February 12, 2013 / 3:13 PM / 5 years ago

MARKET PULSE-Coca-Cola, Avon, Goodyear, Michael Kors, Albany Molecular

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


Stocks were little changed, hovering near multi-year highs as traders awaited President Barack Obama’s State of the Union address. The Dow Jones industrial average rose 7.6 points or 0.05 percent, to 13,978.84, the S&P 500 lost 0.27 points or 0.02 percent, to 1,516.74 and the Nasdaq Composite dropped 1.41 points or 0.04 percent, to 3,190.59.

** COCA-COLA CO, $37.95, down 1.7 pct (0946 ET)

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.

** ALBANY MOLECULAR RESEARCH INC, $7.20, up 27 pct (0949 ET)

The contract research and manufacturing company reported fourth-quarter results which beat analysts’ estimates, helped by growth in its large scale manufacturing business. An adjusted profit of 17 cents per share handily beat analysts’ estimates of 9 cents per share, while revenue of $67.2 million beat estimates of $56.5 million.

** SPIRIT AEROSYSTEMS HOLDINGS INC, $17.36, up 7.8 pct (0948 ET)

The company, which supplies parts for aircraft including Boeing Co’s Dreamliner, reported better-than-expected quarterly results on strong global orders for aircraft and reiterated its 2013 outlook.

** CUTERA INC, $12.35, up 9 pct (0950 ET)

The medical device maker swung to a quarterly profit that beat analysts’ estimates driven primarily by sales of its aesthetic treatment products truSculpt and ExcelV.

** AMSC, $2.89, down 7.6 pct (0944 ET)

The electrical component maker for wind turbines reported a third-quarter revenue that missed analysts’ expectations by a wide margin as the company could not recognize revenue from one if its customers. The customer paid for the product, but could not accept the delivery, AMSC said. Accordingly, AMSC could not recognize the revenue, it said.

** SOLARCITY CORP, $17.69, up 6 percent (1000 ET)

The residential solar financing market is expected to rise to $5.7 billion in 2016 from $1.3 billion in 2012, GTM Research said on Monday. The research report also noted that SolarCity was the largest residential installer in the country in 2012, with its market share more than double that of its nearest competitor.

** OCEAN RIG UDW INC, $16.65, down 5.1 pct (0949 ET)

The driller, which is majority-owned by DryShips Inc , said the drybulk shipper will offer 7.5 million Ocean Rig shares, raising about $126.4 million. DryShips will own a 59.4 percent stake in Ocean Rig following the offering, which will close on Feb. 14. The offering values Ocean Rig shares at about $16.85, a 4 percent discount to the stock’s Monday close.

** BARCLAYS PLC , $20.10, up 6.7 pct (0949 ET)

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, $1.51, down 10.5 pct (0949 ET)

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, $2.01, up 22 pct (0950 ET)

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, $63.66, up 11.7 pct (0950 ET)

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

** ZIOPHARM ONCOLOGY INC, $4.47, up 12 pct (0950 ET)

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, $27.90, down 1.3 pct (0951 ET)

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 , $27.43, up 2 pct (0951 ET)

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.

** MASCO CORP, $19.79, up 11 pct (0952 ET)

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

** GOODYEAR TIRE & RUBBER CO, $13.43, down 3.4 pct (0952 ET)

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, $7.17, down 4.1 pct (0953 ET)

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

** AVON PRODUCTS INC, $20.00, up 15.7 pct (0953 ET)

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, $21.55, down 12.6 pct (0953 ET)

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, $7.19, up 2.5 pct (0954 ET)

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, $43.78, up 1 pct (0954 ET)

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.

** JM SMUCKER CO, $89.51, up 1 pct (0955 ET)

Sanford C. Bernstein upgraded the company’s stock to “outperform” from “market perform,” according to benzinga.com.

** QUALCOMM INC, $65.90, down 1.9 pct (0956 ET)

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

** FOSSIL INC, $103.54, up 6 pct (0956 ET)

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.

** OMNICOM GROUP INC, $56.25, up 1.6 pct (0958 ET)

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.

** NIELSEN HOLDINGS NV, $33.34, up 2 pct (0959 ET)

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, $21.70, up 7 pct (0959 ET)

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

** CARLYLE GROUP, $32.84, up 1 pct (1001 ET)

** NASDAQ OMX GROUP, $30.98, up 2 pct (1001 ET)

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.

** HUNTSMAN CORP, $18.32, down 4 pct (1002 ET)

The chemical maker’s quarterly results beat Wall Street estimates as it managed to raise prices on polyurethane, used in foam insulation. (Compiled by Mridhula Raghavan in Bangalore)

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