Market Pulse: Gold miners, Tivo, Lamar, JinkoSolar, Quiksilver, Textura

Rosetta Genomics

07/06/2013 16:06

(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/ryz68t) June 7 (Reuters) - Some U.S. stocks on the move on Friday: WALL ST ADDS TO GAINS, DATA SHOWS FED SUPPORT NEEDED  U.S. stocks extended gains on Friday after a jobs report suggested the economy still needs the Federal Reserve's support, soothing concerns that the Fed might end its stimulus efforts sooner than expected. The Dow Jones industrial average  .DJI  gained 1.01 percent. The Standard & Poor's 500 Index  .SPX  rose 0.99 percent. The Nasdaq Composite Index  .IXIC  climbed 0.79 percent.  .N  ** TEXTURA CORP  TXTR.N , $24.00, up 58.3 pct (1028 ET) Shares of Textura, which makes software for the construction industry, rose as much as 68 percent in market debut, valuing the company at about $540 million.  ID:nL3N0EI26R  ** FIRST SECURITY GROUP INC  FSGI.O , $1.95, down 56 pct (0935 ET) The bank holding company of FSGBank said the U.S. Securities and Exchange Commission has allowed some of its shareholders to resell up to 60.73 million shares to enable a secondary offering. First Security has about 62.42 million outstanding shares.  ID:nBw9QZz5sa  ** QUIKSILVER INC  ZQK.N , $6.61, down 14 pct (1022 ET)    ** HECLA MINING CO  HL.N , $.69, down 2 pct (1027 ET) ** BARRICK GOLD CORP  ABX.N , $20.52, down 3 pct (1019 ET) ** YAMANA GOLD INC  AUY.N , $11.65, down 3 pct (1025 ET) ** ANGLOGOLD ASHANTI LTD  AU.N , $17.11, down 4 pct (1019 ET) ** MCEWEN MINING INC  MUX.N , $2.57, down 4 pct (1020 ET) ** FIRST MAJESTIC SILVER INC  AG.N , $11.34, down 2 pct (1019 ET) ** ENDEAVOUR SILVER CORP  EXK.N , $4.27, down 3 pct (1020 ET) ** KINROSS GOLD CORP  KGC.N , $6.44, down 2 pct (1019 ET) ** NEWMONT MINING CORP  NEM.N , $34.28, down 2 pct (1020 ET) Gold fell more than 2 percent on Friday after U.S. payrolls data beat expectations, supporting hopes that the recovery of the world's biggest economy is still on track, which may quicken the end of the Federal Reserve's ultra-loose monetary policy. Spot gold  XAU=  was down 1.9 percent at $1,387.10 an ounce at 1329 GMT, while silver  XAG=  was down 2.7 percent at $21.96 an ounce.  ID:nL3N0EJ1XS      ** IRON MOUNTAIN INC  IRM.N , $28.55, down 17 pct (0940 ET)  ** LAMAR ADVERTISING CO  LAMR.O , $42.68, down 6 pct (0940 ET)    ** EQUINIX INC  EQIX.O , $189.28, down 7 pct (0940 ET) The Internal Revenue Service (IRS), which is examining the standards it uses to define "real estate" for purposes of the REIT (real estate investment trust) provisions, informed Iron Mountain that it has a "tentatively adverse" view on the company's racking facilities constituting real estate, the document storage company said in a filing on Thursday. (http://r.reuters.com/pyz68t) In addition, billboard operator Lamar and data center operator Equinix also said on Friday that they were advised by the IRS that it was re-examining its standards used to define "real estate" for the purpose of REIT conversion. (http://r.reuters.com/hyz68t) (http://r.reuters.com/jyz68t) Shares of media conglomerate CBS were also down on the news. In January, the company had said it will convert part of its billboard division into a REIT.  ID:nL4N0AM8AE  ** WATERSTONE FINANCIAL INC  WSBF.O , $9.08, up 15.2 pct (1027 ET) The holding company of WaterStone Bank SSB said Lamplighter Financial MHC will sell its majority ownership stake and allow it to convert into fully public stock holding company. ID:nPnAQ27969  ** JINKOSOLAR HOLDING CO LTD  JKS.N , $9.75, up 16 pct (0941 ET) The solar panel maker reported a smaller first-quarter loss on higher shipments and improved margins.  