December 26, 2014 / 2:57 PM / 4 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Gilead, Spectrum Pharma, Petrobras

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stocks opened slightly higher on Friday, with major indexes on track for a second straight weekly advance. The Dow Jones industrial average was up 0.36 percent at 18,094.68, the S&P 500 was up 0.45 percent at 2,091.27 and the Nasdaq Composite was up 0.40 percent at 4,792.52.

** ELDORADO GOLD CORP, $6.23, +4.36 pct

** AGNICO EAGLE MINE LTD, $24.47, +3.47 pct

** SILVER WHEATON CORP, $20.41, +2.31 pct

** BARRICK GOLD CORP, $10.64, +3.20 pct

** SILVER STANDARD RESOURCES INC, $4.9501, +6.23 pct

Gold gained in thin post-Christmas trading as dollar slipped against a basket of major currencies.

Spot gold rose as much as 2.2 percent to $1,199 an ounce by 07:20 ET, while silver prices rose 3.8 percent to $16.30 an ounce.

** GILEAD SCIENCES INC, $93.64, +2.57 pct

The hepatitis C drugmaker should aggressively repurchase shares after the stock fell last week following reimbursement concerns, RBC Capital Markets’ analysts said.

“Gilead could easily buy $10 billion over next year without issues,” RBC analysts wrote in their note.


The drugmaker said it has submitted marketing application for its injectable blood cancer drug to be used in patients with multiple myeloma undergoing stem cell transplants.

Spectrum gained development and marketing rights for the injection from Ligand Pharmaceuticals in 2013.

** YANDEX NV, $17.8854, +1.28 pct

** QIWI PLC, $21.83, +4.55 pct

U.S.-listed shares of Russian stocks, including those of search engine operator Yandex and payment processor Qiwi, rose as rouble rose to its strongest level against the dollar since Dec. 1.

The sharp rouble recovery comes after government ordered exporters to sell some of their dollar revenues. Russia said on Thursday its currency crises was over.

** PETROLEO BRASILEIRO SA, $7.49, -1.45 pct

The U.S. city of Providence, Rhode Island, is suing the Brazilian state-run oil company and some of its executives for bond losses stemming from an alleged kickback and bribery scheme, a leading Brazilian newspaper reported on Friday. (Compiled by Shailaja Sharma in Bengaluru; Editing by Sriraj Kalluvila)

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