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Wall Street was set to open lower for a fourth straight day on Thursday, a day after minutes from the latest Federal Reserve meeting highlighted concerns over the state of the global economy and as oil prices hit their lowest since 2009.
Dow Jones industrial average futures were down 0.68 percent at 17,168, S&P 500 futures were down 0.62 percent at 2,060 and Nasdaq 100 futures were down 0.63 percent at 4,475.25.
** WALT DISNEY, Wednesday close $106.45, -2.25 pct premarket
** TIME WARNER, Wednesday close $77.82, -1.67 pct premarket
Bernstein cut its rating on the stocks of the two media companies to “market perform”, saying “We can no longer advocate a view that DIS or TWX will Outperform the market over the next 12-months”.
** NETAPP INC, Wednesday close $29.78, +7.56 pct premarket
The data storage equipment maker reported a better-than-expected quarterly adjusted profit and revenue as its focus on cloud-based storage products started to pay off.
** SEARS HOLDINGS CORP, Wednesday close $23.34, +2.83 pct premarket
The department chain operator reported its first quarterly profit in more than three years thanks to a one-off gain from the sale of stores, but the struggling retailer’s sales continued to decline.
** ONE HORIZON GROUP INC, Wednesday close $1.41, +14.18 pct premarket
YTO Express, one of China’s largest logistics company, will trial One Horizon’s Aishuo VoIP platform in Jiangsu province. The company had launched Aishuo in China in February and last week said it had won a VoIP-supply contract with a Chinese satellite operator.
** DIGITAL ALLY INC, Wednesday close $7.36, +2.04 pct premarket
The surveillance camera maker said it had received an order for 46 DVM in-car video systems, VuLink and FirstVu HD body-worn video cameras from the Wayne County, North Carolina Sheriff’s Office.
** LEAPFROG ENTERPRISES INC, Wednesday close $0.9502, +4.08 pct premarket
** HASBRO INC, Wednesday close $79.58
** MATTEL INC, Wednesday close $22.51, -0.13 pct premarket
** JAKKS PACIFIC INC, Wednesday close $9.3
Oppenheimer started coverage of Hasbro’s stock with a “perform” rating and coverage of the other three toymakers’ stocks with an “outperform” rating.
** EVOKE PHARMA INC, Wednesday close $4.16, +9.13 pct premarket
Brean Capital started coverage on the specialty drug developer’s stock with a “buy” rating and target price at $13.
** RENREN INC, Wednesday close $3.68, -4.89 pct premarket
The Chinese social networking company’s second-quarter revenue fell 34 percent, hurt by lower revenue from games and advertising business.
** PERRY ELLIS INTERNATIONAL INC, Wednesday close $23.48, +7.33 pct premarket
The apparel retailer reported a better-than-expected second-quarter profit, and raised its full-year earnings forecast.
** BALLARD POWER SYSTEMS INC, Wednesday close $1.33, -1.50 pct premarket
Rodman & Renshaw started coverage of the Canadian fuel-cell product maker’s stock with a “buy” rating.
** LUMBER LIQUIDATORS HOLDINGS INC, Wednesday close $14.21, +6.62 pct premarket
Cantor Fitzgerald raised its rating on the laminated flooring retailer’s stock to “buy” from “hold” and its price target to $18 from $15.
** MADISON SQUARE GARDEN CO, Wednesday close $76.42, +2.07 pct premarket
The owner of the New York Knicks and New York Rangers reported better-than-expected fourth-quarter results.
** COEUR MINING INC, Wednesday close $3.72, +2.15 pct premarket
** NEWMONT MINING CORP, Wednesday close $17.93, +2.96 pct premarket
** BARRICK GOLD CORP, Wednesday close $7.9, +3.67 pct premarket
** YAMANA GOLD, Wednesday close $2.29, +4.37 pct premarket
U.S.-listed sharesof gold miners rose as gold hit its highest in nearly five weeks after meeting minutes from the U.S. Federal Reserve suggested policymakers were in no hurry to raise interest rates.
** EXXON MOBIL CORP, Wednesday close $76.23, -0.43 pct premarket
** CHEVRON CORP, Wednesday close $80.91, -0.59 pct premarket
** VALERO ENERGY CORP, Wednesday close $67.87, -0.85 pct premarket
** HALLIBURTON CO, Wednesday close $39.3, -0.46 pct premarket
** SCHLUMBERGER NV, Wednesday close $80.67, -0.46 pct premarket
Stocks of oil producers and service providers fell as U.S. crude oil prices fell to almost $40 a barrel, their lowest since 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.
** FRESH MARKET INC, Wednesday close $27.255, -1.85 pct premarket
Bank of America Merrill Lynch cut its rating on the grocery store operator’s stock to “underperform” and its price target to $25.
** 58.COM INC, Wednesday close $46, -1.09 pct premarket
The Chinese online classifieds provider posted a second-quarter loss compared with a profit a year earlier as operating expenses soared nearly 244 percent. The company’s net cash provided by operating activities was fell to $7.9 million from $22.2 million a year ago. Total revenues increased 147.1 percent, but gross margin fell to 93.7 percent from 94.7 percent.
** APPLIED GENETIC TECHNOLOGIES CORP, Wednesday close $15.51, +9.35 pct premarket
** BIOGEN INC, Wednesday close $315.82, -0.37 pct premarket
Drug developer Applied Genetic said Biogen completed a $30 million equity investment in the company as part of a deal to develop gene-based therapies for a range of eye diseases for which it will be paid $124 million upfront.
** L BRANDS, Wednesday close $81.18, -0.24 pct premarket
The apparel retailer posted second-quarter sales that fell shy of analysts’ estimates and it forecast third-quarter profit below estimates. The company also raised its full-year profit forecast range, but the top end just met market expectations.
** MICRON TECHNOLOGY INC, Wednesday close $15.9, -2.89 pct premarket
Baird cut its rating on the chipmaker’s stock to “neutral” and more than halved its price target to $15 from $36.
** KEYSIGHT TECHNOLOGIES INC,Wednesday close $29.54, +11.21 pct premarket
The electronic measurement instrument maker posted better-than-expected third-quarter profit, helped by lower costs. The company’s 2015 revenue forecast topped analysts estimates.
** SILVERCORP METALS INC, Wednesday close $0.8236, -8.94 pct premarket
The Canadian silver miner said it had chosen to withdraw its listing on the New York Stock Exchange after deciding that the costs and burdens of maintaining the listing outweigh the benefits “during this downturn in the commodity cycle”. The company’s NYSE-listed shares have stayed below $1 for 30-days, which is below the NYSE continued listing requirement.
** SOLERA HOLDINGS INC, Wednesday close $48.65, +2.98 pct premarket
Solera Holdings, which provides technology services to insurance companies, is in advanced talks to sell itself to private equity firms, according to a person familiar with the matter.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Wednesday close $244.91, +0.58 pct premarket
** PALATIN TECHNOLOGIES INC, Wednesday close $7.36, +2.04 pct premarket
Canadian drugmaker Valeant said it would buy Sprout Pharmaceuticals, which just won approval for its “female Viagra” drug Addyi, for about $1 billion plus milestone payments.
The nesw also boost the stock of Palatin, which is creating a drug that could rival Addyi. (Compiled by Sruthi Shankar in Bengaluru; Editing by Savio D‘Souza)