U.S. STOCKS ON THE MOVE-Coca-Cola, Randgold Resources, Qualcomm
10/02/2015 16:21
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U.S. stocks climbed on Tuesday, bouncing from two straight
declines, on hopes a deal in Greek debt negotiations was drawing
closer along with a lift from Coca-Cola earnings. The Dow Jones
industrial average .DJI was up 0.32 percent at 17,786.33, the
S&P 500 .SPX was up 0.43 percent at 2,055.55 and the Nasdaq
Composite .IXIC was up 0.60 percent at 4,754.36. .N
** COCA-COLA CO KO.N , $42.6, +3.32 pct
The world's largest beverage maker reported a
better-than-expected profit as sales in North America, its
biggest market, rose for the first time in four quarters,
offsetting the impact of a stronger dollar on its overseas
business. ID:nL4N0VK5EB
** GENERAL MOTORS CO GM.N , $36.82, +2.28 pct
The automaker said on Tuesday that a former member of the
U.S. auto task force that helped restructure the company in 2009
during its bankruptcy wants to join the board of directors and
have the automaker commit to a $8 billion share buyback program.
ID:nL1N0VK109
** STARWOOD HOTELS & RESORTS WORLDWIDE INC HOT.N , $77.55,
+8.87 pct
The hotel operator reported an 83 percent jump in quarterly
profit and said it would spin off its vacation ownership
business. ID:nL4N0VK58I
** SANDRIDGE ENERGY INC SD.N , $1.86, -5.10 pct
The U.S. oil and gas producer plans to slash its rig count
in Oklahoma and Kansas by nearly 75 percent, according to a
document obtained by Reuters. ID:nL1N0VJ1ZM
** QUALCOMM INC QCOM.O , $70.21, +4.62 pct
Analysts from FBR, Nomura, RBC and BMO raised their price
targets on the stock after the U.S. chipmaker agreed to pay a
record near-$1 billion fine in China for antitrust violations.
ID:nL1N0VK03I
"The terms of the new royalty deal were less than perfect,
we view the terms as better than feared, a net positive for QCOM
in our opinion," FBR Capital Markets & Co analysts said.
** COMSTOCK RESOURCES INC CRK.N , $4.87, -11.13 pct
The company suspended its oil drilling program and released
two operated drilling rigs due to the drop in oil prices.
ID:nHUG9jfRNG
** CHINA JO-JO DRUGSTORES INC CJJD.O , $2.7097, +5.44 pct
The company entered into a service agreement with Alibaba
Health Information Technology Ltd 0241.HK to use its
electronic prescription platform. ID:nPn7JGzrv
** YELP INC YELP.N , $44.98, +6.66 pct
** GRUBHUB INC GRUB.N , $38.25, -2.12 pct
The operator of the consumer review website Yelp.com said it
bought online food-ordering service Eat24, expanding its
business beyond consumer reviews into one of the hottest sectors
of the online economy. The acquisition of Eat24 for $134 million
puts Yelp in direct competition with established operators such
as GrubHub. ID:nL4N0VK5RH
** RANGOLD RESOURCES LTD GOLD.O , $79.34, -3.54 pct
Analysts at Deutsche Bank downgraded the company's
London-listed stock RRS.L to "buy" from "hold" and cut their
price target to 56 euros from 58. Randgold also reported lower
quarterly profit and revenue on Monday, despite a 26 percent
rise in gold production. ID:nRSI3482Ea
** GREENHILL & CO INC GHL.N , $36.85, +3.37 pct
Greenhill said it would buy advisory firm Cogent Partners LP
in cash and stock deal valued at $97.6 million ID:nIFP4SksR0
** AVENUE FINANCIAL HOLDINGS INC AVNU.O , $11.6, +5.45 pct
The company made a strong market debut with an initial
public offering of 2.5 million shares, which were priced at $11
