Movers & Shakers

March 20, 2014, 4:17 p.m. EDT

Guess slides on outlook; 3-D printer stocks pressured

By Sue Chang and Saumya Vaishampayan, MarketWatch

SAN FRANCISCO (MarketWatch) — Guess Inc. retreated on Thursday after the company released a weak outlook while stocks of 3-D printer makers were pressured after Hewlett-Packard Co. said it’s entering the market.

Guess (NYS:GES)  shares fell 3.4% after the retailer’s forecast for the first quarter and full year missed analyst estimates. Guess said it expects a first-quarter loss of 9 cents to 5 cents a share; revenue of $520 million to $535 million and a full-year, per-share profit of $1.40 to $1.60 on sales of $2.53 billion to $2.58 billion.

ExOne Co.  shares skidded 10% after the 3-D printer maker said it swung to a fourth-quarter loss. The firm also said it expected full-year revenue of $55 million to $60 million, missing the $61.6 million forecast of analysts polled by Thomson Reuters. Shares of 3D Systems Corp. (NYS:DDD)  also fell 4.1% while Stratasys Ltd. (NAS:SSYS)  declined 1.7%.

Chief Executive Meg Whitman said at the company’s annual shareholder meeting on Wednesday that H-P (NYS:HPQ)  is planning to enter the 3-D printer market in June. The company’s shares are off 0.3%.


Housing-related stocks were weak following news that sales of existing homes fell 0.4% in February to 4.6 million units.

Building-products manufacturer Masco Corp. (NYS:MAS)  shares slid 2.8%, the worst loser on the S&P 500. Lennar Corp. (NYS:LEN) shares were off 2.7% and D.R. Horton Inc. (NYS:DHI)  shares shed 2.9%.

Occidental Petroleum Corp. (NYS:OXY)  shares dropped 2.5%. Occidental said recently that it plans to split its California operations into a separate, publicly traded company.

Walter Energy Inc.  shares declined 21%. Standard & Poor’s Ratings Services on Wednesday said it maintained its B- corporate credit rating on Walter and it has a negative outlook. “The negative outlook reflects our expectation that operating results and credit measures will be weak for at least the next 12 months because of continued difficult coal market conditions that have pressured metallurgical (met) coal prices,” S&P said.

Cinedigm Corp. (NAS:CIDM)  sank 15% after the media-content distribution firm said it planned a secondary offering of Class A shares.


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Teradata Corp. (NYS:TDC)  shares gained 4.5%. The data-services provider on Thursday said Japan’s NTT DoCoMo Inc. has chosen Teradata Platform for its credit services business.

Invesco Ltd. (NYS:IVZ)  shares rose 3.6%. The money manager said last week that assets under management rose 3.4% to $791.2 billion as of end of February. Invesco credited positive market returns, total net inflows and foreign exchange for the increase.

Applied Materials Inc. (NAS:AMAT)  added 3.5%. Analysts at Nomura initiated coverage of the stock at a buy with a target price of $30.

Tickers to watch

FSLR: First Solar Inc. (NAS:FSLR)  extended gains to rise 1.6%. The stock’s price target was raised to $70 from $33 at Credit Suisse on Thursday.

HUM: Humana Inc. (NYS:HUM)  gained 1.5%. The stock’s price target was raised to $150 from $120 at J.P. Morgan on Thursday. “We view 2015 as the trough for Medicare Advantage reimbursement and earnings, and believe HUM’s MA-focused business can maintain a premium valuation vs. the group in recognition of the secular long-term high-single-digit growth potential for MA beyond the 2014-15 reimbursement cuts,” said analyst Justin Lake in a report.

EGRX: Eagle Pharmaceuticals Inc. (NAS:EGRX)  climbed 1.2% after the firm said that the Food and Drug Administration had accepted its new drug application for Ryanodex and granted it a priority review classification.

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