July 2017 Archives

The markets closed mixed with the Dow gaining 60 points to 21,891 even as pending home sales climbed more than expected. Nasdaq dropped 26 points to 6,348.


On the upside


CDI (NYSE: CDI) will be taken private for a premium of $8.25 per share in cash by affiliates of AE Industrial Partners.


ServiceMaster (NYSE: SERV) impressed with sharply higher second quarter earnings prompting the company to lift its full year revenue forecast.


Second quarter earnings surged for Armstrong World Industries (NYSE: AWI) to beat expectations.

 

On the downside


Navigant Consulting (NYSE: NCI) disappointed with lower second quarter earnings that fell short of expectations.


InVivo Therapeutics (Nasdaq: NVIV) reported a third death in its INSPIRE study.

 

Intercept Pharmaceuticals (Nasdaq: ICPT) widened losses for the second quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 9 to 8 on the NYSE while decliners edged out advancers by more than 9 to 8 on Nasdaq. The broader S&P 500 slipped a point to 2,470. Bitcoin surged $70 to $2709.


The markets traded mixed during the midday with the Dow climbing 89 points to 21,919. Nasdaq fell 28 points to 6,346.


A proposed class action lawsuit has been filed against Wells Fargo alleging that the bank engaged in fraud. Wells Fargo has admitted to improperly charging customers for auto insurance that they did not request. Approximately 570,000 customers will be refunded the unauthorized charges.


Discovery Communications will pay approximately $11.9 billion in cash and stock to acquire Scripps Networks. Combining the two cable networks will provide better negotiating leverage for cable packages. Scripps' channels include HGTV, Food Network and Travel Channel while Discovery's channels include Discovery Channel, TLC and Animal Planet.


A district judge will allow users to pursue class action claims against Apple for intentionally disabling FaceTime on older iPhones. Plaintiffs have alleged that after developing a version of FaceTime for its iOS 7 operating system, Apple disabled FaceTime on earlier systems. While FaceTime is a fee service, plaintiffs claim that the value of their older phones dropped due to the loss of FaceTime.


In the broad market, advancing issues outpaced decliners by a margin of more 9 to 8 on the NYSE while decliners edged out advancers by more than 5 to 4 on Nasdaq. The broader S&P 500 held steady at 2,472. Bitcoin climbed $23 to $2662.


Higher open on upbeat earnings

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The markets opened higher with the Dow rising 33 points to 21,863 on upbeat earnings. Nasdaq gained 20 points to 6,394.


On the upside


Sohu.com (Nasdaq: SOHU) reported higher second quarter revenue that beat expectations.


Charter Communications (Nasdaq: CHTR) said that it was not interested in buying Sprint (NYSE: S).


Cliffs Natural Resources (NYSE: CLF) will offer $575 million in senior guaranteed notes.

 

On the downside


Barclays downgraded Hertz Global (NYSE: HTZ) from an Equal Weight rating to an Underweight rating.


Credit Suisse analyst Anita Soni downgraded Eldorado Gold (NYSE: EGO) from a Neutral rating to an Underperform rating and cut the price target from $3.25 to $2.40.

 

Clovis Oncology (Nasdaq: CLVS) entered a clinical collaboration agreement with Bristol-Myers Squibb (NYSE: BMY) but Clovis' stock price fell.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2,475. Bitcoin gained $17 to $2657.


The markets closed mixed with the Dow rising 33 points to 21,830 as total compensation edged up 0.5%in the second quarter. Nasdaq lost 7 points to 6,374.


On the upside


Boston Beer (NYSE: SAM) reported higher second quarter earnings and revenue that surpassed analyst expectations.


Aaron's (NYSE: AAN) acquired its largest franchisee SEI/Aaron's in an all cash deal valued at approximately $140 million.


ImmunoGen(Nasdaq: IMGN) narrowed second quarter losses more than expected as revenue surged.

 

On the downside


The Food and Drug Administration will adopt new regulations to lower the amount of nicotine in cigarettes sending shares of Altria Group (NYSE: MO) and British American Tobacco (NYSE: BTI) tumbling.


Longbow Research downgraded AK Steel (Nasdaq: AKS) from a Buy rating to a Neutral rating.

 

Eros International (NYSE: EROS) disappointed with lower fourth quarter earnings that fell far short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 8 on the NYSE while decliners edged out advancers by more than 9 to 8 on Nasdaq. The broader S&P 500 slipped 3 points to 2,472. Bitcoin climbed $45 to $2640.


The failure of the Republican held Senate to repeal the Affordable Care Act raised concerns about tax reform. The markets opened lower with the Dow losing 9 points to 21,787. Nasdaq dropped 32 points to 6,350.


On the upside


First Solar (Nasdaq: FSLR) reversed year ago losses to post a better than expected profit for the second quarter and lifted its full year forecast.


Second quarter earnings surged for Baidu (Nasdaq: BIDU).


Weatherford International (NYSE: WFT) narrowed losses for the second quarter.

 

On the downside


Starbucks (Nasdaq: SBUX) reported lower third quarter earnings and announced that it will close all Teavana stores.


