BUZZ-U.S. STOCKS ON THE MOVE-Echo, Gevo, Mylan
(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 ticked lower on Tuesday, with the Dow industrials weighed by companies reporting earnings while the Nasdaq gained on the back of a proposed merger in the biotech sector. The Dow Jones industrial average was down 0.38 PCT at 17,966.7, the S&P 500 was down 0.09 PCT at 2,098.51 and the Nasdaq Composite was up 20.46 points, or 0.41 percent, at 5,015.06.
** LUMBER LIQUIDATORS HOLDINGS INC, $33.31, +3.32 pct
Cantor Fitzgerald analysts started covering the hardwood flooring retailer's stock with a "buy" rating and a $45 price target. Lumber Liquidators is facing U.S. government investigations after CBS's "60 Minutes" show last month alleged that laminates sourced by the company from China had excessive levels of cancer-causing formaldehyde.
** ALIGN TECHNOLOGY INC, $56.62, +4.46 pct
Morgan Stanley upgraded the dental product maker's stock to "overweight" and raises its price target to $79 from $56 as concerns about intellectual property, a CEO transition and U.S. growth faded.
** LRR ENERGY LP, $8.46, +6.68 pct
** VANGUARD NATURAL RESOURCES LLC, $16.11, -0.74 pct Continued...