By Dow Jones Business News,
January 02, 2014, 08:49:00 AM EDT
Among the companies with shares expected to actively trade in Thursday's session are Urban Outfitters Inc. (URBN) and
Plug Power Inc. (PLUG).
Jefferies upgraded clothing and homegoods retailer Urban Outfitters to buy from hold, saying in a note to clients it
sees a turnaround story at Urban Outfitters divisions and significant potential across multiple channels, especially
direct-to-consumer. Shares rose 4.8% to $38.87 in light premarket trading.
Clean energy provider Plug Power said it met order targets for the fourth quarter of 2013, which totaled about $32
million. The company said it saw "significant traction closing out 2013" and it expects the first-quarter bookings to
meet or exceed its fourth-quarter bookings. Shares jumped 19% to $1.85 premarket.
After Apple Inc.'s ( AAPL ) stock rose just 5% last year amid its first earnings per-share drop in a decade, the
company's stock is poised for a rebound, said Cantor Fitzgerald in naming Apple its top large-cap pick in the IT space.
The investment bank highlighted Apple's "strong new product lineup and our recent checks in Asia," which indicate the
company "enjoyed a strong holiday season."
Google Inc.'s ( GOOG ) Motorola Mobility unit dropped the price on its flagship smartphone, Moto X, on Wednesday,
continuing its assault on the high margins of its smartphone rivals.
Martha Stewart Living Omnimedia Inc. ( MSO ) and Macy's Inc. ( M ) have settled a legal dispute stemming from the
homemaking maven's merchandising agreement with rival department-store retailer J.C. Penney Co. ( JCP ). Terms of the
settlement weren't disclosed but both Macy's and Martha Stewart said terms weren't material to their businesses.
Oil major Royal Dutch Shell PLC (RDSA, RDSB) said Thursday it has completed the acquisition of Repsol SA's (REPYY,
REP.MC) liquefied natural gas portfolio outside North America for $3.8 billion net, slightly lower than the $4.4 billion
originally agreed on last February.
After Seagate Technology Inc.'s (STX) shares surged 85% last year to new highs, Pacific Crest sees 2014 gains topping
20% as the investment bank increased its price target to $65 from $58--an increase it admits could be conservative.
Between last week's announcement of the hard-disk-drive maker agreeing to buy data-storage firm Xyratex Ltd. (XRTX) and
Seagate's Kinetic platform, the two "could provide margin upside over the next 12-18 months," said the firm.
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