BUZZ-U.S. Stocks on the Move-Coca-Cola, Travelers, Apollo, Apple
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Coca-Cola Co and Chipotle Mexican Grill were among the most active names of Tuesday's premarket session, with both stocks falling on heavy volume. Dow Jones industrial average futures were up 0.32 percent at 16,384, S&P 500 futures were up 0.50 percent at 1,909.5 and Nasdaq 100 futures were up 0.81 percent at 3,897.25.
** THE COCA-COLA CO, Wednesday close $43.29, -4.13 pct premarket
Coca-Cola Co said its quarterly profit fell 14 percent and that it was expanding cost-cutting initiatives as carbonated beverage volumes in North America declined.
** CHIPOTLE MEXICAN GRILL INC, Monday close $653.03, -5.06 pct premarket
Morgan Stanley cut its price target on Chipotle Mexican Grill's stock to $696 and Wunderlich Securities to $660 from $680. The median price target on the stock is $712.50.
Chipotle reported on Monday another acceleration in quarterly restaurant sales growth, but shares in the popular burrito seller tumbled after it signaled that such momentum would not last forever. Continued...