(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 were mixed in late morning trading on Tuesday, following three straight days of decline, as another batch of strong economic data gave weight to views that the U.S. Federal Reserve could raise interest rates in September. The Dow Jones industrial average was up 0.13 percent at 17,789.17, the S&P 500 was up 0.16 percent at 2,082.65 and the Nasdaq Composite was down 0.02 percent at 5,020.48.
** SAGE THERAPEUTICS INC, $83.7, +11.38 pct
The drug developer says its experimental injection, SAGE-547, was found effective in early studies in treating all four women with postpartum depression - a type of depressive disorder estimated to affect up to 20 percent of women after childbirth.
Leerink Swann raised its price target on the stock to $107 from $93.
** BURLINGTON STORES INC, $49.19, -8.72 pct
The off-price retailer reported quarterly same-store sales well below analysts estimates and said it will pay at least $9 per hour to full time-employees and part-time employees with at least six months of service.
** LULULEMON ATHLETICA INC, $67.2784, +9.36 pct
The Canadian yogawear retailer raised its full-year revenue and earnings forecast and reported better-than-expected first-quarter profit, helped by strong comparable store sales.
** LAYNE CHRISTENSEN CO, $8.75, +12.61 pct
The construction and drilling company reported a lower-than-expected first quarter loss, helped by higher demand in its water resources and pipeline businesses.
** AUDIOCODES LTD, $3.3, -19.32 pct
The voice-over-IP product maker forecast a 5-15 percent fall in second-quarter revenue on a sequential basis, citing weaker market conditions for legacy business in Latin America and certain markets in Europe.
** MAXLINEAR INC, $12.43, +14.14 pct
At least three brokerages raise price target on the radio frequency chip maker’s stock after the company raised second-quarter revenue forecast on Monday.
** ALLIANCE ONE INTERNATIONAL INC, $2, +25.00 pct
The tobacco company reported a nearly 20 percent jump in fourth-quarter sales on Monday and a 30.2 percent rise in volume as demand increased in Asia.
** APPLE INC, $127.5349, -0.21 pct
The iPhone maker’s $9.99-a-month music streaming service announced on Monday is not expected to move needle on revenue or EPS.
** E-HOUSE CHINA HOLDINGS LTD, $7.03, +4.77 pct
The Chinese real estate services provider received a “going-private” proposal from CEO Xi Zhou and board member Neil Shen to acquire all shares not already owned by them.
** 500.COM LTD, $25.36, +6.73 pct
The Chinese online lottery company said Tsinghua Unigroup Co Ltd unit would buy a 15.2 percent stake in 500.com for about $123.8 million.
** HOVNANIAN ENTERPRISES INC, $2.905, -8.36 pct
The U.S. homebuilder reported a bigger-than-expected second-quarter loss and lower-than-expected revenue, hurt by incentives and concessions on started unsold homes.
** PENGROWTH ENERGY CORP, $2.73, +8.76 pct
CIBC raised its price target on the stock to C$4.50 from C$4.25 and National Bank Financial raises its rating to “outperform” from “sector perform”.
The Canadian oil and gas explorer said on Monday that its Lindbergh thermal project is producing more than 13,000 barrels per day (bbl/d), above the estimated capacity of 12,500 bbl/d.
** AVID TECHNOLOGY INC, $16.17, -9.26 pct
The company is privately offering $115 million 5-year convertible senior notes set to price today after market close.
** QUIKSILVER INC, $0.8117, -34.54 pct
The surf and skate clothing seller reported an April-quarter loss that was worse than expected and withdrew its full-year guidance.
** LIGHTPATH TECHNOLOGIES INC, $1.75, +30.60 pct
The company said its Infrared 40 degree Field of View molded optical lens assembly was selected for use in firefighting thermal imaging cameras by a leading supplier for defense departments and federal agencies.
** SCIENCE APPLICATIONS INTERNATIONAL CORP, $50.87, -4.42 pct
The defense systems engineering and services provider reported lower-than-expected first-quarter profit as higher costs offset a rise in revenue.
** BEBE STORES INC, $1.97, -17.92 pct
The women’s fashion retailer on Monday filed for stock shelf of 46.6 million shares valued at $115 million, held by its founder and Chairman Manny Mashouf.
