NASDAQ news

Mid-Day Market Update: Crude Oil Do...

Mid-Day Market Update: Crude Oil Down Over 1%; Allakos Shares Spike Higher

Midway through trading Monday, the Dow traded down 2.07% to 25937.99 while the NASDAQ fell 2.76% to 7,783.48. The S&P also fell, dropping 2.08% to 2,871.19.

Leading and Lagging Sectors

Utilities shares slipped by just 0.1% on Monday. Meanwhile, top gainers in the sector included WEC Energy Group, Inc. (NYSE: WEC), up 2%, and Portland General Electric Company (NYSE: POR), up 1.5%.

In trading on Monday, information technology shares fell 2.9%.

Top Headline

Tyson Foods, Inc. (NYSE: TSN) reported better-than-expected earnings for its third quarter, while sales missed estimates.

Tyson reported second-quarter earnings of $1.47 per share, which beat the analyst consensus estimate of $1.45 per share. The company posted quarterly sales of $10.885 billion, versus analysts? estimates of $11.08 billion. Tyson Foods reaffirmed FY2019 EPS guidance of $5.75 to 6.10 per share.

Equities Trading UP

Allakos Inc. (NASDAQ: ALLK) shares shot up 112% to $65.60 after the company's AK002 met all primary and secondary endpoints in its Phase 2 study. The company also reported better-than-expected Q2 EPS results.

Shares of Boise Cascade Company (NYSE: BCC) got a boost, shooting up 9% to $29.67 after the company posted upbeat Q2 earnings.

Tyson Foods, Inc. (NYSE: TSN) shares were also up, gaining 8% to $86.41 after reporting better-than-expected earnings for its third quarter.

Equities Trading DOWN

GlycoMimetics, Inc. (NASDAQ: GLYC) shares tumbled 62% to $3.5050 after the company announced Pfizer's Phase 3 clinical trial evaluating Rivipansel in Sickle Cell did not meet its Primary or key Secondary endpoints.

Shares of Cars.com Inc. (NYSE: CARS) were down 34% to $11.87 after the company said it concluded a strategic review process and received no bids for the company. The company also reported worse-than-expected Q2 results and cut FY19 guidance.

Genie Energy Ltd. (NYSE: GNE) was down, falling 26% to $7.88 following Q2 results. Genie Energy posted Q2 loss of $0.29 per share on sales of $61.009 million.

 

Commodities

In commodity news, oil traded down 1.1% to $55.06, while gold traded up 0.8% to $1,468.50.

Silver traded up 0.2% Monday to $16.305, while copper fell 0.9% to $2.549.

Euro zone

European shares were lower today. The eurozone?s STOXX 600 fell 2.22%, the Spanish Ibex Index fell 1.25%, while Italy?s FTSE MIB Index dropped 1.32%. Meanwhile, the German DAX dropped 1.62%, and the French CAC 40 fell 2.04% while UK shares fell 2.38%.

Economics

US final services PMI increased to 53 in July, versus a flash reading of 52.2.

The ISM's non-manufacturing index fell to 53.7 in July, compared to a reading of 55.1 in June. However, economists projected a reading of 55.5.

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Mid-Morning Market Update: Markets ...

Mid-Morning Market Update: Markets Open Higher; MSC Industrial Misses Q3 Expectations

Following the market opening Wednesday, the Dow traded up 0.56% to 26932.84 while the NASDAQ rose 0.85% to 8,211.08. The S&P also rose, gaining 0.59% to 2,997.17.

Leading and Lagging Sectors

Energy shares rose 1.6% on Wednesday. Meanwhile, top gainers in the sector included McDermott International, Inc. (NYSE: MDR), up 14%, and Gran Tierra Energy Inc. (NYSE: GTE), up 7%.

In trading on Wednesday, real estate shares fell 0.1%.

Top Headline

MSC Industrial Direct Co Inc (NYSE: MSM) reported weaker-than-expected results for its third quarter and issued weak Q4 forecast.

The company reported third-quarter earnings of $1.44 per share, which missed the analyst consensus estimate of $1.5. The company reported sales of $866.5 million, which missed the analyst consensus estimate of $882 million.

