February 24, 2015 / 12:17 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Home Depot, Office Depot, Toll Brothers

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Dow Jones industrial average futures were up 0.09 percent at 18,102, S&P 500 futures were up 0.01 percent at 2,107 and Nasdaq 100 futures were down 0.01 percent at 4,444.

** HOME DEPOT INC, Tuesday close $112.28, +3.22 pct premarket

The world’s No.1 home improvement chain, reported a 36 percent rise in fourth-quarter profit and said it would buy back $18 billion of shares.

** TOLL BROTHERS INC, Tuesday close $37.1, +4.04 pct premarket

The largest U.S. luxury homebuilder, reported a higher-than-expected quarterly profit and raised the low end of its full-year home delivery forecast as housing demand strengthened.

** OFFICE DEPOT INC, Tuesday close $9.44, +1.80 pct premarket

The No. 2 U.S. office supplies retailer’s quarterly sales rose nearly 10 percent, helped by the acquisition of OfficeMax.

** CYMABAY THERAPEUTICS INC, Tuesday close $12.25, +10.20 pct premarket

The company said its experimental lead drug met the main goal of reducing episodes of gout in a mid-stage study.

** CHEGG INC, Tuesday close $6.75, +20.30 pct premarket

BMO Capital Markets upgraded the stock to “outperform” from “market perform”, according to Theflyonthewall.com.

The online library operator on Monday signed a deal with book distributor Ingram Content Group Inc’s unit to be able to exit its warehouse operations by the end of this year. The company said it would move investment from physical textbooks to high-margin digital services with Ingram responsible for all new book investments starting May 1.

Chegg also reported a better-than-expected fourth-quarter profit as operating expenses fell 10.4 percent from a year earlier.

** COMCAST CORP, Tuesday close $58.21, -1.70 pct premarket

** TIME WARNER CABLE INC, Tuesday close $149.09

Comcast, the largest U.S. cable operator, posted higher fourth-quarter revenue as it added new video and high-speed internet customers.

Comcast and Time Warner Cable have also been sued for $20 billion for allegedly discriminating against African American-owned media and employing advocates such as the NAACP and the Rev. Al Sharpton to advance their bias.

** HEWLETT-PACKARD CO, Tuesday close $38.19, +0.81 pct premarket

Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to HP in a multibillion-dollar deal that leaves the group’s retail operations untouched.

** SUNPOWER CORP, Tuesday close $27.8, +11.51 pct premarket

** FIRST SOLAR INC, Tuesday close $49.64, +10.60 pct premarket

Sunpower, the second-largest U.S. solar panel maker is expected to report a lower fourth-quarter profit on Tuesday morning, hurt by uneven revenue recognition from its solar projects.

First Solar and SunPower also said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Tuesday close $198.75, +0.12 pct premarket

Valeant plans to strike smaller deals to build on its acquisitions of Salix Pharmaceuticals Ltd and assets of Dendreon Corp, its chief executive said on Monday.

** FIVE9 INC, Tuesday close $3.78, +8.7 pct after market

The maker of contact-management software for call-centers reported better-than-expected fourth-quarter revenue and a smaller-than-expected loss as gross margin expands to 48.6 percent from 46.5 a year earlier. The company also forecast higher-than-expected revenue for the first quarter.

** XENCOR INC, Tuesday close $15.32, -4 pct after market

The drug developer announced an offering of 5.5 million shares and said it will sell all the shares in the offering. The company had 31.4 million shares outstanding, as of Feb. 5.

** COMPUTER SCIENCES CORP, Tuesday close $71.74, +2.45 pct premarket

Hedge fund Jana Partners disclosed 5.9 percent stake in the information technology services company. The activist investor said the stock was “undervalued” and represented an “attractive investment opportunity”.

** PDL BIOPHARMA INC, Tuesday close $7.34, -9.2 pct after market

The drug developer reported lower fourth-quarter net income, as acquisition- and compensation-related expenses increased.

** MACY’S INC, Tuesday close $64.16

The department store operator is likely to report a holiday shopping quarter profit above average analyst estimate before markets open, according to Thomson Reuters StarMine. Comparable-store sales rose 2 percent for the owner of the upmarket Bloomingdale’s chain.

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