Disney, McDonald’s, Oracle, PepsiCo: U.S. Equity Preview

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses and prices are as of 8:45 a.m. in New York.

Ann Inc. (ANN) : The women’s clothing retailer is poised to rise to the mid-$30s in the next 12 to 18 months if its Ann Taylor revenue recovers and margins improve, Barron’s reported, citing Marshall Kaplan of Morgan Stanley Smith Barney.

CBS Corp. (CBS) : Profit for the owner of the most- watched broadcast network will climb by $180 million this year, helped by political advertising, Chief Executive Officer Les Moonves said at a conference.

Glencore International Plc (GLCNF) (GLCNF US) surged 30.9 percent to $8.31. The largest publicly traded commodities trader made a 3.5 billion-pound ($5.49 billion) bid for Viterra Inc. (VT) , Canada’s largest grain handler, The Sunday Telegraph reported, without saying where it got the information.

Google Inc. (GOOG) : The Web search engine owner increased its share of the U.S. market to 66.4 percent in February, according to comScore.

Harman International Industries Inc. (HAR) increased 1.1 percent to $48.55. The maker of audio equipment for cars and homes is poised to rise 20 percent as more drivers equip their vehicles with satellite navigation displays and voice- controllable communication devices, Barron’s reported.

Masimo Corp. (MASI) : The maker of medical devices said it acquired Spire Semiconductor LLC to speed up development and reduce costs. The financial terms weren’t disclosed.

McDonald’s Corp. (MCD) : Shares of the world’s largest restaurant chain may be overpriced, Barron’s reported in its “The Trader” column.

Michael Kors Holdings Ltd. (KORS) (KORS US) fell 3.6 percent to $47.80. The luxury-goods maker and retailer named for the designer who founded it filed for a secondary offering of 25 million shares.

New Frontier Media Inc. (NOOF) : The Boulder, Colorado- based adult entertainment company confirmed it received an unsolicited buyout offer from Longkloof Ltd. at $1.35 a share. New Frontier rose 17 percent to $1.32 on March 9 after Longkloof said it made the offer.

Oracle Corp. (ORCL) fell 1.6 percent to $29.65. The world’s second-largest software maker was cut to hold from buy at Jefferies Group Inc., citing “greater challenges” to its engineered systems strategy.

Orexigen Therapeutics Inc. (OREX) increased 18.9 percent to $4.40. The drugmaker, which is developing obesity treatments, was raised to buy from neutral at Bank of America Corp.

PepsiCo Inc. (PEP) (PEP US) increased 0.8 percent to $63.65. The world’s largest snack-food maker said that former executive Brian Cornell rejoined the company as chief executive officer of the Americas foods division. Current Americas foods CEO John Compton was promoted to president of the company.

Varian Medical Systems Inc. (VAR) : The maker of radiation equipment used to treat cancer was raised to buy from above average at Caris & Co.

Velti Plc (VELT) (VELT US) increased 16 percent to $11.41. The mobile phone marketing company reported fourth-quarter revenue of $87.1 million, beating the average analyst estimate of $81.7 million.

Walt Disney Co. (DIS) : The largest U.S. entertainment company by market value was raised to buy from neutral at Janney Montgomery Scott.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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