February 19, 2016 / 4:22 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Valeant Pharma, oil stocks, TrueCar

(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) U.S. stock indexes were lower on Friday morning, led by energy shares as a rally in oil prices fizzled out, and as CPI data indicating firmer inflation trends rekindled prospects of a rate hike this year. The Dow Jones industrial average was down 0.33 percent at 16,359.16, the S&P 500 was down 0.25 percent at 1,913.05 and the Nasdaq Composite was up 0.17 percent at 4,495.257.

** TRUECAR INC, $4.86, -15.77 pct

The online car-shopping service provider posts bigger-than-expected Q4 loss as its total costs and operating expenses jump.

** ICONIX BRAND GROUP INC, $7.99, +2.83 pct

The owner of Umbro and Lee Cooper brands announces conclusion of investigation by staff of the Securities and Exchange Commission related to accounting for formation of certain joint ventures.

** TRINITY INDUSTRIES INC, $16.43, -22.21 pct

The railcar maker’s forecast misses expectations by a wide margin.

** APPLIED MATERIALS INC, $18.605, +8.36 pct

The world’s largest supplier of tools used to make semiconductor chips forecasts higher-than-expected current-quarter profit and revenue.

** NORDSTROM INC, $48.55, -7.91 pct

The department store operator reports lower-than-expected quarterly profit.

** VF CORP, $59, -3.67 pct

Reports lower-than-expected Q4 profit and revenue.

** VALEANT PHARMACEUTICALS, $87.57, -6.95 pct

Wells Fargo initiates with “underperform” rating and a $65-$68 valuation range on the Canadian drugmaker’s U.S-listed shares.

** SOUTHWESTERN ENERGY CO, $7.21, -15.08 pct

** MURPHY OIL CORP, $15.61, -8.18 pct

** ANADARKO PETROLEUM, $34.83, -5.94 pct

** DEVON ENERGY, $18.31, -7.06 pct

** EXXON MOBIL CORP, $81.4, -1.27 pct

** CHEVRON CORP, $85.2, -1.76 pct

Shares of oil and gas companies down after oil prices fell as talk of a coordinated plan by producers to freeze output levels was tempered by a record build in U.S. crude inventories.

** YAHOO INC, $29.95, +1.80 pct

Forms a committee of independent directors to explore strategic alternatives, alongside its plan to revamp and spin off its Internet business.

** DEERE & CO, $77.35, -3.71 pct

The maker of John Deere tractors reports lower quarterly earnings and cuts fiscal-year outlook.

** EQT CORP, $59.12, -2.95 pct

Appalachian Basin-focused natural gas producer offers 6.5 mln shares, about 4 pct of total outstanding, at $58.50, a 4-pct discount to Thursday’s $60.92 last sale price.

** FLUOR CORP, $44.69, -3.81 pct

FBR & Co cuts rating to “market perform” from “outperform”, PT to $46 from $57, after company posts lower-than-expected Q4 results on Thursday.

Compiled by Abhirup Roy in Bengaluru; Editing by Sriraj Kalluvila

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