MARKET PULSE-Green Dot, Wal-Mart, Renewable Energy, Affymetrix
Oct 8 (Reuters) - Some U.S. stocks to watch on Monday:
(For The Day Ahead newsletter click on ) WALL ST TO OPEN LOWER AFTER WORLD BANK'S ASIA OUTLOOK
Index futures pointed to a lower open as the World Bank cut growth forecasts for East Asia, underscoring concerns about the global economic climate and corporate profits on the cusp of the kickoff of the quarterly earnings season.
S&P 500 futures fell 4.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 45 points, and Nasdaq 100 futures lost 11.25 points.
** GREEN DOT CORP , Friday close $12.85, down 23 pct premarket
** NETSPEND HOLDINGS INC , Friday close $10.75, down 12 pct premarket
** WAL-MART STORES INC , Friday close $75.13, down 0.2 pct premarket
** AMERICAN EXPRESS CO , Friday close $58.56, up 0.75 pct premarket
Shares of Prepaid card companies Green Dot and NetSpend fell after Wal-Mart and American Express announced a partnership to offer customers an alternative to debit and checking accounts.
** RENEWABLE ENERGY GROUP , Friday close $7.12, down 21.2 pct premarket
The company said it would post an adjusted core loss for the third quarter as biodiesel prices fell by more than a third.
** AFFYMETRIX INC , Friday close $4.31, down 16 pct premarket
The genetic analysis products maker forecast its third-quarter revenue below Street estimates, citing the tightening academic funding environment worldwide that reduced revenues in its gene expression and eBioscience business units.
The company estimated a total revenue of $80 million compared with analyst estimates of $84.6 million, according to Thomson Reuters I/B/E/S.
** ALLIANCE FINANCIAL CORP , Friday close $39.41, up 13.4 pct premarket
** NBT BANCORP INC , Friday close $22.15, down 1.5 pct premarket
NBT said it agreed to buy Alliance Financial in a deal valued at about $233.4 million to expand its footprint in New York.
** TPC GROUP INC , Friday close $40.67, up 10.7 pct premarket
** INNOSPEC INC , Friday close $34.35
The chemicals maker said it received a buyout proposal from Innospec for $721.3 million, topping an offer made by private equity firms First Reserve Corp and SK Capital Partners.
** PROGRESS SOFTWARE CORP , Friday close $21.48, down 8 pct premarket
The database management software maker said it could see some revenue slippage in the current quarter as a result of the resignation of Chief Executive Jay Bhatt.
** ALLSCRIPTS HEALTHCARE SOLUTIONS INC , Friday close $13.33, up 7 pct premarket
Bloomberg reported that the healthcare IT company received offers from a private-equity consortium, including Blackstone Group LP and Carlyle Group LP .
** NETFLIX INC , Friday close $66.56, up 6.4 pct premarket
Morgan Stanley upgraded the video streaming company to "overweight" from "equalweight," saying the company is poised to leverage its domestic cost structure and potentially become a global video platform, Benzinga reported.
** ADTRAN INC , Friday close $16.19, down 6.4 pct premarket
Morgan Stanley downgraded the network gear maker to "underweight", Benzinga reported.
** NAVISTAR INTERNATIONAL CORP , Friday close $21.21, up 3.5 pct premarket
The company agreed to appoint three new members to its board, preventing a proxy fight with activist investors Carl Icahn and Mark Rachesky.
** OCLARO INC , Friday close $2.63, down 3 pct post-market
The optical components maker announced preliminary first-quarter revenue of $149 million - below analysts' estimates of $162.2 million, according to Thomson Reuters I/B/E/S.
** UNITEDHEALTH GROUP INC , Friday close $57.13, up 1 pct premarket
The health insurer said it would buy a 90 percent stake in Amil Participacoes SA , Brazil's largest health insurer and hospital operator, for $4.9 billion, tapping into a fast-growing private healthcare market as challenges mount for its U.S. business.
** POPULAR INC , Friday close $18.60, up 0.13 pct post-market
The bank holding company declares dividends on preferred stock, announces distribution on trust preferred securities.
** ZYNGA INC , Friday close $2.48
The company's inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next.
** HOME DEPOT INC , Friday close $63.20
Barclays raised the price target of the home improvement retailer to $70 from $60.
** ENERGY TRANSFER PARTNERS LP , Friday close $43.59
The company said the previously announced merger of Sunoco Inc with one of ETP's subsidiaries was complete.
** COMMUNITY HEALTH SYSTEMS , Friday close $28.96
Jefferies & Co raised the price target of the hospitals operator to $29 from $26.
** EXELON CORP , Friday close $35.91
Barclays Capital cut the price target of the largest nuclear operator to $36 from $40.
** INTERSIL CORP , Friday close $8.11
J.P. Morgan Securities cut the chipmaker's stock to "underweight" from "neutral". The brokerage also cut its price target on the stock to $5.00 from $8.00.
** GOOGLE INC , Friday close $767.65
Google's YouTube, now carrying more polished output, will announce more original channels to the 100 it has introduced in the last year, New York Times reported.
** MAXIM INTEGRATED PRODUCTS INC , Friday close $27.79
J.P. Morgan Securities raised the chipmaker's stock to "neutral" from "underweight."
** PHILIP MORRIS INTERNATIONAL , Friday close $93.74
Nomura Equity Research raised the price target of the company, which owns the Marlboro, L&M and Bond Street brands, to $83.70 from $80.50
(Complied by Aditi Shrivastava in Bangalore)
Keywords: MARKETS USA STOCKS/PULSE