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MARKET PULSE-Primero, Fleetmatics, Zynga, Inteliquent, First Solar

Friday, 5 Oct 2012 | 11:59 AM ET

Oct 5 (Reuters) - Some U.S. stocks on the move on Friday:

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DOW HITS 5-YEAR HIGH ON JOBS REPORT

The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the U.S. labor market.

The Dow Jones industrial average gained 58.52 points, or 0.43 percent, to 13,633.88. The Standard & Poor's 500 Index

rose 5.88 points, or 0.40 percent, to 1,467.28. The Nasdaq Composite Index added 8.92 points, or 0.28 percent, to 3,158.38.

** PRIMERO MINING CORP , $7.70, up 42.75 pct (0958 ET)

The junior gold miner said it received a positive ruling from Mexican tax authorities on how it reports silver revenues. The ruling confirms that Primero can record silver revenue and taxes from its San Dimas gold mine in Durango state at the realized silver price rather than the spot price.

** FLEETMATICS GROUP PLC , $22.30, up 31.2 pct (1057 ET)

The company's shares rose on their debut, a day after the Irish fleet management software provider priced its initial public offering at the high end of its expected price range.

** HEWLETT-PACKARD CO , $14.79, down 1 pct (1003 ET)

Sterne Agee & Leach downgraded the stock to "neutral" while RBC Capital Markets, Robert W. Baird & Co, Jefferies & Co and J.P. Morgan Securities cut their price targets on after CEO Meg Whitman warned of an unexpectedly steep earnings slide in 2013.

** ZYNGA INC , $2.31, down 17.2 pct (1107 ET) ** FACEBOOK INC , $21.31, down 2.8 pct (1107 ET) ** GLU MOBILE INC , $3.99, down 6.66 pct (1107 ET)

Brokerages lowered their price targets on the stock by up to 40 percent after the "Farmville" game maker slashed its 2012 outlook for the second time due to a decline in the number of paying customers.

Facebook, which derives over a tenth of its revenue from fees paid by Zynga, was also down as was Glu Mobile.

** CACHE INC , $2.69, down 17.2 pct (1044 ET)

The women's apparel retailer forecast a wider loss in the third quarter, compared to its earlier expectations, as the company increased promotions to clear out excess summer inventory, and its fall styles also failed to work with shoppers.

** DATALINK CORP , $7.39, down 13.8 pct (1056 ET)

The company, which makes data storage systems and software, estimated third-quarter results below its forecast as customers held back on spending.

Several brokerages including Canaccord Genuity, Needham & Co and Cantor Fitzgerald cut their price targets on the company's stock.

** MERCURY COMPUTER SYSTEMS INC , $7.98, down 17.1 pct (1048 ET)

Lazard Capital Markets downgraded the signal and image processing systems maker to "neutral." Jefferies & Co cut its price target on the stock to $7.70 from $12.

** INTELIQUENT , $7.96, down 12.2 pct (1118 ET)

The ethernet network provider said negotiations with a large customer may reduce rates significantly. Robert W. Baird & Co downgraded the stock to "neutral," saying the company's announced dividend of $3 was below expectations.

** SUNESIS PHARMACEUTICALS INC , $6.49, up 11 pct (1122 ET)

Roth Capital raised its price target on the stock, saying an analysis of interim data of the company's blood cancer drug Vosaroxin fell into a "promising" zone. The company released the data of its late-stage VALOR trial at an analysts' conference on Thursday. The brokerage raised the price target to $12 from $7.

** FIRST SOLAR INC , $20.52, down 9 pct (1056)

Brokerage Avian Securities LLC cut its rating on the stock of the largest U.S. solar panel maker.

** WISDOMTREE INVESTMENTS INC , $6.89, up 8.6 pct (1034 ET)

Goldman Sachs added the company to its "conviction buy" list saying investment management company was insulated from price competition in the exchange-traded funds space, and was poised to gain market share in an attractive niche.

** TRIQUINT SEMICONDUCTOR INC , $5.36, up 7 pct (1114 ET)

Lazard Capital Markets started coverage on the chipmaker's stock with a "buy" rating.

** F5 NETWORKS INC , $107.43, down 1.3 pct (1005 ET)

Barclays Capital downgraded the network gear maker's stock to "equal weight" from "overweight" and cut its price target on the stock to $105 from $115.

** PEP BOYS-MANNY MOE AND JACK , $10.34, up 5 pct (1032 ET)

Benchmark Co upgraded the auto repair chain to "buy" from "hold," saying an improving tire profit environment and a possible debt refinance will likely lead to earnings growth. The brokerage also raised its rating on Pep Boys's stock to $12 from $10.

** CONSTELLATION BRANDS INC , $36.03, up 3.8 pct (1100 ET)

The world's largest branded-wine company's quarterly earnings beat Wall Street estimates, and the world's largest branded wine company forecast strong results for the fiscal year, helped by new brands and increased promotional spending.

** ARBOR REALTY TRUST INC , $5.71, down 5.6 pct (1073 ET)

The real estate finance company announced a public offering of 3.5 million common shares.

** AVON PRODUCTS INC , $17.16, up 5.8 pct (1059 ET)

The cosmetics company said Executive Chairman Andrea Jung, who was replaced as chief executive in April, has decided to step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years.

** ORACLE CORP , $31.51, down 1.2 pct (1114 ET)

The company has all the pieces it needs to compete in cloud computing but is always interested in looking at compelling M&A opportunities, Chief Financial Officer Safra Catz told investors.

** INFORMATICA CORP , $27.52, up 5.7 pct (1115 ET)

Nomura Equity Research upgraded the software maker to "buy" from "neutral," saying while it may take time for the company to turn its sales force issues around, the stock is trading at an attractive level after Thursday's 23 percent drop.

** SPRINT NEXTEL CORP , $5.24, up 3 pct (1021 ET)

** METROPCS COMMUNICATIONS INC , $12.89, up 1.5 pct (1123 ET)

** LEAP WIRELESS INTERNATIONAL INC , $6.14, up 5 pct (1124 ET)

Sprint Nextel is considering making a rival bid for MetroPCS, which agreed on Wednesday to a merger with Deutsche Telekom AG's T-Mobile USA, according to people familiar with the situation.

The stock of Leap Wireless was also up on the news. ** THE MEDICINES CO , $25.30, down 5.2 pct (1122 ET)

The company said it discontinued a mid-stage study of its experimental drug to reduce blood loss during surgery due to evidence of risk to patients.

(Complied by Aditi Shrivastava in Bangalore)

(aditi.shrivastava@thomsonreuters.com, within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5783, Reuters messaging: aditi.shrivastava.reuters.com@reuters.net)

Keywords: MARKETS USA STOCKS/PULSE

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