BUZZ-U.S. Stocks on the Move-Dycom, Douglas Dynamics, Brown Shoe
(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) U.S. stocks edged higher on Tuesday following a reading on economic growth that was much stronger than expected, but sharper gains were difficult to come by in a quiet week with major indexes at records. The Dow Jones industrial average was up 0.09 percent at 17,834.53 and the S&P 500 was up 0.08 percent at 2,071.06.
** SINOCOKING COAL AND COKE CHEMICAL INDUSTRIES, $3.6127, +27.66 pct
The coal and coke processor says its aboveground plant for conversion of carbon dioxide into clean-burning syngas has achieved its initial production target of 25,000 cubic meters per hour. The company also said that gross revenue generated per day by facility is about $83,280, based on syngas price of $0.139 per cubic meter.
** DYCOM INDUSTRIES INC, $30, +14.50 pct
The engineering and construction contract services provider reported better-than-expected Q1 profit and Q2 earnings and revenue forecast largely above Wall Street estimates.
** REVOLUTION LIGHTING TECHNOLOGIES INC, $1.25, -14.97 pct Continued...