Aug 23 (Reuters) – Some U.S. stocks to watch on Thursday:
(For the Morning News Call newsletter click on http://link.reuters.com/nex49s)
WALL ST FALLS ON DATA, FED HOPES DIM
U.S. stocks fell on Thursday as expectations for swift
stimulus action from the Federal Reserve dimmed and Chinese and
euro zone data pointed to stalling global growth.
The Dow Jones industrial average were down 0.57
percent. The Standard & Poor’s 500 Index were down 0.46
percent. The Nasdaq Composite Index were down 0.69
percent. (1039 ET)
** ROSETTA GENOMICS LTD, $5.78, up 23 pct (1035 ET)
Brokerage Aegis Capital Corp initiated coverage on the
diagnostic tests maker with a “buy” rating, saying that the
company’s cancer test can become a market leader and could
represent a strategic asset for potential acquirers.
** BIG LOTS INC, $30.66, down 21 pct (1045 ET)
The close-out retailer reported a lower-than-expected
quarterly profit on higher costs and a loss at its Canadian
operations, and cut its full-year adjusted earnings forecast.
** HEWLETT-PACKARD CO, $17.91, down 7 pct (0930 ET)
A host of brokerages cut their price targets on the
company’s stock, after the No. 1 PC maker posted an $8.9 billion
loss and narrowed its full-year earnings outlook, echoing
concerns raised by rival Dell Inc about faltering
demand for PCs.
** GUESS INC, $27.50, down 18 pct (0930 ET)
The U.S. clothing maker slashed its full-year profit
forecast as the company resorts to discounts to clear excess
inventory.
Jefferies & Co cut its price target on the stock.
** A123 SYSTEMS INC, $0.37, down 4 pct (0931 ET)
The lithium-ion battery maker received notice from the
Nasdaq this week that its stock price is too low for exchange
standards and will be delisted if it does not recover to $1 in
the next six months.
** HAIN CELESTIAL GROUP INC, $66.40, up 17 pct
(0932 ET)
The company said it would buy Premier Foods Plc’s
sweet spreads and jellies business for 200 million pounds ($316
million) to expand in the United Kingdom.
Several analysts raised their target prices on the stock.
** PACIFIC SUNWEAR OF CALIFORNIA INC, $2.35, up 8.5
pct (0933 ET)
The company reported better-than-expected second-quarter
results.
Wedbush Securities Inc raised its target price for the
stock.
** DFC GLOBAL CORP, $18.55, down 7 pct (0935 ET)
The payday lender and pawnbroker reported a quarterly loss
and forecast full-year operating earnings largely below
analysts’ estimates.
** XOMA CORP, $3.08, down 4 pct (0935 ET)
The company filed for mixed shelf of up to $100 million.
{ID:nWNAB6748]
** INTERNATIONAL RECTIFIER CORP, $16.97, down 8 pct
(0936 ET)
The semiconductor maker posted a quarterly loss and forecast
first-quarter revenue well below analysts’ expectations on
slowing demand for its power management chips.
JMP Securities cut its target price for the stock.
** SYNOPSYS INC, $33.42, up 6 pct (0936 ET)
The company reported third-quarter earnings that beat
analysts expectations and forecast better-than-expected full
year earnings on Wednesday.
** KNIGHT CAPITAL GROUP, $2.78, up 0.36 pct (0937
ET)
The financial services firms that rescued Knight Capital
after its near-fatal software glitch earlier this month have
sold some of their preferred stock in the firm to retail online
broker Scottrade.
** JINKOSOLAR HOLDING CO LTD, $2.90, down 2 pct
(0937 ET)
The Chinese solar company reported a bigger-than-expected
quarterly loss on a sharp fall in selling prices but it forecast
higher panel shipments for the current quarter.
** PATTERSON COMPANIES INC, $34.02, down 5 pct
(0938 ET)
The company posted first-quarter earnings that missed
analysts expectations.
** A K STEEL HOLDING CORP, $5.74, down 3 pct (0939
ET)
Dahlman Rose & Co cut its rating for the stock to “sell”
from “hold.”
** FRED’S INC, $14.04, down 7.6 pct (1004 ET)
The company reported lower-than-expected quarterly earnings,
and forecast a fall in same store sales for the third-quarter.
** Ancestry.com, $30.48, up 1 pct (0940 ET)
Buyout firms, including Permira Advisers LLP and TPG Capital
LP, are now considering whether they should increase their
offers for the family-history research website, after their
previous bids were rejected, Reuters reported quoting sources.
** HERTZ GLOBAL HOLDINGS INC, $12.85, up 3.6 pct
(0941 ET)
** DOLLAR THRIFTY AUTOMOTIVE GROUP INC, $78.46, up 4
pct (1022 ET)
Hertz, trying to bring life to a stalled deal for Dollar
Thrifty has begun asking shareholders for the price at which
they would sell the company, Bloomberg News reported.
** TILLY’S INC, $18.61, up 12 pct (0946 ET)
The company reported increased second-quarter sales and
forecast better-than-expected full-year earnings.
Stifel Nicolaus upgraded the stock to “buy” from “hold” and
Roth Capital Partners raised its target price on the stock.
** FEDERATED INVESTORS INC, $21.73, up 5 pct (0949
ET)
A bid by Securities and Exchange Commission Chairman Mary
Schapiro to impose extra rules on the $2.4 trillion US money
market mutual funds industry was blocked by a majority of the
commission’s members.
** ADVANTAGE OIL & GAS LTD , $3.60, up 10
pct (0952 ET)
The company said it hired RBC Capital Markets to sell its
non-core assets and its full stake in Longview Oil Corp
.
** BROADWIND ENERGY INC, $2.05, up 10 pct (0955 ET)
The company said its common stock will begin trading on
split-adjusted basis from August 23.
** TOWERSTREAM CORP, $3.79, up 12 pct (0958 ET)
The company reported a rise in second-quarter revenue.
** VANGUARD HEALTH SYSTEMS INC, $10.05, up 6.6 pct
(1014 ET)
The company reported fourth quarter results that beat
analysts’ expectations, and forecast better-than-expected full
year earnings.
** SAFEWAY INC, $15.14, down 5 pct (1025 ET)
Jefferies & Co cut its rating for the stock to “hold” from
“buy,” and cut its target price for the stock.
** ADTRAN INC, $20.97, down 8 pct (1028 ET)
Credit Suisse downgraded shares of to “underperform” from
“neutral”, and cut the price target on the stock, Dow
Jones-owned MarketWatch said.
** CADENCE PHARMACEUTICALS INC, $4.25, up 6.6 pct
(1052 ET)
The company said the federal court of Delaware adopted a
majority of the pharmaceutical company’s patent definitions for
its pain and fever injection Ofirmev.
Cadence sued Perrigo Company, Paddock Laboratories
Inc and Exela Pharma Sciences LLC for the infringement of two
patents in Aug 2011. The trial date has been set for May 20,
2013.
(Compiled by Tej Sapru in Bangalore)
