Friday, December 23, 2011

US Stock Futures to watch december 23 2011

US Stock Futures to watch december 23 2011 : U.S. stock index futures point to Wall Street edging higher on Friday, extending a rally into a fourth session, as labour market and other data in the United States pointed to a strong economic recovery, Among the companies whose shares are expected to actively trade in Friday's session are SunPower Corp. (SPWR), Rambus Inc. (RMBS) and Eastman Kodak Co. (EK).

SunPower said it had signed an agreement to acquire Tenesol SA, a French global solar provider, for $165.4 million in cash. Tenesol, a wholly-owned subsidiary of Total SA (TOT, FP.FR), has operations in 18 countries and solar panel manufacturing facilities in France and South Africa. SunPower will also sell 18.6 million common shares to Total at $8.80. SunPower's shares surged 25% to $7.30 premarket.

Rambus said it reached a five-year patent license agreement with Broadcom Corp. (BRCM) covering some of the technology used in the wireless chip maker's products. Rambus shares climbed 19% to $8.70 recently in premarket trading as the semiconductor technology company said its latest deal with Broadcom settles all outstanding claims between the two companies. Broadcom shares gained 0.7% to $29.99.

Film giant Eastman Kodak tapped general counsel Laura Quatela to serve as president alongside current President Philip Faraci. The stock jumped 17% to 74 cents premarket.

Baxter International Inc. (BAX) said it will partner with Momenta Pharmaceuticals Inc. (MNTA) to develop and market biosimilars, which replicate existing, branded biologics drugs used to treat cancer, autoimmune disorders and other chronic conditions. Momenta shares rose 6.8% to $18.18 premarket, while Baxter was unchanged at $49.76.

R.W. Baird started its coverage on Trius Therapeutics Inc. (TSRX) with an outperform rating and $13 price target, noting that its lead product tedizolid has a good chance to achieve a differentiated profile and carve out a nice place in the MRSA hospital infections market. Shares jumped 10% to $7.60 premarket on light volume.

Rodman & Renshaw cut its stock-investment rating on Ram Energy Resources Inc. (RAM) to market perform from market outperform on valuation. The oil-and-gas explorer's shares surged 83% Thursday following its announcement that Halcon Resources agreed to provide a $550 million capital injection, half of which will give it a majority stake in the oil-and-gas explorer. Ram shares slipped 6.5% to $1.88 premarket.

Fuel Tech Inc. (FTEK) announced receipt of multiple air pollution control orders totaling $10.5 million. Shares gained 5.8% to $6.75 in light premarket trading.

Baldwin Technology Co. (BLD) agreed to a $16.1 million buyout by the investment-firm Forsyth Capital Investors LLC, though it plans to actively solicit alternative proposals. The supplier of process-automation-equipment for the print media industry will receive 96 cents a share in cash, more than double its Thursday close of 47 cents. Shares soared 89% to 89 cents premarket.

Watch List:

Christopher & Banks Corp. (CBK) reported its fiscal third-quarter loss widened as the apparel retailer recorded charges related to planned store closures and flat same-store sales.

Everest Re Group Ltd. (RE) estimated its net losses from floods in Thailand would total between $100 million to $125 million, as the reinsurer provided guidance for a disaster that is estimated to cost the industry between $10 billion to $15 billion.

Heritage Financial Group Inc.'s (HBOS) board approved a new repurchase program for up to 5% of the bank holding company's shares outstanding.

Indentive Group Inc. (INVE) said former White House security advisor Richard A. Clarke will join the board of the provider of identification and security technology, effective Jan 1.

InterOil Corp. (IOC) on Thursday pushed back deadlines for its partners' final investment decisions on a major natural-gas project in Papua New Guinea, giving them until the end of March to meet some of its conditions.

Mercury Computer Systems Inc. (MRCY) agreed to acquire KOR Electronics Inc. for $70 million, in a move expected to expand Mercury's capabilities and offerings to defense contractors and the U.S. intelligence community.

Ralcorp Holdings Corp. (RAH) said it expects to receive about $900 million and up to 20% of the outstanding shares of Post Foods when its spins off the cereal maker. Progress continues toward completing the separation--which is expected around the end of next month, Ralcorp said.

Shutterfly Inc. (SFLY) lowered its fourth-quarter guidance as heavy competitor discounting contributed to a revenue shortfall.

Georgia lender Synovous Financial Corp. (SNV) said its President and Chief Executive Kessel D. Stelling will take on the additional title of chairman, effective Jan. 1.

Standard & Poor's said it will move independent natural gas and oil exploration company WPX Energy Inc. (WPX) into its S&P 500 index, replacing technology-management software maker Compuware Corp. (CPWR).

Verso Paper Corp. (VRS) said it was notified by the New York Stock Exchange that it faces a potential delisting unless it can improve its average market capitalization to meet the exchange's requirements within 18 months.

Vornado Realty Trust (VNO) said it will include wider losses from its 32.7% stake in Toys "R" Us Inc. in its upcoming fourth-quarter results. For the latest updates on the stock market, visit Stock Market Today
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