(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 indexes rose on Tuesday after data showed retail sales continued to climb in August, strengthening the case for an interest rate increase when the Federal Reserve meets this week. The Dow Jones industrial average was up 1.32 percent at 16,586.95, the S&P 500 was up 1.14 percent at 1,975.38 and the Nasdaq Composite was up 0.97 percent at 4,852.256.
** FIAT CHRYSLER AUTOMOBILES NV, $14.73, +2.79 pct
Negotiators for the United Auto Workers and the company continued bargaining on Tuesday over wages and benefits for about 40,000 U.S. workers as the union delayed calling for strikes at the company’s most profitable operations.
** GW PHARMACEUTICALS PLC, $113.62, +6.29 pct
The UK-based company said its experimental cannabis drug for treating schizophrenia was found to be superior to a placebo in a mid-stage trial.
** PEBBLEBROOK HOTEL TRUST, $36.81, -4.54 pct
** HOST HOTEL & RESORTS INC, $17.28, -2.26 pct
** LASALLE HOTEL PROPERTIES, $30.8, -2.59 pct
** HILTON WORLDWIDE HOLDINGS INC, $25.06, -1.61 pct
** MARRIOTT INTERNATIONAL INC, $72.39, -0.82 pct
Hotel investment company Pebblebrook said it expected third-quarter same-property RevPAR to be slightly above or below the lower end of its previous forecast. The Labor Day shift and softness in international inbound travel hurt demand during August and September, the company said. Pebblebrook’s weak demand estimate could be pulling down other hotel and hotel REIT stocks, Raymond James analyst William Crow said.
** FITBIT INC, $33.15, +3.59 pct
Pacific Crest Securities started covering the wearable device maker’s stock with an “overweight” rating and a price target of $47. Apple Inc’s current presence in fitness watches doesn’t represent a risk to Fitbit, analysts wrote in a note. The company’s business is growing “ridiculously” fast and while consumer sales should drive the business, it can also expand in the corporate wellness market, they said.
** TIDEWATER INC, $15.89, +6.29 pct
The fleet operator of service vessels for offshore oil drilling said it settled with a shipyard regarding payment for nine vessels. Tidewater said it would get four of the vessels at a discounted price and that it has an option, not an obligation, to buy the remaining five. Tidewater will be repaid nearly $33 million in installments and interest payments if it does not buy the five vessels and it will not have to pay the shipyard about $75 million in construction payments due, the company said.
** MAXWELL TECHNOLOGIES, $6.07, +18.79 pct
The electrical energy storage components maker said General Motors is the first U.S. automaker to adopt its ultracapacitor-based voltage stabilization system (VSS). VSS is part of an enhanced start-stop system which lowers fuel costs, improves performance and reduces emissions, the company said.
** GRAY TELEVISION INC, $13.1, +11.58 pct
The broadcaster said it would acquire Schurz Communications Inc’s television and radio stations for $442.5 million. Gray Television said it expected the deal to add to its free cash flow.
** SILVER WHEATON CORP, $11.53, +3.41 pct
The Canadian company, which invests in miners in exchange for silver and gold, said it would buy back for cancellation up to 20.2 million shares on the Toronto and New York stock exchanges. The shares represent 5 percent of Silver Wheaton’s outstanding shares as of Sept. 11.
** ALIBABA GROUP HOLDING LTD, $64.23, +2.60 pct
The company's shares recovered somewhat after falling as much as 5 percent on Monday after Barron's weekend report said it could drop another 50 percent due to China's struggling economy, increasing competition and more scrutiny of company's culture and governance. The market "overreacted" to the report, Summit Research analyst Henry Guo said. "Alibaba has the long-term potential to grow". Several points in the article "weren't really backed by sound analysis" and the market recognized that, Axiom Capital's Victor Anthony said. Alibaba said on Monday that the Barron's story "contains factual inaccuracies and selective use of information." (bit.ly/1F9j9am)
** INTEROIL CORP, $34.96, +3.13 pct
** MIDSTATES PETROLEUM CO INC, $5.9, +3.69 pct
** COMSTOCK RESOURCES INC, $2.51, +3.72 pct
** PIONEER ENERGY SERVICES, $2.43, +2.97 pct
** BONANZA CREEK ENERGY INC, $6, +4.71 pct
Oil prices edged further above $46 per barrel, supported by prospect of lower U.S. inventories and production.