NuVasive (Nasdaq: NUVA) disappointed with sharply lower second quarter earnings and announced the departure of president and chief operating officer Jason Hannon and chief financial officer Quentin Blackford.

 

Second quarter earnings and revenue dropped for Goodyear Tire & Rubber (Nasdaq: GT) prompting the company slash its full year forecast.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 fell 6 points to 2,469. Bitcoin soared $64 to $2659.


The markets closed mixed with the Dow climbing 85 points to 21,796 as durable goods orders rose last month while core capital goods orders slipped. Nasdaq dropped 40 points to 6,382.


On the upside


LivePerson (Nasdaq: LPSN) reported better than expected revenue for the second quarter and lifted its full year forecast.


Pershing Square Capital Management acquired a stake in Automatic Data Processing (Nasdaq: ADP).


Verizon (NYSE: VZ) reported higher second quarter earnings as it added 614,000 monthly subscribers.

 

On the downside


QEP Resources (NYSE: QEP) reported a loss for the second quarter and announced plans to pay approximately $732 million to acquire oil and gas assets n the Permian Basin.


Community Health Systems (NYSE: CYH) warned of losses for the second quarter.

 

Second quarter earnings for Buffalo Wild Wings (Nasdaq: BWLD) fell far short of analyst expectations as same store sales dropped prompting the casual restaurant chain to slash its full year outlook.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 2,475. Bitcoin surged $55 to $2556.


Strong earnings lift markets

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Strong earnings lifted the markets to a higher open with the Dow adding 6 points to 21,717. Nasdaq climbed 37 points to 6,459.


On the upside


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


ShoreTel (Nasdaq: SHOR) will be acquired by Mitel (Nasdaq: MITL) in an all-cash transaction valued at approximately $530 million.


Brookfield Business Partners will pay approximately $750 million to acquire 60% of Teekay Offshore Partners (NYSE: TOO), which is a subsidiary of Teekay (NYSE: TK).

 

On the downside


Twitter (NYSE: TWTR) disappointed with flat monthly active users quarter over quarter.


AstraZeneca (NYSE: AZN) reported disappointing results from its Mystic study combining two immunotherapies to treat lung cancer.

 

Spirit Airlines (Nasdaq: SAVE) reported higher cost per available seat mile in the second quarter.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers edged out decliners by nearly 9 to 8 on Nasdaq. The broader S&P 500 gained 5 points to 2,482. Bitcoin soared $51 to $2553.


It was a sharply higher close for the markets with the Dow gaining 97 points to 21,711 on strong earnings and upbeat new home sales. Nasdaq rose 10 points to 6,422.


On the upside


Boeing (NYSE: BA) reversed year ago losses to post a stronger than expected profit for the second quarter prompting the company to lift its full year forecast.


Brink's (NYSE: BCO) reported higher second quarter earnings and revenue.


Second quarter same store sales climbed 1.3% for Smart & Final Stores (Nasdaq: SFS).

 

On the downside


Triumph Group (NYSE: TGI) disappointed with first quarter earnings and revenue that fell far short of expectations.


The Food and Drug Administration rejected Eagle Pharmaceuticals' (Nasdaq: EGRX) heat stroke treatment Ryanodex.

 

Mizuho Securities downgraded Amedisys (Nasdaq: AMED) from a Buy rating to a Neutral rating.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners edged out advancers by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,477. Bitcoin dropped $35 to $2521.


Amazon to hire 50,000 workers

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The markets extended its gains during the midday with the Dow soaring 107 points to 21,720. Nasdaq rose 7 points to 6,419.


Amazon plans to hire more than 50,000 workers across the nation to staff its fulfillment centers. Most of the positions will be full-time offering competitive pay along with health insurance, disability insurance, retirement savings plans and company stock. Ten of the shipping centers will host an Amazon Jobs Day hiring event on Wednesday, August 2.


Britain will no longer allow the sale of new gas and diesel cars beginning in 2040 as part of a comprehensive plan to combat air pollution. France and Norway have already pledged to ban internal combustion engine cars. Britain also announced that up to $326 million will be made available to local governments to reduce pollution.


Coca-Cola will replace Coke Zero with a reinvented, sugar-free Coke Zero Sugar in the United States next month. The beverage company has been developing Coke Zero Sugar for over five years and has been selling the product in overseas markets. Sales in Europe, Latin America, Middle East and Africa surged in the second quarter. 


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 8 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 2,479. Bitcoin tumbled $40 to $2515.


New home sales rose in June to lift the markets to a higher open with the Dow climbing 77 points to 21,690. Nasdaq gained 13 points to 6,425.


On the upside


U.S. Steel (NYSE: X) reported second quarter earnings that surpassed analyst expectations by a wide margin.


iRobot (Nasdaq: IRBT) lifted its full year earnings outlook on strong Amazon Prime Day sales.


Tetraphase Pharmaceuticals (Nasdaq: TTPH) reported positive results from a Phase 3 clinical trial of eravacycline.

 

On the downside


Akamai Technologies (Nasdaq: AKAM) reported lower second quarter earnings and forecast current quarter results below expectations.