** SOLAZYME INC, $3.37, +9.42 pct
The company’s AlgaPr microalgae oil is to be used in multiple products made by Natura Cosmeticos SA, one of Latin America’s largest cosmetics company.
** CANTEL MEDICAL CORP, $52.63, +9.83 pct
The medical equipment provider reported a better-than-expected third-quarter profit and revenue, helped by strong growth in its endoscopy and water purification and filtration businesses.
** ANGLOGOLD ASHANTI LTD, $9.35, +7.22 pct
** NEWMONT MINING CORP, $24.66, -4.47 pct
Newmont Mining has agreed to buy the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti for $820 million, giving the world’s No. 2 gold producer an expanding asset in a mining-friendly jurisdiction.
** CHINA DIGITAL TV HOLDING CO LTD, $4.67, -2.30 pct
The Chinese TV smart card maker sees second-quarter net revenue of $8.8-$9.9 million, compared with $17.2 million a year earlier. The company’s first-quarter net revenue fells 22.7 percent.
** IRONWOOD PHARMACEUTICALS INC, $12.19, -11.92 pct
The drugmaker said it was privately offering $300 million 7-year non-callable convertible senior notes.
** AMBARELLA INC, $113.79, +4.63 pct
The company’s small but growing drone chip business is likely to boost gross margins this year, FBN Securities says.
** AMEDISYS INC, $37.11, +7.13 pct
Deutsche Bank raises rating on the stock to “buy” from “hold” and says Amedisys’ earnings recovery over the next 12-18 months “could be rather powerful” due to the credible new management in place and a more stable Medicare rate outlook.
** ISLE OF CAPRI CASINOS INC, $18.1508, +16.35 pct
The casino operator reported a higher-than-expected fourth-quarter revenue and profit, helped by favorable weather and a 38 percent fall in operating expenses.
** ECLIPSE RESOURCES CORP, $6.17, +6.01 pct
** LIME ENERGY CO, $3.1624, +6.48 pct
** LAREDO PETROLEUM INC, $14.52, +4.46 pct
** EP ENERGY CORP, $13.47, +3.94 pct
Oil and producers’ stocks edge 4-6 percent higher after oil prices rise more than $2 on Tuesday, topping $65.09/barrel.
** CHINA MOBILE GAMES AND ENTERTAINMENT GROUP, $21.05, +5.09 pct
The mobile games developer is to be bought by Pegasus Investment Holdings Ltd in a $690 million deal.
** HD SUPPLY HOLDINGS INC, $34.015, +4.82 pct
The maintenance services provider reported a higher-than-expected first-quarter profit, helped by gross margin expansion, “leverage of fixed costs” and reduction in interest expense.
** PEP BOYS-MANNY MOE & JACK, $11.67, +10.41 pct
Gamco Asset Management reported a 13.1 percent stake in the company and says it intends to solicit proxies to elect directors.
** VISTEON CORP, $109.56, +3.40 pct
The auto parts maker said it would start accelerated $500 million share buyback “as soon as practicable” and finish no later than Dec. 31.
** RXI PHARMACEUTICALS CORP, $0.4949, +7.59 pct
U.S. PTO grants a patent for the drug developer’s drug discovery platform, RNAi, and one covering the composition and methods of use of rxRNAori, a compound to treat inflammatory diseases.
** UNITED NATURAL FOODS INC, $61.09, -4.04 pct
The natural and organic food distributor cut its full-year profit and revenue forecasts on Monday for the second time this year due to lower fuel surcharges, higher sales of low-margin items and a strong dollar.
** NEUROCRINE BIOSCIENCES INC, $43.04, -4.95 pct
The biotechnology company said it had suspended two planned clinical trials of its experimental drug to treat a potentially life-threatening genetic disorder called congenital adrenal hyperplasia.
** FUELCELL ENERGY INC, $1.155, -4.55 pct
The fuel cell maker reported a bigger-than-expected second-quarter loss, hurt by a 27 percent fall in product sales.
** DEUTSCHE BANK AG, $31.32, -2.58 pct
Deutsche Bank offices in Frankfurt were searched on Tuesday by German prosecutors seeking evidence related to client securities transactions, Germany’s largest lender said. A source familiar with the situation told Reuters the raid was related to German private bank Sal. Oppenheim, which Deutsche Bank bought in 2010. (Compiled By Manya Venkatesh in Bengaluru; Edited by Don Sebastian)