April 2017 Archives

Disappointing growth of the nation's economy weighed the markets down to a lower close with the Dow falling 40 points to 20,940. Nasdaq eased a point to 6,047.


On the upside


Shares of Cloudera (NYSE: CLDR) surged in its market debut.


The Bancorp (Nasdaq: TBBK) reversed year ago losses to post a profit for the first quarter.


Emerald Expositions Events (NYSE: EEX) stock soared on its first trading day.


On the downside


Shares of Carvana (NYSE: CVNA) plunged on its first trading day.


Time (NYSE: TIME) will not sell itself but will continue pursuing its own strategic plan.

 

Synchrony Financial (NYSE: SYF) reported lower first quarter earnings that fell short of expectations.


In the broad market, declining issues outpaced advancers 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 index lost 4 points to 2,384. Bitcoin dropped $23 to $1296.


Nintendo announces 2DS XL

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The Dow extended its losses during the midday by falling 34 points to 20,947. Nasdaq added 2 points to 6,051.


Nintendo announced its new Nintendo 2DS XL handheld gaming console that will be available on July 28. The 2DS XL will have a larger screen than the 2DS and have the same functionality as the 3DS XL except for the 3D feature. The 2DS XL will be priced at $149.99 which is $50 less than the 3DS XL.


The proposed merger between Anthem and Cigna has been blocked by an appeals court. A lower court had ruled that combining the nation's two largest health insurers would hurt competition and lead to higher healthcare costs. Eleven individual states as well as the Department of Justice have already rejected the proposed merger.


During the first quarter of 2017, the gross domestic product grew at a mere 0.7% annual rate. The pace of expansion was the weakest in three years. Economists had expected the nation's economy to increase by a much stronger 1.2%. The weakness was attributed to a sharp drop in business inventory investment and stagnant consumer spending.


In the broad market, declining issues outpaced advancers by more than a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index lost 3 points to 2,384. Bitcoin plunged $25 to $1295.


The markets opened mixed with the Dow losing 20 points to 20,960 while Nasdaq rose 8 points to 6,056 as the nation's economy expanded at a less than expected annualized rate of 0.7% in the first quarter.


On the upside


Sarepta (Nasdaq: SRPT) swung to a better than expected profit for the first quarter.


Align Technology (Nasdaq: ALGN) impressed with sharply higher first quarter earnings and revenue that topped analyst estimates.


Cerner (Nasdaq: CERN) reported higher first quarter earnings and revenue that beat expectations.


On the downside


FuelCell Energy (Nasdaq: FCEL) priced its public offering of common stock and warrants at the discounted price of $1.28 per unit.


Athenahealth (Nasdaq: ATHN) widened losses for the first quarter.

 

Gigamon (NYSE: GIMO) fell to a loss for the first quarter.


In the broad market, declining issues outpaced advancers by more than a margin of 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index held steady at 2,388. Bitcoin fell $14 to $1306.


A greater than expected increase in first time applications for unemployment benefits tempered enthusiasm for upbeat earnings new. The markets closed in positive territory with the Dow adding 6 points to 20,981. Nasdaq gained 23 points to 6,048.


On the upside


Shares of Floor & Decor Holdings (NYSE: FND) surged in its market debut.


Medical Transcription Billing (Nasdaq: MTBC) signed two new clients that together will generate more than $1 million in recurring annual revenues beginning in the third quarter 2017.


Ultra Clean Holdings (Nasdaq: UCTT) reversed year ago losses to post a stronger than expected profit for the first quarter.


On the downside


CARBO Ceramics (NYSE: CRR) widened first quarter losses more than expected.


KapStone Paper and Packaging (NYSE: KS) disappointed with sharply lower first quarter earnings that fell short of expectations.

 

First quarter earnings and revenue dropped for FTI Consulting (NYSE: FCN) to miss analyst estimates.


In the broad market, advancing issues were on par with decliners while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,388. Bitcoin soared $34 to $1316.


The markets traded mixed during the midday with the Dow losing 12 points to 20,962. Nasdaq gained 16 points to 6,041.


Technology news site Recode reported that Apple is working on a money transfer service to compete with PayPal's Venmo and Square's Square Cash. People will be able to use the new service on their iPhones to send digital money to other iPhones. At this time, there is no launch date for the new service.


Amazon introduced its new Echo Look Camera and Style Assistant that is available for $199 to those who have been specially invited to try the new device. After taking photos and videos of a user, the Echo Look will offer style advice. Photos of outfits can be saved to a personal lookbook for future reference.


In yet another reversal to a campaign promise, President Donald Trump said that the United States would renegotiate the North American Free Trade Agreement rather than terminate the trade deal. President Trump made the announcement hours after a senior administration official had already said that an executive order to withdraw from NAFTA was being considered. President Trump spoke by phone with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto before making his decision.


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 index eased a fraction to 2,386. Bitcoin soared $34 to $1316.


The markets opened modestly higher with the Dow rising 11 points to 20,986 as durable goods orders edged up 0.2% in March. Nasdaq gained 19 points to 6,044.


On the upside


Exact Sciences (Nasdaq: EXAS) narrowed first quarter losses more than expected as revenue surged.


First quarter earnings and revenue soared for GrubHub (NYSE: GRUB) to top analyst estimates.


Under Armour (NYSE: UAA) reported a smaller than expected loss for the first quarter.


On the downside


Synchronoss Technologies (Nasdaq: SNCR) cut its first quarter revenue outlook and announced the departure of chief executive officer Ronald Hovsepian and chief financial officer John Frederick.


Ocean Power Technologies (Nasdaq: OPTT) priced its public offering of 5.385 million common shares at the discounted price of $1.30 per share.

 

Pacific Biosciences (Nasdaq: PACB) widened first quarter losses more than expected.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index added a point to 2,389. Bitcoin soared $30 to $1312.


Uncertainty over the lack of details from the Trump administration's tax cut plan weighed the markets down to a lower close with the Dow losing 21 points to 20,975. Nasdaq held steady at 6,025.


On the upside


iRobot (Nasdaq: IRBT) reported higher first quarter earnings and revenue.


Sonus Networks (Nasdaq: SONS) reported a smaller than expected loss for the first quarter.


Fiat Chrysler (NYSE: FCAU) reported higher first quarter earnings and revenue that surpassed analyst expectations.


On the downside


Flexion Therapeutics (Nasdaq: FLXN) will offer $125 million principal amount of convertible senior notes.


Concerns about weakening demand for fiber-optic components in China weighed down shares of Oclaro (Nasdaq: OCLR).

 

Natus Medical (Nasdaq: BABY) disappointed with sharply lower first quarter earnings that missed expectations.


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 3 on Nasdaq. The broader S&P 500 index slipped a point to 2,387. Bitcoin climbed $16 to $1281.


