BUZZ-U.S. Stocks on the Move-GameStop, Sotheby's, Splunk, Lexicon

Fri Nov 21, 2014 9:14am EST
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was poised to open higher on Friday, setting major stock indexes up for a fifth week of gains, after China's central bank cut its benchmark interest rate for the first time in more than two years to boost its cooling economy. Dow Jones industrial average futures were up 0.87 percent at 17,848, S&P 500 futures were up 0.85 percent at 2,069.5 and Nasdaq 100 futures were up 0.77 percent at 4,277.75.

** ALIBABA GROUP HOLDING LTD, Thursday close $109.82, +2.57 pct premarket

The Chinese e-commerce company wowed the markets on Thursday with its ground-breaking $8 billion debut dollar bond, pricing it at levels in line with and even tighter than some of the world's best-known companies.

** GAMESTOP CORP, Thursday close $43.87, -9.80 pct premarket

The Video game products retailer posted quarterly revenue and profit well below analysts' estimates as the delayed release of "Assassin's Creed Unity," and flagging videogame software sales more than offset high demand for PlayStation 4 and Xbox One consoles.

At least four brokerages cut their price targets on the stock by as much as $10.

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