MARKET PULSE-American Express, YOU On Demand, Celladon, Dicerna

Reuters - UK Focus

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Wall Street rose on Thursday, with the S&P 500 climbing morethan 1 percent, buoyed by data showing the U.S. economy grew asexpected in the fourth quarter. The Dow Jones industrial average was up 0.90 percent at 15,881.1, the S&P 500 wasup 1.26 percent at 1,796.56 and the Nasdaq Composite wasup 1.95 percent at 4,130.6.

** 3M CO, $128.17, -1.60 pct

The diversified manufacturer posted an 11 percent rise infourth-quarter net income on Thursday, helped by higher earningsacross most of its business lines, but sales missed WallStreet's target.

** VISA INC (NYSE: V - news) , $222.98, +2.70 pct

** MASTERCARD, $79.63, +2.48 pct

** AMERICAN EXPRESS CO, $86.8, +1.46 pct

The world's largest credit and debit card company reporteda better-than-expected 9 percent rise in quarterly profit asmore people used cards instead of cash to make payments.

Mastercard and American Express (Xetra: AEC1.DE - news) stocks also rose on thenews.

** BANK OF AMERICA CORP, $16.93, +1.50 pct

The U.S. government has raised the amount it is seeking inpenalties from Bank of America Corp to $2.1 billion after a juryfound the bank was liable for fraud over defective mortgagessold by its Countrywide (LSE: CWD.L - news) unit.

-1.03** EXXON MOBIL CORP, $94.4, -0.75 pct

The world's largest publicly traded oil company by marketvalue posted lower-than-expected quarterly profit on Thursday asit failed to offset declining production with fresh reserves.

** SPECTRUM BRAND HOLDINGS INC, $74.92, +9.37 pct

The consumer products maker reported better-than-expectedquarterly results, helped by growth in its hardware and homeimprovement business.

** KENNAMETAL INC (Frankfurt: KM3.F - news) , $44.46, -6.75 pct

The industrial toolmaker cut its full-year organic salesgrowth and earnings forecast, citing slower-than-anticipatedrebound in the its oil and gas markets and weak conditions inunderground mining in the United States and China.

** YOU ON DEMAND HOLDINGS INC, $3.02, +17.51 pct

The Chinese video-on demand provider said it expanded itsrelationship with the Walt Disney Co to offer movies ondemand via mobile devices in China.

The stock, trading nearly ten times its average 10-dayvolume, was one of the top percentage gainers on the Nasdaq.

** CELLADON CORP, $9.06, +13.25 pct

The biotechnology company's stock began trading on theNasdaq, following its initial public offering of 5.5 millionshares priced at $8 each.

** B/E AEROSPACE INC, $78.36, -5.23 pct

The aircraft parts supplier reported fourth-quarter earningsbelow analysts' estimates due to higher costs.


The company said it had extended its partnership withBritish Sky Broadcasting Group Plc to exclusivelybroadcast its weekly programming in the U.K. and Ireland (Other OTC: IRLD - news) through2019.

** CENTERSTATE BANKS INC (NasdaqGS: CSFL - news) , $11.6, +16.00

The Florida-based bank said it will buy First SouthernBancorp for about $190 million in cash and stock.

** BROADVISION INC (NasdaqGM: BVSN - news) , $11.55, -13.35 pct

The software company reported a 10 percent decline inquarterly revenue as sales from services fell about 15 percent.

** APPLIED INDUSTRIAL TECHNOLOGIES (NYSE: AIT - news) , $51.03, +10.98pct

The industrial distributor reported second-quarter earningsabove analysts' estimates due to lower costs.

** QLOGIC CORP (NasdaqGS: QLGC - news) , $11.75, +7.80

The network equipment maker reported third-quarter resultsthat beat analysts' estimates on Wednesday, helped by loweroperating expenses.

** CARBO CERAMICS INC (NYSE: CRR - news) , $124.09, +17.64 pct

The oilfield services provider reported a quarterly profitthat beat analysts' average estimate, helped by an increase inproppant sales volumes in North America. The company also saidit expects first-quarter ceramic proppant volumes to increasefrom the previous quarter.

** PREMIERE GLOBAL SERVICES INC (NYSE: PGI - news) , $11.23, +7.16

The cloud-based software services provider announcedpreliminary fourth-quarter results above Wall Streetexpectations. The company said on Wednesday it expects adjustedearnings from continuing operations of 20 cents per share on netrevenue of $134.5 million to $135 million for the currentquarter.

Analysts on average were expecting earnings of 19 cents pershare on revenue of $132.1 million, according to Thomson Reuters (Frankfurt: TOC.F - news) I/B/E/S.

