BUZZ-U.S. STOCKS ON THE MOVE-Skechers, Whole Foods, Facebook, NXP
(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 were set to open lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September. Dow Jones industrial average futures were down 0.27 percent at 17,634, S&P 500 futures were down 0.34 percent at 2,094.25 and Nasdaq 100 futures were down 0.17 percent at 4,557.25.
** SKECHERS USA INC, Wednesday close $128.44, +12.50 pct premarket
The sports shoe maker and retailer reported better-than-expected 36 percent rise in revenue for the second quarter, helped by pent-up demand following the end of labor disruptions at U.S. West Coast ports and increased shipments of back-to-school items.
** WHOLE FOODS MARKET INC, Wednesday close $40.82, -11.81 pct premarket
The supermarket chain company said on Wednesday same-store sales growth cooled again in the third quarter, hurt by competition and an overcharging scandal in its New York City stores.
** QORVO INC, Wednesday close $70.47, -12.01 pct premarket
The radio frequency chip maker on Wednesday forecast revenue of $690 million-$710 million for the second quarter, way below average analysts' estimate of $743.6 million. Continued...