October 22, 2015 / 3:47 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Hospital operators, SmartPros, Envision

(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 rallied after two days of losses, boosted by strong results from McDonald's and Dow Chemicals and hints of the European Central Bank extending its stimulus program. The Dow Jones industrial average was up 1.29 percent at 17,389.25, the S&P 500 was up 1.27 percent at 2,044.67 and the Nasdaq Composite was up 1.35 percent at 4,905.24.

** MCDONALD’S CORP, $109.48, +6.77 pct

The world’s biggest restaurant chain by sales reported its first rise in quarterly global same-restaurant sales in more than a year as demand recovered in China, where it had struggled after a food safety scandal, and menu changes boosted sales in the United States.

** DOW CHEMICAL CO, $49.8, +4.89 pct

The company said it would “review all options” for its agrosciences business, after the unit reported its third straight quarter of sales decline on Thursday.

** COMMUNITY HEALTH SYSTEMS, $26.45, -34.77 pct

** HCA HOLDINGS INC, $66.37, -6.78 pct

** TENET HEALTHCARE CORP, $28.45, -18.27 pct

** LIFEPOINT HEALTH INC, $61.85, -14.23 pct

Hospital operators’ shares fell after Community Health Systems estimated third-quarter revenue below analysts’ expectations on Wednesday, hurt by lower hospital admissions.

** VALEANT PHARMACEUTICALS, $98.499, -16.96 pct

The company’s stock fell following Citron’s report costing investor billions, but analysts at bulge-bracket banks sat tight on their recommendations.

** EBAY INC, $27.2, +12.35 pct

The company reported a stronger-than-expected quarterly profit and raised its full-year adjusted profit forecast, helping to allay concerns about the company’s prospects following the spinoff of PayPal, its main engine of growth.

** TEXAS INSTRUMENTS INC, $57.29, +10.39 pct

The company reported better-than-expected quarterly profit and revenue, helped by higher sales of its analog and embedded chips.

** SMARTPROS LTD, $3.5262, +38.28 pct

Global education services company Kaplan Inc will acquire SmartPros for about $16.9 million, or $3.57 per share, in cash.

** AMERICAN EXPRESS CO, $72.47, -5.28 pct

At least 4 brokerages cut price target on the world’s largest credit card issuer’s stock as it reported a quarterly profit that missed analysts’ estimates due to higher costs and a strong dollar ate into revenue from its international business.


The medical service provider reported lower-than-expected third quarter revenue and profit hurt by performance at its EmCare segment that fell short of its expectations.

** KINDER MORGAN INC, $29.47, -6.21 pct

The U.S. pipeline operator on Wednesday raised its quarterly dividend but said the payout would grow a bit slower next year.

** RELYPSA INC, $13.05, -19.20 pct

The U.S. Food and Drug Administration approved the drugmaker’s oral drug, that carries a warning, to treat potentially fatal levels of potassium in patients with chronic kidney disease or heart problems.

** MEAD JOHNSON NUTRITION CO, $79.5, +5.86 pct

The pediatric nutrition company cut its full-year profit forecast for the second time this year, to $3.33-$3.43 per share from $3.63-$3.78 and reported lower-than-expected third quarter sales and adjusted profit, hurt by a 15 percent drop in sales in Asia, its largest market.

** PERRIGO CO PLC, $147.6, -4.92 pct

The drugmaker said it would cut about 800 jobs and buy back $2 billion worth of common shares as it looks to stave off a hostile bid from Mylan NV.

** TECK RESOURCES LTD, $6.77, +6.11 pct

The Canadian miner swung to a quarterly loss due to a C$2.2 billion asset impairment charge in its steel-making coal and other businesses.

** PULTEGROUP INC, $18.13, -6.79 pct

The no.3 U.S. homebuilder, reported a 23 percent fall in quarterly profit as it sold fewer homes.

** LAZARD LTD, $47.5, +5.00 pct

The investment bank and asset manager reported a better-than-expected quarterly profit, helped by a rise in advisory fees related to mergers and acquisitions.

** 3M CO, $155.39, +3.72 pct

The maker of Scotch tape and Post-it notes reported a 5 percent decline in third-quarter net sales and said it would cut about 1,500 jobs next year, citing a global economic slowdown.

** COCA-COLA CO, $43.42, +2.92 pct

An environmental protection bureau in northwest China said police temporarily detained an executive at a company bottling facility in Gansu province after they found the facility had falsified pollution data. (Compiled by Manish Parashar in Bengaluru; Editing by Maju Samuel)

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