The markets traded higher during the midday with the Dow gaining 52 points to 21,048. Nasdaq added 5 points to 6,030.


The Trump administration is scheduled to unveil its tax plan today. The tax rate for all types of companies from big corporations to pass-through businesses are expected to be slashed from a high of 39.6% to 15% which would reduce federal revenue by approximately $400 billion a year. Individual tax rates are not expected to be cut.


Tesla's Model S sedan was the first product to ever receive a perfect score from Consumer Reports when the luxury electric performance vehicle was reviewed in 2015. The magazine just lowered the ratings of both the Model S and the Model X crossover citing Tesla's failure to add automatic emergency braking as a safety feature. Tesla said that it is updating the software of all vehicles to include automatic emergency braking.


Google introduced a new feature to Google Maps that will save the location of a user's parked car. After parking, the user taps the blue dot in Google Maps that identifies their location. Then, the user taps "Save your parking" to save the location in Google Maps. Notes can be added to the saved locations such as the parking garage level or the amount of time on the parking meter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index rose 4 points to 2,393. Bitcoin climbed $26 to $1292.


The markets opened mixed with the Dow rising 23 points to 21,020 while Nasdaq eased a point to 6,023 as investors await details of President Donald Trump's tax cut plan.


On the upside


Twitter (NYSE: TWTR) reported better than expected results for the first quarter on impressive user growth.


North Atlantic Drilling (NYSE: NADL) amended the revolving credit facility that was provided by majority shareholders Seadrill (NYSE: SDRL).


Akebia Therapeutics (Nasdaq: AKBA) expanded its partnership with Otsuka Pharmaceutical on the anemia treatment vadadustat to Europe, China and other markets.


On the downside


U.S. Steel (NYSE: X) disappointed with an unexpected loss for the first quarter.


Third quarter revenue fell short of expectations for Seagate Technology (Nasdaq: STX).

 

Cree (Nasdaq: CREE) fell to a loss for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 2 points to 2,390. Bitcoin gained $13 to $1279.


Markets surge on strong earnings

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Investors welcomed strong earnings by sending the markets soaring to a sharply higher close with the Dow jumping 232 points to 20,996. Nasdaq climbed 41 points to 6,025 to top 6,000 for the first time.


On the upside


LSB Industries (NYSE: LXU) narrowed losses for the first quarter as revenue climbed.


Nord Anglia Education (NYSE: NORD) will be taken private by a consortium led by Canada Pension Plan Investment Board and Baring Private Equity Asia.


Wabash National (NYSE: WNC) reported better than expected results for the first quarter prompting the company to lift its full year forecast.


On the downside


NGL Energy Partners (NYSE: NGL) declared a reduced quarterly cash distribution and slashed its full year forecast.


Ryder System (NYSE: R) disappointed with lower first quarter earnings that fell short of expectations.

 

AK Steel (NYSE: AKS) swung to a profit for the first quarter but shipments fell.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 14 points to 2,388. Bitcoin gained $15 to $1263.


The markets extended its gains during the midday with the Dow rocketing 252 points to 21,016. Nasdaq soared 50 points to 6,034.


The Department of Commerce will begin collecting tariffs on softwood lumber shipments from Canada saying that the Canadian government has been subsidizing lumber producers. The tariffs will range between 3% to 20%. The National Association of Home Builders has criticized the tariffs and said that new home prices will rise as a result of the tariffs.


Google's self driving car unit Waymo will begin a public trial of its autonomous vehicles in Phoenix, Arizona. Approximately 500 Chrysler Pacifica minivans will be upgraded with Waymo's sensors and added to its current fleet of 100 self driving minivans. Applications are being taken from individuals who are interested in joining the passenger program.


After reporting a 1% drop in global soda sales for the first quarter, Coca-Cola announced additional plans to cut costs. Approximately 1,200 jobs will be eliminated to save the company up to $800 million. The beverage maker will reinvest about half of the $800 million saved to expand its non-carbonated drink business.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 17 points to 2,391. Bitcoin climbed $19 to $1267.


Markets soar on upbeat earnings

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Upbeat earnings sent the markets soaring to a sharply higher open with the Dow jumping 231 points to 20,995. Nasdaq climbed 36 points to 6,020.


On the upside


Catabasis Pharmaceuticals (Nasdaq: CATB) announced favorable results across multiple functional assessments in the MoveDMD trial for edasalonexent to treat Duchenne muscular dystrophy.


Supervalu (NYSE: SVU) reported sharply higher fourth quarter earnings that topped analyst estimates.


Capricorn Therapeutics (Nasdaq: CAPR) announced positive six month safety and efficacy results from a randomized Phase I/II HOPE clinical trial of CAP-1002 to treat Duchenne muscular dystrophy.


On the downside


Express Scripts (Nasdaq: ESRX) said that its largest client, Anthem, will not renew its contract when it expires at the end of 2019.


First quarter earnings for Barrick Gold (NYSE: ABX) fell short of expectations prompting the world's largest gold miner to cut its output outlook for its gold mine in Argentina.

 

ContraVir Pharmaceuticals (Nasdaq: CTRV) priced its public offering at the discounted price of $1.00 per unit.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index climbed 14 points to 2,388. Bitcoin gained $14 to $1262.


The markets welcomed French centrist candidate Emmanuel Macron's first round victory in the presidential elections this weekend. The markets closed sharply higher with the Dow surging 216 points to 20,763. Nasdaq leaped 73 points to 5,983.


On the upside


The European Medicines Agency granted orphan drug designation to PhaseRX (Nasdaq: PZRX) for its PRX-OTC to treat ornithine transcarbyamylase deficiency.


Deutsche Bank (NYSE: DB) hired two senior Healthcare Investment Bankers from BMO Capital Markets.


Shares of Rocket Fuel (Nasdaq: FUEL) surged on no news.


On the downside


ContraVir Pharmaceuticals (Nasdaq: CTRV) announced a proposed public offering of common stock and warrants.


Immune Pharmaceuticals (Nasdaq: IMNP) named Dr. Daniel Teper to lead the oncology business of its Cytovia subsidiary and to pursue a potential spin-off of Cytovia.

 

Investors locked in profits on Globus Maritime (Nasdaq: GLBS).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index jumped 25 points to 2,374. Bitcoin gained $9 to $1249.


Supreme Court rejects GM's appeal

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The markets surged during the midday with the Dow jumping 223 points to 20,771. Nasdaq soared 70 points to 5,981.


The U.S. Supreme Court rejected an appeal by General Motors to prevent lawsuits over its ignition switch defect. Faulty ignition switches that could have caused engines to stall and power to be cut from braking, air bag and steering systems have been linked to 124 deaths and 275 injuries. GM argued that its bankruptcy in 2009 prevented lawsuits against the automaker.


