Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksREX.L Share News (REX)

  • There is currently no data for REX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BUZZ-U.S. STOCKS ON THE MOVE-Wal-Mart, Priceline, Ocera Therapeutics, Netlist

Thu, 19th Feb 2015 14:08

(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 futures pointed to a flat open on Wall StreetThursday, with major indexes near record levels, as investorscontinued to digest ongoing uncertainty over Greece.

Dow Jones industrial average futures were down 0.26percent at 17,946, S&P 500 futures were down 0.29 percentat 2,089.5 and Nasdaq 100 futures were up 0.01 percent at4,386.25.

** WAL-MART STORES INC, Wednesday close $86.29, -1.49pct premarket

The world's largest retailer said it expected operatingincome to be "pressured" in fiscal 2016 due to investments ine-commerce initiatives and higher wages for some of its U.S.employee. The company forecast full-year profit that fell shortof analysts' average estimate. (http://1.usa.gov/17Z6TdH)

** PRICELINE GROUP INC, Wednesday close$1,122.99, +8.91 pct premarket

The online travel agency reported a fourth-quarter profitand revenue that beat analysts estimates as gross travelbookings rose 16.64 percent, helped by strong hotel and rentalcar bookings in international markets

The company's board also authorized a shares buyback worthup to $3 billion.

Priceline said it does not view consolidation by competitorsin the travel services industry as a negative and has nointention to buy another bookings site, following Expedia Inc's tentative purchase of Orbitz Worldwide Inc.

* OCERA THERAPEUTICS INC, Wednesday close$6.19, -16.32 pct premarket

The drug developer said its experimental drug OCR-002 failedmain goal of reducing ammonia level in patients with livercirrhosis-associated upper gastrointestinal bleeding in amid-stage trial.

** CASTLIGHT HEALTH INC, Wednesday close$9.46, -12.26 pct premarket

The healthcare information provider forecast first quarterand full year 2015 revenue below analysts' estimates.

Canaccord Genuity said, "When you are highly valued andprojected to lose over 60% in FCF for every dollar of revenue,you cannot have equivocal results and expect a stock tooutperform." The brokerage downgraded the stock to "hold" from"buy".

** NETLIST INC, Wednesday close $1.56, -14.10 pctpremarket

A 7.7 million stock offering by the maker of memory productsfor cloud computing and storage markets was priced at $1.30apiece. The company also said Craig-Hallum Capital Group Llcwould purchase 7.7 million shares at $1.209 per share.

Netlist also forecast fourth quarter revenue of about $2.5million and a loss of $5-$6.0 million. Two analysts on averageexpect revenue of $5.5 million, according to Thomson ReutersI/B/E/S.

** EXELIXIS INC, Wednesday close $2.73, +7.33 pctpremarket

The drugmaker said U.S. FDA grants priority review tomarketing application of its cancer compound combination totreat a kind of skin cancer. The company said it is eligible forroyalties on sales of drug in the United States.

** BJ'S RESTAURANTS INC, Wednesday close$46.88, +13.40 pct premarket

The casual dining restaurant operator reported Q4 profit andrevenue above analysts' estimates, as sales improved on new menuofferings, higher traffic and lower costs.

Stifel said, "We remain pleased with management'simplementation of several key initiatives and continue to expectmore cost-cutting and margin-enhancing leveraging opportunities,especially given improving tailwinds from the Stifel-declared"Rising Tide" dining-out recovery."

The brokerage was one among five to raise their price targeton the stock.

** EXXON MOBIL CORP, Wednesday close $91.01, -1.47pct premarket

** DIAMOND OFFSHORE DRILLING, Wednesday close$34.06, -3.11 pct premarket

** TRANSOCEAN LTD, Wednesday close $17.76, -2.08 pctpremarket

** DENBURY RESOURCES INC, Wednesday close$8.63, -1.97 pct premarket

** OCCIDENTAL PETROLEUM, Wednesday close$81.37, -2.68 pct premarket

** ANADARKO PETROLEUM, Wednesday close $86.87, -2.75pct premarket

** CONOCOPHILLIPS, Wednesday close $67.73, -2.48 pctpremarket

** ENSCO PLC, Wednesday close $30.06, -2.00 pctpremarket

** CHESAPEAKE ENERGY CORP, Wednesday close$20.75, -2.55 pct premarket

** NABORS INDUSTRIES LTD, Wednesday close$13.67, -3.51 pct premarket

** HALLIBURTON CO, Wednesday close $44.39, -2.70 pctpremarket

** CHEVRON CORP, Wednesday close $110.44, -1.71 pctpremarket

** DEVON ENERGY CORP, Wednesday close $63.95, -2.42pct premarket

The stocks of S&P components related to the oil and gassector were off as oil prices tumbled after another big weeklybuild in U.S. crude inventories and a possible rise in Saudioutput stoked worries about oversupply. At the same time,production from the world's biggest exporter Saudi Arabia may beincreasing to near 10 million barrels per day, consultancy PIRAsaid on Wednesday.

** EOG RESOURCES INC, Wednesday close $95.31, -6.79pct premarket

The oil and natural gas producer posted a quarterly profitfar below Wall Street's expectations on Wednesday and slashedits 2015 budget, marking the latest energy giant to fall victimto plunging crude CLc1 prices.

