Morning Movers: Viacom Tumbles on Earnings; United Therapeutics Soars

Stocks were headed for a slightly lower open this morning before the release of the July payrolls report.

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SP 500 futures have risen 0.1%, while Dow Jones Industrial Average futures have gained 0.3%. Nasdaq Composite futures have advanced 0.1%.

Automatic Data Processing (ADP) has gained 2.9% to $114.99 after Bill Ackman’s Pershing Square took an 8% stake in the company.

Cigna (CI) has risen 2.2% to $180 after its earnings and revenue topped analyst expectations.

Fluor (FLR) has plunged 11% to $39 after reporting a surprise loss and lowered its full-year guidance.

Himax Technologies (HIMX) has climbed 4.3% to $8.65 after getting upgraded to Outperform from Neutral at Baird.

Allscripts Healthcare Solutions (MDRX) has soared 13% to $13.15 after beating earnings and sales forecasts, and said it would buy a business from McKesson (MCK).

MercadoLibre (MELI) has plummeted 11% to $260.99 after its earnings fell short of the Street consensus.

Noble (NE) has dropped 4.1% to $4.00 after reporting a smaller-than-expected loss but falling short on revenue.

United Therapeutics (UTHR) has jumped 9.1% to $138.46 no reports Gilead Sciences (GILD) and GlaxoSmithKline (GSK) could be interested in buying the company. Gilead Sciences and GlaxoSmithKline is little changed.

Viacom (VIAB) has tumbled 9.1% to $31.87 after beating earnings forecasts but predicting weak affiliate sales.

Western Union (WU) has climbed 4.7% to $20.50 after its earnings topped the street consensus.

Yelp (YELP) has soared 20% to $37.69 after selling EAT24 to GrubHub (GRUB), announcing a $200 million stock buyback and beating earnings forecasts. GrubHub has dropped 2.6% to $47.00.


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