February 26, 2013 / 1:42 PM / in 5 years

MARKET PULSE-Assisted Living Concepts, RadioShack, Macy's, Radian

Feb 26 (Reuters) - Some U.S. stocks to watch on Tuesday:

** FUTURES TICK UP AFTER SELL-OFF, ITALY WOES REMAIN

U.S. stock index futures edged higher on Tuesday, indicating equities would partially rebound from the previous session’s steep drop, though concerns persisted over the state of Italy’s economy and government makeup. Futures for the S&P 500 were up 0.34 percent, Dow Jones futures were up 0.29 and Nasdaq 100 futures were up 0.21 percent.

** ASSISTED LIVING CONCEPTS INC, Monday close $9.7, up 23 pct premarket

The senior living residence operator said it agreed to be acquired by private investment firm TPG.

Under terms of the agreement, Class A shareholders will get $12 per share while Class B shareholders will get $12.90 per share.

** RADIOSHACK CORP, Monday close $3.05, down 6 pct premarket

The U.S. electronics retailer reported lower fourth-quarter sales and said it may have to close stores or sell assets to improve liquidity if business does not pick up by 2014.

** TITAN INTERNATIONAL INC, Monday close $24.96, down 6 pct premarket

The farm and construction equipment maker reported a quarterly loss, hurt by slower construction activity in Europe and higher costs.

Titan reported an attributable loss of $3.5 million, or 7 cents per share, for the fourth quarter ended Dec. 31, compared with a profit of $14.5 million, or 29 cents per share, a year earlier.

Excluding items, the company earned 9 cents per share.

** RADIAN GROUP INC, Monday close $8.15, down 6 pct premarket

The mortgage insurer filed with regulators to sell 30 million shares - more than a fifth of its current float - and $200 million of bonds to raise capital for its mortgage insurance units.

** MACY‘S INC, Monday close $38.52, up 4 pct premarket

Strong holiday period sales helped the department store chain forecast yearly profits above Wall Street’s expectations, and forecast that same-store sales would rise again this year.

** TENET HEALTHCARE CORP, Monday close $37.63 The company on Tuesday reported a profit for the fourth quarter versus a year-earlier loss as outpatient visits to its hospitals rose.

** HOME DEPOT INC, Monday close $63.92, up 2 pct premarket

The world’s No.1 home improvement chain reported a higher quarterly profit, aided by improvements in the U.S. housing market and sales tied to Hurricane Sandy, helping the company outshine rival Lowe’s Cos Inc for the 15th straight quarter.

** AUTOZONE INC, Monday close $378.54, down 2 pct premarket

The largest U.S. auto parts retailer reported a 1.8 percent drop in domestic same-store sales as it grapples with the lingering effects of a mild winter in 2011 that led to reduced demand.

** AUTODESK INC, Monday close $36.62, down 2 pct premarket

The maker of design software AutoCAD forecast current-quarter profit below analysts’ estimates. The company expects a profit of 41 cents to 46 cents per share, excluding items, and revenue of $570 million to $590 million.

Analysts on average were looking for an adjusted profit of 51 cents, on revenue of $590.6 million, according to Thomson Reuters I/B/E/S.

** UNITED THERAPEUTICS CORP, Monday close $57.66, up 1 pct premarket

The pharmaceutical company reported a higher quarterly profit, helped by a 24 percent rise in sales of its cardiopulmonary products.

Fourth-quarter net profit nearly doubled to $83.3 million or $1.60 per share from $43.2 million, or 77 cents per share, a year earlier.

** INTEL CORP, Monday close $20.23, up 0.84 pct premarket

The world’s top chipmaker has agreed to make chips on behalf of Altera, a significant step toward opening its prized manufacturing technology to customers on a larger scale, potentially including Apple.

** GOLDMAN SACHS GROUP INC, Monday close $147.65, up 0.4 pct premarket

The company will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.

The bank usually culls out the weakest 5 percent of its employees around now. But the cuts will likely be deeper in some businesses, particularly equities trading, where volumes and earnings are weak.

** APPLE INC, Monday close $442.8, up 0.4 pct premarket

Apple has agreed to settle a class action lawsuit that said customers were charged when their children inadvertently downloaded certain applications from the company’s online store, a court filing showed.

Under the proposed settlement, Apple could potentially end up paying around $100 million as it has agreed to provide a $5 iTunes store credit to as many as 23 million affected customers, the court filing said.

** MEDICINOVA INC, Monday close $2.14, up 10 pct after market

The biopharmaceutical company said its experimental treatment for methamphetamine addiction got a fast-track status from the U.S. health regulator.

