BUZZ-U.S. STOCKS ON THE MOVE-DuPont, GM, IBM, Lam Research
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s) U.S. stock index futures rose on Tuesday after earnings results by companies including IBM helped ease fears of a disappointing earnings quarter: Dow Jones industrial average futures were up 0.30 percent at 17,997, S&P 500 futures were up 0.33 percent at 2,098 and Nasdaq 100 futures were up 0.39 percent at 4,424.75.
** INTERNATIONAL BUSINESS MACHINES CORP, Monday close $166.16, +0.69 pct premarket
The world's largest technology services company reported a 12 percent fall in first-quarter revenue as it continues to shed unprofitable businesses to focus on cloud-computing initiatives.
** HALLIBURTON CO, Monday close $47.85
** BAKER HUGHES INC, Monday close $68.34, +0.80 pct premarket
** SCHLUMBERGER NV, Monday close $92.47
Halliburton's decision to cut fewer jobs and keep its logistics network intact to capitalize on its pending merger with Baker Hughes could give Schlumberger NV an edge at a time when cost cuts look like the best way forward. Halliburton is sticking to an "elevated cost structure" as it bets on its capacity to take on more work as a bigger company once the $35 billion deal closes, a move that could cost the company a 2-3 percent decline in near-time margins. Continued...