MARKET PULSE-Invensense, Skullcandy, Och-Ziff, Spirit Aero, Visteon

Fri May 2, 2014 9:14am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, Wall Street was set for a slightly higher open on Friday following a better-than-expected payrolls report that suggested a sharp rebound in economic activity early in the second quarter. Dow Jones industrial average futures were up 0.12 percent at 16,508, S&P 500 futures were up 0.04 percent at 1,878.4 and Nasdaq 100 futures were up 0.22 percent at 3,594.5.

** PFIZER INC, Thursday close $31.15, -0.58 pct premarket

AstraZeneca's board said it had rejected an improved $106 billion takeover offer from the U.S. drug maker, saying the bid undervalued the firm.

** INVENSENSE INC, Thursday close $20.59, -11.12 pct premarket

The motion-sensor chip maker reported fourth-quarter adjusted profit below analysts' average estimate, as it increased research and development spending.

The company also forecast a weak current quarter on a conference call with analysts, prompting at least four brokerages to lower their price targets on the stock.

** MERCK & CO INC, Thursday close $59.62, -0.20 pct premarket   Continued...