MSC Industrial expects Q4 earnings of $1.21 to $1.27 per share, versus analysts? estimates of $1.48 per share. The company projects sales of $835 million to $851 million.

Equities Trading UP

Valeritas Holdings, Inc. (NASDAQ: VLRX) shares shot up 35% to $3.98 r after the company on Tuesday afternoon announced its V-Go wearable insulin device has been adopted on multiple managed care formularies.

Shares of VirTra, Inc. (NASDAQ: VTSI) got a boost, shooting up 23% to $2.96 after receiving follow-on order from the US Department of Homeland Security for Customs and Border Protection.

Vislink Technologies, Inc. (NASDAQ: VISL) shares were also up, gaining 337% to $7.25 after the company won a $2.8 million US army contract for handheld intelligence, surveillance, and reconnaissance receiver devices.

Equities Trading DOWN

Amneal Pharmaceuticals, Inc. (NYSE: AMRX) shares tumbled 29% to $4.8202 after the company cut its FY19 adj. EBITDA guidance along with its restructuring plan.

Shares of Camber Energy, Inc. (NYSE: CEI) were down 32% to $5.05 after surging 268.47% on Tuesday.

Levi Strauss & Co. (NYSE: LEVI) was down, falling 11% to $20.97 after the company reported worse-than-expected Q2 EPS results.

Commodities

In commodity news, oil traded up 3% to $59.54, while gold traded up 0.8% to $1,411.70.

Silver traded up 0.9% Wednesday to $15.275, while copper rose 1.9% to $2.6745.

Euro zone

European shares were higher today. The eurozone?s STOXX 600 rose 0.3%, the Spanish Ibex Index rose 0.1%, while Italy?s FTSE MIB Index gained 1.2%. Meanwhile, the German DAX gained 0.1%, and the French CAC 40 rose 0.5% while UK shares rose 0.1%.

Economics

U.S. wholesale inventories rose 0.4% for May, versus economists? expectations for a 0.4% increase.

The Energy Information Administration?s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.

The Treasury is set to auction 10-year notes at 1:00 p.m. ET.

St. Louis Federal Reserve Bank President James Bullard is set to speak in Saint Louis, Missouri at 1:30 p.m. ET.

The Federal Open Market Committee will issue minutes of its meeting at 2:00 p.m. ET.

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Mid-Day Market Update: Acacia Commu...

Mid-Day Market Update: Acacia Communications Surges Following Acquisition News; AquaVenture Shares Slide

Midway through trading Tuesday, the Dow traded down 0.34% to 26714.37 while the NASDAQ rose 0.33% to 8,125.10. The S&P also fell, dropping 0.06% to 2,974.17.

Leading and Lagging Sectors

Consumer discretionary shares rose 0.2% on Tuesday. Meanwhile, top gainers in the sector included NIO Inc. (NYSE: NIO), up 10%, and Overstock.com, Inc. (NASDAQ: OSTK), up 8%.

In trading on Tuesday, materials shares fell 1.1%.

Top Headline

PepsiCo, Inc. (NASDAQ: PEP) reported better-than-expected results for its second quarter.

The company reported second-quarter earnings of $1.54 per share, which beat the analyst consensus estimate of $1.50. The company reported sales of $16.45 billion, which beat the analyst consensus estimate of $16.42 billion.

Equities Trading UP

Acacia Communications, Inc. (NASDAQ: ACIA) shares shot up 35% to $64.93 after Cisco Systems, Inc. (NASDAQ: CSCO) announced plans to acquire the company for $70 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities.

Shares of Camber Energy (NYSE: CEI) got a boost, shooting up 85% to $3.75 after falling 30.95% on Monday.

Electrameccanica Vehicles Corp. (NASDAQ: SOLO) shares were also up, gaining 29% to $2.9950 after Roth Capital initiated coverage on the company's stock with a Buy rating.

Equities Trading DOWN

FuelCell Energy, Inc. (NASDAQ: FCEL) shares tumbled 7% to $0.6944 on seemingly no news. The movement could potentially be a sell-off following a rise of over 300% last week.

