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MARKET PULSE-MeadWestvaco, InContact, On Assignment, eHealth, Xoom

Fri, 15th Feb 2013 16:32

Feb 15 (Reuters) - Some U.S. stocks on the move on Friday:

WALL STREET EDGES UP ON DATA, S&P UP FOR SEVENTH WEEK

U.S. stocks rose slightly Friday with the S&P 500 gainingfor a seventh week in the wake of upbeat consumer sentimentdata, though thin trading and the modest rise showed acontinuing trend of a consolidating market after strong recentgains.

The Dow Jones industrial average rose 14.51 points or0.1 percent, to 13,987.9, the S&P 500 gained 1.44 pointsor 0.09 percent, to 1,522.82 and the Nasdaq Composite added 4.68 points or 0.15 percent, to 3,203.34.

** IPG PHOTONICS CORP $61.64, down 11 pct (0942 ET)

The specialized laser maker reported a quarterly profit thatmissed analysts' expectations as margins fell.

** HERBALIFE LTD, $44.85, up 17 pct (0935 ET)

Billionaire investor Carl Icahn said in a regulatory filingthat he owns 14 million shares, or 13 percent, of theweight-loss and vitamin company and signaled that he is ready tohelp put the company in play.

** XOOM CORP, $22.33, up 40 pct (1118 ET)

Shares of the online money transfer company soared in debut.The company offered 6.3 million shares at $16 each.

** ULTRA PETROLEUM CORP, $15.90, down 5.4 pct, (1115ET)

The natural gas producer reported a lower-than-expectedprofit for the fourth quarter on lower natural gas prices andthe company forecast 2013 production below expectations.

** ELLIE MAE INC, $22.38, up 7 pct (1124 ET)

The company, which makes software for the mortgage industry,posted a better-than-expected fourth-quarter profit as revenuesurged 60 percent, and the company guided first-quarter resultswell above Wall Street estimates.

** EHEALTH INC, $20.45, down 19 pct (1115 ET)

The private health insurance exchange forecast 2013 earningsof 61 cents to 71 cents per share on revenue of $168 million to$174 million.

Janney Capital analyst Richard Fetyko said the company couldface disruptions in the market in the fourth quarter of 2013 andthe first quarter of 2014, leading into the implementation ofthe Affordable Care Act.

He said carriers could temporarily pull some plans from themarket in response to guidelines from the Department of Healthand Human Services on the minimum benefits of health plans.

** TRANSOCEAN LTD, $57.22, down 3.5 pct (0935 ET)

A federal judge on Thursday accepted a guilty plea by therig contractor for violating the U.S. Clean Water Act along witha $400 million criminal fine for its role in the 2010 disasterat BP Plc's Macondo well.

Deutsche Bank downgraded the company's stock to "sell" from"hold," according to Streetinsider.com.

** WAL-MART STORES INC, $69.78, down 2 pct (0936 ET)

The company's British supermarket arm, Asda, said onThursday it had discovered horse DNA in its beef bolognese sauceand was withdrawing that product and three others from itsstores.

** QLIK TECHNOLOGIES INC, $26.80, up 17 pct (0937ET)

The business software maker's quarterly results beatanalysts' estimates on higher license sales mainly in theAmericas.

At least five brokerages raised the target price on thecompany's stock.

** ON ASSIGNMENT INC, $22.10, down 10 percent (0949ET)

The staffing company forecast first-quarter earnings in therange of 16 cents to 19 cents per share late on Thursday, wellbelow analysts' expectations of 23 cents per share, according toThomson Reuters I/B/E/S.

** GLEACHER & CO INC, $0.82, down 12 pct (0937 ET)

The investment bank said it agreed to sell its mortgagelending unit ClearPoint to Ocwen Financial Corp andended its search for a potential capital infusion or abuyer.

** LOGMEIN INC, $17.61, down 25 pct (0938 ET)

The remote-access software maker forecast first-quarterearnings below analysts' expectations on higher tax rate.