Wynn Resorts (Nasdaq: WYNN) reported a 9% drop to its walk-in business at Wynn Macau.

 

LSB Industries (NYSE: LXU) will no longer pursue a sale of the company.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE while advancers edged out decliners by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,479. Bitcoin dropped $29 to $2526.


Strong gain in consumer confidence boosted the markets to a higher close with the Dow soaring 100 points to 21,613. Nasdaq added a point to 6,412.


Michael Kors will acquire Jimmy Choo for approximately $1.2 billion in order to expand its international presence. The American luxury brand has experienced declining sales for the past few years and is closing between 100 to 125 stores. British luxury shoemaker Jimmy Choo reported a 0.8% slip in same store sales in 2016.


The Conference Board reported a sharp gain to its consumer confidence index in July to 121.1 from a reading of 117.3 last month. The July reading is the second highest in 16 years and is attributed to the strong labor market. But, fewer consumers expect their incomes to improve.


The Federal Communications Commission invited internet service providers and technology companies such as AT&T, Facebook and Verizon to testify at a hearing about net neutrality. Current rules prevent providers from throttling access either by slowing websites or speeding sites that are willing to pay a fee. The FCC may reverse net neutrality regulations.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 gained 7 points to 2,477. Bitcoin plunged $144 to $2561.


Dow surges on upbeat earnings

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Upbeat earnings lifted the markets to a higher open with the Dow soaring 125 points to 21,638. Nasdaq slipped 3 points to 6,407.


On the upside


Freeport-McMoRan (NYSE: FCX) reversed year ago losses to post a profit for the second quarter.


Genocea Biosciences (Nasdaq: GNCA) reported positive top-line 12-month data for a Phase 2b clinical trial of it genital herpes treatment GEN-003.


AK Steel (NYSE: AKS) reported sharply higher earnings for the second quarter.

 

On the downside


Wabtec (NYSE: WAB) disappointed with lower second quarter earnings that fell short of expectations.


Second quarter earnings and revenue for Interpublic Group (NYSE: IPG) fell to miss expectations.

 

Seagate Technology (Nasdaq: STX) reported higher fourth quarter earnings but the results fell far short of analyst expectations.


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 gained 8 points to 2,477. Bitcoin plummeted $137 to $2567.


The markets closed mixed with the Dow dropping 66 points to 21,513 as June existing home sales fell amidst record prices. Nasdaq gained 23 points to 6,410.


On the upside


Shopify (NYSE: SHOP) announced the winners of its first BEASTMODE-A-Business competition, in partnership with Oakland Raiders running back Marshawn Lynch, theFam 1st Family Foundation, and Hingeto.


BidaskClub upgraded Axovant Sciences (NYSE: AXON) from a Hold rating to a Buy rating.


The Tesla (Nasdaq: TSLA) Model 3 delivery event is scheduled for Friday, July 28 at 7pm (PT).

 

On the downside


Shares of U.S. Silica Holdings (NYSE: SLCA) continued falling.


Second quarter earnings for Manpower Group (NYSE: MAN) fell short of expectations.

 

Halliburton (NYSE: HAL) warned that rig count growth in North America would flatten.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE while advancers edged out decliners by more than 9 to 8 on Nasdaq. The broader S&P 500 slipped 2 points to 2,469. Bitcoin rose $7 to $2705.


Bush Brothers recalls beans

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The markets traded mixed during the midday with the Dow dropping 40 points to 21,539. Nasdaq gained 19 points to 6,407.


Bush Brothers & Co. has voluntarily recalled cans of baked beans due to potentially defective cans. The recalled products are all 28-ounce sized cans of Bush's Best Brown Sugar Hickory, Bush's Best Country Style and Bush's Best Original. No illnesses have been reported.


Arby's announced a new Smoked Italian Porchetta Sandwich that will be available nationwide in August. Porchetta is a pork loin that is wrapped in skin-on pork belly. After smoking for eight hours, the porchetta is thinly sliced then topped with provolone, lettuce, tomato, red onion, banana peppers, red wine vinaigrette and garlic aioli.


Hibbett Sports launched its very first e-commerce site today. The sporting goods retailer had a website but the ability to make online purchases was never available. Same store sales at the company's brick and mortar stores have tumbled approximately 10% in the second quarter.


The broader S&P 500 eased a fraction to 2,471. Bitcoin slipped $1 to $2691


The markets opened flat with the Dow slipping 3 points to 21,577 as existing home sales fell in June. Nasdaq held steady at 6,387.


On the upside


Scientific Games (Nasdaq: SGMS) narrowed second quarter losses more than expected.


Goldman Sachs and RBC Capital Markets initiated coverage of Blue Apron (NYSE: APRN) with Buy ratings.


WebMD (Nasdaq: WBMD) will be acquire day KKR for a premium of approximately $2.8 billion in cash.

 

On the downside


Credit Suisse downgraded Chicago Bridge & Iron (NYSE: CBI) from an Outperform rating to a Neutral rating.


Second quarter revenue for Hasbro (Nasdaq: HAS) rose less than expected.

