MARKET PULSE-Alcoa, Chevron, Wal-Mart, Google, Amazon, BP, MasterCard

Reuters - UK Focus

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Wall Street dropped at the open on Friday and was set forits first monthly decline since August, hurt byweaker-than-expected inflation data in the euro zone and ongoingconcerns about turbulence in emerging markets. The Dow Jonesindustrial average was down 1.40 percent at 15,626.74,the S&P 500 was down 1.03 percent at 1,775.66 and theNasdaq Composite was down 0.96 percent at 4,083.451.

** ALCOA INC (NYSE: AA - news) , $11.59, -3.01 pct

Vice President Olivier Jarrault sold 175,031 shares of thelargest U.S. aluminum producer at an average price of $10.57,according to a regulatory filing, an 11.5 percent discount tothe stock's Thursday close.

** CHEVRON CORP, $111.58, -4.18 pct

The second-largest U.S. oil company said its fourth-quarterprofit dropped 32 percent as refining margins and productionfell around the world.

** WAL-MART STORES INC, $73.93, -1.10 pct

The world's largest retailer shaved its outlook for thefiscal fourth quarter and full year to account for specialitems, including those tied to its store closures in Brazil andChina and its Sam (Paris: FR0011660836 - news) 's Club restructuring in the United States.

** GOOGLE INC (NasdaqGS: GOOG - news) , $1,175.014, +3.49 pct

The Internet giant's quarterly revenue beat Wall Street'starget despite an ongoing decline in prices for its online adsand deepening losses at Motorola, the handset-making division tobe sold to China's Lenovo.

** AMAZON.COM INC, $369.95, -8.20 pct

The online retailer warned of a possible loss in the currentquarter and its quarterly results missed expectations in theholiday shopping season. At least seven brokerages cut theirprice targets on the stock, by as much as $30 to a low of $415.

** TELECOMMUNICATION SYSTEMS INC (NasdaqGS: TSYS - news) , $2.4201, -1.62pct

The wireless communication technology provider'sfourth-quarter revenue dropped 41 percent, hurt by governmentcontracting delays and declines in commercial applicationsrevenue.

** THE NEW HOME COMPANY LLC, $2.4201, -1.62 pct

Shares of the homebuilder rose as much as 6 percent in theirtrading debut, valuing the company at about $191.5 million.

** BP PLC (LSE: BP.L - news) , $46.83, -1.22 pct

BP is dropping plans to invest in a refinery inChina, three sources with direct knowledge said, the fourthrefining project in recent months to fall foul of a slowdown ingrowth in the world's second-largest economy.

** MASTERCARD INC, $75.77, -5.00 pct

The world's No.2 credit and debit card company reported a 3percent rise in quarterly profit but missed analysts' averageforecast as expenses rose. -2.52** ACCURAY INC, $10.32, +11.69 pct

The maker of cancer radiation devices reported asmaller-than-expected quarterly loss, helped by revenue growthand strong margins, and raised its 2014 revenue forecast.

** ABAXIS INC (NasdaqGS: ABAX - news) , $35.92, -5.57 pct

The blood analysis systems maker reported alower-than-expected quarterly profit as sales of its instrumentsto veterinary clinics dipped due to decreased orders from itslargest distributors, who held excess inventory.

** HANGER INC (NYSE: HGR - news) , $33.69, -13.81 pct

The orthotic and prosthetic products provider estimatedfull-year earnings significantly below analysts' averageexpectations due to operational issues at one of its units.

Brokerage Noble Financial cut its price target on thecompany's stock to $38 from $40.

** PACCAR INC (NasdaqGS: PCAR - news) , $56.11, -2.33 pct

The company, which makes vehicles sold under the Kenworth,Peterbilt and DAF brand names, reported higher quarterly profiton Friday as the maker of commercial trucks and enginesbenefited from recovering demand in Europe.

** SOLAZYME INC (NasdaqGS: SZYM - news) , $10.94, +11.98 pct

The renewable oil producer said on Thursday that commericaloperations had begun at both Archer Daniels Midland Co's facility in Clinton, Iowa, and at another facility in Galva,Iowa, operated by American Natural Products. Oil products - usedin lubricants, metalworking, home and personal care - made atthe facilities by the three companies, are being sold in theUnited States and Brazil, Solazyme said.


The natural gas pipeline company priced its public offeringof 8 million common units at $16.50 each, below Thursday'sclosing price of $16.91.

** CONSOL ENERGY INC (NYSE: CNX - news) , $37.62, -0.74 pct

The company's adjusted core earnings declined 20 percent inthe fourth quarter as weak realized prices for coal and naturalgas squeezed margins.

** STATE STREET CORP, $66.88, -1.99 pct

Britain's financial watchdog has fined the company 22.9million pounds ($38 million) for deliberately overcharging someof its clients, and said the custody bank acted with "completedisregard" for the interests of its customers. Between June 2010and September 2011 State Street UK, a unit of the world'ssecond-largest standalone custody bank State Street (Frankfurt: ZYA.F - news) , overchargedsix clients a total of $20.2 million, the Financial ConductAuthority (FCA) said.

** WYNN RESORTS LTD (NasdaqGS: WYNN - news) , $206.5, +2.48 pct

The casino operator on Thursday reported fourth-quarterresults that beat analysts' estimates, driven by growth inrevenue from its Macau and Las Vegas operations.