Tesla announced plans to double the number of charging stations for its electric vehicles over the next year. There are currently 5,400 Supercharger stations globally and 9,000 Destination Charging connectors that are located at hotels, malls and restaurants. Charging times differ depending on the capacity of the car battery.


Microsoft unveiled new artificial intelligence features to its Dynamics 365 sales software. The new capabilities will assess the business relationship of a sales person with a potential client by analyzing email exchanges and LinkedIn data and provide guidance to the sales person. Microsoft expects to expand its 4.3% share of the sales software market with the added features.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index soared 24 points to 2,373. Bitcoin rose $5 to $1245.


The first round French election win of centrist candidate Emmanuel Macron sent the markets soaring with the Dow leaping 224 points to 20,772. Nasdaq surged 69 points to 5,979.


On the upside


Ocean Power Technologies (Nasdaq: OPTT) deployed a PB3 PowerBuoy off the coast of Japan.


Real Goods Solar (NYSE: RGSE) provided an upbeat business update.


Becton Dickinson will acquire C.R. Bard (NYSE: BCR) in a cash and stock transaction valued at approximately $24 billion.


On the downside


RLJ Lodging Trust (NYSE: RLJ) will acquire FelCor Lodging Trust (NYSE: FCH) in an all stock transaction.


Shares of Ocwen Financial (NYSE: OCN) extended its losses.

 

The U.S. Supreme Court rejected an appeal by Chesapeake Energy (NYSE: CHK) to overturn a ruling to pay $438.7 million to bondholders.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index soared 24 points to 2,373. Bitcoin added $2 to $1243.


A drop in crude oil prices weighed the markets down to a lower close with the Dow falling 30 points to 20,547. Nasdaq lost 6 points to 5,910.


On the upside


Briggs & Stratton (NYSE: BGG) reported higher third quarter earnings that topped analyst estimates and the company declared a quarterly cash dividend of 14 cents per common share payable on June 30, 2017 to shareholders of record June 16, 2017.


Shares of Akari Therapeutics (Nasdaq: AKTX) surged on no news.


CAI International (NYSE: CAI) reported better than expected earnings for the first quarter.


On the downside


First quarter revenue slipped for Electronics for Imaging (Nasdaq: EFII).


Aevi Genomic Medicine (Nasdaq: GNMX) presented new data from the SAGA trial of AEVI-001 at the 6th World Congress on ADHD.

 

Shares of MannKind (Nasdaq: MNKD) fell for the seventh day.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index fell 7 points to 2,348. Bitcoin edged up to $1239.


3-years probation for Volkswagen

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The markets turned negative during the midday with the Dow dropping 63 points to 20,515. Nasdaq fell 16 points to 5,900.


Volkswagen was sentenced to three years probation and independent oversight for its diesel emissions scandal. A $2.8 billion criminal penalty was also imposed on the German automaker. The penalty is on top of $1.5 billion that Volkswagen agreed to pay to settle civil claims filed by the Environmental Protection Agency and U.S. Customs.


Google Home introduced a new multiuser feature that can recognize up to six different people's voices. Google Home will use each person's account to provide individual commute times, playlists and calendars. The new feature is available on the latest version of the Google Home app.


Struggling women's apparel retailer Bebe Stores will close all of its locations by the end of May. The company had announced plans last month to explore strategic alternatives in order to avoid filing for bankruptcy. Liquidator Tiger Capital Group will sell all of Bebe's inventory.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index fell 10 points to 2,345. Bitcoin gained $7 to $1237.


The markets opened flat with the Dow adding 3 points to 20,582 as crude oil prices edged down. Nasdaq held steady at 5,916.


On the upside


China Digital TV Holding (NYSE: STV) declared a special cash dividend of $1.50 per share of common stock.


Aurinia Pharmaceuticals (Nasdaq: AUPH) announced additional 48-week data from its Phase IIb AURA-LV study in lupus nephritis.


Proofpoint (Nasdaq: PFPT) narrowed first quarter losses more than expected.


On the downside


Mattel (Nasdaq: MAT) widened first quarter losses more than expected as revenue fell.


The European Medicines Agency issued a negative "trend" vote for XBiotech's (Nasdaq: XBIT) marketing authorization application for its candidate antibody for the treatment of colorectal cancer.

 

Adamis Pharmaceuticals (Nasdaq: ADMP) priced its public offering of approximately 4.285 million common shares at the discounted $3.50 per share.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,353. Bitcoin gained $8 to $1237.


Markets surge on upbeat earnings

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Upbeat earnings boosted the markets to a sharply higher close with the Dow surging 174 points to 20,578. Nasdaq climbed 53 points to 5,916.


On the upside


MicroVision (Nasdaq: MVIS) will develop a Laser Beam Scanning display system for a major technology company.


SunCoke Energy (NYSE: SXC) reversed year ago losses to post a profit for the first quarter.


Datawatch (Nasdaq: DWCH) narrowed losses for the second quarter as revenue climbed.


On the downside


The Consumer Financial Protection Bureau sued Owen Financial (NYSE: OCN) alleging that the mortgage company engaged in systemic misconduct that caused widespread errors which resulted in some clients losing their homes.


Sarissa Capital said that Innoviva (Nasdaq: INVA) reneged on a proxy settlement.

 

Proofpoint (Nasdaq: PFPT) reported a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 17 points to 2,355. Bitcoin soared $30 to $1236.


Venezuela seizes GM plant

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The markets advanced during the midday with the Dow leaping 162 points to 20,566. Nasdaq climbed 50 points to 5,913.


Authorities in Venezuela seized a General Motors plant prompting the automaker to halt all production in the South American nation. GM characterized the actions as an "illegal judicial seizure of its assets." High crime rates and a lack of basic goods and services have sparked public protests against the increasingly autocratic government.


Saudi Arabian energy minister Khalid al-Falih indicated that oil production cuts that were implemented in January may continue. The production reduction agreement between the Organization of the Petroleum Exporting Countries and non-OPEC was an effort to boost oil prices that had tumbled amidst an inventory glut. The six month experiment to curb production lifted oil prices from below $30 per barrel last year to $50 per barrel today.


Intercontinental Hotels Group admitted that more than 1,200 of its locations experienced data breaches between September 29, 2016 and December 29, 2016. The hotel operator originally reported malware infections at a dozen of its Holiday Inn sites. An investigation revealed that the Candlewood Suites, Crown Plaza, Holiday Inn, Hotel Indigo and Staybridge Suites brands all had customer credit and debit card information stolen.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 16 points to 2,354. Bitcoin climbed $30 to $1234.


