(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 slightly lower on Friday after a stronger-than-expected October jobs report boost prospects that the Federal Reserve will raise interest rates next month.
The Dow Jones industrial average was down 0.21 percent at 17,825.21, the S&P 500 was down 0.46 percent at 2,090.25 and the Nasdaq Composite was down 0.15 percent at 5,120.06.
** JPMorgan Chase & Co, $68.55, +3.18 pct
** Goldman Sachs Group Inc, $198.34, +3.29 pct
** Regions Financial Corp, $10.16, +4.42 pct
** SunTrust Banks Inc, $44.66, +2.93 pct
** Bank of America Corp, $18.03, +4.16 pct
** Morgan Stanley, $35.31, +4.22 pct
Financial stocks rose after a stronger-than-expected nonfarm payrolls report for October boost prospects that the Federal reserve would raise rates in December.
** WALT DISNEY CO, $116.25, +2.88 pct
Disney reported higher quarterly profit that beat Wall Street forecasts as cable networks including ESPN brought in higher advertising revenue and collected more fees from pay TV distributors.
Graphic-Disney's earnings: reut.rs/1CtTmY0
** ICONIX BRAND GROUP INC, $7.44, -53.90 pct
The consumer brands owner and licensor cuts its full-year revenue forecast and said it would restate some financial results. Iconix also estimated a Q3 loss due to accounting adjustment and other charges.
** ZS PHARMA INC, $89.175, +40.85 pct
** ASTRAZENECA PLC, $31.8, -2.21 pct
Britain’s AstraZeneca said it had agreed to buy U.S biotech company ZS Pharma for $2.7 billion, pipping Swiss firm Actelion to the prize in the latest bout of deal-making for the hyperactive healthcare sector. AstraZeneca said it would pay $90 per ZS Pharma share.
** EXXON MOBIL CORP, $83.33, -1.75 pct
The New York attorney general has launched an investigation into whether Exxon misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records, emails and other documents, a source familiar with the investigation said on Thursday.
** LEXICON PHARMACEUTICALS INC, $12.97, +23.06 pct
** SANOFI SA, $46.79, -7.20 pct
French drugmaker Sanofi said it has agreed to collaborate with Lexicon Pharma on Sotagliflozin, a potential oral treatment for people with diabetes.
Sanofi also said it would not have any meaningful profit growth in the next two years due to investment in products to compensate for declining diabetes sales and cost cuts.
** TANGOE INC, $7.19, -16.20 pct
The communication systems provider reported lower-than-expected Q3 revenue and profit and estimated full-year and Q4 revenue below analysts’ expectations. At least two brokerages cut their price targets on the stock.
** SECOND SIGHT MEDICAL PRODUCTS INC, $5.8, -13.82 pct
The implantable visual prosthetics developer warned of a potential material impact on its short and medium-term cash flow unless Centers for Medicare and Medicaid Services revises payment policy decision.
** GLU MOBILE INC, $3.119, -14.78 pct
The mobile game developer forecasts a Q4 loss, while analysts were expecting a profit. “The super majority of titles launched in 2015 have underperformed as solid monetization rates were offset by significantly lower-than-expected install volumes,” CEO Niccolo de Masi said.
** TRIPADVISOR INC, $74.18, -10.74 pct
The travel review website operator reported lower-than-expected Q3 revenue and profit, hurt by a stronger dollar. The company also lowered its 2015 revenue growth forecast and said it expects slightly negative EBITDA growth.
** MEN’S WEARHOUSE INC, $21.83, -45.56 pct
The men’s apparel retailer estimated Q3 profit below average analysts estimates, hurt by weakness at Jos. A. Bank, where comparable sales fell 14.6 percent.
** CANCER GENETICS INC, $3.9, -15.40 pct
The cancer diagnostics company’s offering of 3 million shares was priced at $4 apiece, a 13 percent discount to the stock’s close on Thursday.
** HORIZON PHARMA PLC, $19.83, +14.89 pct
Horizon Pharma posted quarterly profit, revenue that beat analysts’ estimate and it also raised its full-year sales forecast. The company said it will hold an investor day on Monday to address “misinformation”. It was named in a New York Times report that said drugmakers were using specialty drug distributors to overcome hurdles to raising drug prices.
** BUILDERS FIRSTSOURCE INC, $15.09, +22.58 pct
The building products supplier reported quarterly revenue and profit above analysts’ estimates, helped by a rise in sales volume and pricing.
** MARINUS PHARMACEUTICALS INC, $5.88, -23.93 pct
The drug developer said its offering of 5 million shares was priced at $6 per share, a 22 percent discount to the stock’s Thursday close.
