April 2016 Archives

Retreating crude oil prices weighed the markets down to a lower close with the Dow falling 57 points to 17,773. Nasdaq tumbled 29 points to 4,775. 


On the upside


HMS Holdings (Nasdaq: HMSY) entered settlement agreements with Public Consulting Group and other parties of the Trade Secret Litigation.


First quarter earnings surged for Monster Beverage (Nasdaq: MNST) to easily top estimates.


eHealth (Nasdaq: EHTH) reversed year ago losses to post a profit for the first quarter as revenue rose.

 

On the downside


Groupon (Nasdaq: GRPN) widened first quarter losses as revenue fell.


Cepheid (Nasdaq: CPHD) fell to a loss for the first quarter. 


Gaming and Leisure Properties (Nasdaq: GLPI) completed the acquisition of Pinnacle Entertainment's (Nasdaq: PNK) real estate assets.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 dropped 10 points to 2,065. Bitcoin climbed $6 to $451.

The markets extended its losses during the midday with the Dow plunging 144 points to 17,686 as crude oil prices slipped. Nasdaq plummeted 50 points to 4,754. 


On the upside


Select Comfort (Nasdaq: SCSS) reported better than expected earnings and revenue for the first quarter.


B&G Foods (NYSE: BGS) reported sharply higher first quarter earnings that surpassed analyst expectations by a wide margin and forecast full year earnings ahead of estimates.


First quarter earnings for SkyWest (Nasdaq: SKYW) nearly tripled to beat expectations by a wide margin.

 

On the downside


Molina Healthcare (NYSE: MOH) reported lower first quarter earnings that fell far short of expectations and forecast full year results below estimates.


Bottomline Technologies (Nasdaq: EPAY) reported a loss for the third quarter. 


Western Digital (Nasdaq: WDC) disappointed with sharply lower third quarter earnings and revenue.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 tumbled 18 points to 2,057. Bitcoin climbed $5 to $450.

The markets opened lower with the Dow tumbling 86 points to 17,743 as earnings news disappointed. Nasdaq fell 29 points to 4,776. 


On the upside


Shares of Paragon Shipping (Nasdaq: PRGN) continued to soar.


Genworth Financial (NYSE: GNW) reported better than expected earnings for the first quarter.


Amazon (Nasdaq: AMZN) swung to a greater than expected profit that surpassed estimates by a wide margin as revenue climbed.

 

On the downside


Seagate Technology (Nasdaq: STX) fell to a greater than expected loss for the third quarter as revenue dropped.


Golar (Nasdaq: GLNG) reassured investors that the framework agreement between Golar and Schlumberger (NYSE: SLB) will remain intact despite Schlumberger's withdrawal from the Fortuna/Ophir development. 


Stericycle (Nasdaq: SRCL) disappointed with lower first quarter earnings that fell short of expectations.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 9 to 7 on Nasdaq. The broader S&P 500 fell 5 points to 2,069. 

The markets plunged to close sharply lower with the Dow collapsing 210 points to 17,830 after the Bank of Japan failed to expand its economic stimulus measures. Nasdaq plummeted 57 points to 4,805. 


On the upside


Dehaier Medical Systems (Nasdaq: DHRM) received $20 million from Hangzhou Liaison Interactive Information Technology through a securities purchase agreement.


Shares of DryShips (Nasdaq: DRYS) extended its gains.


Fortress Biotech (Nasdaq: FBIO) will acquire National Holdings (Nasdaq: NHLD) for a premium of approximately $3.25 per share in cash.

 

On the downside


First quarter earnings and revenue for Proto Labs (NYSE: PRLB) fell short of expectations.


Invacare (NYSE: IVC) widened first quarter losses as revenue fell. 


Quorum Health (NYSE: QHC) will replace Stone Energy (NYSE: SGY) in the S&P SmallCap 600 after market close on Monday, May 2, 2016.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 tumbled 19 points to 2,075. Bitcoin slipped $1 to $445. 

An increase in first time applications for unemployment benefits sent the markets lower during the midday with the Dow dropping 64 points to 17,977. Nasdaq added 2 points to 4,865. 


On the upside


Cliffs Natural Resources (NYSE: CLF) swung to a better than expected profit for the first quarter.


TheStreet's Adam Feurstein suggested that Sarepta Therapeutics (Nasdaq: SRPT) could still win FDA approval for its Duchenne muscular dystrophy drug eteplirsen.


First quarter earnings for Facebook (Nasdaq: FB) nearly tripled to surpass analyst expectations as revenue soared.

 

On the downside


Ocwen Financial (NYSE: OCN) fell to a greater than expected loss for the first quarter as revenue tumbled.


LifeLock (NYSE: LOCK) widened losses for the first quarter and forecast current quarter earnings below estimates. 


IPG Photonics (Nasdaq: IPGP) disappointed with lower first quarter earnings that fell short of expectations and forecast second quarter results that missed estimates.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,094. Bitcoin slipped $1 to $445. 

The nation's economy expanded at a tepid 0.5% pace in the first quarter to weigh the markets down to a lower open with the Dow falling 54 points to 17,9827 Nasdaq rose 7 points to 4,870. 


On the upside


Abbott Laboratories (NYSE: ABT) will pay a premium of approximately $25 billion in cash and stock to acquire St. Jude Medical (NYSE: STJ).


Textura (NYSE: TXTR) will be acquired by Oracle (Nasdaq: ORCL) for a premium of $663 million in cash.


Comcast (Nasdaq: CMCSA) will acquire DreamWorks Animation (Nasdaq: DWA) for a premium of approximately $3.55 billion.

 

On the downside


GNC Holdings (NYSE: GNC) reported lower first quarter earnings that fell short of analyst expectations and forecast full year earnings below estimates.


Infinera (Nasdaq: INFN) reported lower first quarter earnings. 


First quarter revenue for Silicon Graphics International (Nasdaq: SGI) miss estimates prompting the company to lower its full year forecast.


In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped a point to 2,093. Bitcoin lost $3 to $443. 

The markets closed mixed with the Dow climbing 51 points to 18,041 while Nasdaq dropped 25 points to 4,863. Earnings continued to disappoint while crude oil prices rose to settle above $45 per barrel.


On the upside


Resonant (Nasdaq: RESN) signed its first licensing agreement with an existing tier one client.


Shares of Hercules Offshore (Nasdaq: HERO) rose as crude oil prices advanced.


DryShips (Nasdaq: DRYS) filed its annual report with the Securities and Exchange Commission.

 

On the downside


The potential for increased regulation of electronic payments in Russia weighed down shares of Qiwi (Nasdaq: QIWI).


Stifel Nicolaus analyst Jim Duffy downgraded Crocs (Nasdaq: CROX) from a Buy rating to a Hold rating. 


Blackhawk Network Holdings (Nasdaq: HAWK) fell to a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 3 points to 2,095. Bitcoin tumbled $11 to $450. 

Crude oil prices advanced to lift the Dow during the midday with the blue chip index gaining 30 points to 18,020. Nasdaq tumbled 41 points to 4,846.


On the upside


Barracuda Networks (NYSE: CUDA) swung to a better than expected profit for the fourth quarter as revenue climbed.


Boston Scientific (NYSE: BSX) reversed year ago losses to post a greater than expected profit for the first quarter and forecast full year results ahead of estimates.


Energy Transfer Equity (Nasdaq: ETE) will pay a quarterly cash distribution of $0.285 per common unit on May 19, 2016 to unitholders of record May 6, 2016.

 

On the downside


Robert Half International (NYSE: RHI) reported higher first quarter earnings and revenue but margins fell prompting a downgrade.


