February 11, 2016 / 4:43 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Peabody, Mosaic, Blue Nile

(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 was off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores. The Dow Jones industrial average was down 2.27 percent at 15,552.97, the S&P 500 was down 1.90 percent at 1,816.65 and the Nasdaq Composite was down 1.49 percent at 4,219.873.

** BOEING CO, $103.57, -10.99 pct

The U.S. SEC is investigating whether Boeing properly accounted for the costs and expected sales of two of its best known jetliners, Bloomberg reported on Thursday.

** TWITTER INC, $14.35, -4.21 pct

The company reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend. At least 21 brokerages cut their PTs.

** MYLAN NV, $41, -18.88 pct

The generic drugmaker said it would acquire Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company. At least 3 brokerages cut PT.

** EXPEDIA INC, $102.27, +8.39 pct

The company on Wednesday forecast a rise in 2016 earnings in part from recent acquisitions, pushing shares up even though the company warned that the Nov. 13 Paris attacks hurt travel demand and its fourth-quarter profit fell below analysts’ estimates.

** CISCO SYSTEMS INC, $24.395, +8.37 pct

The network equipment maker reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added $15 billion to its share buyback program.

** TRIPADVISOR INC, $62.64, +15.25 pct

The travel review website operator reported a 7.3 percent rise in quarterly revenue as it earned more from display ads and subscriptions.

** FLOWERS FOODS INC, $16.74, -20.06 pct

The packaged bakery foods maker reported lower-than-expected Q4 profit on Wednesday, hurt by lower sales in its direct-store-delivery business and higher legal expenses.

** BLUE NILE INC, $24.23, -22.09 pct

The online jewelry retailer says Q4 sales miss analysts’ estimates, hurt by a strong dollar and lower demand for big-ticket items.

** BRUKER CORP, $23.08, +6.31 pct

At least four brokerages raise PT after the company beats profit estimate for the fifth straight quarter.

** MOSAIC CO, $25.18, +7.51 pct

The U.S. fertilizer company, grappling with falling prices and profits, is looking for acquisitions that could be bargain-priced in a weak commodity sector.

** LOCKHEED MARTIN CORP, $205.35, -4.02 pct

The company said it would offer the T-50A, a training jet developed jointly with Korea Aerospace Industries Ltd , in the upcoming U.S. Air Force competition to build 350 new training planes.

** PEABODY ENERGY CORP, $2.27, -32.44 pct

The struggling coal miner posts bigger-than-expected Q4 loss, hurt by lower prices and higher U.S. mining costs.

** RADIUS HEALTH INC, $26.25, -12.18 pct

Jefferies cuts PT, citing cautiousness on lead product given its similarity to Eli Lilly & Co’s Forteo and lack of practical advantages vs Amgen Inc’s romo.

** GROUP 1 AUTOMOTIVE INC, $50.06, -7.00 pct

The U.S. auto dealer reports lower-than-expected Q4 profit, mainly due to lower sales in Texas and Oklahoma.

** TESLA MOTORS INC, $155.28, +8.08 pct

Chief Executive Elon Musk says Tesla would make its first net profit by Q4 this year.

** INCYTE CORP, $56.995, -21.18 pct

The company said it would stop testing its best-selling blood cancer drug, Jakafi, in solid tumor cancers after the treatment’s effectiveness was found to be insufficient in a late-stage study.

** AVON PRODUCTS INC, $2.69, -17.23 pct

The company reported a bigger-than-expected drop in quarterly sales as demand for its cosmetics declined further in Latin America, its biggest market.

** TECK RESOURCES LTD, $3.735, -4.48 pct

The Canadian miner reported a surprise quarterly profit as cost cutting helped offset the impact of lower commodity prices.

** KEYCORP, $9.94, -5.51 pct


New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp’s plan to acquire First Niagara Financial Group Inc, saying the merger would impede retail banking competition and cost thousands of jobs upstate. ]

** KINROSS GOLD, $3.04, +18.29 pct

** ALAMOS GOLD INC, $4.39, +15.22 pct

** MCEWEN MINING INC, $1.61, +8.78 pct

** YAMANA GOLD, $2.71, +11.07 pct

** HARMONY GOLD, $2.71, +13.87 pct

** GOLD FIELDS LTD, $4.53, +11.85 pct

** IAMGOLD, $2.32, +12.62 pct

** BARRICK GOLD, $12.51, +8.03 pct

** SEABRIDGE GOLD, $8.3, +6.96 pct

** SIBANYE GOLD, $12.27, +13.72 pct

** ENDEAVOUR SILVER CORP, $1.69, +14.97 pct

** FIRST MAJESTIC SILVER CORP, $4.13, +12.23 pct

Gold prices surged above $1,200 per ounce on Thursday, boosted by bets that the Fed could find it hard to hike interest rates this year and safe-haven demand. Silver rises 1.9 pct to $15.60 an ounce, its highest since November 2015. (Reporting by Rosmi Shaji in Bengaluru; Editing by Maju Samuel)

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