BUZZ-U.S. STOCKS ON THE MOVE-IDT, Phoenix New Media, NN, Akorn
(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 1 percent on Tuesday, with major indexes dropping in a broad decline and turning negative for the year amid continued strength in the U.S. dollar. The Dow Jones industrial average was down 1.52 percent at 17,721.5 and the S&P 500 was down 1.37 percent at 2,051.
** URBAN OUTFITTERS INC, $43.8, +10.86 pct
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".
** BARNES & NOBLE INC, $22.66, -8.85 pct
The bookstore chain operator reported a third-quarter profit below analysts' estimates as it paid more tax and invested in the college books business ahead of ITS planned spinoff. Continued...