February 25, 2013 / 3:43 PM / 5 years ago

MARKET PULSE-Barnes & Noble, 3D Systems, Hertz, Affymax, ITT Education

Feb 25 (Reuters) - Some U.S. stocks on the move on Monday:


U.S. stocks rose on Monday, suggesting the equity rally was intact as investors grew more confident that the global economy would continue to grow. The Dow Jones industrial average was up 45.78 points, The Standard & Poor’s 500 Index was up 6.90 points and the Nasdaq Composite Index was up 16.87 points.

** BARNES & NOBLE INC, $14.75, up 9 pct (0931 ET)

Barnes & Noble Inc Chairman Leonard Riggio has told the board he plans to buy the retail assets of the company including Barnes & Noble Booksellers Inc and barnesandnoble.com, but excluding the Nook digital reader business.

** 3D SYSTEMS CORP, $32.99, down 15 pct (0945 ET)

** STRATASYS INC, $61.15, down 9 pct (0952 ET)

** EXONE CO, $25.25, down 5 pct (0951 ET)

3D Systems reported a 45 percent rise in sales, but missed analysts’ expectations, making the three-dimensional printer maker’s shares one of the top percentage losers on the New York Stock Exchange.

** AFFYMAX INC, $2.55, down 85 pct (0940 ET)

** AMGEN INC, $90.33, up 4 pct (1027 ET)

U.S.-based Affymax and Japan’s Takeda Pharmaceutical Co said they are voluntarily recalling all lots of anemia treatment Omontys (peginesatide) in the United States due to reports of serious hypersensitivity reactions, including some deaths.

Omontys competes with Amgen big-selling red blood cell booster Epogen.

Affymax shares were the top percentage loser on the Nasdaq at 1000 ET.

** ZYNGA INC, $3.48, up 9 pct (0945 ET)

** CAESARS ENTERTAINMENT CORP, $12.28, up 6 pct (0940 ET)

** BOYD GAMING CORP, $6.77, up 3 pct (0949 ET)

** LAS VEGAS SANDS CORP, $52.35, up 3 pct (0957 ET)

** WYNN RESORTS LTD, $119.54, up 2 pct (0944 ET)

** INTERNATIONAL GAME TECHNOLOGY, $16.03, up 1 pct (0947 ET)

** MGM RESORTS INTERNATIONAL, $12.69, up 1 pct (0943 ET)

Nevada on Friday became the first U.S. state to legalize interstate online poker and allow state-to-state gaming agreements, beating New Jersey to the punch and putting in place a potential nationwide framework for Internet wagering.

However RBC Capital Markets analyst John Kempf said New Jersey governer Chris Christie could sign a revised internet gambling bill on Tuesday. Christie had earlier vetoed an online wagering bill but indicated that he may sign an amended version.

A number of companies have already been granted Nevada licenses for online poker, but were prepared to be limited to serving Nevada residents.

** ELAN, $11.51, up 8.5 pct (1003 ET)

Investment firm Royalty Pharma has made a $6.6 billion bid approach to Elan, seeking to scupper the Irish drugmaker’ s plan to spend most of the proceeds from a major drug sale on deals and instead give the money to shareholders.

** GLOBAL GEOPHYSICAL, $3.26, down 25 pct (1025 ET)

The oil and gas geoscience services provider posted a wider-than-expected quarterly loss due to execution issues in certain programs and delays in seismic library sale closures.

The company’s stock was the top percentage loser on the New York Stock Exchange at 1036 ET.

** VENAXIS INC, $2.60, up 22 pct [1032 ET]

Canaccord Genuity analyst Jeffrey Frelick upgraded the medical test-maker’s stock to “buy” from “hold”, saying the company’s blood-based appendicitis test was on track for FDA approval and estimated the U.S. market opportunity for the test to be about $700 million.

** SANDRIDGE ENERGY INC, $5.66, down 5 percent (1030 ET)

Analysts viewed Sinopec’s $1.02 billion deal for some of Chesapeake Energy Corp’s Mississippi Lime oil and gas properties as a negative for SandRidge as the deal did not include Chesapeake’s assets in Kansas, where the oil and gas company has a large foothold.

“Could see lateral read causing weakness in fellow this morning, as headline deal metrics appear to favor Sinopec and also because the deal doesn’t appear to include more speculative Kansas acreage,” Robert W. Baird & Co analysts said in a note.

** HERTZ GLOBAL HOLDINGS INC, $20.01, up 7 pct (0932 ET)

** AVIS BUDGET GROUP, $24.77, up 5 pct (0953 ET)

Hertz reported a quarterly loss due to costs related to its acquisition of Dollar Thrifty, but adjusted profit beat analysts’ expectations and the car rental company forecast strong results for 2013 on higher pricing.

** QUICKSILVER RESOURCES INC, $2.12, up 6 percent (9.50 ET)

The oil and gas company said it was in advanced negotiations for a joint venture in its Barnett sale and Horn River operations and set a budget of $120 million for the year, 69 percent lesser than what it spent last year. Quicksilver, however, posted a fourth-quarter loss on higher-than-expected costs.

** WEBMD HEALTH CORP, $21.60, up 6 pct (1030ET)

Raymond James upgraded its rating on the health information website’s stock to “strong buy” from “market perform”, saying the company’s quarterly results was the turning point in the business.

The brokerage said the company’s management was changing the business model to better adapt to customer needs, which was yielding improvement.

** ENDEAVOUR SILVER CORP ; $6.14, up 5 pct (1023 ET)

The Canadian miner on Monday said proven and probable silver reserves rose 37 percent to 23.1 million ounces in 2012.

