BUZZ-U.S. STOCKS ON THE MOVE-Nike, Tempur Sealy, Origin Agritech
(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 rose on Wednesday, helped by higher oil prices and gains in financial stocks ahead of Federal Reserve Chair Janet Yellen's testimony before a Congressional committee. The Dow Jones Industrial Average was up 0.04 percent at 18,235.36, the S&P 500 was down 0.03 percent at 2,159.33 and the Nasdaq Composite was down 0.03 percent at 5,304.355.
** NIKE INC, $54.51, -1.50 pct
At least six brokerages cut their price targets on the sportswear and footwear maker's stock as future orders missed analysts' estimates for the third time in a row.
** TEMPUR SEALY INTERNATIONAL INC, $58.59, -21.30 pct
** SELECT COMFORT CORP, $23.57, -6.17 pct
Tempur Sealy said it expected a 1-3 percent fall in full-year revenue from a year earlier, and cut its adjusted EBITDA forecast for the period.
** ORIGIN AGRITECH LTD, $2.76, +18.45 pct
The agricultural biotechnology company said on Tuesday that it would sell its China-based commercial corn seed production and distribution unit for about $60 mln to Beijing Shihui Agricultural Development Co Ltd. Continued...