Market Pulse: AIG, Body Central, Chevron, Osiris, Hutchinson, Container Store

bebe stores

01/11/2013 17:16

(For more market insights, including options activity, click on STXNEWS/US ; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning Call newsletter, click http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/M...) Nov 1 (Reuters) - The major U.S. stock indexes traded mixed on Friday as traders digested October's surprisingly strong manufacturing growth, with the Dow and the S&P 500 not far from record highs reached earlier this week. The Dow Jones industrial average  .DJI  was up 0.16 percent at 15,570.25. The Standard & Poor's 500  .SPX  dipped was up 0.02 percent at 1,756.19. The Nasdaq Composite Index  .IXIC  was down 0.15 percent at 3,913.86. .N  Some stocks on the move: ** CHEVRON CORP  CVX.N , $117.18, down 2.3 pct (12:17 p.m. ET) The second-largest U.S. oil company reported a decline in quarterly profit due to the impact of lower refining margins, while oil and gas production increased but remained short of its target.  ID:nL1N0IL2GS  ** ACCURIDE CORP  ACW.N  $3.29, down 27 pct (12:12 p.m. ET) The auto components maker cut its full-year revenue forecast after reporting a bigger-than-expected loss in the third quarter.  ID:nHUGtbsZ0a  ** FEDERATED NATIONAL HOLDING CO  FNHC.O , $11.41, up 11.3 pct (12:26 p.m. ET) The insurance holding company reported a higher-quarterly profit as the company earned higher premium and commission income. Net premiums earned rose 87 percent to $28.1 million for the third quarter.  ID:nGNXUZCCLa  ** AMERICAN VANGUARD CORP  AVD.N , $28.55, up 9.4 pct (01:08 p.m. ET) The chemical maker Thursday reported 8 percent rise in its third-quarter profit due to higher insecticide sales, and said it expects strong demand for its products in the upcoming quarters. ** IPG PHOTONICS CORP  IPGP.O , $60.01, down 9.4 pct (12:18 p.m. ET) The specialized laser maker reported third-quarter earnings below Wall Street estimates as costs rose about 27 percent and the company forecast fourth-quarter profit largely below expectations. The company's gross margin in the quarter fell to 53.9 percent from 55 percent, a year earlier.  ID:nBw6sJtgTa  IPG's stock was trading more than three times its average 10-day volume. ** IRIDIUM COMMUNICATIONS INC  IRDM.O , $5.53, down 8.3 pct (12:19 p.m. ET) Raymond James cut its rating on the satellite operator's stcok to "outperform" from "strong buy," according to StreetInsider.com. (http://link.reuters.com/weh44v) The company reported better-than-expected results on Thursdau but withdrew its long-range outlook citing evaluation of the impact of lower commercial equipment sales and commercial subscriber additions on its operating plan.  ID:nGNXUZBRAa  ** MEDIVATION INC  MDVN.O , $64.10, up 7.1 pct (12:19 p.m. ET)  Analysts said Medivation's partner Astellas Pharma Inc 4503.T  reported that quarterly sales of its prostate cancer drug Xtandi hit $108 million, ahead of consensus estimates. Cowen and Co analyst Eric Schmidt said sales of Xtandi increased 31 percent over the previous quarter. "Xtandi benefited from a 6 percent price increase taken during the third quarter, but demand also seems to have rebounded from a June quarter that witnessed just 9 percent quarter-over-quarter growth," he wrote in a note to clients. ** IRIDEX CORP  IRIX.O , $7.21, up 20.8 pct (12:20 p.m. ET) The eye products maker reported a better-than-expected profit for the third quarter, as sales of its consumable products and laser systems drove revenue up 21 percent. ID:nPncbMrYP       ** SILVERCORP METALS  SVM.N , $2.91, down 8 pct (12:20 p.m. ET) Analysts at Raymond James downgraded the miner's stock to "market perform" from "outperform," citing the company's recent decision to enter a transition period at Ying Mine, which is also its flagship mine, in an attempt to curb dilutive high cost mining practices from its contractors. Silvercorp expects this transition to result in a 45 percent decrease in ore production and a 25 percent drop in metal production.  ** CONTAINER STORE GROUP INC  TCS.N , $36.30, up 101.66 pct (12:21 p.m. ET) The retailer of storage products, which sells a range of items from laundry baskets to luggage, raised $225 million after pricing its initial public offering at the top end of its increased price range. The Coppell, Texas-based specialty retailer, which sells a range of storage products from laundry baskets to luggage, sold 12.5 million shares at $18 each. ID:nBwWK421a  ** AMERICAN INTERNATIONAL GROUP INC  AIG.N , $48.50, down 6.1 pct (12:22 p.m. ET) The company reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which almost went under during the financial crisis.  ID:nL3N0IL6QI  ** OSIRIS THERAPEUTICS INC  OSIR.O , $16.79, up 26.1 pct (12:23 p.m. ET) The stem-cell based drugs developer reported a smaller-than-expected quarterly loss as its revenue rose more than three fold.  ID:nBw37yXZLa  ** HUTCHINSON TECHNOLOGY INC  HTCH.O , $3.03, down 18.5 pct (12:24 p.m. ET) The company, which makes suspension assemblies for disk drives, posted a bigger-than-expected quarterly loss hurt by lower production at its Thailand facility than the company had expected and continued problems in its components business. ID:nGNXUZCCPa  ** BILL BARRETT CORP  BBG.N , $29.64, up 7.1 pct (12:24 p.m. ET) The oil and gas producer's adjusted quarterly loss was 1 cent higher than analysts' average estimate, as weak prices for natural gas liquids offset higher production and lower costs. However, analysts said improved well results in its core Northeast Wattenberg area in Colorado was a positive. "We expect the shares to outperform the group on Friday given the strong step out well results in the NE Wattenberg area," Simmons and Co analysts said.  ID:nPn58HMqJ  ** ZALICUS INC  ZLCS.O , $4.54, up 3.6 pct (12:25 p.m. ET) The pain drug developer said its experimental drug demonstrated a statistically significant reduction in pain in an early stage study. Based on these results, Zalicus plans to take the drug, Z944, into mid-stage development in 2014. Z944 was issued a second patent covering methods of treating pain on Oct. 29, providing additional patent protection in the United States until at least 2029, the company said.  ID:nBw33l3JHa  ** CONTROL4 CORP  CTRL.O , $17.21, up 4.6 pct (12:26 p.m. ET) The company, which sells home automation systems, reported a better-than-expected profit on Thursday on higher sales in North America.  ID:nGNXUZCCRa  The company provides automation systems which allow owners to control music, lighting, temperature, and security systems in their homes through a central controlling system on a wall panel or mobile device. ** CALLIDUS SOFTWARE INC  CALD.O , $10.69, up 3.3 pct (12:26 p.m. ET) The HR management software maker reported better-than-expected third-quarter results on Thursday as demand rose for its cloud-based software.  ID:nMKW64077a  ** ACADIA PHARMACEUTICALS  ACAD.O , $22.09, down 2.8 pct (12:27 p.m. ET) The drug developer published the results of a late-stage study in a medical journal, where its experimental drug significantly reduced psychosis and maintained motor control in patients with Parkinson`s disease psychosis (PDP). ID:nBw175Zv4a  The drug, pimavanserin, was found be safe and well tolerated in patients with PDP - a disorder that develops in up to 60 percent of patients with Parkinson's. Currently, there is no FDA-approved therapy to treat PDP in the United States. ** OFFICE DEPOT INC  ODP.N , $5.73, up 2.5 pct (12:28 p.m. ET)  A deal to combine the No. 2 U.S. office supply retailer with smaller rival OfficeMax Inc  OMX.N  has won approval from the U.S. Federal Trade Commission, the companies said in a joint statement.  