BUZZ-U.S. STOCKS ON THE MOVE-Nabors, Impax Labs, Potbelly, Staples
(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 on track for a third straight day of gains on Wednesday after a surge in oil prices fired up energy stocks. The Dow Jones industrial average was up 1.46 percent at 16,432.6, the S&P 500 was up 1.56 percent at 1,925.08 and the Nasdaq Composite was up 2.05 percent at 4,526.752.
** KINDER MORGAN INC, $17.16, +9.86 pct
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.
** MIDCOAST ENERGY PARTNERS, $5.56, -22.78 pct
The natural gas company reported lower-than-expected Q4 revenue, hurt by continued dip in oil and natgas prices.