A fast track designation by the U.S. Food and Drug Administration expedites regulatory review of drugs that aim to treat serious diseases and fill unmet medical needs.

** TRINA SOLAR LTD, Monday close $4.47

The Chinese solar panel maker reported its sixth straight quarterly loss with no end in sight to a slump in panel prices.

** METROPCS COMMUNICATIONS INC, Monday close $9.76

The mobile phone service provider reported a 65 percent fall in quarterly net profit as revenue growth slowed for the eighth straight quarter.

** AXT Inc, Monday close $2.80, up 11 pct after market

The semiconductor substrates maker posted higher-than-expected revenue for the fourth quarter, and said it is seeing signs of market improvement in many of its product categories in 2013.

The company also said it will repurchase up to $6 million of its common stock through Feb. 27, 2014.

** VIVUS INC, Monday close $12.41, down 5 pct after market

Sales of the drug maker’s diet pill Qsymia failed to meet Wall Street expectations even as the company spent more to promote the drug, the first weight-loss pill to be launched in the United States in 13 years.

** ISTAR FINANCIAL INC, Monday close $9.94

The commercial real estate lender reported a seventh-straight quarterly loss as it spends far more to service its debt than it earns from its loans and leases.

** YUM BRANDS INC, Monday close $64.73

The KFC-parent said on Monday it will stop using more than 1,000 slaughterhouses in China as it moves to tighten food safety and reverse a sharp drop in business at KFC restaurants in its top market after a scare over contaminated chicken.

Shares in Yum closed down 1.1 percent at $64.73 on the New York Stock Exchange on Monday.

** SPREADTRUM COMMUNICATIONS INC, Monday close $16.32, up 9.6 pct premarket

The Chinese cellphone chip designer reported higher-than-expected fourth-quarter results and said it started shipments of its low-cost TD-SCDMA chipset to Samsung Electronics.

It also forecast first-quarter revenue above analysts’ estimates.

** TESLA MOTORS INC, Monday close $34.38

Tesla Motors Inc’s top brass, including Chief Executive Elon Musk, this week are considering a strategy to recoup market value and boost demand after a critical review of the automaker’s Model S sedan in New York Times this month.

Musk says that Tesla has lost about $100 million in sales and canceled orders due to the Times story, which said the sedan ran out of battery power sooner than promised during a chilly winter test drive from Washington D.C. to Boston.

** CHESAPEAKE ENERGY CORP, Monday close $19.11, down 0.4 pct premarket

NorthStar Energy, which owns nearly 10,000 acres in Michigan’s Utica-Collingwood oil and gas shale formation, is suing Chesapeake Energy Corp and Encana Corp, alleging that the two energy giants colluded to rig bids for oil and gas rights in 2010.

** WELLS FARGO & CO, Monday close $34.79

The No. 4 U.S. bank’s agreement to provide financing for H.J. Heinz Co’s $23 billion buyout highlights how it is expanding beyond retail banking into riskier capital markets businesses, Allen Tischler, an analyst at Moody’s Investor Services, wrote in a report on Monday.

** APOLLO GROUP INC, Monday close $17.83, down 3 pct after market

The for-profit education company said a review team of its regional accreditor recommended a probation status for its University of Phoenix.

The review team cited alleged administrative and governance deficiencies in its draft report to the HLC, the company said in a regulatory filing.

** DREAMWORKS ANIMATION SKG INC, Monday close $16.82

The company’s results are expected to be hurt by weak performance of “Rise of the Guardians” at the box office. The market expects the company to post a loss in the fourth quarter, which would be DreamWorks’ first in almost six years.

** CAESARS ENTERTAINMENT CORP, Monday close $11.71, down 8 pct after market

The casino company reported lower fourth-quarter revenue, hurt by property closures due to Hurricane Sandy.

** OFFICE DEPOT INC, Monday close $3.93

The No.2 U.S. office supply retailer is scheduled to report results on Tuesday. Investors will look for more information on its pending merger with smaller rival OfficeMax Inc.

** CARLYLE GROUP, Monday close $32.25

Private equity firm Carlyle Group LP is preparing to sell aerospace and defense company Arinc Inc, which is expected to draw interest mostly from larger aerospace industry rivals and may fetch $1.2 billion to $1.5 billion in a sale, three people familiar with the matter said on Monday.

** AMC NETWORKS INC, Monday close $

The cable network company is scheduled to report results on Tuesday.

Its quarterly results are expected to beat analysts’ estimates, as AMC settled its dispute with Dish Network in October, and Dish resumed broadcasting AMC’s channels in the quarter. Dish customers account for 13 percent of AMC’s subscriber base. (Compiled by Maria Ajit Thomas in Bangalore)

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