BUZZ-U.S. STOCKS ON THE MOVE-Flexion, T-Mobile, Catalyst Pharma, Cerner
(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/nex49ssubra) U.S. stock index e-mini futures were higher on Wednesday, setting the stage for a third straight day of gains, as oil prices rose and investors snatched up beaten-down shares. Dow Jones industrial average futures were up 0.82 percent at 16,264, S&P 500 futures were up 0.83 percent at 1,904.5 and Nasdaq 100 futures were up 1.04 percent at 4,135.5.
** KINDER MORGAN INC, Tuesday close $15.62, +12.04 pct premarket
Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in the pipeline operator of about 26.53 million shares worth roughly $395.9 million at year end, while Leon Cooperman's Omega Advisors sold its entire stake of more than 713,000 shares.
David Tepper's Appaloosa Management hedge fund snapped up 9.4 million shares of Kinder Morgan, while Soros Fund Management took a small stake of 50,700 shares.
** FREEPORT MCMORAN INC, Tuesday close $6.37, +3.77 pct premarket
** CHENIERE ENERGY INC, Tuesday close $26.58, +1.99 pct premarket
Activist investor Carl Icahn increased his stake in Freeport McMoRan by 4 million shares to 104 million class B shares over the quarter and increased his stake in beaten-down liquefied natural gas company Cheniere by nearly 31,000 shares compared to a filing in early December.