BUZZ-U.S. STOCKS ON THE MOVE-MoneyGram, Wynn, LPL, Columbia Sportswear
(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 staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector. The Dow Jones industrial average was up 1.51 percent at 15,897.24, the S&P 500 was up 1.53 percent at 1,857.03 and the Nasdaq Composite was up 1.32 percent at 4,323.221.
** GROUPON INC, $2.81, +25.45 pct
The company reported a higher-than-expected quarterly profit, as strong sales in North America and restructuring of its businesses boosted margins. Piper Jaffray ups PT.
** SELECT COMFORT CORP, $15.35, -25.16 pct
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. At least six brokerages cut PT on the stock.
** SQUARE INC, $9.21, +6.84 pct Continued...