(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. stock index futures mostly fell on Tuesday as investor focus shifted from Greece to the U.S. earnings season and as oil prices took a beating on expectations of increased supply after an Iran nuclear deal.
Dow Jones industrial average futures were down 0.03 percent at 17,894, S&P 500 futures were down 0.05 percent at 2,093.5 and Nasdaq 100 futures were up 0.13 percent at 4,494.
** JPMORGAN CHASE & CO, Monday close $68.09, -0.38 pct premarket
The stock rose after the biggest U.S. bank by assets reported a stronger-than-expected rise in quarterly profit, but soon reversed course.
** MICRON TECHNOLOGY INC, Monday close $17.61, +12.10 pct premarket
China’s state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for the U.S. memory chip maker, in what would be the biggest Chinese takeover of a U.S. company, people familiar with the matter said.
** INTEL CORP, Monday close $29.73, -0.71 pct premarket
Bernstein cut its rating on the chipmaker’s stock to “underperform”, according to the theflyonthewall.com.
** JOHNSON & JOHNSON, Monday close $100.27, +0.44 pct premarket
Johnson & Johnson reported a 4 percent rise in quarterly profit as sales of its mainstay older drugs managed to offset the impact of a strong dollar on overseas revenue.
** WELLS FARGO & CO, Monday close $56.74, -1.43 pct premarket
The largest U.S. mortgage lender reported a drop in profit for the second quarter in a row as it set aside more money to cover bad loans and its expenses rose.
** AMBASSADORS GROUP INC, Monday close $2.4, -29.17 pct premarket
The travel program provider said on Monday it would close its student and adult travel business by the end of 2015.
** SPIRIT AIRLINES INC, Monday close $63.54, -7.77 pct premarket
The U.S. carrier lowered its forecast for the remainder of the year, primarily due to lower revenue, saying June results and operations were hurt by many cancellations related to adverse weather.
** AMAZON.COM INC, Monday close $455.57, +1.40 pct premarket
UBS upgraded the e-commerce company’s stock to “buy” from “neutral” and raised price target to $550 from $450 based on the flywheel that Amazon was creating via Prime subscriber growth and the Fulfillment by Amazon business.
** COCA-COLA, Monday close $40.66, +0.69 pct premarket
UBS upgraded the stock to “buy” from “neutral” and raised its price target to $48 from $44, citing an increasing probability of the stock breaking out of its historical trading range in next 12 months to a range of $45-$50.
** AUTOLIV INC, Monday close $108.55, -1.43 pct premarket
Baird cut its price target on the auto safety gear maker’s stock to $103 from $126 and kept its “neutral” rating.
** GOPRO INC, Monday close $52.11, +3.13 pct premarket
Barclays upgraded the action camera maker to “overweight” from “equal weight” and raised its price target to $65 from $50.
** APPLE INC, Monday close $125.66, +0.05 pct premarket
Apple introduced mobile payments in Britain on Tuesday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate.
** FEDEX CORP, Monday close $170.97
** BOEING CO, Monday close $146.62, +0.26 pct premarket
The package delivery company is in talks to buy at least 25 more 767 freighters from Boeing for about $5 billion, Bloomberg reported, citing people familiar with the matter.
** NATURAL HEALTH TRENDS CORP, Monday close $32.8, +11.31 pct premarket
The direct-selling and e-commerce company estimated revenue more than doubled in the for the quarter ended June 30.
** ORBITZ WORLDWIDE INC, Monday close $11.4, -2.19 pct premarket
UBS cuts its rating on the online travel agency’s stock to “sell” from “neutral” and its price target to $10 from $12.
** SWIFT ENERGY CO, Monday close $1.25, +13.60 pct premarket
KeyBanc cut its rating on the oil and gas explorer’s stock to “sector weight” from “overweight”.
** BALLARD POWER SYSTEMS INC, Monday close $1.44, +1.39 pct premarket
Rodman and Renshaw started coverage on the Canadian fuelcell maker’s stock with a “buy” rating and price target of $2.50.
** DIGITAL REALTY TRUST INC, Monday close $68.42
The real estate investment trust that rents out space to companies for setting up data centers said it would buy Telx Group Inc from its private equity owners in a deal valued at about $1.89 billion.
** WPX ENERGY INC, Monday close $11.12, -3.78 pct premarket
The oil and gas producer said it would acquire privately held RKI Exploration & Production LLC for $2.35 billion, the latest in a series of deals brought on by a steep drop in crude prices.
** FORD MOTOR CO, Monday close $14.64, +0.41 pct premarket
Ford increased European car sales 16 percent in June, benefiting from demand for the all-new Mondeo saloon and sport-utility vehicles.
** AVOLON HOLDINGS LTD, Monday close $23.73, +3.24 pct premarket
China’s Bohai Leasing Co Ltd said it has agreed to buy 20 percent of Avolon Holdings for $429 million, in the latest acquisition by a unit of aviation and shipping conglomerate HNA Group.
** YUM BRANDS INC, Monday close $91.11
The KFC, Pizza Hut and Taco Bell chain owner reports results after the markets close. The company said it expects another tough quarter before a recovery in China, but that could be pushed out as consumers clamp down on discretionary spending. (Compiled by Anannya Pramanick in Bengaluru; Editing by Savio D’Souza)