U.S. Equity Market Preview (BJ, BBI, CEPH, DHR, MYGN)

Shares of the following companies may see some unusual movements in trading on Tuesday, according to Bloomberg.

BJ’s Wholesale Club, Inc. (NYSE: BJ), a warehouse club operator in the Eastern United States, has increased the size of its share buyback program by $200 million. Shares of BJ’s Wholesale Club closed 0.14% higher at $36.67 on Monday.

Blockbuster Inc. (NYSE: BBI), the operator of entertainment-related stores, was down 4.66% to $0.268 in after-hours trading on Monday.

Cephalon, Inc. (NASDAQ: CEPH), an international biopharmaceutical company, did not get an approval to sell Nuvigil, a prescription drug. Shares of Cephalon were down 5.33% to $68.75 in after-hours trading on Monday.

Danaher Corporation (NYSE: DHR), the designer, manufacturer and marketer of professional, medical, industrial, commercial and consumer products, raised its first-quarter profit forecast to $0.90 per share. Shares of the company were up 3.92% to $80.40 in after-hours trading on Monday.

Myriad Genetics, Inc. (NASDAQ: MYGN), which focuses on the development and marketing of molecular diagnostic products, lost a court ruling over patents related to detecting inherited breast cancer. The decision by the U.S. court could result in other challenges for gene-related products. Shares of Myriad Genetics, Inc. were down 8.71% to $22.73 in after-hours trading on Monday.

Oxford Industries, Inc. (NYSE: OXM), an international apparel design, sourcing and marketing company, expects full-year EPS of $1.50. Shares of Oxford Industries, Inc. were down 14.71% to $20.05 in after-hours trading on Monday.

Sanderson Farms, Inc. (NASDAQ: SAFM) is planning to raise money by selling 2 million shares. The proceeds from the sale will be used to construct new poultry plants in North Carolina. Shares of the company were down 1.14% to $55.50 in after-hours trading on Monday.