 

RPM International (NYSE: RPM) disappointed with fourth quarter earnings and revenue that fell short of expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,472. Bitcoin gained $19 to $2717.


Disappointing earnings weighed the markets down to a lower close with the Dow falling 31 points to 21,580. Nasdaq lost 2 points to 6,387.


On the upside


Wipro (NYSE: WIT) announced plans to repurchase 343.75 million shares of company stock.


Synchrony Financial (NYSE: SYF) reported higher second quarter earnings and revenue that topped expectations.


Shares of PetIQ (Nasdaq: PETQ) surged on its first trading day.

 

On the downside


Pernix Therapeutics (Nasdaq: PTX) warned of lower second quarter revenue.


Goldman Sachs downgraded Fairmount Santrol Holdings (Nasdaq: FMSA) from a Neutral rating to a Sell rating and slashed its price target from $11 to $2.

 

Manhattan Associates (Nasdaq: MANH) reported lower second quarter earnings and revenue and cut its full year guidance.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 eased a fraction to 2,472. Bitcoin tumbled $66 to $2606.


The markets extended its losses during the midday with the Dow dropping 61 points to 21,550. Nasdaq slipped 5 points to 6,384.


The Federal Trade Commission is investigating allegations that Amazon has been misleading consumers about the discounts that they receive when they purchase items. Advocacy group Consumer Watchdog has accused Amazon of inflating reference prices so that customers think that they are getting a better deal. Amazon denied the allegations saying that manufacturer reference prices are validated against actual retailer prices.


The Competition Appeal Tribunal has stopped a class action suit against MasterCard in the United Kingdom from moving forward. The $18 billion suit alleged that the interchange fees charged by MasterCard impacted all consumers in the UK whether they used MasterCard or another payment method. A representative of the suit said that an appeal may be filed.


Lyft announced a new autonomous car unit, Level 5, that will work with engineers from partner companies to develop self-driving systems. Several hundred engineers will be housed in a facility in Palo Alto, California although Lyft does not have a permit to test self-driving cars in the state. Lyft expects to test autonomous cars with technology company Nutonomy in Boston by the end of the year.


In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 2,469. Bitcoin rose $6 to $2680.


The markets opened lower with the Dow losing 20 points to 21,591 on disappointing earnings. Nasdaq slipped 7 points to 6,383.


On the upside


Capital One Financial (NYSE: COF) reported higher second quarter earnings that beat expectations.


Encana (NYSE: ECA) reversed year ago losses to post a stronger than expected profit for the second quarter and lifted its core asset production growth forecast for the year.


Shares of Sarepta Therapeutics (Nasdaq: SRPT) extended its gains.

 

On the downside


Maxim Integrated Products (Nasdaq: MXIM) disappointed with fourth quarter earnings and revenue that fell short of expectations.


Second quarter earnings for Gentex (Nasdaq: GNTX) missed analyst estimates.

 

NCR (NYSE: NCR) reported lower second quarter revenue.


In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 9 to 8 on Nasdaq. The broader S&P 500 fell 6 points to 2,467. Bitcoin gained $13 to $2687.


The markets closed flat with the Dow losing 28 points to 21,611 as the Senate continues to evaluate options on how to move forward with a healthcare bill. Nasdaq rose 4 points to 6,390.


On the upside


Hydro One will pay a premium of approximately $5.32 billion in cash to acquire Avista (NYSE: AVA).


Ambac Financial Group (Nasdaq: AMBC) will restructure the Segregated Account of AAC  to conclude the rehabilitation of the Segregated Account.


Shares of Kala Pharmaceuticals (Nasdaq: KALA) surged on its first trading day.

 

On the downside


MarineMax (NYSE: HZO) reported lower third quarter revenue as same store sales tumbled.


A. Schulman (Nasdaq: SHLM) slashed its full year earnings outlook.

 

Credit Suisse downgraded Smart Sand (Nasdaq: SND) from an Outperform rating to a Neutral rating and slashed its price target from $20.00 to $8.50.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,473. Bitcoin leaped $395 to $2649.


ExxonMobil fined $2 million

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The markets traded mixed during the midday with the Dow slipping 16 points to 21,624. Nasdaq rose 8 points to 6,393.


The Treasury Department fined ExxonMobil $2 million for violating sanctions against Russia. The global oil company entered into contracts with the president of Russian energy company Rosneft, Igor Sechin, in May 2014 after he had been blacklisted by the United States. Secretary of State Rex Tillerson was the chief executive of ExxonMobil at the time of the deals.


A district judge dismissed a breach of contract lawsuit filed by Comerica against Bombardier. The financial services company claimed that the aircraft maker owed $10.1 million to Comerica for four jet leases. The judged said that Comerica failed to show that the jets had been returned to the lessor.


Facebook is working with news publishers to create a subscription business model on the social media site. News organizations have been advocating for more control over the presentation of their content and product offerings. A tool to offer subscription services is being developed by Facebook for publishers.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 2,476. Bitcoin surged $309 to $2563.


The markets opened flat with the Dow edging up a fraction to 21,641 as corporate earnings disappointed. Nasdaq gained 11 points to 6,396.


