MARKET PULSE-EnPro, Alnylam, Beam, Sodastream, Lululemon, Twitter
(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 declined on Monday as investors braced for a quarterly earnings season that picks up steam this week and which has raised some red flags about valuations. Dow Jones industrial average futures were down 0.10 percent at 16,365, S&P 500 futures were down 0.30 percent at 1,832.2 and Nasdaq 100 futures were down 0.14 percent at 3,556.5.
** ENPRO INDUSTRIES INC, Friday close $59.21, +31.73 pct premarket
The maker of sealing products will not have to set aside more money than it had expected to meet current and future claims related to a form of cancer caused by exposure to asbestos, according to a court ruling. A bankruptcy court in North Carolina said on Friday $125 million would be enough to meet the claims against the company.
KeyBanc Capital Markets on Monday raised the target price on the stock to $85 from $65.
** ALNYLAM PHARMACEUTICALS INC, Friday close $66.21, +29.44 pct premarket
French drugmaker Sanofi will buy a 12 percent stake in Alnylam Pharmaceuticals for $700 million and deepen their partnership to develop drugs for rare genetic diseases.
** BEAM INC, Friday close $66.97, +25.28 pct premarket Continued...