July 30, 2013 / 1:09 PM / in 4 years

MARKET PULSE-Potash companies, Orthofix, Stereotaxis, Sprint, Vanda

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July 30 (Reuters) - Some U.S. stocks to watch on Tuesday:


U.S. stock index futures edged higher on Tuesday, following stocks’ slight decline on Monday, as investors braced for housing and consumer data in a week packed with economic numbers. S&P 500 futures rose 4.2 points, Dow Jones industrial average futures rose 21 points, and Nasdaq 100 futures added 11 points.

** VANDA PHARMACEUTICALS INC, Monday close $8.05, up 30 pct premarket

The company said late on Monday that the U.S. Food and Drug Administration accepted and assigned a priority review status to the marketing approval application for its experimental sleep disorder drug. Vanda also said a decision on the drug’s approval is expected on January 31, 2014.


** MOSAIC CO, Monday close $52.96, down 27 pct premarket

** POTASH CORP, Monday close $37.90, down 13 pct premarket

** CF INDUSTRIES HOLDINGS INC, Monday close $202.3, down 4 pct premarket

** AGRIUM INC, Monday close $91.43, down 14 pct premarket

** INTREPID POTASH INC, Monday close $19.44, down 23 pct premarket

Global potash prices are expected to fall by 25 percent after Russia’s Uralkali dismantled one of the world’s largest potash partnerships by pulling out of a venture with Belarus Potash Co.

Uralkali said the decision might lead to a fall in global potash price to below $300 per ton in the second half of 2013 from $400 per ton now.

Mosaic is a U.S. fertilizer producer while CF Industries is the world’s second-largest maker of nitrogen fertilizer.

** STEREOTAXIS INC, Monday close $1.78, up 45.5 pct after market

The device maker said late on Monday it had received U.S. Food and Drug Administration’s approval to market a robotically manipulated catheter used in surgery. The device is already being marketed in Europe since 2011.

** AEGERION PHARMACEUTICALS INC, Monday close $77.23, up 14.6 pct premarket

The company raised its full-year revenue outlook and reported second-quarter sales above analysts’ estimates, boosted by higher sales of its cholesterol-lowering drug Juxtapid.

Aegerion posted revenue of $6.5 million. Analysts on an average expected $4.3 million, according to Thomson Reuters I/B/E/S.

** ORTHOFIX INTERNATIONAL N.V., Monday close $27.40, down 11 pct after market

The medical device maker delayed the release of its quarterly results as its audit committee needs additional time to review matters related to revenue recognition for prior periods.

The company does not expect to file the report for the quarter ended June 30 by the Aug. 9 deadline.

** NATIONAL INSTRUMENTS CORP, Monday close $30.52, down 10 pct after market

The company, which provides software and equipment for industrial automation and testing, reported lower-than-expected second-quarter revenue and forecast current-quarter results below analysts’ estimates, citing weak industry conditions.

** OSHKOSH CORP, Monday close $40.48, up 9 pct premarket

The specialty truck maker reported a sharply higher quarterly profit on Tuesday and raised its full-year outlook, citing strong sales of construction booms and other aerial access equipment.

** PEREGRINE SEMICONDUCTOR CORP, Monday close $9.60, up 9 pct after market

The radio frequency chipmaker reported a surprise second-quarter adjusted profit because of a 20 percent rise in revenue.

** ARRAY BIOPHARMA INC, Monday close $6.26, up 9 pct premarket

The biopharmaceutical company entered a collaboration with biotechnology firm Celgene Corp to develop Array’s inflammation treatment, for an upfront payment of $11 million.

Array is also entitled to milestone payments of up to $376 million and royalties on net sales of all drugs. The agreement gives Celgene an exclusive option to license multiple drug candidates.

** GOODYEAR TIRE & RUBBER CO, Monday close $17.04, up 9 pct premarket

The No. 1 U.S. tire maker reported a higher quarterly profit, helped by low raw material prices and an increase in tire sales volumes outside North America.

** GENERAC HOLDINGS INC, Monday close $41.03, up 8 pct premarket

The generator maker’s second-quarter earnings came above analysts’ estimates and net sales jumped 45 percent. The company raised its sales outlook for the full year, primarily due to continued strong demand for its home standby and portable generators.

** HERBALIFE LTD, Monday close $60.57, up 7 pct premarket

The nutritional products giant said its better-than-expected earnings and rosy 2013 outlook were driven by a fast-growing global distributor network and strong demand for its weight-loss shakes and supplements.

** COACH INC, Monday close $57.85, down 6 pct premarket

The U.S. leather goods maker and retailer on Tuesday reported weak sales in its home market and the departures of the its chief operating officer and the head of its North American business, the latest shakeup in top management.

** ALCATEL-LUCENT, Monday close $2.20, up 5.5 pct premarket

Struggling telecom equipment maker surfed on strong growth in its key U.S. market to beat analysts’ estimates and said mobile chip maker Qualcomm would buy a minority stake as part of a research partnership.

** KULICKE AND SOFFA INDUSTRIES INC, Monday close $11.40, up 3.5 pct premarket

The semiconductor and LED assembly equipment maker reported better-than-expected results for the third quarter on Tuesday. The company said that it is seeing increasing demand from local customers in emerging markets and expects to record revenue between $175 million and $185 million for the fourth quarter.

** EASTMAN CHEMICAL CO, Monday close $75.03, up 3 pct premarket

The chemical company on Monday reported a rise in second-quarter profit on higher sales of its solvent products due to a strengthening of the building and construction market. The company also gained from the acquisition of Solutia Inc , a provider of chemicals for products ranging from iPads to tyres.

