U.S. Stocks on the Move-Royale Energy, Methode, Concert Pharma

LG H&H

26/06/2014 19:06

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    U.S. stocks fell on Thursday following comments from a top 
Federal Reserve official that interest rate increases should 
come sooner rather than later. The Dow Jones industrial average 
 .DJI  was down 0.17 percent at 16,839, the S&P 500  .SPX  was 
down 0.22 percent at 1,955.28 and the Nasdaq Composite  .IXIC  
was down 20.92 points, or 0.48 percent, to 4,358.84.  .N  
     
    ** ROYALE ENERGY INC  ROYL.O , $3.2648, +8.47 pct 
    The oil and gas producer said a review found up to 325.3 
million barrels of oil in two locations in Alaska's North Slope 
region. The assessed regions were among company's recent 
acquisition of Big Bend seismic survey.  ID:nGNXVAWUEa  
     
    ** METHODE ELECTRONICS INC  MEI.N , $37.4, +13.26 pct 
    The electronic products maker forecast sales for year ending 
May 2015 above analysts' estimates. Methode, whose products 
include touchscreens, sensors, remote controls and high-speed 
data cables, said it expects to launch new products in fiscal 
2015. The company also reported better-than-expected revenue for 
fourth quarter, helped by higher sales in automotive, 
interconnect and power products segments.  ID:nASA09BDR  
 
    ** CONCERT PHARMACEUTICALS INC  CNCE.O , $9.815, +10.28 pct 
    Ladenburg Thalmann analysts initiated coverage on the drug 
developer's stock with a "buy" rating. Analysts said they 
believe in the potential of the company's strategy of developing 
medicines using deuterium, a naturally occurring relative of 
hydrogen that strengthens molecular bonds. 
 
    ** NATURE'S SUNSHINE PRODUCTS INC  NATR.O , $17.73, +13.15 
pct  
    The healthcare company said it entered into a joint venture 
with Shanghai Fosun Pharmaceutical Co to market and distribute 
Nature's Sunshine and Synergy products in China.  ID:nGNXVAWYLa  
    Fosun Pharma will also invest about $46.3 million in 
Nature's Sunshine common stock in a private placement 
transaction. 
     
    ** HARVARD BIOSCIENCE INC  HBIO.O , $3.955, +6.03 pct 
    Janney Capital Markets started coverage of the scientific 
apparatus maker's shares with a "buy" rating. Janney analysts 
said they expected the new management's initiatives to translate 
into double-digit earnings per share growth over the next 
several years. 
     
    ** OHR PHARMACEUTICAL INC  OHRP.O , $9.74, +33.24 pct 
    Vista Partners raised the price target on the drug 
developer's stock to $31 from $14, saying Ohr's Squalamine eye 
drops has potential to change the way patients are treated for 
age-related macular degeneration. 
     
    ** XEROX CORP  XRX.N , $12.35, -1.89 pct  
    Brokerage Argus Research cut rating on the company's stock 
to "hold" from "buy", according Streetinsider.com. 
     
    ** GOPRO INC  GPRO.O , $31.3101, +30.46 pct 
    Shares of GoPro, which makes wearable cameras, rose as much 
as 26 percent in their market debut. The stock's high of $30.19 
in early Nasdaq trading valued the company at $3.7 billion. 
 ID:nL4N0P73S4  
    
    ** BARCLAYS PLC  BCS.N , $14.69, -6.49 pct 
    ** UBS AG  UBS.N , $18.43, -2.64 pct 
    ** LAZARD LTD  LAZ.N , $50.4, -2.87 pct 
    ** CREDIT SUISSE GROUP AG  CS.N , $28.311, -3.47 pct 
    ** DEUTSCHE BANK AG  DBKGn.DE , $26, -2.38 pct 
    The New York State's attorney general has filed a securities 
fraud lawsuit against Barclays, accusing the British bank of 
giving an unfair edge in the United States to high-frequency 
trading clients even as it claimed to be protecting other 
customers from such traders. Barclays could suffer a litigation 
cost of $163 million from the activities and Deutsche Bank and 
UBS could face similar costs from an industry-wide 
investigation, said analysts at Credit Suisse. They gave no 
estimate for their own bank.  ID:nL2N0P61T3  
     
