MARKET PULSE-Safeway, FireEye, Skullcandy, Foot Locker

Fri Mar 7, 2014 7:50am 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, with the S&P 500 set to close a fourth week of gains in five, ahead of key jobs market data and amid lingering tensions in Ukraine. Dow Jones industrial average futures were up 0.09 percent at 16,430, S&P 500 futures were up 0.11 percent at 1,878.4 and Nasdaq 100 futures were up 0.09 percent at 3,725.25.

** SKULLCANDY INC, Thursday close $7.43, +23.82 pct premarket

The headphones maker reported better-than-forecast fourth-quarter results on Thursday and said it expected net sales to grow in mid- to high-single digits in 2014.

Northland Securities raised its rating on the stock to "outperform" from "market perform", according to Theflyonthewall.com.

** SAFEWAY INC, Thursday close $39.47, -2.46 pct premarket

The second-largest U.S. mainstream grocery store operator said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.   Continued...