May 28, 2015 / 1:23 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Avagho, Biocept, Express, Net Element

(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, Wall Street was set to open lower on Thursday on concerns about a Greek default and an unexpected rise in weekly jobless claims. Dow Jones industrial average futures were down 0.28 percent at 18,090, S&P 500 futures were down 0.17 percent at 2,117.5 and Nasdaq 100 futures were down 0.08 percent at 4,538.75.

** BIOCEPT INC, Wednesday close $3, +19.00 pct premarket

The molecular diagnostics company’s liquid biopsy technology, which uses simple blood test, can help doctors make treatment decisions based on genomic information from patient’s tumor, according to data presented at American Society of Clinical Oncology conference.

** ABERCROMBIE & FITCH CO, Wednesday close $19.65, +5.55 pct premarket

The teen apparel retailer said it expects comparable sales to improve in the second half of the year as its Hollister line of clothing begins to show signs of improvement.

** SANDERSON FARMS INC, Wednesday close $84.5, -4.73 pct premarket

The third-largest U.S. poultry producer, reported lower-than-expected quarterly net sales and profit, hurt by lower selling prices.

** NET ELEMENT INTERNATIONAL INC, Wednesday close $0.69, +11.57 pct premarket

The mobile payment company said it would buy online payment processor PayOnline for up to $8.4 million. PayOnline processes online payments for over 10 million consumers and thousands of merchants in the Russian Federation, Europe and Asia.

** FIAT CHRYSLER AUTOMOBILES NV, Wednesday close $16.06, -0.25 pct premarket

Opel CEO Karl-Thomas Neumann on Thursday ruled out a deal with Fiat but said he sees the need to improve volume, scale and utilization in the auto industry and at Opel.

** EXPRESS INC, Wednesday close $16.62, +8.12 pct premarket

The apparel retailer raised full-year adjusted profit forecast to $1.11-$1.22 per share from $0.93-$1.07. The company also reported better-than-expected first-quarter profit and sales as store traffic rises due to better apparel mix.

** AVAGO TECHNOLOGIES LTD, Wednesday close $141.49, +2.91 pct premarket

** BROADCOM CORP, Wednesday close $57.155, -0.78 pct premarket

Avago Technologies agreed to buy fellow chipmaker Broadcom in a cash-and-stock deal valued at $37 billion to boost its mobile chip and data networking businesses.

** RXI PHARMACEUTICALS CORP, Wednesday close $0.455, -21.98 pct premarket

The biotech company offered about 26 mln units and priced it at 40 cents a piece for net proceeds of about $9.3 mln

** JINKOSOLAR HOLDING CO LTD, Wednesday close $28.4, +3.03 pct premarket

The Chinese solar panel maker’s first-quarter net income attributable jumped to $8.2 mln from $1.5 mln, helped by higher revenue from its solar power plants business. Revenue rose nearly 37 pct to $443.5 mln.

** GENERAL MOTORS CO, Wednesday close $35.81, +0.70 pct premarket

A U.S. bankruptcy judge on Wednesday put on hold dozens of lawsuits accusing the carmaker of concealing an ignition-switch defect while plaintiffs in those cases appeal an earlier ruling that found their cases were barred.

** SEMTECH CORP, Wednesday close $24.62, -8.73 pct premarket

B Riley downgraded the semiconductor maker’s stock to “sell”, according to, and cut its price target to $21 from $26.

** WESTERN DIGITAL CORP, Wednesday close $94.37, +2.26 pct premarket

Goldman Sachs upgraded the data storage company’s stock “buy” from “neutral” and raised its price target to $122 from $106. Its analysts said they believe the company’s current valuation doesn’t fully recognize that its business model was benefiting from non-PC growth.

** SEADRILL LTD, Wednesday close $12.73, -1.81 pct premarket

The world’s second-biggest offshore oil driller, predicted years of pain for the global rig market as energy companies continue to pare spending despite a recent lift in oil prices.

** COSTCO WHOLESALE CORP, Wednesday close $145.42, -1.18 pct premarket

The warehouse club operator reported a decline in quarterly comparable sales and lower-than-expected sales, hurt by gasoline price deflation and a stronger dollar that reduced value of sales from overseas markets.

** YAHOO INC, Wednesday close $43.38, -0.81 pct premarket

A U.S. judge ordered Yahoo to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, and using the information to boost advertising revenue.

** ACTAVIS PLC, Wednesday close $306.79, +0.19 pct premarket

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Wednesday close $239.12, +1.24 pct premarket

U.S. health regulators approved new irritable bowel syndrome drugs from Actavis and Valeant on Wednesday, validating big investments both companies made to acquire the products. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Joyjeet Das)

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