RISERS:
Fossil Group (NASDAQ:FOSL) up over 27% to US$43.85 after posting fourth quarter earnings, which came out after hours, and smashed expectations.
Garmin (NASDAQ:GRMN) up 14% at US$40.21 after the GPS device and wearable fitness product maker beat estimates posting fourth quarter earnings.
Kinder Morgan (NYSE:KMI) up 11% at US$17.34 after news late Tuesday that Warren Buffett's Berkshire Hathaway owns 26.5mln shares as the savvy investor showed faith in the oil industry besieged by crude prices at around 12-year lows.
Concho Resources (NYSE:CXO) up 8.8% at US$95.89 after news it will join the S&P 500, replacing Plum Creek Timber (NYSE:PCL). The energy exploration company join S&P500 after Friday's close, when Plum Creek's acquisition by Weyerhaeuser is due to complete. Plum Creek's shares were up 2% at US$38.75.
FALLERS:
Cerner (NASDAQ:CERN) down 5.6% at US$52.34 after giving an earnings forecast for the current quarter that was short of estimates, following weaker-than-expected fourth quarter bookings.
Devon Energy (NYSE:DVN) down 7% at US$19.79 after second quarter revenue missed by a substantial margin. The oil producer also slashed its quarterly dividend by three-quarters to 6 cents per share, and cut exploration spending by 75%. Downbeat oil prices also mean 20% of staff are being laid off.
Bloomin' Brands (NASDAQ:BLMN) down 5.3% at US$15.9935 after fourth quarter 2015 revenues delivered below forecast.