At least four brokerages raised their price targets on thecompany's stock on Friday.

** GREEN DOT CORP, $20.89, -21.85 pct

The prepaid debit card company reported aweaker-than-expected quarterly profit as it incurred higheroperating expenses.

Brokerage SunTrust Robinson reduced its price target on thecompany's stock to $22 from $25, but maintained its "neutral"rating. Green Dot forecast full-year revenue in the range of$640-$650 million, well above the average analyst estimate of$631.6 million, according to Thomson Reuters I/B/E/S.

** CEPHEID INC, $52.03, +10.07 pct

The company reported a smaller-than-expected loss in thefourth quarter, helped by higher sales of its moleculardiagnostics systems and reagents.

At least seven brokerages, including UBS (Xetra: UB0BL6 - news) , Citigroup (NYSE: C - news) andCanaccord Genuity (Other OTC: CCORF - news) raised their price targets on the company'sstock.

** MATTEL INC (NasdaqGS: MAT - news) , $38.81, -9.77 pct

** HASBRO INC (NasdaqGS: HAS - news) , $48.96, -3.70 pct

Mattel, the world's largest toy company, missed WallStreet's profit and sales estimates for the fourth quarter onweak demand in the United States during the all-importantholiday selling season.

Rival Hasbro's stock also fell on the results.

** COOPER TIRE & RUBBER CO (NYSE: CTB - news) , $23.46, +2.71 pct

The company said it could sell its 65 percent stake in itsChinese joint venture to partner Chengshan Group Co Ltd,clearing the way for the U.S. tire maker to look for a buyer foritself.

** CYTRX CORP, $7.05, -11.65 pct

The drug developer priced a public offering of 11.5 millionshares of its common stock at $6.50 each, a discount of 19percent to its Thursday close. The company plans to use the netproceeds of the offering to fund trials of its cancer drug,aldoxorubicin, and for general corporate purposes.

DFC GLOBAL CORP (NasdaqGS: DLLR - news) , $8.18, -22.61 pct

The pawn and payday lender reported a weaker-than-expectedquarterly profit as it earned lower fees from its consumerlending and pawn businesses, promoting several brokerages tolower their price targets on the company's stock. Nomuradowngraded the company's stock to "buy" from "neutral."

** MEDLEY CAPITAL CORP, $13.8, -3.77 pct

The business development finance company started a publicoffering of 6 million shares of its common stock at $14 each,below its Thursday close of $14.34. The company plans to use theproceeds from the offering for debt repayment, for investmentand general corporate purposes.

** AUTOLIV (NYSE: ALV - news) , $90.27, +2.25 pct

The auto safety equipment maker reported abigger-than-expected rise in fourth-quarter earnings andforecast continued sales growth this year, albeit at a slowerpace than in 2013.

** SIMON PROPERTY GROUP INC, $154.59, +1.07 pct

The largest owner of U.S. malls and outlet centers reportedfourth-quarter results above analysts' estimates due to higherrents and occupancy at its malls. The company also said it wasboosting its quarterly dividend.

** MCKESSON CORP, $174.68, -1.44 pct

The company, which last week reached a deal to acquireGermany's Celesio AG (Other OTC: CAKFF - news) , reported on Thursday a lowerquarterly profit and trimmed its full-year outlook, citinghigher taxes and one-time charges.

** ZYNGA INC (NasdaqGS: ZNGA - news) , $4.25, +19.38 pct

Zynga will shed 15 percent of its workforce to slash costsand buy mobile game developer NaturalMotion for $527 million torefresh a stalled games pipeline.

** GOLDMAN SACHS GROUP INC, $163.8, -1.23 pct

Chief Executive Lloyd Blankfein received restricted stockworth $14.7 million this week as part of his 2013 bonus, Goldmanreported in a regulatory filing on Thursday.

** CANADIAN NATIONAL RAILWAY CO, $52.25, -1.56 pct

Canada's largest rail operator reported higherquarterly earnings on Thursday, saying its full-year volumes andrevenue hit record highs, but the results were tempered byextreme winter weather in December and came in slightly belowestimates.

At least three brokerage's raised their price target on thestock.

** CHIPOTLE MEXICAN GRILL INC (NYSE: CMG - news) , $558.25, +13.02 pct

The burrito chain said on Thursday an increase in customervisits contributed to bigger-than-expected growth in quarterlysales at established restaurants.

** BROADCOM (NasdaqGS: BRCM - news) , $30.03, +2.81 pct

The company on Thursday posted fourth-quarter revenue andprofits that were down from a year earlier, but the resultsslightly exceeded expectations of Wall Street analysts concernedabout tepid smartphone sales.

** NATIONAL OILWELL VARCO INC (NYSE: NOV - news) , $75.02, +1.86 pct

The largest U.S. oilfield equipment provider, reported abetter-than-expected adjusted quarterly profit, boosted bystrength in its business that helps prepare oil and gas wellsfor production.

** TYSON FOODS INC (NYSE: TSN - news) , $36.9, +6.99 pct

The largest U.S. meat processor posted a 47 percent rise infirst-quarter profit, helped by growth in sales volumes ofchicken and beef.

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