MARKET PULSE-Yoku Tudou, Salix Pharma, KBR, Central European Media

Sat, 01 Mar - 12:17am

(For more market insights, including options activity, click on

Href="NewsSearch">STXNEWS/US ; for the Day Ahead newsletter Href="Link">http://link.reuters.com/mex49s;

for the Morning News Call newsletter, Href="Link">http://link.reuters.com/nex49s)

U.S. stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth. Dow Jones industrial average futures DJc1 were down 0.04 percent at 16,266, S&P 500 futures SPc1 were down 0.02 percent at 1,853.5 and Nasdaq 100 futures NDc1 were down 0.05 percent at 3,699.5.

Href="NewsSearch">.N

** ENDOLOGIX INC ELGX.O , Thursday close $17.87, -25.57 pct premarket

The medical device maker forecast full-year revenue below the average analyst estimate due to slow growth in device sales in the United States. News Search ID:nL3N0LW65W

** NII HOLDINGS INC NIHD.O , Thursday close $2.575, -46.41 pct premarket

The telecom service provider reported a 17 percent drop in fourth-quarter revenue, hurt by a net loss of 247,000 subscribers. The company said its decision to modify its deactivation policy resulted in a higher level of prepaid subscriber deactivation, particularly in Mexico. News Search ID:nPn9KphHM

** CENTRAL EUROPEAN MEDIA ENTERPRISES CETV.O , Thursday close $2.71, +23.62 pct premarket

The loss-making television broadcaster CETV.PR said on Friday that it had reached an agreement with its main shareholder, Time Warner TWX.N , to secure the company's financing needs. "We are seeking to raise up to approximately $545.0 million in new indebtedness through these transactions to enable us to refinance the 2016 Fixed Rate Notes and for general corporate purposes," the company said in a regulatory filing.

News Search ID:nP7E8LP00I

** OMNIVISION TECHNOLOGIES INC OVTI.O , Thursday close $16.2, +14.69 pct premarket

The digital imaging chipmaker posted better-than-expected third-quarter results, helped by stronger demand for its PureCel sensors. The company also forecast fourth-quarter profit and revenue largely above the average analyst estimate.

News Search ID:nPnb06lg4

** KBR INC KBR.N , Thursday close $31.94, -11.87 pct premarket

The engineering company reported a lower-than-expected profit because it could not close a deal to build two liquefied natural gas projects in the fourth quarter, as it had previously expected to. The company said it expects to earn between $1.75 and $2.10 per share in 2014, much lower than the average analyst estimate of $2.69 per share, according to Thomson Reuters I/B/E/S. News Search ID:nHUG5ZjkxJ

** MERCADOLIBRE INC MELI.O , Thursday close $94.23, +12.69 pct premarket

The Argentina-based e-commerce company posted better-than-expected quarterly results helped by a 30 percent jump in sales. News Search ID:nGNXUZYBNa

** JOS. A. BANK CLOTHIERS INC JOSB.O , Thursday close $60.3, +3.81 pct premarket

** MEN'S WEARHOUSE INC MW.N , Thursday close $50.42, +4.11 pct premarket

Jos. A. Bank rejected Men's Wearhouse Inc's revised takeover offer calling it inadequate, but said it was willing to talk with its larger rival about a higher bid. News Search ID:nL1N0LW2YQ

** COMPUGEN LTD CGEN.O , Thursday close $14.2, -21.13 pct premarket

The Israeli drugmaker CGEN.TA said on Thursday that it commenced an underwritten public offering of its ordinary shares. Jefferies LLC is acting as the sole bookrunner for the proposed offering. News Search ID:nBw4g5YxPa

** DECKERS OUTDOOR CORP DECK.O , Thursday close $84.67, -12.48 pct premarket

The shoe maker, on Thursday, forecast a surprise loss for the first quarter due to higher expenses. News Search ID:nPn8KVCtG

At least five brokerages cut their price targets on the company's stock.

** YOUKU TUDOU INC YOKU.N , Thursday close $30.86, +13.09 pct premarket

The Chinese internet television company, on Thursday, reported a 42 percent jump in fourth-quarter revenue, which beat the average analyst estimate due to higher video mobile traffic.

News Search ID:nPn979zXC

** YUME INC YUME.N , Thursday close $7.66, -20.37 pct premarket

The video advertising service provider's fourth-quarter revenue missed Street estimates and it forecast 2014 revenue below analysts' expectations. News Search ID:nBw7zv8yta

Brokerage Citigroup downgraded Yume's stock to "neutral" from "buy," according to theflyonthewall.com.

