(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 modestly higher on Tuesday, buoyed by better-than-expected quarterly reports, including from Netflix and Johnson & Johnson.
Dow Jones industrial average futures were up 0.53 percent at 18,108, S&P 500 futures were up 0.60 percent at 2,135.75 and Nasdaq 100 futures were up 0.67 percent at 4,835.5.
** GOLDMAN SACHS GROUP INC, Monday close $169, +1.76 pct premarket
The Wall Street bank reported a 57.9 percent rise in quarterly profit as trading revenue surged.
** NETFLIX INC, Monday close $99.8, +18.63 pct premarket
The company added over 50 percent more subscribers than expected in the third quarter as original shows such as “Stranger Things” drew new international viewers and kept U.S. customers despite a price hike.
** INTERNATIONAL BUSINESS MACHINES CORP, Monday close $154.77, -2.44 pct premarket
IBM posted better-than-expected third-quarter revenue, helped by growth in its cloud and analytics businesses, but the investments in the businesses led to a drop in margins.
** UNITEDHEALTH GROUP INC, Monday close $134.13, +1.39 pct premarket
The largest U.S. health insurer reported better-than-expected quarterly profit and revenue, helped by strength in its Optum business.
** JOHNSON & JOHNSON, Monday close $118.49, +0.17 pct premarket
The world’s largest maker of healthcare products reported third-quarter revenue and profit just ahead of Wall Street estimates, fueled by strong sales in its prescription drugs business.
** INTEL CORP, Monday close $37.29, +1.42 pct premarket
Barclays upgraded the chipmaker’s stock to ‘overweight’ from ‘equal weight’ and raised its price target to $45 from $38.
** APPLE INC, Monday close $117.55, +0.63 pct premarket
Deutsche Bank raised its price target on the iPhone maker’s stock to $108 from $105.
** BLACKROCK INC, Monday close $354.6, untraded premarket
The world’s largest asset manager reported a better-than-expected quarterly profit, showing resilience in what has been a weak market for many traditional asset managers.
** HARLEY-DAVIDSON INC, Monday close $49.7, untraded premarket
The motorcycle manufacturer reported a lower quarterly profit due to weak sales in the United States, its largest market.
** VISA INC, Monday close $82.15, -0.85 pct premarket
The payment processing company said Chief Executive Charles Scharf, who orchestrated the company’s reunion with its European affiliate,is stepping down and will be succeeded by former American Express Co President Alfred Kelly.
** ALASKA AIR GROUP INC, Monday close $71.94, untraded premarket
** VIRGIN AMERICA INC, Monday close $53.85, +0.93 pct premarket
Alaska Air pressed on with talks with the U.S. Justice Department to reach a deal for approval to buy Virgin America, two people close to the matter said Monday as a deadline for the government to complete the merger review passed.
** CHIPOTLE MEXICAN GRILL INC, Monday close $394.35, -1.11 pct premarket
RBC cut its target price on the restaurant chain operator’s stock to $465 from $485; rating outperform.
** BANK OF AMERICA, Monday close $16.05, +0.69 pct premarket
Following the bank’s quarterly report on Monday, Citigroup raised its target price on the stock to $18 from $17, UBS to $19 from $18 and KBW to $17.50 from $16.50.
** UNITED CONTINENTAL HOLDINGS INC, Monday close $53.03, untraded premarket
The No. 3 U.S. airline by passenger traffic said cheap airfares and higher wages from new contracts will squeeze its results this fall, making it difficult to be as profitable as competitors. United’s profit fell 80 percent to $965 million in the third quarter, due to a one-time accounting gain last year related to taxes.
** DOMINO’S PIZZA INC, Monday close $152.01, +2.03 pct premarket
The world’s biggest pizza delivery chain reported a bigger-than-expected 17 percent jump in quarterly revenue as its U.S. division overcame intense competition that is taking a bite out of industry sales.
** DEL TACO RESTAURANTS INC, Monday close $12.63, +8.39 pct premarket
The restaurant operator posted better-than-expected Q3 revenue, helped by an increase in company restaurant sales and in franchise revenue.
** AMAYA INC, Monday close $15.49, -3.03 pct premarket
William Hill and the Canadian online gambling company abandoned merger talks, leaving the British bookmaker struggling to find a partner in a fast consolidating industry.
** SM ENERGY CO, Monday close $38.72, untraded premarket
** OASIS PETROLEUM INC, Monday close $11.23, -3.65 pct premarket
SM Energy said it would buy 35,700 net acres in West Texas’s Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum. (Compiled by Ahmed Farhatha in Bengaluru; Editing by Savio D’Souza)