March 10, 2015 / 1:17 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Calumet, Urban Outfitters, Barnes & Noble

(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 futures pointed to a lower open on Tuesday, pressured by weaker-than-expected data out of China as well as ongoing concerns about debt talks with Greece. Dow Jones industrial average futures {1YMc1;PCTCHNG:2,LAST; [F1>0] were up F1 percent at F2 [F1<0] were down -F1 percent at F2 were unchanged at F2}, S&P 500 futures {ESc1;PCTCHNG:2,LAST; [F1>0] were up F1 percent at F2 [F1<0] were down -F1 percent at F2 were unchanged at F2} and Nasdaq 100 futures {NQc1;PCTCHNG:2,LAST; [F1>0] were up F1 percent at F2 [F1<0] were down -F1 percent at F2 were unchanged at F2}.

** APPLE INC, Monday close {AAPL.O;$HST_CLOSE}, {AAPL.O;+IRGPRC % HST_CLOSE:2} pct premarket

Apple launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook’s first product would be a breakaway hit.

** URBAN OUTFITTERS INC, Monday close {URBN.O;$HST_CLOSE}, {URBN.O;+IRGPRC % HST_CLOSE:2} pct premarket

The apparel retailer reported a better-than-expected quarterly profit as comparable sales rose for the first time in a year, helped by a recovery at the company’s namesake brand and strong demand for its Free People line of clothes.

At least 14 brokerages, including Barclays, Credit Suisse, raised their price targets to as much as $49.

Janney Capital Markets analysts raised their rating to “buy”.

** CALUMET SPECIALTY PRODUCTS PARTNERS LP, Monday close {CLMT.O;$HST_CLOSE}, {CLMT.O;+IRGPRC % HST_CLOSE:2} pct premarket

The company said it would offer 6 million common units, or 8.6 percent of its total outstanding shares. Bookrunners expect to price units at $26.75 each, a 3.9 percent discount to Monday’s close, sources told Reuters.

** QIHOO 360 TECHNOLOGY CO LTD, Monday close {QIHU.K;$HST_CLOSE}, {QIHU.K;+IRGPRC % HST_CLOSE:2} pct premarket

The Chinese antivirus and mobile software maker’s results topped Wall Street estimates for at least the eight quarter in a row. A surge in monthly active users for its software boosted Qihoo’s fourth-quarter profit and revenue.

** QUALCOMM INC, Monday close {QCOM.O;$HST_CLOSE}, {QCOM.O;+IRGPRC % HST_CLOSE:2} pct premarket

The chipmaker said it would buy back up to $15 billion of shares and raise its quarterly dividend. The new buyback plan replaces the previous program, which had $2.1 billion authorization remaining, Qualcomm said.

** VALEANT PHARMACEUTICALS, Monday close {VRX;$HST_CLOSE}, {VRX;+IRGPRC % HST_CLOSE:2} pct premarket

Billionaire investor William Ackman has purchased a 5 percent stake in Valeant, his hedge fund said on Monday, making him the Canadian drug company’s fifth-largest stakeholder.

** ALLIED NEVADA GOLD CORP, Monday close {ANV.A;$HST_CLOSE}

The gold miner and some of its units filed for Chapter 11 bankruptcy protection.

** GLADSTONE INVESTMENT CORP, Monday close {GAIN.O;$HST_CLOSE}, {GAIN.O;+IRGPRC % HST_CLOSE:2} pct premarket

The investment management company plans to sell 3 million shares of common stock. The offering represents 11.3 percent of total outstanding shares, as of March 9.

** VERISK ANALYTICS INC, Monday close {VRSK.O;$HST_CLOSE}

The provider of risk assessment data to the insurance industry said it would buy British energy consultancy Wood Mackenzie for 1.85 billion pounds ($2.78 billion) from buyout firm Hellman & Friedman LLC.

** PFIZER INC, Monday close {PFE;$HST_CLOSE}, {PFE;+IRGPRC % HST_CLOSE:2} pct premarket

The U.S. Food and Drug Administration warned on Monday that Pfizer’s quit-smoking drug, Chantix, has been associated with seizures and that some patients who drink while taking the drug may become aggressive or black out.

** MARKIT LTD, Monday close {MRKT.O;$HST_CLOSE}

The financial data company will acquire the Halifax House Price Index, a closely watched gauge of British house prices, from Lloyds Banking Group, the companies said in a statement on Tuesday. [ID:nS8N0T9018

** BPZ RESOURCES INC, Monday close {BPZ;$HST_CLOSE}

The Texas-based oil producer with operations in Peru filed for bankruptcy protection on Monday, becoming the latest energy company to fold amid low oil prices.

** ALIBABA GROUP HOLDING LTD, Monday close {BABA.K;$HST_CLOSE}, {BABA.K;+IRGPRC % HST_CLOSE:2} pct premarket

Alibaba appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created “China Retail Marketplaces” division.

The appointment marks one of the highest-profile personnel shuffles since China’s largest e-commerce company went public in September.

** OCULAR THERAPEUTIX INC, Monday close {OCUL.O;$HST_CLOSE}

Ocular said its lead eye drug reduced pain and inflammation in patients following cataract surgery in a late-stage trial. The company said it expects results from a second late-stage study for the drug, OTX-DP, by the end of March.

** BARNES & NOBLE INC, Monday close {BKS;$HST_CLOSE}, {BKS;+IRGPRC % HST_CLOSE:2} pct premarket

The largest U.S. bookstore chain’s third-quarter sales fell to $1.96 billion from $2.0 billion. (Compiled by Rohit T.K. in Bengaluru; Edited by Maju Samuel)

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