April 19, 2013 / 12:32 PM / 5 years ago

MARKET PULSE-IBM, GE, Honeywell, Vertex, Schlumberger, gold stocks

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April 19 (Reuters) - Some U.S. stocks to watch on Friday:


Index futures rose, setting the market up for a bounce back a day after the S&P 500 closed below its 50-day moving average for the first time this year. S&P 500 futures were up 10 points. Dow Jones industrial average futures were up 77 points, and Nasdaq 100 futures were up 14 points.

** IBM CORP, Thursday close $207.15, down 4 pct premarket

** HP Co, Thursday close $20.21, down 1.5 pct premarket

** EMC Corp, Thursday close $22.34, down 0.9 pct premarket

IBM reported a rare quarterly earnings miss as it struggled with the depreciation of the Japanese yen and a failure to close a number of major deals, especially in Europe and the United States. The technology services company blamed a poor performance by its sales force for some of the shortfall.

Three brokerages cut their price targets on IBM shares and warned its weak earnings suggested results would also be disappointing at other hardware technology companies such as EMC, Dell Inc and HP.

Lenovo Group said on Friday it was in preliminary talks regarding a potential acquisition, following a media report that IBM was negotiating the sale of its x86 server hardware business to the Chinese computer maker.

** GENERAL ELECTRIC CO, Thursday close $22.67, down 1 pct premarket

The world’s biggest maker of jet engines and electric turbines reported a first-quarter profit in line with Wall Street’s expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal.

** HONEYWELL INTERNATIONAL INC, Thursday close $71.47, up 1.1 pct premarket

The diversified U.S. manufacturer reported a first-quarter profit above analysts’ expectations and raised the lower end of its full-year earnings forecast as margins improved. The company, which makes cockpit electronics and systems to manage the security of large buildings, now expects to earn at least $4.80 per share in 2013, above its prior forecast of at least $4.75. It maintained the top end of its forecast at $4.95.

** VERTEX PHARMACEUTICALS INC, Thursday close $52.87, up 57.4 pct premarket

The company said its experimental drug improved lung function in adults with cystic fibrosis in a mid-stage trial. The company said on Thursday favorable results were seen in patients who took the drug, known as VX-661, in combination with its already approved treatment for cystic fibrosis, Kalydeco (ivacaftor) in a short 28-day study.

** MCDONALD’S CORP, Thursday close $101.91, down 1 pct premarket

The fast-food chain reported a slight rise in first-quarter profit on Friday, but sales at established U.S. restaurants fell 1.2 percent in a tough environment.

** DELL INC, Thursday close $13.95, down 2.3 pct premarket

Blackstone Group LP has ended its pursuit of Dell, easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world’s No. 3 PC maker. New York-based Blackstone pulled out just a month after it launched a challenge to the billionaire’s attempt to take Dell private.

** SCHLUMBERGER LTD, Thursday close $71, up 1.7 pct premarket

The world’s largest oilfield services company reported a profit that topped analysts’ estimates for the sixth straight quarter, helped by robust drilling activity outside North America. The company, which reported a 7.6 percent rise in first-quarter revenue on Friday, said it continued to see strong and consistent growth in regions such as Saudi Arabia, Iraq, China and Australia but the outlook for North America was uncertain.

** BAKER HUGHES INC, Thursday close $44.60, up 2 pct premarket

The world’s third-largest oilfield services provider reported a higher-than-expected profit and forecast a modest increase in U.S. rig counts for 2013. The company said higher drilling activity in Canada and a strong pumping business boosted first-quarter margins.

** VIVUS Inc, Thursday close $12.09, up 6 pct premarket (0822 ET)

The drugmaker said 23,812 prescriptions of its diet pill, Qsymia, were shipped to patients in March.

** STATE STREET CORP, Thursday close $56.51, up 1.7 pct premarket

The No. 2 global custody bank reported an 8 percent increase in first-quarter profit as it made more money from servicing fees due to stronger global equity markets and higher volumes in forex trading.

** APPLE, Thursday close $392.05

** AMAZON, Thursday close $260.01, down 0.8 pct premarket

British media group Pearson’s Penguin unit has offered to scrap e-book deals with Apple that imposed price restrictions on Amazon and other retailers, EU antitrust regulators said on Friday.

** JOHNSON & JOHNSON, Thursday close $83.18

** ELAN CORP, Thursday close $11.89, down 1.5 pct after market

U.S. healthcare firm Johnson & Johnson cut its stake in Elan on Thursday in a move that clouds prospects for a $7.3 billion takeover bid for the Irish drugmaker. U.S. investment firm Royalty Pharma on Monday made an improved $12 per share bid for Elan, which has rejected its suitor’s overtures and wants to remain an independent company.

** MICROSOFT CORP, Thursday close $28.79, up 2.2 pct premarket

The world’s biggest software company reported an 18 percent climb in revenue and earnings well ahead of Wall Street expectations - a seemingly strong performance for a quarter with the worst decline in PC sales on record.

** GOOGLE INC, Thursday close $765.914, up 1.7 pct premarket

The world’s No.1 Internet search engine’s core Internet business grew net revenue 23 percent in the first quarter, softening the effect of a sharp decline in its Motorola mobile phone division. Consolidated revenue in the quarter was $13.97 billion, versus $10.65 billion a year earlier.

** KIMBERLY-CLARK CORP, Thursday close $101.36, up 2 pct premarket

The maker of Kleenex tissues and Huggies diapers reported a higher quarterly profit and raised its earnings forecast for the year on Friday as it saw strong growth in its international markets and cut costs.


