MARKET PULSE-Yahoo, Apricus, Autohome, Sodastream, Nimble Storage

Wed Apr 16, 2014 2:38pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter,

April 16 (Reuters) - U.S. stocks rose for a third straight session on Wednesday after China's economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake. The Dow Jones industrial average was up 0.72 percent at 16,379.02, the S&P 500 was up 0.67 percent at 1,855.38 and the Nasdaq Composite was up 0.74 percent at 4,064.094.

** YAHOO INC, $36.11, +5.55 pct

Alibaba Group Holding Ltd's IPO-ALIB.N surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo's shares, analysts said.

Yahoo posted anemic quarterly revenue growth as the Internet company's advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer's comeback effort.

** ZALICUS INC, $1.3893, +34.88 pct

The drug developer said it would merge with privately held Epirus Biopharmaceuticals Inc in an all-stock transaction, creating a Nasdaq-listed company operated by the management of Epirus. Shareholders of Boston-based Epirus will own a majority of shares of the combined company, the percentage of which is subject to the level of Zalicus' net cash at the close of the deal.   Continued...