BUZZ-U.S. Stocks on the Move-Tesla, Ulta Salon, Autobytel, Weibo

Fri Sep 12, 2014 8:18am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were flat on Friday, with investors holding off on making big bets ahead of the release of key consumer data, though the Dow and S&P 500 were on track to snap a five-week streak of gains. Dow Jones industrial average e-mini futures were up 0.01 percent at 17,044, S&P 500 futures were down 0.01 percent at 1,996.75 and Nasdaq 100 futures were down 0.03 percent at 4,089.75.

** TESLA MOTORS, Thursday close $280.31, +0.39 pct premarket

Nevada Governor Brian Sandoval signed a package of bills to provide $1.3 billion in tax breaks and other incentives for Tesla Motors, putting a bow on the deal for the electric car company to build a massive factory in the state.

** ULTA SALON COSMETICS AND FRAGRANCE INC, Thursday close $97.48, +15.82 pct premarket

The beauty product retailer raised its full-year same-store sales growth forecast to 7.8 percent from 4-6 percent, while its second-quarter sales and profit beat estimates.

The company raised its full-year earnings per share growth estimate to 20 percent from the mid-teens percentage and also forecast higher-than-expected current quarter sales, helped by new products and increased traffic.

  Continued...