First quarter earnings and revenue rose for Buffalo Wild Wings (Nasdaq: BWLD) but the results fell short of expectations. 


The Food and Drug Administration will take more time to complete its review of the Biologics License Application for HEPLISAV-B that was submitted by Dynavax Technologies (Nasdaq: DVAX) prompting a downgrade.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The broader S&P 500 slipped a point to 2,090. Bitcoin tumbled $9 to $453. 

Disappointment with corporate earnings sent the markets down to a lower open with the Dow losing 27 points to 17,963. Nasdaq tumbled 48 points to 4,839.


On the upside


The Wall Street Journal reported that Comcast (Nasdaq: CMCSA) was exploring a possible bid for DreamWorks Animation (Nasdaq: DWA).


InvestmentResearchReport.com listed Ocean Rig (Nasdaq: ORIG) as one of five stocks that could double.


Amyris (Nasdaq: AMRS) signed a five year Biofene supply agreement with a global nutraceuticals company.

 

On the downside


First quarter revenue fell short for Twitter (NYSE: TWTR) and the company forecast second quarter revenue well below estimates.


H&R Block (NYSE: HRB) prepared fewer tax returns prompting the company to cut 250 jobs. 


Apple (Nasdaq: AAPL) disappointed with lower first quarter earnings and revenue as iPhone sales dropped.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 lost 3 points to 2,088. Bitcoin tumbled $11 to $449. 

It was a mixed close for the markets with the Dow rising 13 points to 17,990 as disappointing earnings tempered enthusiasm for rising crude oil prices. Nasdaq slipped 7 points to 4,888.


On the upside


American Midstream (NYSE: AMID) acquired interests in Gulf of Mexico midstream infrastructure and incremental ownership in Delta House for approximately $225 million.


Tenneco (NYSE: TEN) reported higher first quarter earnings and revenue that topped analyst estimates and lifted its full year revenue forecast.


InVivo Therapeutics (Nasdaq: NVIV) announced that the sixth-implanted patient in the INSPIRE study has improved from a complete AIS A spinal cord injury to an incomplete AIS B spinal cord injury.

 

On the downside


Amira Nature Foods (NYSE: ANFI) reported lower six month earnings and revenue.


Barnes Group (NYSE: B) reported lower first quarter earnings and revenue. 


First quarter earnings and revenue fell for Corning (NYSE: GLW).


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2,091. Bitcoin rose $2 to $464. 

Mixed markets as crude oil rises

|

The markets traded mixed during the midday with the Dow rising 16 points to 17,993 as crude oil prices advanced. Nasdaq eased a point to 4,894.


On the upside


Shares of Ocean Rig (Nasdaq: ORIG) extended its gains.


Rising crude oil prices lifted shares of Legacy Reserves (Nasdaq: LGCY).


Sanmina (Nasdaq: SANM) reported sharply higher first quarter earnings that beat analyst expectations.

 

On the downside


Active Power (Nasdaq: ACPW) widened first quarter losses as revenue tumbled.


Investors locked in profits on Macrocure (Nasdaq: MCUR). 


Nabors Industries (NYSE: NBR) fell to a loss for the first quarter as revenue plunged.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2,092. Bitcoin held steady at $461. 

The markets opened lower with the Dow slipping 12 points to 17,964 even as home prices rose. Nasdaq lost 5 points to 4,890.


On the upside


Shares of OncoGenex Pharmaceuticals (Nasdaq: OGXI) rose for the fourth day in a row.


Knowles (NYSE: KN) reported a smaller than expected loss for the first quarter as revenue rose.


The Container Store (NYSE: TCS) reported higher fourth quarter revenue that topped analyst estimates.

 

On the downside


A Food and Drug Administration advisory panel voted against approval for Sarepta Therapeutics' (Nasdaq: SRPT) Duchenne muscular dystrophy treatment eteplirsen.


The Food and Drug Administration requested that Catalyst Pharmaceuticals (Nasdaq: CPRX) submit positive data from an additional study of Firdapse in Lambert-Eaton myasthenia syndrome patients. 


First quarter earnings slipped for Capital Product Partners (Nasdaq: CPLP) and the company lowered its quarterly cash distribution.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 edged up a fraction to 2,088. Bitcoin added $1 to $462. 

The markets closed modestly lower with the Dow falling 26 points to 17,977 on disappointing new home sales. Nasdaq lost 10 points to 4,895.


On the upside


TheStreet listed Verastem (Nasdaq: VSTM) as one of eight breakout stocks under $10.


Shares of Oncothyreon (Nasdaq: ONTY) continued rising.


Second Sight Medical Products (Nasdaq: EYES) stock rose of the third day in a row.

 

On the downside


Profit taking weighed down shares of Endo International (Nasdaq: ENDP).


Investors locked in profits on Cliffs Natural Resources (NYSE: CLF). 


RBC Capital Markets downgraded Rayonier Advanced Materials (NYSE: RYAM) from a Sector Perform rating to an Underperform rating.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 2,087. Bitcoin climbed $9 to $461. 

Retreating crude oil prices weighed the markets down during the midday with the Dow tumbling 107 points to 17,895. Nasdaq fell 24 points to 4,882.


On the upside


TheStreet listed Macrocure (Nasdaq: MCUR) as a breakout stock under $10.


Shares of Legacy Reserves (Nasdaq: LGCY) climbed for the sixth day in a row.


Viking Therapeutics (Nasdaq: VKTX) extended its gains.

 

On the downside


Perrigo (NYSE: PRGO) cut its first quarter outlook and announced the resignation of chief executive Joseph Papa.


Investors continued to lock in profits on Uni-Pixel (Nasdaq: UNXL). 


Trovagene (Nasdaq: TROV) named William Welch to the position of chief executive officer.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 dropped 10 points to 2,081. Bitcoin rose $3 to $455. 

An unexpected drop in new home sales sent the markets tumbling to a sharply lower open with the Dow plunging 126 points to 17,877 as crude oil prices climbed. Nasdaq dropped 20 points to 4,885.


On the upside


Gannet (NYSE: GCI) offered to acquire Tribune Publishing (NYSE: TPUB) in a deal valued at approximately $815 million.


Shares of Neothetics (Nasdaq: NEOT) extended its gains.


California Resources (NYSE: CRC) stock continued to rise.

 

On the downside


Profit taking weighed down shares of Eleven Biotherapeutics (Nasdaq: EBIO).


Xerox (NYSE: XRX) reported lower first quarter earnings that fell short of expectations. 


Investors locked in profits on Advanced Micro Devices (Nasdaq: AMD).


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 dropped 9 points to 2,081. Bitcoin added $1 to $453. 

Mixed close as markets rebound

|

The markets rebounded to close mixed with the Dow rising 21 points to 18,003 as crude oil prices climbed. Nasdaq tumbled 39 points to 4,906.


On the upside


OTC Expert noted that Bonanza Creek Energy (NYSE: BCEI) was one of four stocks trading with heavier than usual volume.


California Resources (NYSE: CRC) amended its credit agreement.


Denbury Resources (NYSE: DNR) will release first quarter earnings on Thursday, May 5, 2016 at 10am Central time.

 

On the downside


FreeSeas (Nasdaq: FREE) will be suspended from trading on Nasdaq on Monday, April 25, 2016 and will begin trading on the OTCQB Venture Market.


Boston Beer (NYSE: SAM) disappointed with lower first quarter earnings and revenue that fell short of expectations and forecast full year earnings below estimates. 