On the upside


Sears Holdings (Nasdaq: SHLD) will sell its Kenmore appliances on Amazon (Nasdaq: AMZN).


Second quarter revenue for Sarepta Therapeutics (Nasdaq: SRPT) exceeded expectations by a wide margin prompting the biopharmaceutical to lift its full year forecast.


Kinder Morgan (NYSE: KMI) will increase its dividend beginning next year and announced a $2 billion stock repurchase plan.

 

On the downside


Inovio Pharmaceuticals (Nasdaq: INO) priced its public offering of 12.5 million common shares at the discounted price of $6.00 per share.


PTC (Nasdaq: PTC) reported higher third quarter results but the company forecast current quarter revenue below expectations.

 

C.H. Robinson Worldwide (Nasdaq: CHRW) disappointed with second quarter earnings that fell far short of analyst estimates.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,475. Bitcoin surged $269 to $2524.


The markets closed higher with the Dow gaining 66 points to 21,640 after the United States, Canada and Mexico agreed to an aggressive calendar to renegotiate NAFTA. Nasdaq climbed 40 points to 6,385.


On the upside


Select Energy Services (NYSE: WTTR) will acquire Rockwater Energy Solutions in an all-stock transaction valued at over $470 million.


Laredo Petroleum (NYSE: LPI) will sell its interest in Medallion Gathering & Processing.


JinkoSolar (NYSE: JKS) entered a non-binding agreement with Greatcell Solar to jointly develop third generation photovoltaic technology.

 

On the downside


United Continental (NYSE: UAL) reported higher second quarter earnings and revenue but the airliner forecast disappointing passenger revenue per available seat mile for the current quarter.


Inovio Pharmaceuticals (Nasdaq: INO) will offer $75 million shares of common stock through a public offering.

 

Second quarter earnings and revenue for Northern Trust (Nasdaq: NTRS) fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 13 points to 2,473. Bitcoin plunged $51 to $2258.


Apple patents discreet 911 calls

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The markets advanced during the midday with the Dow gaining 44 points to 21,619. Nasdaq climbed 38 points to 6,382.


Apple received a patent for a discreet way to call 911 during an emergency. Users can preprogram their phones to contact emergency services when a certain finger or a sequence of fingers are used on the iPhone screen. Once activated, the location of the phone will be transmitted to emergency responders while audio or video can also be livestreamed.


A jury in New York sided with General Motors in a suit filed by a man who claimed that a defective ignition switch caused his accident. GM had recalled 2.6 million vehicles in 2014 to replace a faulty ignition switch. But, the plaintiff's car had an updated version of the ignition switch.


Crown Castle International will pay approximately $7.1 million in cash to acquire Lightower Fiber Networks. The wireless tower operator has been pursuing opportunities to diversify its tower business and expand its fiber footprint. Lighttower is expected to add between $465 million to $485 million to adjusted funds from operations and contribute approximately $850 million to $870 million in site rental revenue.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 2,471. Bitcoin tumbled $49 to $2261.


The markets opened mixed with the Dow slipping 5 points to 21,569 after Congress failed to pass its healthcare bill. Nasdaq gained 19 points to 6,363.


On the upside


Morgan Stanley (NYSE: MS) reported higher second quarter earnings that topped analyst estimates.


Vertex Pharmaceuticals (Nasdaq: VRTX) reported upbeat results from Phase 1 and Phase 2 studies its cystic fibrosis treatment.


Discovery Communications (Nasdaq: DISCA) and Scripps Networks Interactive (Nasdaq: SNI) are discussing a possible merger.

 

On the downside


McCormick & Co. (NYSE: MKC) will pay approximately $4.2 billion to acquire the food unit of Reckitt Benckiser Group.


IBM (NYSE: IBM) disappointed with lower second quarter earnings and revenue.

 

CSX (Nasdaq: CSX) reported higher second quarter earnings that beat expectations but the company forecast full year earnings below estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2,463. Bitcoin slipped $3 to $2306.


The markets closed mixed with the Dow dropping 54 points to 21,574 as import prices slipped 0.2% in June while export prices also lost 0.2%. Nasdaq gained 29 points to 6,344.


On the upside


Deutsche Bank analyst Adam Sindler affirmed his Buy rating on RH (NYSE: RH) and lifted his price target to $80.


Eros International (NYSE: EROS) released the official Munna Michael movie game.


Shares of Quidel (Nasdaq: QDEL) extended its gains.

 

On the downside


Chipotle Mexican Grill (NYSE: CMG) temporarily closed a restaurant in Virginia after several customers became ill.


MSG Networks (NYSE: MSGN) is having trouble finding a buyer.

 

Second quarter earnings for Tile Shop Holdings (Nasdaq: TTS) fell short of expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 added a point to 2,460. Bitcoin leaped $193 to $2331.


The markets traded mixed during the midday with the Dow tumbling 84 points to 21,544. Nasdaq rose 14 points to 6,329.


