November 5, 2013 / 2:29 PM / 5 years ago

MARKET PULSE-GT Advanced, Cytori, Endo Health, Immunogen, AOL

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; the Morning Call newsletter, U.S. stock index futures dipped on Tuesday ahead of data on the services sector, putting the S&P 500 on track to halt a two-day winning streak. S&P 500 futures were down 4.5 points, Dow Jones industrial average futures were down 47 points and Nasdaq 100 futures were down 9.25 points.

** GT ADVANCED TECHNOLOGIES INC, Monday close $8.38, up 24 pct premarket

** RUBICON TECHNOLOGY, Monday close $8.82, up 7 pct premarket

Apple Inc will open a manufacturing facility in Arizona in partnership with mineral crystal specialist GT Advanced Technologies to make sapphire materials for Apple’s popular electronics devices.

Sapphire materials company Rubicon rose on news of the deal as it could benefit from higher demand in the industry.

** CYTORI THERAPEUTICS INC, Monday close $2.09, up 51 pct premarket

The medical device maker said on Monday it would receive up to $531 million from Chinese company Lorem Vascular as license fee for its stem cell therapy that removes fat cells from a patient’s body. These cells, which are then injected into the affected area, increase blood profusion and heal the wound. Lorem will market the therapy in Asia-Pacific.

** ENDO HEALTH SOLUTIONS INC, Monday close $43.64, up 20.3 pct premarket

The U.S.-based specialty pharmaceutical company said it would buy Canadian peer Paladin Labs Inc for about $1.6 billion to expand its presence in Canada and emerging markets.

** BROADSOFT INC, Monday close $33.14, down 18.5 pct premarket

The internet communications company forecast fourth-quarter results below expectations, citing concerns about the short-term service provider spending. It also reported a third-quarter loss, compared with a profit a year earlier, as operating expenses rose.

** KERYX BIOPHARMACEUTICALS INC, Monday close $11.10, up 17.8 pct premarket

The company said its sole drug in development, Zerenex, proved to be effective in treating patients with chronic kidney disease who were not on dialysis.

** IMMUNOGEN INC, Monday close $16.55, down 14.7 pct premarket

The biotechnology company said it will discontinue a mid-stage trial testing its lung cancer drug, following the recommendation of an independent data monitoring committee.

** POLYPORE INTERNATIONAL INC, Monday close $43.90, down 13.4 pct after market

The maker of specialized microporous membranes reported third-quarter results below analysts estimates late on Monday as consumer electronics orders remained weak and electric drive vehicles volumes declined.

At least three brokerages - Wedbush Securities Inc, Stifel Nicolaus and D.A.Davidson & Co - cut their price targets on the company’s stock.

** LEAPFROG ENTERPRISES INC, Monday close $8.67, down 10 pct premarket

The toy company cut its full-year sales forecast as rising competition hurt demand for its LeapPad tablets. The company also said it “sees a weak retail climate and growing concern surrounding this holiday season, especially in the U.S.”

** MCDERMOTT INTERNATIONAL INC, Monday close $7.42, down 9 pct premarket

The engineering and construction firm reported a wider-than-expected quarterly loss on Monday due to lower revenue from two projects in Australia and increased cost estimates on a project in Malaysia.

** CORINTHIAN COLLEGES INC, Monday close $2.16, up 4.6 pct premarket

The post-secondary education company forecast second-quarter and full-year 2014 earnings above analysts’ average estimates. The company expects second-quarter profit to be 2 cents to 4 cents per share and full-year diluted earnings to be 10 cents to 15 cents per share. Analysts on average expected second-quarter earnings of 2 cents per share and full-year earnings of 8 cents per share, according to Thomson Reuters I/B/E/S.

** SUNEDISON INC, Monday close $10.25, up 6.3 pct premarket

Analysts at Piper Jaffray raised their rating on the solar company to “overweight” from “neutral”, citing robust solar demand. Sunedison will benefit from worldwide demand for solar as its pipeline is diversified globally, the analysts said.

** REGENERON PHARMACEUTICALS INC, Monday close $281.70, up 5 pct premarket

The company reported better-than-expected quarterly results after net U.S. sales of its eye drug Eylea jumped 49 percent to $363 million in the third quarter.

** AOL INC, Monday close $38.72, up 4 pct premarket

The online media group reported a 6 percent rise in third-quarter revenue, helped by a rise in advertising sales.

** T-MOBILE US INC, Monday close $28.34, up 4 pct premarket

The No. 4 U.S. mobile provider reported subscriber growth that handily beat Wall Street expectations and raised its growth target for the full year, in a sign that its recent strategy changes are working. [ID: nL2N0IQ0L4]

** HERTZ GLOBAL HOLDINGS INC, Monday close $23.8, up 3 pct premarket

The company’s quarterly adjusted profit beat analysts’ estimates, helped by higher off-airport car rentals and strong performance of Dollar Thrifty, which it bought last year. Hertz reaffirmed its reduced full-year forecast, however the car rental company said it is seeing an improvement in U.S. airport rentals in its Hertz brand, after the conclusion of the U.S. government shutdown in mid-October.

** QUICKSILVER RESOURCES INC, Monday close $2.14, up 3 pct premarket

Italian oil and gas group Eni said it had reached an agreement with Quicksilver to explore and develop onshore shale oil reservoirs in the United States. Eni said it would pay up to $52 million to take a 50 percent stake in Quicksilver acreage in the Leon Valley area in West Texas.

