April 21, 2015 / 4:18 PM / in 3 years


(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) U.S. stocks ticked lower on Tuesday, with the Dow industrials weighed by companies reporting earnings while the Nasdaq gained on the back of a proposed merger in the biotech sector. The Dow Jones industrial average was down 0.38 PCT at 17,966.7, the S&P 500 was down 0.09 PCT at 2,098.51 and the Nasdaq Composite was up 20.46 points, or 0.41 percent, at 5,015.06.


Cantor Fitzgerald analysts started covering the hardwood flooring retailer’s stock with a “buy” rating and a $45 price target. Lumber Liquidators is facing U.S. government investigations after CBS’s “60 Minutes” show last month alleged that laminates sourced by the company from China had excessive levels of cancer-causing formaldehyde.

** ALIGN TECHNOLOGY INC, $56.62, +4.46 pct

Morgan Stanley upgraded the dental product maker’s stock to “overweight” and raises its price target to $79 from $56 as concerns about intellectual property, a CEO transition and U.S. growth faded.

** LRR ENERGY LP, $8.46, +6.68 pct


Vanguard said on Monday it would buy LRR Energy for $539 million, including debt. The deal includes $251 million of Vanguard’s common units and $288 million in LRR’s debt. The companies said the deal valued LRR at $8.93 per unit, representing a 13 PCT premium to Monday’s close.

** GEVO INC, $2.175, -14.96 pct

The renewable chemicals and biofuel producer announced a 1-for-15 reverse stock split. The company’s common stock began trading on a split-adjusted basis on Tuesday. The reverse split reduced Gevo’s number of outstanding shares to about 9.8 million from about 146.3 million.

** ARCH COAL, $0.9547, -9.93 pct

The coal miner’s stock stayed below its 100-day moving average for the 100th straight session. The company’s loss and revenue missed Wall Street estimates due to lower prices.

** ECHO GLOBAL LOGISTICS INC, $31.89, +25.60 pct

The logistics company’s stock touched a record high and was among the biggest percentage gainers on the Nasdaq. The Company’s revenue for the first quarter increased 14 PCT, helped by a 33 PCT jump in truckload volumes. The company will buy privately held truckload services provider Command Transportation LLC for $420 million.

** BIOCEPT INC, $3.45, +2.68 pct

The cancer test maker’s shares rose for the second straight day after data spelt positive news for its liquid biopsy cancer tests.

** GASLOG LTD, $22.57, +5.86 pct

The LNG carrier operator agreed to charter three uncontracted newbuilds currently under construction to Methane Services Ltd, a unit of BG Group Plc. Charters will add about $845 million of fixed rate revenue to GasLog’s existing contracted revenue backlog.

** ALNYLAM PHARMACEUTICALS INC, $123.59, +4.14 pct

The drugmaker’s experimental drug for familial amyloidotic polyneuropathy (FAP) showed benefit in patients. FAPs are a group of life-threatening multisystem disorders caused due to protein buildups in nerves.

** OMNICOM GROUP INC, $76.64, -1.59 pct

The No. 1 U.S. advertising company reported its first fall in quarterly revenue in four years and said the strong dollar would reduce 2015 revenue more than it had expected.

** GANNETT CO INC, $35.48, +0.97 pct

The publisher of USA Today reported a 5 PCT rise in quarterly revenue, helped by increased broadcasting revenue. Net income attributable to Gannett rose to $112.9 million, or 49 cents per share, in the first quarter ended March 29, from $59.2 million, or 25 cents per share, a year earlier.

** DUPONT, $70.79, -2.81 pct

The chemical conglomerate reported a 28 PCT fall in first-quarter profit, hurt by a strong dollar. Net income attributable to DuPont fell to $1.03 billion, or $1.13 per share, in the quarter ended March 31, from $1.44 billion, or $1.54 per share, a year earlier.

** KIMBERLY-CLARK CORP, $111.93, +4.26 pct

The company reported a 4 PCT fall in quarterly sales as demand for personal care products such as Huggies diapers fell for the third straight quarter in North America and a strong dollar hurt sales in other markets.

For a graphic on the stock's performance vis-a-vis its peers, click (here)

** UNDER ARMOUR INC, $83.85, -4.46 pct

The sports apparel maker reported a 13.4 PCT fall in quarterly profit, hurt by higher costs related to its recent acquisitions.

** TRAVELERS COS INC, $103.08, -2.88 pct

Property and casualty insurer reported a 21 PCT fall in quarterly net profit due to lower net investment income and a drop in underwriting gains. [ID: nL4N0XI4AH]

** MYLAN NV, $74.58, +9.60 pct


** PERRIGO CO PLC, $193.64, -2.24 pct

Teva offered to buy Mylan at $82 per share in cash and stock. The Israeli company said its proposal was contingent on Mylan not proceeding with its planned acquisition of Perrigo, which it offered to buy for $29 billion earlier this month.

** JAKKS PACIFIC INC, $6.71, -2.75 pct

The toymaker reported better-than-expected first-quarter revenue, helped by its dolls based on Disney characters. The company secured licenses for entertainment franchises with releases in 2016.

** SUPERTEL HOSPITALITY INC, $2.82, +2.92 pct

JCP Investment Management LLC reported a 5.5 PCT stake in the real estate investment trust, as of April 20.

** SHAKE SHACK INC, $60.84, -4.41 pct

Stifel analysts cut its rating on the Hamburger chain’s stock to “hold”, citing valuation due to recent appreciation in share price.

** TD AMERITRADE HOLDING CORP, $35.79, -1.76 pct

The discount broker reported a 2.6 PCT fall in quarterly profit, hurt by higher expenses. The company’s net income fell to $189 million, or 35 cents per share, for the second quarter ended March 31, from $194 million, or 35 cents per share, a year earlier.

** BAKER HUGHES INC, $67.21, -1.65 pct

** HALLIBURTON CO, $47.12, -1.53 pct

Oilfield services provider Baker Hughes, in the process of being bought by Halliburton for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items.

For a graphic on the companies' share performances, click (here)

** HARLEY-DAVIDSON INC, $56.46, -8.60 pct

The motorcycle maker posted a higher quarterly net profit, but lowered its sales forecast for 2015, citing an aggressive price discounting by competitors.

** TECK RESOURCES LTD, $13.11, -5.21 pct

The Canadian miner slashed its half-yearly dividend and posted a quarterly profit below analysts’ estimates as prices for steel-making coal and copper remained depressed.

** LAM RESEARCH CORP, $77.8, +8.07 pct

The chip gear maker’s revenue for the first quarter rose 13 PCT to $1.39 billion as shipments jumped 19 PCT.

** FORTINET INC, $37.73, +8.95 pct

The security software maker reported a better-than-expected first-quarter profit and revenue. (Compiled by Rosmi Shaji in Bengaluru; Editing by Joyjeet Das)

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