(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 down slightly in early trading on Thursday, a day after the Federal Reserve raised interest rates for the first time in almost a decade. The Dow Jones industrial average was down 0.89 percent at 17,591.11, the S&P 500 was down 1.11 percent at 2,050.13 and the Nasdaq Composite was down 0.92 percent at 5,024.382.
** REWALK ROBOTICS LTD, $11.19, +86.50 pct
The company said the U.S. Department of Veterans Affairs issued a national policy for evaluation, training and procurement of the ReWalk exoskeleton for military veterans across the United States.
** TEEKAY LNG PARTNERS, $9.61, -47.71 pct
** TEEKAY CORP, $7.14, -59.18 pct
** TEEKAY OFFSHORE PARTNERS LP, $4.15, -46.79 pct
Teekay LNG slashed its quarterly dividend to 14 cents per share from 70 cents. RBC Capital Market analysts cut their price target to $23 from $29, while Seaport Global Securities downgraded the stock to “neutral” from “accumulate”. Seaport analysts also downgrades parent Teekay Corp to “neutral” from “buy” and its unit, Teekay Offshore Partners LP to “neutral” from “accumulate”.
** POLARIS INDUSTRIES INC, $86.53, -9.19 pct
The off-road vehicle manufacturer cut its 2015 growth forecast, blaming weaker-than-expected North American off-road vehicles and snowmobile retail markets.
** KALOBIOS PHARMACEUTICALS INC, $0, +0.00 pct
** RETROPHIN INC, $20.73, -2.90 pct
KaloBios shares were halted after CEO Martin Shkreli was arrested by the FBI after a federal investigation involving his former hedge fund and a pharmaceutical company he previously headed. The securities fraud probe of Shkreli, who is now chief executive officer of Turing Pharmaceuticals and KaloBios, stems from his time as manager of hedge fund MSMB Capital Management and CEO of biopharmaceutical company Retrophin, a person familiar with the matter said.
KaloBios shares fell more than 50 percent premarket.
** PANDORA MEDIA INC, $15.235, +13.36 pct
A U.S. Copyright Royalty Board raised music royalty rates that Pandora and other Internet radio stations would have to pay.
“We think this new rate was as wise as Solomon in that everyone should walk away with victory,” Albert Fried analysts wrote in a note.
** LUMBER LIQUIDATORS HOLDINGS INC, $16.18, -13.38 pct
Goldman Sachs downgraded the hardwood flooring retailer’s stock to “sell” from “neutral”, saying the company has been investing into eroding fundamentals, growing capacity despite sharp declines in sales and margin.
** SHAW COMMUNICATIONS INC, $17.61, -10.06 pct
Canada’s Shaw Communications said on Wednesday it has agreed to buy Wind Mobile, the country’s fourth-largest wireless provider, in a deal that gives it a much-needed presence in the cellular market.
** WINNEBAGO INDUSTRIES INC, $19.54, -8.48 pct
The motorhome maker reported lower-than-expected Q1 revenue and profit, hurt by lower deliveries of Class A motorhomes and labor-related costs.
** PIER 1 IMPORTS INC, $4.9, -17.65 pct
The home decor and furniture importer reported lower-than-expected Q3 sales on Wednesday due to weak store traffic; cuts full-year EPS, comparable sales forecasts.
** AVON PRODUCTS INC, $4.26, +4.16 pct
The beauty products maker said it had agreed to sell 80.1 percent of its North America business to private equity firm Cerberus Capital Management LP for $170 million.
** SUNRUN, $12, +3.18 pct
** SOLARCITY CORP, $56.79, +5.77 pct
** SUNEDISON, $6.08, -2.09 pct
** ENPHASE ENERGY INC, $3.255, -2.54 pct
** SOLAREDGE TECHNOLOGIES INC, $26.455, +2.74 pct
** TERRAFORM GLOBAL, $4.96, -0.40 pct
U.S. solar companies’ shares rose after U.S. lawmakers reached a deal to extend investment tax credits. These volatile stocks had fallen until recently this year on uncertainty over tax credits and sharp drop in oil prices.
** ALIMERA SCIENCES INC, $2.91, +23.31 pct
The ophthalmic pharmaceutical company is in the early stages of exploring strategic alternatives, including a potential sale, according to people familiar with the matter.
** FEDEX CORP, $152.58, +2.52 pct
The package delivery company on Wednesday reported a better-than-expected quarterly net profit, saying higher margins, cost-cutting and a lower effective tax rate offset weak industrial production and global trade.
** GENERAL MILLS INC, $56.69, -4.22 pct
General Mills reported its second straight fall in quarterly sales, hurt by a strong dollar and weak demand for its snacks and baking products in the United States, and the company cut its full-year sales forecast.
** OCULUS INNOVATIVE SCIENCES INC, $1.14, +3.64 pct
The skin and wound-care product maker said the FDA approved its new treatment for burning, itching, erythema, scaling and pain related to dandruff.
** ACCENTURE PLC, $104.22, -4.46 pct
Accenture forecast current-quarter net revenue largely below analysts’ average estimate, due to lower orders in the company’s outsourcing business and negative impact from a stronger dollar.
** MOBILEYE NV, $40.98, +2.86 pct
Tesla Motors Inc said it would continue to use driving assistant software maker MobilEye NV’s vision chips in its vehicles, a day after a celebrity hacker challenged MobilEye’s technology.
Mobileye’s stock fell nearly 7 percent on Wednesday after short-selling firm Citron Research tweeted it was the “short of the year: 2016”.
** ACTINIUM PHARMACEUTICALS INC, $2.2, +15.79 pct
The FDA will allow the company to submit an application to market its experimental blood cancer treatment if the drug successfully clears a single late-stage study.
** MAGNEGAS CORP, $1.87, +8.72 pct
The alternative fuel maker said a sub-contractor for a Kennedy space center build-out project placed its first order for metal-cutting fuel.
** INTERCONTINENTAL EXCHANGE, $245.26, -0.99 pct
Warburg Pincus and Silver Lake divest their stakes in underwritten block after the exchange and clearing house operator announced 5.7-million-share secondary offering after the bell on Wednesday.
** ORACLE CORP, $37.04, -4.81 pct
The business software maker on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading.
** WAVE SYSTEMS CORP, $0.2105, +24.56 pct
The security system provider said it signed a five-year master licensing agreement with financial service company for its virtual smart card 2.0 solution.
** GASTAR EXPLORATION INC, $1.4, +10.24 pct
Topeka analysts said the the oil exploration company’s initial production results from its Meramec shale well in Oklahoma came in above expectations.
** MICRON TECHNOLOGY INC, $14.475, +2.88 pct
Morgan Stanley upgraded the memory chipmaker’s stock to “overweight” from “equalweight”, and raised their price target to $18 from $16, saying “Investor anticipation of weak February guidance has driven the stock to new lows, creating a compelling entry point”. (Compiled by Natalie Grover in Bengaluru; Edited by Don Sebastian)