Despite an uptick in jobless claims, the markets opened higher with the Dow climbing 81 points to 20,485 as investors focused on earnings. Nasdaq gained 26 points to 5,889.


On the upside


Immune Pharmaceuticals (Nasdaq: IMNP) signed a letter of intent with Pint Pharma to negotiate an exclusive license by Pint for the rights to commercialize Ceplene in Latin America.


KCG Holdings (NYSE: KCG) will be acquired by Virtu Financial (Nasdaq: VIRT) in an all cash transaction valued at approximately $1.4 billion.


Select Comfort (Nasdaq: SCSS) reported sharply higher first quarter earnings that topped analyst estimates and lifted its full year forecast.


On the downside


Whitestone REIT (NYSE: WSR) will pay approximately $204.6 million to acquire retail centers Eldorado Plaza and BLVD Place and announced a public offering of 8.1 million common shares.


Mednax (NYSE: MD) reported lower preliminary first quarter earnings that fell short of expectations.

 

The Kansas Corporation Commission rejected the proposed merger between Great Plains Energy (NYSE: GXP) and Westar Energy (NYSE: WR).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index rose 8 points to 2,346. Bitcoin climbed $18 to $1222.


The markets closed mixed with the Dow plummeting 118 points to 20,404 as crude oil prices fell. Nasdaq added 13 points to 5,863.


On the upside


Shares of Cleveland BioLabs (Nasdaq: CBLI) extended its gains.


Vasuda Healthcare Analytics initiated coverage of NewLink Genetics (Nasdaq: NLNK) with a Buy rating and a $24 price target.


CalAmp (Nasdaq: CAMP) fell to a loss for the fourth quarter but revenue climbed.


On the downside


Diana Shipping (NYSE: DSX) will offer $70 million worth of common stock.


Concerns about the slowing Chinese economy weighed down shares of Finisar (Nasdaq: FNSR).

 

Bloomberg reported that the Federal Trade Commission may file suit to block the merger between Rite Aid (NYSE: RAD) and Walgreens Boots Alliance (Nasdaq: WBA).


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 index lost 4 points to 2,338. Bitcoin added $1 to $1207.


Snapchat introduces World Lenses

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The markets traded mixed during the midday with the Dow falling 58 points to 20,464. Nasdaq gained 32 points to 5,881.


Snapchat introduced its new World Lenses augmented reality elements. The new option is part of the Lenses feature that allows users to enhance their photos with special effects. With World Lenses, users can add three dimensional objects such as rainbows, clouds and words to personalize their pictures.


CVS has redesigned approximately 800 of its stores to feature healthier foods and products. Less shelf space is devoted to junk food and candy displays have been moved from the front of stores to the back. Sales at the healthy living stores have climbed an average of 2.5% prompting the retailer to hasten the conversion of traditional stores.


Facebook launched the beta version of its Delegated Account Recovery at its F8 developer conference. Users who forget their passwords to any website can use Delegated Account Recovery to access their app or account. Delegated Account Recovery has multiple security features to guard against fraudulent activity.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index added 3 points to 2,345. Bitcoin rose $2 to $1208.


Mixed open over earnings

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The markets opened mixed with the Dow losing 25 points to 20,498 while Nasdaq gained 33 points to 5,882 as investors monitored earnings news.


On the upside


Soligenix (Nasdaq: SNGS) will present results from its ricin toxin vaccine development program at the 20th Annual Conference on Vaccine Research on April 25.


Ultragenyx Pharmaceutical (Nasdaq: RARE) reported positive results from a Phase 3 study of burosumab to treat X-linked hypophosphatemia.


Lam Research (Nasdaq: LRCX) reported sharply higher third quarter earnings that beat analyst expectations.


On the downside


Sunshine Heart (Nasdaq: SSH) priced its public offering of common stocks and warrants at the discounted price of $1.00 per unit.


International Business Machines (NYSE: IBM) disappointed with lower fourth quarter revenue that fell short of expectations.

 

Investors locked in profits on Interpace Diagnostics Group (Nasdaq: IDXG).


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index gained 6 points to 2,348. Bitcoin held steady at $1206.


Markets plunge over economic data

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A sharp 6.8% drop in housing starts along with a 0.4 dip in manufacturing production weighed the markets down to a lower close with the Dow plunging 113 points to 20,523. Nasdaq slipped 7 points to 5,849.


On the upside


Piper Jaffray upgraded Stratasys (Nasdaq: SSYS) from a Neutral rating to an Overweight rating.


Shares of tire maker Titan International (NYSE: TWI) climbed after the Department of Commerce found that China had increased the subsidies that it provided to Chinese Off-the-Road tire producers in 2014-2015 and that tire producers continued to dump their products in the U.S.


XOMA (Nasdaq: XOMA) presented positive data from preclinical studies of its anti-PTH1R antagonist monoclonal antibody.


On the downside


Rumors circulated that Power Solutions International (Nasdaq: PSIX) would be delisted from Nasdaq.


Barracuda Networks (NYSE: CUDA) reported flat fourth quarter earnings and forecast full year results below expectations.

 

Shares of Adeptus Health (NYSE: ADPT) fell for the second day in a row.


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 index lost 6 points to 2,342. Bitcoin leaped $19 to $1206.


The market extended its losses during the midday with the Dow plummeting 121 points to 20,515. Nasdaq fell 13 points to 5,842.


Starbucks announced a limited edition Unicorn Frappuccino that will be available between April 19 through April 23 in participating stores nationwide. The blended drink mixes a sweet pink powder into a cream Frappuccino base with mango syrup. Next, a sour blue powder is layered over the base. Finally, whipped cream is piped on top followed by a sprinkling of sweet pink and sour blue powder.


A potential strike at its German Grohmann Engineering robotics manufacturing facility threatened to derail Tesla's production plans for its first mass market Model 3 electric vehicle. The IG Metall union claims that workers at the Tesla subsidiary are paid 30% below union wages. Tesla has denied the allegations and has reassured investors that production of the Model 3 is progressing on schedule.


Volkswagen introduced its I.D. Crozz electric crossover SUV at Auto Shanghai 2017. The zero emission vehicle will have a range of up to 311 miles on a single charge and comes with a 302 horsepower engine. Self-driving technology will be incorporated into the I.D. Crozz with a retracting steering wheel for autonomous mode.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index fell 7 points to 2,341. Bitcoin soared $22 to $1211.


Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plunging 102 points to 20,534. Nasdaq fell 17 points to 5,839.


On the upside


UnitedHealthcare will cover Interspace Diagnostics Group's (Nasdaq: IDXG) ThyraMIR to assess indeterminate thyroid nodule fine needle aspirate biopsies.


GNC Holdings (NYSE: GNC) reported better than expected earnings for the first quarter.