** INTERCONTINENTAL HOTELS GROUP PLC, $41.37, +3.79 pct
** STARWOOD HOTELS & RESORTS WORLDWIDE INC, $78.01, +0.33 pct
InterContinental, one of the world’s largest hoteliers, is exploring strategic options including a potential sale or merger, Bloomberg reported on Friday.
The hotelier in July declined it was in deal talks with rival Starwood.
** NVIDIA CORP, $31.8, +14.76 pct
The chipmaker reported better-than-expected Q3 revenue, helped by strong demand for its chips used in gaming and cars. It also forecast Q4 revenue above analysts average estimate.
** WEIGHT WATCHERS INTERNATIONAL INC, $21.69, +28.12 pct
The weight management products maker reported better-than-expected Q3 profit and revenue and raised its 2015 adjusted profit forecast. The response to the partnership with Oprah Winfrey has been “terrific”, CEO Jim Chambers said.
** YOUKU TUDOU INC, $26.3, +7.92 pct
** ALIBABA GROUP HOLDING LTD, $85.65, +0.32 pct
Alibaba agreed to buy Youku Tudou, known as China’s YouTube, for about $3.7 billion, slightly more than it had offered in October. Alibaba’s new offer of $27.60 per ADS is $1 higher than its previous offer.
** SYNGENTA AG, $70.22, -2.24 pct
** DUPONT, $65.57, +1.17 pct
** DOW CHEMICAL CO, $51.86, +0.48 pct
DuPont is discussing a potential combination with Syngenta for its agriculture division and is also separately discussing a potential alternative agriculture deal with Dow Chemical, which is exploring a sale of its seed and pesticide unit, the Wall Street Journal reported. (on.wsj.com/1iGgB93)
** KRAFT HEINZ CO, $72.33, -4.10 pct
The company missed earnings and revenue estimates and said its quarterly loss widened due partly to the negative impact of the strong dollar on overseas sales.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $79.26, +0.62 pct
Billionaire investor Bill Ackman expressed confidence in Valeant’s CEO Michael Pearson on Thursday as shares in the drugmaker fell as much as 20 percent to their lowest level since 2013. The stock plunged from $263.70 on Aug. 5 to below $80 on Thursday on scrutiny over high price markups for its drugs and accusations it used a specialty pharmacy, Philidor, to inflate revenue.
Graphic-Valeant intraday share price performance: link.reuters.com/rup85w
Breakingviews-Bill Ackman pushes limits of activism at Valeant
** TAKE-TWO INTERACTIVE SOFTWARE INC, $35.62, +7.78 pct
The video game publisher’s third-quarter adjusted revenue nearly tripled, topping analysts’ estimates, as sales of its “Grand Theft Auto V” and “NBA 2K16” titles surged.
** MONSTER BEVERAGE CORP, $149.905, +13.36 pct
The energy drink maker reported better-than-expected Q3 profit and sales as customers stocked up ahead of the company hiking prices on some of its beverages from Aug. 31.
** STAMPS.COM INC, $99.97, +31.57 pct
The online postage services provider posted Q3 revenue and profit above estimates, helped by demand for PhotoStamps, a product that helps users create personalized stamps. The company also raised its 2015 profit and revenue forecast for the third time.
** QORVO INC, $53.7401, +19.21 pct
The radio frequency chip maker posted better-than-expected Q2 results, helped by growth in its mobile products unit and lower operating expenses. It also announced a new $1 billion share repurchase program.
** DREAMWORKS ANIMATION SKG INC, $23.42, +15.88 pct
The Hollywood studio reported an unexpected Q3 profit as it earned more from licensing its content and benefited from the DVD and Blue-ray releases of “Home”, its only movie this year.
** TABLEAU SOFTWARE INC, $101.82, +20.65 pct
The data analytics software maker posted higher-than-expected Q3 profit and revenue, helped by strong licensing revenue and international expansion.
** TRUECAR INC, $7.91, +29.04 pct
The online car-shopping service provider posted a smaller-than-expected loss in the third quarter, helped by a 28 percent jump in revenue to a record high as more people purchased vehicles from TrueCar dealers.
** BHP Billiton Plc, $29.3, -7.10 pct
** VALE SA, $4.045, -7.86 pct
A dam holding back waste water from an iron ore mine in Brazil that is owned by Vale and BHP Billiton burst on Thursday, devastating a nearby town with mudslides and leaving officials in the remote region scrambling to assess casualties.
Breakingviews-Brazil dam disaster tests BHP’s mega-mining model (Compiled by Ramkumar Iyer in Bengaluru; Editing by Savio D’Souza)