Market Pulse: Chevron, Mastercard, Accuray, Abaxis, Hanger, Solazyme

LadRx

31/01/2014 14:32

(For more market insights, including options activity, click on STXNEWS/US ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) Wall Street was poised to tumble at the open on Friday and was set for its first monthly decline since August, hurt by weaker-than-expected inflation data in the euro zone and ongoing concerns about turbulence in emerging markets. Dow Jones industrial average futures  DJc1  were down 0.94 percent at 15,585, S&P 500 futures  SPc1  were down 0.86 percent at 1,765.8 and Nasdaq 100 futures  NDc1  were down 0.40 percent at 3,488. .N  ** CHEVRON CORP  CVX.N , Thursday close $116.45   The second-largest U.S. oil company said its fourth-quarter profit dropped 32 percent as refining margins and production fell around the world.  ID:nL2N0L426V  ** WAL-MART STORES INC  WMT.N , Thursday close $74.75, -1.10 pct premarket   The world's largest retailer shaved its outlook for the fiscal fourth quarter and full year to account for special items, including those tied to its store closures in Brazil and China and its Sam's Club restructuring in the United States.. ID:nL2N0L50L3  ** BP PLC  BP.N , Thursday close $47.41, -1.60 pct premarket BP  BP.L  is dropping plans to invest in a refinery in China, three sources with direct knowledge said, the fourth refining project in recent months to fall foul of a slowdown in growth in the world's second-largest economy.  ID:nL3N0L44V3  ** MASTERCARD INC  MA.N , Thursday close $79.76, -5.33 pct premarket  The world's No.2 credit and debit card company reported a 3 percent rise in quarterly profit but missed analysts' average forecast as expenses rose.  ID:nL3N0L54DO  ** TWITTER INC  TWTR.N , Thursday close $63.47, -0.09 pct premarket    The social media company bought 900 patents and signed a cross-licensing agreement with IBM, making peace with Big Blue and bulking up on its intellectual property portfolio as it takes on larger rivals Google Inc  GOOG.O  and Facebook Inc FB.O .  ID:nL2N0L41YF  ** LEGG MASON INC  LM.N , Thursday close $43.3, -1.27 pct premarket   The asset manager reported a profit in the year-end quarter and posted a net inflow of investor cash.  ID:nL2N0L50HC  ** ACCURAY INC  ARAY.O , Thursday close $9.24, +10.28 pct premarket The maker of cancer radiation devices reported a smaller-than-expected quarterly loss, helped by revenue growth and strong margins, and raised its 2014 revenue forecast. ID:nPn3DN4rj  ** ABAXIS INC  ABAX.O , Thursday close $38.04, -10.57 pct premarket The blood analysis systems maker reported a lower-than-expected quarterly profit as sales of its instruments to veterinary clinics dipped due to decreased orders from its largest distributors, who held excess inventory. ID:nPn8772bN  ** HANGER INC  HGR.N , Thursday close $39.09, -13.28 pct premarket The orthotic and prosthetic products provider estimated full-year earnings significantly below analysts' average expectations due to operational issues at one of its units. ID:nASA08P2B  Brokerage Noble Financial cut its price target on the company's stock to $38 from $40. ** PACCAR INC  PCAR.O , Thursday close $57.45, -3.66 pct premarket   The company, which makes vehicles sold under the Kenworth, Peterbilt and DAF brand names, reported higher quarterly profit on Friday as the maker of commercial trucks and engines benefited from recovering demand in Europe.  ID:nL2N0L50LH  ** SOLAZYME INC  SZYM.O , Thursday close $9.77, +11.57 pct premarket  The renewable oil producer said on Thursday that commerical operations had begun at both Archer Daniels Midland Co's  ADM.N  facility in Clinton, Iowa, and at another facility in Galva, Iowa, operated by American Natural Products. Oil products - used in lubricants, metalworking, home and personal care - made at the facilities by the three companies, are being sold in the United States and Brazil, Solazyme said.  ID:nBw4D9Qv9a  ** SOUTHCROSS ENERGY PARTNERS LP  SXE.N , Thursday close $16.91, -4.02 pct premarket The natural gas pipeline company priced its public offering of 8 million common units at $16.50 each, below Thursday's closing price of $16.91.  ID:nBw9fDVrLa  ** CONSOL ENERGY INC  CNX.N , Thursday close $37.9, +0.18 pct premarket   The company's adjusted core earnings declined 20 percent in the fourth quarter as weak realized prices for coal and natural gas squeezed margins.  ID:nL3N0L542W  ** STATE STREET CORP  STT.N , Thursday close $68.24   Britain's financial watchdog has fined the company 22.9 million pounds ($38 million) for deliberately overcharging some of its clients, and said the custody bank acted with "complete disregard" for the interests of its customers. Between June 2010 and September 2011 State Street UK, a unit of the world's second-largest standalone custody bank State Street, overcharged six clients a total of $20.2 million, the Financial Conduct Authority (FCA) said.  