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U.S. stocks were poised for a flat open on Tuesday, as the Dow and S&P 500 hold near record levels ahead of testimony by Federal Reserve Chair Janet Yellen and a flurry of economic data. Dow Jones industrial average futures were up 0.08 percent at 18,100, S&P 500 futures were down 0.01 percent at 2,106.5 and Nasdaq 100 futures were down 0.06 percent at 4,441.75.
** JPMORGAN CHASE & CO, Tuesday close $59.35, +1.72 pct premarket
The bank said on Tuesday it is aiming to save around $1.4 billion in annual expenses by cutting costs and simplifying businesses mainly in its consumer- and investment-banking units.
The firm is set to charge large institutional customers for some deposits, citing new rules that make holding money for the clients too costly, the Wall Street Journal reported, citing people familiar with the matter.
** REAL GOODS SOLAR INC,Tuesday close $0.699, -29.90 pct premarket
The solar company priced public offering of units, consisting of shares and warrants, at $0.50 per unit. The stock closed at $0.70 on Monday on the Nasdaq.
** DOMINO‘S PIZZA INC, Tuesday close $104.5, -1.05 pct premarket
The pizza chain’s quarterly revenue jumped 14 percent, helped by strong demand in the United States and an increase in prices for ingredients it sells to franchisees.
** CRACKER BARREL OLD COUNTRY STORE INC,Tuesday close $134.25, +5.14 pct premarket
The restaurant chain operator raised its full-year earnings forecast after adjusted profit and sales beat estimates for the fourth straight quarter. The company said milder winter lower gas prices spur consumer spending, helping company’s second-quarter result.
** CYTORI THERAPEUTICS INC, Tuesday close $0.65, +11.54 pct premarket
European regulators issued a positive opinion on the cell therapy drug developer’s application to procure orphan drug status for its experimental drug, ECCS-50, to fight autoimmune condition scleroderma.
** DEALERTRACK TECHNOLOGIES INC, Tuesday close $44.68, -3.11 pct premarket
The company, which makes software for the automotive retail industry, forecast a 2015 profit below analysts’ expectations. Barclays Capital cut its price target on the stock to $43 from $47.
** SUNPOWER CORP, Tuesday close $27.8, +15.83 pct premarket
** FIRST SOLAR INC, Tuesday close $49.64, +15.03 pct premarket
Sunpower, the second-largest solar panel maker in the United States, reported a better-than-expected quarterly profit, helped by strong demand for its high-margin power plant business.
First Solar and SunPower also said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets.
** ROSETTA RESOURCES INC, Tuesday close $21.87, -16.32 pct premarket
The oil and gas producer cut its 2015 production forecast to 58-62 thousand barrels of oil equivalent per day (MBoe/d) from 76-82 MBoe/d. Rosetta also reported a lower-than-expected fourth-quarter profit, hurt by lower average sales price.
At least four brokerages downgraded the stock.
** HEALTH CARE REIT INC, Tuesday close $78.69, -2.91 pct premarket
The REIT will offer 17 million of its 330 million shares outstanding. The company did not disclose the offer price and said it will use net proceeds to repay debt and for other purposes, including investing in healthcare, seniors’ housing.
** CHEGG INC, Tuesday close $6.75, +14.67 pct premarket
BMO Capital Markets upgraded the stock to “outperform” from “market perform”, according to Theflyonthewall.com.
The online library operator on Monday signed a deal with book distributor Ingram Content Group Inc’s unit to be able to exit its warehouse operations by the end of this year. The company said it would move investment from physical textbooks to high-margin digital services with Ingram responsible for all new book investments starting May 1.
Chegg also reported a better-than-expected fourth-quarter profit as operating expenses fell 10.4 percent from a year earlier.
** HOME DEPOT INC, Tuesday close $112.28, +4.12 pct premarket
The world’s No.1 home improvement chain, reported a 36 percent rise in fourth-quarter profit and said it would buy back $18 billion of shares.
** TOLL BROTHERS INC, Tuesday close $37.1, +4.18 pct premarket
The largest U.S. luxury homebuilder, reported a higher-than-expected quarterly profit and raised the low end of its full-year home delivery forecast as housing demand strengthened.
** CYMABAY THERAPEUTICS INC, Tuesday close $12.25, +6.12 pct premarket
The company said its experimental lead drug met the main goal of reducing episodes of gout in a mid-stage study.
COMCAST CORP, Tuesday close $58.21, +0.05 pct premarket
** TIME WARNER CABLE INC, Tuesday close $149.09
Comcast, the largest U.S. cable operator, posted fourth-quarter revenue that marginally beat estimates as the company added new video and high-speed internet customers.
Comcast and Time Warner Cable have also been sued for $20 billion for allegedly discriminating against African American-owned media and employing advocates such as the NAACP and the Rev. Al Sharpton to advance their bias.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Tuesday close $198.75, +1.23 pct premarket
Valeant plans to strike smaller deals to build on its acquisitions of Salix Pharmaceuticals Ltd and assets of Dendreon Corp, its chief executive said on Monday.
** FIVE9 INC, Tuesday close $3.78, +7.41 pct premarket
The maker of contact-management software for call-centers reported better-than-expected fourth-quarter revenue and a smaller-than-expected loss as gross margin expands to 48.6 percent from 46.5 a year earlier. The company also forecast higher-than-expected revenue for the first quarter.
** PDL BIOPHARMA INC, Tuesday close $7.34, -5.99 pct premarket
The drug developer reported lower fourth-quarter net income, as acquisition- and compensation-related expenses increased.
** MONDELEZ INTERNATIONAL, Tuesday close $36.995, +1.47 pct premarket
Mondelez International and D.E. Master Blenders 1753 proposed on Monday selling the Carte Noire coffee brand instead of two smaller marques to soothe European competition concerns about their merger.
** AGRIUM INC, Tuesday close $109.89, +1.63 pct premarket
The Canadian fertilizer and farm retail dealer reported a better-than-expected fourth-quarter profit, helped by higher prices for most grains and oilseeds.
** BARRICK GOLD, Tuesday close $12.71, -1.34 pct premarket
Workers at the Canadian company’s Lumwana Copper Mine in Zambia called off their strike after the government said they would not lose their jobs, an official said.
** XENCOR INC, Tuesday close $15.32, -2.42 pct premarket
The drug developer announced an offering of 5.5 million shares and said it will sell all the shares in the offering. The company had 31.4 million shares outstanding, as of Feb. 5.
** RAYTHEON CO, Tuesday close $109.66, +0.36 pct premarket
The U.S. weapons maker agreed with the United Arab Emirates on Monday to equip the oil-rich Gulf country’s armored vehicles with Talon laser-guided rockets, a company official told Reuters.
** HEWLETT-PACKARD CO, Tuesday close $38.19, +0.24 pct premarket
Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to HP in a multibillion-dollar deal that leaves the group’s retail operations untouched.
** OFFICE DEPOT INC, Tuesday close $9.44, -0.42 pct premarket
The No. 2 U.S. office supplies retailer’s quarterly sales rose nearly 10 percent, helped by the acquisition of OfficeMax.
** MACY‘S INC, Tuesday close $64.16, -0.33 pct premarket
The department store chain’s fourth-quarter sales rose about 2 percent due to higher demand for apparel and accessories in the holiday shopping season, but missed the average analyst estimate. (Compiled by Sneha Banerjee in Bengaluru; Editing by Joyjeet Das)