Synovus Financial (NYSE: SNV) will acquire the assets and liabilities of Cabela's (NYSE: CAB) wholly owned subsidiary World's Foremost Bank.


On the downside


Arena Pharmaceuticals (Nasdaq: ARNA) priced its public offering of 60 million common shares at the discounted price of $1.15 per share.


Cardinal Health (NYSE: CAH) will pay approximately $6.1 billion to acquire certain Patient Monitoring & Recovery businesses from Medtronic (NYSE: MDT).

 

Investors locked in profits on Cleveland BioLabs (Nasdaq: CBLI).


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index fell 7 points to 2,341. Bitcoin leaped $20 to $1209.


The markets surged to a sharply higher close with the Dow jumping 183 points to 20,636 on bargain hunting. Nasdaq soared 51 points to 5,856.


On the upside


Ametek (NYSE: AME) will acquire Mocon (Nasdaq: MOCO) in a transaction valued at approximately $182 million.


The Food and Drug Administration has scheduled a New Drug Application for Puma Biotechnology's (Nasdaq: PBYI) neratinib for discussion by the Oncologic Drugs Advisory Committee on May 24, 2017.


Westport Fuel Systems (Nasdaq: WPRT) will sell the assets of its Auxiliary Power Unit businesses for $70 million.


On the downside


OncoMed Pharmaceuticals (Nasdaq: OMED) reported disappointing results from a Phase 2 PINNACLE clinical trial of tarextumab to treat extensive stage small cell lung cancer.


Profit taking weighed down shares of China Auto Logistics (Nasdaq: CALI).

 

Investors locked in profits on Adeptus Health (NYSE: ADPT).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index soared 20 points to 2,349. Bitcoin leaped $19 to $1197.


The markets extended its gains during the midday with the Dow soaring 124 points to 20,577. Nasdaq climbed 32 points to 5,837.


Electronic Arts announced that Star Wars Battlefront II, which will launch on November 17, will have a single player campaign that takes place between the Return of the Jedi and Star Wars: The Force Awakens movies. Users had complained that the original Star Wars Battlefront only offered multiplayer battles. Battlefront II will also introduce multiplayer combat in space.


The California Department of Motor Vehicles approved Apple's application to test autonomous cars in the state. The permit will allow Apple to use its self driving technology in three 2015 Lexus RX540h vehicles. Apple joins the ranks of Tesla, Google, BMW, Ford and twenty five other companies that are officially testing autonomous vehicles in the nation's most populous state.


In what may be a first for Harley-Davidson, the motorcycle maker offered rebates to dealers in the U.S. on year model 2016 motorcycles. With slowing demand and backlog of inventory, the 114-year old company offered  up to $1,000 per motorcycle in order to move models from last year. Even with the incentives, analysts expect first quarter sales to drop between 15% to 20% from last year.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,342. Bitcoin soared $16 to $1195.


Higher open on bargain hunting

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The markets opened higher with the Dow climbing 91 points to 20,544 after last week's sharp losses as investors snapped up bargains. Nasdaq gained 28 points to 5,833.


On the upside


Abbott (NYSE: ABT) amended its agreement to acquire Alere (NYSE: ALR) for a reduced price of $5.3 billion.


The European Medicines Agency accepted Cleveland BioLabs' (Nasdaq: CBLI) pediatric investigation plan.


HTG Molecular Diagnostics (Nasdaq: HTGM) entered into a research agreement with Centre Leon Berard for molecular profiling studies and entered into a master services agreement with Daiichi Sankyo for work to be performed in HTG's VERI/O laboratory.


On the downside


Snyder's-Lance (Nasdaq: LNCE) announced the retirement of president and chief executive Carl E. Lee and forecast disappointing results.


The Food and Drug Administration issued a Complete Response Letter to Eli Lilly & Co. (NYSE: LLY) and Incyte (Nasdaq: INCY) for their moderate-to-severe rheumatoid arthritis treatment.

 

Vince Holding (NYSE: VNCE) will delay the release of its fourth quarter and full year financials.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index climbed 10 points to 2,339. Bitcoin lost $2 to $1176.


U.S. markets closed

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U.S, markets are closed for Good Friday.

The markets tumbled to close sharply lower with the Dow plunging 138 points to 20,453 after the U.S. military dropped the most massive bomb in Afghanistan. Nasdaq fell 31 points to 5,805.


On the upside


Shares of Yext (NYSE: YEXT) surged in its market debut.


Zoetis (Nasdaq: ZTS) will acquire Nexvet Biopharma (Nasdaq: NVET) for a premium of approximately $85 million.


Tocagen (Nasdaq: TOCA) stock soared on its first trading day.


On the downside


Apogee Enterprises (Nasdaq: APOG) reported higher fourth quarter earnings but the results fell short of expectations


MoSys (Nasdaq: MOSY) revised its operating plan to limit new product development and research and development activities.

 

Investors locked in profits on North Atlantic Drilling (NYSE: NADL).


In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index dropped 15 points to 2,328. Bitcoin plunged $42 to $1169.


Messenger boasts 1.2 billion users

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The markets retreated during the midday to trade lower with the Dow tumbling 71 points to 20,520. Nasdaq lost 12 points to 5,823. 


Facebook's Messenger app now boasts 1.2 billion active users every month. The number of monthly users is on par with WhatsApp and double that of Instagram. Facebook recently added new features to Messenger such as group video calling, digital diary sharing and photo effects such as frames, masks, and stickers.


Banks began releasing first quarter earnings this morning with Wells Fargo reporting flat profits while the earnings of both Citigroup and JPMorgan Chase climbed. Still reeling from a fake accounts scandal that will cost the bank $185 million in penalties, Wells Fargo reported a sharp 25% drop in mortgage banking income. Increased trading activity boosted results for JPMorgan Chase and Citigroup to top analyst estimates.


Samsung's Galaxy S8 will launch in the U.S. on April 21 without the English version of the Bixby virtual assistant. No reason was given for the delay. English Bixby is expected to be ready in the spring. The Korean version of Bixby will be available when the S8 is released. 


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index fell 7 points to 2,337. Bitcoin plunged $47 to $1163.


An unexpected drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow rising 7 points to 20,599. Nasdaq gained 15 points to 5,851. 


On the upside


Ocera Therapeutics (Nasdaq: OCRX) will present data from a preclinical study of ornithine phenylacetate in a poster session at The International Liver Congress of the European Association for the Study of the Liver on Thursday, April 20, 2017.


Second Sight Medical Products' (Nasdaq: EYES) Argus II Retinal Prosthesis System was implanted in the first patient in Asia.


Applied Optoelectronics (Nasdaq: AAOI) reported preliminary first quarter earnings and revenue that surpassed estimates.


On the downside


Sorrento Therapeutics (Nasdaq: SRNE) announced a public offering of common stock.