Chipotle Mexican Grill temporarily closed a restaurant in Sterling, Virginia after receiving reports of illness from people who ate at the chain. Several customers reported experiencing symptoms such as vomiting, diarrhea, dehydration and severe stomach pains which may be caused by norovirus. Chipotle is collaborating with the local health department to investigate the cause of the  contamination and will completely sanitize the location before reopening.


Several disability rights groups sued Uber Technologies for violating New York City's human rights laws. The Brooklyn Center for Independence for the Disabled, Disabled in Action of Metropolitan New York and the Taxis for All Campaign allege that Uber discriminates against people in wheelchairs by not providing an adequate number of wheelchair-accessible vehicles. Uber has not responded to the suit.


Daimler will update 3 million Mercedes-Benz diesel engine vehicles in Europe in order to lower harmful emissions. The updates will be free for customers but will cost the automaker approximately $255 million. Daimler has been questioned by German lawmakers about emissions cheating.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 eased a point to 2,457. Bitcoin surged $140 to $2278.


The markets opened lower with the Dow falling 39 points to 21,589 on disappointing earnings. Nasdaq dropped 10 points to 6,304.


On the upside


Netflix (Nasdaq: NFLX) added more new subscribers in the second quarter than expected and forecast stronger growth in the current quarter than analyst estimates.


Shares of Celadon Group (NYSE: CGI) extended its gains.


Bargain hunters lifted shares of Rite Aid (NYSE: RAD).

 

On the downside


Annaly Capital Management (NYSE: NLY) priced its public offering of 60 million common shares.


Harley-Davidson (NYSE: HOG) cut its shipment forecast for the full year.

 

Ericsson (Nasdaq: ERIC) fell to a greater than expected loss for the second quarter and warned of continued market weakness.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 4 points to 2,455. Bitcoin soared $171 to $2308.


Flat close on slow trading day

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The markets closed flat with the Dow losing 8 points to 21,629 on a slow trading day. Nasdaq added a point to 6,314.


On the upside


Shares of Celadon Group (NYSE: CGI) climbed again.


Hudson River Capital Research wrote that AcelRx Pharmaceuticals (Nasdaq: ACRX) was undervalued.


Quidel (Nasdaq: QDEL) will acquire the Triage assets from Alere.

 

On the downside


XPO Logistics (NYSE: XPO) will offer 11 million shares of company stock.


Needham & Co. lowered its price target on MaxLinear (NYSE: MXL) from $34 to $32.

 

Radius Health (Nasdaq: RDUS) named Jesper Hoiland to the position of president and chief executive officer.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,459. Bitcoin leaped $254 to $2146.


Mixed open ahead of earnings

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The markets opened mixed with the Dow slipping 4 points to 21,633 ahead of earnings news. Nasdaq rose 8 points to 6,320.


On the upside


Dominion Diamond (NYSE: DDC) will be taken private by The Washington Companies in a sweetened $1.2 billion deal.


General Cable (NYSE: BGC) retained the services of J.P. Morgan Securities to explore strategic options including a potential sale of the company.


Oxford Asset Management acquired 8,694 shares of YY (Nasdaq: YY).

 

On the downside


Shares of Blue Apron (NYSE: APRN) fell after Amazon (Nasdaq: AMZN) filed a trademark application for a meal kit delivery service.


A man claims that his Tesla (Nasdaq: TSLA) suddenly accelerated while in autopilot mode causing the electric vehicle to crash.

 

RBC Capital Markets lowered its price target on AMC Entertainment (NYSE: AMC) from $38 to $30.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 4 to 3 on Nasdaq. The broader S&P 500 edged up a point to 2,459. Bitcoin surged $179 to $2072.


Weak economic data raised expectations that the Federal Reserve would slow the pace of rate hikes. The markets closed higher with the Dow climbing 84 points to 21,637. Nasdaq gained 38 points to 6,312.


On the upside


BTIG Research initiated coverage of Eiger BioPharmaceuticals (Nasdaq: EIGR) with a Buy rating and a $32.00 price target.


Shares of Akcea Therapeutics (Nasdaq: AKCA) climbed on its first trading day.


Jefferies analyst Matthew Andrews initiated coverage of AcelRx Pharmaceuticals (Nasdaq: ACRX) with a Buy rating and a $7.00 price target.

 

On the downside


RH (NYSE: RH) completed its $700 million stock repurchase program.


Shiloh Industries (Nasdaq: SHLO) priced its public offering of 5.0 million common shares at the discounted price of $8.25 per share.

 

Investors locked in profits on Teva Pharmaceuticals (Nasdaq: TEVA).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 4 on Nasdaq. The broader S&P 500 climbed 11 points to 2,458. Bitcoin plummeted $166 to $2149.


The markets extended its gains during the midday with the Dow climbing 66 points to 21,619. Nasdaq rose 26 points to 6,300.


Honda is recalling Accord models that were made between 2013 through 2016 to fix a defect that can cause an engine fire. Approximately 1.5 million cars are affected globally with 1.15 million cars covered by the recall in the U.S. A 12-volt battery sensor that may not have been properly sealed could erode or short and potentially trigger a fire.