** MECOX LANE LTD, $4.6835, +7.17 pct

The Chinese multibrand retailer said Nanjing-basedCnshangquan E-Commerce Co Ltd bought a 63.7 percent stake in thecompany through a definitive share purchase agreement withcertain shareholders. Mecox Lane said Cnshangquan E-Commercepaid $39 million for 290,564,842 of its ordinary shares.

** MELLANOX TECHNOLOGIES LTD, $36.843, -6.73 pct

The chipmaker reported fourth-quarter revenue way below WallStreet expectations and posted a net loss, compared with a netprofit, a year earlier, due to higher expenses.

Brokerage Stifel Nicolaus cut its price target on the stock.

** CARDIOVASCULAR SYSTEMS INC (NasdaqGS: CSII - news) , $34.95, +18.84 pct

The medical device company posted a smaller-than-expectedquarterly loss as doctors continued to adopt its Stealth 360device for treating accumulation of plaque in peripheralarteries.

At least two brokerages raised their price target on thestock on Thursday.


The telecom software maker reported fourth-quarter resultsway above Wall Street expectations as sales from cloud-basedorders rose 61 percent.

** DICERNA PHARMACEUTICALS INC, $37.01, +146.73 pct

The biopharmaceutical company's stock more than doubled inits debut. The company had priced its offering of 6 millionshares at $15 each, raising $90 million. Dicerna develops drugsfor rare inherited diseases of liver and cancer. At a high of$34.83, the company is valued at about $580 million.

** EXAR CORP (NYSE: EXAR - news) , $11.52, -5.57

The analog chipmaker's third-quarter adjusted profit laggedexpectations, as supply chain inventory exceeded networkingmarket demand.

At least two brokerages cut their price target on thecompany's stock.

** MKS INSTRUMENTS INC (NasdaqGS: MKSI - news) , $30.5, +4.78 pct

The company reported better-than-expected quarterly profitas demand for its products increased. Revenue from its productsjumped 65 percent in the quarter.

MKS Instruments makes instruments and subsystems thatmeasure and monitor parameters used in manufacturing processes.

** FACEBOOK INC (NasdaqGS: FB - news) , $61.351, +14.61 pct

** TWITTER INC (NYSE: TWTR - news) , $64.07, +7.77 pct

** LINKEDIN CORP, $213.84, +4.76 pct

The world's largest social networking company's resoundingrevenue growth underscored CEO Mark Zuckerberg's success inselling ad space on the social network's mobile app.

At least 30 brokerages raised their price targets onFacebook's shares. The stock, which has never before tradedhigher than $60 during market hours, was at $63.28 before thebell on Thursday.

Microblogging site Twitter and job portal LinkedIn's shareswere also up on the news.

** MEN'S WEARHOUSE INC, $47.31, +2.62 pct

** JOS. A. BANK CLOTHIERS INC, $56.06, +2.19 pct

Men's Wearhouse said it was open to sweetening its buyoutoffer for Jos. A. Bank, under certain conditions, and called onindependent directors of its smaller rival to reconsider itsbid.

** HARLEY-DAVIDSON INC, $63.36, -1.06 pct

The motorbike maker reported a higher quarterly profit,lifted by growing global motorcycle sales, while its preliminary2014 shipment forecast suggested its efforts to reachnon-traditional riders will continue to gain traction.


The audio equipment maker reported a stronger-than-expected53 percent jump in quarterly profit and raised its full-yearforecast, fueled by strong sales of its infotainment systems toluxury car makers.

** RAYTHEON CO (NYSE: RTN - news) , $90.43, +2.03 pct

The U.S. arms maker reported higher-than-expected earningsin the fourth quarter, although revenues fell short of estimateswith U.S. military spending in decline.

** AUTONATION INC (NYSE: AN - news) , $49.98, +6.32 pct

The largest U.S. automobile dealer group sped past WallStreet earnings expectations on robust sales of luxury cars likeMercedes (Xetra: 710000 - news) -Benz and BMW (Berlin: BMW.BE - news) .

** BALL CORP (NYSE: BLL - news) , $51.36, +4.67 pct

The company, which makes specialty packaging for the foodand beverage industry, reported fourth-quarter earnings aboveanalysts' estimates, partly due to strong sales of specialtycans in the Americas.

** LAS VEGAS SANDS CORP (Xetra: LCR.DE - news) , $77.45, +4.76 pct

The casino and resort operator on Wednesday reportedfourth-quarter revenue of $3.66 billion that missed analysts'average estimate of $3.71 billion.