Profit taking continued to sink shares of Cara Therapeutics (Nasdaq: CARA).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,091. Bitcoin eased a fraction to $441. 

Markets extend losses at midday

|

Corporate earnings news continued to weigh on investors. The markets extended its losses during the midday with the Dow falling 45 points to 17,937. Nasdaq plunged 59 points to 4,886.


On the upside


Bargain hunters snapped up shares of Sarepta Therapeutics (Nasdaq: SRPT).


Pacific Biosciences of California (Nasdaq: PACB) narrowed losses more than expected for the first quarter.


Parnell Pharmaceuticals (Nasdaq: PARN) reported sharply higher first quarter sales.

 

On the downside


Southcross Energy (NYSE: SXE) hosted a conference call this morning to discuss fourth quarter and full year financial results.


Profit taking weighed down shares of Uni-Pixel (Nasdaq: UNXL). 


Shares of Harmony Gold (NYSE: HMY) fell as gold prices retreated.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 fell 7 points to 2,083. Bitcoin slipped $2 to $443. 

Lower open over earnings news

|

The markets opened lower with the Dow slipping 9 points to 17,973 as investors monitored earnings. Nasdaq tumbled 46 points to 4,899.


On the upside


Advanced Micro Devices (Nasdaq: AMD) reported a smaller than expected loss for the first quarter and announced a licensing agreement with a new joint venture with Tianjin Haiguang Advanced Technology Investment.


Oaktree Capital Management acquired $200 million in convertible preferred units of NGL Energy Partners (NYSE: NGL).


Southwestern Energy (NYSE: SWN) reported a smaller than expected loss for the first quarter.

 

On the downside


Microsoft (Nasdaq: MSFT) reported lower third quarter earnings that fell short of expectations.


American Airlines (Nasdaq: AAL) reported lower first quarter earnings and revenue. 


Hawaiian Holdings (Nasdaq: HA) reported higher first quarter earnings and revenue but revenue fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 slipped a point to 2,089. Bitcoin fell $3 to $442. 

The markets tumbled to close sharply lower with the Dow plunging 113 points to 17,982 as corporate earnings disappointed and crude oil prices fell. Nasdaq slipped 2 points to 4,945.


On the upside


TerraForm Global (Nasdaq: GLBL) said that it was not part of SunEdison's (NYSE: SUNE) bankruptcy filing and that it was not planning to file for bankruptcy protection.


JMP Securities initiated coverage of Endo International (Nasdaq: ENDP) with a Market Outperform rating.


Viacom (Nasdaq: VIAB) and Dish Network (Nasdaq: DISH) finalized a new multi-year content contract.

 

On the downside


Independence Contract Drilling (NYSE: ICD) increased its public offering from 8 million to 11.5 million common shares and priced the offering at a discounted price of $3.50 per share.


Hercules Offshore (Nasdaq: HERO) entered a Forbearance Agreement and First Amendment to its Credit Agreement. 


Lithia Motors (NYSE: LAD) reported higher first quarter earnings and revenue but the company forecast current quarter and full year earnings that missed expectations.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 dropped 10 points to 2,091. Bitcoin climbed $8 to $446. 

Markets fall as crude oil retreats

|

Retreating crude oil prices weighed down the markets during the midday with the Dow dropping 85 points to 18,011. Nasdaq held steady at 4,948.


On the upside


Shares of Alimera Sciences (Nasdaq: ALIM) climbed despite being listed as a Strong Sell Stock by Zacks Equity Research twice in March and twice so far in April.


Relypsa (Nasdaq: RLYP) announced stock option grants for six new employees.


Approach Resources (Nasdaq: AREX) stock climbed for the fourth day in a row.

 

On the downside


First quarter earnings and revenue rose for TrueBlue (NYSE: TBI) but the company forecast current quarter as well as full year results that fell short of expectations.


A petition has been circulated opposing a plan by Intrexon's (NYSE: XON) Oxitec unit to combat the Zika virus by releasing genetically engineered mosquitoes. 


United Continental (NYSE: UAL) reported lower first quarter earnings and revenue .


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 9 points to 2,092. Bitcoin rose $4 to $443. 

The markets opened lower with the Dow losing 20 points to 18,075 even as first time applications for unemployment benefits fell to its lowest level in nearly 43 years. Nasdaq slipped 5 points to 4,942.

On the upside

Crestwood Equity Partners (NYSE: CEQP) entered a joint venture with Consolidated Edison (NYSE: ED) to own and develop Crestwood's existing natural gas pipeline and storage business in northern Pennsylvania and southern New York.

ServiceNow (NYSE: NOW) reported a smaller than expected loss for the first quarter as revenue surged.

Citrix Systems (Nasdaq: CTXS) reported sharply higher first quarter earnings that surpasses expectations by a wide margin as revenue climbed and the company forecast current quarter and full year results ahead of estimates.
 
On the downside

The Food and Drug Administration affirmed its negative clinical review of Sarepta Therapeutics' (Nasdaq: SRPT) Duchenne muscular dystrophy treatment eteplirsen.

First quarter earnings and revenue for Ericsson (Nasdaq: ERIC) fell far short of expectations.

Las Vegas Sands (NYSE: LVS) reported lower first quarter earnings and revenue.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 4 points to 2,098. Bitcoin added $2 to $440.
Rising crude oil prices along with upbeat earnings lifted the markets to a higher close with the Dow climbing 42 points to 18,096. Nasdaq rose 7 points to 4,948.

On the upside

A leading U.S. PC manufacturer selected Uni-Pixel's (Nasdaq: UNXL) XTouch touch screen sensors with Diamond Guard hardcoat for a 13.3-inch laptop computer.

Callon Petroleum (NYSE: CPE) will purchase certain assets in Texas operated by Big Star Oil and Gas.

Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).
 
On the downside

Coca-Cola (NYSE: KO) reported lower first quarter earnings and revenue on flat soda sales.

Retreating gold prices weighed down shares of Barrick Gold (NYSE: ABX), Harmony Gold (NYSE: HMY) and Kinross Gold (NYSE: KGC).

bluebird bio (Nasdaq: BLUE) reported interim data from an ongoing Phase 2/3 Starbeam Study of Lenti-D in pediatricc patients with cerebral adrenaleukodystrophy.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added a point to 2,102. Bitcoin climbed $10 to $439. 

The markets advanced during the midday with the Dow climbing 42 points to 18,095 as existing home sales rebounded last month. Nasdaq rose 12 points to 4,953.


On the upside


Auris Surgical Robotics will pay a premium of approximately $80 million in cash to acquire Hansen Medical (Nasdaq: HNSN).


Manhattan Associates (Nasdaq: MANH) reported higher first quarter earnings and revenue that beat expectations and forecast full year results ahead of estimates.


Shares of Teck Resources (NYSE: TCK) climbed for the fourth day in a row.


On the downside


A national healthcare provider will not renew its distribution agreement with Owens & Minor (NYSE: OMI).


Clean Energy Fuels (Nasdaq: CLNE) entered an exchange agreement with certain note holders. 


Argos Therapeutics (Nasdaq: ARGS) will cut 18 jobs and announced that chief operating officer Frederick M. Miesowicz will resign effective April 22.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 2,103. Bitcoin gained $7 to $436. 

Existing home sales gained 5.7% in March to lift the markets to a higher open with the Dow rising 16 points to 18,070. Nasdaq added 4 points to 4,944.


On the upside


OncoSec Medical (Nasdaq: ONCS) presented positive clinical data for its melanoma therapy ImmunoPulse IL-12 at the American Association of Cancer Research Annual Meeting.


