BUZZ-U.S. STOCKS ON THE MOVE-Valeant, 3M, Pacira, Kitov
(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. stock indexes were set to open higher on Tuesday as crude oil prices recovered from near 11-year lows and ahead of a widely expected increase in interest rates later in the week. Dow Jones industrial average futures were up 0.87 percent at 17,487, S&P 500 futures were up 1.04 percent at 2,039.5 and Nasdaq 100 futures were up 0.96 percent at 4,610.25.
** LUMBER LIQUIDATORS HOLDINGS INC, Monday close $14.06, +30.16 pct premarket
Hedge fund manager Whitney Tilson, who had accused flooring retailer Lumber Liquidators of selling flooring laced with cancer causing materials and bet the stock price would drop, said on Monday that he has covered his short position.
** KITOV PHARMACEUTICALS HOLDINGS LTD, Monday close $3.57, +41.46 pct premarket
The company said on Tuesday its lead drug met the main goal of a late-stage study, reducing pain without increasing the risk of heart diseases in patients with a type of arthritis.
** QUALCOMM INC, Monday close $46.83, +1.43 pct premarket Continued...