October 25, 2012 / 11:38 AM / 6 years ago

MARKET PULSE-Apple, Zynga, Best Buy, Sprint, F5, Akamai, Crocs

Oct 25 (Reuters) - Some U.S. stocks to watch on Thursday:

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


Index futures rose, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism China’s economy may be recovering and ahead of a flurry of economic data and corporate earnings.

** APPLE INC, Wednesday close $616.83, up 0.3 pct premarket

Amid the fanfare accompanying the noisy launch of the iPad mini this week, Apple also took the wraps off new Mac computers on Wednesday.

** LOCKHEED MARTIN CORP, Wednesday close $93.92

The head of the company said scheduled across-the-board cuts to the United States defense budget wouldn't hit existing business before March, though there has been no official word from the Pentagon that they will be avoided, reported the Wall Street Journal. link.reuters.com/guw53t

** ZYNGA INC, Wednesday close $2.12, up 15.5 pct premarket

The “FarmVille” creator raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street’s rock-bottom expectations.

** BEST BUY CO INC, Wednesday close $16.92, down 5 pct premarket

The retailer warned that earnings and same-store sales would fall for its third quarter, and said the head of its U.S. business will leave as the world’s largest consumer electronics chain starts to restructure under a new CEO.

** SYMANTEC CORP, Wednesday close $17.38, up 10.4 pct premarket

Symantec reported results ahead of Wall Street expectations as its new chief executive took direct control its sales force as part of an effort to turn around the maker of security software.

** SPRINT NEXTEL CORP, Wednesday close $5.62, up 0.7 pct premarket

The company posted a wider loss in the third quarter as it spent heavily on a network upgrade and lost customers from its iDen network, which it is shutting down.

** RYLAND GROUP INC, Wednesday close $32.79, up 3.3 pct premarket The home builder reported better-than-expected third quarter results, helped by a jump in homebuilding revenue as new orders rose more than 55 percent during the period. [ID: nASA0507P ]

** SUPERVALU INC, Wednesday close $2.92, up 2.7 pct premarket

Buyout firm Cerberus Capital Management is preparing a takeover bid for the third-largest U.S. supermarket chain with an eye toward divesting the troubled company’s assets to several parties only interested in pieces, according to people familiar with the matter.

** F5 NETWORKS INC, Wednesday close $93.32, down 11 pct premarket

The network gear maker forecast a weak first-quarter as its large U.S. enterprise and telecoms customers reduced spending.

** AKAMAI TECHNOLOGIES INC, Wednesday close $36.11, up 8.5 pct premarket

The company’s third-quarter results topped estimates and the Internet content delivery company said it expects increased online activity during the holiday season to boost its revenue.

** CLIFFS NATURAL RESOURCES INC, Wednesday close $42.69, down 5.6 pct premarket

The largest North American producer of iron ore pellets used in steelmaking, posted an 85 percent drop in profit on lower iron ore prices and higher costs. nL3E8LO7X1

** CROCS INC, Wednesday close $16.19, down 12 pct premarket

The shoemaker said weakness in Europe hurt its third-quarter revenue, and forecast fourth-quarter results below analysts’ expectations.

** DUNKIN’ BRANDS GROUP INC, Wednesday close $30.81, up 1.2 pct premarket

Dunkin’ Brands’ profit quadrupled, topping Wall Street estimates, but revenue fell short of forecasts as sales cooled at established U.S. Dunkin’ Donuts cafes.

** PULTEGROUP INC, Wednesday close $17.45, up 0.4 pct premarket

The second-largest U.S. homebuilder posted a quarterly profit and a sharp rise in new orders as the company benefited from a rebound in housing demand.

** TIMKEN CO, Wednesday close $36.61, down 0.7 pct premarket

The bearings maker posted a lower quarterly profit and cut its full-year sales forecast, citing weak demand and a fragile global economy.

** BUNGE LTD, Wednesday close $68.62, down 0.2 pct premarket

The agribusiness firm’s quarterly profit more than doubled, boosted by 15 percent growth in volumes.

** ANGIE’S LIST INC, Wednesday close $9.09, up 13 pct post-market The company, which provides consumer reviews of local professionals and businesses, posted higher third-quarter earnings that beat analysts’ expectations and forecast current-quarter revenue inline with expectations.

** EVERCORE PARTNERS INC, Wednesday close $25.64

The company’s third quarter profit beat Wall Street estimates as the boutique investment bank closed more deals despite a weak M&A market and saw lower compensation related expenses.

** ST. JUDE MEDICAL INC, Wednesday close $39.71

The medical device maker said it received a Form 483 notice from the U.S. Food and Drug Administration about its manufacturing plant in Sylmar, California, where it makes cardiac rhythm management products.

** HESS CORP, Wednesday close $52.53

The company said it agreed to sell its interest in the Beryl area fields in the North Sea and the Scottish Area Gas Evacuation System to Royal Dutch Shell for $525 million.

** AETNA INC, Wednesday close $43.95

The third-largest U.S. health insurer reported a higher quarterly profit that beat expectations, saying it had reached its 2012 goal of 18.2 million members ahead of schedule and kept costs down.

** NEXEN INC , Wednesday close $23.76

Canadian oil and gas producer said it still expects a $15.1 billion takeover bid by China’s CNOOC Ltd to close in the current quarter.

** GENERAL MOTORS CO, Wednesday close $23.69

General Motors plans to have talks to buy a stake in its South Korean unit from the unit’s second-biggest shareholder, Korea Development Bank(KDB), the head of GM Korea said on Thursday.

** CARLYLE GROUP LP, Wednesday close $25.73

The U.S. private-equity firm has signed its first ever investment in Southeast Asia, with a deal to buy a stake of around 25 percent in a publicly traded Indonesian telecom towers operator for about $100 million, sources with knowledge of the deal said.

** MEDTRONIC INC, Wednesday close $41.69

The medical device maker edited health journal articles and paid physicians for company-sponsored studies of its Infuse bone graft product used in spinal surgery, a U.S. Senate Committee alleged in a report published on Thursday.

** ASM INTERNATIONAL N.V. , Wednesday close $32.20

The Dutch chip equipment maker reported a 94 percent fall in profit for the third quarter, weighed down by a 79 percent fall in operating profit.

** MORNINGSTAR INC, Wednesday close $62.54

The company’s third-quarter profit rose 27 percent as the investment research firm kept a lid on operating costs, mainly by setting aside less money for bonuses.


The company, whose brands include Sheraton and Westin, reported a higher quarterly profit, and the company raised its full-year earnings forecast. (Compiled by Ranjita Ganesan in Bangalore)

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