U.S. Stocks on the Move-American Apparel, Willdan, Agile Therapeutics

ParkerVision

23/06/2014 18:44

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    U.S. stocks were little changed on Monday following a 
six-day rally in the benchmark S&P 500 and a mixed bag of global 
economic data. The Dow Jones industrial average  .DJI  was down 
0.21 percent at 16,911.81, the S&P 500  .SPX  was down 0.14 
percent at 1,960.11 and the Nasdaq Composite  .IXIC  was down 
2.07 points, or 0.05 percent, to 4,365.96.  .N  
     
    ** PARKERVISION INC  PRKR.O , $1.9771, -60.54 pct  
    A federal judge in Florida has overturned a jury verdict 
that had ordered Qualcomm to pay the chipmaker $173 million for 
infringing patents for technology used in smartphones. 
 ID:nL2N0P40IN  
     
    ** DISH Network Corp  DISH.O , $62.2, +1.48 pct  
    Citigroup raised its rating on the second-largest U.S. 
satellite TV company's stock to "buy" from "neutral," according 
to theflyonthewall.com. 
     
    ** AGILE THERAPEUTICS INC  AGRX.O , $11.1, +45.10 pct   
    At least four brokerages initiated coverage of the drug 
developer, which went public on May 23, 24/7wallst.com said.  (http://bit.ly/1qsS0UG) 
    William Blair analysts rated the stock "outperform" based on 
its lead development program, Twirla, a contraceptive patch. 
     
    ** NORDIC AMERICAN OFFSHORE LTD  NAO.N , $18.499, +11.78 pct 
   
    Private investor Leon Cooperman, CEO and sole stockholder of 
hedge fund Omega Advisors, reported a 21.8 percent stake in the 
operator of platform supply vessels.  ID:nEOL5xqdzD  
    Separately, Nordic American said it entered into a deal to 
buy two newbuilding PSVs for about $43 million each. The vessels 
will increase the company's fleet to 10 PSVs during the second 
and third quarters of 2015  ID:nHUG8CMVnS   
     
    ** WILLDAN GROUP INC  WLDN.O , $8.35, +13.92 pct     
    The consulting services provider said on Friday it expects 
annual contract revenue to grow up to 15 percent over next three 
years.  ID:nBwcgBqSja  
    Willdan said that it expects most growth to come from 
engineering services and energy efficiency services.      
     
    ** AMERICAN APPAREL INC  APP.A , $0.6702, -2.73 pct 
    Co-chairman Allan Mayer said the retailer was not for sale 
and the search for a new CEO to replace Dov Charney has 
generated "enormous interest".  ID:nL4N0P43S0  
     
     
    ** ADVANCED MICRO DEVICES INC  AMD.N , $3.93, -4.15 pct 
    ** NVIDIA CORP  NVDA.O , $18.71, -1.16 pct 
    Pacific Crest cut its rating on the chipmakers to 
"underperform", citing weak desktop demand and excess inventory. 
     
    ** AROTECH CORP  ARTX.O , $4.5401, -2.78 pct 
    The provider of defense and security products' said it 
expects 2014 revenue in the range of $105 million-$111 million, 
lower than the $117 million-$123 million it forecast earlier 
(ID:nPnf6JMT) 
     
    ** CLIFFS NATURAL RESOURCES INC  CLF.N , $14.767, +1.56 pct 
    The U.S. miner said it "proactively" offered to appoint two 
new independent directors identified by activist investor 
Casablanca Capital. Cliffs Natural Resources nominated nine 
directors to its 11-member board annual meeting scheduled for 
July 29.  ID:nHUG3LDNYM  
     
    ** SEQUENOM INC  SQNM.O , $3.62, +0.84 pct 
    William Blair raised the life sciences company's stock to 
"outperform" from "market perform". Sequenom was executing on 
multiple fronts and "a more secure cash situation" from sale of 
its genetic analysis business earlier this month, analysts said. 
     
    ** ROCKWELL MEDICAL INC  RMTI.O , $11.76, +5.66 pct 
    The drugmaker said it received FDA approval to start 
manufacturing its vitamin D injection, Calcitriol. 
 ID:nGNXVAWATa  
     
    ** MERITOR INC  MTOR.N , $12.8, -12.27 pct 
    ** EATON CORP PLC ,ETN.N>, $79.26, +2.19 pct 
    Eaton said it settled a lawsuit with ZF Meritor LLC - joint 
venture between truck parts maker Meritor and ZF Friedrichshafen 
AG - for $500 million.  ID:nBw1twwja  
     
    ** INVENSENSE INC  INVN.N , $22.41, +3.27 pct  
    Pacific Crest raised its target price on the motion-sensor 
chip maker's stock to $26 from $22.  ID:nWNBB04N1P  
    "We believe the 5.5" iPhone 6 smartphone camera will support 
OIS (optical image stabilization) and anticipate that will 
represent one of several opportunities at Apple that will 
benefit InvenSense," Pacific Crest analysts wrote in a note. 
     
