BUZZ-U.S. STOCKS ON THE MOVE-Oxford Industries, Gevo, Dave & Buster's
(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) Wall Street was set for a slightly higher open on Wednesday, a day after the S&P closed at a near 11-month high, as oil prices rose again and chances of an interest rate hike in the near term faded. Dow Jones industrial average futures were up 0.16 percent at 17,962, S&P 500 futures were up 0.15 percent at 2,113.5 and Nasdaq 100 futures were up 0.19 percent at 4,523.
** VERIFONE SYSTEMS INC, Tuesday close $28.23, -29.61 pct premarket
The credit card swipe machine maker said it intends to reduce headcount and conduct strategic review to address underperforming businesses. The company also posted a lower-than-expected second quarter earnings and cut full-year adjusted earnings and revenue guidance.
** FLEXION THERAPEUTICS INC, Tuesday close $16.09, -11.68 pct premarket
The specialty pharma company announced a follow-on offering of $60 million of common stock on Tuesday. Bookrunners Wells Fargo, Royal Bank of Canada and Bank of Montreal are marketing shares in the range of $13.75-$14.25, at a discount of 11.4-14.5 percent to the stock's last sale.
** LULULEMON ATHLETICA INC, Tuesday close $68.14, +0.68 pct premarket Continued...