November 21, 2013 / 3:08 PM / in 4 years

MARKET PULSE-Target, GM, Sears, Dollar Tree, Liquidity Services

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, Wall Street rose at the open on Thursday after data suggested stronger labor market conditions and subdued inflation pressures, while traders digested the Federal Reserve's latest assessment of the economy. The Dow Jones industrial average rose 0.26 percent, the S&P 500 0.24 percent and the Nasdaq Composite 0.41 percent.

** GENERAL MOTORS CO, $38.83, up 3 pct (9:31 a.m. ET)

The U.S. Treasury Department said on Thursday it had completed the sale of 70.2 million shares of General Motors stock and planned to sell its remaining 31.1 million shares by year-end, depending on market conditions.

** TARGET CORP, $63.87, down 4 pct (9:32 a.m. ET)

The discount chain blamed “constrained” consumer spending for a tepid rise in third-quarter comparable sales, and lowered its full-year profit forecast as a Canadian expansion proved costlier than expected.

** SEARS HOLDINGS CORP, $58.61, down 4.8 pct (9:32 a.m. ET)

The company, which operates its eponymous department stores and the Kmart discount chain, reported a wider quarterly net loss as sales fell at both chains and it invested in more promotions targeting rewards members.

** HOLOGIC INC, $22.95, up 3 pct (9:30 a.m. ET)

Activist investor Carl Icahn said he may discuss the possibility of adding members to the provider of medical diagnostic products’ board after disclosing a 12.6 percent stake in the company, according to a regulatory filing.

Separately, the company adopted a poison pill that would be triggered if a buyer acquired 10 percent or more shares of the company.

** GREEN MOUNTAIN COFFEE ROASTERS INC, $70.42, up 14 pct (9:38 a.m. ET)

The K-cup coffee pods maker said it expected stronger revenue in the second half of its fiscal 2014 as it converts unlicensed coffee pod makers to licensed partners. The company, however, gave a cautious current-quarter forecast, citing a transition to a new brewing system and weakness in U.S. consumer spending.

** BAZAARVOICE INC, $7.69, down 14 pct (9:40 a.m. ET)

The consumer review aggregator’s second-quarter net loss widened as total operating costs rose nearly 27 percent. The company also said its Chief Executive Stephen Collins will step down effective January.

** VOXELJET AG, $33.67, down 15 pct (9:38 a.m. ET)

Shares of the 3D printer maker continued their fall after a 26 percent plunge on Wednesday, following a report from short-seller Citron Research that questioned the company’s quarterly results. In a report on Wednesday, Citron said the company provided loans to customers to generate sales and avoid posting a loss in its first results as a public company.

Voxeljet shares closed 44 percent higher on their debut.

** LIQUIDITY SERVICES INC, $22, down 15 pct (9:35 a.m. ET)

The online auction marketplace forecast current quarter and full year earnings per share way below analysts’ estimates as its retail business was hurt by lower spending by customers.

“The retail vertical of our business has seen significant changes in consumer spending habits in certain categories, such as electronics, ...,” the company said.

** EVOGENE LTD, $16, up 9 pct (9:55 a.m. ET)

Shares of the Israel-based company rose about 12 percent in their U.S. market debut, valuing the plant biotechnology company at about $400 million.

** NAVIGATOR HOLDINGS LTD, $20.21, up 6.5 pct (9:58 a.m. ET)

Shares of the liquefied gas carrier, controlled by billionaire investor Wilbur Ross, rose as much as 11 percent in their debut, valuing the company at about $1.15 billion.

** AEROPOSTALE INC, $10.37, up 3.2 pct (9:33 a.m. ET)

Private equity firm Crescendo Partners, which holds shares of Aeropostale, urged the teen clothing retailer to sell itself. The company, whose efforts to attract young shoppers has failed, has posted losses for three quarters in a row.

** DOLLAR TREE INC, $55.99, down 4.9 pct (9:33 a.m. ET)

The company reported a smaller-than-expected rise in quarterly comparable store sales and forecast current-quarter results below estimates.

** ONCOLYTICS BIOTECH INC, $2.60, up 3 pct (9:33 a.m. ET)

The company said its lead cancer drug improved survival rates in patients with head-and-neck cancer, compared to those receiving chemotherapy alone.

** GAMESTOP CORP, $49.70, down 5.5 pct (9:34 a.m. ET)

The world’s largest retailer of video game products forecast earnings for the holiday shopping quarter that fell short of Wall Street expectations.

** AMICUS THERAPEUTICS, $1.97, down 7 pct (9:41 a.m. ET)

The company said it reacquired the development and marketing rights to its experimental treatment for Fabry disease from partner GlaxoSmithKline. Fabry disease is a type of rare, genetic disease called lysosomal storage disease.

Amicus also said it acquired privately held Callidus Biopharma that develops enzyme replacement therapies for lysosomal storage diseases.

At least two brokerages downgraded the stock on Thursday.

** INTERCLOUD SYSTEMS, $13.56, up 7 pct (9:35 a.m. ET)

The company, which provides cloud and consulting services to wireless and wireline telecommunication companies, said its professional services group received contracts related to network expansion projects worth over $2.5 million from new and existing clients.

** AIR LEASE CORP, $30.90, down 5.6 pct (9:37 a.m. ET)

The aircraft leasing company late on Wednesday announced a secondary offering of 10.1 million shares of its Class A common stock by affiliates of Ares Management LLC, Leonard Green & Partners LP and WL Ross & Co LLC. The company will not receive any proceeds from the sale.

** WILLIAMS-SONOMA INC, $58.71, up 5.8 pct (9:37 a.m. ET)

The home furnishings chain on Wednesday reported third-quarter results above analysts’ average estimates and said it was well-positioned for the upcoming holiday season as shoppers spent more on their homes in an improving U.S. housing market.

Barclays and RBC Capital Markets raised their price targets on the company’s stock.

** CYBERONICS INC, $64.21, up 2 pct (9:39 a.m. ET)

The medical device maker raised its 2013 forecast as it benefited from strong patient additions and favorable currency impact in the second quarter. The company expects sales of between $281 million and $285 million, ahead of its previous forecast of $279 million to $283 million.

Analysts on average expect sales of $282 million, according to Thomson Reuters I/B/E/S.

** JOHNSON CONTROLS INC, $50.97, up 5.8 pct (9:39 a.m. ET)

The largest U.S. auto parts maker on Wednesday said it will increase its share buyback program by $3 billion to bring the plan to $3.65 billion over the next three years.

** ABERCROMBIE & FITCH CO, $34.29, down 2 pct (9:40 a.m. ET)

The teen clothing retailer, struggling to keep up with the fast-changing tastes of young shoppers, reported a quarterly loss as comparable-store sales declined for the seventh straight quarter.

** GILDAN ACTIVEWEAR INC, $47.01, down 4 pct (9:44 a.m. ET)

The Canadian apparel maker reported a 9 percent rise in fourth-quarter profit, helped by lower cotton prices and higher sales in its printwear business.

However, the company forecast lower-than-expected earnings for the current quarter, saying the first half of fiscal 2014 would be hurt by higher cotton costs.

** WEBMD HEALTH CORP, $37.74, down 3 pct (9:45 a.m. ET)

The health information provider said it will offer $300 million worth convertible notes for an initial conversion price of about $52.81 per share in a private placement. The price represents a 36 percent premium to the stock’s closing price on Wednesday, the company said. Proceeds will be used for general corporate purposes including acquisitions and repurchase of shares.

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