VMware (NYSE: VMW) reported better than expected first quarter earnings and announced plans to repurchase up to $1.2 billion in common shares.


Lexmark International (NYSE: LXK) will be acquired by Apex Technology for a premium of approximately $3.6 billion.


On the downside


Alere (NYSE: ALR) named Johathan Wygant to replace Carla Flakne as chief accounting officer.


The Federal Trade Commission argued in a district court to prevent the merger between Staples (Nasdaq: SPLS) and Office Depot (Nasdaq: ODP). 


CalAmp (Nasdaq: CAMP) reported lower fourth quarter earnings and forecast current quarter as well as full year results below expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped a point to 2,099. Bitcoin gained $5 to $434. 

It was a mixed close for the markets with the Dow gaining 49 points to 18,053 as new home construction tumbled last month but median weekly wages climbed in the first quarter. Nasdaq lost 19 points to 4,940.


On the upside


Rising silver prices lifted shares of First Majestic Silver (NYSE: AG) and Hecla Mining (NYSE: HL).


Zacks Investment Research said that TimkenSteel (NYSE: TMST) had the potential to beat earnings estimates.


Shares of California Resources (NYSE: CRC) climbed as crude oil prices rose.


On the downside


MaxLinear (Nasdaq: MXL) will report first quarter results after market close on Monday, May 9, 2016.


Profit taking weighed down shares of Anacor Pharmaceuticals (Nasdaq: ANAC). 


Investors locked in profits on Amedica (Nasdaq: AMDA).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 2,100. Bitcoin gained $3 to $429. 

The markets traded mixed during the midday with the Dow rising 13 points to 18,017 as median weekly earnings rose 2.7% in the first quarter. Nasdaq fell 23 points to 4,936.


On the upside


Tile Shop Holdings (Nasdaq: TTS) reported sharply higher first quarter earnings and revenue that topped analyst estimates and lifted its full year forecast.


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).


Shares of offshore drillers Noble (NYSE: EXK) and SeaDrill (NYSE: SDRL) climbed as crude oil prices rose.


On the downside


Capstone Turbine (Nasdaq: CPST) priced its public offering of 2.7 million common shares and warrants.


DA Davidson downgraded Calumet Specialty Products (Nasdaq: CLMT) from a Buy rating to an Underperform rating. 


InVitae's (NYSE: NVTA) announcement that Medicare will reimburse the company a lower than expected $622.53 for its multi gene tests for hereditary breast cancer disorders sent shares of Myriad Genetics (Nasdaq: MYGN) tumbling.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 2,096. Bitcoin held steady at $426. 

The markets opened mixed with the Dow climbing 70 points to 18,074 while Nasdaq slipped 5 points to 4,954 as new home construction tumbled 8.8% in March.


On the upside


Repros Therapeutics (Nasdaq: RPRX) extended its gains.


Foresight Energy (NYSE: FELP) will restructure its debt.


Rising silver prices lifted shares of Endeavour Silver (NYSE: EXK).


On the downside


Netflix (Nasdaq: NFLX) reported better than expected earnings for the first quarter but revenue fell short.


Applied Optoelectronics (Nasdaq: AAOI) reported preliminary first quarter revenue at the low end of its previous guidance and warned of losses. 


Preliminary first quarter earnings for Illumina (Nasdaq: ILMN) missed expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 9 points to 2,103. Bitcoin added $1 to $427. 

The beginning of earnings season lifted the markets to a higher close with the Dow soaring 106 points to 18,004. Nasdaq climbed 21 points to 4,960.


On the upside


Valeant Pharmaceuticals' (NYSE: VRX) chief executive J. Michael Pearson was questioned by the Senate Special Committee on Aging today.


Seth R. Johnson will be nominated to the board of Christopher & Banks (NYSE: CBK).


Shares of Argos Therapeutics (Nasdaq: ARGS) continued rising.


On the downside


Investors locked in profits on PTC Therapeutics (Nasdaq: PTCT).


Eli Lily will not advance Transition Therapeutics' (Nasdaq: TTHI) diabetes drug candidate TT401 into Phase 3 development. 


Profit taking weighed down shares of Great Basin Scientific (Nasdaq: GBSN).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 climbed 13 points to 2,094. Bitcoin added a fraction to $426. 

The markets advanced during the midday with the Dow climbing 82 points to 17,979 even after Doha talks ended without an oil production cap deal. Nasdaq rose 11 points to 4,949.


On the upside


Real Money contributor James "Rev Shark" Deporre added Teck Resources (NYSE: TCK) to his Stock of the Week.


TopNasdaqStocks added Uni-Pixel (Nasdaq: UNXL) to its stocks to watch list.


Repros Therapeutics (Nasdaq: RPRX) was added to TopNasdaqStocks' stocks to watch list.


On the downside


Liberty Media (Nasdaq: LMCK) (Nasdaq: LMCA) entered a supplemental indenture related to the company's convertible notes.


Primero Mining (NYSE: PPP) reported preliminary first quarter production that fell short of previous guidance and cut its 2016 production forecast.


Investors locked in profits on Yirendai (NYSE: YRD).


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 9 points to 2,090. Bitcoin added a fraction to $425. 

Higher open even as oil falls

|

The markets opened higher with the Dow climbing 60 points to 17,958 even as crude oil prices fell. Nasdaq gained 15 points to 4,953.


On the upside


Cvent (NYSE: CVT) will be acquired by Vista Equity Partners for a premium of approximately $1.65 billion in cash.


Weigao Orthopedic entered an exclusive 10-year agreement to sell, market and distribute Amedica (Nasdaq: AMDA) branded silicon nitrate spinal implants in China.


Celator Pharmaceuticals (Nasdaq: CPXX) reported positive data for VYXEOS Liposome for Injection.


On the downside


The Food and Drug Administration advised Chiasma (Nasdaq: CHMA) that its New Drug Application for the acromegaly treatment Mycapssa did not provide substantial evidence of efficacy to warrant approval and recommended and additional clinical trial.


Calumet Specialty Products Partners (Nasdaq: CLMT) warned of significant losses for the first quarter, suspended its quarterly cash dividend and priced a private placement of senior secured notes.


Rex Energy (Nasdaq: REXX) entered an exchange agreement with a holder of the company's preferred stock and senior secured second lien notes.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,088. Bitcoin added $1 to $426. 

A 0.6% drop in industrial output weighed down the markets to a lower close with the Dow losing 28 points to 17,897. Nasdaq slipped 7 points to 4,938.


On the upside


Regions Financial (NYSE: RF) reported higher first quarter earnings and revenue that topped analyst estimates.


Transocean (NYSE: RIG) will release first quarter financials on May 4, 2016 after market close.


Sprint (NYSE: S) launched its LTE Plus Network in New York City and 190 other markets across the nation.


On the downside


Performance Sports Group (NYSE: PSG) widened third quarter losses more than expected as revenue fell.


Citigroup downgraded Stratasys (Nasdaq: SSYS) from a Buy rating to a Neutral rating.


Regulus Therapeutics (Nasdaq: RGLS) reported additional interim data for an ongoing Phase II study of its hepatitis C treatment RG-101 but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners were on par with advancers on Nasdaq. The broader S&P 500 slipped 2 points to 2,080. Bitcoin added $5 to $427. 

Losses extended as oil prices drop

|

The markets extended its losses during the midday with the Dow falling 47 points to 17,879 as crude oil prices dropped. Nasdaq lost 16 points to 4,929.


