Wednesday, March 28, 2012

US. stocks market outlook march 29 2012

US. stocks market outlook march 29 2012 : this week, Federal Reserve Chairman Ben Bernanke said unemployment rates remained unacceptably high and added that loose monetary policies will stick around until the employment situation improves. Ongoing concerns that China's growth will come in a little cooler over the long term than once hoped tempered stocks as well.

On Thursday in the U.S., gross domestic product figures, initial jobless claims and results from the Federal Reserve Bank of Kansas City quarterly manufacturers' survey are due out.

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 6 p.m. in New York.Standard & Poor’s 500 Index futures expiring in June rose 0.1 percent to 1,400.90.

Stocks to wach march 29 2012 Fossil, Paychex, Red Hat, Verint Systems
Fossil Inc. (FOSL) rose 2.5 percent to $136. The watchmaker was picked by Standard & Poor’s to replace Medco Health Solutions Inc. (MHS US), which is being taken over, in the S&P 500 on a date to be announced. BioMed Realty Trust Inc. (BMR US) will take Fossil’s place in the S&P MidCap 400 Index, while Innophos Holdings Inc. (IPHS) will replace BioMed in the S&P SmallCap 600. BioMed added 1.1 percent to $19.

Google Inc. (GOOG) : The search-engine operator was rated buy in new coverage at ThinkEquity LLC with a price estimate of $714.

Paychex Inc. (PAYX) : The Rochester, New York-based payroll services company for small businesses reported third- quarter earnings that met analyst projections and reiterated its yearly forecast for net income to increase 5 percent to 7 percent, compared with analyst estimates for 7 percent.

Red Hat Inc. (RHT) rallied 8.8 percent to $55.90. The software maker that specializes in the Linux operating system and other open-source programs’ fourth-quarter adjusted earnings and revenue that exceeded analyst forecasts, according to the average estimates in a Bloomberg survey. The company also said it approved a program to repurchase as much as $300 million of its stock.

Verint Systems Inc. (VRNT) : The maker of software that helps businesses analyze performance forecast first-quarter revenue of at least $860 million, beating the $858.5 million average estimate of two analysts surveyed by Bloomberg.

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