MARKET PULSE-Sonic, Exelixis, G-III Apparel, Google, Walt Disney

Tue Mar 25, 2014 8:23am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures edged higher on Tuesday, implying a modest rebound off the previous session's decline, though investors continued to watch global issues with caution. Dow Jones industrial average futures were up 0.14 percent at 16,224, S&P 500 futures were up 0.35 percent at 1,855.9 and Nasdaq 100 futures were up 0.33 percent at 3,622.75.

** SONIC CORP, Monday close $20.92, +7.13 pct after market

The drive-in restaurant operator, on Monday, reported a better-than-expected second-quarter profit, helped by a 1.4 percent rise in its same-store sales.

At least four brokerages increased their price targets on the restaurant chain's stock.

** EXELIXIS INC, Monday close $6.27, +13.06 pct premarket

The drug developer said the European Commission granted conditional approval to its cancer drug, Cometriq, as a treatment for patients with medullary thyroid cancer.

The company said its partner, Swedish Orphan Biovitrum , would support marketing of the drug in the European Union through the end of 2015.   Continued...