On the upside


The National Institute for Health and Care Excellence has recommended PTC Therapeutics' (Nasdaq: PTCT) Translarna to treat nonsense mutation Duchenne muscular dystrophy.


First Majestic Silver (NYSE: AG) reported record production of 5.1 million silver equivalent ounces in the first quarter.


Raymond James upgraded Micron Technology (Nasdaq: MU) from an Outperform rating to a Strong Buy rating.


On the downside


Super Micro Computer (Nasdaq: SMCI) warned that third quarter earnings and revenue would fall short of previous guidance.


Bezinga reported that Centerview Partners was no longer advising Relypsa (Nasdaq: RLYP) on a potential sale of the company.


Investors locked in profits on Repros Therapeutics (Nasdaq: RPRX).


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 lost 5 points to 2,077. Bitcoin added $5 to $427. 

An unexpected drop in March manufacturing output weighed the markets down to a lower open with the Dow losing 18 points to 17,908. Nasdaq fell 11 points to 4,934.


On the upside


Great Basin (Nasdaq: GBSN) reported sharply higher preliminary first quarter revenue and strong customer acquisition growth.


BioBlast Pharma (Nasdaq: ORPN) will present final results from its HOPEMD Phase 2 study in patients with oculopharyngeal muscular dystrophy.


Infosys (NYSE: INFY) reported higher fourth quarter earnings and revenue.


On the downside


Ensco (NYSE: ESV) priced its upsized public offering of 57 million common shares at the discounted price of $9.25 per share.


Mitel Networks (Nasdaq: MITL) will pay approximately $1.96 billion in cash and stock to acquire Polycom (Nasdaq: PLCM).


Ixia (Nasdaq: XXIA) warned that first quarter revenue would fall short of previous guidance.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 lost 3 points to 2,079. Bitcoin added $4 to $426. 

Jobless claims unexpectedly fell last week to lift the markets to a modestly higher close with the Dow rising 18 points to 17,926. Nasdaq slipped a point to 4,945.


On the upside


Calgon Carbon (NYSE: CCC) will acquire the wood-based activated carbon reactivation and mineral-based filtration media business of CECA.


Bank of America (NYSE: BAC) reported lower first quarter earnings and revenue that fell short of expectations but the stock price rose.


Shares of Alcoa (NYSE: AA) rose for the third day in a row.


On the downside


Breitburn Energy Partners (Nasdaq: BBEP) suspended distributions on its preferred shares  and deferred an interest payment.


The Houston Municipal Employees Pension System filed a class action lawsuit against BofI (Nasdaq: BOFI) for allegedly engaging in illegal lending practices.


Investors locked in profits on Companhia Siderurgica Nacional (NYSE: SID).


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 held steady at 2,082. Bitcoin added $1 to $423. 

The markets advanced during the midday with the Dow gaining 34 points to 17,942 as consumer prices edged up 0.1% in March. Nasdaq rose 6 points to 4,954.


On the upside


Stratasys (Nasdaq: SSYS) stock climbed after Bank of America upgraded fellow 3D printer maker 3D Systems (NYSE: DDD).


DragonWave (Nasdaq: DRWI) successfully completed five customer trials of its newly launched Harmony Enhanced MC dual carrier product.


First Republic Bank (NYSE: FRC) reported higher first quarter earnings and revenue that beat expectations.


On the downside


Investors locked in profits on Vale (NYSE: VALE).


Gold prices slipped to weigh down shares of Barrick Gold (NYSE: ABX).


An investor expects the Food and Drug Administration to reject Chiasma's (Nasdaq: CHMA) acromegaly treatment Mycapssa.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 2,085. Bitcoin added $1 to $423. 

The markets opened flat with the Dow slipping a point to 17,906 even as first time applications for unemployment benefits unexpectedly fell last week. Nasdaq lost 8 points to 4,938.


On the upside


Repros Therapeutics (Nasdaq: RPRX) reported positive clinical data for Proellex to treat severe menstrual bleeding from uterine fibroids.


Bank of America upgraded 3D Systems (NYSE: DDD) from an Underperform rating to a Buy rating.


Meizu will feature Synaptics' (Nasdaq: SYNA) ClearForce technology in its new flagship PRO6 smartphone.


On the downside


Seagate Technology (Nasdaq: STX) warned that third quarter revenue would fall short of previous guidance.


The borrowing base of Stone Energy's (NYSE: SGY) bank credit agreement has been slashed from $500 million to $300 million.


Western Digital (Nasdaq: WDC) fell on rival Seagate's (Nasdaq: STX) lowered guidance.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2,080. Bitcoin held steady at $422. 

The markets surged to close sharply higher with the Dow leaping 187 points to 17,908 as China's exports climbed more than expected last month. Nasdaq jumped 75 points to 4,947.


On the upside


Tsinghua Unigroup has acquired a 6% stake in Lattice Semiconductor (Nasdaq: LSCC).


Shares of Brazilian steel company Companhia Siderurgica Nacional (NYSE: SID) climbed as Brazil moved closer to impeaching President Dilma Rousseff.


Emcore (Nasdaq: EMKR) received a favorable ruling from the International Court of Arbitration tribunal related to its ongoing dispute with Sumitomo Electric Industries.


On the downside


Retreating crude oil prices weighed down share of EP Energy (NYSE: EPE) and Legacy Reserves (Nasdaq: LGCY).


Zacks Equity Research downgraded Whiting Petroleum (NYSE: WLL) to a Strong Sell rating.


Retreating gold prices weighed down shares of Kinross Gold (NYSE: KGC).


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 soared 20 points to 2,082. Bitcoin held steady at $422. 

Optimism that China's economy may be recovering boosted the markets during the midday with the Dow leaping 150 points to 17,871. Nasdaq soared 52 points to 4,924.


On the upside


GoPro (Nasdaq: GPRO) hired Apple (Nasdaq: AAPL) designer Danny Coster.


Gerdau (NYSE: GGB) stock rose for the fourth day in a row.


Uni-Pixel (Nasdaq: UNXL) expanded its relationship with a client from two programs to four programs that will feature Uni-Pixel's XTouch and Diamond Guard products.


On the downside


MannKind's (Nasdaq: MNKD) auditor issued a going-concern warning to the biopharmaceutical.


Rice Energy (NYSE: RICE) priced its public offering of more than 29.8 million common shares at the discounted price of $16.35 per share.


Approximately 37,000 unionized Verizon (NYSE: VZ) workers went on strike.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 soared 16 points to 2,077. Bitcoin held steady at $422. 

The markets opened sharply higher with the Dow surging 134 points to 17,855 as Chinese exports climbed in March. Nasdaq climbed 59 points to 4,931.


On the upside


Foresight Energy (NYSE: FELP) may be nearing a deal to avoid bankruptcy.


Credit Suisse upgraded ArcelorMittal (NYSE: MT) from a Neutral rating to an Outperform rating.


JPMorgan (NYSE: JPM) reported better than expected first quarter earnings and revenue.


On the downside


JPMorgan and Credit Suisse downgraded Clovis Oncology (Nasdaq: CLVS) after a Food and Drug Administration advisory committee recommended against approval of the non-small cell lung cancer treatment rociletinib.


Retreating crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI).


Pacific Crest downgraded Sprint (NYSE: S) from a Sector Weight rating to an Underweight rating.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 13 points to 2,075. Bitcoin held steady at $422. 

Crude oil prices settled above $42 per barrel to send the markets soaring to a sharply high close with the Dow surging 164 points to 17,721. Nasdaq climbed 38 points to 4,872.