ID:nL3N0EJ2O3  ** TIVO INC  TIVO.O , $11.22, down 18.3 pct (0947 ET) Video recorder pioneer TiVo said it would receive $490 million after settling a patent lawsuit with Google Inc's GOOG.O  Motorola Mobility, Cisco Systems Inc  CSCO.O  and Time Warner Cable Inc  TWC.N , days before the case was to go to trial. But TiVo shares fell in trading as the settlement disappointed shareholders expecting a bigger payout. ID:nL1N0EJ0HH  ** CHEMTURA CORP  CHMT.N  $21.47, down 4 pct (1100 ET) The specialty chemicals maker said on Thursday it expects lower operating income at its industrial engineered products division in 2013. The business, which makes flame retardants used in insulation foams, contributed a third of the total revenue in the quarter ended March.  ID:nBw4HVByJa  Brokerage Oppenheimer and Co downgraded the rating of the stock to "underperform" from "perform" on Friday.  ** THOR INDUSTRIES INC  THO.N  $45.40, up 10 pct (1054 ET) The company on Thursday reported third-quarter profit above Wall Street estimates, boosted by higher demand for its recreational vehicles.  ID:nPnDE27903  ** ROSETTA GENOMICS LTD  ROSG.O , $4.43, up 14 pct (0941 ET) The diagnostic test maker said it had entered into a deal that would help its cancer test to be used by greater number of patients.  ID:nPnNE28219  Rosetta signed an agreement with a managed care organisation with more than 10 million members nationwide. The deal can help to increase the cancer test's reimbursement coverage. ** JAMES RIVER COAL CO  JRCC.O , $2.52, down 12 pct (1028 ET) Analysts at Raymond James downgraded the coal producer's rating to "underperform" from "market perform", citing expectations for lower metallurgical coal prices.  ** BOULDER BRANDS INC  BDBD.O , $11.05, up 8 pct (1046 ET) Imperial Capital initiated coverage on the food products maker with an "outperform" rating and a $16 price target, citing the company's position as a leading natural foods manufacturer and its leadership position in the gluten-free segment. ** GAMESTOP INC  GME.N , $36.53, up 5 pct (0940 ET) Microsoft Corp  MSFT.O  said in a statement on Thursday that it won't charge a platform fee to retailers, publishers, or consumers for enabling transfer of their old disc-based games. (http://r.reuters.com/hub78t) After Microsoft launched the Xbox One game console, there had been a lot of speculation about whether or not it would block used games, Wedbush Securities analyst Michael Pachter said. Investors might be considering Microsoft's move to not block used games as positive news for the world's largest retailer of videogame products, he said. ** ABERCROMBIE & FITCH CO  ANF.N , $51.7, up 4 pct (1033 ET) BofA Merrill Lynch raised its rating on the apparel retailer's stock to "buy" from "neutral," according to theflyonthewall.com. ** FLOW INTERNATIONAL CORPORATION  FLOW.O , $3.83, down 5 pct (1049 ET) The maker of waterjet machines said it is evaluating a potential sale of the company, among other strategic alternatives. The company also reported preliminary fourth-quarter results which missed analysts' expectations. ID:nGNXUXYNRa   ** CHRISTOPHER & BANKS CORP  CBK.N , $7.59, up 11 pct (0931 ET) The women's clothing retailer reported first-quarter results that beat market estimates, helped by an improved gross margin and a 23.4 percent rise in same-store sales.  ID:nBw9NQpnha  ** NEXTERA ENERGY INC  NEE.N , $77.39, up 1.4 pct (0831 ET)  NextEra's 839-megawatt Unit 2 at the Saint Lucie nuclear power plant in Florida ramped up to full power by early Friday from 86 percent power early Thursday, the U.S. Nuclear Regulatory Commission said in a report.  