BUZZ-U.S. STOCKS ON THE MOVE-Apple, Cardiovascular, Golar, Mitel
(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) Wall Street rallied on Friday, heading toward its first positive week of 2016, as a cold snap in the United States and Europe helped send oil prices surging for a second day. The Dow Jones industrial average was up 1.04 percent at 16,048.28, the S&P 500 was up 1.72 percent at 1,901.11 and the Nasdaq Composite was up 2.23 percent at 4,571.693.
** APPLE INC, $100.2, +4.05 pct
The tech giant's stock rose as Piper Jaffray's Gene Munster wrote in a client note that investors should buy into Apple heading into its results next week and over the next month.
** AMERICAN EXPRESS CO, $54.98, -12.23 pct
At least nine brokerages including Citigroup, Credit Suisse and Barclays cut their price target on the stock by as much as $28 to as low as $58 after the credit card issuer's disappointing 2016 earnings forecast.
** SCHLUMBERGER LTD, $64.58, +5.09 pct
The world's No.1 oilfield services provider unveiled a $10 billion share buyback program and reported a slightly better-than-expected quarterly profit as it cut costs to weather a prolonged slump in oil prices. Continued...