Nov 20 (Reuters) - Some U.S. stocks on the move on Tuesday:
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U.S. stocks opened lower on Tuesday as a credit downgrade of France by ratings agency Moody’s and weak earnings by Hewlett-Packard HPQ.N halted a two-day rally.
The Dow Jones industrial average fell 55.05 points, or 0.43 percent, to 12,740.91. The Standard & Poor’s 500 Index lost 4.21 points, or 0.30 percent, to 1,382.68. The Nasdaq Composite Index gave up 6.28 points, or 0.22 percent, at 2,909.79.
** HEWLETT-PACKARD CO, $11.70, down 12 pct (0940 ET)
** DELL INC, $9.00, down 1.7 pct (0940 ET)
Hewlett-Packard said on Tuesday it took an $8.8 billion charge related to its acquisition of software firm Autonomy, citing “serious accounting improprieties,” as it swung to a fourth-quarter loss.
** GROUPON INC $3.42, up 10 pct (0941 ET)
Tiger Global Management, a technology-focused hedge fund run by Chase Coleman and Feroz Dewan, disclosed a big stake in the company on Monday, a vote of confidence for the struggling daily deal website.
** KRISPY KREME DOUGHNUTS INC, $8.38, up 11 pct (0941 ET)
The doughnut retailer reported better-than-expected third-quarter profit on Monday, helped by higher sales of its doughnuts and beverages in the United States and international markets, and raised its full-year adjusted earnings forecast.
** STURM RUGER & CO INC, $50.59, up 3.6 pct (0942 ET)
The firearms maker declared a special dividend of $4.50 per share which will be paid to shareholders on Dec 21, 2012.
** ATLAS RESOURCE PARTNERS LP, $22.06, down 6 pct (0942 ET)
The oil and natural gas producer said it would buy about 35 million barrels of oil equivalent (mmboe) of proved reserves in the Barnett Shale and Marble Falls for $255 million from DTE Energy.
Atlas also raised its 2013 distribution guidance to a range of $2.35 per unit to $2.50 per unit from $2.30 to $2.45 per unit.
** C&J ENERGY SERVICES INC, $18.70, down 4 pct (0943 ET)
The oilfield services provider’s second-largest shareholder, Energy Spectrum, will sell all of its 3.3 million shares in the company after the completion of its investment period. C&J Energy will not receive any proceeds from the sale of shares.
** INTEL CORP, $19.71, down 2.7 pct (0939 ET)
The top chipmaker’s Chief Executive Officer Paul Otellini will retire sooner than expected and the company said it may name an outsider for the position for the first time to steer a difficult transition toward mobile computing.
** TRINA SOLAR LTD, $2.29, down 4.5 pct (0938 ET)
The Chinese solar panel maker reported its fifth straight quarterly loss and cut its full-year shipment outlook for the second time in four months as it struggles with weak panel prices and faces import duties in the United States.
** BROCADE COMMUNICATIONS SYSTEMS INC $5.39, down 3 pct (0937 ET)
The networking equipment maker reported better-than-expected fourth-quarter results but forecast earnings marginally below Wall Street’s expectations.
** HORMEL FOODS CORP, $30.05, down 4 pct (0937 ET)
The seller of Spam canned ham, Hormel meats and Jennie-O turkeys reported higher quarterly earnings on Tuesday as losses in the company’s hog operations were offset by profit gains in other parts of the business.
** CLIFFS NATURAL RESOURCES INC, $35.50, down 6 pct (0936 ET)
The largest North American producer of iron ore pellets for steelmaking said on Monday that it will delay a mine expansion in Quebec and idle some production at two U.S. iron ore operations due to weak iron ore prices.
Brokerage firm Goldman Sachs cut the rating on the company’s stock to sell, Benzinga.com reported.
** SCHIFF NUTRITION, 41.87, down 5 pct (0936 ET)
German drugmaker Bayer AG gave up trying to buy the company after Reckitt Benckiser made a higher offer for the U.S. vitamin maker.
** GREEN MOUNTAIN COFFEE ROASTERS INC, $27.33, up 10 pct (0935 ET)
The maker of Keurig coffee brewers appointed Coca-Cola Inc executive Brian Kelley to its top post, replacing Lawrence Blanford who had led the company since 2007.
** RESEARCH IN MOTION LTD , $9.85, up 3 pct (0934 ET)
Brokerage firm Jefferies raised its rating on the stock to hold from underperform.
Analyst Peter Misek said preliminary results of its quarterly handset survey show carriers will support BlackBerry 10 devices and the response will be far less muted than he expected.
Misek said BB10 has a 20-30 percent probability of success for RIM, which has lost market share to Apple Inc’s iPhone and to devices powered by Google’s Android operating system.
** DAKTRONICS INC, $8.80, up 8 pct (0934 ET)
The electronic scoreboard and billboard maker reported second-quarter results well above market expectations on improved margins across all its businesses.
** BEST BUY CO INC, $12.68, down 8 pct (0933 ET)
The company reported a weaker-than-expected profit and its ninth same-store sales decline in 10 quarters, highlighting the challenges its new chief executive officer faces in trying to turn around the world’s largest consumer electronics chain.
** SUNSHINE HEART INC $7.41, up 12 percent (0932 ET)
The heart-device maker got U.S. health regulator go ahead to start a clinical trial to study its C Pulse Heart Assist System in patients suffering from heart failure.
The study will also bring in revenue as the U.S. Food and Drug Administration’s categorisation of the device makes it possible that the company is reimbursed for the implantation of the device in half the patient population tested.
** CHICO’S FAS INC, $18.72, up 3 pct (0932 ET)
The women’s apparel retailer’s third-quarter results beat Street estimates as the company sold more of its colorful fall fashion clothing at full prices. Comparable store sales rose 9.9 percent in the quarter.
** BROWN SHOE CO INC, $16.63, up 6 pct (0931 ET)
The shoe retailer’s profit beat analysts’ estimates for a third straight quarter, helped by a strong back-to-school season and higher sales at its Famous Footwear stores, prompting the company to raise its profit forecast for the year.
** HYPERDYNAMICS CORP, $1.15, up 27 pct (0932 ET)
The oil and gas explorer said it would would sell a 40 percent gross interest in its primary asset offshore Guinea in West Africa to Tullow Oil PLC. (Compiled by Tej Sapru in Bangalore)