March 16, 2016 / 12:48 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Chipotle, LinkedIn, Oracle, Peabody

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index futures were little changed on Wednesday ahead of the outcome of a Federal Reserve meeting on monetary policy. Dow Jones industrial average futures were down 0.17 percent at 17,212, S&P 500 futures were down 0.25 percent at 2,010.75 and Nasdaq 100 futures were down 0.17 percent at 4,357.

** CHIPOTLE MEXICAN GRILL INC, Tuesday close $503, -5.37 pct premarket

The burrito chain operator’s turnaround timeline appeared to lengthen on Tuesday after it reported a steeper-than-expected slide in February sales at established restaurants and warned that it will post its first quarterly loss as a public company.

** ORACLE CORP, Tuesday close $38.74, +3.46 pct premarket

The business software maker reported a higher-than-expected quarterly profit as its cloud business continued to gain momentum, and the company said it was boosting its stock buyback program by $10 billion.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Tuesday close $33.51, +2.36 pct premarket

Slew of rating and price target cuts after Valeant slashed 2016 guidance and said a delay in filing its annual report put it in danger of a default on its $30 billion debt.

** PEABODY ENERGY CORP, Tuesday close $4.01, -46.88 pct premarket

The largest U.S. coal producer said it may have to seek Chapter 11 bankruptcy protection after it delayed an interest payment due on Tuesday.

** LINKEDIN CORP, Tuesday close $115.58, -4.70 pct premarket

Morgan Stanley downgraded the professional social network operator’s rating to “equalweight” from “overweight” and slashed price target to $125 from $190.The company forecast lower-than-expected first-quarter profit and revenue on Feb. 4, as growth slowed in ads business and its hiring services faced pressure outside North America.

** SUNEDISON INC, Tuesday close $2.08, -15.38 pct premarket

** TERRAFORM POWER INC, Tuesday close $10.55, -10.14 pct premarket

The solar company said it delayed filing its annual report beyond the extended due date of March 15 after identifying material weaknesses in its financial reporting controls. Its “yieldco” TerraForm Power also said it had delayed filing its annual report.

** CAESARS ENTERTAINMENT CORP, Tuesday close $7.2, -15.14 pct premarket

Caesers Entertainment and its private equity backers could be on the hook for up to $5.1 billion in potential damages over a series of corporate deals that a court-ordered examiner said Tuesday led to a $18 billion bankruptcy protection filing by the casino company’s operating unit.

** CREDIT SUISSE GROUP AG, Tuesday close $15.31, -6.92 pct premarket

Traders cited the company’s CFO’s cancellation of presentation at banking conference and said speculation that withdrawal could be in anticipation of negative news.

** DEUTSCHE BANK AG, Tuesday close $20.15, -6.35 pct premarket

The bank’s CEO John Cryan said trading rush after ECB action will not offset weak start of the quarter. “I guess that market now expects weaker quarterly results for all European banks,” a local trader said. (Compiled by Arunima Banerjee in Bengaluru; Edited by Don Sebastian)

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