October 21, 2015 / 6:34 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Tupperware, NeoGenomics, Concordia

(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) Wall Street was little changed in early afternoon trading on Wednesday as gains by General Motors and technology stocks were limited by a slide in healthcare stocks. Dow Jones industrial average futures were up 0.14 percent at 17,131, S&P 500 futures were down 0.16 percent at 2,017.25 and Nasdaq 100 futures were down 0.14 percent at 4,418.75.

** FERRARI, $56.16, +8.00 pct

The company’s shares jumped 15 percent to $60 on its Wall Street debut on Wednesday after the Italian supercar maker priced its share offering at the top of the range amid heavy investor demand.

** CONCORDIA HEALTHCARE CORP, $23.55, -13.39 pct

The drug developer’s stock fell after the company closed the acquisition of Amdipharm Mercury Ltd.

** GENERAL MOTORS CO, $35.56, +6.21 pct

The company reported record quarterly earnings before charges for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues.


** ALLERGAN PLC, $262.1, -0.50 pct

** ENDO INTERNATIONAL PLC, $56.64, -9.85 pct

** HORIZON PHARMA PLC, $14.63, -4.13 pct

** MALLINCKRODT PLC, $59.89, -6.52 pct

Biotech companies’ stocks plunged after a short-seller released a report questioning Valeant’s distribution relationships.

** SOLARWINDS INC, $58.45, +16.43 pct

The IT management software maker said it agreed to be taken private by investment firms Silver Lake Partners and Thoma Bravo LLC for $4.5 billion.

** PEARSON PLC, $15.3, -16.80 pct

The company said earnings would be worse than expected, partly because fewer students were enrolling at U.S. colleges.

** LAM RESEARCH, $72.59, +3.66 pct

** KLA-TENCOR CORP, $64.94, +20.57 pct

Semiconductor equipment maker Lam Research said it agreed to buy rival KLA-Tencor in a cash and stock deal valued at about $10.6 billion. Under the deal terms, KLA-Tencor shareholders can opt for $32 in cash, or 0.5 of a share of Lam’s shares, or a combination of two.

** SOLARWINDS INC, $58.45, +16.43 pct

The IT management software maker said it agreed to be taken private by investment firms Silver Lake Partners and Thoma Bravo LLC for $4.5 billion.

** TUPPERWARE BRANDS CORP, $59.33, +7.48 pct

The food container maker reported better-than-expected third quarter profit and sales, helped by higher local-currency sales in emerging markets such as Brazil, China, Indonesia and South Africa.

** CEPHEID INC, $30.07, -6.76 pct

The diagnostic test maker forecast a 2015 loss of 71-73 cents per share on Tuesday, bigger than 47-51 cents it forecast earlier.

** NEOGENOMICS INC, $7.01, +23.42 pct

The cancer diagnostics provider agreed to buy Clarient Inc, owned by General Electric Co’s healthcare business, in a cash-and-stock deal.

** VMWARE INC, $54.05, -21.39 pct

** EMC CORP, $25.74, -6.37 pct

Virtualization software maker VMware forecast lower-than-expected revenue for the current quarter, prompting a slew of rating and price target cuts. Berenberg analysts say the announcement of a JV between the company and parent EMC makes preliminary 2016 guidance “messy and hard to decipher”.

EMC reported EPS and revenue lower than analysts’ estimates.

** CHIPOTLE MEXICAN GRILL INC, $655.3, -7.13 pct

At least 5 brokerages cut price target on the burrito chain’s stock by as much as $40 to as low as $660 after company posted a weaker-than-expected third quarter profit and said same-store sales growth would cool further in 2016.

** SYNTA PHARMACEUTICALS CORP, $0.674, -66.96 pct

The drugmaker has decided to end a late-stage trial of its lung cancer treatment after an independent review said it proved ineffective.

** AETNA INC, $107.4, -3.95 pct

** ANTHEM INC, $140.58, -5.17 pct

** CIGNA CORP, $134.34, -5.53 pct

** HUMANA INC, $176.13, -5.27 pct

Shares of health insurers slump after Democratic presidential candidate Hillary Clinton express “serious concerns” about the mega mergers in the industry.

