November 11, 2016 / 4:51 PM / 2 years ago

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

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, here ; for the Morning News Call newsletter, here ) A rally sparked by Donald Trump's surprise victory in the U.S. presidential election, that also powered the Dow to a record high, sputtered on Friday as energy and healthcare stocks came under pressure.

The Dow Jones Industrial Average was down 0.26 percent at 18,759.42, the S&P 500 was down 0.55 percent at 2,155.57 and the Nasdaq Composite was down 0.29 percent at 5,193.78.

** NVIDIA CORP, $84.25, +24.32 pct

** ADVANCED MICRO DEVICES INC, $6.6, +4.85 pct

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

** MICHAEL KORS HOLDINGS LTD, $47.25, -8.71 pct

The apparel and accessories maker’s quarterly revenue declined for the first time since going public in 2011 and missed estimates as the company cut back on supplying products to U.S. department stores.

** WALT DISNEY CO, $96.89, +2.03 pct

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.

** DILLARD’S INC, $67.06, -4.84 pct

The department store operator reported lower-than-expected quarterly revenue and profit. The company cut capex estimate for the second time.

** PTC THERAPEUTICS INC, $10.51, +75.17 pct

European Medicines Agency’s Committee for Medicinal Products for Human Use recommended renewal of conditional marketing authorization of Translarna for treatment of nonsense mutation Duchenne muscular dystrophy.

** PAREXEL INTERNATIONAL CORP, $54.88, -9.26 pct

The company said it would miss the deadline to file its latest quarterly report as it had identified potential errors in its prior reports.

** PRA HEALTH SCIENCES INC, $55.22, -5.41 pct

Top shareholder KKR & Co LLP sold about 12 percent stake in the contract research company.


Credit Suisse downgraded the hospital operator to “underperform” from “neutral”, according to a trader.

** ALIBABA GROUP HOLDING LTD, $92.59, -1.86 pct

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, $32.44, -3.14 pct

The U.S. pharmaceuticals giant is to offer its pneumococcal vaccine at the lowest possible price to non-governmental organisations seeking to protect vulnerable people from illness in humanitarian crises. (Compiled by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva)

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