March 21, 2014 / 12:34 PM / 4 years ago

MARKET PULSE-Amazon, Ann, bank stocks, Media General, Symantec

(For more market insights, including options activity, click on ; for the Day Ahead newsletter U.S. stock index futures edged higher on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued. Dow Jones industrial average futures were unchanged at 0, S&P 500 futures were up 0.21 percent at 1,870.1 and Nasdaq 100 futures were up 0.26 percent at 3,701.

** BANK OF AMERICA CORP, Thursday close $17.92, +0.11 pct premarket

** JPMORGAN CHASE & CO, Thursday close $60.11, +0.00 pct premarket

** GOLDMAN SACHS GROUP INC, Thursday close $169.22, +0.46 pct premarket

** CITIGROUP INC, Thursday close $50.22, +0.52 pct premarket

** WELLS FARGO & CO, Thursday close $49.03, +0.63 pct premarket

** MORGAN STANLEY, Thursday close $32.79, +0.64 pct premarket

** ZIONS BANCORP, Thursday close $32.99, -1.33 pct premarket

Big banks in the United States, except Zions, have enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday.

Zions failed the test with a tier-1 capital ratio of 3.5 percent, below the 5 percent minimum requirement.

** AMAZON.COM INC, Thursday close $368.97, +0.33 pct premarket

The U.S. e-commerce giant’s China unit will strengthen regulation of its online sales channels and has closed down a third-party store, the online retailer said on Thursday, after state media criticised Amazon and smaller local rival Dangdang for selling fake cosmetics.

** MEDIA GENERAL INC, Thursday close $17.34, +13.26 pct premarket

** LIN MEDIA LLC, Thursday close $21.49, +31.46 pct premarket

Media General said it would buy Lin Media for $1.6 billion to create what it described as the second-largest pure-play TV broadcaster in the United States.

** JOHNSON & JOHNSON, Thursday close $94.12, +0.08 pct premarket

The health care products company on Thursday won a reversal by the Arkansas Supreme Court of a $1.2 billion judgment imposed after a jury concluded that the drugmaker improperly marketed its anti-psychotic drug Risperdal and concealed its risks.

** MICROSOFT CORP, Thursday close $40.33, +0.55 pct premarket

** SEAGATE TECHNOLOGY PLC, Thursday close $53.1, +1.68 pct premarket

Microsoft said on Thursday Steve Luczo stepped down from its board of directors so he can focus on his job as chief executive of digital storage company Seagate Technology.

** TIFFANY & CO, Thursday close $91.17, -3.04 pct premarket

The upscale New York-based jeweler on Friday gave a profit forecast that was below estimates despite its projection that net worldwide sales would rise by a high-single digit percentage this year.

** DARDEN RESTAURANTS INC, Thursday close $49.3, -2.62 pct premarket

The owner of the Olive Garden and LongHorn Steakhouse chains reiterated plans to divest its struggling Red Lobster chain and reported third-quarter results in line with analysts’ lowered expectations. It said on March 3 that severe winter weather hurt sales and profit.

** UNWIRED PLANET INC, Thursday close $1.3, +61.54 pct premarket

The intellectual property and technology licensing company said it sold a portfolio of patents to Chinese technology company Lenovo Group Ltd for $100 million in cash, sending its shares up 73 percent in trading after the bell.

** PACIFIC COAST OIL TRUST, Thursday close $13.26, -100.00 pct premarket

Brokerage firm Barclays Capital cut its price target on the oil and gas producer’s stock to $17 from $19, but said it expects the company to benefit from rise in oil prices and maintained an “overweight” rating.

** PBF ENERGY INC, Thursday close $27.16, -4.46 pct premarket

The refiner announced on Thursday a secondary offering of 15 million Class A common stock by funds affiliated with First Reserve Management LP. The selling stockholders will receive all the proceeds.

** SYMANTEC CORP, Thursday close $20.905, -10.12 pct premarket

The antivirus and security software provider fired Chief Executive Steve Bennett on Thursday, the second time the company has sacked its top executive in less than two years as it struggles to revive growth amid eroding PC sales.

** NIKE INC, Thursday close $79.27, -3.61 pct premarket

The athletic footwear and apparel maker on Thursday warned Wall Street that growing pressures from weaker currencies in key emerging markets would take a big toll on its profit in the current quarter and into the next fiscal year.

** COMMSCOPE HOLDING COMPANY INC, Thursday close $22.13, up 3 pct after market

The telecommunications equipment maker on Thursday raised its revenue and earnings forecast for the first quarter, citing strength in its wireless business as telecom companies spend more to improve their network coverage and capacity.

CommScope forecast adjusted earning of 43-47 cents per share on revenue of between $900 and $925 million. Analysts on average were expecting earnings of 38 cents on revenue of $876.1 million, according to Thomson Reuters I/B/E/S.

** WELLPOINT INC, Thursday close $99.71, +0.29 pct premarket

Health insurer raised its earnings forecast for 2014, saying it expected to add 1 million-1.3 million members by the end of the year.

** RALLY SOFTWARE DEVELOPMENT CORP, Thursday close $18.05, down 4 pct after market

The cloud-based software development services provider reported a loss of $4.7 million, or 19 cents per share, for the fourth quarter, wider than $3.7 million, or $1.68 cents per share, a year earlier.

** WESTERN ASSET MORTGAGE CAPITAL CORP, Thursday close $16.74, -1.49 pct premarket

The mortgage real estate investment trust declared a lower cash dividend for the first quarter of 2014. The company declared a cash dividend of 67 cents per share compared with 91 cents for the fourth quarter ended Dec. 31.

** SILVER WHEATON CORP, Thursday close $25.14, +1.43 pct premarket

The Canadian silver producer reported a 47 percent fall in quarterly profit, hurt by a decline in metal prices, but forecast slightly higher production for the current year.

** ANN INC, Thursday close $37.23, +7.71 pct premarket

Private equity firm Golden Gate Capital disclosed a 9.5 percent stake in women’s apparel retailer and said it believed the company’s stock was significantly undervalued.

** NETFLIX INC, Thursday close $424.27, +0.38 pct premarket

** COMCAST CORP, Thursday close $50.605

Netflix Chief Executive Reed Hastings on Thursday said internet service providers should give content companies adequate network connections for free, and singled out Comcast Corp for supporting “weak” web traffic rules.

** BIOGEN IDEC INC, Thursday close $347.04

The biotechnology company said on Friday it had won Canadian approval for its long-lasting hemophilia B drug Alprolix.

** AAR Corp, Thursday close $30.92

The aerospace parts and systems maker reported lower-than-expected third-quarter results, hurt by a fall in sales of its larger aviation services business.

** TIME WARNER CABLE, Thursday close $138.51, -1.44 pct premarket

The video, high-speed data and voice services provider’s Chief Executive Rob Marcus stands to make about $80 million if Comcast’s deal to buy Time Warner Cable closes, according to a regulatory filing on Thursday. (Reporting by Shubhankar Chakravorty in Bangalore; Editing by Joyjeet Das)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below