On the upside


Shares of EP Energy (NYSE: EPE), Southwestern Energy (NYSE: SWN) and SM Energy (NYSE: SM) all surged as crude oil prices climbed.


Rising crude oil prices lifted shares of offshore service vessels provider Tidewater (NYSE: TDW).


Offshore drilling contractor Ocean Rig (Nasdaq: ORIG) stock climbed as crude oil prices advanced.


On the downside


Profit taking weighed down shares of Navios Maritime (NYSE: NM).


Shares of Pernix Therapeutics (Nasdaq: PTX) fell ahead of its presentation at the Needham & Co.'s 15th Annual Healthcare Conference tomorrow.


Mitek (Nasdaq: MITK) will release second quarter financials on Thursday, April 28.


In the broad market, advancing issues outpaced decliners by a margin of 4 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 soared 19 points to 2,061. Bitcoin rose $3 to $422. 

Markets soar a crude oil climbs

|

Crude oil prices climbed above $41 per barrel to lift the markets sharply higher during the midday with the Dow soaring 142 points to 17,699. Nasdaq gained 22 points to 4,856.


On the upside


Highpower International (Nasdaq: HPJ) began shipping lithium polymer batteries to DJI to be used in drones.


Denbury Resources (NYSE: DNR) stock climbed as crude oil prices rose.


Shares of offshore drilling services contractor SeaDrill (NYSE: SDRL) soared on higher crude oil prices.


On the downside


Horizon Pharma (Nasdaq: HZNP) forecast first and second quarter revenue that fell far short of analyst expectations.


Shares of Insys Therapeutics (Nasdaq: INSY) extended its losses.


Investors locked in profits on Amyris (Nasdaq: AMRS).


In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 15 points to 2,057. Bitcoin rose $4 to $423. 

The markets opened mixed with the Dow rising 19 points to 17,575 while Nasdaq fell 14 points to 4,818 as investors monitored corporate earnings.


On the upside


Tudor Pickering upgraded Chesapeake Energy (NYSE: CHK) from a Sell rating to a Hold rating.


Shares of MannKind (Nasdaq: MNKD) extended its gains.


Bonanza Creek Energy (NYSE: BCEI) stock rose again as crude oil prices edged up.


On the downside


The Justice Department is pursuing a guilty plea from Och-Ziff Capital Management (NYSE: OZM) in a five-year long international bribery investigation.


UBS downgraded Juniper Networks (NYSE: JNPR) from a Buy rating to a Neutral rating and cut its price target from $31 to $25.


Alcoa (NYSE: AA) reported lower first quarter earnings and revenue and cut its 2016 global sales guidance for the aerospace industry.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,041. Bitcoin added $4 to $422. 

Lower close ahead of earnings

|

The markets continued falling to close lower with the Dow losing 20 points to 17,556 ahead of corporate earnings releases. Nasdaq dropped 17 points to 4,833.


On the upside


Shares of Cliffs Natural Resources (NYSE: CLF) climbed again.


Bargain hunters lifted shares of aTyr Pharma (Nasdaq: LIFE).


Rising crude oil prices lifted shares of Mid-con Energy Partners (Nasdaq: MCEP).


On the downside


Zacks Equity Research named Genocea Biosciences (Nasdaq: GNCA) as one of three winning biotech stocks but the stock price fell.


Shares of Endo International (Nasdaq: ENDP) tumbled after fellow opioid pain killer maker Insys Therapeutics (Nasdaq: INSY) cut its first quarter revenue guidance.


Avis Budget (Nasdaq: CAR) stock dropped after rival Hertz (NYSE: HTZ) cut its guidance for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 2,041. Bitcoin edged up a fraction to $419. 

The markets retreated from early morning highs but continued trading in positive territory with the Dow climbing 49 points to 17,626 as crude oil prices rose. Nasdaq gained 13 points to 4,864.


On the upside


International Finance and IFC Asset Management invested approximately $107.7 million in Net 1 Ueps Technologies (Nasdaq: UEPS).


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).


Amyris (Nasdaq: AMRS) received a $5 million equity investment from the Bill and Melinda Gates Foundation.


On the downside


Hertz Global (NYSE: HTZ) cut its first quarter forecast.


Shares of Great Basin Scientific (Nasdaq: GBSN) extended its losses.


Moody's Investors Service has placed PHH's (NYSE: PHH) ratings on review for a possible downgrade.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2,052. Bitcoin added $1 to $420. 

Higher open as China's CPI rises

|

The markets opened sharply higher with the Dow surging 135 points to 17,712 as China's consumer price index rose 2.3% in March. Nasdaq soared 43 points to 4,893.


On the upside


Chesapeake Energy (NYSE: CHK) amended its credit facility agreement.


MannKind (Nasdaq: MNKD) will host a conference call to discuss the company's commercialization strategy for the inhalable insulin Afrezza.


Annaly Capital will pay a premium of approximately $1.5 billion to acquire Hatteras Financial (NYSE: HTS).


On the downside


The Mexican Secretary of Environment and Natural Resources denied an application by Odyssey Marine Exploration (Nasdaq: OMEX) for an environmental license for the Don Diego dredging and phosphate sand extraction project.


MiMedx Group (Nasdaq: MDXG) reported first quarter revenue that fell short of previous guidance.


Insys Therapeutics (Nasdaq: INSY) warned that first quarter revenue would miss expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 13 points to 2,060. Bitcoin edged up to $419. 

Wholesale inventories fell more than expected in February but the markets closed modestly higher with the Dow gaining 35 points to 17,576 as crude oil prices rose above $39 per barrel. Nasdaq added 2 points to 4,850.


On the upside


Amira Nature Foods (NYSE: ANFI) will release interim financial results for the six months ended September 30, 2015 later this month and six month and full year financial results for the fiscal year ended March 31, 2016 in July 2016.


Rising crude oil prices lifted shares of Legacy Reserves (Nasdaq: LGCY).


Diana Shipping (NYSE: DSX) entered a time charter contract with Quadra Commodities for one Kamsarmax dry bulk vessels.


On the downside


Food and Drug Administration reviewers questioned the safety of Clovis Oncology's (Nasdaq: CLVS) lung cancer treatment rociletinib.


Ruby Tuesday (NYSE: RT) widened third quarter losses more than expected as revenue fell and announced the departure of chief financial officer Jill Golder.


Profit taking weighed down shares of Tetraphase Pharmaceuticals (Nasdaq: TTPH).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 2,047. Bitcoin slipped $1 to $417. 

The markets retreated from early morning gains but continued trading in positive territory with the Dow gaining 54 points to 17,596. Nasdaq added a point to 4,849.


On the upside


Climbing crude oil prices lifted shares of California Resources (NYSE: CRC) and Denbury Resources (NYSE: DNR).


Marketo (Nasdaq: MKTO) will report first quarter results on Tuesday, April 26, 2016 after market close.


Daily Stock Reporter added China HGS Real Estate (Nasdaq: HGSH) to its small cap watch list.


On the downside


SeaChange International (Nasdaq: SEAC) widened losses for the fourth quarter and replaced its chief executive.


JP Morgan downgraded Boot Barn (NYSE: BOOT) from an Overweight rating to a Neutral rating and cut its price target from $11 to $7.


Share of MannKind (Nasdaq: MNKD) fell for the fourth straight day.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 8 points to 2,050. Bitcoin added $1 to $420. 

Rising crude oil prices lifted the markets to a sharply higher open with the Dow leaping 136 points to 17,678. Nasdaq climbed 33 points to 4,882.


On the upside


Under Armour (NYSE: UA) completed a 2-for-1 stock split.


