November 14, 2012 / 3:18 PM / 6 years ago

MARKET PULSE-Cisco, Abercrombie, Aeropostale, Facebook, Staples, AMD

Nov 14 (Reuters) - Some U.S. stocks to watch on Wednesday:

(For more market insights, including options activity, click on STXNEWS/US; for the day ahead newsletter,; for the Morning News Call newsletter,


U.S. stocks climbed on Wednesday, lifted by strong earnings from technology bellwether Cisco, but equities struggled to hold onto solid gains after a series of weak sessions. The Dow Jones industrial average was up 7.14 points, or 0.06 percent, at 12,763.32. The Standard & Poor’s 500 Index was up 2.90 points, or 0.21 percent, at 1,377.43. The Nasdaq Composite Index was up 13.32 points, or 0.46 percent, at 2,897.21.

** ABERCROMBIE & FITCH CO, $40.43, up 28 pct (0931 ET)

The teen clothing retailer posted higher quarterly profit on Wednesday as the company got help from lower cotton prices and improved demand in international markets, prompting the company to forecast yearly earnings above Wall Street’s estimates.

** AEROPOSTALE INC, $14.13, up 8 pct (0931 ET)

FBR Capital Markets analyst Anne Andreeva said strong results and better inventoy levels at peer Abercrombie & Fitch Co, which reported results earlier on Wednesday, bode well for the sector as a whole.

** FACEBOOK INC, $20.86, up 4.7 pct (0932 ET)

The social networking company faces a huge stock lock-up expiration on Wednesday as roughly 800 million shares become available for sale. More than 4.6 million shares had changed hands in trading before the bell by 0900 ET.

** CISCO SYSTEMS INC, $18.19, up 8 pct (0934 ET)

The networking equipment maker reported first quarter results that beat estimates but expects flat earnings and slower revenue growth for the current quarter.

However, Chief Executive John Chambers said: “We see signs of improvement in the U.S. in enterprise, service provider and commercial.”

** STAPLES INC, $11.76, up 4 pct (0936 ET)

The largest U.S. office supply chain, reported a slightly better than expected quarterly profit, as costs declined and sales in North America held up, although weakness in Europe and Australia hit overall revenue.

** ADVANCED MICRO DEVICES, $2.00, down 4 pct (0937 ET)

The chipmaker has hired JPMorgan Chase & Co to explore options, which could include a sale, as it struggles to find a role in an industry increasingly focused on mobile devices and away from traditional PCs, according to three sources familiar with the situation.

** WOODWARD INC, $34.72, up 8.3 pct (0937 ET)

The aerospace and defence supplier’s quarterly profit topped market expectations on Tuesday and the company forecast better-than-expected full-year 2013 results.

** ZYNGA INC $2.17, up 3.3 pct (0938 ET)

The troubled game publisher announced sweeping changes across its upper ranks on Tuesday, including the departure of chief financial officer, David Wehner, as it sought to revive its business and quell months of management turmoil.

** MOSAIC CO, $48.86, down 4 pct (0940 ET)

The fertilizer producer cut its forecast for phosphate and potash sales on Tuesday, citing uncertain supply contracts with China and India.

Brokerage Canaccord Genuity cut its rating on the stock to “hold” from “buy.”

** MAKO SURGICAL CORP, $13.94, up 5.4 percent (0941 ET)

The maker of surgical devices said it sold about 3 million shares of its common stock at $13.15 per share in an underwritten public offering.

The company plans to use proceeds from the offering for marketing, selling, general and administrative activities and research and development activities.

** ZAZA ENERGY CORP, $2.04, up 12 pct (0958 ET)

The oil and gas company said it has entered into an agreement to sell its French arm ZaZa Energy France SAS to a unit of Canada’s Vermilion Energy Inc for about $85.8 million to focus on its core Eaglebine and Eagle Ford plays in Texas, United States.

** GREENBRIER COS, $14.41, up 4 pct (1007 ET)

Activist investor Carl Icahn reported a 9.99 percent stake in the railcar maker, prompting talk he may revive a failed 2008 bid for the company and pushing its shares up 20 percent.

** IAMGOLD CORP , $12.55, down 15.5 pct (1007 ET)

The canadian gold miner’s adjusted net earnings, which the company said exclude items not indicative of underlying operating performance, were $60.2 million, or 16 cents per share, down from $112.4 million a year earlier. Revenue fell 10 percent to $386.8-million for the quarter.

** CAVIUM INC, $32.85, up 7 percent (1005 ET)

The company, which makes components used in telecom infrastructure, announced a partnership with Symmetricom Inc for synchronizing 3G and 4G networks. (Compiled by Tej Sapru in Bangalore)

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