(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 rallied on Friday, setting up a fifth consecutive week of gains on Wall Street, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. The Dow Jones industrial average was up 0.53 percent at 17,812.82, the S&P 500 was up 0.52 percent at 2,063.34 and the Nasdaq Composite was up 0.49 percent at 4,724.9.
** NATURAL GROCERS BY VITAMIN COTTAGE INC, $22.97, +18.71 pct
The organic grocery product retailer’s fourth-quarter sales rose 17.8 pct as more people shopped at its stores. The stock was the top percentage gainer on the New York Stock Exchange.
** GAMESTOP CORP, $38.25, -12.15 pct
The video game products retailer posted quarterly revenue and profit well below analysts’ estimates as the delayed release of “Assassin’s Creed Unity,” and flagging videogame software sales more than offset high demand for PlayStation 4 and Xbox One consoles.
At least four brokerages cut their price targets on the stock by as much as $10.
** E-HOUSE CHINA HOLDINGS LTD, $9.68, +14.83 pct
** LEJU HOLDINGS LTD, $13.46, +12.73 pct
** SOUFUN HOLDINGS LTD, $9.19, +16.48 pct
The Chinese online real estate companies rose as China cuts interest rates unexpectedly. Beijing’s first rate cut in more than two years comes as a balm to the weak property market, which has long been a pillar of growth.
** ARUBA NETWORKS INC, $19.36, -11.19 pct
The network equipment maker forecast second-quarter adjusted profit and revenue that fell short of analysts’ estimates. At least four brokerages cut their price targets on the stock by as much as $3 to a low of $20.
** SPLUNK INC, $68.79, +5.93 pct
The data analytics software maker reported a better-than-expected 48 percent jump in quarterly revenue as it added more customers.
At least 13 brokerages raised their price targets on the stock by as much as $18 to as high as $85. The median price target on the stock is $74.50, according to Thomson Reuters data.
** GAP INC, $38.03, -5.26 pct
The apparel retailer cut its full-year earnings forecast as sales at the Gap brand continued to fall and demand for the cheaper Old Navy clothing slowed.
** SOTHEBY’S, $42.4, +8.08 pct
William Ruprecht, the long-serving chief executive of Sotheby’s, is stepping down, the centuries-old auction house said on Thursday, roughly a year after activist investors including Daniel Loeb began demanding big changes.
** PETROLEO BRASILEIRO SA, $10.29, +5.97 pct
** SWIFT ENERGY CO, $6.78, +3.99 pct
** STONE ENERGY CORP, $23.34, +3.37 pct
** NABORS INDUSTRIES LTD, $16.75, +2.32 pct
** HALLIBURTON CO, $50.49, +2.60 pct
** BAKER HUGHES INC, $65.33, +1.43 pct
Shares of oil producers and oilfield services providers rose as oil jumped for a second straight day, with benchmark Brent crude returning above the $80 level after slipping below it last week.
Top petroleum buyer China cut its interest rates and speculation mounted that OPEC will cut output.
** EDAP TMS SA, $2.3332, +17.84 pct
The French medical device maker’s shares continued their rally. The company on Thursday reported a profit for the third quarter, compared with a loss a year earlier, helped by higher sales of its ultrasound prostate cancer device, ablatherm.
Analysts at HC Wainwright & Co anticipate growth in the company’s ultrasound franchise and see strength in its lithotripsy business for treating kidney stones.
** ALIBABA GROUP HOLDING LTD, $111.62, +1.64 pct
The Chinese e-commerce company wowed the markets on Thursday with its ground-breaking $8 billion debut dollar bond, pricing it at levels in line with and even tighter than some of the world’s best-known companies.
** DOW CHEMICAL CO, $52.84, +2.64 pct
** THIRD POINT LLC, $14.74, +0.34 pct
U.S. chemical maker Dow said it would add four independent directors to board as part of agreement with hedge fund Third Point.
** HANWHA SOLARONE CO LTD, $1.94, +4.86 pct
The Chinese solar panel maker’s third-quarter loss narrowed on a 17.4 percent rise in PV module shipments. The company forecast 400-425 MW solar module shipment for the fourth quarter, compared with 373.2 MW in the third quarter.
** CYTORI THERAPEUTICS INC, $0.4498, +8.75 pct
The drug developer said its cell therapy in combination with a bone graft showed promise in treating patients with torn ligaments.
