April 29, 2015 / 6:04 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Humana, Alibaba, Twitter, 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 fell sharply in early afternoon trading on Wednesday, led by health insurers after Humana reported an unexpected pick-up in hospital admissions in March and April. The Dow Jones industrial average was down 0.22 percent at 18,070.23, the S&P 500 was down 0.29 percent at 2,108.67 and the Nasdaq Composite was down 0.48 percent at 5,030.966.


The hardwood flooring retailer reported a 2 percent fall in net sales so far in April and said it could not provide a full-year forecast.

** TWITTER INC, $39.52, -6.51 pct

The Microblogging site reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast due to weak demand for its new direct response advertising.

** ALIBABA GROUP HOLDING LTD, $82.14, -3.46 pct

The Chinese e-commerce company is freezing hiring for the rest of the year because it has grown “too quickly”, Executive Chairman Jack Ma told staff.

** BLUEBIRD BIO INC, $134.25, +1.11 pct

Piper Jaffray raised its price target on the drug developer’s shares, saying the company’s gene therapy, LentiGlobin, will emerge as a curative therapy for most sickle cell anemia patients this year.

** SPX CORP, $79.75, -6.48 pct

The maker of pumps, valves and filtration equipment posted first-quarter revenue that missed estimates due to a stronger dollar.

** INPHI CORP, $20.33, +10.37 pct

The chipmaker posted a first-quarter profit marginally above estimates and forecast second-quarter revenue and profit in line with estimates.

RBC Capital Markets raised its price target on the stock to $25 from $24.

** WYNN RESORTS LTD, $109.996, -15.70 pct

At least eight brokerages cut target prices on the casino operator’s stock by between $10 and $40 after the company reported a weaker-than-expected first-quarter profit, hurt by lower revenue from Macau.

** MYLAN NV, $74.38, +2.30 pct

** PERRIGO CO PLC, $186.7, +0.17 pct

Mylan boosted its cash-and-stock offer to buy Perrigo to $34.10 billion, a bid which is expected to be rejected, a person familiar with the matter told Reuters.

** HUMANA INC, $167.385, -7.58 pct

The health insurer reported a lower-than-expected first-quarter profit, due to rise in claims in its retail and group segments.

** OPENTEXT CORP, $51.76, -6.55 pct

At least five brokerages cut price targets on the stock after the Canadian business-software maker reported lower-than-expected third-quarter profit and revenue.

** HERCULES OFFSHORE INC, $0.78, +12.21 pct

The drilling contractor reported a smaller-than-expected quarterly loss, helped by lower costs.

** B&G FOODS INC, $30.94, -2.83 pct

The food distributor said its offering of 4.2 million shares of common stock was priced at $30.60 per share.

** BUFFALO WILD WINGS INC, $158.75, -13.58 pct

The restaurant operator reported first-quarter results that missed estimates as chicken wings prices soared 41 percent versus last year’s unusually low price.

** KBR INC, $17.03, +7.31 pct

The engineering and construction company posted a first-quarter profit versus a year-ago loss, helped by cost cuts.

** LOGMEIN INC, $66.08, +12.73 pct

The remote-access software maker reported a better-than-expected first-quarter profit.

** INTERNAP CORP, $9.36, -10.26 pct

D. A. Davidson cut its price target on the network services provider to $11, while Cowen cut it to $11 from $12.

** BEL FUSE INC, $19.99, +10.56 pct

The circuit protection equipment maker’s first-quarter sales jumped 71.8 percent, helped by higher sales from its power solutions and connectivity solutions business.

** NOVADAQ TECHNOLOGIES INC, $10.915, -12.47 pct

The Canadian medical imaging product maker posted a bigger-than-expected first-quarter loss of $20 per share on Tuesday as revenue fell and costs rose.

** BARRETT BUSINESS SERVICES INC, $45.28, +11.09 pct

The management consulting company’s first-quarter revenue rose 24 percent, helped by higher revenue in its professional employer services business.

** AMEDISYS INC, $27.56, +5.07 pct

The home health and hospice company reported a better-than-expected first-quarter profit, helped by higher demand for its healthcare services.

** MICROSTRATEGY INC, $184.31, +8.61 pct

The business software provider’s first-quarter profit beat the average analyst estimate as operating expenses fell 35 percent to $74.1 million.


The chipmaker reported higher-than-expected second-quarter revenue and profit, helped by strength in its automotive business.

** AVERY DENNISON CORP, $54.85, +5.81 pct

The maker of tickets, tags and labels reported higher-than-expected first-quarter profit and revenue, helped by higher sales in its pressure-sensitive materials business, and raised its 2015 profit forecast.