** CORNING INC, Monday close $15.39, up 3 pct premarket

The maker of Gorilla Glass reported a 4 percent increase in quarterly revenue as demand rose for the scratch-resistant glass used in smartphones and tablets.

** COUSINS PROPERTIES INC, Monday close $10.58, down 3 pct premarket

The real estate investment trust on Monday reported lower funds from operations for the second quarter and commenced an underwritten public offering of 60 million shares of its common stock.

** OCCIDENTAL PETROLEUM CORP, Monday close $90.48, up 2 pct premarket

The company posted a 3 percent rise in revenue as the fourth-largest U.S. oil company gained from higher oil and gas prices and increased output.

** SPRINT CORP, Monday close $4.74, down 2 pct premarket

The No. 3 U.S. mobile service provider posted a wider quarterly loss due to hefty costs from shutting down its older Nextel network, although revenue grew as its customers spent more on wireless services.

** JETBLUE AIRWAYS, Monday close $6.65, down 2 pct premarket

The airline missed Wall Street estimates for quarterly profit as costs rose and the average fare fell.

** NATIONAL OILWELL VARCO INC, Monday close $71.14, up 2.6 pct premarket

The largest U.S. oilfield equipment provider reported a 12 percent fall in second-quarter profit as margins remained under pressure in the North American land-drilling market.

** COMMUNITY HEALTH SYSTEMS INC, Monday close $47.23, up 3 pct premarket

** HEALTH MANAGEMENT ASSOCIATES INC, Monday close $14.92, down 8 pct premarket

The No. 2 U.S. for-profit hospital operator said on Tuesday it would buy smaller rival Health Management for $3.9 billion to strengthen its base as the country’s healthcare system is overhauled under President Barack Obama.

** PFIZER INC, Monday close $29.54, up 1 pct after market

Pfizer reported second-quarter earnings slightly ahead of forecasts on Tuesday as the United States’ largest drugmaker lines up a business split that could lead to the spin-off of its generics division.

** SPIRIT AIRLINES INC, Monday close $35.39, down 4.5 pct after market

The airline company said on Monday Chairman William Franke plans to resign in August as funds affiliated with private equity firm Indigo Partners LLC divest their holding of roughly 12.07 million shares of Spirit Airlines’ common stock.

** GIGAMON INC, Monday close $31.62, up 8 pct after market

The maker of traffic management software reported better-than-expected second-quarter results on Monday due to higher revenue.

The company went public last month.

* RR DONNELLEY & SONS CO, Monday close $16.25, up 4 pct after market

The printing services company reported better-than-expected results for the second quarter on Monday due to volume growth in the U.S. print business.

** AMKOR TECHNOLOGY INC, Monday close $4.41, down 3.6 pct after market

The company, which provides packaging and test services to semiconductor companies, reported lower-than-expected second-quarter revenue and also forecast current-quarter revenue below Wall Street estimates. The company said that its customers are adjusting their inventory level due to a slowdown in demand for smartphones.

** CAESARS ENTERTAINMENT CORP, Monday close $15.58, down 2 pct after market

The casino operator reported lower-than-expected quarterly results, hurt by a drop in overall visitations due to higher competition in its Atlantic City and other casinos outside of Las Vegas. “Revenues in the second quarter dropped most significantly in Atlantic City due to continued competitive pressure in the region,” the company said in a statement.

** MERCK & CO INC, Monday close $48.34, up 0.6 pct after market

The second-biggest U.S. drugmaker, is expected to report sharply lower second-quarter earnings, hurt by cheaper generic forms of its Singulair asthma medicine. A handful of the company’s important experimental drugs have been hit with setbacks in the past year, so investors will want reassurance that the company’s drug pipeline can get back on track and help Merck rebound from its Singulair patent cliff.

** AETNA INC, Monday close $63.41, up 0.5 pct after market

The U.S. health insurer on Tuesday reported higher-than-expected second-quarter earnings as medical costs remained low and it closed on its acquisition of Coventry Health Care.

** L&L ENERGY INC, Monday close $3.36

The coal miner reported a 169 percent increase in its full-year profit due to higher production after the acquisition of two mines in China. The company, which now owns three mines in Guizhou in China, expects to produce 1.2 million tons coal in the region by 2015.


The company reports second-quarter results. Investors want some color from Discovery’s management on upfront advertising price and ratings trends that could impact advertising in the second half of the year.

** COACH INC, Monday close $57.85, up 0.4 pct after market

The leather goods maker and retailer reports fourth-quarter results with all eyes on whether it has managed to keep up its momentum in North America last quarter against strong competitors like kate spade and Michael Kors, and on trends in China, still a small market for the New York company.

** OFFICE DEPOT INC, Monday close $4.27, up 1 pct after market

When Office Depot reports its results for the second quarter, investors in the second-largest U.S. office supply retailer will get an update on the progress of its proposed merger with smaller rival OfficeMax Inc. The two companies still await regulatory approval for the deal. Office Depot, which is expected to report a quarterly loss and a drop in sales, could also comment on how the back-to-school season is shaping up.

** NYSE EURONEXT, Monday close $41.42

The company is expected to report higher quarterly earnings, helped by an increase in trading activity, higher technology service revenues, and lower operating costs. The transatlantic exchange operator is being bought by Intercontinentalexchange for $8.2 billion.

** WESTERN UNION CO, Monday close $16.98

The world’s largest money-transfer company reported a 27 percent fall in second-quarter profit as revenue from its consumer business fell and expenses rose.

Compiled by Rohit T.K. in Bangalore; Editing by Sreejiraj Eluvangal

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