MARKET PULSE-Aeroflex, Staples, Clovis, Endocyte, TJX, Tarena

Tue May 20, 2014 9:15am EDT
 
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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. stocks were poised for a flat open on Tuesday, after the S&P 500 advanced for two straight days and investors assessed some of the final corporate results of earnings season. Dow Jones industrial average futures were down 0.10 percent at 16,465, S&P 500 futures were down 0.12 percent at 1,880 and Nasdaq 100 futures were down 0.06 percent at 3,611.

** AEROFLEX HOLDING CORP, Monday close $8.31, +25.15 pct premarket

British aerospace and defense supplier Cobham is buying U.S. communications equipment maker Aeroflex Holding Corp for $1.46 billion, continuing its quest for more commercial customers as its main defense clients cut spending.

** STAPLES INC, , Monday close $13.39, -10.01 pct premarket

The largest U.S. office supply retailer forecast a decline in sales in the current quarter as it struggles to win back shoppers who have shifted office supply purchases to e-retailers, mass merchants and drugstores.

** INTERCEPT PHARMA, Monday close $260, -5.68 pct premarket   Continued...