August 21, 2015 / 2:36 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Apple, Disney, Deere, Salesforce, New York & Co

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Wall Street slumped at the open on Friday, falling for the fourth straight session, as more grim data from China spooked investors already worried about the pace of global growth.

The Dow Jones industrial average was down 1.03 percent at 16,815.67, the S&P 500 was down 0.97 percent at 2,015.94 and the Nasdaq Composite was down 1.05 percent at 4,826.396.

** APPLE INC, $110.64, -1.78 pct

The iPhone maker was set for a fourth straight session of losses, hit by concerns of a slowdown in China, a key growth market for the company.

** WALT DISNEY CO,$99.15, -0.87 pct

Cowen and Company cut the media company’s price target to $89 from $98 with a “market perform” rating.

** DEERE & CO, $84.15, -7.17 pct

The maker of John Deere tractors said third-quarter profit tumbled 40 percent on weak demand for agricultural equipment, overall lower shipment volumes and a stronger dollar, and gave a bleaker forecast for fourth-quarter sales.

** SALESFORCE.COM INC, $70.52, +3.98 pct

The cloud software company reported a better-than-expected quarterly results, helped by an increase in demand for its Web-based sales and marketing software, and raised its revenue forecast for the full year for the third time.

** NEW YORK & CO, $2.45, +16.11 pct

The women’s apparel maker reported better-than-expected second-quarter results.

** STEINER LEISURE LTD, $64.75, +14.54 pct

The operator of spa services on cruise ships and hotels, said it would be taken private by private equity firm Catterton Partners for about $843 million, or $65 per share.

** BAYTEX ENERGY CORP, $4.6, -9.27 pct

The Canadian oil and gas company said it would suspend monthly dividend and stop further drilling at Peace River and Lloydminister areas in Canada for rest of year and cut 2015 crude oil production forecast

** AMERICA’S CAR-MART INC, $37.915, -9.03 pct

The auto dealer reported a fall in first-quarter profit as a near 17 percent rise in costs outweighed a 12.5 percent increase in sales.

** FOOT LOCKER INC, $71.34, -0.53 pct

The footwear retailer reported a profit and revenue that beat analysts average estimate for the eighth quarter in a row.

** ACCURACY INC, $6.4, +9.59 pct

The cancer radiation device maker received an order for non-invasive radiosurgical devices from 21st Century Oncology, which it booked in the first quarter.


Taiwan’s Advanced Semiconductor Engineering Inc (ASE) , the world’s top chip packager and tester, said it would buy up to 25 percent of Siliconware for an amount likely exceeding T$30 billion ($919 million).

ASE said it would offer T$45 per common share of SPIL, the industry’s third-biggest packager, and T$225 ($6.89) per American Depositary Share.

** INTUIT INC, $90.5, -12.08 pct

The tax-preparation software maker reported a fourth-quarter adjusted loss as expenses rose 17 percent and the company also forecast an adjusted loss for the current quarter. Intuit also said it plans to divest Demandforce, QuickBase and Quicken.

** ROSS STORES INC, $51.33, -7.10 pct

The off-price retailer forecast slowing same-store sales growth in third and fourth quarter compared to last year, citing intense competition and higher discounts at other department stores and retailers.


The network equipment maker reported better-than-expected third-quarter results, driven by an increase in router sales.

** NET 1 UEPS TECHNOLOGIES INC, $20.548, +6.74 pct

The South Africa-based payment solutions provider posted a better-than-expected quarterly profit, helped by lower costs and higher revenue from its financial inclusion and applied technologies unit.

** FRESH MARKET INC, $22.1, -16.89 pct

The grocery store operator reported lower-than-expected quarterly profit and revenue as consumers bought less organic and fresh produce from its stores. The company’s comparable store sales fell more than expected.

** ELDORADO GOLD CORP, $3.5, -12.28 pct

The Canadian miner said it would suspend all mining and development activities in the Halkidiki region in Greece after the Greek Energy Ministry on Wednesday revoked approvals for technical studies in the region.

** SYSCO CORP, $40.32, -0.57 pct

The food distributor added Nelson Peltz and another Trian Fund executive to its board, days after the activist investor disclosed a 7.1 percent stake in the company and called its shares “undervalued”.

** INTERDIGITAL INC, $47.85, -1.10 pct

** MICROSOFT CORP, $45.142, -1.13 pct

InterDigital has violated U.S. antitrust law by failing to keep its promise to fairly license its technology considered essential to mobile phone communications, Microsoft said in a lawsuit.

** INTREXON CORP, $42.72, +0.52 pct

The company said it has commenced an underwritten offering of common stock and intends to grant the underwriters the option to buy up to an additional 15 percent of shares in the offering. (Compiled by Sruthi Shankar in Bengaluru; Editing by Savio D’Souza)

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