Susquehanna Financial Group cut its target price on thecasino and resort operator's stock to $92 from $93 with apositive rating.

** CONCUR TECHNOLOGIES INC (NasdaqGS: CNQR - news) $127.99

The company, which provides web-based travel and expensemanagement solutions, reported better-than-expected results andforecast current quarter and 2014 profit above expectations onWednesday.

At least seven brokerages raised their price targets on thestock.

** SHERWIN-WILLIAMS CO, $184.32, -2.54 pct

The coatings maker forecast first-quarter earnings belowanalysts' estimates as it expects a recent acquisition to biteinto profit.

** TRACTOR SUPPLY CO, $67.63, -1.98 pct

J.P. Morgan Securities cut its price target on the stock to$74 from $78 after the retailer gave a weaker-than-expected 2014earnings forecast. The operator of farm and ranch retail storessaid it expects 2014 earnings to be $2.54-$2.62 per share, lowerthan analysts' average expectation of $2.64 per share.

** INFINERA CORP, $8.945, +26.70 pct

The company, which makes chips used in telecom networks,reported better-than-expected fourth-quarter results onWednesday helped by new customer wins.

MKM Partners raised its price target on the stock.

** JETBLUE AIRWAYS CORP, $9.03, +6.24 pct

The airline said it acquired 12 slot pairs at Ronald ReaganWashington National Airport.

** HHGREGG INC (NYSE: HGG - news) , $8.86, -16.10 pct

Hhgregg's third-quarter profit fell about 70 percent andmissed Wall Street estimates, hurt by declining demand fortelevisions and tablets, prompting the appliance and electronicsretailer to slash its fiscal 2014 earnings outlook.

The company said it now expects to earn 30 to 40 cents pershare in 2014, compared with its previous forecast of 75 to 90cents.

** TETRA TECH INC (NasdaqGS: TTEK - news) , $28.97, +4.32 pct

The construction management services reported a 2 percentfall in first-quarter revenue.

** ADT CORP, $31.29, -17.24 pct

The security services provider posted first-quarter resultsbelow analysts' estimates, as costs rose. "Customer growth didnot meet our expectations this quarter and we have implementedactions, including improvements in our dealer channel and leadgeneration process, to regain subscriber traction in thefuture," Chief Executive Naren Gursahaney said in a statement.

** HILLSHIRE BRANDS CO, $35.7, +6.60 pct

The company topped analysts' expectations in the secondquarter as the maker of Jimmy Dean sausages and Ball Park hotdogs raised prices to offset higher commodity costs.

** WEATHERFORD INTERNATIONAL LTD (NYSE: WFT - news) , $13.26, -4.05 pct

The oilfield services company said it would cut 7,000 jobsand warned that its fourth-quarter profit would miss itsforecast, hurt by severe winter in North America and operationaldisruptions in the Middle East.

** ELI LILLY AND CO, $53.21, -1.30 pct

The drugmaker's quarterly revenue fell far less thanexpected, as plunging sales of its Cymbalta depression treatmentwere largely offset by higher sales for most of its otherprescription drugs.

** BLACKSTONE GROUP LP, $32.28, +4.36 pct

The world's largest publicly listed alternative assetmanager said its fourth-quarter profit surged 130 percent to capa record earnings year, boosted particularly by strength in itsreal estate business.

** GOOGLE INC (NasdaqGS: GOOG - news) , $1,139.9, +2.98 pct

Lenovo Group (Berlin: LHL.BE - news) said on Wednesday it agreed to buyGoogle's Motorola handset division for $2.91 billion, in what isChina's largest-ever tech deal as Lenovo buys its way into aheavily competitive U.S. handset market dominated by Apple Inc (NasdaqGS: AAPL - news) . It is Lenovo's second major deal on U.S. soil in aweek as the Chinese electronics company angles to get a footholdin major global computing markets. Lenovo last week said itwould buy IBM (NYSE: IBM - news) 's low-end server business for $2.3 billion.

** GOLDCORP INC (Toronto: G.TO - news) , $24.19, -2.18 pct

** FIRST MAJESTIC SILVER CORP (NYSE: AG - news) , $10.63, -1.57 pct

** SILVER WHEATON (Xetra: SII.DE - news) , $21.79, -1.31 pct

** BARRICK GOLD CORP, $19.23, -1.49 pct

** ROYAL GOLD INC (NasdaqGS: RGLD - news) , $53.69, -3.49 pct

** ELDORADO GOLD (Toronto: ELD.TO - news) , $6.39, -3.62 pct

** NEWMONT MINING CORP, $24.27, -2.41 pct

** HARMONY GOLD MINING CO, $2.83, -3.74 pct

** RANDGOLD RESOURCES LTD, $68.45, -2.96 pct

** AURICO GOLD INC (NYSE: AUQ - news) , $4.5, -3.85 pct

** ANGLOGOLD ASHANTI LTD (LSE: AGD.L - news) , $14.4, -2.11 pct

Gold fell around 1 percent on Thursday as the dollarrose after the U.S. Federal Reserve pushed ahead with reducingits monetary stimulus and investors took profits made theprevious session.

