BUZZ-U.S. STOCKS ON THE MOVE-Arena Pharma, Enphase, Meru, Sanofi
(Adds Mobile Telesystems, Frontline, Meru Networks, Sonic Corp, RPM International, Arena, Helmerich & Payne, Sanofi, Enphase, Knightsbridge, Kopin, FireEye, Dick's Sporting Goods) (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 bounced back on Wednesday after five sessions of losses, following strong private sector jobs data and as deflation concerns in the euro zone were seen pushing the bloc's central bank into action. The Dow Jones industrial average was up 1.07 percent at 17,557.86, the S&P 500 was up 1.11 percent at 2,024.81, after five sessions of declines, and the Nasdaq Composite was up 0.86 percent at 4,632.11.
** MOBILE TELESYSTEMS OAO, $7.27, +4.91 pct
Citigroup upgraded the Russian mobile phone operator's stock to "buy" from "neutral". Oil prices are expected to rise in 2016, and economic sanctions against Russia may be revoked by June 2015, which may benefit the company, Citigroup analysts wrote.
** FRONTLINE LTD, $3.28, +3.80 pct
Clarkson Capital Markets upgraded the shipping company's stock to "hold" from "sell", citing expectations of improving tanker market and the company's ability to generate positive cash flow.