    ** STEELCASE INC  SCS.N , $15.86, -10.19 pct 
    The office furniture maker forecast adjusted current-quarter 
profit of 22-26 cents per share, below the average analyst 
estimate of 28. The company reported lower-than-expected first 
quarter profit, citing weak growth in the Americas and higher 
costs associated with warranties and freight and distribution, 
some of which may impact results in current quarter 
 ID:nGNXVAWMUa  
    Steelcase shares were the biggest loser on the New York 
Stock Exchange. 
     
    ** POWERSECURE INTERNATIONAL INC  POWR.N , $9.92, +3.33 pct 
    The utility and energy technology provider said it made 
changes to a contract with an unnamed utility customer, 
including adjustments to pricing. Lake Street Capital Markets 
raised rating on the company's stock to "buy" from "hold". 
Analysts said renegotiated utility contract gives them greater 
confidence in forward estimates for the company. 
     
    ** SCHLUMBERGER NV  SLB.N , $116.19, +2.06 pct  
    Six brokerages raised price targets on the world's largest 
oilfield services company's stock to $127-$140 after it forecast 
2017 earnings per share largely above analysts' average 
estimate. Schlumberger's margins can improve due to continued 
growth in the Gulf of Mexico, the introduction of new 
technologies, and increasing operational efficiencies, according 
to RBC Capital Markets. 
     
    ** TCP INTERNATIONAL HOLDINGS LTD  TCPI.N , $10.44, -5.09 
pct  
    The lamp maker's shares fell as much as 7.36 pct to $10.19, 
valuing company at about $282.2 million. The IPO of 7.1 million 
common share, which were priced at $11 each, below expected 
range of $13-$15, raised about $78.6 million. 
     
    ** SERVICEMASTER GLOBAL HOLDINGS INC  SERV.N , $17.7, +4.12 
pct 
    Shares of ServiceMaster rose about 3.64 percent in their 
debut, valuing the owner of Terminix pest control and American 
Home Shield brands at about $2.25 billion.  
    The IPO raised about $610.3 million after its offering was 
priced at $17, slightly below its expected price range of 
$18-$21 per share.  ID:nASA09BD0  
     
    ** CANADIAN SOLAR INC  CSIQ.O , $29.71, +4.21 pct 
    The solar panel maker's unit signed a deal with Kingston 
Solar LP for the construction of a 140 megawatt DC Solar Farm in 
Ontario. The project is expected to be fully operational in the 
third quarter of 2015 and generate over C$300 million ($276 
million) in revenue.  ID:nPn2ntYSj  
     
    ** GLU MOBILE INC  GLUU.O , $4.41, +8.89 pct 
    The mobile game maker announced support for Google's 
 GOOGL.O  Android TV platform. Glu said gamers can now play its 
top games, Deer Hunter 2014 and Eternity Warriors 2, on a big 
screen in high definition. The company also integrated the new 
Google Play Game Services into several of its games. 
 ID:nHUG9dmB8x  
     
    ** HB FULLER CO  FUL.N , $47.06, -6.35 pct 
    The adhesive provider's second-quarter revenue and full-year 
earnings missed average analyst estimate, while gross profit 
margin fell 2 percentage points.  ID:nPn7ZtXP2  
     
    ** UNIPIXEL INC  UNXL.O , $7.54, +9.59 pct  
    The touchscreen sensor maker said it started pilot 
production of its new InTouch Sensors, overcoming technical 
challenges.  ID:nMKWj8MRKa  
    Cowen & Co raised price target on the company's stock to 
$7.50 from $5.00. Analyst Robert Stone said a modest penetration 
of the touch device market could support strong sales growth. 
 