Fiat Chrysler announced two separate recalls that will affect more than 1.3 million vehicles worldwide. A driver side airbag that may inadvertently inflate must be repaired in model years 2011 through 2015 Dodge Journeys and model years 2011 through 2015 Fiat Freemont crossovers. The alternators must be replaced in model years 2011 through 2014 Chrysler 300 and Dodge Charger sedans, Dodge Challenger coupes, Dodge Durango SUVs and model years 2012 through 2014 Jeep Grand Cherokee SUVs.


Rhode Island Representative David Cicilline has requested a Congressional hearing on Amazon's proposed $13.7 billion acquisition of Whole Foods Market. While the transaction must be approved by the Federal Trade Commission, Congress has no authority in the matter. Rep. Cicilline said that because the deal may negatively impact local grocery stores and consumers, the public must be made aware of all the possible impacts of acquisition.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 4 on Nasdaq. The broader S&P 500 rose 8 points to 2,456. Bitcoin plummeted $146 to $2169.


The markets opened higher with the Dow gaining 19 points to 21,572 even as the consumer price index held steady in June. Nasdaq climbed 15 points to 6,289.


On the upside


Celadon Group (NYSE: CGI) named Paul Svindland to the position of chief executive officer effective July 24.


Goldman Sachs upgraded Nutanix (Nasdaq: NTNX) from a Buy rating to a Conviction Buy rating.


Goldman Sachs upgraded NetApp (Nasdaq: NTAP) to Conviction Buy from Buy and lifted its price target from $46 to $47.

 

On the downside


A10 Networkds (NYSE: ATEN) reported a preliminary second quarter loss that was greater than expected.


CyberArk Software (Nasdaq: CYBR) warned that second quarter revenue would fall short of previous guidance.

 

Oppenheimer downgraded Himax Technologies (Nasdaq: HIMX) from a Perform rating to an Underperform rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,449. Bitcoin plunged $74 to $2241.


The markets closed modestly higher with the Dow rising 20 points to 21,553 as producer prices edged up. Nasdaq climbed 13 points to 6,274.


On the upside


Navigator Holdings (NYSE: NVGS) partnered with Enterprise Products Partners (NYSE: EPD) to jointly develop an ethylene marine export terminal on the Houston Ship Channel.


Shares of Hertz Global (NYSE: HTZ) climbed for sixth day.


Bargain hunters lifted shares of Alder BioPharmaceuticals (Nasdaq: YNDX).

 

On the downside


Profit taking sent shares of Maui Land & Pineapple (NYSE: MLP) tumbling.


Shares of Shiloh Industries (Nasdaq: SHLO) extended its losses.

 

National Beverage (Nasdaq: FIZZ) reported higher fourth quarter earnings and revenue that topped analyst estimates but the stock price plunged.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 rose 4 points to 2,447. Bitcoin rose $26 to $2317.


J.C. Penney to open toy shops

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The markets continued to rise during the midday with the Dow gaining 24 points to 21,556. Nasdaq added 5 points to 6,266.


J.C. Penney will open toy shops at all of its department store locations in order to attract more customers. The shops will feature a wide range of items from popular brands such as Fisher Price, Hasbro and Mattel. The department store has already doubled the number of toys available for purchase on its online store.


Minnesota has filed a consumer fraud suit against CenturyLink. The telecommunications services provider has been accused of quoting customers a low monthly fee then charging a much higher rate on the customer's monthly bill. Seven states including Arizona, California, Colorado, Idaho, Nevada, Oregon and Washington have already filed class action suits against the telecom for engaging in unlawful billing practices.


AT&T plans to transfer all of its video offerings to the cloud. Using a cloud based platform allows developers to quickly innovate and improve their products. Customers will soon be able to record content, pause live TV shows and utilize parental controls.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners outpaced advancers by a margin of more than 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,447. Bitcoin dropped $22 to $2321.


The markets opened higher with the Dow rising 5 points to 21,537 ahead of Federal Reserve chair Janet Yellen's second day of testimony before Congress. Nasdaq gained 8 points to 6,269.


On the upside


Target (NYSE: TGT) lifted its second quarter earnings outlook.


Teva Pharmaceutical (NYSE: TEVA) is expected to hire AstraZeneca (NYSE: AZN) chief executive Pascal Sorio as its new CEO.


Yandex (Nasdaq: YNDX) will merge its Yandex.Taxi ride hailing service in Russia and other Eastern European countries with Uber.

 

On the downside


Delta Air Lines (NYSE: DAL) reported lower second quarter earnings.


Investors locked in profits on Amicus Therapeutics (Nasdaq: FOLD).

 

Barclays downgraded Seagate Technology (Nasdaq: STX) from an Equal Weight rating to an Underweight rating.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by more than 2 to 1 on Nasdaq. The broader S&P 500 added a point to 2,444. Bitcoin rose $11 to $2355.


Investors welcomed Federal Reserve chair Janet Yellen's testimony that interest rates will rise gradually. The markets soared to close sharply higher with the Dow surging 123 points to 21,532. Nasdaq leaped 67 points to 6,261.


On the upside


Shares of Restoration Hardware (NYSE: RH) advanced again on no news.