** INTUITIVE SURGICAL INC, $505.14, +6.79 pct

The robotic surgical equipment maker reported better-than-expected third quarter profit and revenue, benefiting from increasing use of its flagship da Vinci systems.

** MEDIWOUND LTD, $8.64, +8.00 pct

The Israeli maker of burn and wound therapies said Argentina’s ministry of health on Tuesday approved its burn treatment, NexoBrid, for removing dead or damaged tissue.

** ATHERSYS INC, $0.9995, -9.14 pct

The stem cell therapy developer said it ended development of its stem cell therapy product with Japan’s Chugai Pharmaceutical Co Ltd.

** ST. JUDE MEDICAL INC, $62.46, -8.63 pct

The heart device maker forecast a lower-than-expected adjusted profit for the fourth quarter and the full year due to a strong dollar. The company expects fourth-quarter earnings of $1.00-$1.02 vs estimate of $1.07.

** PACKAGING CORP OF AMERICA, $63.69, -6.64 pct

The packaging product maker posted a lower-than-expected third quarter profit and revenue missed for the fourth quarter in a row, hurt by weak white paper prices and higher fiber costs.

** MANHATTAN ASSOCIATES INC, $70.64, +6.72 pct

The supply chain management software maker reported better-than-expected third quarter revenue and profit on Tuesday, driven by higher demand for software that helps retailers integrate online and brick-and-mortar store operations.

** XOMA CORP, $1.08, +8.00 pct

The drug developer entered into licensing agreement with Novartis that adds Xoma’s TGF-beta inhibition programs to the Swiss drugmaker’s immuno-oncology portfolio.

** SIBANYE GOLD LTD, $6.53, -7.24 pct

** PRIMERO MINING CORP, $2.56, -5.54 pct

** YAMANA GOLD INC, $2.37, -5.95 pct

** SEABRIDGE GOLD INC, $7.38, -3.15 pct

** BARRICK GOLD CORP, $7.53, -4.56 pct

** FORTUNA SILVER MINES INC, $2.69, -5.28 pct

** FIRST MAJESTIC SILVER CORP, $3.67, -5.90 pct

Gold and silver miners’ stocks fell after the metal prices eased as the dollar recovered lost ground versus the euro.

** WESTERN DIGITAL CORP, $71.73, -4.18 pct

** SANDISK CORP, $77.02, +2.43 pct

Hard disk drive maker Western Digital said it would buy memory chip maker SanDisk in a deal valued at about $19 billion, the latest in a wave of consolidation in the chip-making industry.

** ARM HOLDINGS, $46.97, +4.91 pct

The British chip designer, whose technology powers Apple’s iPhone, beat market expectations with a 27 percent rise in third-quarter profit and said it was confident it could keep outperforming rivals.

** YAHOO INC, $31.3055, -4.64 pct

The company said on Tuesday it had signed a search advertising deal with Google Inc, providing a potential boost to Marissa Mayer’s efforts to turn around the company, which also reported revenue and profit that fell short of market estimates.

** ORION MARINE GROUP INC, $4.25, -12.91 pct

The construction company estimated a surprise third-quarter loss of 25-30 cents per share due to higher costs at 5 projects in Florida. Analysts on average had expected a profit of 14 cents per share.

** CARLISLE COS INC, $82.37, -9.87 pct

The diversified industrial equipment maker’s third-quarter revenue and profit missed analysts’ estimates due to lower sales in its construction materials and brake & friction businesses. The company also expected full-year organic net sales growth to be in low-to-mid single digit percent range, compared with mid single-digit percent growth forecast earlier.

** STARBICKS CORP, $60.49, -0.64 pct

** FIAT CHRYSLER AUTOMOBILES NV, $15.31, -3.95 pct

Europe’s competition chief ordered the Netherlands to recover 20-30 million euros in back taxes from Starbucks on Wednesday and told Luxembourg to claim the same amount from Fiat Chrysler, saying their favorable tax arrangements breached the bloc’s rules.

** CREDIT SUISSE, $25.14, -3.16 pct

Credit Suisse plans to raise 6 billion Swiss francs ($6.3 billion) from investors, slim down its investment bank and cut jobs as new chief Tidjane Thiam embarks on the biggest overhaul of the Swiss bank in almost a decade. (Compiled by Manish Parashar in Bengaluru; Editing by Maju Samuel)

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