     ** IRON MOUNTAIN INC  IRM.N , $35.75, +20.09 pct 
    The document storage company said its board has approved its 
conversion to a REIT for 2014 tax year after favorable IRS 
ruling.  ID:nBw2Cg9sKa  
     
    ** CLIFFS NATURAL RESOURCES INC  CLF.N , $14.9, +3.76 pct 
    The coal miner issued an open letter to shareholders 
rejecting activist investor Casablanca Capital LP's claims 
against the current management.  ID:nHUG5SPkXf  
    The hedge fund, which wants to replace Cliffs Natural's 
chief executive, responded by asking shareholders to vote for 
its board nominees.  ID:nBw4PLQnfa  
     
    ** ELIZABETH ARDEN INC  RDEN.O , $22.13, -18.04 pct 
    South Korea's LG Household & Health Care Ltd  051900.KS  
said it is no longer interested in acquiring Elizabeth Arden 
after the U.S. cosmetics firm announced this week it would 
embark on extensive restructuring due to mounting losses. 
 ID:nL4N0P71GZ  
     
    ** AUXILIUM PHARMACEUTICALS INC  AUXL.O , $21.005, -1.06 pct 
    ** QLT INC  QLTI.O , $6.16, +14.08 pct 
    Drugmaker Auxilium said it would buy Canadian eye drug maker 
QLT  QLT.TO  in an all-stock deal to gain access to QLT's 
experimental treatment for retinal diseases caused by gene 
mutations. For QLT shareholders, the transaction represents a 25 
percent premium based on a calculation of the closing prices of 
Auxilium and QLT shares on the Nasdaq on June 25. 
 ID:nL4N0P72Y0  
     
    ** AGENUS INC  AGEN.O , $3.51, +2.33 pct 
    The biotechnology company reported promising data from 
mid-stage trial of its experimental vaccine for treating genital 
herpes. The company said more than half of those vaccinated 
developed a robust immune response.  ID:nBw2XrWj0a  
     
    ** ALCOA INC  AA.N , $14.94, +2.68 pct 
    The aluminum giant has agreed to acquire aircraft parts 
maker Firth Rixson from private equity firm Oak Hill Capital 
Partners for $2.85 billion in cash and stock, the company said 
on Thursday. The deal will grow Alcoa's aerospace segment, and 
boost the aluminum giant's production of nickel and titanium 
goods.  ID:nL2N0P70AK  
     
    ** C&J ENERGY SERVICES INC  CJES.N , $32.51, -0.91 pct 
    ** NABORS INDUSTRIES LTD  NBR.N , $29.09, +6.56 pct 
    Oilfield services provider Nabors will merge its well 
maintenance business with C&J Energy and receive $2.86 billion 
in cash and stock. After the deal, Nabors will own about 53 
percent of the combined company, which will be listed on the New 
York Stock Exchange as C&J Energy Services Ltd.  ID:nL4N0P64QY  
     
    ** BED BATH & BEYOND INC  BBBY.O , $56.48, -7.58 pct 
    The home goods retailer reported weaker-than-expected 
results and forecast. The company said it expects second-quarter 
earnings of $1.08-$1.16 per share, lower than average analyst 
estimate of $1.20. Two brokerages cut price targets on the 
company's stock, citing weak earnings. 
     
    ** PHILIP MORRIS INTERNATIONAL INC  PM.N , $86.48, -2.71 pct 
    The cigarette maker cut its earnings forecast for 2014 and 
said it is proving to be a "complex and truly atypical" year for 
the company. Philip Morris and its rivals are grappling with 
declining sales in a number of markets due to increasing 
government regulation and more health-aware consumers, as well 
as smuggling and an economic downturn.  ID:nL4N0P71U5  
 
 (Compiled by Amrutha Gayathri in Bangalore; Editing by Joyjeet 
Das) 
 
Keywords: MARKETS USA STOCKS/PULSE