February 2, 2015 / 4:23 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Airline stocks, Genetic Tech, Moody's

(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 fell on Monday as disappointing reads on consumer spending and the manufacturing sector added to recent concerns that economic data was pointing to slowing conditions. The Dow Jones industrial average was up 0.14 percent at 17,189.73, the S&P 500 was up 0.31 percent at 2,001.11 and the Nasdaq Composite was down 0.49 percent at 4,612.52.

** EXXON MOBIL CORP, $88.6, +1.35 pct

The world’s largest publicly traded oil company said its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a favorable arbitration ruling.

Exxon also said it will reduce its share buyback program in the first quarter by more than half to $1 billion.

For a graphic on ExxonMobil vs. Chevron, (link.reuters.com/red93w)

** AMERICAN AIRLINES GROUP, $48.41, -1.37 pct

** DELTA AIR LINES INC, $46.33, -2.07 pct

** UNITED CONTINENTAL HOLDINGS INC, $68.82, -0.79 pct

** SOUTHWEST AIRLINES CO, $44.14, -2.30 pct

** JETBLUE AIRWAYS CORP, $16.73, -0.36 pct

Major U.S. airlines’ shares down as a huge storm headed for the northeastern United States cause flight cancellations. About 2,000 flights canceled and 2,100 delayed, according to FlightStats website.

** YOU ON DEMAND HOLDINGS INC, $2.88, +40.49 pct

The Chinese video-on-demand provider said it would show Twentieth Century Fox movies in China after the two companies signed a licensing agreement.

** RADIOSHACK CORP, $0.2201, -20.57 pct

Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for the struggling consumer electronics retailer, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

** MOLYCORP INC, $0.42, +27.27 pct

The rare earth miner reported a 22 percent rise in rare earth oxide equivalent production output at Mountain Pass, and said it was seeing strong demand for magnetic rare earth material.

** PLURISTEM THERAPEUTICS INC, $3.13, -15.86 pct

The Israeli drug developer said larger dose of its muscle treatment developed from placental cells is not statistically significant in improving muscle strength in gluteal muscles.

** LANDS’ END INC, $34.25, -1.27 pct

The apparel retailer said CEO Edgar Huber was resigning and would be succeeded by Federica Marchionni, president of Dolce&Gabbana USA Inc.

** GENETIC TECHNOLOGIES, $2.5, -10.39 pct

The molecular diagnostic company’s shares continued to fall for second straight trading day. Shares more than tripled on Thursday, after the Australian company said it would open 6 new breast diagnosis treatment centers.

** ARDELYX INC, $18.95, -29.84 pct

The drugmaker said patients given its experimental kidney drug, tenapanor, showed “distinctly” higher-than-expected rate of diarrhea.

However, the drug, being co-developed with AstraZeneca Plc , achieved the main goal of cutting phosphate levels in patients with chronic kidney disease in a mid-stage study.

** NISKA GAS STORAGE PARTNERS LLC, $3, -21.26 pct

The natural gas storage company’s third quarter per-unit loss widened. Company warns unfavorable market conditions have continued into the fourth quarter.

** ZOGENIX INC, $1.44, +6.67 pct

The U.S. FDA approved a new version of the company’s pain drug, Zohydro.

** MOODY‘S CORP, $87.75, -3.92 pct

The U.S. Department of Justice is investigating Moody’s Investors Services for issuing favorable grades on mortgage deals in the lead-up to the financial crisis, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

** HIGHWAY HOLDINGS LTD, $3.4299, +8.89 pct

The Chinese maker of metal, plastic, electric and electronic components reported Q3 profit that more than doubled to $361,000.

** NATIONAL BANK OF GREECE, $1.23, +11.82 pct

Greece’s new left-wing government will not take any actions that would hurt the share values of the country’s banks and does not plan to appoint party officials at key management posts, the government’s spokesman said on Monday.

Greece’s bank bailout fund HFSF holds majority stakes in three of the country’s four biggest banks, National Bank , Piraeus Bank and Alpha Bank, after their recapitalization.

** ENERGY XXI LTD, $3.15, +7.14 pct

** LINN ENERGY LLC, $10.346, +0.84 pct

** MILLER ENERGY RESOURCES INC, $1.66, +41.88 pct

** OASIS PETROLEUM INC, $13.97, +3.94 pct

** HALLIBURTON CO, $40.5, +1.28 pct

** APACHE CORP, $64.24, +2.67 pct

** TRANSOCEAN LTD, $16.99, +4.23 pct

Crude oil prices rose as investors shrugged off a U.S. refinery strike and focused on a falling U.S. rig count that signaled lower production down the line.

** YINGLI GREEN ENERGY HOLD CO LTD, $1.95, +4.28 pct

** JINKOSOLAR HOLDING CO LTD, $18.75, +5.22 pct

** CANADIAN SOLAR INC, $21.56, +5.74 pct

** TRINA SOLAR LTD, $9.67, +6.85 pct

China aims to install 15 gigawatts of solar power capacity this year, 43 percent more than it added in 2014, as the country seeks to prop up its solar panel sector and boost the use of renewable energy despite a lack of transmission infrastructure.

** 1-800-FLOWERS.COM INC, $8.83, +11.91 pct

The florist and gift shop’s second-quarter revenue doubled, helped by demand for gourmet food and gift baskets.

** CAMTEK LTD, $3.36, +6.85 pct

The Israeli chip testing equipment maker received order from Bay Area Circuits Inc for its Gryphon system, used for 3D printing of components for circuit boards.

** IMPERIAL OIL LTD , $39.22, +5.69 pct

Canada’s second-largest integrated oil producer and refiner expects to spend about $3.2 billion in 2015, 29 percent less than 2014. The company, majority-owned by Exxon Mobil Corp , posted a 36.5 percent fall in quarterly profit, hurt by lower crude prices and weaker refining margins.

** FTI CONSULTING INC, $37.88, -6.86 pct

The business advisory firm estimates 2014 revenue and profit below average analyst estimates and its own forecast, citing lower revenue from its economic consulting and corporate finance and technology segment.

Compiled by Avik Das in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below