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Share Price: 481.20
Bid: 481.15
Ask: 481.30
Change: -6.95 (-1.42%)
Spread: 0.15 (0.031%)
Open: 491.60
High: 494.35
Low: 480.45
Prev. Close: 488.15
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BUZZ-U.S. STOCKS ON THE MOVE- Automobile stocks, Kite Pharma, Zimmer

Mon, 05th Jan 2015 16:42

(Adds Zimmer Holdings, Kite Pharma, automobile stocks; UpdatesNovartis, Cempra) (For faster updates on individual market-movers, Eikon usersplease use search string "STXBZ US"; for the Day Aheadnewsletter, http://link.reuters.com/mex49s; for the Morning NewsCall newsletter, http://link.reuters.com/nex49s)

Energy sector stocks led a broad selloff on Wall Street onMonday as crude prices fell to fresh five-and-a-half-year lowsand a strong dollar also weighed on other commodities. The DowJones industrial average was down 1.40 percent at17,583.4, the S&P 500 was down 1.48 percent at 2,027.79and the Nasdaq Composite was down 38.95 points, or 0.82percent, to 4,687.86

** FORD MOTOR CO, $14.8, -3.65 pct

** FIAT CHRYSLER AUTOMOBILES NV, $11.26, -3.68 pct

** HONDA MOTOR CO, $29.04, -1.86 pct

The December U.S. sales of all three automakers fell shortof market estimates. Industry executives and analysts cautionedthat sales growth will slow this year after five years of rapidrecovery from the recession.

** ZIMMER HOLDINGS INC, $115.74, +2.80 pct

Analysts at J.P. Morgan upgraded the orthopaedic devicemaker's shares to "overweight" from "neutral" and raised theirprice target on it to $136 from $120 - the highest among 25brokerages covering the stock.

Zimmer could benefit from reduced dis-synergy risk andimproved industry pricing over time if Stryker Corp pursues and ultimately reaches an agreement with Smith & NephewPlc, the analysts wrote.

The stock touched its year-high of $117.19.

** KITE PHARMA INC, $64.686, +6.73 pct

Amgen Inc and Kite Pharma said they entered into adeal to develop and market cancer immunotherapies using Amgen'scancer targets and Kite's technology platform.

** STEREOTAXIS INC, $1.87, +21.43 pct

The U.S. Food and Drug Administration approved the medicaldevice maker's catheter device, Vdrive with catheter advancementsystem, for sale in the country.

The company also received an approval from JapanPharmaceuticals and Medical Devices Agency for Odyssey datamanagement products.

** CONATUS PHARMACEUTICALS INC, $10.05, +24.23 pct

The biotechnology company said it would present results fromthree clinical trials of its lead drug Emricasan on Thursday.Conatus said it would present results from a mid-stage study ofthe drug in patients with acute-on-chronic liver failure.

** ISIS PHARMACEUTICALS INC, $67.3, +9.31 pct

Johnson & Johnson will pay the biotech company up to$835 million for an option to license three drugs targetingautoimmune diseases in the bowel.

** BRAINSTORM CELL THERAPEUTICS INC, $6.01, -19.87pct

The Israeli stem cell therapy developer's stock rose 93percent in past two trading days as data on mid-stage study ofthe company's stem cell therapy in patients with amytrophiclateral sclerosis is expected on Monday.

** ROYAL DUTCH SHELL PLC, $63.76, -4.81 pct

** TOTAL SA, $47.84, -6.49 pct

** BP PLC, $35.85, -5.95 pct

** STATOIL ASA, $16.49, -5.34 pct

** VALE SA, $7.71, -2.90 pct

** BHP BILLITON LTD, $45.6, -4.08 pct

** EXXON MOBIL CORP, $89.95, -3.10 pct

** CHEVRON CORP, $107.93, -4.13 pct

** PETROBRAS SA, $6.2, -8.28 pct

U.S.-listed stocks of the world's biggest oil and gasproducers were down premarket after oil prices dropped to freshfive-and-a-half-year lows. Oil prices have been dipping onconcerns over a surplus of global supplies and lacklusterdemand, losing more than half their value since a peak in Junelast year.

** CEMPRA INC, $26.0782, +13.93 pct

The antibiotic drug developer moved a step closer toapproval for its lead antibiotic, solithromycin, after an oralversion of the potential blockbuster met the main goal in alate-stage trial.

** NATIONAL BANK OF GREECE SA, $1.68, -8.70 pct

Political uncertainty in Greece may force the EuropeanCentral Bank to start quantitative easing as debate around thepossibility of elections later this month resulting in thecountry leaving the euro zone picked up again.

Euro fell to $1.18605 in early Asian trading onMonday, its weakest level since March 2006.

** BREITBURN ENERGY PARTNERS LP, $7.0799, -7.21 pct

The oil and gas company said on Friday it expected 2015production of 19.5-20.7 million barrels of oil equivalent (boe),up from an estimated 14.1 million boe for 2014. Breitburnforecast oil and gas capital expenses to fall to $200 million in2015 from an estimated $375 million in 2014.

** CERUS CORP, $6.7165, +3.09 pct

The biomedical product maker said red blood cells treatedwith its Intercept Blood System for acute anemia incardiovascular surgery patients met the main goal in an Europeanlate-stage trial.

** CINEMARK HOLDINGS INC, $33.94, -2.78 pct

The movie theater chain's shares could rise more than 25percent over the next year, Barron's reported in its Jan. 5edition. (Compiled by Lehar Maan; Editing by Joyjeet Das)

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Crisis is spillover from Israel-Hamas war

*

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

(Alliance News) - Stock prices in Europe closed higher on Tuesday, after data confirmed that the eurozone is inching closer towards its 2% inflation targets.

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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19 Dec 2023 13:18

UK warns of deteriorating security in Red Sea, Royal Navy ship joins taskforce

LONDON, Dec 19 (Reuters) - Britain warned that the security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region.

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19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

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19 Dec 2023 08:47

LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts

(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.

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18 Dec 2023 18:18

Red Sea attacks force rerouting of vessels, disrupting supply chains

Houthis launched series of attacks, latest on Monday

*

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18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

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18 Dec 2023 16:55

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.

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18 Dec 2023 12:52

Red Sea attacks force rerouting of vessels, disrupting supply chains

DUBAI, Dec 18 (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal.

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18 Dec 2023 11:50

BP becomes latest to pause Red Sea shipments as attacks continue

(Sharecast News) - BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.

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LONDON BRIEFING: Eyes on BoE and ECB; US Fed signals 2024 rate cuts

(Alliance News) - Stocks are called to open higher on Thursday, after the US Federal Reserve chose not to surprise markets with its latest interest rate decision.

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13 Dec 2023 23:16

Newcomer Elysian, Petrobras notch big wins in Brazil oil auction

RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.

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13 Dec 2023 19:00

BP Energy wins oil auction for Brazil's Tupinamba block

RIO DE JANEIRO, Dec 13 (Reuters) - BP Energy on Wednesday won the auction for oil and gas production rights of the offshore block of Tupinamba in Brazil's Santos Basin.

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