Bloomberg
Abercrombie & Fitch Co., Monsanto Co., Cameron International Corp. and Apple Inc. are among stocks making notable moves on Wednesday with the S&P 500 poised to snap a six-session losing streak.
Gainers
Abercrombie & Fitch ANF, -2.28% reported a narrower-than-expected loss and better-than-expected revenue. The clothing company said efforts to reposition its Hollister brand have been fruitful.
Monsanto MON, +0.06% gained after it decided to drop its $46 billion bid for rival Syngenta AG, which had faced strong resistance.
Express Inc. EXPR, -4.03% soared after the clothing retailer reported better-than-expected fiscal second-quarter results and drew a quick buy recommendation from an analyst.
Decliners
Schlumberger Ltd. SLB, -1.49% dropped in the wake of a deal to buy Cameron International US:CAM for about $12.74 billion in cash and stock. Shares of Cameron jumped 41%.
Transocean Ltd. RIG, +0.57% dropped after the company said late Tuesday that it is seeking to cancel upcoming dividend payments.
Freeport-McMoRan Inc. FCX, -0.59% a gold and copper mining company, is among the biggest S&P 500 losers in the wake of a retreat in both gold and copper prices.
Tickers to Watch
Apple AAPL, +0.49% extended gains for a second day, continuing its recovery from a five-session decline. Shares of the iPhone maker had come under pressure on worries about how the economic slowdown in China will affect demand for Apple products.
Nike Inc. NKE, -1.09% gained after the athletic-apparel company was upgraded by Susquehanna Financial Group to positive from neutral.
Guess Inc. GES, -2.87% is forecast to post second-quarter earnings of 15 cents a share, down from 26 cents a share a year ago, when it announces quarterly results after market’s close on Wednesday.
Williams-Sonoma Inc. WSM, -1.01% is expected to report second-quarter earnings of 58 cents a share, up from 53 cents a share a year ago.
Workday Inc. WDAY, -0.30% is likely to post a second-quarter loss of 6 cents a share, narrower than the loss of 11 cents a share a year ago.
