October 23, 2012 / 1:33 PM / 6 years ago

MARKET PULSE-ARM, Xerox, Monster Beverage, 3M, Regions Financial

Oct 23 (Reuters) - Some U.S. stocks to watch on Tuesday:

(For more market insights, including options activity, click on STXNEWS/US; for the Morning News Call newsletter, click on link.reuters.com/faq23t; for the day ahead newsletter, link.reuters.com/mex49s)


Stocks were set for a sharply lower open as earnings from a host of large multinational companies and a Moddy’s credit rating downgrade of several regions in Spain triggered concerns about the slowing global economy.

S&P 500 futures fell 1.22 percent. Dow Jones industrial average futures dropped 1.07 percent and Nasdaq 100 futures declined 1.07 percent.

** DUPONT, Monday close $49.76, down 6.7 pct premarket

The chemical company slashed its annual forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts - bleak signs that demand for its lucrative paints and solar products is slipping around the world.

** 3M CO, Monday close $92.53, down 2.1 pct premarket

The diversified U.S. manufacturer reported a 6.7 percent rise in third-quarter profit, but the company cut its profit forecast for the full year as acquisition costs and a strengthening dollar hurt margins.

** HEELYS INC, Monday close $1.85, up 27 pct premarket

The maker of children’s sneakers with wheels is selling itself to private equity firm Evergreen Group Ventures after suffering years of fading sales and a sliding share price.

** SUPERVALU INC, Monday close $3.17, down 8.8 pct premarket

The stock of the troubled supermarket operator fell after soaring on Monday on report that Cerberus Capital Management was working on a takeover bid for the troubled supermarket operator Supervalu and has held talks with lenders to line up financing.

** ARM HOLDINGS PLC , Monday close $28.12, up 6.5 pct premarket

The British chip designer beat quarterly profit forecasts, helped by the adoption of its most powerful processor technology in smartphones and tablet computers from the likes of Apple and Samsung.

** XEROX CORP, Monday close $7.03, down 6.1 pct premarket

Xerox tightened its full-year earnings outlook and said it would take a restructuring charge of up to $100 million after its third-quarter revenue was hurt by a strong dollar, weak economic conditions in Europe and tight government budgets.

** RYDER SYSTEM INC, Monday close $43.43, up 5.2 pct premarket

The trucking and logistics company reported higher quarterly profit, helped by cost cuts, a reduced fleet, and sales of used vehicles, and raised its forecast for the balance of the year.

** SIGMA-ALDRICH CORP, Monday close $72.96, down 4 pct premarket

Sigma-Aldrich a provider of chemicals for medical research, reported a lesser-than-expected quarterly revenue that eclipsed an in-line profit, hurt primarily by certain large orders slipping into the fourth quarter. Additionally, the company said it continues to experience soft demand in its research business.

** PEABODY ENERGY, Monday close $28.95, down 3.8 pct premarket

Goldman Sachs downgraded the coal miner’s stock to “neutral.”

** MONSTER BEVERAGE CORP, Monday close $45.73, down 2.9 pct premarket

The U.S. Food and Drug Administration said on Monday that it was investigating reports of five deaths that may be associated with Monster Beverage’s namesake energy drink.

** REGIONS FINANCIAL CORP, Monday close $7.08, down 8 pct premarket

The southeastern U.S. regional bank’s third-quarter profit nearly tripled as it set aside less money to cover bad loans but loan yields fell, signaling pressure on margins.

** WHIRLPOOL CORP, Monday close $86.31, up 2.5 pct premarket

Whirlpool reported a higher-than-expected quarterly profit as it benefited from price increases and improved productivity, prompting the world’s largest appliance maker to raise its earnings outlook for the year.

** TARGET CORP, Monday close $62.21, up 1.3 pct premarket

The company said it had struck a deal to sell its credit card portfolio to TD Bank Group, finding a buyer nearly two years after the retailer first said it wanted to sell the business.

** UNITED PARCEL SERVICE INC, Monday close $71.56, up 0.8 pct premarket

The world’s largest package delivery system reported a lower quarterly profit that met market expectations, citing slowing global trade.

UPS also forecast 2012 adjusted earnings between $4.55 and $4.65 per share, which would be 5 to 7 percent above the 2011 figure. Analysts expect $4.56 a share, according to Thomson Reuters I/B/E/S.

** COACH INC, Monday close $54.17, up 6.3 pct premarket

The upscale leather-goods maker reported higher quarterly sales as business increased at its own stores in North America and there were large gains in China, although several retailers have said that market may be slowing.

** GENTEX CORP, Monday close $17.24, down 10.3 pct premarket

Gentex, a maker of automatic-dimming rear-view mirrors, posted a lower quarterly profit, and said it is concerned about volatility in its biggest market Europe.

** YAHOO INC, Monday close $15.77, up 3.8 pct premarket

Yahoo Chief Executive Marrisa Mayer promised to modernize Yahoo’s websites and make them more smartphone-friendly in her debut appearance at the helm of the struggling company, faulting it for underinvesting in the “mobile wave”.

** WESTERN DIGITAL CORP, Monday close $35.28, down 9 pct premarket

** SEAGATE TECHNOLOGY PLC, Monday close $28.31, down 5.3 pct premarket

The world’s largest hard disk drive maker Western Digital’s first-quarter profit topped lowered Wall Street expectations but the company said slowing PC sales and falling IT spending would hurt current-quarter sales and eat into margins.

Referring to the rising popularity of tablets and smartphones - which use flash-based memory - over PCs, J.P. Morgan Securities hardware analyst Mark Moskowitz said: “In tough times, unique or “feel good” purchases can be more amenable to end users, which gives the edge to the tablet versus the PC.”

