BUZZ-U.S. STOCKS ON THE MOVE-Select Comfort, JPMorgan, American Axle
(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 was set to open higher on Friday in tandem with higher oil prices and a rebound in beaten-down bank stocks, after a punishing, widespread rout this week due to concerns about the health of the global economy. Dow Jones industrial average futures were up 0.87 percent at 15,748, S&P 500 futures were up 1.01 percent at 1,843 and Nasdaq 100 futures were up 0.88 percent at 3,996.25.
** GROUPON INC, Thursday close $2.24, +20.09 pct premarket
The company reported a higher-than-expected quarterly profit, as strong sales in North America and restructuring of its businesses boosted margins.
** SELECT COMFORT CORP, Thursday close $20.51, -17.84 pct premarket
The mattress maker reported lower-than-expected Q4 revenue, hurt by lost sales and higher costs due to issues with its enterprise resource planning software implementation.
** AMERICAN AXLE & MANUFACTURING HOLDINGS INC, Thursday close $11.75, +17.45 pct premarket Continued...