September 4, 2015 / 2:03 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Vince, Netflix, BlackBerry, Verifone

(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. stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later. The Dow Jones industrial average was down 1.59 percent at 16,114.54, the S&P 500 was down 1.45 percent at 1,922.83 and the Nasdaq Composite was down 1.06 percent at 4,683.172.

** VINCE HOLDING CORP, $5.83, -37.11 pct

Apparel retailer cut full-year forecast for the second time and posted second-quarter profit below estimates for first time in seven quarters. Lower earnings forecast reflects weak trends in its domestic wholesale and direct-to-consumer channels, Barclays says, slashing PT to $5 from $14.

** NETFLIX INC, $98.43, -2.60 pct

Stock on track to record 6 straight days of losses for only the second time in more than a year. US equity markets on the backfoot with large and liquid outperformers in the tech sector firmly in the cross-hairs.

** BLACKBERRY LTD, $10.02, +1.62 pct

U.S-listes shares, $7.557, +1.30 pct

Canadian smartphone maker company buys mobile security software maker Good Technology for $425 mln in cash. The deal boosts Blackberry’s ability to help companies manage smartphones that run any operating system, the company said.

** BP PLC, $31.01, -4.32 pct

BofA Merrill Lynch cut rating on the stock to “underperform” and warned of growing risks to the company’s dividend and potential for M&A that could be financed by stock.

** VERIFONE SYSTEMS INC, $30.45, -1.93 pct

Wedbush Securities cut PT on the credit card swipe machine maker’s shares to $40 from $47, Susquehanna Financial Group to $42 from $43; median PT $41. The company forecasts Q4 revenue, profit below estimates, saying it expects slowness in markets such as Brazil, Russia and Nigeria.

** STEREOTAXIS INC, $1.2, -12.41 pct

Stereotaxis to offer shareholders one subscription warrant for every four common shares held

Each warrant entitles holder to buy one share at $1.10 per share vs Thursday’s close of $1.37.

** QUALCOMM INC, $54.73, -1.48 pct

Qualcomm President Derek Aberle, under pressure from activist hedge fund Jana Partners to improve the licensing and chip design firm’s stock performance, on Thursday sounded a cautionary note about a potential breakup of the company. (Compiled by Amrutha Penumudi in Bengaluru; Edited by Don Sebastian)

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