January 13, 2016 / 6:28 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Supervalu, Multi-Fineline, CyberArk

(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's early gains evaporated on Wednesday morning, led by a drop in Amazon and other consumer discretionary stocks, while crude oil prices struggled to end their losing streak. The Dow Jones industrial average was down 1.00 percent at 16,350.49, the S&P 500 was down 1.11 percent at 1,917.17 and the Nasdaq Composite was down 1.62 percent at 4,610.235.

** SAGENT PHARMA, $15.74, +18.61 pct

The U.S. generic life sciences company focusing on injectable drugs is considering a sale of the company as part of an exploration of strategic alternatives, according to people familiar with the matter.

** CHECK POINT SOFTWARE TECHNOLOGIES, $78.7, -0.06 pct

** CYBERARK SOFTWARE, $45.43, +20.06 pct

Israel cyber security firm Check Point in initial talks to buy smaller provider CyberArk - TheMarker financial newspaper.

** SUPERVALU INC, $5.395, -10.23 pct

Near 3-yr lows on weak Save-A-Lot same-store sales.

** MULTI-FINELINE ELECTRONIX INC, $13.96, -14.88 pct

Estimates net sales below Wall Street.

** FORD MOTOR CO, $12.255, -4.63 pct

Sets a special $1 billion dividend, but profit outlook disappoints.

** METLIFE INC, $43.7, +4.07 pct

The largest U.S. life insurer plans to split its U.S. retail business.

** FXCM INC, $13.86, -18.13 pct

The online forex trading service provider says it expects a delay in assets sale, debt repayment.

** QORVO INC, $40.98, -8.49 pct

** SKYWORKS SOLUTIONS, $62.84, -5.69 pct

** AVAGO TECHNOLOGIES, $126.27, -2.81 pct

Qualcomm grows its radio frequency chipmaking capabilities through a JV with Japan’s TDK Corp. The deal dents Qorvo’s hopes of an M&A deal with Qualcomm. It also drags down Skyworks and Avago.

** TITAN PHARMACEUTICALS INC, $3.19, +6.33 pct

An FDA panel backs approval of the company’s opioid addiction implant.

** CHEVRON CORP, $80.88, -1.55 pct

** EXXON, $76.06, +1.14 pct

** APACHE CORP, $35.57, +0.42 pct

** SW ENERGY CO, $6.06, +2.02 pct

** CONOCOPHILIPS, $39.93, -0.80 pct

** OCCIDENTAL PETROLEUM, $61.29, +0.52 pct

Rare day of gains as oil ends losing streak. Crude prices up due to an unexpected draw in U.S. crude inventories and upbeat Chinese trade data.

** ANTHEM INC, $134.9, -0.52 pct

** EXPRESS SCRIPTS HOLDING CO, $80.19, -6.29 pct

Health insurer Anthem says it is working to renegotiate its contract with Express Scripts. Anthem says it could save $3 bln annually on drug costs from a pricing review.

** CSX CORP, $22.1968, -6.34 pct

The No. 3 U.S. railroad’s fourth-quarter profit falls on lower freight volumes.

** BORGWARNER INC, $33.38, -10.75 pct

Forecasts 2016 profit below analyst estimate.

** INTUITIVE SURGICAL INC, $561.14, +3.51 pct

Estimates fourth-quarter revenue above expectations.

** ATMEL CORP, $7.985, +3.97 pct

** MICROCHIP TECHNOLOGY INC, $43.31, +3.49 pct

Chipmaker Atmel considers Microchip proposal superior to Dialog Semiconductor Plc’s offer.

** SUNEDISON INC, $2.865, -5.13 pct

** VIVINT SOLAR INC, $8.89, -5.83 pct

David Tepper-led hedge fund Appaloosa Management LP sues to prevent SunEdison’s yieldco from buying some of Vivint’s assets.

** CONN‘S INC, $14.78, -3.71 pct

Eighth day of decline after Stifel Nicolaus downgrades the household goods retailer to “hold” from “buy”.

** CHIPOTLE MEXICAN GRILL, $430.28, +6.44 pct

Rebounds ahead of executive presentation.

** SLM CORP, $5.85, +4.28 pct

Goldman Sachs raises rating to “buy” from “neutral”.

** SHAW COMMUNICATIONS INC, $17.47, +6.13 pct

The Canadian telecom and cable operator sells media arm for C$2.65 billion. (Compiled by Abhirup Roy in Bengaluru; Editing by Maju Samuel)

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