ID:nL5N0L51HZ  ** WYNN RESORTS LTD  WYNN.O , Thursday close $15.2, -3.22 pct premarket The casino operator on Thursday reported fourth-quarter results that beat analysts' estimates, driven by growth in revenue from its Macau and Las Vegas operations.  ID:nBw33lv3Qa  At least four brokerages raised their price targets on the company's stock on Friday. ** GREEN DOT CORP  GDOT.N , Thursday close -13.95 The prepaid debit card company reported a weaker-than-expected quarterly profit as it incurred higher operating expenses. Brokerage SunTrust Robinson reduced its price target on the company's stock to $22 from $25, but maintained its "neutral" rating. Green Dot forecast full-year revenue in the range of $640-$650 million, well above the average analyst estimate of $631.6 million, according to Thomson Reuters I/B/E/S. ID:nBw6wP24Xa  ** CEPHEID INC  CPHD.O , Thursday close $47.27, +6.41 pct premarket The company reported a smaller-than-expected loss in the fourth quarter, helped by higher sales of its molecular diagnostics systems and reagents.  ID:nPn3jZbx  At least seven brokerages, including UBS, Citigroup and Canaccord Genuity raised their price targets on the company's stock. ** MATTEL INC  MAT.O , Thursday close $43.01, -10.49 pct premarket ** HASBRO INC  HAS.O , Thursday close $51.239, -5.56 pct premarket The world's largest toy company missed Wall Street's profit and sales estimates for the fourth quarter on weak demand in the United States during the all-important holiday selling season. ID:nL2N0L50G3  Rival Hasbro's stock also fell on the results. ** ABBVIE INC  ABBV.N , Thursday close $48.31, +2.82 pct premarket  The company reported lower fourth-quarter earnings, hurt by generic competition for its medicines, and issued a 2014 profit forecast below Wall Street expectations.  ID:nL2N0L50KJ  ** COOPER TIRE & RUBBER CO  CTB.N , Thursday close $22.84, -0.44 pct premarket  The company  said it could sell its 65 percent stake in its Chinese joint venture to partner Chengshan Group Co Ltd, clearing the way for the U.S. tire maker to look for a buyer for itself.  ID:nL3N0L54B8  ** CYTRX CORP  CYTR.O , Thursday close $7.98, -15.29 pct premarket     The drug developer priced a public offering of 11.5 million shares of its common stock at $6.50 each, a discount of 19 percent to its Thursday close. The company plans to use the net proceeds of the offering to fund trials of its cancer drug, aldoxorubicin, and for general corporate purposes. ID:nBw7fV0Qfa  ** BANCO SANTANDER BRASIL SA  BSBR.N , Thursday close {BSBRs.K;$HST_CLOSE}, -1.06 pct premarket The lender aims to increase lending at a faster rate than its private-sector peers this year as credit markets return to normal, margins recover and loan defaults decline, Chief Executive Jesus Zabalza said on Thursday.  ID:nL2N0L40FX  ** DFC GLOBAL CORP  DLLR.O , Thursday close $10.57, -23.84 pct premarket The pawn and payday lender reported a weaker-than-expected quarterly profit as it earned lower fees from its consumer lending and pawn businesses, promoting several brokerages to lower their price targets on the company's stock. Nomura downgraded the company's stock to "buy" from "neutral." ID:nBw1T6fnfa  ** MEDLEY CAPITAL CORP  MCC.N , Thursday close $14.34, -4.04 pct premarket   The business development finance company started a public offering of 6 million shares of its common stock. The company plans to use the proceeds from the offering for debt repayment, for investment and general corporate purposes.  ID:nHUG7vGclZ  ** GOOGLE INC  GOOG.O , Thursday close $1,135.394, +2.67 pct premarket The company's quarterly revenue beat Wall Street's target despite an ongoing decline in prices for its online ads and deepening losses at Motorola, the handset-making division to be sold to China's Lenovo  0992.HK .  ID:nL2N0L4245  ** MICROSOFT CORP  MSFT.O , Thursday close $36.86, +1.00 pct premarket The world's largest software company is likely to appoint its cloud-computing head, Satya Nadella, as its next chief executive, a source familiar with the matter said on Thursday, as the board concludes a five-month search for a tech-savvy heavy-hitter to lead the company.  ID:nL2N0L42EV  ** YAHOO INC  YHOO.O , Thursday close $35.31, -1.76-1.76 pct premarket Yahoo said it detected a "coordinated effort" to gain unauthorized access to Yahoo Mail accounts using malicious computer software.  ID:nL3N0L4665  ** AUTOLIV  ALV.N , Thursday close $88.28, +1.87 pct premarket  The auto safety equipment maker  ALIVsdb.ST  reported a bigger-than-expected rise in fourth-quarter earnings and forecast continued sales growth this year, albeit at a slower pace than in 2013.  