** COEUR MINING INC, Wednesday close $6.93, -5.34pct premarket

The gold and silver miner posted an 18 percent fall infourth-quarter revenue, hurt by lower metal prices and adecreased gold sales. The company expects 2015 silver productionof 14.8 - 16.0 million ounces down from 2014 production of 17.2million ounces.

** T-MOBILE US INC, Wednesday close $31, +3.87 pctpremarket

The No. 4 U.S. wireless operator's quarterly profit andrevenue handily beat market estimates as aggressive discountshelped the company add more than 2 million subscribers.

** SOLARCITY CORP, Wednesday close $57.1, -3.85 pctpremarket

The solar company's current-quarter sales forecast missesanalysts' estimate, hurt by strong winter. The company reportedfourth-quarter loss, compared with year-ago profit, hurt byincreased expenses and low deployments.

** SUNEDISON INC, Wednesday close $22.02, -2.82 pctpremarket

The U.S. solar company's fourth-quarter adjusted operatingloss increases mainly due to projects being retained rather thansold, non-cash asset impairment charges and operating costsrelated to growth initiatives.

** BALL CORP, Wednesday close $77.16, -1.17 pctpremarket

** REXAM PLC, Wednesday close $42.975, +1.22 pctpremarket

British drinks can maker Rexam said U.S. rival BallCorp offered to buy the company in a cash-and-stock deal valuedat about $6.85 billion), creating an industry giant betterequipped to withstand rising aluminum costs.

Breakingviews-Drinks can merger may yet get flattened

** DIRECTV, Wednesday close $87.34, +0.53 pctpremarket The No.1 U.S. satellite TV company reported a quarterly profitabove analysts' estimates as it added more subscribers thanexpected, helped by its exclusive Sunday NFL broadcasts.

** APPLE INC, Wednesday close $128.715, -0.17 pctpremarket

Electric-car battery maker A123 Systems has sued Apple forpoaching top engineers to build a large-scale battery division,according to a court filing that offered further evidence thatthe iPhone maker may be developing a car.

** GOOGLE INC, Wednesday close $542.65, -0.27 pctpremarket

Google's YouTube is set to launch its long-awaited paidmonthly subscription service called YouTube Music Key in a fewmonths, said Robert Kyncl, the online video service's head ofcontent and business operations, at the Code/Media conference.

(Compiled by Neha Dimri in Bengaluru; Editing by Savio D'Souza)

More News
13 Nov 2014 11:19

Charles Stanley cuts profit forecasts for Rexam on cautious outlook

Beverage can maker Rexam said it traded in line with expectations in the third quarter, but a gloomy outlook for 2015 has prompted broker Charles Stanley to cut forecasts and repeat its 'hold' recommendation. Rexam is reviewing its cost base in light of an expected challenging environment in 2015, w

Read more
13 Nov 2014 11:11

BUZZ-Rexam: sees rising aluminum, energy costs hurting 2015 earnings

** Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, slumped as much as 8.4 pct after the company said aluminum premium, Brazilian costs would increase in 2015. ** Stock is top loser on the FTSE-250 Midcap Index, with the shares tanking to their lowest in 16 mon

Read more
13 Nov 2014 11:10

UPDATE 2-Rexam may raise prices as aluminium premium, Brazilian energy cost weigh

* Aluminium premium rises to $500/t vs $300/t in early 2014 * Rise in aluminium premium to increase costs by 30 mln stg next year * Brazilian energy costs to rise by 15 million pounds next year * Can volumes to slightly decline in North America, Europe (Adds CEO comment, detai

Read more
13 Nov 2014 10:57

MARKET COMMENT: FTSE 100 Rises, Lifted By SABMiller, LSE And Wolseley

Read more
13 Nov 2014 09:00

Rexam canned after costs fizz higher

A challenging market and exposure to fizzing metals prices has led drinks can maker Rexam to warn that increasing costs will put a significant dent in next year's profits. Although overall global beverage can volumes were up 4% since 1 July and overall performance for the period remained in line wit

Read more
13 Nov 2014 08:41

UK MORNING BRIEFING: Shares Gain At Open, Led By 3i And Wolseley

Read more
13 Nov 2014 07:36

Rexam Can Volumes Up, But Looking At Costs As Outlook Looks Bumpy

Read more
13 Nov 2014 07:32

Rexam says margins on U.S. specialty cans to reduce next year

Nov 13 (Reuters) - Rexam Plc, the world's second-largest beverage can maker by revenue, said margins on certain U.S. specialty cans would reduce next year as aluminium premiums have surged higher. Aluminium premiums, or the cost to get metal out of storage, have soared to all-time highs in

Read more
13 Nov 2014 06:14

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
12 Nov 2014 17:10

REPEAT: MARKET COMMENT: Stocks Hit By Renewed Economic, Ukraine Fears

Read more
12 Nov 2014 17:08

MARKET COMMENT: Stocks Hit By Renewed Economic, Ukraine Fears

Read more
12 Nov 2014 16:04

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
12 Nov 2014 06:22

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
11 Nov 2014 16:20

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
11 Nov 2014 06:10

UK Earnings, Trading Statements Calendar - Week Ahead

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.