** NIMBLE STORAGE INC NMBL.N , Thursday close $53, +7.00 pct premarket

The company reported a smaller-than-expected fourth-quarter loss as revenue doubled due to strong demand for its hybrid data storage services. News Search ID:nPn1WWvYC

At least two brokerages raised their price targets on Nimble's stock.

** SALIX PHARMACEUTICALS LTD SLXP.O , Thursday close $109.84, +7.34 pct premarket

The drugmaker posted a better-than-expected fourth-quarter profit helped by strong sales of its liver drug Xifaxan.

News Search ID:nBw9jk6K7a

At least five brokerages raised their price targets on the company's stock.

** VAALCO ENERGY INC EGY.N , Thursday close $7.1, -9.01 pct premarket

The oil and gas company said late on Thursday that it would plug and abandon an exploration well in Dimba, offshore Gabon, after it did not recover reserves of any commercial value there.

News Search ID:nPnbYFCpx

** CHUY'S HOLDINGS INC CHUY.O , Thursday close $42.1, -7.36 pct premarket

The restaurant operator reported on Thursday fourth-quarter revenue that missed the average analyst estimate, due to the impact of an ice storm in early December. News Search ID:nBw6mddlba

** GALENA BIOPHARMA GALE.O , Thursday close $3.85, +10.39 pct premarket

The company said it has received a "notice of acceptance" from the Australian Patent Office for a patent for its experimental cancer vaccine NeuVax. The patent protection for NeuVax, currently being tested in a late-stage study for breast cancer, runs until 2028. News Search ID:nGNXUZYHZa

** RENEWABLE ENERGY GROUP INC REGI.O , Thursday close $11.89, +8.49 pct premarket

The biodiesel producer posted better-than-expected fourth-quarter results, boosted by a 90 percent increase in biodiesel sales. Quarterly revenue rose 68 percent to $390.6 million, the company said late on Thursday. News Search ID:nBw6d73LKa

** HALOZYME THERAPEUTICS INC HALO.O , Thursday close $16.02, -3.87 pct premarket

The drugmaker reported a bigger-than-expected fourth-quarter loss due to high expenses related to clinical trial costs and marketing spends. News Search ID:nPn9JJPy4

** MAGIC SOFTWARE ENTERPRISES LTD MGIC.O , Thursday close $9.488, -7.25 pct premarket

The Israeli business integration software maker MGIC.TA said on Thursday that it intends to offer and sell ordinary shares of the company in a public offering. News Search ID:nPnbSby7R

** MECHEL OAO MTL.N , Thursday close $1.88, -10.64 pct premarket

Shares of the indebted Russian coal miner and steelmaker

MTLR.MM collapsed by more than a third in Moscow on Friday. Mechel, which invested heavily in expansion before the 2008 financial crisis forced it to borrow heavily to support itself, blamed the slump on speculation, saying the company's financial position was stable. Two traders and two analysts said the move was probably caused by a so-called margin call, in which a bank sells shares held as security against loans. The low liquidity of Mechel's shares in Moscow exaggerated the move, they added.

News Search ID:nL6N0LX104

** SALESFORCE.COM INC CRM.N , Thursday close $66.22, +0.92 pct premarket

The world's biggest maker of online sales software raised its full-year revenue forecast and said it aims to improve its adjusted operating margin, after quarterly revenue grew more than expected on strong sales at ExactTarget, an email marketing firm it acquired in June. News Search ID:nL3N0LW5EC

** COLONY FINANCIAL INC CLNY.N , Thursday close $22.74, -2.73 pct premarket

The real estate investment firm said it had priced its enlarged offering of 13 million shares of common stock, but did not offer details. The company plans to use the proceeds for debt repayment, working capital and general corporate purposes.

News Search ID:nBw961ylSa

** NOVAVAX INC NVAX.O , Thursday close $6.65, +6.02 pct premarket

The biopharmaceutical company said it extended the base period of its contract with the U.S. Department of Health and Human Services, enabling it to receive the remainder of its $97 million in funding until September, from the original period ending February. News Search ID:nGNXUZYEOa

The contract was awarded in February 2011 by the Biomedical Advanced Research and Development Authority to develop seasonal and pandemic influenza vaccines.

** UNITED CONTINENTAL HOLDINGS INC UAL.N , Thursday close $46.51, -2.43 pct premarket

United Airlines, which is operated by United Continental, cut its first-quarter forecast for system available seat miles, which represent the capacity of an airline, due to severe winter weather across the United States forcing the company to cancel more than 22,500 flights in the first two months of 2014.

