U.S. Stocks on the Move-Intercloud, Rent-A-Center, Joe's Jeans

InterCloud Systems

11/07/2014 15:58

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     U.S. stocks were little changed on Friday, with indexes on 
track for their biggest weekly drop in months, as an early ream 
of corporate earnings wasn't enough to entice buyers even after 
a string of market losses. The Dow Jones industrial average 
 .DJI  was down 0.13 percent at 16,893.01 and the S&P 500  .SPX  
was down 0.06 percent at 1,963.44.  .N  
     
    ** MGIC INVESTMENT CORP  MTG.N , $8.06, -12.77 pct 
    ** RADIAN GROUP INC  RDN.N , $13.81, -5.09 pct 
    ** GENWORTH FINANCIAL INC  GNW.N , $16.34, -4.22 pct 
    Federal Housing Finance Agency (FHFA) asked for public 
comment on proposals to tighten requirement for private insurers 
that do business with government-controlled mortgage finance 
firms Fannie Mae  FNMA.OB  and Freddie Mac  FMCC.OB .  
 ID:nL2N0PL24K  
    The FHFA said that the proposed rules will help ensure 
"approved insurers have a sufficient level of liquid assets from 
which to pay claims". 
     
    ** RENT-A-CENTER INC  RCII.O , $26, -10.53 pct 
    The rent-to-own home furniture retailer's estimated second 
quarter revenue and profit below analysts' expectations on 
Thursday  ID:nBw6ygWr7a  
    "Macro-economic pressures continue to burden our financially 
constrained customers contributing to softer than expected 
demand in our U.S. business segments," CEO Robert Davis said. 
     
    ** REYNOLDS AMERICAN INC  RAI.N , $61.38, -1.41 pct 
    ** LORILLARD INC  LO.N , $66.25, +5.01 pct 
    The U.S cigarette makers are in talks on a possible 
multi-billion dollar disposal to Britain's Imperial Tobacco 
Group Plc  IMT.L , as part of efforts to ease antitrust concerns 
over their planned merger.  ID:nL6N0PM18U  
     
    ** JOE'S JEANS INC  JOEZ.O , $1.23, +19.42 pct  
    The jeans maker reported a 56 percent jump in second-quarter 
net sales and said it expects better results in second half of 
the year, helped by higher same-store sales at retail outlets. 
 ID:nBwbZRwq4a  
    B. Riley raised its rating on the stock to "buy" and price 
target to $1.70 from $1.30. 
     
    ** URS CORP  URS.N , $52.75, +3.57 pct   
    The engineering and construction services company has 
recently held talks with industry rivals and buyout firms about 
a potential sale of the company, people familiar with the matter 
said. The company has a market value of about $3.5 billion. 
 ID:nL2N0PM0SQ  
     
    ** INTERCLOUD SYSTEMS INC  ICLD.O , $6.74, +20.36 pct 
    The company, which provides engineering and maintenance 
services to telecom companies, said it got $3.1 million orders 
from existing clients.  ID:nGNXVAZMWa  
     
    ** KEYW HOLDING CORP  KEYW.O , $12.72, +5.12 pct 
    The cyber-security product maker said it is working with 
Oracle Corp  ORCL.N  to develop advanced applications for the 
U.S. government.  ID:nGNXVAZLCa  
    Keyw counts various U.S. government agencies as clients.  
     
    ** KOFAX LTD  KFX.O , $7.5501, -6.56 pct 
    The customer management software maker estimated revenue of 
$287.5 million to $290.5 million for year ended June 30, below 
the average analyst estimate of $297 million, according to 
Thomson Reuters I/B/E/S.  ID:nBw1WK3Lka  
     
    ** HALOZYME THERAPEUTICS INC  HALO.O , $9.739, +4.83 pct  
    J.P. Morgan started coverage of the biotechnology company's 
stock with an "overweight" rating.  
    Halozyme has a validated technological platform, diverse 
pipeline and an attractive mix of partnered and proprietary 
assets, J.P. Morgan analysts said. 
     
    ** FINISH LINE INC  FINL.O , $27.24, -5.52 pct 
    Brokerage Sterne Agee cut its rating on the footwear 
retailer's shares to "neutral" from "buy," according to the 
theflyonthewall.com  ID:nWNBB04QW2  
     
    ** NORDION INC  NDZ.N , $12.94, +3.94 pct 
    The Canadian supplier of medical isotopes said it had 
cleared a U.S. antitrust hurdle, paving the way for the company 
to be acquired by Sterigenics.  ID:nL4N0PM35J      
         
    ** FIFTH STREET FINANCE CORP  FSC.O , $9.74, -2.76 pct 
    The specialty finance company priced its offering of 13.3 
million common shares at $9.95 per share, which was below its 
Thursday close. The offer represented about 9.6 percent of its 
total shares outstanding as of May 7. 
     
    ** AMAZON.COM INC  AMZN.O , $342.38, +4.41 pct 
    The company is seeking permission from U.S. regulators to 
test its delivery drones near Seattle, as part of a rapid 
expansion of a program that has sparked widespread debate over 
the safety and privacy implications of drone technology. 
 ID:nL2N0PM05Q              
         
    ** FASTENAL CO  FAST.O , $45.73, -5.04 pct 
    The industrial distributor reported second-quarter revenue 
that was below expectations.  ID:nGNXVAZGLa  
 
 (Compiled by Avik Das in Bangalore; Edited by Maju Samuel) 
 ((avik.das@thomsonreuters.com)(within U.S. +1 646 223 
8780)(outside U.S. +91 80 6749 1130)(Reuters Messaging: 
avik.das.thomsonreuters.com@reuters.net)) 
 
Keywords: MARKETS USA STOCKS/PULSE