Fourth quarter revenue fell for Pier 1 Imports (NYSE: PIR) and the retailer warned of losses for the first quarter.

 

SkyPeople Fruit Juice (Nasdaq: SPU) announced a registered direct offering with institutional investors.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 8 to 5 on Nasdaq. The broader S&P 500 index added a point to 2,346. Bitcoin tumbled $23 to $1188.


Continued concerns about geopolitical developments sent the markets down to a lower close with the Dow dropping 59 points to 20,591. Nasdaq tumbled 30 points to 5,836. 


On the upside


The Food and Drug Administration approved Neurocrine Biosciences' (Nasdaq: NBIX) Ingrezza as the first and only treatment for adults with tardive dyskinesia.


DryShips (Nasdaq: DRYS) entered a one year contract for a grain house to use one of its 206,000 dwt Newcastlemax drybulk vessels.


China Techfaith Wireless Communication Technology (Nasdaq: CNTF) reported sharply higher earnings and revenue for the second half of 2016.


On the downside


WAVE Life Sciences (Nasdaq: WVE) priced its public offering of approximately 4.167 million common shares at the discounted price of $24.00 per share.


Shares of Netshoes (NYSE: NETS) fell on its first trading day.

 

ClubCorp (NYSE: MYCC) reported a loss for the first quarter, announced the retirement of chief executive Eric Affeldt, acquired the Oakhurst Golf & Country Club, and ended efforts to sell the company.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index fell 8 points to 2,344. Bitcoin dropped $8 to $1210.


The markets extended its losses during the mid with the Dow falling 38 points to 20,613. Nasdaq lost 20 points to 5,846. 


Wan-Mart announced new incentives to lure customers to their stores. Shoppers who order online will be given discounts if they pick-up their items at a brick and mortar store. The discount amount depends on the item. A large television may be discounted $50 while the price of an infant car seat may drop by $7.


In a preemptive move, Airbnb has signed formal tax agreements with eight domestic cities and counties, the state of Texas, and 31 French cities. Collection of taxes will begin in May and will be at the same rate as those that are paid by hotels. The online short-term rental marketplace struck the tax deals in order to legitimize their business model and address complaints from the hotel industry.


Uber's head of communications and policy Rachel Whetstone became the latest executive to depart the ride hailing service. Former Uber president Jeff Jones quit last month after less than a year in his position. Uber has been rocked by multiple controversies including allegations of sexual harassment and a lawsuit by Google parent Alphabet.


In the broad market, declining issues outpaced advancers 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 index fell 6 points to 2,347. Bitcoin lost $3 to $1216.


The markets opened lower with the Dow losing 24 points to 20,627 despite a 0.2% drop in March import prices as Secretary of State Rex Tillerson met with Russian Foreign Minister Sergey Lavrov. Nasdaq slipped 2 points to 5,864. 


On the upside


BlackBerry (Nasdaq: BBRY) was awarded $814.9 million in an arbitration dispute against Qualcomm (Nasdaq: QCOM).


North Atlantic Drilling (NYSE: NADL) won 10-year contracts for West Elara and West Linus.


Wexford Capital acquired an 8.54% stake in Adeptus Health (NYSE: ADPT).


On the downside


Investors locked in profits on Plug Power (Nasdaq: PLUG).


Longbow initiated coverage of U.S. Steel (NYSE: X) with a Buy rating but the stock price fell as iron ore prices tumbled.

 

Tractor Supply (Nasdaq: TSCO) reported a 2.2% drop in first quarter same store sales and warned that earnings would miss expectations.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped a point to 2,352. Bitcoin fell $5 to $1214.


Job openings rose in February but the markets closed modestly lower with the Dow slipping 6 points to 20,651 over geopolitical concerns. Nasdaq lost 14 points to 5,866. 


On the upside


WFM wrote that Payment Data Systems (Nasdaq: PYDS) has adopted a number of changes that to ensure long term profitability.


Windtree Therapeutics' (Nasdaq: WINT) AEROSURF Phase 2b independent Data Safety Monitoring Board completed its second and final interim safety review and has recommended that the trial continue without modification.


Wireless connectivity modules maker Wisol will use Sequans Communications' (NYSE: SQNS) Monarch LTE Cat M1/NB1 chip, Calliope LTE Cat 1 chipset, and Colibri LTE Cat 4 chipset to design a new family of modules for M2M and IoT applications.


On the downside


Avinger (Nasdaq: AVGR) warned of lower first quarter revenue, announced a 33% cut to its workforce, and initiated a review of strategic alternatives to improve shareholder value.


DryShips (Nasdaq: DRYS) will amend its revolving credit facility with Sifnos Shareholders.

 

Hub Group (Nasdaq: HUBG) forecast first quarter earnings that fell far short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index lost 3 points to 2,353. Bitcoin soared $20 to $1215.


Netflix tops streaming services

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The markets traded lower during the midday with the Dow losing 20 points to 20,637. Nasdaq fell 20 points to 5,860. 


In the battle to win streaming customers, Netflix is by far the leader in popularity. Media measurement and analytics firm comScore reported that of the 49 million homes that used some sort of "Over the Top" (OTT) service in December, 75% used Netflix at least once during the month. That's well ahead of second place YouTube which 53% of homes used at some point in December.


German bank Bankhaus Lampe said that Apple may replace chip supplier Dialog Semiconductor in the near future as Apple develops its own energy saving chip. Dialog, which makes power management chips for smartphones, has denied that there has been a change in its relationship with Apple.


McDonald's is recruiting for open positions through a new Snaplications campaign. Applicants use a McDonald's Snapchat filter and submit it along with a 10-second video message. The fast food giant will direct approved applicants to an online site to complete a more detailed application.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index fell 7 points to 2,349. Bitcoin soared $24 to $1220.


The markets opened lower with the Dow falling 55 points to 20,602 as Secretary of State Rex Tillerson arrived in Moscow to discuss the Syrian conflict. Nasdaq dropped 35 points to 5,845. 


On the upside


RetailMeNot (Nasdaq: SALE) will be acquired by Harland Clarke Holdings for a premium of $11.60 per share in cash.


Tonix Pharmaceuticals (Nasdaq: TNXP) received the official minutes from its Initial Cross-Disciplinary Breakthrough Meeting with the Food and Drug Administration.


Catalyst Biosciences (Nasdaq: CBIO) achieved a key milestone to advance the Factor IX program towards its first human clinical trial and received a milestone payment.


On the downside


Cytori Therapeutics (Nasdaq: CYTX) priced its public offering of 8.6 million common shares at the discounted price of $1.10 per share.


The Securities and Exchange Commission secretly recorded AmTrust Financial Services (Nasdaq: AFSI) employees during an investigation into the insurer's accounting practices.

