BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Trinity Bio, Sportsman's Warehouse
(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 rose in a broad advance on Thursday as a reading on the labor market came in better than expected, raising hopes that Friday's payroll report would show similar strength. The Dow Jones industrial average was up 0.26 percent at 17,744.13, the S&P 500 was up 0.30 percent at 2,065.91 and the Nasdaq Composite was up 0.13 percent at 4,886.41.
** TESLA MOTORS INC, $192, +2.35 pct
Credit Suisse analysts expect the carmaker to see strong demand from Europe, based on initial March volume data from some European countries for Tesla's Model S sedan. Tesla sold about 9,500 cars in Europe in 2014, about 30 percent of its total sales last year.
** TRINITY BIOTECH PLC, $17.5, -9.14 pct
The diagnostic products maker priced an offering of $100 million of 4 percent exchangeable senior notes due 2045. Trinity expects about $96.4 million in net proceeds, which it plans to use for possible deals and general corporate purposes. The notes will mature on April 1, 2045, unless purchased, redeemed or exchanged earlier.
** SPORTSMAN'S WAREHOUSE HOLDINGS INC, $8.52, +6.90 pct
The outdoor sports goods retailer reported a better-than-expected fourth-quarter profit on Wednesday and forecast full-year revenue and profit above analysts' estimates. The company's low-cost, no frills store concept has tremendous growth potential and is capable of delivering annual earnings growth of over 20 percent, D.A. Davidson & Co analysts said.