestic revenue.

** CAPELLA EDUCATION CO, Monday close $32.01

The for-profit college’s new student sign-ups rose for the second straight quarter and the company said it expects them to grow further in the current quarter.

** 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.

** 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.

** APACHE CORP, Monday close $83.81, up 0.22 pct premarket

The oil and natural gas producer raised its quarterly dividend by 18 percent to 20 cents per share, citing strong cash-flow generating capacity of the company’s properties and its solid financial position.

** 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.


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.

** NOBLE ENERGY INC, Monday close $112.75

BMO Capital Markets downgraded the oil and gas company to “market perform” from “outperform,” citing the run up in the company’s shares in the past six months. The brokerage also lowered its earnings estimates for the company for 2013 and 2014 after Noble Energy forecast lower-than-expected production for the first quarter.

** NOKIA OYJ , 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. (Compiled by Mridhula Raghavan in Bangalore)

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