A South African labour court on Thursday blocked a plannedgold sector strike by the AMCU union at Harmony Gold, AngloGoldAshanti and Sibanye Gold (Berlin: 0SG.BE - news) , SABC radio reported.

** ALEXION PHARMACEUTICALS INC (NasdaqGS: ALXN - news) , $162.415, +21.45pct

The company said it expected revenue from its blood disorderdrug, Soliris, to hit the $2 billion mark in 2014, sending itsshares up 27 percent to a life-high.

** CARDINAL HEALTH (NYSE: CAH - news) , $68.45, +3.01 pct

The pharmaceutical distributor reported abetter-than-expected quarterly profit helped by strong growth ofits home health and hospital network businesses.

The company also raised its full-year adjusted earningsforecast to $3.75-$3.85 per share, from its prior view of$3.62-$3.72.

** METHANEX CORP, $62.6, +10.43 pct

The methanol supplier posted a better-than-expectedquarterly profit, helped by high prices and robust demand.

The Vancouver, British Columbia-based company posted afourth-quarter adjusted profit of $1.72 per share, beatinganalysts' average estimates of $1.55 per share, according toThomson Reuters I/B/E/S.

** PEABODY ENERGY CORP (NYSE: BTU - news) , $16.91, -2.76 pct

The coal miner posted a steeper-than-expected 14 percentfall in quarterly revenue due to weak prices of metallurgical,or steelmaking, coal and a labor stoppage at two of itsAustralian mines.

** ACCELRYS (NasdaqGS: ACCL - news) , $12.502, +28.62 pct

Dassault Systemes (Other OTC: DASTF - news) agreed to buy U.S. scientificsoftware firm Accelrys in an all-cash deal valuing the San-Diegocompany at about $750 million, as it seeks to expand its productportfolio, the software company said. +1.14

** INVESCO LTD (NYSE: IVZ - news) , $33.58, +1.60 pct

The company which oversees the PowerShares line ofexchange-traded funds said its fourth-quarter profit jumped 81percent, helped by strong markets and sales of alternative andequity products.

** DOVER CORP (Berlin: DOV.BE - news) , $88.64, -1.16 pct

The maker of pumps, drill bits and other industrial productsposted a higher quarterly profit, helped by higher sales in itsengineered systems business. [ID: nL3N0KX4PS]

** UNDER ARMOUR INC (NYSE: UA - news) , $103.93, +21.95 pct

The company reported a quarterly profit and gave a full-yearrevenue forecast that beat analysts' estimates, driven byincreased sales of its athletic apparel, footwear andaccessories.

** CEVA INC (NasdaqGS: CEVA - news) , $17.19, +8.52 pct

The Israeli mobile chip designer reported higher quarterlynet profit and revenue that beat analysts' expectations as thecompany broadened its portfolio of products and secured newcustomers.

** POTASH CORP OF SASKATCHEWAN, $31.12, -2.23 pct

The world's biggest fertilizer company reported asharply lower quarterly profit and produced 2014 forecasts thatwere below Wall Street expectations. The company's disappointingoutlook shows that the global potash market has far to go torecover from a slide in prices, due to years of soft demand,burgeoning supplies and last summer's breakup of rivalBelarusian Potash Company.

** TIMKEN CO (NYSE: TKR - news) , $56.99, +4.51 pct

The company which makes specialty steel and ball bearings,reported a 30 percent fall in quarterly profit, hurt by weakdemand from the mining industry.

** MANPOWERGROUP INC (NYSE: MAN - news) , $77.26, -2.65 pct

The world's No.3 staffing company said it expected revenueto be flat to up 2 percent in the current quarter, even afterits quarterly profit doubled as hiring picked up inEurope.

** ORAMED (Stuttgart: A1CTNU - news) , $23.68, -8.82 pct

The Israeli developer of oral drug delivery systems said amid-stage trial for its oral insulin capsule for the treatmentof type 2 diabetes met all primary and secondary endpoints.

