(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) The Dow and S&P 500 slipped on Friday as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends. The Dow Jones industrial average was down 0.35 percent at 16,355.63, the S&P 500 was down 0.17 percent at 1,914.5 and the Nasdaq Composite was up 0.28 percent at 4,499.921.
** TRUECAR INC, $4.73, -18.02 pct
The online car-shopping service provider posts bigger-than-expected Q4 loss as its total costs and operating expenses jump.
** TRINITY INDUSTRIES INC, $16.17, -23.44 pct
The railcar maker’s forecast misses expectations by a wide margin.
** APPLIED MATERIALS INC, $18.75, +9.20 pct
The world’s largest supplier of tools used to make semiconductor chips forecasts higher-than-expected current-quarter profit and revenue.
** NORDSTROM INC, $49.3, -6.49 pct
The department store operator reports lower-than-expected quarterly profit.
** VF CORP, $58.79, -4.02 pct
Reports lower-than-expected Q4 profit and revenue.
** VALEANT PHARMACEUTICALS, $86.56, -8.02 pct
Wells Fargo initiates with “underperform” rating and a $65-$68 valuation range on the Canadian drugmaker’s U.S-listed shares.
** SOUTHWESTERN ENERGY CO, $7.145, -15.84 pct
** MURPHY OIL CORP, $15.51, -8.76 pct
** ANADARKO PETROLEUM, $34.89, -5.78 pct
** DEVON ENERGY, $18.67, -5.23 pct
** EXXON MOBIL CORP, $81.47, -1.19 pct
** CHEVRON CORP, $85.29, -1.66 pct
Shares of oil and gas companies are down after oil prices fell as talk of a coordinated plan by producers to freeze output levels was tempered by a record build in U.S. crude inventories.
** YAHOO INC, $30.08, +2.24 pct
Forms a committee of independent directors to explore strategic alternatives, alongside its plan to revamp and spin off its Internet business.
** DEERE & CO, $77.51, -3.51 pct
The maker of John Deere tractors reports lower quarterly earnings and cuts fiscal-year outlook.
** EQT CORP, $59, -3.15 pct
Appalachian Basin-focused natural gas producer offers 6.5 mln shares, about 4 pct of total outstanding, at $58.50, a 4-pct discount to Thursday’s $60.92 last sale price.
** FLUOR CORP, $45.28, -2.54 pct
FBR & Co cuts rating to “market perform” from “outperform”, PT to $46 from $57, after company posts lower-than-expected Q4 results on Thursday.
** LAYNE CHRISTENSEN CO, $5.67, +4.42 pct
Maxim Group initiates coverage of the construction and drilling company’s with a “buy” rating and $8 price target.
** ENCANA CORP, $3.21, -8.81 pct
** CENOVUS ENERGY INC, $10.58, -2.67 pct
Moody’s downgrades Encana and Cenovus’ senior unsecured notes to junk status, citing decline in cash flow due to the fall in oil prices.
** AMBAC FINANCIAL GROUP INC, $15.2, +6.15 pct
The bond insurer posts better-than-expected profit for 6th quarter in a row. (Compiled by Abhirup Roy in Bengaluru; Editing by Sriraj Kalluvila)