May 10, 2012 / 5:09 PM / in 6 years

MARKET PULSE-US stocks to watch: Avon, Cisco, AMC, Mylan

May 10 (Reuters) - Some U.S. stocks to watch on Thursday:

AVON PRODUCTS INC, $20.97, down 3 pct

Coty Inc raised its bid for the company, with the backing of Warren Buffett’s Berkshire Hathaway, and the beauty products company gave Avon until the close of business May 14 to start talking or the offer would be withdrawn.

MICRON TECHNOLOGY, $6.24, down 2 pct

The company is in talks to acquire Elpida Memory Inc’s business, the companies said on Thursday, as the Japanese chipmaker tries to restructure after tough market conditions and stiff global competition drove it into bankruptcy protection.

HUMAN GENOME SCIENCES, $14.45, down 1 pct

GlaxoSmithKline launched its promised $2.6 billion tender for shares in its long-time partner on Thursday, setting out an initial timetable of just under a month to win control.

AMC NETWORKS INC, $40.77, up 3 pct

The cable network’s quarterly profit handily beat estimates as strong viewership for television shows like “The Walking Dead” and “Mad Men” boosted advertiser demand.

MYLAN INC, $21.07, up 2 pct

The generic drugmaker, which reported higher-than-expected earnings last month, raised its full-year profit outlook, saying it expects 2012 to be the best year in the company’s history.

CISCO SYSTEMS, $16.99, down 10 pct

Shares of the network equipment maker fell after it forecast weaker-than-expected quarterly results on growing worries about the European economy and enterprise IT spending.

KOHL’S CORP, $49.41, down 3 pct

The mid-tier department store chain reported a 23 percent drop in first-quarter profit as its gross margin was hit by price cuts designed to lure back shoppers.


The company said Thursday it will sell a 65 percent stake in its third-party logistics division to Platinum Equity for $750 million, to focus on its core businesses.

YAHOO INC, $15.45, up 1 pct

The Internet company’s largest outside shareholder said it should make its finance chief or head of media the interim chief executive because of the controversy surrounding CEO Scott Thompson’s educational background.

TESLA MOTORS INC, $33.78, up 12 pct

The electric carmaker will start delivering its Model S sedan to customers next month, slightly earlier than it had previously projected and a sign of progress for Tesla’s most crucial launch yet.

AMAG PHARMACEUTICALS INC, $13.87, down 13 pct

The company’s shares fell after the anemia drugmaker said it was not actively looking for a buyer, dousing hopes of a possible takeover of the single-product company.

CANADIAN SOLAR INC, $3.38, up 5 pct

The solar products maker may follow bigger rivals First Solar Inc and LDK Solar Co Ltd in cutting jobs to lower costs to offset a sharp fall in selling prices.

PSS WORLD MEDICAL INC, $22.20, down 5 pct

The company said it plans to sell two business units serving skilled nursing facilities and specialty dental practices to focus on its fastest growing segments.


The maker of servers and high-end computers cut its full-year sales outlook as revenue from a big deal was pushed into the next year and demand fell ahead of a product launch.

INFOSPACE INC, $13.64, up 24 pct

The company, which operates online search services, posted a higher quarterly profit, helped by growth in its search business and its entry into the tax preparation segment.

MONSTER BEVERAGE CORP, $74.36, up 14 pct

The company’s first-quarter results trumped Wall Street expectations as higher demand for its energy drinks boosted margins.


The emission control systems maker posted a bigger-than-expected quarterly loss, hurt by a sharp fall in gross margins.

WINDSTREAM CORP, $10.02, down 11 pct

The telephone company posted lower-than-expected quarterly results, hurt by a fall in revenue from its consumer and wholesale segments. (Compiled by Sagarika Jaisinghani in Bangalore)

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