(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks held on to their gains in early afternoon trading on Tuesday, reversing earlier declines, on strong earnings from Merck, better-than-expected housing data and a dividend hike from IBM. The Dow Jones industrial average was up 0.41 percent at 18,112.24, the S&P 500 was up 0.31 percent at 2,115.54 and the Nasdaq Composite was up 0.18 percent at 5,069.584.
** INTERNATIONAL BUSINESS MACHINES CORP, $174.28, +2.08 pct
The technology services company’s board approved an 18 percent increase in the company’s quarterly cash dividend, its biggest increase in five years.
** COACH INC, $39.42, -6.87 pct
The Poppy handbag makers’ quarterly sales fell short of estimates due to continued weak demand for its products in North America, its biggest market.
** WHIRLPOOL CORP, $185.76, -6.10 pct
The home appliance maker lowered its profit forecast and sales outlook for 2015, predicting a significant drop in Latin American sales owing largely to Brazil’s stagnating economy.
** KONINKLIJKE PHILIPS NV, $28.89, -3.96 pct
Electrical company Koninklijke Philips NV has reported first-quarter earnings showing continued weakness in the healthcare equipment operations that are increasingly vital for the Dutch group as it prepares to spin off its lighting operations.
** MERCK AND CO, $60.21, +5.45 pct
The company’s diabetes drug, Januvia, achieved the main goal of a long-awaited heart safety study. The company also reported better than expected quarterly sales and earnings on Tuesday.
** FIAT CHRYSLER AUTOMOBILES NV, $16.26, -1.63 pct
The National Highway Traffic Safety Administration expects to be ready to take action within two weeks to reduce the safety risks associated with gas tank fires in older Fiat Chrysler Jeep sport utility vehicles and exploding Takata Corp airbags, the agency’s top official said on Tuesday.
** MDC PARTNERS INC, $19, -32.09 pct
The marketing and communication services company said on Monday that it received a subpoena from the SEC. The agency is investigating CEO reimbursement, the company’s goodwill, other accounting practices and information relating to trading by third parties.
** WINDSTREAM HOLDINGS INC, $12.23, +15.27 pct
The telephone network services provider said on Monday that it completed separation of its business into two publicly traded companies and its 1-for-6 reverse stock split. UBS raised its price target on the stock to $11.50 from $8, while Nomura raised it to $15 from $10.50.
** SERVICESOURCE INTERNATIONAL INC, $3.73, +10.68 pct
JMP Securities upgraded the revenue management software maker’s stock to “market outperform” from “market perform”.
** HARMONY GOLD MINING CO LTD, $2.08, +5.58 pct
** AGNICO EAGLE MINES LTD, $31.71, +5.35 pct
** ANGLOGOLD ASHANTI LTD, $11.37, +4.03 pct
** ELDORADO GOLD CORP, $4.99, +4.39 pct
** SIBANYE GOLD LTD, $9.3, +4.49 pct
** SEABRIDGE GOLD INC, $6.52, +3.82 pct
** RANDGOLD RESOURCES LTD, $77.36, +4.20 pct
** YAMANA GOLD, $4.06, +4.10 pct
** PRIMERO MINING CORP, $3.79, +5.57 pct
** DRDGOLD LTD, $1.82, +2.25 pct
** GOLDCORP INC, $19.895, +3.73 pct
** ENDEAVOUR SILVER CORP, $2.14, +5.42 pct
** FORTUNA SILVER MINES INC, $3.85, +4.90 pct
** SILVER STANDARD RESOURCES INC, $5.7301, +3.99 pct
Gold and silver rose on Tuesday after disappointing U.S. data hit the dollar, sending the shares of mining companies higher.
** SCORPIO BULKERS INC, $2.479, -3.54 pct
The dry bulk shipper’s first-quarter net loss rose almost five-fold as higher operating expenses offset a rise in vessel revenue.
** RUDOLPH TECHNOLOGIES INC, $13.3, +10.37 pct
Three brokerages raised price targets on the company’s stock after the data analysis system maker reported better-than-expected first-quarter profit and revenue on Monday.
** OWENS & MINOR INC, $35.32, +5.69 pct
The healthcare logistics company reported an adjusted first-quarter profit in line with the average analyst estimate and said revenue rose to $2.3 million from $2.2 million a year earlier, helped by strong demand for healthcare services.
** AIRMEDIA GROUP INC, $4.6001, -7.81 pct
A Seeking Alpha report by Richard Pearson slammed an announcement that Chinese display maker Shenzhen Liantronics Co Ltd bought a stake in the digital advertising service provider’s unit on April 7.
** NATIONAL OILWELL VARCO INC, $51.209, -6.37 pct
The largest U.S. oilfield equipment maker reported first-quarter revenue that missed the average analyst estimate due to a decline in drilling activity.
** HEIDRICK & STRUGGLES INTERNATIONAL INC, $25, +8.08 pct
The executive search advisory firm’s first-quarter profit and revenue beat the average analyst estimate, helped by higher consulting revenue from the Americas and Asia and lower operating expenses.
** OVERSTOCK.COM INC, $23.32, -6.98 pct
The online retailer reported a lower-than-expected first-quarter profit on Monday, hurt by increased promotions.
** C.H. ROBINSON WORLDWIDE INC, $65.36, -5.19 pct
The transportation company’s first-quarter revenue of $3.30 billion missed the average analyst estimate of $3.34 billion, and Barclays cut its price target to $77 from $80.
** IRON MOUNTAIN INC, $37.78, +4.25 pct
The document and data storage services company said it will buy Australia-listed data protection services provider Recall Holdings Ltd for about $2.2 billion in cash and stock.
