August 7, 2015 / 3:33 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Century Aluminum, gold & silver stocks

9 Min Read

(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 fell in early trading on Friday, with the major indexes poised to close in the red for the week, after solid job growth in July pointed to an improving economy, opening the door wider for an interest rate hike in September. Dow Jones industrial average futures were down 0.73 percent at 17,248, S&P 500 futures were down 0.67 percent at 2,065.5 and Nasdaq 100 futures were down 0.73 percent at 4,491.5.

** NEOPHOTONICS CORP, $5.92, -33.33 pct

The company, which makes chips used in telecommunication networks, forecasts a third-quarter profit of 1 cent to 9 cents, well below the average analyst estimate of 13 cents.

** OCEAN RIG UDW INC, $3.575, +2.14 pct

The offshore driller reported a higher-than-expected second quarter profit, helped by lower operating expenses. Drilling rig and drillship operating costs fell 22 percent.

** CAPSTONE TURBINE CORP, $0.352, +13.55 pct

The microturbine energy systems maker reported on Thursday higher-than-expected first quarter revenue for the first time in more than 2 years, helped by strong sales in its combined heat and power business.

** TETRA TECHNOLOGIES INC, $5.92, +18.40 pct

The oilfield services company reported a second-quarter profit, compared with a year-earlier loss, helped by customer additions, new products and cost cuts.

** HERCULES TECHNOLOGY GROWTH CAPITAL INC, $12.08, +10.02 pct

The specialty finance company reported better-than-expected second quarter net investment income on Thursday, helped by higher fee income. Keefe, Bruyette & Woods raised the company's stock to "outperform" from "market perform" and MLV & Co raised to "buy" from "hold."

** AMTECH SYSTEMS INC, $5.92, -10.17 pct

The semiconductor device maker forecasts fourth quarter revenue to be in the range of $26-$28 million, lower than analysts' estimate of $33.1 million. The company expects fourth-quarter operating margin to be negative due to higher R&D expense resulting from lower government grant recognition.

** ALNYLAM PHARMACEUTICALS INC, $103.24, -13.87 pct

The drug developer said 3 patients in a mid-stage study of its experimental heart therapy, revusiran, discontinued due to diffuse injection-site related rashes. Cowen & Co analysts said injection site reactions could limit product's commercial potential; added that reaction could be addressed by second-generation product.

** NABORS INDUSTRIES LTD, $11.87, -4.20 pct

Analysts at Global Hunter Securities cut target price on the contract driller's stock to $14 from $16 as the company's guidance for international markets "suggests that utilization will come down in third quarter".

** CENTURY ALUMINUM CO, $6.5, -20.92 pct

Brokerage Cowen and Co cuts price target on the aluminum producer's stock to $7 from $10, citing lower aluminum prices in a weak commodity price environment.

"We appreciated the proactive nature with which management is responding to current market conditions, but question whether these efforts will be enough," Cowen and Co analyst Anthony Rizzuto Jr wrote.

** MONSTER BEVERAGE CORP, $149.51, +3.20 pct

UBS analysts raised their price target on the energy drink maker's stock by $12 to $166, saying they expect revenue growth, distribution gains, and margin growth accruing to the company.

** SUNEDISON INC, $16.33, -4.39 pct

The U.S. solar company's shares on track for worst two-day loss in two years. Three brokerages cut their price target on SunEdison's stock.

"Softer launch of Terraform Global than expected ... we have notably discounted our assessment of SunEdison's economic interests from an approximate value of ~$7/SunEdison share to ~$3," brokerage Cowen & Co.

** PAR PETROLEUM CORP, $20.27, +9.39 pct

The petroleum products refiner reported higher-than-expected second quarter profit and revenue on Thursday, helped by higher demand in Singapore and West Coast markets.

