BUZZ-U.S. STOCKS ON THE MOVE-Exxon, Apple, Fossil, Sasol, Hilton, Actavis
(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. stock index e-mini futures were little changed on Wednesday: Dow Jones industrial average futures were up 0.04 percent at 18,008, S&P 500 futures were down 0.02 percent at 2,095.5 and Nasdaq 100 futures were up 0.06 percent at 4,384.5.
** FOSSIL GROUP INC, Tuesday close $99.32, -13.41 pct premarket
The fashion accessories retailer reported lower-than-expected quarterly revenue and profit due to a decline in watch and leather products sales in North America. The company also said net sales would decrease up to 7.5 percent in the first quarter and that 2015 profit would be significantly hurt by a strong dollar and restructuring charges.
At least five brokerages cut their price target on the stock, with Evercore ISI's $50 cut to $100 being the biggest.
** SASOL, Tuesday close $41.25, -8.75 pct premarket
The South African petrochemicals group signalled it will cut its dividend to save cash in the face of falling oil prices. Continued...