April 15, 2015 / 3:38 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Aduro, Molycorp, Smith & Wesson

(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 rose higher on Wednesday as earnings from major companies beat lowered expectations and investors' worries about a poor quarterly season receded. The Dow Jones industrial average was up 0.23 percent at 18,078.67 and the S&P 500 was up 0.37 percent at 2,103.64.

** INTEL CORP, $32.855, +4.33 pct

The chipmaker forecast revenue broadly in line with Wall Street’s expectations and signaled a hefty cut in capital expenditures this year.

** ADURO BIOTECH INC, $34.87, +105.12 pct

The cancer immunotherapy company’s shares double after pricing upsized offering. The company offered 7 million shares, up from 5 million, at $17, above original filed range of $14-$16.

** MOLYCORP INC, $0.89, +65.95 pct

The rare earth miner said it has been chosen by Siemens AG to supply rare earth minerals over next 10 years from its Mountain Pass, California facility.

** SMITH & WESSON HOLDING CORP, $14.69, +13.00 pct

The gunmaker raised its fourth-quarter and full-year profit and revenue forecast, citing stronger-than-expected orders in the fourth quarter ending April 30.

** ALCATEL LUCENT SA, $4.01, -18.66 pct

** NOKIA, $7.743, -2.73 pct

Finnish telecom network equipment maker Nokia has agreed to buy Alcatel-Lucent in an all-share transaction that values its smaller French rival at 15.6 billion euros ($16.6 billion).

** LEXICON PHARMACEUTICALS INC, $0.9793, +7.64 pct

The drugmaker and partner Bristol-Myers Squibb Co pick drug candidate for development as a potential treatment for neuropathic pain.

** HARVEST NATURAL RESOURCES INC, $0.838, -17.03 pct

Venezuelan state oil company PDVSA has offered to buy Harvest Natural’s stake in the Petrodelta joint venture, according to a source close to PDVSA, but the Texas-based oil and gas producer later said no “fair” proposal had been made.

** CELSION CORP, $3.17, +19.30 pct

The drugmaker reported positive interim data from mid-stage study of its ThermoDox in treating a form of breast cancer.

** ANGIE’S LIST INC, $6.241, +11.05 pct

The online review company raised its 2015 adjusted EBITDA forecast to $30 milllion-$32 million from $28 million-$30 million as it streamlines operating expenses.

** RADISYS CORP, $2.1, +6.06 pct

The network gear maker reported preliminary first-quarter profit and revenue above analysts’ average estimate due to a 20 percent rise in software-systems revenue.

** 58.COM INC, $62.19, -8.37 pct

The Chinese classified advertising website and its competitor, Ganji.com, are in talks about a possible merger, a person with direct knowledge of the matter said, in a sign of further consolidation in the mainland’s hot technology sector.

** MONROE CAPITAL CORP, $14.74, -3.34 pct

The business development company announced a stock offering on Tuesday.

** SAGE THERAPEUTICS INC, $58.7399, +9.41 pct

The drug developer said it would offer 2.3 million shares at $52.50 per share, a discount of 2 percent to the stock’s Tuesday close.

** PRECISION CASTPARTS CORP, $208.46, -3.48 pct

The forging and fastener systems maker said it estimated a pretax non-cash impairment charge of $210 million-$220 million for the fourth quarter related to its 50 percent stake in Yangzhou Chengde Steel Tube Co Ltd, which it plans to sell.

** MOBILEYE NV, $45.57, +7.60 pct

Morgan Stanley raised its price target on the driver-assistance system maker’s stock to $68, while Deutsche Bank raised to $55 from $53.

** ENPHASE ENERGY INC, $13.78, +5.84 pct

Analysts at J P Morgan started coverage on the microinverter maker’s stock with an “overweight” rating.

** DELTA AIR LINES INC, $44.57, +3.46 pct

The Atlanta-based airline reported a first-quarter profit that topped analysts’ expectations and said it would reduce international capacity in the fourth quarter where a strong U.S. dollar has weakened demand.

** GOOGLE INC, $536.15, -0.67 pct

Google said on Wednesday it strongly disagreed with the European Commission which accused the U.S. company of distorting Internet searches in its favor and launched an antitrust probe into its mobile operating system, Android.

** PINNACLE ENTERTAINMENT INC, $35.05, +2.76 pct


Gaming and Leisure Properties, which buys real estate leased to casino operators, has raised its bid for Pinnacle Entertainment’s real estate, a person familiar with the deal said Tuesday.

** BALLARD POWER SYSTEMS INC, $2.3801, +5.31 pct

The Canadian fuel-cell maker said it received an order from a Chinese customer to supply power modules for eight buses to be deployed in Chinese cities.

** GOPRO INC, $46.438, +4.40 pct

Analysts at Piper Jaffray upgraded the wearable camera maker’s stock to “overweight”.


The Burger King franchisee estimated revenue in the first quarter to rise 27.5 percent to $193.2 million.

** DELEK US HOLDINGS INC, $39.41, +3.98 pct

** ALON USA ENERGY INC, $15.73, +0.19 pct

Refiner Delek said it would buy Alon Israel Oil Co Ltd’s 48 percent holding in Alon USA for about $572.4 million, giving it a stake in convenience stores and more refineries in the United States. (Compiled by Anannya Pramanick in Bengaluru; Edited by Maju Samuel)

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