** SEABRIDGE GOLD INC, $4.66, +20.10 pct

** BARRICK GOLD CORP, $7.16, +4.07 pct

** HARMONY GOLD MINING CO LTD, $0.9817, +3.20 pct

** IAMGOLD CORP, $1.64, +10.07 pct

** YAMANA GOLD INC, $1.94, +7.78 pct

** PRIMERO MINING CORP, $2.81, +3.69 pct

** KINROSS GOLD CORP, $1.86, +2.20 pct

** ANGLOGOLD ASHANTI LTD, $5.91, +1.37 pct

U.S.-listed shares of gold and silver miners rose 3-15 percent in morning trading. Gold steadied on Friday as investors assessed U.S. non-farm payrolls data that could open the door to a Federal Reserve interest rate hike in September.

** SPROUTS FARMERS MARKET INC, $21.37, -9.06 pct

The natural foods retailer's second-quarter profit missed analysts' estimates as costs jumped 23 percent.

** PIXELWORKS INC, $4.89, -11.25 pct

The projector maker announced a common stock offering. The company said it intends to use net proceeds for general corporate purposes, including increasing working capital, financing of ongoing operating expenses and overhead and funding capital expenditures.

** NOODLES & CO, $12.5752, -16.94 pct

The pasta and sandwich restaurant chain forecast full-year adjusted profit and revenue below analysts' estimates.

At least six brokerages cut PT by as much as $7 to as low as $12; Piper Jaffray & Co cut rating to "neutral" from "overweight."

** NVIDIA CORP, $22.46, +9.83 pct

The chipmaker reported a surprise rise in second-quarter revenue and forecast better-than-expected third quarter revenue, helped by strong demand for graphic chips used in gaming and cars. At least 8 brokerages raised their price target on the company' stock.

** BOJANGLES INC, $24.88, +5.29 pct

The chicken-and-biscuits restaurant chain raised its 2015 revenue forecast and also reported better-than-expected second quarter sales, profit helped by 13 new restaurants opened in the quarter.

** NVIDIA CORP,$22.46, +9.83 pct

The chipmaker reported better-than-expected second quarter revenue, driven by demand for graphic chips used in gaming and car. The company forecast third-quarter revenue above average analysts' estimate.

** STAMPS.COM INC, $84.39, +27.73 pct

The online postage services provider's second-quarter profit handsomely beat estimate; revenue ahead of expectations as well.

** ICONIX BRAND GROUP INC, $15.0105, -23.42 pct

The company, which licenses retail brands, said founder Neil Cole is stepping down as chief executive and chairman. Cole, who will serve as special adviser through Sept. 30, founded Iconix in 2005 and has led company since then.

** FX ENERGY INC, $0.92, -9.80 pct

The oil and gas producer said it is looking to sell itself and engaged Evercore Group LLC as financial adviser. The company reported a smaller loss for the second quarter, helped by lower impairment charges and costs.

** FLUIDIGM CORP, $12.75, -36.03 pct

The life sciences research company's second-quarter revenue lower than expected, hurt by falling demand for consumables from production genomics customers and a decline in sales of single-cell genomics instruments. The company lowered 2015 revenue forecast, saying the year continues to be a challenging one.

** IMPERVA INC, $70.84, +9.69 pct

The data security service provider's second-quarter revenue tops expectations as services revenue rises 35 percent. The company also posted a smaller-than-expected adjusted loss.

** NU SKIN ENTERPRISES INC, $47.09, +20.25 pct

The skin care and nutritional product maker's second-quarter profit beats analysts' estimate as operating costs fell. The company lowered 2015 revenue forecast as it expects the stronger dollar to hurt the second-half more than expected previously.

** HERSHEY CO, $88.68, -3.82 pct

The company reported flat quarterly sales, its weakest sales performance in more than five years, hurt by low demand in China.

** GROUPON INC, $4.41, -5.77 pct

The operator of daily deals website groupon.com reported a lower-than-expected rise in quarterly revenue and forecast revenue to fall more than expected in the current quarter as a strong dollar weighed on gross billings. (Compiled by Neha Dimri in Bengaluru; Edited by Maju Samuel)

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