July 26, 2016 / 12:22 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Verizon, McDonald's, Gilead, Tokai Pharma, Exact Sciences

(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. stock index futures were flat on Tuesday as investors braced for a flurry of corporate earnings, including those of Apple, and ahead of the Federal Reserve's policy meeting.

Dow Jones industrial average futures were down 0.12 percent at 18,397, S&P 500 futures were down 0.03 percent at 2,161.5 and Nasdaq 100 futures were up 0.16 percent at 4,661.

** VERIZON COMMUNICATIONS INC, Monday close $55.87, -1.36 pct premarket

The No. 1 U.S. wireless carrier by subscribers, reported a bigger-than-expected fall in quarterly revenue on Tuesday as it took a charge related to a strike by its wireline workers and more customers opted for cheaper plans.

** YAHOO INC, Monday close $38.32, -0.84 pct premarket

Yahoo shareholders may be left betting on how quickly, if at all, the former Web pioneer can cash in on its multibillion-dollar stakes in two Asian peers after Monday’s deal to sell its core internet assets to Verizon.

** AMAZON.COM INC, Monday close $739.61, +0.32 pct premarket

The online retailer said on Monday it has entered into a partnership with the British government to speed up the process for allowing small drones to makes deliveries.

** TEXAS INSTRUMENTS INC, Monday close $66.22, +6.69 pct premarket

The semiconductor manufacturer forecast revenue and profit for the current quarter largely above analysts’ estimates, helped by strong demand for its chips used in the automotive, industrial and communications markets.

** SANMINA CORP, Monday close $29.14

The electronics manufacturing services provider’s fourth-quarter earnings and profit forecast was largely below Wall Street’s estimates.

** UNITED TECHNOLOGIES CORP, Monday close $104.65, +1.29 pct premarket

The aircraft part maker’s quarterly profit and revenue beat analysts’ estimates, and the company raised the low end of its full-year forecast.

** GOLDMAN SACHS GROUP INC, Monday close $160.51

The U.S. Federal Reserve is preparing an enforcement action against the investment bank related to a leak of confidential government information to one of its employees, the New York Times reported on Monday.

** CATERPILLAR INC, Monday close $78.69, -0.88 pct premarket

The heavy industry equipment manufacturer said on Monday its global retail machinery sales declined 12 percent for the three months ended June 30 as demand for heavy machinery remained sluggish in all of the company’s core markets amid a slowdown in construction and mining activity.

** GENERAL MILLS INC, Monday close $71.69, +0.28 pct premarket

The consumer food manufacturer said it was expanding its flour recall to more batches after the detection of E. coli in its flour samples that led to four new cases of illnesses.

** CHIPOTLE MEXICAN GRILL INC, Monday close $441.52, -2.07 pct premarket

The burrito chain reported a bigger-than-expected drop in quarterly comparable sales as food giveaways and enhanced safety measures failed to bring back diners shaken by a string of food-borne illnesses last year.

** MCDONALD’S CORP, Monday close $127.4, -2.98 pct premarket

The happy meal maker reported a 3.6 percent fall in quarterly revenue as fewer customers visited its restaurants, mainly in the United States.

** UNDER ARMOUR INC, Monday close $43.59, -0.09 pct premarket

The sportswear maker’s quarterly revenue jumped nearly 28 percent, driven by strong demand for its sports shoes endorsed by NBA star Stephen Curry and golfer Jordan Spieth.

** ELI LILLY AND CO, Monday close $81.98, +1.52 pct premarket

The pharmaceutical company reported better-than-expected quarterly sales, driven by demand for its newer treatments for diabetes and cancer.

** GILEAD SCIENCES INC, Monday close $88.55, -4.01 pct premarket

The research-based biopharmaceutical company on Monday lowered its full-year sales outlook, citing slower-than-expected demand for its key hepatitis C drugs, and said second-quarter profits fell 22 percent.

** TOKAI PHARMACEUTICALS INC, Monday close $5.20, -69.81 pct premarket

The pharmaceutical company said it would discontinue a late-stage study of its prostate cancer drug galeterone.

** CARDIOME PHARMA CORP, Monday close $5.30, -35.85 pct premarket

The specialty pharma company announced a proposed public offering of common shares and said it intends to use net proceeds from the offering for in-licensing of its drug dalbavancin, used to treat skin infections.

** EXACT SCIENCES CORP, Monday close $12.46, +10.67 pct premarket

The diagnostics company said it generated revenues of $21.2 million during its second-quarter ended June 30, representing a 161 percent increase from $8.1 million a year earlier.

** VIKING THERAPEUTICS INC, Monday close $1.28, +11.72 pct premarket

The biopharma company announced positive top-line results from a proof-of-concept study of VK0214 in in-vivo model of X-linked Adrenoleukodystrophy (X-ALD), a genetic disorder. [nFWN1AC0L5

** CENTENE CORP, Monday close $75.26, +3.11 pct premarket

The health insurer reported a better-than-expected quarterly profit as the health insurer benefited from lower medical costs and an increase in Medicare and commercial customers from its acquisition of rival Health Net.

** VALERO ENERGY CORP, Monday close $50.29, +0.42 pct premarket

The U.S. refiner reported a bigger-than-expected quarterly profit as the U.S. refiner continued to benefit from low crude costs.

** E I DU PONT DE NEMOURS AND CO, Monday close $68.88, +0.89 pct premarket

The industrial bioscience company reported a higher-than-expected rise in quarterly profit as lower costs boosted margins, and the chemicals and seeds producer said it expected a 50 percent jump in operating earnings per share in the current quarter.

Compiled by Diptendu Lahiri in Bengaluru; Editing by Martina D'Couto

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