** ANGLOGOLD ASHANTI LTD, Thursday close $17.96, up 3 pct premarket

** BARRICK GOLD CORP , Thursday close $17.98, up 3 pct premarket

** FIRST MAJESTIC SILVER INC, Thursday close $11.43, up 2 pct premarket

** KINROSS GOLD CORP, Thursday close $5.28, up 4 pct premarket

** RANDGOLD RESOURCES LTD, Thursday close $70.27, up 1 pct premarket

** NEWMONT MINING CORP, Thursday close $32.77, up 1.4 pct premarket

** RANDGOLD RESOURCES LTD, Thursday close $70.27, up 3.8 pct premarket

Gold rebounded above $1,400 an ounce on Friday as strong buying of coins and bars continued, primarily in Asia, but prices were still on course for a fourth week of losses after a brutal sell-off. Gold rose 1.5 percent to $1,412.56 by 1032 GMT. The metal hit a two-year low of $1,321.35 on Tuesday and was still set for a weekly loss of 4.5 percent.

** FREEPORT-MCMORAN COPPER & GOLD INC, Thursday close $28.05, up 1.7 pct premarket

The company sought to shore up shareholder support for its foray into the U.S. energy sector on Thursday by highlighting the benefit of diversifying into oil and gas at a time when metal prices are softening.

** AIR METHODS CORP, Thursday close $45.90, down 17 pct premarket

The air medical transportation company said it expects to record a first quarter loss between 14 and 16 cents per share, citing a decrease in privately insured patients who sought air ambulance services. Air Methods said an increase in cancellations due to adverse weather conditions also hurt its quarterly results.

** ALIGN TECHNOLOGY INC, Thursday close $30.13, down 7 pct premarket

The dental products maker reported a better-than-expected quarterly profit, but forecast second-quarter results below analysts’ estimates.

** CAPITAL ONE FINANCIAL CORP, Thursday close $52.79, up 1.3 pct premarket

Capital One, one of the large U.S. credit card issuers, reported first-quarter profit which beat analysts’ expectations as net interest income jumped 34 percent, and the company said it would buy back shares after closing the sale of its credit card accounts linked to electronics retailer Best Buy Co Inc .

** PRGX GLOBAL INC, Thursday close $6.23, down 18 pct after market

The business analytics and information services provider estimated a first-quarter loss against analysts’ expectations of a profit on Thursday, as clients delayed large claims due to changes in Medicare processing systems.

** E*TRADE FINANCIAL CORP, Thursday close $9.54, up 3.8 pct after market

The company on Thursday reported progress in fixing its loss-plagued bank lending businesses and strengthening its core discount brokerage business.

** B&G Foods Inc, Thursday close $28.11, up 4 pct after market

The food and household goods manufacturer reported stronger-than-expected quarterly sales, helped by its New York Style and Old London acquisition in October last year. B&G reported first-quarter sales of $171.2 million, beating the average analyst estimate of $170.3 million, according to Thomson Reuters I/B/E/S.

** INSIGHT ENTERPRISES INC, Thursday close $18.53, down 7 pct after market

The IT service provider estimated first-quarter adjusted profit well below analysts’ estimates on weak sales in North America and a drop in gross margin of about 190 basis points from the EMEA region.

** RENTECH NITROGEN PARTNERS LP, Thursday close $31.45, up 4 pct after market

The nitrogen fertilizer producer said it completed offering of shares worth $320 million and would use the proceeds to raise cash for distribution to shareholders in 2014. The company would also use the proceeds to fund its expansion and maintenance projects.

** RESTORATION HARDWARE INC, Thursday close $32.75, up 10 pct after market

The upscale furniture retailer forecast for a strong current quarter after reporting fourth-quarter results that topped Wall Street’s expectations, helped by a 26 percent increase in same-store sales.

Brokerage Piper Jaffray raised its price target on the stock to $45 from $41, citing the results and outlook.

** COBALT INTERNATIONAL ENERGY INC, Thursday close $26.57, down 6.8 percent after market

The oil explorer said its drill stem test of a well in Block 21, offshore Angola, did not produce measurable hydrocarbons. Drill stem test determines the pressure and productive capacity of a well.

** CHIPOTLE MEXICAN GRILL INC, Thursday close $328.36, up 4.5 pct after market

The popular burrito chain reported a big jump in quarterly profit on Thursday and said federal investigators have expanded their probe into the company’s compliance with U.S. immigration laws.

** INTUITIVE SURGICAL INC, Thursday close $493.37, down 3 pct after market

The maker of surgical robots on Thursday narrowed its 2013 forecasts for growth of revenue and procedures using its da Vinci surgical robots rather than raising them as it often does when reporting quarterly results.

** ENDO HEALTH SOLUTIONS INC, Thursday close $35.75, up 1 pct after market

An advisory panel to the U.S. Food and Drug Administration was sharply divided on Thursday over whether a drug made by Endo can safely be prescribed for men with low testosterone. A panel of outside medical experts split 9-9, with some members saying the drug, Aveed, offers a valuable alternative to existing products, especially since it is already sold under the brand name Nebido outside the United States.

** J.C. PENNEY CO INC, Thursday close $15.16, up 0.5 pct after market

The store operator was speaking with Wells Fargo & Co and others, including parties that invest in troubled companies, about a new loan to help it buttress its cash reserves, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (Compiled by Pallavi Ail in Bangalore,; Editing by Joyjeet Das)

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