News Search ID:nEOL9PKyBs

** MATTEL INC MAT.O , Thursday close $37.15, +0.54 pct premarket

The world's No. 1 toymaker said it agreed to buy Canada's Mega Brands Inc MB.TO for about $460 million, including debt, to expand its construction and arts and crafts offerings. Mattel, known for its Barbie and Hot Wheels brands, offered C$17.75 per Mega Brands share, representing a premium of 36 percent to the stock's Thursday close. News Search ID:nL3N0LX3LO

** SOTHEBY'S BID.N , Thursday close $50.37, -2.32 pct after market

Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at the auction house, with the goal of winning three board seats after the company's promise to return $450 million to shareholders failed to appease activist investors.

News Search ID:nL3N0LW4WO

** MYLAN INC MYL.O , Thursday close $56.27

The U.S. generic drugmaker provided a 2014 forecast above the average analyst estimate and said it planned a major transaction this year that would add to future earnings.

News Search ID:nL1N0LW26D

** APPLE INC AAPL.O , Thursday close $527.67

A German court on Friday dismissed a lawsuit filed against Apple by German patent manager IPCom claiming 1.57 billion euros ($2.15 billion) in damages. News Search ID:nWEB00JGG

** GAP INC GPS.N , Thursday close $43.68, -0.41 pct premarket

The fashion company reported on Thursday a higher-than-expected holiday quarter profit, helped by January sales gains, but said it expected unfavorable currency exchange rates to hit its full-year profit. News Search ID:nL1N0LW2HC

** FREEPORT-MCMORAN COPPER & GOLD FCX.N , Thursday close $33.47, -1.25 pct premarket

The U.S. miner said its Indonesian unit may need to declare force majeure on copper concentrate sales if a dispute with the government over export taxes drags on for a prolonged period. Freeport and fellow U.S. miner Newmont Mining Corp NEM.N have refused to pay an escalating export tax introduced last month as part of package of new mining rules aimed at forcing miners to build smelters and process raw materials in Indonesia.

News Search ID:nL3N0LX0RP

** RIVERBED TECHNOLOGY INC RVBD.O , Thursday close $20.65

The network gear maker rejected Elliott Management's unsolicited bid to buy the company for $3.36 billion, saying the hedge fund's offer undervalued the company. News Search ID:nL3N0LX4HK

** JAMES HARDIE INDUSTRIES PLC JHX.N , Thursday close $61.619

The world's biggest fiber cement products maker said on Friday that it would pay a special dividend to investors as it booked a 64 percent rise in third-quarter profit thanks to the stronger U.S. housing market. News Search ID:nL3N0LW5Z9

** PEPSICO INC PEP.N , Thursday close $79.07

The soda maker said its board had again rejected activist investor Nelson Peltz's renewed call to split the company's beverage business from its flourishing snacks division. Ian Cook, presiding director of the company's board, said in a letter to Peltz on Thursday that the board and management were "comfortable" and in "complete alignment" in rejecting his proposal. News Search ID:nL3N0LW5VE

** MORGAN STANLEY MS.N , Thursday close $30.36

The U.S. investment bank said Gokul Laroia will become co-chief executive for the Asia-Pacific region, replacing William Strong who will retire from the firm in May, according to an internal memo obtained by Reuters on Friday.

News Search ID:nL3N0LX1AY

** BLACKROCK INC BLK.N , Thursday close $305.81

The world's largest money manager has named former NYSE Euronext executive Philippe Matsumoto as treasurer and head of corporate insurance, the New York-based company said on Thursday. News Search ID:nL1N0LW2AH

** GENERAL MOTORS CO GM.N , Thursday close $36.77

** FORD MOTOR CO F.N , Thursday close $15.39

The U.S. automakers, this week, ramped up deep discounts on many of their U.S. models, extending those offers through March in an effort to lure customers back into winter-ravaged showrooms. Some of the heaviest discounts are being offered by Ford and Chevrolet dealers on full-size pickups. News Search ID:nL1N0LW1HY

** ATLANTIC POWER CORP AT.N , Thursday close $2.51, +5.58 pct premarket

The power company ATP.TO expects adjusted core earnings of its projects to grow 8 percent this year, as the company ramps up investments in power projects. "We...have now committed to $27 million of organic growth investments through 2014...," Chief Executive Barry Welch said.

Keywords: MARKETS USA STOCKS/PULSE

URN: 
urn:newsml:reuters.com:20140228:nL3N0LX4FX:5
Topics: 
EEU MEAST ENR CAFE AIR RTRS GDM ITSE MEDQ DRU MRCH MEMI STEE RET US RES IND IL CYCS WLES HDWR SHOE WEU STL RETA HARW EXPL AIRL ELI REA PHAG CMPNY CA RSPC PREC PUB DPR BUS REIR TEL WWW MUL TEX REC EUROPE COEN BCST MET EUROP WHO EMRG LEN RU REFI CHIP LEI SOFW PLAY MAC SFWR

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com