July 11, 2013 / 11:41 AM / 4 years ago

MARKET PULSE-AMD, Gold miners, Rockwell Medical, Bridgepoint Education

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

July 11 (Reuters) - Some U.S. stocks to watch on Thursday:


U.S. stock index futures climbed, after comments by U.S. Federal Reserve Chairman Ben Bernanke indicated the central bank was unlikely to scale back its stimulus measures as early as recently expected. S&P 500 futures rose 16 points, Dow Jones industrial average futures gained 129 points and Nasdaq 100 futures jumped 26.75 points.

** ADVANCED MICRO DEVICES INC, Wednesday close $3.98, up 8 pct premarket

Canaccord Genuity analysts raised their rating on the maker of microprocessors to “buy” from “hold,” saying the company is likely to benefit from Microsoft Corp’s plans to increase the number of Xbox gaming servers.

BofA Merrill raised the company’s stock to “buy” from “underperform”, according to Theflyonthewall.com.

** NEWMONT MINING CORP, Wednesday close $26.61, up 4 pct premarket

** ROYAL GOLD INC, Wednesday close $42.02, up 4 pct premarket

** RANDGOLD RESOURCES LTD, Wednesday close $60.70, up 8 pct premarket

Gold jumped to a near three-week high on Thursday as the dollar tumbled after the U.S. Federal Reserve signaled it would continue to pursue monetary stimulus, given tame inflation and a fragile labor market.

Spot gold climbed as much as 2.7 percent to $1,298.36, its highest since June 24. It was up 1.5 percent to $1,282.31 an ounce by 0938 GMT.

** ROCKWELL MEDICAL INC, Wednesday close $3.76, up 57 pct premarket

The company, which develops drugs to treat kidney diseases said a late-stage trial of its experimental iron deficiency drug met the main goal of improving patients’ hemoglobin levels.

** VOXX INTERNATIONAL CORP, Wednesday close $13.20, up 4.8 pct premarket

The audio equipment maker reported a better-than-expected first-quarter profit and said it was projecting modest sales increases this year.

** NOKIA OYJ , Wednesday close $4.14, up 2.4 pct premarket

Nokia is likely to unveil a new smartphone with a 41-megapixel camera, banking on advanced optics to make up for meager marketing resources and a limited range of phone apps. Analysts, however, are skeptical that a new camera for the flagship Lumia smartphone will be enough for the Finnish company to regain market share from rivals Samsung and Apple.

** RANGE RESOURCES CORP, Wednesday close $79.09, up 1.4 pct premarket

The Texas-based oil and gas producer said output rose 27 percent in the second quarter, primarily due to drilling in the oil-rich Marcellus shale in the U.S. Northeast. However, less profitable natural gas continued to dominate Range Resource’s production mix, accounting for more than two-thirds of total output during the quarter ended June.

** INFOSYS LTD, Wednesday close $42.58, up 1 pct premarket

The strongest growth outlook for U.S. demand for information and communication technology since the 2008 financial crisis is likely to help Narayana Murthy revive Infosys Ltd INFY.NS, the Indian IT giant he founded, but the updraft will also boost its faster-growing rivals.

** BRIDGEPOINT EDUCATION INC, Wednesday close $12.27, up 27 percent after market

The education services provider said on Wednesday that it expects profit of 16 cents to 20 cents per share and revenue of $195.5 million to $199.5 million in the quarter ended June 30. Analysts on average are expecting a profit of 34 cents per share on revenue of $205.2 million, according to Thomson Reuters I/B/E/S.

Barrington Research on Thursday raised its rating on the company’s stock to “outperform” from “market perform”.

** APOLLO GROUP, Wednesday close $17.89, up 7 pct after market

The for-profit education company said the Higher Learning Commission, a member of the North Central Association of Colleges and Schools, reaffirmed the accreditation of its University of Phoenix through 2022-2023 academic year.

** ENDEAVOUR SILVER CORP, Wednesday close $3.06, up 5 pct after market

The Canadian miner said on Wednesday it was looking to cut costs for the second time this year as silver prices fall. The company said silver production rose 48 percent to 1,535,873 ounces and revenue rose 57 percent to $63.5 million in the second quarter.

** PRICESMART INC, Wednesday close $91.63, down 3 pct after market

The shopping warehouse club operator reported on Wednesday a third-quarter profit that missed analysts’ estimates.

** BOOZ ALLEN HAMILTON, Wednesday close $18.13, up 1 pct aftermarket

The U.S. Air Force said it sees no evidence that the company who had employed Edward Snowden is responsible for his disclosure of classified U.S. information, a finding that allows the defense contractor to continue doing business with the Pentagon.

** VIVUS INC, Wednesday close $13.54, up 1 pct aftermarket

The obesity drugmaker’s third-largest shareholder intends to vote for the full slate of nine directors proposed by dissident investor First Manhattan Co, a source familiar with QVT’s thinking said on Wednesday.


The company said on Wednesday that it intends to offer $50 million of its common stock and $75 million in aggregate principal amount of convertible senior notes in concurrent underwritten public offerings.

** FORD MOTOR CO, Wednesday close $16.72

Ford Motor’s Stephen Odell, head of Europe, Middle East and Africa, provides an update on its restructuring plan for Europe. Ford expects to lose $2 billion in Europe this year. During the first quarter, Ford spent $225 million on its European overhaul and plans to close three factories in the region by next year. Through May, Ford sales in Europe were down 11.1 percent, more than the 7.2 percent for the industry.

** CHEVRON CORP, Wednesday close $122.90

The second-largest U.S. oil company said on Wednesday its oil and gas production declined last quarter, mainly due to various shutdowns and maintenance work in Kazakhstan, Australia and Nigeria.

** GAP INC, Wednesday close $44.10

Some 11 leading U.S. retail chains, including Gap, report sales numbers for June, giving investors a read on consumer sentiment and behavior as shoppers gear up for the back-to-school season at a time the stock market got jumpy again and there were questions about the vigor of the job recovery.

** MCGRAW HILL FINANCIAL INC, Wednesday close $55.89

MOODY‘S CORP, Wednesday close $60.03

The liquidators of two offshore Bear Stearns hedge funds have filed a $1.12 billion lawsuit against the three major U.S. credit rating agencies, accusing them of fraudulently issuing inflated ratings for securities that the funds owned.

S&P is owned McGraw Hill Financial Inc, Moody’s Investors is owned by Moody’s Corp and Fitch is owned by Fimalac SA.

** SMITHFIELD FOODS, Wednesday close $32.84

U.S. senators sought answers from the head of Smithfield Foods on Wednesday about whether the proposed sale of the Virginia ham maker to China’s largest pork producer could hurt U.S. food safety and raise prices for American consumers.

** COSTCO WHOLESALE CORP, Wednesday close $113.65

The company reported June same-store sales that beat analysts’ estimates, helped by higher fuel prices. Sales at stores open at least a year rose 6 percent in the five-week period ended July 7, including the impact of fuel and foreign exchange. Analysts expected same-store sales to rise 5.4 percent for the month of June, according to Thomson Reuters data.

**INTEROIL CORP, Wednesday close $68.15

The oil and gas company said it appointed former BP Plc employee Michael Hession as its chief executive officer. Hession joins after the company’s founder and CEO Phil Mulacek retired in April. (Compiled by Lehar Maan; Editing by Sriraj Kalluvila)

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