each. ID:nL4N0VK5S6
** AMKOR TECHNOLOGY INC AMKR.O , $8.1099, +15.03 pct
The semiconductor assembling and testing services provider's
fourth-quarter revenue and profit beat the average analyst
estimate as demand for flip chip, wafer-level processing and
other test services grew. ID:nBw1HcLDsa
** CAMTEK LTD CAMT.O , $2.92, -8.46 pct
Chip inspection equipment maker Rudolph Technologies Inc
RTEC.N said a U.S. court ruled against Camtek in a patent
infringement case. ID:nBw1TJ1Kfa
** XG TECHNOLOGY INC XGTI.O , $0.4563, +8.13 pct
The radio technology developer signed a $1 million purchase
agreement with Townes Tele-Communications Inc for delivery of
broadband radio networking products. ID:nPn2wmq4Q
** REGENERON PHARMACEUTICALS INC REGN.O , $399.9785, +0.06
pct
The company reported better-than-expected fourth-quarter
sales, driven by surging demand for its blockbuster eye drug
Eylea. U.S. sales of the injectable drug rose about 29 percent
to $518 million. ID:nL4N0VK526
** DEAN FOODS DF.N , $15.86, -12.18 pct
The largest U.S. milk processor reported lower-than-expected
quarterly sales and profit as raw milk prices remained
stubbornly high. ID:L4N0VK5IM
** RETAILMENOT INC SALE.O , $14.79, -4.40 pct
The online coupon company forecast revenue for first quarter
and full year below analysts' estimates. ID:nPn8b7mrB
** BIOCEPT INC BIOC.O , $1.11, -40.00 pct
The cancer test maker is offering 8 million shares of common
stock and warrants to buy up to another 8 million shares at a
combined price of $1.25, a discount of 32 percent to the stock's
Monday close. ID:nGNXVCRWKa
** TRANSOCEAN LTD RIG.N , $18.79, -8.07 pct
Analysts at Credit Suisse cut their rating on the stock to
"underperform" from "neutral", saying they expect the company to
stack a lot of rigs over the next two years.
** URBAN OUTFITTERS INC URBN.O , $37.1799, +1.83 pct
** AEROPOSTALE INC ARO.N , $3, +13.64 pct
The U.S. apparel retailers reported better-than-expected
quarterly sales after holiday sales in the United States rose
the most since 2011. ID:nL4N0VJ6VK
Topeka Capital and SunTrust Robinson Humphrey raised their
price targets on Aeropostale to $3.50 from $3. At least five
brokerages, including Stifel Nicolaus, Sterne Agee & Leach, and
Robert W. Baird, raised target prices on Urban Outfitters in a
range of $36-$44.
** ALLISON TRANSMISSION HOLDINGS INC ALSN.N , $31.57, -2.86
pct
The vehicle transmission system maker said it expected 2015
sales to be flat or fall by up to 5 percent due to a "heightened
level of uncertainty and the lack of near-term visibility and
confidence in the global off-highway end markets".
ID:nL4N0VJ6CE
** COUPONS.COM INC COUP.N , $10.67, -26.46 pct
The online deal coupon provider forecast first-quarter
revenue of $52 million-$54 million, below the average analyst
estimate of $66.3 million. ID:nPn3D3hSF
** PFIZER INC PFE.N , $33.86, +2.39 pct
The drugmaker said it entered into an agreement with
Goldman, Sachs & Co to buy back $5 billion of its stock. Under
the agreement, which forms a part of Pfizer's existing buyback
authorization, about 150 million shares will be bought.
ID:nL4N0VJ6TN
** COMPUTER SCIENCES CORP CSC.N , $60.68, -6.42 pct
The information technology services company's third-quarter
revenue missed the average analyst estimate as revenue from two
of three segments fell, while that of the largest increased only
0.8 percent. ID:nL4N0VJ6S1
** ANTHERA PHARMACEUTICALS INC ANTH.O , $3.32, +27.69 pct