** MEADWESTVACO CORP, $34.90, up 10 pct (1043 ET)

Activist investor Nelson Peltz's Trian Fund Management LPbought about 1.6 million shares of the packaging company, itsaid in a filing on Thursday.

** INCONTACT INC, $7.23, up 20 pct (1021 ET)

The provider of cloud-based contact center solutionsreported fourth-quarter results that beat analysts'expectations, prompting brokerage Roth Capital Partners toupgrade the company's stock to "buy".

Atleast two other brokerages also raised its target price onInContact's stock.

** WABCO HOLDINGS INC, $71.92, up 5 pct (1102 ET)

The maker of braking and suspension systems said sales atits aftermarket business outperformed the global market for busand truck parts in the fourth quarter.

The company said sales at the business grew 9 percent in thequarter ended December, while global production of buses andtrucks fell.

Wabco's aftermarket business sells auto replacement parts torepair shops and fleet operators.

** BURGER KING WORLDWIDE INC, $17.13, up 3.8 pct(0938 ET)

The fast-food chain on Friday reported a 94 percent rise infourth-quarter profit as menu additions drove comparable salesgains in the United States and Canada.

** J.M. SMUCKER CO $93.35, up 1 pct (0939 ET)

The maker of Jif peanut butter and Folgers coffee reportedbetter-than-expected quarterly profit, helped by rising sales ofits higher-margin coffee K-Cups and peanutbutter.

** BEST BUY CO INC $16.33, up 4 percent (1042 ET)

The electronic retailer's shares are bouncing back afternews reports on Wednesday said founder Richard Schulze might notbe making a bid to take the company private, Sanford C.Bernstein analyst Colin McGranahan said.

"There is bullishness in the market about cost cuts andrestructuring that will be announced with the fourth quarternews," he said.

** TRW AUTOMOTIVE HOLDINGS CORP, $62.39, up 4 pct(0940 ET)

The auto parts supplier posted a stronger-than-expectedquarterly profit on Friday.

** NATIONAL FINANCIAL PARTNERS CORP $20.91, up 12percent (1026 ET)

The New York-based advisory and brokerage firm reported afourth-quarter profit that topped Wall Street estimates.

** BLACK DIAMOND INC, $8.09, down 3 pct (1055 ET)

Brokerage Oppenheimer cut its price target on the stock ofthe action sport equipment supplier to $11 from $12.

The company on Thursday said gross margins in the fourthquarter are expected fall to 36 percent from 39.2 percent lastyear, primarily due to a higher level of discount activity inresponse to a challenging start to the 2012 winter season.

** VF Corp, $156, up 2 pct (0941 ET)

The owner of clothing brands like The North Face, Wranglerand Lee, posted a bigger quarterly profit on Friday, as itsflagship brands grew in Asia and other markets, and the companyforecast a strong year ahead.

** GFI GROUP INC, $3.34, up 2.7 percent (1025 ET)

The brokerage services firm said it will appoint ColinHeffron as chief executive and posted an adjusted loss of 2cents per share for the fourth quarter.

** CBS CORP, $44.61, up 4 pct (0943 ET)

The company reported a 6 percent gain in fourth-quarterprofit on Thursday, boosted by political advertising on its TVnetworks and higher revenue from cable channel fees.

** ON ASSIGNMENT INC, $22.10, down 10 pct (0949 ET)

The staffing company forecast first-quarter earnings in therange of 16 cents to 19 cents per share late on Thursday. Thiswas well below analysts' expectations of 23 cents per share,according to Thomson Reuters I/B/E/S.

** B&G FOODS INC, $29.71, down 7 pct (0943 ET)

The company reported a fourth-quarter profit that missed analysts' expectations.

** INSIGHT ENTERPRISES INC, $19.61, down 4.3 pct(1025ET)

The technology distributor reported a 40 percent drop infourth-quarter profit on Thursday as sales fell in North Americaand the Asia Pacific.

** GENTHERM INC, $15.29, up 6 percent (1021 ET)

The maker of seat systems and cup holders said it would buyall the shares of WET Automotive Systems AG owned byDeutsche Balaton AG, the automotive thermal control andelectronic components maker's largest shareholder.

