August 11, 2015 / 10:53 AM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Google, Terex, Shake Shack, Novavax, Gold

(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. stock index e-mini futures fell on Tuesday after China, in a surprise move, devalued the yuan in its latest effort to prop up economic growth. The move strengthened the dollar, which weighed on oil, copper and gold prices.

Dow Jones industrial average futures were down 0.59 percent at 17,449, S&P 500 futures were down 0.52 percent at 2,088.75 and Nasdaq 100 futures were down 0.19 percent at 4,557.25.

** GOOGLE INC A, Monday close $663.14, +6.15 pct premarket

** GOOGLE INC C, Monday close $633.73, +6.04 pct premarket

The company overhauled its operating structure, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars.

** TEREX CORP, Monday close $21.83, +26.66 pct premarket

The U.S. heavy equipment maker and Finland’s Konecranes Abp have agreed on an all-share merger to complement their businesses and achieve cost savings.

** KRAFT HEINZ CO, Monday close $78.81, -1.66 pct premarket

The packaged food company formed by the merger of ketchup maker H.J. Heinz Co and Kraft Foods Group Inc said sales fell 4.9 percent at Kraft and 4.1 percent at ketchup maker Heinz in the last quarter before the merger was completed.

** SHAKE SHACK INC, Monday close $70.64, +6.88 pct premarket

The hamburger chain, known for its indulgent hormone- and antibiotic-free burgers and sides, reported better-than-expected quarterly profit and sales.

** NOVAVAX INC, Monday close $11.19, +12.60 pct premarket

A vaccine developed by Novavax was shown to prevent a common respiratory viral infection in a mid-stage study, taking it one step closer to becoming the first vaccine for the virus that affects almost all American children.

** NEWMONT MINING CORP, Monday close $16.95, +2.12 pct premarket

** HARMONY GOLD MINING CO LTD, Monday close $1.02, +4.90 pct premarket

** KINROSS GOLD CORP, Monday close $2.06, +2.91 pct premarket

** BARRICK GOLD CORP, Monday close $7.61, +2.50 pct premarket

** RANDGOLD RESOURCES LTD, Monday close $61.9, +1.68 pct premarket

Gold rose more than one percent on Tuesday as the dollar cut gains and European stocks fell and investors assessed the impact of China’s move to devalue its currency and prop up its economy.


The video-game publisher’s adjusted profit missed Wall Street estimates for the first time in more than two years as expenses soared 30 percent.

** SYMANTEC CORP, Monday close $22.91

** CARLYLE GROUP LP, Monday close $25.17

Software security company Symantec has agreed to sell its data storage business Veritas to private equity firm Carlyle, according to a person familiar with the matter.

** HERTZ GLOBAL HOLDINGS INC, Monday close $17.12

The car rental company reported a 5 percent decline in quarterly revenue, hurt by a strong dollar and lower car rental volume in the United States.

** CONOCOPHILLIPS, Monday close $50.2

The U.S. oil and gas company is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in a production sharing block it operates in the Natuna Sea, company and government sources said.

** RACKSPACE HOSTING INC, Monday close $31.73, +5.58 pct premarket

The web hosting company reported an 11 percent rise in quarterly revenue and raised its share buyback program to up to $1 billion, sending its shares up 5.2 percent in extended trading on Monday. (Compiled by Anya George Tharakan in Bengaluru; Editing by Savio D’Souza)

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