September 27, 2013 / 11:40 AM / in 4 years

MARKET PULSE- BlackBerry, J.C. Penney, Nike, Accenture

(For more market insights, including options activity, click on ; for the Day Ahead newsletter U.S. stock index futures were little changed on Friday. S&P 500 futures were down 0.4 percent, Dow Jones industrial average futures were down 0.04 percent and Nasdaq 100 futures were down 0.34 percent.

** BLACKBERRY LTD, Thursday close $7.95, down 2.3 pct premarket

The company reported a huge quarterly loss, days after accepting its largest shareholder’s tentative $4.7 billion bid to take it out of the public eye.

** J.C. PENNEY CO INC, Thursday close $10.42, down 7 pct premarket

The retailer will raise up to $932 million from a share offering of 96.6 million shares at $9.65 each. The offering includes a 30-day option for underwriters to buy 12.6 million shares, the company said.

** NEKTAR THERAPEUTICS, Thursday close $13.85, down 17 pct premarket

The drugmaker said its experimental drug to treat chronic pain in patients with arthritis of the knee failed to meet its main goal in a mid-stage clinical trial.

** ACCENTURE PLC, Thursday close $75.87, down 4 pct after market

The outsourcing and consulting services provider said it was too early to say if the fourth-quarter growth in its consulting business was sustainable, and forecast quarterly revenue below analysts’ estimates.

** NIKE INC, Thursday close $70.34, up 6 pct after market

** FOOT LOCKER, Thursday close $32.76, up 3 pct after market

Nike enjoyed big sales in gains in North America and Europe last quarter and benefited from fewer markdowns, helping the maker of sports clothes and shoes report a stronger-than-expected quarterly profit.

Shares of athletic shoes retailer Foot Locker also rose on the news.

** DECKERS OUTDOOR CORP, Thursday close $66.09, up 1 pct after market

Wedbush Securities on Thursday upgraded the shoe maker’s stock to “outperform” from “neutral,” saying it expects a normal winter and is more comfortable with its near-term revenue estimates. The brokerage also said it was more positive on slippers, new styles and product line extensions at the Ugg brand.

** JONES GROUP INC, Thursday close $15.64

Private equity firm KKR & Co has withdrawn from the bidding process for Jones, two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company.

** JPMORGAN CHASE & CO, Thursday close $51.89

CEO Jamie Dimon met with U.S. Attorney General Eric Holder on Thursday, seeking to make sure a possible $11 billion settlement will end the bank’s pain from mortgage-securities probes, a source said.

Guggenheim Securities cut its price target on the bank’s shares to $63 from $66.

** ENTROPIC COMMUNICATIONS INC, Thursday close $4.33, up 6 pct after market

The company, which designs chipsets for video and broadband multimedia applications, announced a $30 million stock repurchase program on Thursday.

** MYLAN INC, Thursday close $38.37

Generic drugmaker Mylan has won U.S. antitrust approval to buy Agila, a unit of India’s Strides Arcolab Ltd, subject to divesting some products, the Federal Trade Commission said on Thursday. (Compiled by Aditi Shrivastava; Editing by Don Sebastian)

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