December 6, 2016 / 2:17 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Safe Bulkers, Equinix, Toll Brothers, DryShips

(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) Wall Street was set to open higher on Tuesday, with the Dow on track to hit a record high for the second straight day, as a post-election rally continued.

Dow Jones industrial average futures were up 0.08 percent at 19,226, S&P 500 futures were up 0.17 percent at 2,208 and Nasdaq 100 futures were up 0.20 percent at 4,790.25.

** APPLE INC, Monday close $109.11, +0.98 pct premarket

Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple’s Chief Executive Tim Cook told Reuters.

** TOLL BROTHERS INC, Monday close $30.47, +4.53 pct premarket

The U.S. luxury homes builder’s revenue increased more than expected for the fifth straight quarter, boosted by higher home sales and average selling prices, and the company also gave an encouraging outlook.

** THERAPEUTICSMD INC, Monday close $6.17, +18.48 pct premarket

The drug developer announced positive top-line results from phase 3 replenish trial of its investigational bio-identical hormone therapy, TX-001HR, for the treatment of moderate to severe vasomotor symptoms (VMS) due to menopause in post-menopausal women with an intact uterus.

** SAFE BULKERS INC, Monday close $1.35, -14.81 pct premarket

The drybulk shipper said it will offer shares to the public, without disclosing the offering size. The company said a unit owned by CEO Polys Hajioannou would also buy shares of the company either through public offering or private placement.

** MICHAELS COS INC, Monday close $24.31, -13.00 pct premarket

The crafts and home decor retailer reported Q3 comparable sales drop of 2 percent vs analysts’ average estimate of 1.1 percent growth, profit below estimates.

** STARWOOD PROPERTY TRUST INC, Monday close $22.9, -4.02 pct premarket

The real estate investment trust offered 17.8 million shares to raise $394.3 million.

** LEXICON PHARMACEUTICALS INC, Monday close $15.64, -8.63 pct premarket

The drug developer said its mid-stage trial in collaboration with JDRF for type 1 diabetes drug, sotagliflozin, did not meet its main goal in a mid-stage trial.

** FORUM ENERGY TECHNOLOGIES INC, Monday close $23.2, -5.60 pct premarket

The oilfield services company announced public offering of 7 million shares, of which 3.5 million are being offered by the company and 3.5 million by selling stockholders.

** NEOVASC INC, Monday close $1.42, +17.61 pct

The Canadian device maker said Tiara valve, its treatment for mitral regurgitation, a condition that can lead to heart failure, achieved 86 percent technical success rate when implanted in 22 patients.

** VERIZON COMMUNICATIONS INC, Monday close $49.75, +0.68 pct premarket

** EQUINIX INC, Monday close $332.08, +2.28 pct

The No. 1 U.S. wireless carrier Verizon Communications has agreed to sell 29 data centers to Equinix for $3.6 billion, as the telecom giant focuses on its core business.

** INTRALINKS HOLDINGS INC, Monday close $11.27, +16.68 pct premarket


Synchronoss, which makes customer service software for mobile carriers, said it would buy cloud-based business software provider Intralinks Holdings for $821 million in cash.

** DRYSHIPS INC, Monday close $4.6, +8.48 pct premarket

Morgan Stanley reported a 6.1 percent passive stake in the dry bulk shipper as of Nov. 23, making it the third-largest shareholder of the company.

** KKR & CO, Monday close $15.67, +1.15 pct premarket

** BLACKSTONE GROUP LP, Monday close $26.4, +0.53 pct premarket

Private equity firm KKR said it would acquire a majority stake in cybersecurity company Optiv Security Inc, which is majority owned by Blackstone Group.

Compiled by Divya Grover in Bengaluru; Editing by Sriraj Kalluvila

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