BUZZ-U.S. Stocks on the Move-Workday, Sinocoking, Revolution, Xcerra
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures pointed to a higher open on Tuesday, indicating major indexes would push even further into record territory, following a reading on economic growth that was much stronger than expected. Dow Jones industrial average e-mini futures were up 0.20 percent at 17,827, S&P 500 e-mini futures were up 0.17 percent at 2,071 and Nasdaq 100 e-mini futures were up 0.20 percent at 4,290.75.
** WORKDAY INC, Monday close $92.49, -8.64 pct premarket
The maker of cloud-based human resources software forecast fiscal year 2016 revenue below market estimates and Q4 revenue forecast indicates growth of roughly 66-67 percent for the year ending January, much slower than 71 percent growth in fiscal 2014.
At least 6 brokerages, including Goldman Sachs, cut price target on the stok by as much as $10 to as much as $90; Median price target on stock is $100.
** SINOCOKING COAL AND COKE CHEMICAL INDUSTRIES, Monday close $2.83, +27.21 pct premarket
The coal and coke processor says its aboveground plant for conversion of carbon dioxide into clean-burning syngas has achieved its initial production target of 25,000 cubic meters per hour. The company also said that gross revenue generated per day by facility is about $83,280, based on syngas price of $0.139 per cubic meter.