 

Shares of United Continental (NYSE: UAL) tumbled after a video of a passenger being forcibly removed from a flight went viral.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index dropped 10 points to 2,347. Bitcoin climbed $15 to $1210.


The markets closed flat with the Dow adding a point to 20,658 as investors monitored geopolitical developments. Nasdaq rose 3 points to 5,880. 


On the upside


Axovant Sciences (NYSE: AXON) named David Hung, MD to the position of chief executive officer.


Everi Holdings (NYSE: EVRI) is seeking to refinance its outstanding $335 million senior secured notes and its existing first lien term loan.


SunPower (Nasdaq: SPWR) began construction of an 8.79 megawatt solar system at Toyota Motor North America's new headquarters in Plano, Texas.


On the downside


The New York State Department of Environmental Conservation denied a request by National Fuel Gas (NYSE: NFG) for a permits for its Northern Access Pipeline Project.


Profit taking weighed down shares of China Commercial Credit (Nasdaq: CCCR).

 

Zacks Investment Research downgraded United Natural Foods (Nasdaq: UNFI) from a Hold rating to a Sell rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,357. Bitcoin fell $5 to $1196.


The markets traded higher during the midday with the Dow gaining 44 points to 20,700. Nasdaq rose 15 points to 5,892. 


The Wells Fargo Board of Directors completed its six month investigation into the fake accounts scandal that prompted the firing of 5,300 employees last year. The report said that there were abundant warning signs about the illegal behavior but the bank was failed to address the problem and protect their clients. An additional $75 million will be clawed back from the two executives who have been held accountable for the scandal, former chief executive John G. Stumpf and former head of community banking Carrie L. Tolstedt.


The Department of Labor has accused Google of underpaying women for positions that are comparable to jobs held by men. Google denied the allegations saying that the technology company performs an annual analysis of compensation practices and has found no disparities in pay. The government investigation into Google's pay practices began after a lawsuit was filed to prevent Google from working for the federal government until an employee compensation audit was completed.


Ford Motor introduced its new Ford Police Responder Hybrid Sedan that boasts 38 miles per gallon. The vehicle will be tested by the Los Angeles Sheriff's Department and the Michigan State Police to qualify as "pursuit rated." Ford claims that each car will save police departments approximately $3,900 in fuel expenses ever year.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index gained 6 points to 2,361. Bitcoin fell $6 to $1196.


The markets opened higher with the Dow climbing 79 points to 20,735 as crude oil prices rose. Nasdaq gained 23 points to 5,901. 


On the upside


The Food and Drug Administration approved Cytori Therapeutics' (Nasdaq: CYTX) Investigational Device Exemption for a pilot clinical trial to evaluate Cytori Cell Therapy in patients with thermal burn injury.


Swift Transportation (NYSE: SWFT) will merge with Knight Transportation (NYSE KNX) in an all stock transaction valued at approximately $6 billion.


Janssen Research and Development completed the second internal data reviews of Geron's (Nasdaq: GERN) Merge and IMbark clinical trials of the telomerase inhibitor imetelstat in lower risk myelodysplastic syndromes and relapsed or refractory myelofibrosis.


On the downside


OncoMed Pharmaceuticals (Nasdaq: OMED) reported disappointing results from a Phase 2 YOSEMITE clinical trial of demcizumab to treat pancreatic cancer. Also, Bayer Pharma terminated its option to license vantictumab and ipafricept from OncoMed.


Market Realist expects analysts to downgrade AK Steel (NYSE: AKS) after the company reports first quarter results on April 24.

 

Intrawest Resorts Holdings (NYSE: SNOW) will be acquired by affiliates of Aspen Skiing and KSL Capital Partners for $23.75 per share in cash.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 index gained 7 points to 2,363. Bitcoin added $1 to $1204.


Lower close as job growth slows

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The markets closed lower with the Dow slipping 6 points to 20,656 as job growth slowed in March. Nasdaq eased a point to 5,877. 


On the upside


Shares of China Commercial Credit (Nasdaq: CCCR) more than doubled on no news.


Shares of Okta (Nasdaq: OKTA) surged in its market debut.


Akorn (Nasdaq: AKRX) is engaged in discussions for a potential acquisition by Fresenius Kabi.


On the downside


Nxt-ID (Nasdaq: NXTD) provided an investors update.


Bellerophon Therapeutics (Nasdaq: BLPH) reported disappointing data during poster presentation at the 37th Annual Meeting for the International Society for Heart and Lung Transplantation.

 

Rocket Fuel (Nasdaq: FUEL) said that up to 70% of video impressions that were labelled as in-stream were misrepresented as in-banner.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancing issues edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index slipped a point to 2,355. Bitcoin lost $8 to $1177.


The markets opened lower with the Dow slipping 5 points to 20,657 after the U.S. launched missiles at a Syrian airfield. Nasdaq lost 7 points to 5,871. 


On the upside


Cleantech Solutions International (Nasdaq: CLNT) regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement.


Bargain hunters lifted shares of MannKind (Nasdaq: MNKD).


Aurinia Pharmaceuticals (Nasdaq: AUPH) announced details for a global Phase III AURORA trial.


On the downside


Catalyst Biosciences (Nasdaq: CBIO) priced its public offering of Class A and Class B units.


DryShips (Nasdaq: DRYS) announced a 1-for-4 reverse stock split that will take effect at market open on April 11, 2017.

 

Investors locked in profits on HTG Molecular (Nasdaq: HTGM).


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by 8 to 5 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,354. Bitcoin fell $4 to $1183.


The markets retreated from earlier highs to close modestly higher with the Dow rising 14 points to 20,662 as President Donald Trump meets with Chinese President Xi Jinping. Nasdaq gained 14 points to 5,878. 


On the upside


Bargain hunters lifted shares of HTG Molecular Diagnostics (Nasdaq: HTGM).


William Blair initiated coverage of Akari Therapeutics (Nasdaq: AKTX) with a Outperform rating.


Rodman & Renshaw upgraded Superconductor Technologies (Nasdaq: SCON) from a Neutral rating to a Buy rating and a $3.00 price target.


On the downside


Profit taking weighed down shares of Plug Power (Nasdaq: PLUG).


Synacor (Nasdaq: SYNC) priced its public offering of 5.715 million common shares at the discounted price of $3.50 per share.

 

Infinity Pharmaceuticals (Nasdaq: INFI) fell for the sixth day.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by 7 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 2,357. Bitcoin leaped $50 to $1175.


A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 37 points to 20,686. Nasdaq rose 5 points to 5,869. 


On the upside


Nova Lifestyle (Nasdaq: NVFY) opened a new Digital Assets Cultural Hall facility to accommodate record new paying customers and student member sign-ups.


