MARKET PULSE-Chevron, Mastercard, Accuray, Abaxis, Hanger, Solazyme

Reuters - UK Focus

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Wall Street was poised to tumble at the open on Friday andwas set for its first monthly decline since August, hurt byweaker-than-expected inflation data in the euro zone and ongoingconcerns about turbulence in emerging markets. Dow Jonesindustrial average futures were down 0.94 percent at15,585, S&P 500 futures were down 0.86 percent at 1,765.8and Nasdaq 100 futures were down 0.40 percent at 3,488.

** CHEVRON CORP, Thursday close $116.45

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, Thursday close $74.75, -1.10pct premarket

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..

** BP PLC (LSE: BP.L - news) , Thursday close $47.41, -1.60 pct premarket

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, Thursday close $79.76, -5.33 pctpremarket

The world's No.2 credit and debit card company reported a 3percent rise in quarterly profit but missed analysts' averageforecast as expenses rose.

** TWITTER INC (NYSE: TWTR - news) , Thursday close $63.47, -0.09 pctpremarket

The social media company bought 900 patents and signed across-licensing agreement with IBM (NYSE: IBM - news) , making peace with Big Blueand bulking up on its intellectual property portfolio as ittakes on larger rivals Google Inc (NasdaqGS: GOOG - news) and Facebook Inc (NasdaqGS: FB - news) .

** LEGG MASON INC (NYSE: LM - news) , Thursday close $43.3, -1.27 pctpremarket

The asset manager reported a profit in the year-end quarterand posted a net inflow of investor cash.

** ACCURAY INC, Thursday close $9.24, +10.28 pctpremarket

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) , Thursday close $38.04, -10.57 pctpremarket

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) , Thursday close $39.09, -13.28 pctpremarket

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) , Thursday close $57.45, -3.66 pctpremarket

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) , Thursday close $9.77, +11.57 pctpremarket

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.

** SOUTHCROSS ENERGY PARTNERS LP, Thursday close$16.91, -4.02 pct premarket

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) , Thursday close $37.9, +0.18pct premarket

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, Thursday close $68.24

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) , Thursday close $15.2, -3.22pct premarket

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, Thursday close -13.95

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, Thursday close $47.27, +6.41 pctpremarket

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) , Thursday close $43.01, -10.49 pctpremarket

** HASBRO INC (NasdaqGS: HAS - news) , Thursday close $51.239, -5.56 pctpremarket

The world's largest toy company missed Wall Street's profitand sales estimates for the fourth quarter on weak demand in theUnited States during the all-important holiday sellingseason.

Rival Hasbro's stock also fell on the results.

** ABBVIE INC (NYSE: ABBV - news) , Thursday close $48.31, +2.82 pctpremarket

The company reported lower fourth-quarter earnings, hurt bygeneric competition for its medicines, and issued a 2014 profitforecast below Wall Street expectations.

** COOPER TIRE & RUBBER CO (NYSE: CTB - news) , Thursday close$22.84, -0.44 pct premarket

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, Thursday close $7.98, -15.29 pctpremarket

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.

** BANCO SANTANDER BRASIL SA, Thursday close{BSBRs.K;$HST_CLOSE}, -1.06 pct premarket

The lender aims to increase lending at a faster rate thanits private-sector peers this year as credit markets return tonormal, margins recover and loan defaults decline, ChiefExecutive Jesus Zabalza said on Thursday.

** DFC GLOBAL CORP (NasdaqGS: DLLR - news) , Thursday close $10.57, -23.84pct premarket

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, Thursday close $14.34, -4.04pct premarket

The business development finance company started a publicoffering of 6 million shares of its common stock. The companyplans to use the proceeds from the offering for debt repayment,for investment and general corporate purposes.

** GOOGLE INC, Thursday close $1,135.394, +2.67 pctpremarket

The company's quarterly revenue beat Wall Street's targetdespite an ongoing decline in prices for its online ads anddeepening losses at Motorola, the handset-making division to besold to China's Lenovo.

** MICROSOFT CORP, Thursday close $36.86, +1.00 pctpremarket

The world's largest software company is likely to appointits cloud-computing head, Satya Nadella, as its next chiefexecutive, a source familiar with the matter said on Thursday,as the board concludes a five-month search for a tech-savvyheavy-hitter to lead the company.

** YAHOO INC (NasdaqGS: YHOO - news) , Thursday close $35.31, -1.76-1.76 pctpremarket

Yahoo (TLO: YA-U.TI - news) said it detected a "coordinated effort" to gainunauthorized access to Yahoo Mail accounts using maliciouscomputer software.

** AUTOLIV (NYSE: ALV - news) , Thursday close $88.28, +1.87 pctpremarket

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.


The maker of fire safety and security systems reportedfirst-quarter results above analysts' estimates and said therewere signs of recovery in non-residential construction marketsin North America. Commercial construction has lagged a reboundin the U.S. housing market, which started recovering in late2012.

** SIMON PROPERTY GROUP INC, Thursday close $152.95,-0.34 pct premarket

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.

** AMAZON.COM INC, Thursday close $403.01, -7.67pct premarket

Amazon missed Wall Street's estimates for the crucialholiday period and cautioned investors about a possibleoperating loss this quarter as shipping costs climb.

** ELI LILLY AND CO, Thursday close $53.27, -0.39pct premarket

** Sanofi SA, Thursday close $50.18, -2.83 pctpremarket

French drugmaker Sanofi (NasdaqGM: GCVRZ - news) is suing Eli Lilly foralleged patent infringements concerning its top-selling Lantusdiabetes treatment, delaying the U.S. firm's plans to produce acopycat version of Lantus. Lantus, the world's most prescribedinsulin product with annual worldwide sales of about $7 billion,is set to lose patent protection in the United States, theworld's largest pharmaceutical market, in February 2015.

** MCKESSON CORP, Thursday close $177.23, -0.71 pctpremarket

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) , Thursday close $3.56, +19.38 pctpremarket

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, Thursday close$165.84, -1.47 pct premarket

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, Thursday close$53.08, -3.32 pct premarket

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) , Thursday close$493.96, +11.85 pct premarket

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) , Thursday close $29.21, -0.10 pctpremarket

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.

** CHUBB CORP, Thursday close $86.76, -1.23 pctpremarket

The property and casualty insurer reported abetter-than-expected quarterly profit as its claims fell 30percent and announced a $1.5 billion share buyback.

** AMGEN INC (Xetra: 867900 - news) , Thursday close $120.89, -1.59 pctpremarket

Amgen said its experimental drug from a promising new classof injectable medicines succeeded in treating patients withgenetically high cholesterol levels, marking the fifthsuccessful clinical study of the drug.

** NATIONAL OILWELL VARCO INC (NYSE: NOV - news) , Thursday close$73.65, +1.29 pct premarket

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.

** LEAR CORP (NYSE: LEA - news) , Thursday close{LEA;$HST_CLOSE}, {LEA;+IRGPRC % HST_CLOSE:2} pct premarket

The company reported a better-than-expected 14 percent risein quarterly revenue as an increase in U.S. vehicle salesboosted demand for its car seats and electrical power systems.

** TYSON FOODS INC (NYSE: TSN - news) , Thursday close $34.49, +3.62 pctpremarket

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

** E*TRADE FINANCIAL CORP, Thursday close $20.35

The company said on Thursday that it formed a "retailalliance" giving its customers access to initial publicofferings and follow-on offerings underwritten by middle-marketinvestment bank Jefferies LLC.

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