The news also sent down shares of rival Seagate.

** AK STEEL HOLDING CORP, Monday close $5.51, down 2.9 pct premarket

The company posted a wider third-quarter loss on Tuesday, as weak global demand pushed down prices for its steel products.

** MEADWESTVACO CORP, Monday close $30.39, down 1.2 pct premarket

The packaging company reported a sharp drop in third-quarter profit as higher prices were offset by unfavorable foreign currency exchange rates and decreased income from land sales.

** NETAPP INC, Monday close $29.28, down 2 pct premarket

Brokerage Robert W. Baird & Co cuts the data storage equipment maker to “neutral.”

LEXMARK INTERNATIONAL INC, Monday close $21.65, up 1.8 pct premarket

Lexmark, which is exiting its inkjet printer business, reported better-than-expected quarterly results but said it expected current-quarter revenue to decline 10 percent to 12 percent.

** HARLEY-DAVIDSON INC, Monday close $43.53

The motorcycle maker reported lower quarterly earnings as it revamped production at its largest factory, but the motorcycle maker kept its full-year forecast for shipments unchanged.

** TEXTRON INC, Monday close $25.67

Textron is still considering a possible acquisition of aircraft maker Hawker Beechcraft Corp after the collapse of Hawker’s talks with a Chinese firm, Textron’s chief executive said on Monday, while saying the price tag on the Chinese deal was too expensive.

** PEPSICO INC, Monday close $69.60

Pepsi said Japanese beverage company Suntory Holdings Ltd will acquire a 51 percent equity stake in the company’s beverage business in Vietnam.

** CHESAPEAKE ENERGY CORP, Monday close $20.79

The U.S. energy company plans to pay off more than half of a pricey $4 billion bridge loan after receiving $2.8 billion in cash from the sale of some of its oil and gas properties in the Permian Basin.

** APPLE INC, Monday close $643.03

The company is expected to make its biggest product move on Tuesday since debuting the iPad two years ago, launching a smaller, cheaper tablet into a market staked out by Amazon.com Inc and Google Inc.

** ASSURANT INC, Monday close $40.89, down 1.9 pct premarket

The specialty insurer’s unit reached an agreement with the California Department of Insurance to reduce the premium rates for its lender-placed hazard insurance product by 30.5 percent.

The company's unit expects the new rates that will be implemented in January 2013 to negatively impact its full-year net income by about $18 million. r.reuters.com/ran53t

** RADIOSHACK CORP, Monday close $2.39, down 7.5 pct premarket

The U.S. consumer electronics chain reported a much wider-than-expected quarterly loss, hurt by weak margins in its smartphone business.

** TEXAS INSTRUMENTS INC, Monday close $27.79, down 0.7 pct post-market

The U.S. chipmaker’s quarterly revenue fell as demand for its chips slipped on economic concerns, and the company forecast more weakness this quarter.

** MORGAN STANLEY, Monday close $17.45

More than $6.5 billion in client assets managed at Morgan Stanley’s U.S. brokerage may be walking out the door after two top-ranked private wealth advisers left the firm in California.

** DOMINION RESOURCES INC, Monday close $52.96

The company plans to shut its Kewaunee plant in Wisconsin next year. It will be the first U.S. nuclear plant to fall victim to growing competition from natural gas, triggering expectations more reactors could be forced to shut down.

** VOLTERRA SEMICONDUCTOR CORP, Monday close $17.95, down 10.3 pct post-mkt

The chipmaker forecast fourth-quarter results that were below analysts’ expectations.

** WAL-MART STORES INC, Monday close $75.65

A new lawsuit accused Wal-Mart and two staffing agencies of requiring temporary employees to show up early for work, stay late, and work through lunch at the world’s largest retailer.

** FNB Corp, Monday close $10.68

** ANNAPOLIS BANCORP INC, Monday close $7.75

Bank holding company FNB agreed to buy Annapolis, the parent of BankAnnapolis, in an all-stock deal valued at $49 million to tap the Maryland market.

** AMAZON.COM INC, Monday close $233.78

The e-retailer said on Monday that its $199 Kindle Fire HD tablet has been the best-selling product on its website since the gadget went on sale more than a month ago.

** VEECO INSTRUMENTS INC Monday close $28.88, down 7.3 pct premarket

The company, which makes critical equipment for LED production, reported lower-than-expected quarterly revenue after the bell on Monday, hurt by weak bookings revenue, and forecast fourth-quarter results below Wall Streets’ estimates.

Canacord Genuity cut its price target on the stock to $25 from $27 citing a weak forecast.

** WILSHIRE BANCORP INC, Monday close $6.29

Wilshire Bancorp’s quarterly profit beat analysts expectations, as the lender continued to see a low level of credit losses, resulting in a further reduction in its allowance for loan losses from the elevated levels of last year.

** SWIFT TRANSPORTATION CO, Monday close $9.30

The trucking company posted lower quarterly profit as softness in the freight market hurt trucking revenue.

** ELI LILLY & CO, Monday close $52.28

Eli Lilly’s experimental once-weekly diabetes drug, dulaglutide, proved superior in late-stage clinical trials to three other widely used medicines that are dosed more frequently, the company said on Monday.

** VIRGIN MEDIA INC, Monday close $32.87

A high-profile advertising campaign by Olympic champions Mo Farah and Usain Bolt helped pay-TV group Virgin Media to sign up a record number of net new cable customers in its third quarter and boost its profitability.

** UNITED TECHNOLOGIES CORP, Monday close $77.83

The world’s largest maker of elevators and air conditioners reported a 3.3 percent decline in third-quarter earnings and cut its sales forecast for the year, citing weak demand from airlines and an uncertain economy. (Compiled by Ranjita Ganesan in Bangalore)

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