ID:nL1N0IM0O8  ** SOUTHWESTERN ENERGY CO  SWN.N , $37.51, up 0.8 pct (12:30 p.m. ET) Analysts at Stifel, Nicolaus & Co raised their rating on the oil and gas producer's stock to "buy" from "hold," citing its better-than-estimated production for the third quarter and positive well results in the Brown Dense in the southern Arkansas and northwest Louisiana. Analysts at Canaccord Genuity raised their target price on the company's stock to $51 from $50. ** EAGLE BULK SHIPPING INC  EGLE.O , $5.95, up 7 pct (12.31 p.m. ET) ** DRYSHIPS  DRYS.O , $2.94, up 6.3 pct  ** FRONTLINE LTD  FRO.N , $2.29, up 8 pct  ** GENCO SHIPPING AND TRADING LTD  GNK.N , $3.06, up 14.6 pct  ** DIANA SHIPPING INC  DSX.N , $11.53, up 1.6 pct  ** NAVIOS MARITIME HOLDINGS INC  NM.N , $7.24, up 2.3 pct  ** SAFE BULKERS INC  SB.N , $7.59, up 1.7 pct The Baltic Exchange's main sea freight index  .BADI , which gauges the cost of shipping commodities such as iron ore, grain, coal and fertilizer, rose for a second day on Friday and was up 1.4 percent at 1,525 points in morning trade.  ** BEBE STORES INC  BEBE.O , $5.65, down 6.5 pct (12:34 p.m E.T) Janney Capital Markets analyst Adrienne Tennant cut her rating on the women's apparel  retailer's stock to "neutral" from "buy," as it expects the company to continue to face margin and comparable-store sales pressure in the next 12 months. ** WELLCARE HEALTH PLANS  WCG.N , $61.40, down 7.9 pct (12:35 p.m. ET) The health insurer said Chief Executive Alec Cunningham would leave the company and appointed Chairman David Gallitano interim CEO.  ID:nHUGR16Jfa  "The CEO announcement wasn't expected and will raise plenty of questions for a stock that is up 37 percent year-to-date and 80 percent under his tenure," Jefferies analyst David Windley wrote in a note. The company, which reported better-than-expected quarterly profit, cut its full-year earnings forecast to account for spending on the implementation of Medicaid contract in Florida.  ID:nHUGynzzWa  ** GROUPON INC  GRPN.O , $9.77, up 7 pct (12:36 p.m. ET) The daily deals company launched a redesigned version of its website and updated its mobile apps for the iPad, iPhone and Android devices. Janney Montgomery Scott LLC analyst Shawn Milne said Groupon's stock was "probably" up on the news. "Plus stock has been under a lot of pressure," he said. ** ATMI INC  ATMI.O , $28.91, up 5.7 pct (12:37 p.m. ET) The company, which provides semiconductor material, is exploring a sale and hired Barclays Plc  BARC.L  to sound out potential buyers, Bloomberg reported citing two people with knowledge of the matter. Bloomberg reported citing sources that a deal may value the company at about $1 billion. (http://link.reuters.com/heh44v) ** ODYSSEY MARINE EXPLORATION INC  OMEX.O , $2.37, up 9.7 pct (12:38 p.m. ET) The company on Friday responded to activist fund manager Meson Capital Partners allegations and said its existing public disclosures are accurate in all material respects. ID:nWNBB034S8  San Francisco-based Meson Capital on Thursday published a report questioning the company's new offshore subsidiaries. Odyssey Marine's shares closed down nearly 24 percent on the news.  ID:nBw2z5H0ja  ** DIGIRAD CORP  DRAD.O , $3.84, up 15.3 pct (12:40 p.m. ET) The diagnostic imaging systems maker reported its first quarterly profit in two years, helped by strong sales of its nuclear and ultrasound imaging services and lower operating expenses.  