(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose modestly on Friday, after a better-than-expected reading on the housing market, as the S&P held just below its record intraday high. The Dow Jones industrial average was up 0.33 percent at 16,598.14, the S&P 500 was up 0.35 percent at 1,899.06 and the Nasdaq Composite was up 0.47 pct at 4,173.95.
** AEROPOSTALE INC, $3.41, -24.56 pct
The teen apparel retailer could raise doubts about continuing as a going concern as soon as next year, brokerage Morgan Stanley said a day after the teen apparel retailer reported its seventh straight quarterly decline in comparable sales.
** HEWLETT-PACKARD CO, $33.67, +5.95 pct
The information technology company’s shares rose on Friday after it said a day earlier that it would cut as many as 16,000 jobs.
At least four brokerages raised their price targets on the stock which was one of the most traded on the New York Stock Exchange.
** PTC THERAPEUTICS INC, $23.15, +51.11 pct
** PROSENA HOLDINGS, $7.854, +18.64 pct
** SAREPTA THERAPEUTICS, $34.3599, +5.56 pct
Shares in U.S. biotech company PTC Therapeutics more than doubled in premarket dealings on Friday after European regulators recommended a conditional marketing authorization for Translarna, its drug for Duchenne muscular dystrophy.
Senior columnist at TheStreet, Adam Feuerstein, said the positive approval of PTC Therapeutics’ drug for conditional marketing could prompt European approval for Prosena and Sarepta’s experimental drugs in treating Duchenne muscular dystrophy.
** PARSLEY ENERGY INC, $22.21, +20.05 pct
The oil and natural gas producer’s shares rose as much as 21.5 percent in their U.S. market debut, valuing the company at about $2.51 billion.
** GAMESTOP CORP, $39.11, +6.05 pct
The video game retailer reported a 7 percent rise in quarterly revenue, driven by growth in its mobile business and demand for new games consoles made by Sony Corp and Microsoft Corp.
** YOUKU TUDOU INC, $19, -6.86 pct
China’s biggest online video company reported lower-than-expected quarterly revenue on Thursday and also forecast current-quarter revenue below analysts’ average estimate.
“Long-form content is the main magnet attracting viewers ... Lack of long-form content offerings will likely reduce Youku’s commercial competitiveness to attract users and ad dollars,” Maxim Group analyst Echo He wrote in a note, cutting her price target on the stock to $16 from $18.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC , $133.43, +1.99 pct
** ALLERGAN INC, $166.53, +1.60 pct
When the Canadian drugmaker raises its offer for American peer Allergan next week as it has indicated it will, it needs to hit the range of $180 to $200 per share, according to a JPMorgan survey of investors.
** NORANDA ALUMINUM HOLDING CORP, $3.28, +8.61 pct
** ALCOA INC, $13.42, +1.44 pct
** CENTURY ALUMINUM CO, $13.8827, +3.99 pct
Chinese buying pushed LME aluminum through its 200-day moving average, triggering fresh buying. Aluminum was the strongest gainer on the LME on Friday, rising 1.3 percent to $1,819.50 a tonne.
** NOW INC, $32, +2.40 pct
Analysts at Stephens Inc began their coverage of the oil and gas distributor’s stock with an “overweight” rating, according to theflyonthewall.com.
** HERITAGE INSURANCE HOLDINGS INC, $11.63, +5.73 pct
Shares of the provider of personal residential insurance for homeowners in Florida rose as much as 7.7 percent in their market debut. The IPO raised $66 million from the sale of 6 million shares, priced at $11 per share.
** RTI INTERNATIONAL METALS INC, $26.67, +9.71 pct
Analysts at JPMorgan Securities upgraded the titanium product maker’s stock to “overweight” from “neutral”, citing higher demand for titanium mill products from the company’s primary customer, Airbus Group NV. The analysts also raised their price target on the stock to $34 from $32.
