February 9, 2015 / 5:53 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Oil stocks, China-based stocks, airline stocks

(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) U.S. stocks slipped on Monday, on the heels of disappointing Chinese economic data and increased tensions over Greek debt negotiations, though the decline was limited by another gain in oil prices. The Dow Jones industrial average was down 0.23 percent at 17,783.93, the S&P 500 was down 0.07 percent at 2,054.05 and the Nasdaq Composite was up 0.04 percent at 4,746.34.


The drugmaker said a combination of its experimental Hepatitis C drug in combination with Gilead Sciences Inc’s blockbuster Sovaldi eradicated signs of the virus following six weeks of therapy.

** ATOSSA GENETICS INC, $1.58, +32.77 pct

The medical device maker signed a distribution deal with Thermo Fisher Scientific Inc, the world’s largest maker of scientific instruments.

Atossa will market its FullCYTE breast aspirator device in the United States through Thermo Fisher’s Fisher HealthCare channel under the deal. The device is used by doctors and nurses to collect breast fluid for testing.

** POSTROCK ENERGY CORP, $5.09, +25.68 pct

** GOODRICH PETROLEUM CORP, $3.28, +7.19 pct

** SWIFT ENERGY CO, $3.01, +14.45 pct

** W&T OFFSHORE INC, $6.99, +10.78 pct

** PIONEER ENERGY SERVICES CORP, $5.63, +10.39 pct

** PENN WEST PETROLEUM LTD, $2.675, +11.92 pct

** LRR ENERGY LP, $8.39, +6.74 pct

** HALCON RESOURCES CORP, $2.13, +4.93 pct

** REX ENERGY CORP, $5.0511, +6.79 pct

** SANCHEZ ENERGY CORP, $15.65, +5.03 pct

** PENGROWTH ENERGY CORP, $3.505, +4.94 pct

** SANDRIDGE ENERGY INC, $2.28, +4.11 pct

** BAYTEX ENERGY CORP, $19.67, +4.24 pct

** CALIFORNIA RESOURCES CORP, $6.49, +5.70 pct

** BASIC ENERGY SERVICES INC, $7.67, +7.57 pct

** DENBURY RESOURCES INC, $9.06, +1.91 pct

** NORTH ATLANTIC DRILLING LTD, $2.32, +25.41 pct


** SEADRILL LTD, $14.14, +6.64 pct

** PARAGON OFFSHORE PLC, $3.26, +10.14 pct

** PACIFIC DRILLING SA, $3.86, +1.85 pct

Shares of oil and gas producers, oilfield service providers and contract drillers rise as crude prices gain after Organization of the Petroleum Exporting Countries forecasts greater demand this year than previously thought and projects less supply from countries outside OPEC

** RIO ALTO MINING LTD, $2.86, +8.33 pct

** TAHOE RESOURCES INC, $12.65, -10.35 pct

The Canadian gold miner’s U.S.-listed shares rose after bigger rival Tahoe Resources said it would to buy the company for C$1.4 bln ($1.12 bln) in a cash and share deal.

The offer of C$4 a share represents premium of 22.1 pct to Rio Alto’s Friday close on the Toronto Stock Exchange.

** NORDIC AMERICAN TANKER LTD, $9.4, -6.09 pct

The tanker company said it expects six vessels to be drydocked in 2015 and also reported a flat fourth-quarter profit of 1 cent per share.

** XUEDA EDUCATION GROUP, $2.45, -2.78 pct

** VIPSHOP HOLDINGS LTD, $22.41, -2.40 pct

** CHANGYOU.COM LTD, $26.04, -10.85 pct

** SOHU.COM INC, $52.705, -5.70 pct

China’s trade performance slumped in January, with exports falling 3.3 percent and imports falling 19.9 percent, far worse than analysts had expected, highlighting deepening weaknesses in the Chinese economy.

** TWITTER INC, $47.14, -1.81 pct

Co-founder and board member Jack Dorsey sold about 75,000 shares on Friday for about $3.6 mln (1.usa.gov/16FFTy4)

Up to Friday’s close, stock had gained about 28 pct in the past week in which the company reached a deal with Google Inc to make tweets more searchable, reported better-than-expected results and locked horns with Facebook Inc for Super Bowl spectators.

** REGULUS THERAPEUTICS INC, $15.4, -8.66 pct

The company said two hepatitis C patients given a single dose of its experimental drug relapsed in a study.

** MCG CAPITAL CORP, $3.96, +4.21 pct

The asset management company said it would explore strategic alternatives including a sale of company and appointed Morgan Stanley as its financial adviser.

** CHINA GREEN AGRICULTURE, $2.25, +17.19 pct

The company reported a 42 percent jump in second-quarter profit, due to a rise in sales of its high-margin liquid fertilizer and significant sales of its Gufeng product to Sino-agri Group.