The company, which owns and operates the Guanacevi and the Guanajuato mines in Mexico, also reported higher gold proven and probable reserves.

** RADIAN GROUP INC, $8.20, up 3 percent (1014 ET)

Jim Cramer, the host of CNBC’s “Mad Money”, said on Friday the mortgage insurer’s stock could be a steal as the company benefits from the housing turnaround.

** ITT EDUCATION, $16.15, down 13 pct (1012 ET)

ITT Educational Services said it was being investigated by the U.S. Securities and Exchange Commission about its private student lending programs.

** PEARSON, $17.70 down 5 pct (1012 ET)

British learning and media group Pearson warned earnings will stall this year as it launched a 150-million-pound ($228.99 million) overhaul to counter a tough advertising market and tighter educational budgets.

The new chief executive of said the Financial Times (FT) is not for sale, refuting repeated media speculation about the newspaper’s future at the company.

** QUICKSILVER RESOURCES INC, $2.12, up 6 percent (9.50 ET)

The oil and gas company said it was in advanced negotiations for a joint venture in its Barnett sale and Horn River operations and set a budget of $120 million for the year, 69 percent lesser than what it spent last year. Quicksilver, however, posted a fourth-quarter loss on higher-than-expected costs.

** DONALDSON CO, $35.44, down 3 pct (1007 ET)

The maker of filtration and exhaust control products reported quarterly results below analysts’ expectations as operating margins shrank and said it expects weak market conditions to continue in the near term.

Donaldson earned 34 cents per share on revenue of $596 million for the second quarter ended Jan. 31. Analysts on average expected earnings of 38 cents per share on revenue of $605 million, according to Thomson Reuters I/B/E/S.

** DEUTSCHE BANK AG, $49.05, up 4 pct (1014 ET)

** CME GROUP INC, up 1 pct (1016 ET)

Deutsche Boerse said it was not in talks with Chicago Board of Trade owner CME Group, after a report that the German stock exchange had received a tentative approach from the U.S. company.

** BLACKBERRY, $13.61, up 3 pct (0934 ET)

As BlackBerry launches the first smartphone from its make-or-break BB10 line in India, one of its most loyal markets, the company faces new competition from a formidable rival that has long had a minimal presence in the country.

More than four years after it started selling iPhones in India, Apple is now aggressively pushing the iconic device through installment payment plans that make it more affordable, a new distribution model and heavy marketing blitz.

** CHESAPEAKE ENERGY CORP, $20.20, down 1.5 pct (0934 ET)

China Petroleum & Chemical Corp (Sinopec) will buy half of Chesapeake Energy Corp’s Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to increase its presence in the booming North American shale gas industry.

** LOWE‘S COS, $37.57, down 0.3 pct (1018 ET)

Lowe’s Cos’ quarterly results beat analysts’ estimates as sales benefited from rebuilding after Hurricane Sandy and the retailer’s efforts to improve product selection and customer service.

** AVID TECHNOLOGY INC, $7.25, down 5 pct (0935 ET)

The audio and video editing software maker delayed reporting its fourth-quarter results, saying it needed more time to evaluate “accounting treatment related to bug fixes, upgrades and enhancements to certain products.”

** CUMMINS INC, $115.25, up 2 pct (0936 ET)

Brokerage Goldman Sachs upgraded the U.S. engine maker’s stock to “conviction buy” from “buy”, according to Theflyonthewall.com.

** MEAD JOHNSON NUTRITION CO, $76.81, down 3 pct (0940 ET)

The maker of Enfamil baby formula said the Hong Kong government has imposed a regulation to limit the flow of formula milk products to Mainland China to ensure adequate supplies for local infants and young children.

The company said it’s earnings forecast will remain unchanged as the impact of the new regulation is difficult to quantify, Mead said in a regulatory filing.

** DYNAVAX TECHNOLOGIES INC, $1.97, down 33 pct (0943 ET)

U.S. health regulators denied approval for Dynavax Technologies’ adult hepatitis B vaccine and sought additional data to evaluate its safety, delaying the market entry of a faster-acting and less frequently needed vaccine for the liver-attacking infection.

** COOPER TIRE & RUBBER CO, $27.04, up 6.5 pct (0954 ET)

The tire maker reported quarterly results above analysts’ expectations, helped by higher global demand and lower rubber costs.

** HECLA MINING CO, $4.98, up 2 pct (0949 ET)

The No. 2 U.S. silver miner by output, reported a better-than-expected profit and said it will produce more silver this year as its Lucky Friday mine in Idaho restarted, sending its shares up 3 percent in premarket trading.

** THOMPSON CREEK METALS, $3.44, down 3 pct (0955 ET)

The molybdenum miner reported a bigger-than-expected quarterly loss on a $530.5 million non-cash pre-tax write down of its assets at the Endako Mine.

** VIVUS, $12.87, up 2 pct (0957 ET)

Vivus is scheduled to report fourth-quarter earnings and the first full quarter of sales from it’s diet pill Qsymia on Monday.

European regulators rejected a diet pill from Vivus for a second time and said the obesity treatment would not be approved unless the U.S. company conducted a large trial to prove its heart safety. The news sent shares in Vivus down more than 5 percent on Friday.

** OFFICE DEPOT INC, $4.10, down 2 pct (0958 ET)

** OFFICEMAX INC, $12.01, down 2 pct (0959 ET)

Office Depot, which will acquire rival OfficeMax, said the chief executives of both companies would be appointed co-CEOs of the combined entity.

Office Depot said on Friday that following talks with the largest holder of its common stock, Starboard Value LP, it is extending the deadline for nominating candidates for its board at its annual meeting. (Compiled by Chandni Doulatramani in Bangalore)

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