(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 little changed in volatile trading on Monday, two days ahead of an expected U.S. interest rate hike, as crude oil prices hovered near 11-year lows. The Dow Jones industrial average was up 0.28 percent at 17,313.85, the S&P 500 was up 0.11 percent at 2,014.57 and the Nasdaq Composite was down 0.13 percent at 4,927.119.
** GOPRO INC, $16.16, -15.61 pct
Citigroup cut its rating on the wearable camera maker’s stock to “neutral” from “buy” on Friday. It also slashed its price target to $22 from $75. Citigroup analysts said they had thought GoPro would recover from poor sales of Hero 4 Session but now think demand for GoPro products is softening.
Morgan Stanley also cut its rating to “underweight” from “equal-weight”.
** NEPHROGENEX INC, $2.43, +68.75 pct
The drug developer says the U.S. FDA allows human testing of its experimental drug to treat acute kidney injury. The drug is designed to reduce kidney injury, post-injury tissue scarring and improve kidney function recovery.
** JARDEN CORP, $53.14, +0.87 pct
** NEWELL RUBBERMAID INC, $40.54, -10.47 pct
Newell Rubbermaid, the maker of Sharpie markers and Parker pens, agreed to buy diversified consumer products company Jarden Corp for $13.22 billion, adding brands such as Sunbeam kitchen appliances and Coleman outdoor gear.
** TRINA SOLAR LTD, $10.69, +11.94 pct
The Chinese solar panel maker said on Monday it received a preliminary proposal from its chief executive and Shanghai Xingsheng Equity Investment & Management Co to take the company private.
** ATARA BIOTHERAPEUTICS INC, $23.81, -28.28 pct
The drug developer said it would stop developing its kidney drug after the treatment failed to meet the main goal of a mid-stage study.
** APPLE INC, $111.32, -1.64 pct
Barclays and Morgan Stanley cut their price targets on the IPhone maker’s stock. Morgan Stanley analysts in a note on Sunday said IPhone unit sales are expected to fall about 6 percent in FY16 as higher prices in markets outside the Americas, excluding China, and maturing smartphone penetration in developed markets weigh on upgrades and new user growth.
** PEABODY ENERGY CORP, $7.79, -11.68 pct
** CLOUD PEAK ENERGY INC, $2.07, -10.00 pct
** ALLIANCE RESOURCE PARTNERS LP, $13.33, -2.91 pct
** CLIFFS NATURAL RESOURCES INC, $2, -4.31 pct down 7.8 pct
** SUNRUN INC, $8.99, +14.38 pct
** TERRAFORM POWER INC, $11.89, +9.28 pct
** VIVINT SOLAR INC, $9.58, +3.34 pct
** SOLARCITY CORP, $39.85, +7.59 pct
Shares of coal producers tumble while those of renewable energy companies rise, following an agreement at the Paris global climate summit to find ways to stop global warming.
** FXCM, $6.86, +29.43 pct
The online foreign exchange trading service provider says it discussed restructuring of its existing agreement with Leucadia National Corp on Friday.
** AKEBIA THERAPEUTICS INC, $10.69, +9.64 pct
The drug developer enters into a development and marketing deal for its experimental drug with Mitsubishi Tanabe Pharma Corp. The deal provides $100 million for costs related to the late-stage study and $250 million in milestone payments.
** MATTEL INC, $27.2, +3.62 pct
BMO Capital Markets raises the toymaker’s shares to “outperform” from “market perform”, and says the company’s shares have bottomed-out and are in early stages of a possible “multi-year positive run”.
** KITOV PHARMACEUTICAL HOLDINGS, $3.53, +14.98 pct
The company is expected to report on Tuesday data on its lead drug to fight high blood pressure pain caused by osteoarthritis.
** TWITTER INC, $24.38, -1.85 pct
The micro blogging site issued an alert to some users warning them that state-sponsored hackers may have tried to obtain sensitive data from their accounts, the company said, the first such warning by twitter.
** KINDER MORGAN, $16.01, -3.90 pct
The oil and gas pipeline operator’s shares do not appear cheap despite having fallen 60 percent this year, and could fall further before reaching fair value, U.S. weekly investment publication Barron’s said.
** ULTRA PETROLEUM CORP, $2.4, -12.41 pct
** CALIFORNIA RESOURCES CORP, $2.62, -4.73 pct
** SANDRIDGE ENERGY INC, $0.2181, -6.39 pct
** BASIC ENERGY SERVICES INC, $2.495, -12.15 pct
** BAKER HUGHES INC, $45.89, -4.00 pct
** KEY ENERGY SERVICES INC, $0.46, -8.20 pct
** ATWOOD OCEANICS INC, $12.37, -5.93 pct
** SEADRILL LTD, $4.065, -2.28 pct
** TRANSOCEAN LTD, $12.68, -0.08
Shares of oil and gas and related companies fall as oil prices tumbled 4 percent on Monday, nearing their 11-year low on growing fears that global oil glut would worsen in coming months in a pricing war between leading OPEC and non-OPEC producers
** DOW CHEMICAL CO, $51.44, -3.62 pct
** DUPONT CO, $68.06, -3.38 pct
Activist investor Daniel Loeb of hedge fund Third Point has called for the removal of Dow Chemical Chief Executive Officer Andrew Liveris after the company’s agreement to merge with DuPont, the Wall Street Journal reported on Sunday.
** ENCANA CORP, $5.68, -5.96 pct
The Canadian oil and natural gas producer, responding to a sharp drop in oil prices, has slashed its dividend by about 79 percent and its 2016 capital budget by more than a quarter.
** TESLA MOTORS, $218.67, +0.76 pct
** SOLAREDGE, $20.7, +4.02 pct
Goldman Sachs’ top picks for stocks that would benefit from an agreement at the Paris global climate summit included electric car company Tesla and solar panel group SolarEdge. (Reporting by Rosmi Shaji in Bengaluru; Editing by Maju Samuel)