March 17, 2016 / 5:33 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Fedex, Mondelez, Guess, Valeant, Viacom

(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, Wall Street edged up on Thursday as FedEx and GE shares lifted the industrials sector, a day after the Federal Reserve's lowered projection of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this year. The Dow Jones industrial average was up 0.73 percent at 17,452.39, the S&P 500 was up 0.52 percent at 2,037.81 and the Nasdaq Composite was up 0.09 percent at 4,768.169.

** FEDEX CORP, $159, +10.21 pct

The package delivery company forecast better-than-expected full-year earnings and reported third-quarter earnings that beat analysts’ expectations.

** MONDELEZ INTERNATIONAL INC, $40.85, -2.09 pct

Billionaire investor William Ackman adjusted his battered hedge fund portfolio on Wednesday when he sold 20 million shares of the snack maker, one day after another key holding, Valeant Pharmaceuticals , lost half of its value.

** VITAE PHARMACEUTICALS INC, $6.892, +67.69 pct

The drug developer said late on Wednesday its experimental psoriasis drug significantly reduced the skin condition in patients from a mid-stage trial.

** ROFIN-SINAR TECHNOLOGIES INC, $31.5, +37.49 pct

The laser tools and systems maker Coherent Inc said it would buy laser developer and manufacturer Rofin-Sinar Technologies in a deal valued at about $942 million.

** GUESS INC, $18.51, -13.18 pct

The apparel retailer forecast a first-quarter loss, hurt by a strong U.S. dollar and increasing advertising and marketing expenses. Three brokerages cut price targets to as low as $19.

** SCORPIO BULKERS INC, $3.02, -17.93 pct

The dry bulk shipper offered 21 million shares at $3.00, a discount of 18.5 percent to stock’s Wednesday close of $3.68.

** SOUTHCROSS ENERGY PARTNERS LP, $0.862, -28.76 pct

The natgas pipeline company said on Wednesday parent Southcross Holdings LP may file for bankruptcy.


Creditors of the Canadian drugmaker are beginning to demand new terms that could further pressure its business model.

** VIACOM INC, $41.39, +2.81 pct

The media company’s new lead independent director pledged on Wednesday to represent all of the media company’s shareholders and improve board and management coordination, including on potential mergers and acquisitions.

** OFFICE DEPOT INC, $5.81, +10.46 pct

Activist investor had taken stake, believing that the office supplies retailer could be near a deal with Inc that will clear all regulatory barriers to its merger with Staples Inc, New York Post reported.

** TILLY’S INC, $6.76, -14.97 pct

The sports apparel retailer forecast surprise first-quarter loss on Wednesday due to warm weather in the West Coast.

** JABIL CIRCUIT INC, $19.73, -10.15 pct

The contract electronics maker forecast third-quarter revenue and profit well below estimates, hurt by lower demand for products used in smartphones.

** CLARCOR INC, $56.51, +10.05 pct

The air filtration system maker eported better-than-expected first-quarter profit and revenue on Wednesday, helped by lower costs.


A federal jury upheld validity of two Amgen Inc patents related to company’s newly approved cholesterol drug, Repatha, on Wednesday, a defeat for Sanofi SA and Regeneron, which make rival drug Praluent.

** MICHAELS COS INC, $26.79, +10.16 pct

The arts and craft retailer reported better-than-expected fourth-quarter profit and sales, helped by demand for holiday-related products, and it forecast first-quarter profit above average analyst estimate.

** ENDO INTERNATIONAL PLC, $28.9689, -14.57 pct

The drugmaker sees first-quarter earnings and revenue below Street estimates.

** VINCE HOLDING CORP, $6.66, -13.95 pct

The apparel retailer priced rights offering of 11.8 million shares at $5.50 per whole share of common stock, representing a 29 percent discount to stock’s Wednesday’s close.

** WILLIAMS-SONOMA INC, $55.79, -6.17 pct

The home furnishing retailer posted lower-than-expected fourth-quarter revenue, hurt by weak demand at Pottery Barn.

** BIOBLAST PHARMA LTD, $2.93, -28.19 pct

The drug developer said it is to offer about 2.16 million ordinary shares at $3.10 per share in direct offering and warrants to buy about 1.08 million ordinary shares with exercise price of $4.50.

** VIVINT SOLAR INC, $3.46, -4.42 pct

A failed attempt by SunEdison to buy the solar panel installer leaves the latter facing a tough future exacerbated by a stretched balance sheet.

** SEAWORLD ENTERTAINMENT INC, $18.295, +6.86 pct

Bowing to years of pressure from animal rights activists, the U.S theme park operator said on Thursday it would stop breeding killer whales and that those currently at its parks would be the last.


The Chinese online retailer said mall developer Zall Cross-border E-commerce Investment Co Ltd, a unit of Zall Development Group Ltd, to acquire 30 percent stake for $76.5 million. (Compiled by Arunima Banerjee in Bengaluru; Edited by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below