ID:nL5N0L51R9  ** TYCO INTERNATIONAL LTD  TYC.N  The maker of fire safety and security systems reported first-quarter results above analysts' estimates and said there were signs of recovery in non-residential construction markets in North America. Commercial construction has lagged a rebound in the U.S. housing market, which started recovering in late 2012.  ID:nPn9166Jh  ** SIMON PROPERTY GROUP INC  SPG.N , Thursday close $152.95, -0.34 pct premarket The largest owner of U.S. malls and outlet centers reported fourth-quarter results above analysts' estimates due to higher rents and occupancy at its malls. The company also said it was boosting its quarterly dividend.  ID:nPnc80yKs  ** AMAZON.COM INC  AMZN.O , Thursday close $403.01, -7.67 pct premarket Amazon missed Wall Street's estimates for the crucial holiday period and cautioned investors about a possible operating loss this quarter as shipping costs climb. ID:nL2N0L4251  ** ELI LILLY AND CO  LLY.N , Thursday close $53.27, -0.39 pct premarket ** Sanofi SA  SNY.N , Thursday close $50.18, -2.83 pct premarket French drugmaker Sanofi  SASY.PA  is suing Eli Lilly for alleged patent infringements concerning its top-selling Lantus diabetes treatment, delaying the U.S. firm's plans to produce a copycat version of Lantus. Lantus, the world's most prescribed insulin product with annual worldwide sales of about $7 billion, is set to lose patent protection in the United States, the world's largest pharmaceutical market, in February 2015. ID:nL2N0L50A9  ** MCKESSON CORP  MCK.N , Thursday close $177.23, -0.71 pct premarket The company, which last week reached a deal to acquire Germany's Celesio AG  CLSGn.DE , reported on Thursday a lower quarterly profit and trimmed its full-year outlook, citing higher taxes and one-time charges.  ID:nL2N0L42HG  ** ZYNGA INC  ZNGA.O , Thursday close $3.56, +19.38 pct premarket Zynga will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for $527 million to refresh a stalled games pipeline.  ID:nL2N0L425A  ** GOLDMAN SACHS GROUP INC  GS.N , Thursday close $165.84, -1.47 pct premarket Chief Executive Lloyd Blankfein received restricted stock worth $14.7 million this week as part of his 2013 bonus, Goldman reported in a regulatory filing on Thursday.  ID:nL2N0L4294  ** CANADIAN NATIONAL RAILWAY CO  CNI.N , Thursday close $53.08, -3.32 pct premarket Canada's largest rail operator  CNR.TO  reported higher quarterly earnings on Thursday, saying its full-year volumes and revenue hit record highs, but the results were tempered by extreme winter weather in December and came in slightly below estimates. ID:nL2N0L4261  At least three brokerage's raised their price target on the stock.  ** CHIPOTLE MEXICAN GRILL INC  CMG.N , Thursday close $493.96, +11.85 pct premarket The burrito chain said on Thursday an increase in customer visits contributed to bigger-than-expected growth in quarterly sales at established restaurants.  ID:nL2N0L425Y  ** BROADCOM  BRCM.O , Thursday close $29.21, -0.10 pct premarket The company on Thursday posted fourth-quarter revenue and profits that were down from a year earlier, but the results slightly exceeded expectations of Wall Street analysts concerned about tepid smartphone sales.  ID:nL2N0L424Q  ** CHUBB CORP  CB.N , Thursday close $86.76, -1.23 pct premarket The property and casualty insurer reported a better-than-expected quarterly profit as its claims fell 30 percent and announced a $1.5 billion share buyback. ID:nL3N0L45VH  ** AMGEN INC  AMGN.O , Thursday close $120.89, -1.59 pct premarket Amgen said its experimental drug from a promising new class of injectable medicines succeeded in treating patients with genetically high cholesterol levels, marking the fifth successful clinical study of the drug.  ID:nL3N0L4622  ** NATIONAL OILWELL VARCO INC  NOV.N , Thursday close $73.65, +1.29 pct premarket   The largest U.S. oilfield equipment provider, reported a better-than-expected adjusted quarterly profit, boosted by strength in its business that helps prepare oil and gas wells for production.  ID:nL3N0L544L  ** LEAR CORP  LEA.N , Thursday close {LEA;$HST_CLOSE}, {LEA;+IRGPRC % HST_CLOSE:2} pct premarket The company reported a better-than-expected 14 percent rise in quarterly revenue as an increase in U.S. vehicle sales boosted demand for its car seats and electrical power systems. ID:nL3N0L542L  ** TYSON FOODS INC  TSN.N , Thursday close $34.49, +3.62 pct premarket The largest U.S. meat processor posted a 47 percent rise in first-quarter profit, helped by growth in sales volumes of chicken and beef.  ID:nL3N0L547Y  ** E*TRADE FINANCIAL CORP  ETFC.O , Thursday close $20.35  The company said on Thursday that it formed a "retail alliance" giving its customers access to initial public offerings and follow-on offerings underwritten by middle-market investment bank Jefferies LLC.  ID:nL2N0L42ID  Keywords: MARKETS USA STOCKS/PULSE