** HELEN OF TROY LTD, $88.55, +10.90 pct

The personal care products and kitchenware maker reported higher-than-expected fourth-quarter adjusted profit and revenue, driven by strong cold and flu season and demand for new healthcare products.

** STRATASYS, $41.06, -19.96 pct

** 3D SYSTEMS, $25.17, -3.78 pct

** VOXELJET, $8.37, -5.10 pct

Stratasys estimated first-quarter profit below analysts’ expectations, citing a stronger dollar and a decline in spending by clients, particularly in North America.

Shares of other 3D printer makers also fell.

** DIXIE GROUP INC, $10.19, -1.64 pct

The carpet and rugs maker reported a first-quarter net loss versus a profit a year earlier.

** CARTER’S INC, $98.74, +6.21 pct

The children’s apparel marketer reported better-than-expected first-quarter adjusted profit and revenue, driven by Carter’s and OshKosh divisions in the United States.

** EPIZYME INC, $18.155, -5.49 pct

The drug developer’s first-quarter loss was bigger than expected, hurt by a jump in R&D expenses and a fall in collaboration revenue.

** VERISK ANALYTICS INC, $76.25, +4.97 pct

The data analytics firm reported better-than-expected first-quarter profit and revenue as sales in its decision analytics business, which helps customers make decisions about managing assets and associated risks, rose about 17 percent.

** HILTON WORLDWIDE HOLDINGS INC, $29.975, +1.82 pct

The hotel operator reported higher-than-expected quarterly revenue, helped by higher room rates and increased occupancy.

** GRUBHUB INC, $41.02, -9.45 pct

The online food order and delivery company’s quarterly profit missed market estimates due to a jump in expenses and taxes.

** MASTERCARD INC, $90.51, +0.31 pct

The world’s No. 2 debit and credit card company reported a 17 percent rise in quarterly profit as more people used its cards worldwide.

** GOODYEAR TIRE & RUBBER CO, $28.66, +5.56 pct

The largest U.S. tire maker reported a better-than-expected quarterly profit as it shrugged off the effect of a stronger dollar by managing its costs.

** GENERAL DYNAMICS CORP, $137.2, +2.79 pct

The U.S. weapons maker on Wednesday reported higher-than-expected earnings and revenue for the first quarter.


The company, which owns the St. Regis and Sheraton hotel brands, said it was exploring strategic and financial alternatives and “no option is off the table.”

** GARMIN LTD, $45.64, -3.90 pct

The maker of GPS-based gadgets’ quarterly revenue rose much less than expected as a strong dollar ate into its overseas income.


The company, a provider of debt and equity financing for infrastructure projects, said it will issue 4 million shares, representing 14 percent of its outstanding stock, in a public offering.

** ONCOLYTICS BIOTECH INC, $0.73, +3.38 pct

The drug developer’s lead pancreatic cancer drug, Reolysin, got orphan drug status from the European health regulator.

** SPIRIT AIRLINES INC, $69.36, -10.94 pct


** AMERICAN AIRLINES, $49.08, -4.12 pct

** DELTA AIRLINES, $45.17, -2.23 pct

** SOUTHWEST AIRLINES CO, $40.9, -2.36 pct

** ALASKA AIR GROUP, $65.24, -1.85 pct

** JETBLUE AIRWAYS CORP, $20.75, -1.28 pct

Spirit’s poor results, weak U.S. economic data and rising oil prices combine to clip the airline sector’s wings.

** ARIAD PHARMACEUTICALS INC, $9.2699, +4.51 pct

Sarissa Capital Management LP said Ariad’s Harvey Berger would retire as CEO as part of a deal to settle the hedge fund’s proxy battle with the drugmaker.

** XPO LOGISTICS INC, $48.93, +15.27 pct

The company has agreed to buy France’s Norbert Dentressangle SA for $3.53 billion, including debt, in a deal it says will make it one of the top 10 logistics company in the world.

** GENWORTH FINANCIAL INC, $8.98, +12.39 pct

The life and mortgage insurer is considering strategic options, including going private or selling its global life and annuity insurance unit (GLAIC), Chief Executive Tom McInerney said.

** AKAMAI TECHNOLOGIES INC, $74.56, -1.99 pct

The company, whose service helps speed up delivery of online content, forecast current-quarter profit below analysts’ expectations, citing a stronger dollar.

** UNITED STATES STEEL CORP, $24.03, -10.27 pct

The U.S. steelmaker cut its full-year forecast for adjusted earnings before interest, taxes, depreciation and amortization forecast to $700 million to $900 million from $1.1 billion to $1.4 billion.


The mattress maker reported a 5.4 percent rise in quarterly sales, helped by higher demand in its North America business, the company’s largest market. (Compiled by Avik Das in Bengaluru; Editing by Simon Jennings)

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