Corning (NYSE: GLW) will acquire Alliance Fiber Optics (Nasdaq: AFOP) in an all cash deal valued at approximately $305 million.


Hedge fund Starboard acquired a 9.8% stake in DepoMed (Nasdaq: DEPO).


On the downside


Viking Therapeutics (Nasdaq: VKTX) priced its public offering of 7.5 million common shares and warrants at the discounted price of $1.25 per unit.


March same store sales for Gap (NYSE: GPS) dropped 6%.


Investors locked in profits on Intercept Pharmaceuticals (Nasdaq: ICPT).


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 2,057. Bitcoin added $1 to $420. 

The markets plunged to close sharply lower with the Dow collapsing 174 points to 17,541 as profit concerns sent banking stocks tumbling. Nasdaq plummeted 72 points to 4,848.


On the upside


Cymabay Therapeutics (Nasdaq: CBAY) chief financial officer Sujal Shah bought shares in the company.


Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).


Clayton Williams Energy (NYSE: CWEI) president Mel G. Riggs increased his holdings in the company.


On the downside


The Buckle (NYSE: BKE) reported a disappointing 11.8% drop in March same store sales.


Concerns that China may increase its copper exports sent shares of Teck Resources (NYSE: TCK) tumbling.


March same store sales dropped 8.5% for Conn's (Nasdaq: CONN).


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 plunged 24 points to 2,041. Bitcoin held steady at $419. 

The markets extended its losses during the midday with the Dow plummeting 130 points to 17,585 as crude oil prices slipped below $37 per barrel. Nasdaq plunged 50 points to 4,870.


On the upside


Ollie's Bargain Outlet Holdings (Nasdaq: OLLI) reported better than expected earnings for the fourth quarter prompting an upgrade.


Zacks Equity Research identified Vanguard Natural Resources (Nasdaq: VNR) as one of four growth stocks that has fallen to its 52-week low.


Relypsa (Nasdaq: RLYP) has engaged the services of Centerview Partners to explore a potential sale of the company.


On the downside


Profit taking weighed down shares of Ocean Rig (Nasdaq: ORIG).


DragonWave (Nasdaq: DRWI) will sell approximately 600,000 common shares through a registered direct offering.


Falling crude oil prices weighed down shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT).


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 dropped 19 points to 2,047. Bitcoin held steady at $419. 

First time applications for unemployment benefits fell last week but the markets opened lower with the Dow plunging 106 points to 17,609 over global economic concerns. Nasdaq fell 34 points to 4,886.


On the upside


Telsey Advisory Group upgraded Wynn Resorts (Nasdaq: WYNN) from a Market Perform rating to an Outperform rating.


A majority of Valeant Pharmaceuticals' (NYSE: VRX) loan holders agreed to amend debt terms.


H.C. Wainwright initiated coverage of Viking Therapeutics (Nasdaq: VKTX) with a Buy rating and a $6.00 price target.


On the downside


The Food and Drug Administration has placed a clinical hold on a CARDIO-TTR study of Ionis Pharmaceuticals' (Nasdaq: IONS) IONIS-TTR in patients with TTR amyloid cardiomyopathy.


Investors locked in profits on Freeport-McMoRan (NYSE: FCX).


Fourth quarter earnings for CarMax (NYSE: KMX) topped estimates but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 11 points to 2,054. Bitcoin held steady at $418. 

The markets surged to close sharply higher with the Dow soaring 112 points to 17,716 as crude oil prices climbed above $37 per barrel. Nasdaq leaped 76 points to 4,920.


On the upside


Vivint Solar (NYSE: VSLR) will hold an investor and analyst update conference call on April 14, 2015 at 5pm ET.


Raptor Pharmaceutical (Nasdaq: RPTP) is rumored to be exploring a possible sale of the company.


Oppenheimer lifted its price target on Sarepta Therapeutics (Nasdaq: SRPT) from $45 to $60.


On the downside


The Female Health Company (Nasdaq: FHCO) will merge with Aspen Park Pharmaceuticals.


aTyr Pharma (Nasdaq: LIFE) will present at the 15th Annual Needham & Co. Healthcare Conference next week.


Infoblox (NYSE: BLOX) Vice President of World Field Operations Thorsten Freitag resigned.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2,066. Bitcoin slipped $2 to $418. 

Rising crude oil prices lifted the markets during the midday with the Dow gaining 77 points to 17,680. Nasdaq climbed 46 points to 4,890.


On the upside


Newly appointed Valeant Pharmaceuticals (NYSE: VRX) director Bill Ackman said that the board may name a new chief executive within weeks.


Capital Cube highlighted the earnings trend of Weibo (Nasdaq: WB).


Bargan hunters continued to snap up shares of Anacor Pharmaceuticals (Nasdaq: ANAC).


On the downside


Profit taking weighed down shares of Sky Solar Holdings (Nasdaq: SKYS).


MannKind (Nasdaq: MNKD) extended its losses.


ITG Investment Research cut its first quarter retail unit sales forecast for Harley-Davidson (NYSE: HOG).


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on  both the NYSE and on Nasdaq. The broader S&P 500 climbed 12 points to 2,057. Bitcoin slipped $1 to $419. 

The markets opened mixed with the Dow losing 14 points to 17,588 while Nasdaq gained 20 points to 4,864 ahead of the release of minutes from the Federal Reserve's policy meeting last month.


On the upside


Shares of DragonWave (Nasdaq: DRWI) continued to climb.


Global Payments (NYSE: GPN) reported higher third quarter earnings that topped analyst estimates as revenue rose and lifted its full year forecast.


Bargain hunters lifted shares of Momo (Nasdaq: MOMO).


On the downside


Cree (Nasdaq: CREE) reported preliminary third quarter revenue that fell short of previous guidance.


American Equity Investment (NYSE: AEL) amended and restated its retirement benefit agreement with chairman David J. Noble.


Investors locked in profits on Galena Biopharma (Nasdaq: GALE).


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on  the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 2,047. Bitcoin eased a fraction to $420. 

Crude oil prices edged up but the markets tumbled to close sharply lower with the Dow plummeting 133 points to 17,603 as the nation's trade deficit widened more than expected in February. Nasdaq plunged 47 points to 4,843.


On the upside


DragonWave (Nasdaq: DRWI) launched its Harmony Care services offering.


Zacks Equity Research said that there could be significant upside potential to Companhia Siderurgica Nacional (NYSE: SID).


Celator Pharmaceuticals (Nasdaq: CPXX) will present at the 15th Annual Needham Healthcare Conference.


On the downside


Profit taking weighed down shares of Yirendai (NYSE: YRD).


DryShips (Nasdaq: DRYS) sold three of its vessels and will sell its entire stake in Ocean Rig UDW.


Shares of Bonanza Creek Energy (NYSE: BCEI) and C&J Energy Services (NYSE: CJES) fell even as crude oil prices edged up.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on  both the NYSE and on Nasdaq. The broader S&P 500 plunged 20 points to 2,045. Bitcoin added $1 to $419 

The extended its losses during the midday with the Dow plunging 116 points to 17,620 despite expansion of the nation's services sector in March. Nasdaq tumbled 46 points to 4,845.


On the upside


TopNasdaqStocks.com added Origin Agritech (Nasdaq: SEED) to its list of stocks to watch.


Wells Fargo upgraded Intercept Pharmaceuticals (Nasdaq: ICPT) from a Market Perform rating to an Outperform rating.


A judge tentatively dismissed claims that Lumber Liquidators (NYSE: LL) did not adequately warn consumers of potential health hazards from some of its laminate flooring.


