BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Sinocoking, GoPro, Silicon Motion
(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. stocks rose in a volatile session on Wednesday on reports that new stimulative measures would be announced by the European Central Bank at its meeting tomorrow, though a tepid outlook from IBM limited the Dow's gains. The Dow Jones industrial average was up 0.05 percent at 17,524.8, the S&P 500 was up 0.29 percent at 2,028.39 and the Nasdaq Composite was up 0.24 percent at 4,665.995.
** NETFLIX INC, $410.145, +17.59 pct
The streaming video service said it will complete its expansion into 200 countries within two years, faster than expected, as the company builds its presence overseas while growth in the United States slows. The company said on Tuesday it added 4.3 million subscribers in the quarter that ended in December, beating its own guidance.
** INTERNATIONAL BUSINESS MACHINES CORP, $152.03, -3.13 pct
The world's largest technology services company posted a new 2015 profit target and quarterly revenue that both missed analysts' estimates, as the one-time world technology leader continues to grapple with its journey from low-margin hardware maker to the new world of cloud computing.
** INSPERITY INC, $40.87, +12.47 pct
Activist investor Starboard Value LP urged human resource services provider to explore a potential sale, calling the company deeply undervalued. Starboard, which along with its affiliates holds about a 13.2 percent stake in the company, also suggested ways for management to improve execution, cut operating expenses and improve capital allocation. Continued...