Sunoco (NYSE: SUN) will sell the majority of its convenience stores to 7-Eleven for approximately $3.3 billion in cash plus fuel, merchandise and other inventories.


L Brands (NYSE: LB) reported a 10% drop in March same store sales but the stock price climbed.


On the downside


Goldman Sachs initiated coverage of Advanced Micro Devices (Nasdaq: AMD) with a Sell rating and an $11 price target.


RDInvesting wrote that concerns are arising that Novavax (Nasdaq: NVAX) may shut down.

 

Investors locked in profits on China Auto Logistics (Nasdaq: CALI).


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index rose 3 points to 2,356. Bitcoin soared $35 to $1160.


Markets retreat on Fed minutes

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The markets retreated to close lower with the Dow falling 41 points to 20,648 after the Federal Reserve indicated that may change its bond investment policy. Nasdaq dropped 34 points to 5,864. 


On the upside


Innocoll Holdings (Nasdaq: INNL) will be acquired by Gurnet Point for a premium of up to approximately $290 million.


Shares of Peabody Energy (NYSE: BTU) surged after emerging from Chapter 11 bankruptcy protection on Monday.


The Greenbrier Companies (NYSE: GBX) reported better than expected earnings for the second quarter and entered a Memorandum of Understanding to provide Mitsubishi UFJ Lease & Finance with 6,000 new railcars.


On the downside


Shares of Top Ships (Nasdaq: TOPS) extended its losses.


Aralez Pharmaceuticals (Nasdaq: ARLZ) implemented a cost savings program that includes cutting its U.S. workforce by 32% and realigning certain financial resources.

 

Prescience Point Research Group said that Celadon Group (NYSE: CGI) was worthless.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index fell 7 points to 2,352. Bitcoin added $3 to $1127.


Strong private payroll job growth boosted the markets to a sharply higher open with the Dow leaping 173 points to 20,862. Nasdaq climbed 26 points to 5,925. 


On the upside


Plug Power (Nasdaq: PLUG) will provide its hydrogen fuel cell technology to select Amazon (Nasdaq: AMZN) fulfillment centers.


Panera Bread (Nasdaq: PNRA) will be taken private by JAB Holdings in an all cash transaction valued at approximately $7.5 billion.


Neothetics (Nasdaq: NEOT) received a patent for specific methods of using LIPO-202 and other agents for the reduction of fat accumulation.


On the downside


Unilife (Nasdaq: UNIS) warned that the company does not have sufficient liquidity to operate beyond April 7, 2017.


DryShips (Nasdaq: DRYS) extended its losses.

 

Investors locked in profits on Cyclacel Pharmaceuticals (Nasdaq: CYCC).


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 index soared 17 points to 2,377. Bitcoin fell $13 to $1122.


The nation's trade deficit fell in February to lift the markets to a higher close with the Dow gaining 39 points to 20,689. Nasdaq added 3 points to 5,898. 


On the upside


Cyclacel Pharmaceuticals (Nasdaq: CYCC) presented preclinical data outlining the potential therapeutic utility of CYC140 to treat esophageal cancer and acute leukemia.


AmTrust Financial Services (Nasdaq: AFSI) completed the restatement of financial statements for 2014 and 2015 and is now current on all Nasdaq Stock Market and NYSE listing requirements.


General Communication (Nasdaq: GNCMA) will be acquired by Liberty Interactive (Nasdaq: QVCA, QVCB, LVNTA, LVNTB).


On the downside


Acuity Brands (NYSE: AYI) reported second quarter earnings that fell short of expectations.


Corvus Pharmaceuticals (Nasdaq: CRVS) reported interim data from an ongoing Phase 1/1b study of CPI-444 to treat advanced cancers.

 

Peabody Energy (NYSE: BTU) emerged from Chapter 11 bankruptcy.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 7 to 5 on Nasdaq. The broader S&P 500 index added a point to 2,360. Bitcoin fell $12 to $1135.


The markets open mixed with the Dow rising 8 points to 20,658 while Nasdaq slipped 3 points to 5,891 as factory orders rose 1% in February. 


On the upside


Initial pre-clinical efficacy results of Benitec Biopharma's (Nasdaq: BNTC) OPMD program have been published in Nature Communications.


Paratek Pharmaceuticals (Nasdaq: PRTK) reported positive results from a Phase 3 study of omadacycline to treat community-acquired bacterial pneumonia.


Staples (Nasdaq: SPLS) is reportedly exploring a potential sale of the company.


On the downside


SeaDrill (NYSE: SDRL) warned that its restructuring plan will likely lead to a potential Chapter 11 bankruptcy.


Kate Spade & Co. (NYSE: KATE) needs more time to negotiate the terms of a possible sale to Coach (NYSE: COH).

 

Adeptus Health (NYSE: ADPT) has initiated conversations to extend its bridge loan maturity dates with Deerfield.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index lost 3 points to 2,355. Bitcoin dropped $14 to $1133.


The markets closed lower with the Dow losing 13 points to 20,650 as manufacturing activity expansion slowed in March. Nasdaq fell 17 points to 5,894. 


On the upside


Brainstorm Cell Therapeutics (Nasdaq: BCLI) stock extended its gains.


Wix.com (Nasdaq: WIX) climbed for the second day.


The European Patent Office issued a notice of Intent to Grant to Cellect Biotechnology (Nasdaq: APOP) for a patent covering a key method of treatment.


On the downside


Shares of Acorda Therapeutics (Nasdaq: ACOR) extended its losses.


Investors locked in profits on Hertz Global (NYSE: HTZ).

 

Orexigen Therapeutics (Nasdaq: OREX) stock fell for the third day.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index lost 3 points to 2,358. Bitcoin surged $52 to $1142.


The markets opened lower with the Dow losing 14 points to 20,648 after an explosion killed ten people in a St. Petersburg metro station. Nasdaq held steady at 5,911. 


On the upside


NovoCure (Nasdaq: NVCR) announced positive final results from a Phase 3 EF-14 trial adding Optune to standard temozolomide chemotherapy to treat newly diagnosed glioblastoma.


SteadyMed (Nasdaq: STDY) received a favorable ruling in the Inter Partes Review against a United Therapeutics patent.


Cyclacel Pharmaceuticals (Nasdaq: CYCC) reported upbeat preclinical data for CYC065 in inhibiting growth of lung cancer.


On the downside


DryShips (Nasdaq: DRYS) entered into a stock purchase agreement with Kalani Investments and entered into agreements to acquire six vessels for $268 million.


Investors locked in profits on Akari Therapeutics (Nasdaq: AKTX).

 

General Motors (NYSE: GM) reported a disappointing 2% increase in March sales.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,360. Bitcoin soared $33 to $1123.


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