BUZZ-U.S. STOCKS ON THE MOVE-Builders FirstSource, Arca, Arrowhead
(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 were set for a slightly lower open after three straight days of gains, as the corporate earnings season was poised to kick into high gear with a slew of reports this week. Dow Jones industrial average futures were down 0.17 percent at 17,942, S&P 500 futures were down 0.16 percent at 2,092.25 and Nasdaq 100 futures were up 0.02 percent at 4,415.5.
** BUILDERS FIRSTSOURCE INC, Friday close $6.9, +56.52 pct premarket
The building products supplier said it will buy privately held ProBuild Holdings LLC for $1.63 billion in cash.
** QUALCOMM INC, Friday close $69.16, +4.29 pct premarket
Activist investor Jana Partners is asking the chipmaker to consider spinning off its chip unit from its patent-licensing business to boost the chipmaker's sagging stock price, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.
** ARROWHEAD RESEARCH CORP, Friday close $7.91, +12.77 pct premarket Continued...