August 8, 2014 / 1:17 PM / 3 years ago

BUZZ-U.S. Stocks on the Move-Tekmira, McDonald's, Zynga, NVIDIA

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were set to rise Friday, with futures reversing earlier losses, as optimism over the Ukraine crisis offset concerns over the implications of U.S. air strikes on Iraq. Dow Jones industrial average e-mini futures were up 0.13 percent at 16,343, S&P 500 futures were up 0.26 percent at 1,910.25 and Nasdaq 100 futures were up 0.19 percent at 3,864.25.

** TEKMIRA PHARMACEUTICALS CORP, Thursday close $14.27, +17.52 pct premarket

The biotechnology company said on Thursday that the U.S. Food and Drug Administration had modified its clinical hold status on its experimental Ebola treatment to enable its potential use in humans infected with the virus.

** MCDONALD‘S CORP, Thursday close $93.31, -0.44 pct premarket

The burger chain said its global sales forecast for 2014 was at risk after a food scare forced it to temporarily withdraw menu items such as Big Macs and Spicy McWings in China.

** ZYNGA INC, Thursday close $2.92, -6.51 pct premarket

At least eight brokerages cut their price targets on the mobile gaming company’s stock by as much as $2 to low of $2.83 on Thursday, after the company reported unexpectedly weaker second-quarter bookings and slashed its 2014 forecast after saying it had delayed several games including a revamped version of “Zynga Poker”.

** SPECTRUM PHARMACEUTICALS INC, Thursday close $7.24, +4.83 pct premarket

The drugmaker reported a net loss of 6 cents per share in the second quarter, smaller than the average analyst estimate of 9 cents. Roth Capital Partners analysts say they expect revenue streams from its cancer drugs, Beleodaq and CE-Melphalan, to strengthen Spectrum’s business model.

** NVIDIA CORP, Thursday close $17.46, +3.89 pct premarket

At least seven brokerages raised their price targets on the graphic chipmaker’s stock after the company forecast current-quarter revenue above analysts’ average estimates, as it benefits from higher demand for PCs from businesses looking to replace older computers.

** ASSURED GUARANTY LTD, Thursday close $21.97, +9.24 pct premarket

The bond insurer reported better-than-expected results in the second quarter helped by change in value of certain derivatives.

** MEDIFAST INC, Thursday close $29, -8.21 pct premarket

The provider of weight-loss products and services trimmed its forecast for full-year profit and revenue and reported weaker-than-expected second-quarter sales as direct channel sales fell 12 percent.

** MEDIVATION INC, Thursday close $75.27, +4.56 pct premarket

The drugmaker raised its full-year U.S. sales forecast for its prostate cancer drug, Xtandi, due to strong demand. At least four brokerages raised their price targets on the stock.

** HIBBETT SPORTS INC, Thursday close $50.07, -10.63 pct premarket

The sports goods retailer cut its full-year profit forecast to $2.63-$2.73 per share from $2.78-$2.98. Suntrust Robinson Humphrey cut its price target on the stock to $60 from $70, while Canaccord Genuity cut it to $47 from $50.

** LULULEMON ATHLETICA INC, Thursday close $39.03, +3.13 pct premarket

The athletic wear retailer’s founder Chip Wilson will sell half of his 27 percent stake in the company to PE firm Advent International for $845 million. The sale is part of the deal in which Wilson agreed not to wage a proxy contest until after the annual shareholder meeting in 2016.

** GAP INC, Thursday close $40.2, +4.78 pct premarket

The apparel retailer estimated second-quarter adjusted earnings between 68 cents and 69 cents per share. Analysts on average expected a profit of 66 cents per share.

** ARISTA NETWORKS INC, Thursday close $72.22, +9.93 pct premarket

The network switch maker reported a better-than-expected adjusted profit in the second quarter and forecast third quarter revenue of $142-$150 million, above the average estimate of $134 million.

** POST HOLDINGS INC, Thursday close $44.51, -17.30 pct premarket

The packaged food maker reported an adjusted loss of 30 cents per share for the third quarter, while analysts had expected a profit of 27 cents. The company also forecast a full-year profit before interest, taxes, depreciation and amortization of $260 million-$270 million, short of analysts’ expectations of $390 million.

** SALIX PHARMACEUTICALS LTD, Thursday close $133.55, -2.73 pct premarket

The drug company forecast lower-than-expected third-quarter revenue. The company also reported second-quarter results that missed the average analyst estimate.

** RUBICON TECHNOLOGY INC, Thursday close $7.49, -13.48 pct premarket

The company, which makes sapphire-based components used in electronic devices, forecast a third-quarter adjusted loss of 39-44 cents per share on revenue of $8-$12 million. Analysts on average estimated a loss of 27 cents per share on revenue of $16.4 million.

** MERCADOLIBRE INC, Thursday close $92.44, +13.63 pct premarket

The Argentina-based online retailer reported better-than-expected adjusted profit and revenue for the second quarter. Gross merchandise volume rose 67 percent while total payments rose 77 percent on a constant currency basis.

** MINERVA NEUROSCIENCES INC, Thursday close $7, -9 pct after market

The drug developer reported a net loss of $19.4 million, or $2.55 per share in the second quarter, compared with loss of $400,000, or 10 cents per share, a year earlier.

** INSULET CORP, Thursday close $35.84, -7 pct after market

The medical device maker cut its full-year revenue forecast, citing changes in a payer’s general pump reimbursement policies that is delaying new patient starts.

** CBS CORP, Thursday close $56.9, +0.62 pct premarket

The TV network owner doubled its share buyback program to $6 billion and hiked its quarterly dividend to 15 cents per share from 12 cents.

** NEWS CORP, Thursday close $17.42

The publisher of the Wall Street Journal reported better-than-expected quarterly revenue as growth in its book publishing business helped to make up for a decline in revenue in its bigger news and information division.

** YAHOO INC, Thursday close $35.66, +0.11 pct premarket

The company said it will join Google Inc to create a secure email system by next year that could make it nearly impossible for hackers or government officials to read users’ messages, The Wall Street Journal reported.

** FREEPORT-MCMORAN INC, Thursday close $36.15, -0.19 pct premarket

The natural resources company has contacted potential buyers about selling its onshore oil wells in California, which could fetch as much as $5 billion, people familiar with the matter said.

** SANTANDER CONSUMER USA HOLDINGS INC, Thursday close $18.23

The U.S. arm of Spanish lender Banco Santander SA said it has recently received a civil subpoena from the U.S. Department of Justice related to its nonprime auto loans. (Compiled by Anannya Pramanick in Bangalore; Editing by Simon Jennings)

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