July 24, 2013 / 11:49 AM / in 4 years

MARKET PULSE-Apple, VMware, Transition Therapeutics, Electronic Arts

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

July 24 (Reuters) - Some U.S. stocks to watch on Wednesday:


U.S. stock index futures edged up as Apple shares led gains in premarket a day after the tech giant reported better-than-expected earnings results, while solid euro-zone preliminary PMI data boosted market sentiment.

S&P 500 futures rose 4.9 points, Dow Jones industrial average futures rose 27 points and Nasdaq 100 futures added 27 points.

** APPLE INC, Tuesday close $418.99, up 4 pct premarket

A sharp drop in Apple’s China revenue in April-June underscores the challenges it faces in its second-largest market as the technology gap with cheaper local rivals narrows and as Samsung Electronics keeps up a steady stream of new models across all price ranges.

** HANESBRANDS INC, Tuesday close $53.36

** MAIDENFORM BRANDS INC, Tuesday close $19.09

Hanesbrands, whose labels include the Wonderbra, said it will buy lingerie company Maidenform Brands Inc for $547 million to boost its product line up.

** VMWARE INC, Tuesday close $71.28, up 14 pct premarket

The cloud software maker raised the high end of its full-year revenue forecast range after reporting a stronger-than-expected second-quarter profit, saying federal government demand and enterprise deals were likely to pick up in the second half.

** TRANSITION THERAPEUTICS INC, Tuesday close $3.97, up 21 pct premarket

The Canadian biopharmaceutical company said it acquired development and marketing rights for Eli Lilly’s experimental drug for arthritis pain.

** AT&T INC, Tuesday close $35.81, down 1 pct premarket

The company posted a quarterly profit on Tuesday that missed Wall Street expectations as it was hit by rising costs, and its shares fell 1 percent in late trade.

** PANERA BREAD CO, Tuesday close $182.01, down 7 pct premarket

The company on Tuesday reported quarterly profit that missed analysts’ views and cut its full-year forecast after sales growth at company-owned bakery-cafes fell short of expectations, sending shares tumbling more than 5 percent in after-hours trade.

** FORD MOTOR CO, Tuesday close $16.94, up 3 pct premarket

The maker of the top-selling F-150 pickup truck reported a better-than-expected second-quarter profit, buoyed by strong truck sales, higher vehicle prices and narrower losses in Europe.

** WELLPOINT INC, Tuesday close $87.51

The company reported a much higher-than-expected quarterly profit on Wednesday, helped by lower than forecast medical costs in its employer-based insurance business and improvements in Medicaid operations after the purchase of Amerigroup in December.

** ELI LILLY & CO, Tuesday close $50.99, up 4 pct premarket

The company reported higher-than-expected quarterly earnings, helped by cost cuts and strong sales growth of Cymbalta, a depression treatment that will soon lose patent protection, and the drugmaker raised its full-year profit forecast.

** THERMO FISHER SCIENTIFIC INC, Tuesday close $89.52

The company reported a second-quarter profit that was slightly ahead of analysts’ expectation, and said it was making progress in planning for its $13.6 billion acquisition of genetic testing company Life Technologies Inc.

** ELECTRONIC ARTS INC, Tuesday close $23.82, up 8 pct premarket

The video game publisher said its first quarter loss was narrower than Wall Street expectations because of strong cost controls and digital sales that offset weak revenue from packaged games.

** PRAXAIR INC, Tuesday close $117.00

The industrial gas supplier reported a higher profit for the second quarter as expansion in Asia helped boost sales and offset weak demand from Europe.

** UNISYS CORP, Tuesday close $24.97, up 9 pct after market

The information technology services provider reported better-than-expected second-quarter results on Tuesday due to higher sales of software and servers to businesses.

** POLYCOM INC, Tuesday close $11.18, down 3.8 pct premarket

Brokerages BMO Capital Markets and UBS Investment Research cut their price target on the videoconferencing company’s stock after it said on Tuesday that Chief Executive Andrew Miller has stepped down after irregularities were found in his expense submissions.

The company posted second-quarter results that beat analysts’ estimates due to higher demand for its products.

** EVERCORE PARTNERS INC, Tuesday close $44.18, up 9 pct after market

The boutique investment bank posted higher-than-expected second-quarter profit due to higher revenue from investment banking and management.

Investment banking revenue rose 19 percent to $180.03 million on an adjusted pro forma basis.

** BROADCOM CORP, Tuesday close $31.83, down 7.3 pct premarket

At least four brokerages cut their rating and about 10 brokerages lowered their price targets on the chipmaker’s stock, after the company forecast lower-than-expected third-quarter revenue on Tuesday, underscoring concerns on Wall Street that smartphone growth might be waning.

** MOODY‘S CORP, Tuesday close $62.31

The credit rating agency posted a 31 percent jump in quarterly profit as companies issued more bonds.

** DELL INC, Tuesday close $12.88, up 0.5 pct premarket

Dell shareholders vote on CEO Michael Dell’s $24.4 billion buyout offer after a similar vote was postponed last week. The postponement was expected to buy time for Dell, the company’s co-founder, to win over naysayers for a deal that could be the largest buyout since the financial crisis.

** GOOGLE INC, Tuesday close $903.80

Google hosts a press event in San Francisco with its senior vice president for Android and Chrome, Sundar Pichai, who may unveil the new version of Google’s popular Nexus 7 tablet, or perhaps an improved version of the Nexus Q media streaming device, which Google delayed indefinitely in 2012 due to a spate of negative early reviews.

** BOEING CO, Tuesday close $107.79, up 0.3 pct premarket

Boeing posted better-than-expected second-quarter results on Wednesday, helped by a 15 percent jump in commercial airplanes revenue.

** DELTA AIR LINES INC, Tuesday close $20.45

Delta Air reported a quarterly profit against a year-earlier loss as fuel costs fell.

** NASDAQ OMX GROUP INC, Tuesday close $33.84

The exchange operator is expected to report earnings per share slightly below a year earlier, due in part to expenses from acquisitions. Nasdaq completed the $390 million cash and credit acquisition of Thomson Reuters Corporate Solutions during the quarter. Revenues are expected to rise as the exchange has diversified away from equities transactions, where volumes have lagged, while bulking up its corporate services business. (Compiled by Rohit T.K. in Bangalore; Editing by)

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