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BUZZ-U.S. STOCKS ON THE MOVE-Abercrombie, Google, Amazon, Qualcomm

Wed, 26th Aug 2015 12:55

(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)U.S. stock index e-mini futures were up on Wednesday: Dow Jonesindustrial average futures were up 2.17 percent at16,060, S&P 500 futures were up 2.28 percent at 1,915.5and Nasdaq 100 futures were up 2.59 percent at 4,132.75.

** SCHLUMBERGER LTD, Tuesday close $72.52, -1.53 pctpremarket

** CAMERON INTERNATIONAL, Tuesday close$42.47, +45.30 pct premarket

Schlumberger, the world's No.1 oilfield services company, agreed to buy oilfield equipment provider Cameron in a dealvalued at $14.8 bln.

Cameron shareholders will get $66.36 - $14.44 in cash and0.716 of a Schlumberger share - for each share held, a premiumof 56.3 percent to Cameron's Tuesday close.

** ABERCROMBIE & FITCH CO, Tuesday close$17.27, +14.94 pct premarket

The apparel retailer reported surprise second-quarterprofit, helped by higher demand for Hollister and abercrombieKids brands.

** GOOGLE INC C, Tuesday close $582.06, +4.77 pctpremarket

** GOOGLE INC A, Tuesday close $612.47, +5.10 pctpremarket

Goldman Sachs added the tech giant's stock to its"conviction buy" list. Broker put a $800 price target onGoogle's Class A shares, implying a 31 percent rise from currentlevels.

** AMAZON.COM INC, Tuesday close $466.37, +3.81 pctpremarket

Evercore Partners raises the e-commerce company's stock to"buy" from "hold". Out of 43, 36 brokerages rate the stock "buy"or higher while 7 rate it "hold".

** OSHKOSH CORP, Tuesday close $38.52, +11.66 pctpremarket

The U.S. specialty truck maker won a $6.75 billion contractto build 17,000 light tactical vehicles to replace the agingHumvees used by the U.S. Army and Marine Corps.

** QUALCOMM INC, Tuesday close $53.88, +2.64 pctpremarket

The chipmaker said it agreed to sell its UK L-Band spectrumto Vodafone Group Plc and Hutchison 3G UK Ltd in twoseparate deals. Qualcomm did not disclose the terms of the deal.

** TRANSOCEAN LTD, Tuesday close $12.2, -2.54 pctpremarket

The world's largest offshore driller said it wasplanning to cancel dividend installments while potentiallytaking writedowns of more than 2 billion Swiss francs ($2.12billion). The company's Swiss-listed shares fell 12.3 percent to10.70 francs at 0710 GMT in Zurich.

** PERRIGO CO PLC, Tuesday close $178, +1.18 pctpremarket

The Irish consumer healthcare company's chief executiveexpressed confidence on Tuesday that his company's shareholderswill reject rival generic drugmaker Mylan NV's hostiletakeover attempt, and said the offer is not close to what itwould take to get a deal done.

** CENTURY ALUMINUM CO, Tuesday close $4.65, -4.09pct premarket

The company, which is owned by Glencore PLC, saidon Tuesday it will idle its Hawesville, Kentucky, smelter, thefirst aluminum plant to shut in years as sinking prices andincreased Chinese exports harm producers.

** SAREPTA THERAPEUTICS INC, Tuesday close$32.58, +3.44 pct premarket

The drug developer said FDA accepted marketing applicationof its lead drug, Eteplirsen, in patients with a type of musclewasting disorder. 7 of 14 brokerages rated stock "buy" orhigher, 7 "hold".

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