InterOil shares were also boosted by their addition to Goldman Sachs’ conviction list on “strong flow test results” from the company’s Antelope drilling well.
** XENOPORT INC, $4.95, -26.45 pct
The drugmaker said its drug, XP23829, showed 22-40 percent of diarrhea events, compared with 15 percent for placebo group, in a mid-stage trial even though it was effective in treating psoriasis, a type of chronic inflammatory disease of the skin. “XenoPort should stop spending limited resources on a drug that, while active, appears to be inferior to the standard of care in psoriasis,” Cowen & Co’s Eric Schmidt wrote in a note.
** SHILOH INDUSTRIES INC, $8.6, -16.14 pct
The provider of noise- and vibration-reducing products to automotive markets said it had overstated its cost of sales for the first quarter ended Jan. 31 and six months ended April 30 by about $1.7 million and $1.1 million, respectively. The company also said the reported first-quarter net profit of $3.7 million was overstated by about $1.2 million, and the 6-month net profit of $10.9 million was overstated by about $800,000. The error was due to a plant controller at its Wellington facility circumventing certain internal controls, Shiloh said.
** OCWEN FINANCIAL CORP, $7.42, -8.85 pct
The private mortgage servicer ended its contract with Fiserv Servicing System and said it expected to take $10 million in related charges in the third quarter. Ocwen said it now expected to report a full-year loss.
** BRISTOW GROUP INC, $30.26, +6.25 pct
Oppenheimer analyst James Schumm started covering the helicopter operator’s stock with an “outperform” rating and a price target of $52. Schummm recommended that investors “buy” the stock, citing an expected increase in demand for offshore helicopter services in the long term and a near-term advantage from Britain’s search-and-rescue services contract. About 70 percent of Bristow’s contracts are fixed, Schumm said.
** OWENS-ILLINOIS INC, $21.42, +6.67 pct
Bank of America-Merrill Lynch raised its rating on the glass container maker's shares to "buy" from "neutral", according to Benzinga.com. (bit.ly/1M9cZqu)
** WEIGHT WATCHERS INTERNATIONAL INC, $6.52, +13.59 pct
Craig-Hallum Capital analysts raised their rating on the weight loss services and products company’s shares to “buy” from “hold”, citing improvement in customer response to marketing and confidence in the company’s ability to meet near-term debt obligations. The brokerage also raised its price target to $10 from $6.
** EVOKE PHARMA INC, $3.69, +10.15 pct
The specialty drug developer said that a late-stage trial design for its drug EVK-001 is consistent with the FDA’s guidelines. EVK-001 is used to treat gastroparesis, a condition in which the stomach takes too long to empty its contents.
** SUNEDISON INC, $11.095, +4.67 pct
Bank of America-Merrill Lynch (BofA-Merrill) resumed coverage of the company’s stock with a “buy” rating, saying future cash flows from SunEdison’s yieldco entities are undervalued. BofA-Merrill set a price objective of $18 on the stock and said it believed capital infusions from strategic and financial partners such as Dominion and JP Morgan would remain available to SunEdison to execute on development opportunities.
** MICROSOFT CORP, $43.875, +1.94 pct
The company sent out invitations on Monday for an event on Oct. 6, where it is expected to unveil new devices that run on Windows 10, its latest operating system.
** APIGEE CORP, $8.19, +5.00 pct
The software developer’s Chief Financial Officer Tim Wan disclosed late on Monday an acquisition of 4,000 shares at a weighted average price of $7.9985 per share. (Compiled by Manish Parashar in Bengaluru; Editing by Kirti Pandey)