November 11, 2016 / 12:43 PM / in a year

BUZZ-U.S. STOCKS ON THE MOVE-Walt Disney, Nvidia, Alibaba

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U.S. stock index futures fell sharply on Friday as investors tailored their portfolios to benefit from president-elect Donald Trump’s proposed policies.

Dow Jones industrial average futures were down 0.27 percent at 18,735, S&P 500 futures were down 0.46 percent at 2,157.25 and Nasdaq 100 futures were down 0.89 percent at 4,701.75.

** WALT DISNEY CO, Thursday close $94.96, +1.85 pct premarket

The media company executives promised earnings growth for the next two years, easing investor concerns over a quarterly drop in ad sales and subscribers at its ESPN sports network.

** NVIDIA CORP, Thursday close $67.77, +13.40 pct premarket

The chipmaker reported its biggest quarterly revenue growth in more than six years as demand soared for its gaming chips used in personal computers.

** ALIBABA GROUP HOLDING LTD, Thursday close $94.34, -1.42 pct premarket

Chinese e-commerce company’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts.

** PFIZER INC, Thursday close $33.49, -0.42 pct premarket

The U.S. pharmaceuticals giant is to offer its pneumococcal vaccine at the lowest possible price to non-governmental organizations seeking to protect vulnerable people from illness in humanitarian crises.

** VALEANT PHARMACEUTICALS INTERNATIONAL PLC, Thursday close $16.82, -0.42 pct premarket

The Canadian drugmaker that became a poster child for high drug prices during the U.S. election season, may change its name to help boost its reputation, board member and its biggest investor, William Ackman, told CNBC on Wednesday.

** CONOCOPHILLIPS, Thursday close $44.78, -0.85 pct premarket

The largest U.S. independent oil producer will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said.

** TERRAFORM POWER INC, Thursday close $12.42

** TERRAFORM GLOBAL INC, Thursday close $4

TerraForm Power and TerraForm Global, the “yieldcos” of bankrupt solar company SunEdison Inc, said they would delay filing their third-quarter earnings reports.

** CME GROUP INC, Thursday close $117.05

Phupinder Gill, chief executive of the world’s largest futures market operator since 2012, will retire at the year end, the company said.

** AT&T INC, Thursday close $36.57, -0.05 pct premarket

The U.S. Federal Communications Commission told AT&T Inc it has “serious concerns” about whether rivals will be able to compete with its DirecTV Now online video service that will cost $35 a month and demanded answers by Nov. 21. (Compiled by Sruthi Shankar in Bengaluru; Editing by Anil D‘Silva)

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