March 3, 2015 / 12:32 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-McDermott, Ocwen, Tower Semiconductor

(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 e-mini futures fell on Tuesday: Dow Jones industrial average futures were down 0.10 percent at 18,229, S&P 500 futures were down 0.13 percent at 2,111.25 and Nasdaq 100 futures were down 0.10 percent at 4,472.5.

** MCDERMOTT INTERNATIONAL INC, Monday close $2.61, +23.37 pct premarket

The oilfield service provider reported a fourth-quarter profit, compared with a loss a year earlier. The company also forecast 2015 revenue much higher than analysts’ average estimate.

** OCWEN FINANCIAL CORP, Monday close $8.54, +4.80 pct premarket

The mortgage servicer says it will sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer.

** ONCOLYTICS BIOTECH INC, Monday close $1.07, +13.08 pct premarket

The U.S. FDA gives the Canadian biotech company’s lead drug, Reolysin, orphan drug status to treat of a type of abdomen cancer. The drug had also been given orphan drug status for treatment of fallopian tube cancer on Monday.

** TOWER SEMICONDUCTOR LTD, Monday close $16.79, +7.80 pct premarket

The Israeli chip manufacturer, which includes Tower Semi and its U.S. unit Jazz Semiconductor, has won a contract from Intel Corp to produce infrared sensors for Intel’s 3D cameras.

** JD.COM INC, Monday close $28.15, +3.02 pct premarket

The biggest Chinese e-commerce rival to Alibaba Group Holding Ltd posted a 73 percent rise in revenue for the three months through December, topping estimates as it expanded sales across more consumer goods categories.

** BEST BUY CO INC, Monday close $38.63, +4.19 pct premarket

The largest U.S. consumer electronics chain reported a 2 percent rise in quarterly same-store sales, helped by higher sales of large-screen televisions and mobile phones in the holiday shopping season.

** CITIGROUP INC, Monday close $53.49, +0.95 pct premarket

** SPRINGLEAF HOLDINGS INC, Monday close $38.04

Citigroup said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf for $4.25 billion in cash.

** BARCLAYS PLC, Monday close $16.08, -2.55 pct premarket

The British bank took a 750 million pound ($1.2 billion) charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank’s efforts to slash costs and boost profits.

** DTS INC, Monday close $30.11, +3.3 pct after market

The audio products maker forecast 2015 revenue largely above analysts’ average estimate, citing demand from “network-connected markets, specifically connected TVs, mobile devices and Play-Fi enabled devices”.

** OPOWER INC, Monday close $15.47, -19 pct after market

The cloud-based software maker forecast first-quarter and full-year 2015 revenue below analysts’ expectations, saying it is taking “conservative stance” on international revenue. Opower also forecast 2015 loss bigger than analysts were expecting.

** INTREXON CORP, Monday close $40.22, +6.6 pct after market

The synthetic biology products company posted a surprise fourth quarter profit and four-fold jump in revenue, helped partly by the recognition of some deferred collaboration revenue. (Compiled by Amrutha Gayathri in Bengaluru; Edited by Maju Samuel)

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