Feb 12 (Reuters) - Some U.S. stocks to watch on Tuesday:
Stock index futures dipped in low volume, hovering near multi-year highs as traders awaited President Barack Obama’s State of the Union address. S&P 500 futures fell less than 1 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dipped 4 point and Nasdaq 100 futures fell 3 points.
** COCA-COLA CO, Monday close $38.61, down 0.65 pct premarket
The world’s largest soft drink maker, with brands such as Sprite, Fanta and Minute Maid, on Tuesday said revenue rose 4 percent to $11.46 billion. But analysts were expecting $11.53 billion, according to Thomson Reuters I/B/E/S.
** BARCLAYS Plc , Monday close $18.83, up 6.7 pct premarket
New Chief Executive Antony Jenkins pledged a fresh course for the British lender, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.
** MELA SCIENCES INC, Monday close $1.69, down 17 pct premarket
The medical device maker priced an offering of 6.1 million shares of its common stock at $1.30 per share. The company plans to use the proceeds to continue the launch of its dermatology device MelaFind in the United States and European Union, for research and development activities and general corporate purposes.
** 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 12 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.
** FACEBOOK INC, Monday close $28.26, down 2.5 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.
** NEXEN INC , Monday close $26.87, up 2 pct premarket
U.S. regulators have approved the $15.1 billion takeover of the Canadian oil and gas company by China’s state-owned CNOOC , removing the final barrier to China’s largest foreign takeover.
The companies had been awaiting U.S. approval of the deal because Nexen has assets in the Gulf of Mexico, as well as in Canada and other countries.
** 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 7 pct premarket
The home improvement and building products company reported a better-than-expected quarterly profit of 4 cents per share.
** GOODYEAR TIRE & RUBBER CO, Monday close $13.91, down 5 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.
** 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.
** REYNOLDS AMERICAN INC, Monday close $44.22, up 2.2 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.
** MCGRAW-HILL COS INC, Monday close $44.28, down 1.5 pct premarket
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.
** J.M. SMUCKER CO, Monday close $88.75, up 1.5 pct premarket
Sanford C. Bernstein upgraded the company’s stock to “outperform” from “market perform,” according to benzinga.com.
** LIONS GATE ENTERTAINMENT CORP, Monday close $19.74, up 1.3 pct premarket
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.
** QUALCOMM INC, Monday close $67.18, down 1.2 pct premarket
JP Morgan downgraded the chipmaker’s stock to “neutral” from “overweight”, according to Streetinsider.com.
** 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.
** FOSSIL INC, Monday close $107.46, down 0.3 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.
** 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.
** ALLIANCEBERNSTEIN HOLDING LP, Monday close $21.44
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.
** 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.
** MARVELL TECHNOLOGY GROUP LTD, Monday close $9.55
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)