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BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Container Store, Oculus Innovative

Wed, 08th Jul 2015 13:10

(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. stocks were set to open lower on Wednesday as Chinesemarkets slid further and as investors continue to keep a waryeye on developments in the Greek debt crisis. Dow Jonesindustrial average e-mini futures were down 0.76 percentat 17,545, S&P 500 futures were down 0.74 percent at2,058.5 and Nasdaq 100 futures were down 0.74 percent at4,389.5.

** TESLA MOTORS INC, Tuesday close $267.88, -2.45pct premarket

Analysts at Pacific Crest cut their rating on the company'sstock to "sector weight" from "overweight" on valuation.

"From root-level technology and manufacturing all the way tosales and marketing, Tesla's differentiation relative to itspeer group is nothing short of total," analyst Brad Ericksonwrote in a note. "We simply believe the stock price now morefully reflects these core attributes," he added.

** OCULUS INNOVATIVE SCIENCES INC, Tuesday close$1.5, +10.00 pct premarket

The company, which develops solutions to treatdermatological conditions, said it was awarded a U.S. patent forthe use of the Microcyn Technology hypochlorous acid in thetreatment and mitigation of atopic dermatitis.

** MICROSOFT CORP, Tuesday close $44.3, -0.77 pctpremarket

The world's largest software company plans to announce a newround of layoffs as early as Wednesday as it tries to cut costsfurther, the New York Times reported.

** SYMANTEC CORP, Tuesday close $22.79, +3.20 pctpremarket

** CARLYLE GROUP LP, Tuesday close $27.94

Software security company Symantec is in talks to sell itsVeritas data storage business to private equity firm CarlyleGroup, a person familiar with the matter said on Tuesday.

** JPMORGAN CHASE & CO, Tuesday close $66.8, -0.97pct premarket

The bank has agreed to pay at least $125 million to settleprobes by U.S. state and federal authorities that it sought toimproperly collect and sell consumer credit card debt, accordingto people familiar with the matter.

** POTASH CORP OF SASKATCHEWAN INC, Tuesday close$30.18, -1.42 pct premarket

The Canadian company is confident that K+S AG shareholders would accept its $8.7 billion bid, butis open to raising it if its German rival could reveal morevalue, the Globe and Mail reported, citing a source close to thedeal.

** MONSANTO CO, Tuesday close $107.8

** SYNGENTA AG, Tuesday close $83.04, -2.14 pctpremarket

Monsanto believes offering a higher break-up fee to Syngenta if its $45 billion takeover approach does not go aheadwould be counterproductive, Chief Executive Hugh Grant told aSwiss newspaper.

** PEABODY ENERGY CORP, Tuesday close $1.79, +2.23pct premarket

The coal miner said the Wyoming authorities had reaffirmedthat all three of its coal mines in the state were eligible for"self-bonding" - a government program giving coal miners adiscount on insuring their clean-up costs in case of bankruptcy.

** CONTAINER STORE GROUP INC, Tuesday close$17.5, +6.57 pct premarket

Three brokerages raised price targets on company's stock byas much as $2 to as much as $20, after the company reported asmaller-than-expected Q1 loss on Tuesday.

** FORD MOTOR CO, Tuesday close $14.85, -1.08 pctpremarket

The company is looking to a raft of new sedan and SUVlaunches in China later this year to regain momentum in theworld's largest auto market, after its sales barely grew in thefirst half of 2015.

** HUMANA INC, Tuesday close $187.1, -0.86 pctpremarket

** AETNA INC, Tuesday close $115.33, -0.15 pctpremarket

Health insurer Humana and buyer Aetna set fees to be paid inthe event of a failure of the largest deal in the healthinsurance industry.

Aetna, which said last week it would buy Humana for about$37 billion in cash and stock, has to pay a termination fee of$1.69 billion, Humana said in a regulatory filing on Tuesday.

** UIL HOLDINGS CORP, Tuesday close $47

Spanish power group Iberdrola will set out a newproposal for its $3 billion takeover of U.S. firm UIL Holdings,the two companies said on Tuesday, as they seek to addressobjections raised by a Connecticut antitrust watchdog.

** PVH CORP, Tuesday close $115.74

** MACY'S INC, Tuesday close $68.02

PVH said it would wind down the production of Donald Trump'smenswear after exclusive retail partner Macy's decided to stopselling his products in protest against racist remarks made bythe real estate tycoon.

** FACEBOOK INC, Tuesday close $87.22, -1.09 pctpremarket

The company announced plans on Tuesday to build a new datacenter in Fort Worth, Texas, its fourth in the United States andfifth overall.

** BB&T CORP, Tuesday close $40.34

** SUSQUEHANNA BANCSHARES INC, Tuesday close $14.21

The Federal Reserve Board approved BB&T's $2.5 billionacquisition of Susquehanna Bancshares, signaling a softeningstance on finance M&A.

** BARCLAYS PLC, Tuesday close $16, +0.06 pctpremarket

The British bank has ousted Chief Executive AntonyJenkins after three years in the post, saying on Wednesday ithad decided new blood would help accelerate strategic change andboost shareholder returns.

** CVS HEALTH CORP, Tuesday close $106.38, -1.30 pctpremarket

The No. 2 U.S. drugstore chain said it was withdrawing itsmembership from the U.S. Chamber of Commerce after media reportsthat the trade group was lobbying globally against anti-smokinglaws.

** FIAT CHRYSLER AUTOMOBILES NV, Tuesday close$14.12, -3.12 pct premarket

** CNH INDUSTRIAL NV, Tuesday close $8.96

Carmaker Fiat and tractor manufacturer CNHIndustrial signed a four-year labor deal for workersin Italy on Tuesday, in a sign of improving relations withunions.

(Compiled by Anet Josline Pinto in Bengaluru; Editing by SimonJennings)

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