** HONDA MOTOR CO, $33.36, -7.90 pct
The automaker forecast a scant 0.4 percent rise in net profit for the year started April 1, and said higher quality-related costs and currency losses would offset gains from sales growth.
** NETLIST INC, $0.6504, +28.79 pct
The memory products maker signed a deal with LG Electronics Inc to build memory products for smartphones.
** WOLVERINE WORLDWIDE INC, $31.56, -7.04 pct
The shoe maker reported lower-than-expected first-quarter revenue, hurt in part by a strong dollar.
** 1-800-FLOWERS.COM INC, $11.81, +8.95 pct
The florist and gifts retailer reported a surprise third-quarter profit, helped by higher margins in its gourmet food and gift baskets business.
** ENDURANCE INTERNATIONAL GROUP HOLDINGS INC, $17.915, -18.35 pct
A critical report from a short-selling firm raised questions about the cloud computing company’s profits and ability to pay its debt.
** BANCO SANTANDER BRASIL SA, $5.485, +4.88 pct
The largest foreign lender in Brazil posted a first-quarter profit that rose to its highest level in three years.
** SUPERVALU INC, $10.16, -5.05 pct
The grocery wholesaler and retailer reported fourth-quarter sales of $4.36 billion, lagging the average analyst estimate of $4.39 billion.
** YOU ON DEMAND HOLDINGS INC, $2.38, +3.93 pct
The Chinese video-on-demand provider launched a mobile streaming service on C Media’s railway Wi-Fi platform.
** JETBLUE AIRWAYS CORP, $21.05, +6.80 pct
The airline’s first-quarter profit soared as strong U.S. domestic demand, lower fuel prices and cost controls helped its bottom line, the company reported on Tuesday.
** BARRICK GOLD CORP, $13.35, +4.30 pct
The company’s shareholders have voted to reject the gold miner’s controversial executive compensation plan, Barrick Executive Chairman John Thornton said on Tuesday.
** AK STEEL HOLDING CORP, $5.4, +10.43 pct
The steel producer reported better-than-expected first-quarter revenue, partly due to stronger sales in the automotive market.
** AMARIN CORP PLC, $2.11, -1.86 pct
The U.S. FDA rejected the Irish drugmaker’s application to expand the label of its drug Vascepa, citing insufficient data that showed it reduced cardiovascular-related risks.
** UNIPIXEL INC, $3.7601, -35.50 pct
The touchscreen sensor maker terminated certain manufacturing facility installation and supply agreement with Displays and Eastman Kodak Company.
** IDEXX LABORATORIES INC, $139.68, -13.27 pct
The maker of pet health products forecast weaker-than-expected 2015 earnings and sales, to reflect the continued strengthening of the US dollar.
** AMKOR TECHNOLOGY INC, $7.3, -8.06 pct
The semiconductor assembling and testing services provider forecast lower-than-expected second-quarter profit and net sales, citing inventory adjustments and other issues at a major customer.
** VASCO DATA SECURITY INTERNATIONAL INC, $26.34, +7.16 pct
The data security products and software maker reported a 67.8 percent rise in first-quarter revenue, helped by a strong demand for its products.
** FREEPORT-MCMORAN INC, $22.69, +3.99 pct
Analysts at Morgan Stanley upgraded the miner’s stock to “overweight”, as Freeport ramped up volumes and saw a decline in capital spending.
** PRANA BIOTECHNOLOGY LTD, $1.22, +7.02 pct
The European regulator recommended an “orphan medicinal product” designation for the Australian biotech’s lead experimental drug, PBT2, to treat Huntington’s disease, to the European Commission.
** AETERNA ZENTARIS INC, $0.5925, +2.12 pct
An Independent Data Safety Monitoring Board recommended on Friday that a late-stage trial of the company’s experimental drug to treat a type of cancer should continue as planned.
** UNITED PARCEL SERVICE INC, $100.44, +3.09 pct
The courier company on Tuesday reported a higher quarterly net profit due to price increases and productivity improvements, and reaffirmed its earnings outlook for 2015.
** RENT-A-CENTER INC, $29.69, +9.80 pct
The rent-to-own home furniture retailer reported a better-than-expected first-quarter profit and revenue, driven by costs cuts and higher sales of merchandise such as smartphones.
** ICICI BANK, $10.97, +7.65 pct
The Indian bank reported a 10 percent rise in Jan-March net profit, beating analyst estimates.
** ALLY FINANCIAL INC, $21.27, +4.73 pct
The largest U.S. auto lender reported a quarterly profit that more than doubled, helped by a one-time after-tax gain of about $400 million, related to a stake sale in its joint venture with a Chinese auto lender.
** CONTAINER STORE GROUP INC, $17.75, -18.17 pct
The storage products retailer forecast a full-year 2015 profit below analysts’ estimates, citing investments and supply delays due to the West Coast port strikes.
** AETNA INC, $109.6, +2.51 pct
The third-largest U.S. health insurer increased its forecast for full-year operating earnings after a stronger-than-expected profit in the first quarter.
** ORANGE SA, $16.29, -3.15 pct
France’s largest telecom operator posted slightly lower quarterly results on Tuesday that were largely in line with expectations as mobile subscriber growth and expense cuts failed to offset higher network spending and other costs.
** YANDEX NV, $19.45, -4.05 pct
Russia’s biggest search site said on Tuesday its first-quarter net profit fell 21 percent, year-on-year, to 2.1 billion roubles ($40.5 million) due to an increase in personnel and rent expenses. ($1 = 51.8000 roubles) (Reporting by Ankit Ajmera in Bengaluru, Editing by Simon Jennings)