The company entered into a technology transfer deal related to an immuno-oncology therapy with the Chinese PLA General Hospital. (1.usa.gov/192bUCg)

The deal for RMB 12 million involves the acquisition of clinical data and certain pending patents related to the therapy.

** AMERICAN AIRLINES GROUP INC, $46.1601, -4.12 pct

** DELTA AIRLINES INC, $44.19, -2.90 pct


** SOUTHWEST AIRLINES CO, $43.28, -1.95 pct

** JETBLUE AIRWAYS CORP, $16.36, -3.76 pct

American Airlines lowered its first-quarter profit margin forecast due to a recent rise in oil prices, up more than 21 pct in past 2 weeks

Other airline stocks also slumped on the news.

** CONN’S INC, $24.5101, +8.98 pct

Stifel Nicolaus analysts raised their rating on the stock to “buy” from “hold” and set a price target of $33. The company’s credit business is getting “less bad”, analysts wrote in a note, adding that Conn’s has tightened its credit business, which may have halted comparable sales growth, but is good for cash-flow.

** VIGGLE INC, $2, -9.09 pct

The company filed for a shelf offering of common stock, preferred stock, warrants or units for aggregate initial offering price of up to $40 million.

** GALENA BIOPHARMA INC, $1.71, +2.40 pct

The company said it enrolled the 700th breast cancer patient in a study to test its experimental immunotherapy drug NeuVax. Galena expects to enroll patients until the end of the first quarter.

** MOTOROLA SOLUTIONS INC, $67.66, +4.64 pct

The walkie-talkie and radio systems maker is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.

Potential buyers could include private-equity firms and defense contractors including Raytheon Co, Honeywell International Inc and General Dynamics Corp, Bloomberg reported, citing one of the sources. (bloom.bg/16rCCCp)

** ENERGY XXI LTD, $3.74, -1.84 pct

The oil and gas producer reported a bigger-than-expected second-quarter loss and revenue below the average analyst estimate. ID:nGNXVCSEUa]


The cancer drug developer said a combination of its drug, bavituximab, with anti-PD-1 antibody was better at fighting cancer in pre-clinical trials than an anti-PD-1 antibody alone.

Bavituximab, a PS-targeting antibody, blocks cells that suppress the body’s immunity to cancer cells, while an anti-PD-1 antibody activates the body’s defenses against tumor cells.

** IPG PHOTONICS CORP, $85.86, +4.84 pct

The company raised its fourth-quarter revenue forecast to about $207 million from $190 million-$205 million earlier, helped by growth in its materials processing and advance applications businesses.

** ONCOLYTICS BIOTECH INC, $0.4539, +8.07 pct

The Canadian drug developer said it submitted an application for orphan drug designation for its experimental drug to treat high grade gliomas in pediatric patients.

** ABERCROMBIE & FITCH CO, $24.39, -5.39 pct

Analysts from BofA Merrill Lynch and Wunderlich Securities cut their ratings on the stock to “underperform” and “sell”, citing “weak management credibility” and loss of pricing power.

** ALCOA INC, $15.69, -5.31 pct

** CENTURY ALUMINUM CO, $23.09, -8.63 pct

Analysts from J.P. Morgan Securities downgraded Alcoa’s stock to “neutral” from “overweight”, and cut their price target to $18.50 from $20, citing deteriorating aluminum fundamentals and softer global demand.

The brokerage also downgraded Century Aluminum’s stock to “underweight” from “neural”, and lowered its price target to $17.50 from $20.

** NATIONAL BANK OF GREECE, $1.125, -7.02 pct

S&P cut Greece’s long-term sovereign credit rating to “B negative” from “B” on Friday, warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.

The bank has now erased all the gains from last week and is racing back towards a record low.

** MASCO CORP, $26.58, +2.03 pct

The building products maker reported a better-than-expected fourth-quarter profit, helped by higher sales of its plumbing and decorative architectural products.

** HASBRO INC, $60.57, +8.67 pct

The second-largest U.S. toymaker reported a better-than-expected quarterly profit, helped by demand for its Transformers, Nerf and Marvel toys in the holiday shopping season.

** COMPUGEN LTD, $8.06, +3.87 pct

The Israeli drug developer said new data shows its experimental cancer therapy has the potential to be a promising immuno-oncology antibody.

** FIFTH STREET FINANCE CORP, $7.205, -15.14 pct

A 17 percent rise in expenses pushed the business development company to a fourth-quarter loss from a profit a year earlier

** QUALCOMM INC, $67.48, +1.70 pct

The U.S. chipmaker is likely to pay China a record fine of around $1 billion, ending a 14-month government investigation into anti-competitive practices, after it made significant progress during talks with the regulator last week.

** MCDONALD’S CORP, $92.98, -1.07 pct

The company’s worldwide same-restaurant sales fell a steeper-than-expected 1.8 percent in January, as it fights to win back diners around the world and shake off the after-effects of a supplier scandal in China. (Compiled by Amrutha Penumudi in Bengaluru; Editing by Simon Jennings)

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