April 21, 2015 / 12:22 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Brainstorm, Harley-Davidson, Mylan

7 Min Read

(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 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 0.38 percent at 18,011, S&P 500 futures were up 0.41 percent at 2,099.5 and Nasdaq 100 futures were up 0.44 percent at 4,427.

** MYLAN NV, Monday close $68.045, +7.28 pct premarket

** PERRIGO CO PLC, Monday close $198.08, -2.90 pct premarket

** TEVA PHARMACEUTICAL INDUSTRIES, Monday close $63.29, +2.72 pct premarket

Israel's Teva could make a public, unsolicited offer for rival Mylan as soon as Tuesday, Bloomberg reported, citing people with knowledge of the matter. (bloom.bg/1QdnUlB) Mylan offered to buy Perrigo for about $29 billion earlier this month. Many see this as a trigger for Teva to act before Mylan becomes an even larger target, Bloomberg reported.

** BRISTOL-MYERS SQUIBB CO, Monday close $65.86, +2.16 pct premarket

Morgan Stanley analysts upgraded the drugmaker's stock to "overweight" from "equal-weight" and raised its price target to $80 from $60. The company's lung cancer drug, Opdivo, proved effective against a second type of lung cancer on Friday.

** BRAINSTORM CELL THERAPEUTICS INC, Monday close $4.47, +12.08 pct premarket

The company's adult stem cell treatment was beneficial to patients with amyotrophic lateral sclerosis in a mid-stage trial. In the United States, 5,600 people are diagnosed each year with the neurodegenerative disease, also known as Lou Gehrig's disease.

** HARLEY-DAVIDSON INC, Monday close $61.77, -6.91 pct premarket

The motorcycle maker posted a higher quarterly net profit, but lowered its sales forecast for 2015, citing an aggressive price discounting by competitors.

** LOCKHEED MARTIN CORP, Monday close $196.8, +0.05 pct premarket

The Pentagon's No. 1 weapons supplier reported a 6 percent fall in quarterly profit, partly due to fewer aircraft deliveries. The company's net income fell to $878 million, or $2.74 per share, in the first quarter ended March 29, from $933 million, or $2.87 per share, a year earlier.

** KIMBERLY-CLARK CORP, Monday close $107.36, +4.08 pct premarket

The company reported a 4 percent fall in quarterly sales as demand for personal care products such as Huggies diapers fell for the third straight quarter in North America and a strong dollar hurt sales in other markets.

** UNDER ARMOUR INC, Monday close $87.76, -2.58 pct premarket

The sports apparel maker reported a 13.4 percent fall in quarterly profit, hurt by higher costs related to its recent acquisitions.

** OMNICOM GROUP INC, Monday close $77.88

The No. 1 U.S. advertising company, reported its first fall in quarterly revenue after four years, hurt by a strong dollar and stiff competition in overseas markets.

** TRAVELERS COS INC, Monday close $106.14, -1.28 pct premarket : Property and casualty insurer reported a 21 percent fall in quarterly net profit due to lower net investment income and a drop in underwriting gains. [ID: nL4N0XI4AH]

** INTERNATIONAL BUSINESS MACHINES CORP, Monday close $166.16, +0.20 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, -0.79 pct premarket

** BAKER HUGHES INC, Monday close $68.34, -0.79 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.

Australia's antitrust watchdog began a review of the takeover, aiming to issue a decision or outline any concerns about the deal by July 9.

** TECK RESOURCES LTD, Monday close $13.83, -2.39 pct premarket

The Canadian miner slashed its half-yearly dividend and posted a quarterly profit below analysts' estimates as prices for steel-making coal and copper remained depressed.

** QUALCOMM INC, Monday close $68.64, +0.52 pct premarket

The U.S. chip maker plans to have its next-generation Snapdragon 820 mobile processors manufactured by Samsung Electronics Co Ltd, tech news website Re/code reported, citing unnamed sources. The move comes after Samsung opted to use its own Exynos processors for the recently launched flagship Galaxy S6 devices instead of the Snapdragon 810, prompting the U.S. firm to cut is financial outlook for the year.

** DUPONT, Monday close $72.84, +0.47 pct premarket

The chemical conglomerate reported a 28 percent fall in first-quarter profit, hurt by a strong dollar. Net income attributable to DuPont fell to $1.03 billion, or $1.13 per share, in the quarter ended March 31, from $1.44 billion, or $1.54 per share, a year earlier.

** YAHOO INC, Monday close $44.655, +1.11 pct premarket

** MICROSOFT CORP, Monday close $42.905, +0.10 pct premarket

The tech companies added a termination clause to the terms of their search partnership agreement under which either company can end the deal on or after Oct. 1, according to a regulatory filing by Yahoo on Monday. (1.usa.gov/1En0U0y).

** GENERAL ELECTRIC CO, Monday close $27.02, +0.19 pct premarket

** WELLS FARGO & CO, Monday close $54.36, +0.81 pct premarket

GE is in early-stage talks with the bank about selling its entire $74 billion U.S. commercial lending and leasing portfolio to the bank, according to a source familiar with the situation.

** GENERAL MOTORS CO, Monday close $37.11, +0.78 pct premarket

Hedge fund manager David Einhorn's Greenlight Capital has taken a new stake in the automaker, nearly a year after selling off its position, the firm said in a letter to clients on Monday, seen by Reuters.

** ENCANA CORP, Monday close $13.52, +2.37 pct premarket

Canada's largest natural gas producer is considering selling its natural gas properties in Haynesville Shale basin acreage in Louisiana, Bloomberg reports, citing sources.

** LAM RESEARCH CORP, Monday close $71.99, +11.11 pct premarket

The chip gear maker's revenue for the first quarter rose 13 percent to $1.39 billion as shipments jumped 19 percent.

** FORTINET INC, Monday close $34.63, +10.74 pct premarket

The security software maker reported a better-than-expected first-quarter profit and revenue. (Compiled by Rosmi Shaji in Bengaluru; Editing by Joyjeet Das)

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