Shares of AquaVenture Holdings Limited (NYSE: WAAS) were down 10% to $17.00 after the company reported a 4.1 million share common stock offering.

CannTrust Holdings Inc. (NYSE: CTST) was down, falling 6% to $3.59. Roth Capital downgraded CannTrust from Buy to Neutral.

Commodities

In commodity news, oil traded up 0.3% to $57.84, while gold traded down 0.1% to $1,398.60.

Silver traded up 0.4% Tuesday to $15.11, while copper fell 1.3% to $2.624.

Euro zone

European shares were lower today. The eurozone?s STOXX 600 fell 0.51%, the Spanish Ibex Index fell 0.12%, while Italy?s FTSE MIB Index dropped 0.41%. Meanwhile, the German DAX declined 0.85%, and the French CAC 40 fell 0.31% while UK shares fell 0.17%.

Economics

The NFIB small business optimism index fell to 103.3 in June, versus a reading of 105.0 in May.

The Johnson Redbook Retail Sales Index fell 2.2% during the first four weeks of June versus May.

U.S. job openings slipped to 7.32 million in May from 7.37 million, according to the Labor Department's JOLTS report.

The Treasury is set to auction 3-year notes at 1:00 p.m. ET.

Federal Reserve Board of Governors Vice Chairman for Supervision Randal Quarles will speak in Boston, MA at 2:00 p.m. ET.

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Mid-Day Market Update: Dow Rises Ov...

Mid-Day Market Update: Dow Rises Over 150 Points; OMNOVA Solutions Shares Spike Higher

Toward the end of trading Wednesday, the Dow traded up 0.58% to 26941.41 while the NASDAQ rose 0.63% to 8160.13. The S&P also rose, gaining 0.65% to 2,992.36.

Leading and Lagging Sectors

Real estate shares rose 1.3% on Wednesday. Meanwhile, top gainers in the sector included Griffin Industrial Realty, Inc. (NASDAQ: GRIF), up 8%, and Innovative Industrial Properties, Inc. (NYSE: IIPR), up 6%.

In trading on Wednesday, materials shares rose by just 0.2%.

Top Headline

International Speedway Corp (NASDAQ: ISCA) reported downbeat results for its second quarter.

International Speedway reported earnings of 36 cents per share, which missed the analyst consensus estimate of 39 cents. The company reported quarterly sales of $168.084 million, which missed the analyst consensus estimate of $178.99 million. International Speedway reaffirmed its FY20 guidance.

Equities Trading UP

OMNOVA Solutions Inc. (NYSE: OMN) shares shot up 55% to $9.93 after Synthomer Plc announced plans to buy OMNOVA for an enterprise value of $824 million. Omnova?s profit for the second quarter dropped over 33% to $5.6 million. Net sales slipped to $205.7 million for the quarter, from $206.3 million in the year-ago quarter.

Shares of Karyopharm Therapeutics Inc. (NASDAQ: KPTI) got a boost, shooting up 36% to $8.90.

Symantec Corporation (NASDAQ: SYMC) shares were also up, gaining 14% to $25.10 after a report that Broadcom Inc. (NASDAQ: AVGO) would acquire the company.

Equities Trading DOWN

USANA Health Sciences, Inc. (NYSE: USNA) shares tumbled 18% to $62.68 after the company cut its FY2019 EPS and sales guidance below analyst estimates. The company also sees second-quarter EPS and sales guidance below analyst estimates.

Shares of Camber Energy, Inc. (NYSE: CEI) were down 24% to $0.1204 after the company reported the approval of 1-for-25 reverse stock split..

HF Foods Group Inc. . (NASDAQ: HFFG) was down, falling 18% to $19.83.

Commodities

In commodity news, oil traded up 0.6% to $56.56, while gold traded up 0.8% to $1,419.50.

Silver traded up 0.6% Wednesday to $15.335, while copper rose 0.5% to $2.6785.

Euro zone

European shares were higher today. The eurozone?s STOXX 600 rose 0.85%, the Spanish Ibex Index rose 1.22%, while Italy?s FTSE MIB Index gained 2.4%. Meanwhile, the German DAX gained 0.71%, and the French CAC 40 rose 0.75% while UK shares rose 0.66%.

