April 19 (Reuters) - Some U.S. stocks to watch on Friday:
stocks were set to rise at the open on Friday, bouncing back a day after the S&P 500 index closed below its 50-day moving average for the first time this year. S&P 500 futures were up 0.4 percent. Dow Jones industrial average futures were up 0.28 percent, and Nasdaq 100 futures were up 0.38 percent.
** BOEING CO, Thursday close $86.12, down 0.5 pct premarket
The company said it would cut the production rate for the latest version of its Boeing 747 jumbo jets from 2 aircraft per month to 1.75 aircraft due to lower demand for large passenger and cargo planes. The first delivery of 747-8 aircraft at the new production rate is expected in early 2014, the company said, adding that the change was not expected to have a significant financial impact.
** IBM CORP, Thursday close $207.15, down 4.6 pct premarket
** HP Co, Thursday close $20.21, down 2.3 pct premarket
** EMC Corp, Thursday close $22.34, down 1.1 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 2.6 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.
** MCDONALD’S CORP, Thursday close $101.91, down 1.7 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.
** 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.
** APPLE, Thursday close $392.05, down 0.6 pct premarket
** AMAZON, Thursday close $260.01, up 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.
** HONEYWELL INTERNATIONAL INC, Thursday close $71.47, up 2 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 61.6 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 in a short 28-day study.
** KANSAS CITY SOUTHERN, Thursday close $103.37, up 1.3 pct premarket
The No. 4 U.S. railroad reported a 39 percent rise in quarterly profit, helped by strong automotive and intermodal shipments. First-quarter net income available to stockholders rose to $103.7 million, or 94 cents per share, from $74.9 million, or 68 cents a share, a year earlier.
** ISIS PHARMACEUTICALS INC, Thursday close $19.41, up 3 pct premarket
BMO Capital Markets analyst Jim Birchenough raised his price target on the drugmaker to $31 from $22, saying the company’s drug platform was under-estimated and greater value should be attached to Isis’s late stage opportunities.
** MANPOWERGROUP, Thursday close $51.51
The global staffing company reported a 41 percent fall in quarterly profit as its European business remained under pressure, particularly in France. However, the world’s No.3 staffing company forecast second-quarter earnings of 84 to 92 cents per share before one-time items, above the average analyst forecast of 77 cents.
** DELL INC, Thursday close $13.95, down 2.9 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 2.25 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 4 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.
** MICROSOFT CORP, Thursday close $28.79, up 2.9 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 4 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 3 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 1.4 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 2.7 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.
** B&G FOODS INC, Thursday close $28.11, up 5.8 pct premarket
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.
** CHIPOTLE MEXICAN GRILL INC, Thursday close $328.36, up 4.75 pct premarket
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.
** RENTECH NITROGEN PARTNERS LP, Thursday close $31.45, up 3.7 pct premarket
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.
** COBALT INTERNATIONAL ENERGY INC, Thursday close $26.57, down 3 pct premarket
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.
** INTUITIVE SURGICAL INC, Thursday close $493.37, down 3.3 pct premarket
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.
** J.C. PENNEY CO INC, Thursday close $15.16, up 1 pct premarket
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)