On the downside


Great Basin Scientific (Nasdaq: GBSN) appointed Mike Blitz as vice president of U.S. sales and promoted Sandra Nielsen to senior vice president of sales and marketing.


New proposed regulations for corporate tax inversions weighed down shares of Waste Connections (Nasdaq: WCN) and Progressive Waste Solutions (NYSE: BIN).


Investors locked in profits on Baxalta (NYSE: BXLT).


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 tumbled 19 points to 2,046. Bitcoin added $2 to $420. 

The nation's trade deficit widened more than expected in February to weigh the markets down to a lower open with the Dow dropping 60 points to 17,676. Nasdaq fell 26 points to 4,865.


On the upside


Inventergy Global (Nasdaq: INVT) reported sharply higher full year revenue.


Marvell Technology (Nasdaq: MRVL) chief executive officer Sehat Sutardja and president Weili Dai both resigned effective immediately.


Valeant (NYSE: VRX) completed a review of its accounting practices and has found no new items that would trigger a restatement of financials.


On the downside


New stricter rules for corporate tax inversions may prevent Allergan's (NYSE: AGN) merger with Pfizer (NYSE: PFE).


Profit taking weighed down shares of Galena Biopharma (Nasdaq: GALE).


Shares of Vericel (Nasdaq: VCEL) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 dropped 14 points to 2,051. Bitcoin added $2 to $420. 

Lower close as crude oil falls

|

Crude oil prices fell to weigh the markets down to a lower close with the Dow falling 55 points to 17,737. Nasdaq dropped 22 points to 4,891.


On the upside


Shares of Galena Biopharma (Nasdaq: GALE) climbed again.


ACR Communications noted that Genocea Biosciences (Nasdaq: GNCA) reported positive Phase 2 results last week for GEN-003 to treat genital herpes.


Daily Stock Reporter added California Resources (NYSE: CRC) to its watch list.


On the downside


Clovis Oncology (Nasdaq: CLVS) chief financial officer Erie T. Mast resigned and the company appointed Daniel W. Muehl to the position of principal financial officer and principal accounting officer.


Profit taking weighed down shares of Petrobras (NYSE: PBR).


Shares of Gold Fields (NYSE: GFI) fell as gold prices slipped.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 8 to 5 on Nasdaq. The broader S&P 500 lost 6 points to 2,066. Bitcoin added a fraction to $417. 

Markets fall at midday

|

The markets turned negative during the midday with the Dow falling 54 points to 17,738 as crude oil prices retreated. Nasdaq dropped 20 points to 4,893.


On the upside


Shares of Sky Solar Holdings (Nasdaq: SKYS) continued to soar.


The Hoffman Heart and Vascular Institute at Saint Francis Hospital and Medical Center has completed more than 1,000 cardiac ablation procedures using Stereotaxis' (Nasdaq: STXS) Niobe remote magnetic navigation systems.


Edwards Lifesciences (NYSE: EW) reported upbeat results from a PARTNER II trial of its SAPIEN 3 valve.


On the downside


Vericel (Nasdaq: VCEL) reported mixed results from a Phase 2b study of ixmyelocel-T in patients with advanced heart failure.


Natus Medical (Nasdaq: BABY) reported preliminary first quarter revenue that fell short of previous guidance.


Great Basin Scientific (Nasdaq: GBSN) successfully completed an exchange of warrants.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 fell 7 points to 2,065. Bitcoin added $1 to $417. 

The markets opened flat with the Dow edging up a fraction to 17,793 as crude oil prices eased. Nasdaq added a point to 4,916.


On the upside


Virgin America (Nasdaq: VA) will be acquired by Alaska Air Group (NYSE: ALK) for a premium of approximately $2.6 billion in cash.


Brocade Communications (Nasdaq: BRCD) will pay approximately $1.5 billion in cash and stock to acquire Ruckus Wireless (NYSE: RKUS).


Zafgen (Nasdaq: ZFGN) reported new upbeat data from a Phase 3 study of beloranib to treat Prader-Willi syndrome.


On the downside


BB&T downgraded Smith & Wesson (Nasdaq: SWHC) from a Buy rating to a Hold rating.


The Wall Street Journal reported that a shortage of parts will delay delivery of Facebook's (Nasdaq: FB) Oculus Rift virtual reality headset.


RBC Capital Markets initiated coverage of BlackBerry (Nasdaq: BBRY) with a Sector Perform rating.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,072. Bitcoin eased a fraction to $416. 

Strong job creation data sent the markets soaring to a sharply higher close with the Dow soaring 107 points to 17,792. Nasdaq leaped 44 points to 4,914.


On the upside


Rentech (Nasdaq: RTK) retired approximately $142 million of senior obligations, improved its liquidity and reduced future interest expenses.


Talen Energy (NYSE: TLN) completed the sale of the Holtwood and Lake Wallenpaupack hydroelectric plants.


Radius Health (Nasdaq: RDUS) reported positive results from pre-specified subgroup analyses from its Phase 3 ACTIVE trial for abaloparatide-SC injection.


On the downside


Profit taking weighed down shares of Archrock (NYSE: AROC).


Retreating crude oil prices weighed down shares of Denbury Resources (NYSE: DNR) and EP Energy (NYSE: EPE).


Shares of Great Basin Scientific (Nasdaq: GBSN) dropped after completing a 1-for-35 reverse stock split on Wednesday.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 climbed 13 points to 2,072. Bitcoin eased a fraction to $414. 

The markets advanced during the midday with the Dow rising 31 points to 17,716 on upbeat jobs data. Nasdaq gains 16 points to 4,886.


On the upside


Appaloosa Management increased its stake in TerraForm Power (Nasdaq: TERP) to 10.88%.


Regeneron Pharmaceuticals (Nasdaq: REGN) reported positive results from two Phase 3 studies of dupilumab to treat moderate to severe atopic dermatitis.


The European Committee for Medicinal Products for Human Use has adopted a positive opinion for approval of Amicus Therapeutics' (Nasdaq: FOLD) migalastat.


On the downside


Noble (NYSE: NE) announced the results of the tender offer by its wholly owned subsidiary Noble Holding International Limited.


Falling crude oil prices weighed down shares of Transocean (NYSE: RIG).


Anbang's withdrawal from the bidding war for Starwood Hotels & Resorts (NYSE: HOT) left Marriott International (Nasdaq: MAR) paying $13.6 billion for Starwood.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added a point to 2,061. Bitcoin held steady at $415. 

More jobs than expected were created in March but the markets opened flat with the Dow adding 4 points to 17,689 as February construction spending slipped. Nasdaq edged up a fraction to 4,870.


On the upside


InvestmentResearchReport.com listed Sky Solar Holdings (Nasdaq: SKYS) as one of five stocks with the potential to double this year.


Cardiovascular Systems (Nasdaq: CSII) reported preliminary third quarter revenue ahead of its previous guidance prompting an upgrade.


Shares of DragonWave (Nasdaq: DRWI) climbed for the fourth day in a row.


On the downside


Investors locked in profits on Genocea Biosciences (Nasdaq: GNCA).


Rovi (Nasdaq: ROVI), Dish Network (Nasdaq: DISH) and EchoStar (Nasdaq: SATS) agreed to a standstill while negotiations continue.


BlackBerry (Nasdaq: BBRY) fell to a loss for the fourth quarter as revenue tumbled.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 3 points to 2,056. Bitcoin held steady at $415. 

About this Archive

This page is an archive of entries from April 2016 listed from newest to oldest.

March 2016 is the previous archive.

May 2016 is the next archive.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12