ID:nGNXUZCCWa      ** BRUKER CORP  BRKR.O , $19.37, down 5.3 percent (12:41 p.m. ET) The scientific instruments maker's third-quarter results missed analysts' estimates, partly due to weak demand for its products from industrial markets. The company also lowered its full-year earnings forecast to 72-76 cents per share from the 80-83 cents it earlier estimated. The company also expects 2013 revenue to be flat or fall by 1 percent, compared with its earlier estimate of 2-3 percent revenue growth.  ID:nBw5bctk8a  ** AMN Healthcare Services Inc  AHS.N , $13.39, up 8 pct (12:42 p.m. ET) The company, which provides healthcare staffing and clinical workforce management services, reported better-than-expected third-quarter results, helped by a strong performance in its Locum Tenens Billing and physician permanent placement  businesses.  ID:nPn8D1nZc   ** STARWOOD PROPERTY TRUST INC  STWD.N , $25.92, up 0.9 pct (12:43 p.m. ET) The real estate investment trust (REIT), said its board has approved a spin-off of its single-family residential business to its stockholders. The newly formed REIT will be called Starwood Waypoint Residential Trust and will apply to list on the New York Stock Exchange and trade under the ticker symbol "SWAY," the company said.  ID:nPnbFFGXG   ** SS&C TECHNOLOGIES HOLDINGS INC  SSNC.O , $38.07, down 3.1 pct (12:44 p.m. ET) The company, which makes software for financial service providers, forecast fourth-quarter revenue largely below analysts' estimates on Thursday saying closing deals was taking longer as it pursued bigger clients.  ID:nGNXUZCCXa   ** ARIAD PHARMACEUTICALS INC  ARIA.O , $2.44, up 11.1 pct (12:45 p.m. ET) The company has suspended sales of its leukemia drug Iclusig after an investigation by the U.S. Food and Drug Administration found that a significant number of patients developed life-threatening blood clots or narrowing of the veins. ID:nL3N0IL558  ** BRUKER CORP  BRKR.O , $19.46, down 4.9 pct (12:46 p.m. ET) The scientific instruments maker's third-quarter results missed analysts' estimates, partly due to weak demand for its products from industrial markets. The company also lowered its full-year earnings forecast to 72-76 cents per share from the 80-83 cents it earlier estimated. The company said it expects 2013 revenue to be flat or fall by 1 percent, compared with its earlier estimate of 2-3 percent revenue growth.  ID:nBw5bctk8a  ** CBOE HOLDINGS INC  CBOE.O , $49.04, up 1.3 pct (12:47 p.m. ET)  The company, which operates the biggest U.S. stock-options market, reporter higher-than-expected quarterly profit on increased trading of exclusively listed contracts tied to stock-market indexes and volatility.  ID:nL1N0IM0GW  ** BOTTOMLINE TECHNOLOGIES  EPAY.O , $34.83, up 10.8 pct (12:48 p.m. ET) The company, which provides payment, invoice and document automation products, reported better-than-expected results on Thursday helped by strong subscription and transaction revenue, and raised its forecast for the year ending June 2014. Needham raised its price target on the stock by a dollar to $36. ** SPIRIT AEROSYSTEMS HOLDINGS INC  SPR.N , $28.43, up 6.5 pct (12:51 p.m. ET) The maker of fuselages and wings for Boeing Co  BA.N  and Airbus  EAD.PA , reported a 10 percent rise in quarterly revenue due to strong demand for large commercial aircraft. ID:nL3N0IM406  ** NETFLIX INC  NFLX.O , $328.22, up 1.8 pct (12:54 p.m. ET) Brokerage Robert W Baird and Co Inc raised its rating on the company's stock to "outperform" from "neutral," according to Theflyonthewall.com.  ** GREEN DOT CORP  GDOT.N , $24.88, up 15.9 pct (12:55 p.m. ET) The prepaid card company's third-quarter results beat analysts' estimates as card revenues rose, and raised its outlook for the year. Green Dot said it expects full-year adjusted earnings of between $$1.10 and $1.20 per share. J.P. Morgan Securities raised its rating on the stock to "overweight" from "neutral," according to Theflyonthewall.com. ID:nASA08AMG      ** ARTISAN PARTNERS ASSET MANAGEMENT INC  APAM.N , $58.94, down 1.6 pct (12:55 p.m. ET) The investment management firm priced its offering of 4.8 million shares at $56 per share, a discount of about 6 percent to its Thursday's closing price.  ID:nBwQwmyqa   ** FIRST SOLAR INC  FSLR.O , $59.41, up 18.1 pct (12:56 p.m. ET) ** YINGLI GREEN ENERGY HOLDING CO LTD  YGE.N , $6.28, up 4.7 pct ** TRINA SOLAR LTD  TSL.N , $15.04, up 2.5 pct ** RENESOLAR LTD  SOL.N , $4.50,  up 3.4 pct  ** CHINA SUNERGY CO LTD  CSUN.O , $7.57, up 2.6 pct  ** JINKOSOLAR HOLDING CO LTD  JKS.N , $23.23, up 3.2 pct ** REAL GOODS SOLAR INC  RSOL.O , $3.52, up 4.8 pct  The U.S. solar company reported quarterly results that blew past estimates and raised its earnings outlook for the year as it began recognizing revenue from a major project in California, sending shares higher.  ID:nL1N0IL210  ** MOHAWK INDUSTRIES INC  MHK.N , $137.67, up 4 pct (01:01 p.m. ET) The maker of floor covering products late on Thursday reported third-quarter earnings in line with analysts estimates as new residential construction and remodeling drove up sales. The company forecast fourth-quarter earnings to be higher than Wall Street expectations.  ID:nCNWZRJ0sa  ** BARRICK GOLD CORP  ABX.N , $18.10, down 6.7 pct (01:01 p.m. ET) The world's largest gold producer  ABX.TO  said on Thursday that it will issue more than $3 billion in stock as it looks to improve its liquidity position by paying down its large debt load.  ID:nL1N0IL25R  ** CANADIAN SOLAR INC  CSIQ.O , $24.86, up 8.1 pct (01:02 p.m. ET) The Chinese solar products maker said it had been awarded a contract to supply 100 megawatt photovoltaic modules for a solar power project in Guazhou County in China.  ID:nPn8kW8ty  ** AUDIENCE INC  ADNC.O , $11.09, down 2.9 pct (01:03 p.m. ET) The audio-chipmaker forecast fourth-quarter results largely below analysts' estimates, hurt by weak demand from its biggest customer, Samsung Electronics Co Ltd  005930.KS . ID:nL3N0IL6RE  J.P. Morgan Securities lowered its price target on the company's stock following results.  ** ELLIE MAE INC  ELLI.N , $23.84, down 17.5 pct (01:04 p.m. ET) The company, whose software is used by mortgage professionals, reported a lower-than-expected third-quarter profit, hurt by lower mortgage volumes and higher R&D spending. ID:nL3N0IL6Y3  ** TRIMBLE NAVIGATION LTD  TRMB.O , $32.82, up 15.1 pct (01:05 p.m. ET) The navigation software maker reported better-than-expected quarterly earnings and forecast a strong fourth quarter, helped by robust sales in the transport and logistics sectors. ID:nL3N0IL71G   ** BODY CENTRAL CORP  BODY.O , $4.05, down 28 pct (01:06 p.m. ET) The women's apparel retailer reported a larger-than-expected quarterly loss as it struggled to attract customers. Chief Executive Brian Woolf attributed the disappointing third-quarter results to a decline in U.S. mall traffic and the overall weakness in the women's apparel sector.  ID:nL3N0IL704  Brokerage Jefferies and Co Inc lowered its price target on the company's stock following results. (Compiled by Sampad Patnaik; Editing by Joyjeet Das) ((sampad.patnaik@thomsonreuters.com)(Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 6378)(Reuters Messaging: sampad.patnaik.thomsonreuters.com@reuters.net)) Keywords: MARKETS USA STOCKS/PULSE