Economics

U.S. private employers added 102,000 jobs for June, ADP reported Wednesday, versus a revised 41,000 in May. However, economists were expecting a gain of 140,000 new jobs.

Initial jobless claims fell 8,000 to 221,000 for the latest week. However, economists were expecting a reading of 220,000.

U.S. trade deficit increased 8.4% to $55.5 billion in May. U.S. exports rose 2% to $210.6 billion, while imports increased 3.3% to $266.2 billion in May.

The IHS Markit US Services PMI rose to 51.5 in June, compared to a preliminary estimate of 50.7.

U.S. factory orders fell 0.7% for May, versus economists? expectations for a 0.5% decline.

The ISM's non-manufacturing index fell to 55.1 in June, versus a reading of 56.9 in May. However, economists were expecting a reading of 55.9.

U.S. crude supplies fell 1.1 million barrels for the week ended June 28, the Energy Information Administration reported. However, analysts expected a drop of 3.7 million barrels.

Domestic supplies of natural gas increased 89 billion cubic feet for the week ended June 28, the U.S. Energy Information Administration reported.

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CAC 40 Up 33 Points Despite Virus W...

CAC 40 Up 33 Points Despite Virus Worries

(RTTNews) - French stocks advanced on Wednesday even as worries persisted about the rapidly spreading Coronavirus.
Lyn Alden's Positioning For 2020: A...

Lyn Alden's Positioning For 2020: A Diversified Global Focus

By Lyn Alden Schwartzer:

NASDAQ

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ETA2020-02 - U.S. Market Holiday Reminder: Martin Luther King, Jr. Day

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TSLA

Tesla Announces Date for Fourth Qua...

Tesla Announces Date for Fourth Quarter and Full Year 2019 Financial Results and Webcast

PALO ALTO, Calif. , Jan. 17, 2020 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the fourth quarter and full year ended December 31, 2019 after market close on Wednesday, January 29, 2020 . At that time, Tesla will issue a brief advisory containing a link to the Q4 and full year 2019
Tesla Q4 2019 Vehicle Production & ...

Tesla Q4 2019 Vehicle Production & Deliveries

PALO ALTO, Calif. , Jan. 03, 2020 (GLOBE NEWSWIRE) -- In the fourth quarter, we achieved record production of almost 105,000 vehicles and record deliveries of approximately 112,000 vehicles. In 2019, we delivered approximately 367,500 vehicles, 50% more than the previous year and in line with our
Tesla Releases Third Quarter 2019 F...

Tesla Releases Third Quarter 2019 Financial Results

PALO ALTO, Calif. , Oct. 23, 2019 (GLOBE NEWSWIRE) -- Tesla has released its financial results for the third quarter of 2019 by posting the Q3 update on its Investor Relations website. Please visit  http://ir.tesla.com  to view the update. As previously announced, Tesla management will host a live
Tesla Announces Date for Third Quar...

Tesla Announces Date for Third Quarter 2019 Financial Results and Webcast

PALO ALTO, Calif. , Oct. 09, 2019 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the third quarter of 2019 after market close on Wednesday, October 23, 2019 . At that time, Tesla will issue a brief advisory containing a link to the Q3 2019 Update Letter, which will be available on
Tesla Q3 2019 Vehicle Production & ...

Tesla Q3 2019 Vehicle Production & Deliveries

PALO ALTO, Calif. , Oct. 02, 2019 (GLOBE NEWSWIRE) -- In the third quarter, we achieved record production of 96,155 vehicles and record deliveries of approximately 97,000 vehicles.           Production   Deliveries   Subject to lease accounting       Model S/X   16,318   17,400   15   %       Model
Tesla Releases Second Quarter 2019 ...

Tesla Releases Second Quarter 2019 Financial Results

PALO ALTO, Calif. , July 24, 2019 (GLOBE NEWSWIRE) -- Tesla has released its financial results for the second quarter of 2019 by posting the current Update Letter on its Investor Relations website. Please visit  http://ir.tesla.com  to view the letter.
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