** ON TRACK INNOVATIONS LTD, $1.655, -12.89 pct
The wireless payment system maker priced a public offering of 6.25 million common shares at $1.60 per share, a discount of 15.8 percent to the stock’s Thursday’s close.
** CLIFFS NATURAL RESOURCES INC, $9.59, +9.47 pct
** ALPHA NATURAL RESOURCES INC, $2.45, +3.81 pct
** PEABODY ENERGY CORP, $11.42, +2.51 pct
** ARCH COAL INC, $2.62, +3.56 pct
Shares of the U.S. coal producers rose 4-8 percent as biggest consumer China cut interest rates.
** TCP CAPITAL CORP, $16.805, -3.81 pct
The business development company’s public offering of 5.9 million shares was priced at $17.05, a 2.4 percent discount to the stock’s Thursday’s close. The offering represented about 14 percent of total outstanding shares, as of Nov. 5.
** GALENA BIOPHARMA INC, $2.03, +9.14 pct
MLV & Co raised its price target on the drug developer’s stock to $5 from $3. MLV analysts said that the company has overcome challenges faced in the first half of the year, and that investors should take a fresh look at the stock.
** CATERPILLAR INC, $106.23, +4.06 pct
Stifel, Nicolaus & Co initiated coverage of the heavy machinery maker’s shares with a “buy” rating and $122 price target.
“Caterpillar’s cycles have two acts and we see a back-half recovery this cycle with a North American focus,” analyst Robert Connors said.
** ROSS STORES INC, $88.815, +6.74 pct
The discount apparel retailer posted better-than-expected third-quarter results and raised its full-year profit forecast.
At least 16 of the 23 brokerages covering the stock raised their price target on it.
** NEW YORK MORTGAGE TRUST INC, $7.8, -4.65 pct
The real estate investment trust priced its offering of 13 million common shares at $7.94 per share, a discount of about 3 percent to the stock’s Thursday close.
** SOLARCITY CORP, $55.7992, +4.04 pct
The largest U.S. solar panel installer got a contract to install solar power generation and storage units at Wal-Mart Stores Inc locations in up to 36 U.S. states over four years.
** RIO TINTO PLC, $47.45, +4.72 pct
** VALE SA, $9.24, +6.33 pct
** BHP BILLITON LTD, $57.28, +3.86 pct
** TECK RESOURCES LTD, $17.44, +8.26 pct
U.S.-traded stocks of global metals companies rose as China’s surprise interest rate cut could lead to higher demand for commodities.
** LEXICON PHARMACEUTICALS INC, $0.9001, -10.44 pct
The drug developer priced an offering of $80 million aggregate principal amount of 5.25 pct convertible senior notes due 2021.
The notes will be convertible into common stock initially at a rate of 829.1874 shares per $1,000 convertible notes, representing initial effective conversion price of $1.206 per share. The conversion price was at a 20 percent premium to the stock’s Thursday’s closing price.
** HIBBETT SPORTS INC, $49.63, +8.06 pct
The sporting goods retailer raised its fiscal 2015 profit forecast. The company’s third-quarter profit beat analysts’ average estimate, helped by better demand for goods in the back-to-school season.
** AUTODESK INC, $62.56, +7.10 pct
The software corporation reported better-than-expected quarterly revenue, as the maker of computer-aided design software benefits from its switch to a cloud-based subscription model.
Barclays Capital and at least three other brokerages raised price targets on the stock.
** MARVELL TECHNOLOGY GROUP LTD, $14.03, +5.49 pct
The chipmaker forecast lower-than-expected revenue for the current quarter as weak demand for its chips used in third-generation mobile communication offset a rise in sales of its more profitable 4G LTE chips.
** TRINITY INDUSTRIES INC, $35.83, +2.37 pct
Longbow Research raised its rating on the railcar maker’s shares to “buy” from “neutral”, saying recent decline in crude oil prices has been discounted into the shares.
** CGG SA, $10.09, +3.91 pct
The French oil services firm rebuffed a 1.47- billion euro ($1.84 billion) offer from larger rival Technip . CGG, which was approached by Technip on Nov. 10, said the conditions to pursue a deal were not met.
** CBS CORP, $53.72, +0.09 pct
** DISH NETWORK CORP, $74.11, +2.62 pct
Television network CBS Corp and satellite TV company DISH Network dodged a blackout of CBS TV shows and sporting events as the two sides agreed to a “short” extension of the deadline in order to hash out the details of a new contract. (Compiled by Ankit Ajmera in Bangalore; Edited by Maju Samuel)