The Pre-Market Look: Stocks In The News Before The Open

Exxon Mobile (XOM) was downgraded to ‘Sell’ from ‘Neutral’ at UBS with a price target of $77.

Netflx (NFLX) jumped over 7% in pre-market trading after it reported 1.93 million net streaming adds, higher than consensus of 1.45 million, and said it added 5.12 million new customers in international markets, above consensus of 3.78 million.

Under Armour (UA) was rated a new ‘Buy’ at CLSA with a price target of $37.

CSX Corp. (CSX) rallied 8% in after-hours trading after the WSJ reported that outgoing CEO Hunter Harrison and activist investor Paul Hilal are finalizing a partnership and are set to target CSX.

Kinder Morgan (KMI) fell over 2% in after-hours trading after it reported Q4 revenue of $3.39 billion, below consensus of $3.53 billion.

Mondelex International (MDLZ) rose nearly 3% in after-hours trading after Bega Cheese agreed to buy Mondelez’s Australian grocery business for A$460 million.

Canadian Pacific Railway (CP) lost 1% in after-hours trading after the company accelerated the retirement of CEO Hunter Harrison by about 6 months after he inquired about the possibility of working with other major freight railroads.

Rent-A-Center (RCII) tumbled over 12% in after-hours trading after it said preliminary Q4 core comparable sales tumbled 14% and that it will have a Q4 loss per share of -20 cents to -30 cents, much weaker than consensus for EPS of 10 cents.

Zynerba Pharmaceuticals (ZYNE) declined nearly 7% in after-hours trading after it announced a proposed public offering of common stock.

Oclaro (OCLR) jumped nearly 8% in after-hours trading after it reported preliminary Q2 revenue of $153.5 million-$154 million, better than consensus of $150.5 million.

PTC Inc. (PTC) rose over 1% in after-hours trading after it reported Q1 adjusted revenue of $287.2 million, above consensus of $285.6 million.

Heron Therapeutics (HRTX) dropped over 3% in after-hours trading after it proposed a $150 million public offering of common stock.

La Quinta Holdings (LQ) gained almost 2% in after-hours trading after it said it will pursue plans to separate into two stand-alone publicly traded companies which could involve a spinoff of its real estate assets.

Plexus (PLXS) slid over 2% in after-hours trading after it said it sees Q2 revenue of $620 million-$650 million, below consensus of $658.7 million.

EP Energy (EPE) dropped nearly 4% in after-hours trading after it was downgraded to ‘Sell’ from ‘Neutral’ at UBS.

Source: FoxBusiness, Barchart, Bloomberg, Reuters