February 12, 2016 / 4:47 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-MoneyGram, Wynn, LPL, Columbia Sportswear

(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 staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector. The Dow Jones industrial average was up 1.51 percent at 15,897.24, the S&P 500 was up 1.53 percent at 1,857.03 and the Nasdaq Composite was up 1.32 percent at 4,323.221.

** GROUPON INC, $2.81, +25.45 pct

The company reported a higher-than-expected quarterly profit, as strong sales in North America and restructuring of its businesses boosted margins. Piper Jaffray ups PT.

** SELECT COMFORT CORP, $15.35, -25.16 pct

The mattress maker reported lower-than-expected Q4 revenue, hurt by lost sales and higher costs due to issues with its enterprise resource planning software implementation. At least six brokerages cut PT on the stock.

** SQUARE INC, $9.21, +6.84 pct

The world’s largest payments network operator, Visa Inc , disclosed 9.99 pct holding of class A shares in Square, which is led by Twitter Inc CEO Jack Dorsey .

** ACTIVISION BLIZZARD INC, $27.705, -9.22 pct

The company’s revenue and profit for the holiday quarter missed market estimates, as strong sales of its latest “Call of Duty” videogame failed to offset lackluster demand for role-playing title “Skylanders: SuperChargers”.

** PRO-DEX INC, $2.78, +17.30 pct

The surgical and dental device maker says Q2 sales almost double due to increases in medical device revenue and additional product launches.

** COLUMBIA SPORTSWEAR CO, $55.96, +16.73 pct

At least 5 brokerages raise PTs after the company’s better-than-expected Q4 sales, helped by demand for brands such as the Columbia, Sorel and prAna in North America.


The money transfer company experienced stable cross-border pricing in the quarter and expects the trend to continue, J.P. Morgan Securities analysts write.

** WYNN RESORTS LTD, $67.65, +13.34 pct

The company’s Q4 net revenue from Macau fell 27 pct, registering their smallest decline in the past 5 quarters.

** LPL FINANCIAL HOLDINGS, $16.5, -34.68 pct

The brokerage firm posts Q4 profit below analysts’ estimates due to market volatility and says it expects continued pressure on brokerage sales

** JPMORGAN CHASE & CO, $56.985, +7.38 pct

** WELLS FARGO, $46.92, +3.90 pct

** CITIGROUP, $37.37, +6.83 pct

** BANK OF AMERICA, $11.785, +5.60 pct

Jamie Dimon, the CEO of JPMorgan Chase, on Thursday bought 500,000 shares of the company’s stock for more than $25 million, according to a filing with the U.S. Securities and Exchange Commission. JPM shares provide biggest boost to S&P 500 .SPX and buoys shares of other U.S. banks.


The company capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss.

** NU SKIN ENTERPRISES INC, $25, -19.90 pct

The skin care and nutritional products maker reports lower-than-expected Q4 profit and revenue, hurt by strong dollar and falling sales in Greater China, South Asia, and Europe.

** QLIK TECHNOLOGIES INC, $17.38, -10.50 pct

The data analytics software maker reports Q4 revenue below average analyst estimate due to a strong dollar. At least 16 brokerages cut PTs.


The U.S. auto parts maker reported a 2 percent rise in quarterly revenue, helped by strength in North American light vehicle production.

** BAIDU INC, $151.87, +7.55 pct

The Chinese Internet search company said it received an offer for its 80.5 percent stake in online video company Qiyi.com Inc from the CEOs of the two firms.

** VALERO ENERGY CORP, $57.45, +3.38 pct

** PBF ENERGY INC, $29.16, +3.04 pct

** EXXON MOBIL CORP, $80.92, +1.66 pct

At least five refiners have voluntarily cut output of gasoline and distillate in the most widespread cuts since the global financial crisis, moves that may deepen crude’s prolonged rout as storage tanks at Cushing, Oklahoma, the main U.S. oil hub, near capacity.

** CENOVUS ENERGY INC, $10.58, +5.69 pct

The Canadian oil producer said it may sell up to $5 billion of stock, debt or other securities, a day after it announced a dividend cut, as the company shores up its balance sheet amid a slump in oil prices.

** FIREEYE INC, $11.78, -5.08 pct

The cyber security company forecast first-quarter revenue largely above analysts’ estimates as it expects to sign up more customers.

** AMAZON.COM INC, $512.91, +1.80 pct

Amazon Web Services, the cloud computing arm of Amazon.com Inc, said it has acquired NICE, a software developer for technical computing.

** KROGER CO, $37.56, +3.10 pct

** FRESH MARKET INC, $22.71, +0.13 pct

The largest supermarket chain in the United States, is seeking to acquire Fresh Market, a U.S. specialty grocery retailer that has been exploring a sale, according to people familiar with the matter. (Reporting by Rosmi Shaji in Bengaluru; Editing by Maju Samuel)

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