Oct 22 (Reuters) - Some U.S. stocks to watch on Monday:
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FUTURES HIGHER AFTER FRIDAY SELL-OFF, EARNINGS EYED
Stock index futures advanced, indicating the S&P 500 may bounce from its worst decline since late June ahead of earnings from companies including Caterpillar and Freeport-McMoRan.
S&P 500 futures rose 4.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 44 points, and Nasdaq 100 futures 1 added 16.5 points.
** CATERPILLAR INC, Friday close $83.86, down 0.6 pct premarket
Caterpillar, the world’s largest maker of tractors and excavators, said the global economy is slowing faster than it had expected and slashed its 2012 forecast for the second time this year.
** NEXEN INC , Friday close $22.5, down 11 pct
U.S.-listed shares of the Canadian oilsands producer, target of a $15.1 billion takeover bid from Chinese oil group CNOOC , fell on uncertainties after the Canadian government blocked the C$5.17 billion acquisition of Progress Energy Resources Corp by Malaysian state oil company Petronas on Friday.
There are fears now that the government might nix the CNOOC bid as well, as Canadians debate the prospect of more of the Alberta oil sands being controlled by a Chinese state-owned enterprise.
** LDK SOLAR CO LTD, Friday close $0.71, up 10 pct premarket
The Chinese solar power equipment maker sold a stake amounting to 19.9 percent of its outstanding shares to state-backed Heng Rui Xin Energy, providing the debt-laden company with some much-needed liquidity.
** ANCESTRY.COM INC, Friday close $29.18, up 8 pct premarket
The U.S. genealogy website Ancestry.com said it will be acquired by a group led by Europe-based private equity firm Permira in a $1.6 billion deal.
** AMC NETWORKS INC, Friday close $45.52, up 4 pct premarket
** DISH NETWORK CORP, Friday close $35.47
** CABLEVISION SYSTEMS CORP, Friday close $18.39, up 3 pct premarket
Dish, United States’s third-largest pay-TV provider, settled a four-year old lawsuit filed by Cablevision and AMC over a high-definition programming agreement, according to statements from the companies on Sunday.
** OREXIGEN THERAPEUTICS INC, Friday close $6.15, up 4 percent premarket
Orexigen received indications from an agency of the U.S. health regulator that it would be willing to discuss a faster resubmission of the company’s application to market its weight loss pill.
** BP PLC, Friday close $43.10, up 0.1 pct premarket
NK Rosneft’ OAO announced a two-part deal worth around $55 billion that gives British oil company BP a stake of 19.75 percent in the state-controlled Russian energy firm and two seats on the board, and offers an exit for the TNK-BP’s other shareholders AAR, as well.
** HALCON RESOURCES CORP, Friday close $7.07
The o il and gas producer said it will buy some assets in the Williston basin from privately held Petro-Hunt LLC and an affiliated entity for about $1.45 billion. [ ID:nL3E8LM64C]
** SANDISK, Friday close $44.02, down 1.5 pct premarket
RBC Capital Markets cut the stock to “sector perform” from “outperform.”
** HASBRO INC, Friday close $39.05, down 0.1 pct premarket
The No. 2 U.S. toy company posted a third-quarter profit that topped Wall Street expectations but sales fell short of estimates, hurt by a drop in revenue at its boys and preschool product lines.
** APPLE INC, Friday close $609.84, up 0.2 pct premarket
** ORACLE CORP, Friday close $30.47
Apple is removing old versions of Oracle Corp’s Java software from Internet browsers on the computers of its customers when they install the latest update to its Mac operating system.
** CITIGROUP, Friday close $37.18, up 0.2 pct premarket
Saudi billionaire Prince Alwaleed bin Talal, who has a stake in Citigroup, said on Monday the U.S. bank has great potential under new management following the departure of Vikram Pandit as chief executive.
** STARBUCKS CORP, Friday close $45.68
The coffee chain’s reputation among consumers in Britain has been hit by wave of criticism of its tax affairs from politicians and the media, pollster YouGov said.
** VISA INC, Friday close $139.97
** MASTERCARD INC, Friday close $470.06
A proposed $7.2 billion settlement between merchants and Visa and Mastercard over credit-card fees was submitted on Friday for approval by a federal judge, setting in motion what will be a contentious and closely watched battle over the fate of the potentially historic pact.
** ARCHER DANIELS MIDLAND CO, Friday close $28.52
The U.S. agriculture giant bid $2.8 billion for GrainCorp , sending shares in Australia’s last independent grains handler soaring, as markets bet on a higher offer price or rival bids being flushed out.
** EMERSON RADIO CORP, Friday close $2.14, down 5 pct post-market
Emerson Radio on Friday said Wal-Mart will stop buying two of its microwave oven products from spring 2013.
** GILEAD SCIENCES INC, Friday close $66.59
Bayer AG’s experimental riociguat pill showed promise against a life-threatening form of high blood pressure in the lungs, a potential challenge to existing treatments from Actelion Ltd and Gilead.
** ZIOPHARM ONCOLOGY INC, Friday close $4.35
A report on Forbes’ website alleged that the cancer drugmaker withheld crucial information from its investors, including a regulatory warning letter related to mid-stage trial data of its chemotherapy drug palifosfamide.
** SUNTRUST BANKS INC, Friday close $28.63
The bank’s third-quarter profit surged as the lender gained from the accelerated sale of its shares in Coca-Cola Co that produced a pre-tax gain of $1.9 billion.
** EDWARDS LIFESCIENCES CORP, Friday close $86.14
The company said U.S. health regulators widened the approved use of its Sapien artificial heart valve to include patients who are eligible for surgery but at high risk of serious surgical complications or death.
** AT&T INC, Friday close $35.32
The company said on Friday it will contribute a stake in its wireless business to the company’s pension plan worth $9.5 billion to secure the fund, according to a U.S. Securities and Exchange Commission filing.
** CAI INTERNATIONAL, Friday close $20.73
Keefe Bruyette & Woods assumed coverage on the stock with “outperform” rating.
** INTERNATIONAL FLAVORS & FRAGRANCE, Friday close $61.69
Stifel Nicolaus raised the company to “buy” from “hold.”
** KANSAS CITY SOUTHERN, Friday close $78.43
BB&T Capital Markets cut it to “hold” from “buy.” (Reporting by Ranjita Ganesan in Bangalore)