INTC
Intel Corp.shares rose 6.9%. The company late Thursday
boosted its full-year revenue outlook on improved
demand for business PCs, saying it now expects
second-quarter sales between $13.4 billion and $14
billion. For the full year, the company now forecasts
“some revenue growth” versus previous estimates of no
growth.
 
EXPR
Express Inc. shares surged 27%. The retailer got a
boost late Thursday after the private-equity firm
Sycamore Partners expressed an interest in buying
Express, saying it would like to perform due diligence
that could lead to a fully financed offer, and
announced a 9.9% stake in the company.
 

IPO

ABY ABENGOA YIELD PLC
MRD MEMORIAL RESOURCE DEVELOPMENT CORP.
ASPN ASPEN AEROGELS INC
 

New day high in the last 30 minutes.

AUXL
 

Interest

YELP
GMCR
TWTR
GRPN
AAPL

bigstake.org 

In play
FB
Facebook–The social media giant is expanding the amount of information advertisers can access to target users, with the addition of external websites and mobile apps that its members use.
 
GERN
Geron–The FDA lifted a hold on a study involving the drug company's blood cancer treatment imetelstat. Patient enrollments had been stopped in March on concerns that the treatment might cause liver damage.
 
TIBX
Tibco Software—Tibco said It is focused on creating shareholder value and welcomes all constructive input. The statement was issued in response to a letter from Tibco shareholder Praesidium Investment Management, which said there is substantial opportunity to unlock value.

IPO

SGNL SIGNAL GENETICS LLC
NAO NORDIC AMERICAN OFFSHORE LTD.
TSE TRINSEO S.A.
MOBL MOBILEIRON, INC.
ZPIN ZHAOPIN LTD
 

New day high in the last 30 minutes.

CNAT
BDSI
 

Interest

GTAT
SYNA


bigstake.org 

CNX
Consol Energy–Goldman Sachs raised its rating on Consol to «buy» from «neutral», while cutting its rating on Peabody Energy to «neutral» from «buy.» The firm said Consol is benefiting from increased production, while Peabody is being hurt by falling coal prices.
 
HTZ
Hertz (HTZ) says it has determined that at least one material weakness existed in its internal controls over financial reporting.The disclosure is included in a new SEC filing in which the company says financial statements dating back to fiscal year 2011 may need to be adjusted after a «thorough» review.SEC Form 8-KHTZ -8.4% premarket
 

Earnings

PAY
Verifone–Verifone reported fiscal second quarter profit of 37 cents per share, excluding certain items, five cents above estimates, with revenue above forecasts as well. The maker of credit card swipe machines did forecast current quarter earnings below current consensus, but many U.S. retailers are expected to continue to upgrade their credit card equipment.
 
DMND
Diamond Foods–The food producer earned 11 cents per share for its third quarter, excluding items, missing estimates by six cents. Weakness in its nut business contributed to the miss, although Diamond said it was pleased with its snack segment, which includes the Pop Secret popcorn brand.
 

IPO

RDUS RADIUS HEALTH, INC.
ANET ARISTA NETWORKS, INC.
WLRHU WL ROSS HOLDING CORP.
 

New day high in the last 30 minutes.

FNSR
GD
 

Penny stock

SEAC
 

Interest

GWPH

BRCM
Broadcom–The chip maker is exploring strategic alternatives for its cellular baseband business, and has hired JPMorgan Chase in conjunction with that effort.
 
CONN
Conn’s Inc. shares jumped 8.3%. The retailer, which sells furniture, mattresses and other consumer goods, said Monday its first-quarter profit and sales topped expectations. The company said it continues to expect adjusted per-share earnings of $3.40 to $3.70 on same-store sales growth of 5% to 10% for fiscal year 2015.

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LNG
CL
PEP
 
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DDD
EMES
MTZ
LGF


Week stock
ARWR
CCIH
CLDX
DWCH
ECOM
RNA
TKMR
 

TWTR
Twitter–The microblogging site's senior vice president of engineering Christopher Fry has resigned from that position, although he will remain in an advisory role. The resignation was revealed in an SEC filing, which did not give a specific reason.
ANN
Margin crunch at Ann
Ann reports comparable-store sales fell 1.8% in FQ1.Sales by brand: Ann Taylor $150.7M; Ann Taylor Factory $69M; Loft $306M; Loft Outlet $64M.The company's gross margin rate dropped 240 bps to 53.4% due to a higher level of promotions at Loft and an increased mix of factory outlet channels.Store count +43 to 1,032.Guidance for FY14 revenue is set at $2.61B vs. $2.62B consensus.ANN +4.3% premarket. Shares had dropped over the last two sessions on earnings anxiety.
CRM
Salesforce.com Inc. shares rose 2.3%, leading the S&P 500 in premarket trade. The company and Microsoft Corp. late Thursday announced a strategic partnership linking Salesforce’s customer relationship management services to Microsoft Office and Windows. The companies didn’t disclose the terms of the deal. “We are excited to partner with salesforce.com and help customers thrive in a mobile and cloud-first world,” said Satya Nadella, chief executive of Microsoft.
 
Earnings
BIG
Big Lots– The discount retailer reported first quarter profit of 50 cents per share, excluding certain items, six cents above estimates. Big Lots also raised its forecast for the full year as its sales increase.
EXPR
Express–The retailer posted first quarter profit of six cents per share, eight cents below estimates. Sales fell short of forecasts as well, as does the company's current quarter earnings forecast. The company said its spring inventory sold slowly, and the specialty apparel chain's Memorial Day promotion did not drive traffic as successfully as last year.


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Today Movers
ICPT
Intercept set for modest gap up
Shares of Intercept Pharmaceuticals are up 7% premarket on light volume in response to the FDA's fast track designation for OCA as a treatment for primary biliary cirrhosis
 
DLTR
Dollar Tree–The discount retailer's stock was upgraded to «buy» from «neutral» at Sterne Agee, which also downgrade competitor Dollar General to «neutral» from «buy.» The firm points to new initiatives by Dollar Tree to drive sales and better protection for its profit margins compared to its competitors.
 
TWTR
Twitter–Cantor Fitzgerald raised its rating on Twitter to «buy» from «hold,» a day after Nomura Securities upgraded its Twitter rating to «buy.» Cantor cites both the passing of the recent lockup expiration, as well as this year's pullback in Twitter's stock price.
 
INFY
Infosys–Company president B.G. Srinivas has resigned, becoming the 10th senior executive to leave the information technology services company in the past year.
 
New day high in the last 30 minutes.
TWTR
SYNA
JMEI
 
Penny stock
VVUS
TLYS
S
BBRY
 
Interest
DDD
JD
TMUS

HSH PF
Hillshire Brands–Pilgrim's Pride proposed an acquisition of Hillshire for $45 per share in cash or $6.4 billion. That comes just two weeks after Hillshire announced a $4.3 billion cash-and-stock deal to buy Pinnacle Foods.
 
AZN PFE
AstraZeneca—Pfizer said it would not make a formal offer to buy its rival drug maker. AstraZeneca had said that Pfizer's most recent informal bid still undervalued the company.
 
DRTX
Shares of Durata Therapeutics are off 23% premarket on modest volume in apparent profit-taking after the pre-Dalvance approval run-up over the past 30 days when shares popped ~45% from the April 14 low of $11.68.
 

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YOKU
ISIS
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