    ** GALECTIN THERAPEUTICS INC  GALT.O , $15, +2.11 pct 
    ** The biotech company said that oral administration of its 
lead drug, GR-MD-02, in mouse model of fatty liver disease, 
shows significant disease improvement in preclinical study 
 ID:nGNXVAWANa  
     
    ** WILLIAM LYON HOMES  WLH.N , $27.02, +4.93 pct  
    The U.S. homebuilder entered Pacific Northwest by acquiring 
the residential homebuilding business of the largest private 
homebuilder in the region, Polygon Northwest, for $520 million 
in cash  ID:nBw9nt8kpa  
     
    ** NEOGENOMICS INC  NEO.O , $3.47, +14.52 pct    
    The gene-testing service company raised its second quarter  
revenue outlook to $20-$20.5 million from previous estimate of 
$18.8-$19.3 million due to strong volume growth in April and 
May, driven by increase in new customer accounts.  ID:nPn7Q2gXC  
     
    ** MERITOR INC  MTOR.N , $12.8, -12.27 pct  
    ** EATON CORP  ETN.N , $79.26, +2.19 pct  
    Diversified manufacturer Eaton settled a lawsuit with ZF 
Meritor LLC - joint venture between the truck parts maker and ZF 
Friedrichshafen AG - for $500 mln  ID:nBw1twwja  
    Meritor, whose shares have nearly doubled in past year, to 
get $209 mln as part of the settlement.  ID:nPn6t8GK3  ZF 
Meritor filed the lawsuit in 2006, saying Eaton violated 
antitrust laws by giving loyalty discounts in the form of 
rebates to truck makers who bought more than a certain 
percentage of parts from Eaton. 
    Keybanc Capital Markets analyst Brett Hoselton said in a 
note that investors are likely to view the settlement amount 
negatively as it is four to five times below what they had 
expected. 
         
    ** CURIS INC  CRIS.O , $1.7, +4.29 pct 
    The drug developer said partner Roche Holding AG  ROG.VX  
filed for an U.S. regulatory approval to start mid-stage trial 
on their lung disease drug.  ID:nL4N0P43CC  
         
    ** COACH INC  COH.N , $34.06, -1.93 pct 
    Wedbush downgraded the upscale retailer's stock to 
"underperform" from "neutral", citing worse near- and mid-term 
earnings than previously expected following the company's sales 
warning last week. "We are also concerned about the simultaneous 
renovation and upgrade of the store fleet as we question the 
investment given the secular trend towards digital... and 
Coach's assertion that retail store traffic will not likely 
improve for some time," analyst Corinna Freedman said and cut 
her price target to $26 from $40.  
     
    ** CORINTHIAN COLLEGES INC  COCO.O , $0.4216, +26.19 pct 
    The for-profit education provider said it reached an 
agreement with the U.S. Department of Education that would 
prevent it from having a cash shortfall. Corinthian said it 
would immediately receive $16 million in federal student aid 
funds earned through enrollments that will allow its students to 
continue their programs. The college operator said last week 
that its ability to continue as a going concern was in jeopardy 
after the department extended the waiting period to draw down 
federal student aid funds.  ID:nL4N0P434R  
 
    ** ACTAVIS INC  ACT.N , $221.78, +2.25 pct 
    JP Morgan resumed the Generic drugmaker's stock with an 
"overweight" rating. Analysts said they see a strong case for 
multiple expansion for Actavis shares, setting price target of 
$300. Actavis "has transformed itself into a leading global 
specialty pharma player," the analysts said. 
     
    ** ORACLE CORP  ORCL.N , $41.07, +0.61 pct 
    ** MICROS SYSTEMS INC  MCRS.O , $67.97, +3.35 pct 
    Oracle said it would buy Micros Systems in a $5.3 billion 
deal to expand its offerings for the hospitality and retail 
industries. The offer of $68 per share represents a premium of 
3.4 percent to Micros' Friday close. Micros shares have risen 14 
percent since Bloomberg reported on June 17 that the companies 
were in talks over a deal.  ID:nL4N0P433B  
     
    ** ABBVIE INC  ABBV.N , $53.81, +0.96 pct 
    The drugmaker, which is trying to buy London-listed Shire 
Plc  SHP.L , said it expects business performance to remain 
strong for the rest of the year and raised its full-year 
adjusted earnings forecast to $3.06-$3.16 per share from its 
prior forecast of $3.00-$3.10.  ID:nL4N0P436F  
     
    ** LULULEMON ATHLETICA INC  LULU.O , $41.44, +3.35 pct 
    Founder Chip Wilson turned to Goldman Sachs as he sought a 
board shakeup at the yogawear retailer, the Wall Street Journal 
reported. He may consider a proxy fight or joining a private 
equity firm in a buyout, the Journal said.  
    Wilson is working on building a team of advisers that will 
likely include Goldman, a source familiar with the situation 
told Reuters.  ID:nL4N0P435A  
     
    ** INTEGRYS ENERGY GROUP  TEG.N , $68.54, +12.45 pct 
    ** WISCONSIN ENERGY CORP  WEC.N , $45.43, -3.11 pct 
    Wisconsin said it would buy Integrys for $5.71 billion to 
create a larger, more diverse Midwest electric and natural gas 
delivery company.  ID:nL4N0P42YC  
     
    ** CENTRAL GARDEN & PET CO  CENT.O , $9.66, +7.33 pct 
    ** HARBINGER GROUP INC  HRG.N , $13.09, +1.00 pct 
     Harbinger offered to buy the retailer for $10 per share, or 
acquire its pet business for $750 million. The $10 offer 
represents a 11.1 percent premium to the stock's Friday close. 
Harbinger may increase the offer if Central Garden engaged in "a 
constructive dialogue" and grants access to diligence materials. 
 ID:nBw3JQswna  
 
 
Keywords: MARKETS USA STOCKS/PULSE