** FLEXTRONICS INTERNATIONAL LTD (NasdaqGS: FLEX - news) , $8.3, +7.79 pct

The contract electronics maker forecast current-quarterrevenue largely above Wall Street estimates and said it plannedto reduce its workforce and undertake other cost cuts. China'sLenovo Group Ltd, which is also a Flextronicscustomer, said on Wednesday it would acquire Google Inc's Motorola Mobility smartphone business.

Citigroup (NYSE: C - news) raised its price target on the stock.

** WHIRLPOOL CORP (NYSE: WHR - news) , $135.14, -4.58 pct

The company's quarterly profit jumped 48 percent due tostrong sales gains in North and South America, and Whirlpool (Frankfurt: WHR.F - news)indicated its 2014 earnings would be broadly in line withanalysts' forecasts.

** TIME WARNER CABLE INC (NYSE: TWC - news) , $133.7, +1.21 pct

The second-largest U.S. cable operator which recentlyrejected a takeover offer from Charter Communications Inc (NasdaqGS: CHTR - news) , posted better-than-expected quarterly results as itshigh-speed data subscribers opted for expensive plans.

** THERMO FISHER SCIENTIFIC INC (NYSE: TMO - news) , $114.81, +2.74 pct

The world's largest laboratory equipment maker reported abetter-than-expected quarterly profit as sales rose across itsbusinesses.

** VIACOM INC (NasdaqGS: VIAB - news) , $85.1, +5.10 pct

The company reported lower-than-expected revenue for thefirst quarter as its studio Paramount Pictures released fewermovies and the home entertainment business reported lower sales. +1.65

** AVEO ONCOLOGY, $1.66, -6.21 pct

The company said it would end a mid-stage trial testing itslead drug as a treatment for breast cancer, as the company didnot have enough patients enrolled in the study. Aveo, which wasdeveloping the drug with Japan's Astellas Pharma Inc (Other OTC: ALPMF - news) ,said enrollment in the study had been slower than expected anddid not improve despite efforts to recruit more patients. +1.41

** QUALCOMM INC, $73.04, +2.70 pct

The mobile chipmaker reported higher fiscal first-quarterrevenue that slightly missed estimates as smartphone growthshifted to China, but it bumped up its full-year earningsoutlook and said 2014 was playing out as expected. Qualcomm (TLO: QC-U.TI - news)expects demand to grow later this year as leading mobile carrierChina Mobile (Berlin: CTM.BE - news) rolls out cellphone services using the advanced LTEtechnology Qualcomm dominates.

At least two brokerages raised their price targets on thestock to $86.

** DIAGEO (LSE: DGE.L - news) , $121.19, -4.63 pct

The world's biggest distilled drinks company, reported a slowdown in sales growth in the last six months afterdemand in China and some other important emerging marketsdropped sharply.

** NEUSTAR INC, $35.1, -19.77 pct

The company which routes phone calls and manages databasesused by North American telecom carriers, forecast a full-yearadjusted profit below estimates.

** KALOBIOS PHARMACEUTICALS INC (NasdaqGM: KBIO - news) , $3.41, -26.67 pct

The company said it would stop developing asthma drug KB003after it failed to bring about a clinically meaningfulimprovement in the pulmonary function of patients with severeasthma when tested against a placebo in 160 patients in amid-stage study.

Needham & Co downgraded the stock while at least onebrokerage cut its price target.

** SYMANTEC CORP, $22.07, -8.61 pct

The maker of Norton anti-virus software reported a 5 percentfall in quarterly revenue as a decline in sales of personalcomputers hurt demand for its security software.

** CITRIX SYSTEMS INC (NasdaqGS: CTXS - news) , $52.6299, -8.63 pct

The cloud-computing software maker forecast current-quarterand 2014 earnings far below analysts' estimates, citing "uneven"closure of some contracts, and said its long-time CEO wouldretire next year.

At least five brokerages downgraded the stock while a fewothers cut their price targets.

** SERVICENOW INC (NYSE: NOW - news) , $66.15, +14.84 pct

The software company focused on IT infrastructure reported a67 percent rise in fourth-quarter revenue as it added morecustomers.

** W (SES: E2:OJ4.SI - news) .R. GRACE & CO, $94.9, +1.27 pct

The chemical maker received approval to line up about $1.55billion in bankruptcy exit financing, a court filing showed onTuesday. Grace will use the money to pay all outstanding claims,including $1.1 billion to its lenders, removing the lastobstacle to its emergence out of bankruptcy protection.

** AMAZON, $401.35, +4.46 pct

The online bookseller that transformed itself into one ofthe most dominant and diverse technology powerhouses in under adecade, will offer signals about consumer and technology trendswhen it releases holiday-quarter results after markets close onThursday.

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