"The acquisition of the shares by Gentherm is a major stepin completing its acquisition of WET," the company said in astatement.

** KORN/FERRY INTERNATIONAL, $19.01, up 6 pct(1011ET)

Suntrust Robinson Humphrey raised its rating on theexecutive search company to "buy" from "neutral", according toStreetinsider.com.

** ABBVIE INC, $37.52, up 3 pct (1010 ET)

The pharmaceutical company, which was spun off in January byAbbott Laboratories, declared a cash dividend of 40cents per share and authorized a share repurchase program of upto $1.5 billion of its outstanding common stock.

** ARMOUR RESIDENTIAL REIT INC, $6.60, down 1.6 pct(0945 ET)

Deutsche Bank cut its rating on the real estate investmenttrust to "hold" from "buy", according to Benzinga.com.

** AGILENT TECHNOLOGIES INC, $43.31, down 3 pct (0945ET)

The medical device maker cut its outlook for 2013 afterreporting first-quarter results below analysts' estimates assales of its electronic instruments declined.

**RUTH'S HOSPITALITY GROUP INC, $7.96, up 2 pct(1023 ET)

Ruth's Hospitality reported fourth-quarter adjusted earningscomfortably above Wall Street estimates, helped by higher salesat its Chris Steak House restaurants.

** DATALINK CORP, $10, up 7 pct (0945 ET)

The company, which manages servers and networks, reported afourth-quarter profit that missed analysts' expectations.

** DIRECTV, $49.42, down 1.5 pct (0946 ET)

The satellite TV provider warned that Venezuela's recentcurrency devaluation will crimp its results this year and saidit was still considering buying Brazilian telecom operator GVT. (Compiled by Mridhula Raghavan in Bangalore)

More News
19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

Read more
19 Dec 2023 08:47

LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts

(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.

Read more
18 Dec 2023 18:18

Red Sea attacks force rerouting of vessels, disrupting supply chains

Houthis launched series of attacks, latest on Monday

*

Read more
18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

Read more
18 Dec 2023 16:55

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.

Read more
18 Dec 2023 12:52

Red Sea attacks force rerouting of vessels, disrupting supply chains

DUBAI, Dec 18 (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal.

Read more
18 Dec 2023 11:50

BP becomes latest to pause Red Sea shipments as attacks continue

(Sharecast News) - BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.

Read more
14 Dec 2023 07:43

LONDON BRIEFING: Eyes on BoE and ECB; US Fed signals 2024 rate cuts

(Alliance News) - Stocks are called to open higher on Thursday, after the US Federal Reserve chose not to surprise markets with its latest interest rate decision.

Read more
13 Dec 2023 23:16

Newcomer Elysian, Petrobras notch big wins in Brazil oil auction

RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.

Read more
13 Dec 2023 19:00

BP Energy wins oil auction for Brazil's Tupinamba block

RIO DE JANEIRO, Dec 13 (Reuters) - BP Energy on Wednesday won the auction for oil and gas production rights of the offshore block of Tupinamba in Brazil's Santos Basin.

Read more
13 Dec 2023 17:04

TOP NEWS: Ex-BP boss Looney to forfeit GBP32 million after misconduct

(Alliance News) - BP PLC on Wednesday said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".

Read more
13 Dec 2023 11:00

EV charger station firms battle for prime locations in Europe, US

LONDON/DETROIT, Dec 13 (Reuters) -

Read more
13 Dec 2023 09:15

LONDON BROKER RATINGS: Exane BNP cuts Shell; JPMorgan cuts WPP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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13 Dec 2023 08:56

LONDON MARKET OPEN: Stocks in green as all eyes on US Fed

(Alliance News) - Stock prices in London opened higher on Wednesday, despite some disappointing data about the UK economy, as well as pre-central bank decision nerves.

Read more
13 Dec 2023 06:00

EV charger station firms battle for prime locations in Europe, US

LONDON/DETROIT, Dec 13 (Reuters) -

Read more

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