January 14, 2016 / 2:15 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-GoPro, Yelp, Best Buy, WebMD, Infosys

(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 slightly higher on Thursday as oil prices steadied and JPMorgan's better-than-expected results boosted bank stocks. Dow Jones industrial average futures were up 0.47 percent at 16,132, S&P 500 futures were up 0.56 percent at 1,892 and Nasdaq 100 futures were up 0.44 percent at 4,194.

** JPMORGAN CHASE & CO, Wednesday close $57.34, +1.73 pct premarket

The biggest U.S. bank by assets reported a better-than-expected quarterly profit for the final quarter of the year as a tight lid on expenses and a smaller legal bill made up for sluggish revenue growth.

** GOPRO INC, Wednesday close $14.61, -19.78 pct premarket

The wearable cameras maker estimated fourth-quarter revenue below market expectations due to disappointing sales of its action cameras, and said it would cut 7 percent of its workforce.

** BEST BUY CO INC, Wednesday close $29.26, -9.16 pct premarket

The largest U.S. consumer electronics retailer said it expected its U.S. sales to fall by about 1.5 percent in the current quarter due to weak demand for mobile devices, scanners and printers in the holiday season.

** YELP INC, Wednesday close $22.07, -5.39 pct premarket

B. Riley & Co cut its rating on the consumer review website operator’s stock to “sell” from “neutral”.

** FREEPORT MCMORAN INC, Wednesday close $3.74, +3.74 pct premarket

The mining and energy company’s Indonesian unit has submitted a divestment price to the Indonesian government for an additional stake in one of the world’s biggest copper mines, an energy ministry official said on Thursday.

** BOEING CO, Wednesday close $128.12, +0.69 pct premarket

The aircraft maker and its engineering union said they struck a tentative deal to extend labor contracts for more than 20,000 workers by six years.

** GOLDMAN SACHS GROUP INC, Wednesday close $158.99, +0.83 pct premarket

The bank is planning to shed up to 10 percent of its sales and fixed income trading jobs later in the quarter, the Wall Street Journal reported, citing sources.

** PFIZER INC, Wednesday close $30.37, +0.26 pct premarket

The drugmaker is thinking about selling hospital products maker Hospira’s infusion pump business for about $2 billion, Bloomberg reported, citing people familiar with the matter.

The company also said it aims to drive profits in coming years with more-responsive and easier-to-manufacture new cancer treatments.

** WEBMD HEALTH CORP, Wednesday close $53.21, +9.00 pct premarket

The online provider of healthcare-related information and advice is exploring a potential sale of all or part of its business, the Financial Times reported, citing people familiar with the matter.

** TESCO CORP, Wednesday close $5.6

Lower prices and more staff helped Britain’s biggest supermarket chain post a better- than-expected result over the key Christmas period, suggesting the company may finally be recovering from several years of turmoil.

** FIAT CHRYSLER AUTOMOBILES NV, Wednesday close $7.86, -4.45 pct premarket

The automaker’s shares fell following a media report that said two dealerships had filed a lawsuit accusing it of inflating U.S. sales.

** INFOSYS LTD, Wednesday close $16.46, +6.93 pct premarket

India’s second-largest software services exporter raised its annual revenue growth forecast due to stronger demand for high-margin automation and other services.

** RIO TINTO PLC, Wednesday close $23.81, +3.57 pct premarket

The world’s second largest miner is going to freeze all pay in 2016, ramping up its cost-cutting effort to weather what it expects to be a prolonged commodities slump, according to a memo from Chief Executive Sam Walsh.

** STATOIL ASA, Wednesday close $11.56, +2.08 pct premarket

The oil major has bought an 11.93 percent stake in Sweden’s Lundin Petroleum for 4.6 billion Swedish crowns ($539.57 million), the Norwegian company said.

** NVIDIA CORP, Wednesday close $29.26, -1.91 pct premarket

Barclays downgraded the chipmaker’s stock to “underweight”.

** STARBUCKS CORP, Wednesday close $57.87, +0.09 pct premarket

The world’s largest coffee chain said it would close all its stores in Jakarta after attacks in the Indonesian capital.

** BROWN-FORMAN CORP, Wednesday close $91.51, +0.00 pct premarket

The maker of Jack Daniel’s whiskey said it would sell its liqueur brands, Southern Comfort and Tuaca, to alcohol maker Sazerac for $543.5 million.

** SHAW COMMUNICATIONS INC, Wednesday close $17.22

The Canadian telecom and cable operator posted an unexpected 4 percent drop in first-quarter profit, as it continued to lose television subscribers, offsetting a rise in internet accounts. (Compiled by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below