MARKET PULSE-Walgreen, Red Hat, Carmax, Navistar, Tibco Software

Fri Dec 20, 2013 9:12am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures edged higher on Friday, after data showed the U.S. economy grew at its fastest pace in almost two years in the third quarter. S&P 500 futures rose 2.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 5 points and Nasdaq 100 futures rose 18 points.

** BLACKBERRY LTD, Thursday close $6.25, +2.40 pct premarket

The smartphone maker said it had agreed to a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture a handset for Indonesia as well as other fast-growing markets.

** WALGREEN CO, Thursday close $56.94, -2.53 pct premarket

The largest U.S. drugstore operator reported higher quarterly sales, but an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into its gross profit margin.

** MIMEDX GROUP INC, Thursday close $7.75, +2.06 pct premarket   Continued...