** NEWFIELD EXPLORATION CO, Monday close $31.02, up 2.2 pct after market

The oil and gas company reported a third-quarter profit on Monday, compared with a year-ago loss, as domestic natural gas liquids production went up. The company also raised its production outlook for 2103.

** ENCANA CORP, Monday close $17.85, up 2 pct premarket

Canada’s largest natural gas producer will cut about 20 percent of its workforce, slash its dividend and invest nearly three-quarters of its 2014 capital spending budget in more lucrative oil and liquid gas assets.

** TRINA SOLAR LTD, Monday close $16.77, up 5 pct premarket

** CANADIAN SOLAR INC, Monday close $29.22, up 2 pct premarket

** JA SOLAR HOLDINGS CO LTD, Monday close $11, up 3 pct premarket

** JINKOSOLAR HOLDING CO LTD, Monday close $26.52, up 2 pct premarket

Trina Solar raised its outlook for solar panel shipments to 750-780 megawatt (MW) from 650-680 MW. The Chinese solar panel maker also said it expects overall gross margin of 14.5-15.5 percent, compared with its prior outlook of margins in low double digits.

** REAL GOODS SOLAR INC, Monday close $3.85, up 3.9 pct premarket

The solar company said it has been selected to build a 425- kilowatt solar power plant at a bus facility in Hayward, California.

** COGNIZANT TECHNOLOGY SOLUTIONS CORP, Monday close $86.85, up 4.2 pct premarket

The IT services firm reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on consulting.

** MICHAEL KORS HOLDINGS LTD, Monday close $74.78, up 3.7 pct premarket

The company reported a better-than- expected 40 percent jump in quarterly revenue, driven by strong demand for its trendy handbags and watches.

** MINDRAY MEDICAL INTERNATIONAL LTD, Monday close $37.11, down 2 pct after market

The medical device maker reported third-quarter revenue that fell short of analysts’ estimates on Monday and said weak market sentiment in China’s healthcare sector delayed some purchases. The company also announced it plans to buy back up to $200 million of its common shares effective Monday.

** WELLCARE HEALTH PLANS INC, Monday close $66.22, down 5 pct after market

The health insurer said it began an offering of about $600 million of senior notes due 2020. The company intends to use the proceeds to repay existing senior credit.

** FOREST OIL CORP, Monday close $5.02, down 4 pct after market

The company reporter lower-than-expected results on Monday as its oil and natural gas liquids production volumes fell short of analysts’ expectations. The company also said it expects fourth-quarter output to dip 2 to 4 percent from the third quarter.

** CORNERSTONE ONDEMAND INC, Monday close $46.16, up 4.5 pct after market

The HR software maker said third-quarter revenue rose 50 percent, helped by strength in its North American and EMEA (Europe, Middle-East and Africa) business.

** SHIRE PLC, Monday close $134.98

The pharmaceutical group said Vyvanse, its amphetamine-based drug prescribed to U.S. students to control ADHD, had also been successful in treating the newly recognised binge eating disorder (BED) in a trial.

** TENET HEALTHCARE CORP, Monday close $48.26, down 6 pct premarket

The company said its third-quarter net income slid from a year earlier due to costs related to its acquisition of smaller hospital chain Vanguard Health Systems Inc. Tenet completed the acquisition of Vanguard for about $1.8 billion on Oct. 1 to expand into new markets and position itself to benefit from an increase in patients who have health insurance under President Barack Obama’s healthcare reform.

** DRYSHIPS INC, Monday close $3.23, up 3 pct premarket

** OCEAN RIG UDW INC, Monday close $18.05, up 8 pct after market

DryShips’ drilling unit, Ocean Rig, is in the early stages of creating a new master limited partnership (MLP) with a targeted initial public offering during the second quarter of 2014.

Analysts say the formation of an MLP would be a positive, given DryShips’s 59 percent stake in Ocean Rig and the corresponding increase in cash flow from MLP distributions.

** NYSE EURONEXT, Monday close $44.18

The New York Stock Exchange parent reported a 21 percent rise in third-quarter net income as revenues at its cash trading and listings business increased.

** INTERCONTINENTALEXCHANGE INC, Monday close $193.84, up 1 pct premarket

The derivatives exchange and clearing house operator, InterContinentalExchange reported a better-than-expected 8 percent rise in third-quarter profit, helped by higher market data revenue. The exchange, which is awaiting final approval for its over $10 billion purchase of NYSE Euronext, also declared an aggregate quarterly cash dividend of $75 million for the fourth quarter, subject to the completion of the deal.

** OPEN TEXT CORP, Monday close $74.38, up 7 pct premarket

The Canadian business software maker said it would buy privately held cloud computing company GXS Group Inc for $1.17 billion.

** CVS CAREMARK CORP, Monday close $61.98, up 2 pct premarket

The company posted a higher-than-expected quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions from new clients.

** MOSAIC CO, Monday close $46.73, down 2.2 pct premarket

The U.S. fertilizer company reported sharply lower third-quarter earnings on Tuesday as prices of its potash and phosphate fell and buyers took a cautious stance, and the U.S. fertilizer company said prices may remain weak into 2014.

** AGRIUM INC, Monday close $88.61

The Canadian fertilizer company will report results for a quarter that was rough on crop nutrient sales for the industry due to a shakeup in global potash trading after the breakup of Belarusian Potash Company.

** TWENTY-FIRST CENTURY FOX INC, Monday close $34.15

Rupert Murdoch’s company is expected to shed more light on the performance of the newly separated film and TV company when it reports quarterly results. (Compiled by; Editing by)

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