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U.S. stocks were set to fall at the open on Monday as manufacturing growth across Asia and Europe eased in November, while retailers could be pressured as Thanksgiving weekend in-store sales failed to impress. Dow Jones industrial average e-mini futures were down 0.25 percent at 17,767, S&P 500 e-mini futures were down 0.33 percent at 2,059.5 and Nasdaq 100 e-mini futures were down 0.24 percent at 4,328.
** DREAMWORKS ANIMATION SKG INC, Friday close $23.84, -6.67 pct premarket
FBR Capital Markets cut its rating on the stock to "underperform" from "market perform", according to theflyonthewall.com (bit.ly/1CxRvlz)
The analysts cited weaker-than-expected “Penguins of Madagascar” opening, theflyonthewall.com says.
** EXELIXIS INC, Friday close $1.66, -7.83 pct premarket
The company says its experimental prostate cancer drug failed to meet the main goal of a second late-stage study.
The drug had earlier failed to meet the main goal of a late-stage study.
** GROUPON INC, Friday close $7.53, +5.18 pct premarket
BofA Merrill Lynch upgraded the online discount coupon provider to ”buy“ from ”neutral’, according to theflyonthewall.com.
** OASIS PETROLEUM INC, Friday close $18.38, +1.47 pct premarket
** OCCIDENTAL PETROLEUM CORP, Friday close $79.77, -3.64 pct premarket
** GOODRICH PETROLEUM CORP, Friday close $6.05, -3.97 pct premarket
** ANADARKO PETROLEUM CORP, Friday close $79.15, -0.47 pct premarket
Oil and gas companies’ shares fall premarket after Brent crude fell to a five-year low of below $68
Brent crude was down 43 cents at $69.72/bbl at 1209 GMT following last week’s OPEC decision not to cut production
U.S. crude was down 57 cents at $65.58/bbl, having slipped to an intraday low of $63.72, the lowest since July 2009.
** VODAFONE GROUP PLC, Friday close $36.55, -2.57 pct premarket
The company is reviewing potential acquisitions, including U.S. billionaire John Malone-backed Liberty Global, Reuters reported on Friday, to boost its broadband and cable network businesses
BREAKINGVIEWS-If Vodafone wants Liberty it has to get creative
** LIONS GATE ENTERTAINMENT CORP, Friday close $33.9, +2.47 pct premarket
Dalian Wanda Group Co is in talks to acquire a stake in the film studio, Bloomberg reports (bloom.bg/1FISmOl)
** PORTUGAL TELECOM SGPS SA, Friday close $1.82, -2.75 pct premarket
** GRUPO OI, Friday close $0.5201, +3.83 pct premarket
Telecoms group Altice SA said it would buy the company from Brazil’s largest fixed-line telephone provider Grupo Oi.
** FMSA HOLDING INC, Friday close $9.56, +0.73 pct premarket
Jefferies starts coverage with “buy” rating, $13 price target. Analysts said company well-positioned to meet growing demand for frac sand, which is used in hydraulic fracturing.
Demand for frac sand has risen over the past year as energy companies use higher quantity of sand to extract oil and gas from shale fields.
** GOLDCORP INC, Friday close $19.64, +2.60 pct premarket
** BARRICK GOLD CORP, Friday close $11.89, +2.44 pct premarket
** FIRST MAJESTIC SILVER CORP, Friday close $4.07, +4.18 pct premarket
** ENDEAVOUR SILVER CORP, Friday close $2.61, +3.83 pct premarket
U.S.-listed shares of gold and silver miners up 1-5 pct premarket as Moody’s cuts rating on Japan, sending Japanese yen to 7-year low against dollar, stimulating demand for gold
** COEUR MINING INC , Friday close $4.11
** PARAMOUNT GOLD AND SILVER CORP, Friday close $0.66, +16.67 pct premarket
The biggest U.S. producer of silver is in advanced negotiations to acquire Paramount Gold and Silver, according to people familiar with the matter, as it seeks to expand its mining footprint in Mexico.
** TESLA MOTORS INC, Friday close $244.52, -1.13 pct premarket
BMW is not interested in buying a stake in Tesla, German weekly WirtschaftsWoche reported, citing a BMW statement.
Tesla said last week there had been informal talks between the companies over a possible collaboration in batteries and lightweight components, but there were no plans to set up an alliance.
** ASTRAZENECA PLC , Friday close $74.17, +0.40 pct premarket
** ELI LILLY , Friday close $68.12
** MERCK & CO INC, Friday close $60.4
AstraZeneca and Eli Lilly said on Monday they had started a large trial of their experimental Alzheimer’s drug, seen as a promising, but still risky, approach for slowing the memory-robbing disease.
Merck is currently viewed as being in the lead in the BACE inhibitor field, the technology this drug is based upon. (Compiled by Amrutha Penumudi in Bengaluru; Editing by Sriraj Kalluvila)