ID:nEMS16C8CU  ** QUICKSILVER INC  ZQK.N , $6.53, down 15 pct (0943 ET)    The casual apparel retailer reported second-quarter results that widely missed Wall Street estimates, hurt by sharp declines in sales in Europe and Asia.  Sales in Europe, which contributes more than a third to the total revenue, fell 16 percent while Asian sales fell 14 percent in the quarter.  ID:nBw065659a  ** REALD INC  RLD.N , $14.96, up 6 pct (0943 ET)    The 3D technology licensor posted a narrower-than-expected quarterly loss as product margins were better than expected. Revenue too came in ahead of Wall Street estimates. ID:nBw3mw5Nma  Stifel Nicolaus analyst Benjamin Mogil raised his price target on RealD's stock to $20 from $19, and said strong cost controls will pay off in 2014. RealD also said it extended its deal with Latin America-based cinema exhibitor Cinepolis, under which Cinepolis plans to equip at least 400 additional auditoriums for a minimum of 1,200 RealD equipped screens across Latin America, the U.S. and India.  ID:nBw2ldwRka  ** NRG ENERGY INC  NRG.N , $26.98, up 5.2 pct (1049 ET) The power generator's business, NRG Yield, filed with U.S. regulators to raise up to $400 million in an initial public offering of class A shares. It did not disclose the number of shares it planned to sell or the expected price range. ** SEARS HOMETOWN AND OUTLET STORES INC  SHOS.O , $50.93, down 3.3 pct (1040 ET) The home appliance, hardware and tools retailer's first-quarter sales fell 3.2 percent, hurt by unseasonably cold weather in February and March. Same-store sales fell 5 percent in the quarter ended May 4.  ID:nPnCG28072  ** AIRCASTLE LIMITED  AYR.N , $15.24, up 3 pct (0945 ET) Japan-based Marubeni Corporation bought a 15.25 percent stake in the aircraft leasing company. Marubeni will have the right to designate two directors to the board of Aircastle. ID:nPnNY27929  ** PEABODY ENERGY CORP  BTU.N , $18.45, down 2.4 pct (1032 ET) Analysts at Raymond James downgraded the coal producer's rating to "market perform" from "outperform", citing expectations for lower metallurgical coal prices.  However, analysts said the company remains in a better position compared to its met-coal producing peers given its leverage to the Asian markets and the relatively stronger U.S. thermal basins. ** GAP INC  GPS.N , $41.89, up 2.3 pct (0945 ET) Gap reported same-store results on Thursday which were lifted by brisk sales at its namesake chain and at lower-price chain Old Navy, with companywide same-store sales up 7 percent, well above expectations.  ID:nL1N0EI0R0  ** ELAN CORP PLC  ELN.N   ELN.I , $13.31, up 5 pct (0946 ET) Royalty Pharma  ROYPH.UL  raised its hostile bid for Irish drug firm Elan ELN.I to a potential $8 billion on Friday, after just 7.5 percent of the target company's shareholders accepted its previous offer. ** THE COOPER COMPANIES INC  COO.N , $117.93, up 4 pct (0947 ET)    The contact lens maker reported a better-than-expected second quarter profit and provided full-year profit outlook above market expectations.  ID:nGNXmvxCK  Adjusted income for the quarter ended April 30 rose 34 percent to $1.50 per share. Analysts had expected a profit of $1.38 per share, according to Thomson Reuters I/B/E/S. (Compiled by Sruthi Ramakrishnan; Editing by Sreejiraj Eluvangal) ((sruthi.ramakrishnan@thomsonreuters.com)(Within U.S.+1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging: sruthi.ramakrishnan.thomsonreuters.com@reuters.net)) Keywords: MARKETS USA STOCKS/PULSE