(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) Wall Street was little changed in choppy trading on Friday as economic data further clouded the outlook for interest rates ahead of the Federal Reserve's policy meeting next week. The Dow Jones industrial average was up 0.03 percent at 16,335.71, the S&P 500 was down 0.16 percent at 1,949.07 and the Nasdaq Composite was down 0.11 percent at 4,790.781.
** CHEROKEE INC, $15.02, -37.70 pct
** TARGET CORP, $77.48, +0.53 pct
Apparel retailer Cherokee said Target elected not to renew the license of the Cherokee brand in the United States.
** ZUMIEZ INC, $14.88, -31.30 pct
The sports apparel and accessories maker forecasts Q3 sales and profit below analysts’ estimates. The company says response to merchandise offering fell short of expectations in Q2, requiring company to become more promotional than planned to clear slow-moving inventory ahead of the back-to-school selling season.
** ENERGY FOCUS INC, $16.85, -26.74 pct
The LED lighting product maker says underwritten follow-on offering of shares by the company and certain stockholders was priced at $17.00 per share, a discount of 26.1 pct to Thursday’s close of $23.00.
** AVON PRODUCTS INC, $3.415, -16.71 pct
Avon, which sells cosmetics door-to-door, is in talks with private equity firms about an investment through a stake sale in the struggling company, the Wall Street Journal reported on Thursday.
** MARVELL TECHNOLOGY GROUP LTD, $8.72, -17.35 pct
Marvell says conducting investigation into recognition of certain revenues in Q2. The company cites softening demand for certain products, particularly for HDD storage products due to slowing demand for PCs.
** FINISAR CORP, $12.185, -18.28 pct
The network equipment maker forecasts Q2 profit and revenue below analysts’ expectations late on Thursday.
** U.S. SILICA HOLDINGS INC, $17.79, -6.49 pct
Jefferies & Co cuts rating on the commercial silica maker’s stock to “underperform”, PT to $14. “We see significant risk related to pricing nearer term ... we (also) assume no pricing recovery in 2016,” analysts write in note.
** MATTRESS FIRM HOLDING CORP, $47.3, -21.61 pct
The mattress and bedding retailer’s Q2 adjusted earnings of $0.67 per share is below analysts’ estimates of $0.72, hurt by a 55 pct jump in operating expenses.
** CONTINENTAL BUILDING PRODUCTS INC, $20.42, -4.49 pct
PE firm Lone Star Funds sells 4 million shares to sole underwriter Credit Suisse. Continental Building to buy $20 million of stock in a private transaction from Lone Star equal to the price paid by the underwriter.
** ACETO CORP, $26.43, +19.43 pct
The drug developer’s Q4 net sales rise 5 percent to $146.6 million. Adjusted net earnings 48 cents per share vs 26 cents a year earlier.
** ARROWHEAD RESEARCH CORP, $6.37, +11.36 pct
The drug developer says experimental drug ARC-HIF2 was found to be promising in preclinical study for treating a type of kidney cancer.
** GOLD FIELDS LTD, $2.66, -8.59 pct
** ANGLOGOLD ASHANTI LTD, $7.22, -5.25 pct
** COEUR MINING INC, $2.65, -2.21 pct
** ALAMOS GOLD INC, $4.14, -3.94 pct
** BARRICK GOLD CORP, $6.27, +0.97 pct
** SEABRIDGE GOLD INC, $5.96, +0.85 pct
** HECLA MINING CO, $1.88, +0.00 pct
** FIRST MAJESTIC SILVER CORP, $2.75, -2.14 pct
** FORTUNA SILVER MINES INC, $2.08, -0.95 pct
Gold and silver miners’ U.S.-listed shares down 3-10 pct after gold prices fall as much as 1.2 percent to $1,098.35 per ounce. Gold heads for 3rd successive weekly loss as uncertainty over timing of U.S. Federal Reserve’s first rate hike in nearly a decade weighed on appetite for metal.
The Philadelphia SE Gold/Silver Index may be poised to drop to levels last seen in the late 1990’s.
** MURPHY OIL CORP, $2.66, -8.59 pct
** TRANSOCEAN LTD, $14.16, -4.45 pct
** CONSOL ENERGY, $12.67, -4.09 pct
** WPX ENERGY INC, $7.615, -3.61 pct
** STONE ENERGY CORP, $5.28, -3.47 pct
** BASIC ENERGY SERVICES INC, $4.12, -12.71 pct
** CALIFORNIA RESOURCES CORP, $3.045, -9.64 pct
** BAYTEX ENERGY CORP, $4.63, -8.13 pct
Oil prices fall as Goldman Sachs, Wall Street’s most influential voice in oil trading, slashed price forecast through 2016, citing oversupply and China concerns.
** BRADY CORP, $19.58, -9.01 pct
The identification products maker says Q4 earnings impacted by impairment charges of $46.9 million, primarily related to intangible asset writedowns in its Workplace Safety business.
** CLEAN ENERGY FUELS, $4.06, -14.53 pct
The company’s shares slump after energy investor T. Boone Pickens sells about $3.4 million worth of shares in the company he co-founded; files to sell up to 3 million shares.
** SODASTREAM INTERNATIONAL LTD, $15.8099, +6.68 pct
PepsiCo Inc said it would offer caps filled with Pepsi and Sierra Mist concentrates for at-home soda machines made by SodaStream on more platforms as it tests the home-made beverages market for its products.
** USA TECHNOLOGIES INC, $2.9, -8.23 pct
USA Technologies reports a lower-than-expected Q4 profit, hurt by lower gross margin as it sold more equipment to some large customers at discount.
** ZS PHARMA INC, $77.5, +3.71 pct
Swiss drugmaker Actelion Ltd has initiated talks that could lead to a bid for U.S. biotech company ZS Pharma, marking the latest bout of deal-making in a healthcare sector that has seen a wave of recent takeovers. (Compiled by Subrat Patnaik in Bengaluru; Editing by Maju Samuel)