** PAPA MURPHY‘S HOLDINGS INC, $9.4596, +4.53 pct
The operator of the Take 'N' Bake pizza chain in the United States reported a 28 percent jump in first-quarter revenue, helped by a 3.3 percent rise in domestic comparable store sales. (link.reuters.com/xat59v)
** FRESH MARKET INC, $29.92, +4.25 pct
The specialty grocery retailer, on Thursday, reported better-than-expected first-quarter sales, helped by a 2.5 percent rise in comparable store sales.
** TIVO INC, $12.3, +3.10 pct
The digital video recorder maker said it expected a boost to subscriptions for its set-top boxes from the provider of on-demand internet streaming media Netflix’s deal with U.S. cable operators, after strong growth at European cable partners pushed up its quarterly revenue by 30 percent.
** D.R. HORTON INC, $23.15, +2.21 pct
** PULTEGROUP INC, $19.56, +1.77 pct
** LENNAR CORP, $40.19, +3.08 pct
** TOLL BROTHERS INC, $35.52, +1.66 pct
** KB HOME, $16.57, +2.16 pct
Shares of U.S. homebuilders were up on Friday, as sales of new U.S. single-family homes rose more than expected in April, according to data from the Commerce Department. Sales increased 6.4 percent to a seasonally adjusted annual rate of 433,000 units, ending two straight months of declines.
For a graphic on new U.S. home sales: link.reuters.com/qer34t
** ZUMIEZ INC, $28.84, +5.95 pct
The retailer of sports apparel and footwear, on Thursday, reported better-than-expected first-quarter results, helped by a 1.8 percent increase in comparable-store sales.
Brokerage D.A. Davidson raised its price target on the company’s stock to $32 from $31.
** OXIGENE INC, $2.68, -10.07 pct
The cancer drug maker said it reached an agreement with institutional investors, who will purchase about $16 million of Oxigene common shares in a direct offering, at $2.96 per share.
The company plans to use the proceeds from the offering for research and development.
** DRYSHIPS INC, $2.98, -2.61 pct
The dry bulk carrier posted a first-quarter loss, hurt by higher operating expenses. Excluding items, the company reported a loss of 4 cents per share. Analysts on average were expecting the company to break even, according to Thomson Reuters I/B/E/S. (r.reuters.com/fuv59v)
** ENDEAVOUR INTERNATIONAL CORP, $2.17, +4.33 pct
The oil and gas company’s stock continued to rise after the company said on Thursday that production had resumed at the West Rochelle W1 well.
The company also reported that its shareholders had elected all of its board’s director nominees.
** RUCKUS WIRELESS, $10.39, +6.02 pct
** GOOGLE INC, $559.9, +0.80 pct
Search giant Google Inc is working with the Wi-Fi equipment maker to build a large-scale Wi-Fi network, tech blog Gigaom reported on Thursday. (r.reuters.com/rut59v)
Google plans to offer Wi-Fi network hardware and software at a discount to small and medium-sized businesses, tech blog The Information reported on Wednesday, citing a confidential document it accessed and a person who was briefed on the project.
** FIREEYE INC, $33.0899, +2.48 pct
Barclays upgraded the network security software maker’s stock to “overweight” from “equal weight”.
“We believe the recent pullback among high valuation stocks has created a more compelling buying opportunity for long-term investors ... but (we are) taking a more conservative approach with our price target and lowering to $40 (from $50),” analyst Raimo Lenschow said in a note.
** MATADOR RESOURCES CO, $24.93, -4.74 pct
Analysts at Wunderlich Securities cut their price target on the oil and gas producer’s stock to $31 from $32, after the company said on Thursday that it commenced an underwritten public offering of 7.5 million shares of its common stock.
** CHINA SUNERGY CO LTD, $3.625, -5.35 pct
The solar company, on Thursday, filed for shelf offering of $45 million.
** 21VIANET GROUP INC, $25.2286, -6.28 pct
The China-based internet hosting and interconnectivity services provider, on Thursday, reported a lower-than-expected first-quarter adjusted profit, as its operating expenses more than tripled in the quarter. (Compiled by Ankit Ajmera in Bangalore; Editing by Simon Jennings)