Kemet (NYSE: KEM) extended its T598 range of polymer electrolytic capacitors with new higher voltage rated parts.


A Tier 1 multiservice firm in India ordered more than $13 million worth of Ceragon Networks' (Nasdaq: CRNT) IP-20 platforms.

 

On the downside


Barnes & Noble Education (NYSE: BNED) reported lower than expected earnings for the fourth quarter.


Alder BioPharmaceuticals (Nasdaq: ALDR) announced a secondary offering of 12.5 million common shares.

 

Tudor Investment sold a majority of its holdings in CommScope Holdings (Nasdaq: COMM).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 soared 17 points to 2,443. Bitcoin gained $15 to $2362.


The markets extended its gains during the midday with the Dow soaring 115 points to 21,524. Nasdaq climbed 55 points to 6,249.


Fiat Chrysler will end production of its Dodge Viper and close the Conner Avenue Assembly Plant in Detroit on August 31. All 87 workers will be offered jobs at other locations. The powerful 10-cylinder Viper found few buyers with less than 1,500 vehicles sold per year.


As part of its bankruptcy restructuring plan, Gymboree will close 350 stores across the country. The children's apparel retailer also owns the Janie & Jack and Crazy 8 stores. After the store closures, Gymboree will still have more than 900 locations.


Sales on Amazon Prime Day surged more than 60% over last year's Prime Day sales. A record number of Prime members around the world took advantage of the 30-hour deals and bought record numbers of the Echo Dots, Fire tablets and Kindle devices. Some items were delivered within 12 minutes.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 2,441. Bitcoin gained $26 to $2351.


The markets opened higher with the Dow gained 58 points to 21,467 as Federal Reserve chair Janet Yellen testified before Congress. Nasdaq climbed 45 points to 6,238.


On the upside


NRG Energy (NYSE: NRG) announced a three-year plan to sell up to $4 billion in assets.


Cara Therapeutics (Nasdaq: CARA) reported positive results from a Phase 1 trial of Oral CR845 to treat chronic kidney disease associated pruritus.


Bargain hunters continued to snap up shares of Atwood Oceanics (NYSE: ATW).

 

On the downside


MSC Industrial Direct (NYSE: MSM) reported third quarter revenue that fell short of expectations and forecast current quarter earnings below estimates.


Bernstein downgraded Harley-Davidson (NYSE: HOG) from an Outperform rating to a Market Perform rating and cut its price target from $62 to $55.

 

The Food and Drug Administration issued a Complete Response Letter to Ocular Therapeutix (Nasdaq: OCUL) for its re-submitted New Drug Application for Dextenza.


In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 climbed 10 points to 2,435. Bitcoin rose $12 to $2338.


The markets closed flat with the Dow edging up a fraction to 21,409 after first son Donald Trump Jr. released emails about his meeting with a Russian government lawyer. Nasdaq gained 16 points to 6,193.


On the upside


A Loop Capital Markets analyst wrote that PayPal (Nasdaq: PYPL) should acquire Square (NYSE: SQ).


Ocular Therapeutix (Nasdaq: OCUL) amended its new drug application for Dextenza with details of a manufacturing equipment change.


Rent-A-Center (Nasdaq: RCII) rejected an offer by Vintage Capital Management to take the company private for a premium of $15 per share.

 

On the downside


Shares of Frontier Communications (Nasdaq: FTR) fell after completing a 1-for-15 reverse stock split yesterday.


Investors locked in profits on Aveo Pharmaceuticals (Nasdaq: AVEO).

 

Shares of Zion Oil & Gas (Nasdaq: ZN) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on both the NYSE and on Nasdaq. The broader S&P 500 slipped a point to 2,425. Bitcoin dropped $32 to $2300.


Tesla to expand service centers

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The markets traded higher during the midday with the Dow rising 19 points to 21,428. Nasdaq gained 10 points to 6,186.


With the release of its mass market Model 3 sedan, Tesla will nearly double the number of service centers worldwide. The electric car maker will open 100 new service centers to increase the total from 150 to 250 service centers and add 350 mobile service vans. Approximately 1,400 technicians will be hired to staff the mobile and service centers.


Bankrupt and beleaguered Takata is recalling an additional 2.7 million faulty airbag inflators in the U.S. The latest recall covers driver side inflators that  were made between 2005 through 2012 that were installed in Ford Motor, Mazda Motor and Nissan Motor vehicles. Takata has already recalled nearly 70 million airbags worldwide.


Meal kit delivery service Blue Apron Holdings, which became a publicly traded company on June 29, was saddled with a Sell rating and a $2 price target by Northcoast Research. The start-up is already trading below its initial public offering price of $10 per share. Analysts are concerned about rising marketing expenses amidst falling revenue per customer.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 2,425. Bitcoin gained $13 to $2346.


The markets opened flat with the Dow adding 2 points to 21,410 ahead of Federal Reserve chair Janet Yellen's testimony before Congress. Nasdaq slipped 5 points to 6,171.


On the upside


Halcon Resources (NYSE: HK) will sell its Williston Basin assets for approximately $1.4 billion in cash to Bruin E&P Partners.


Arena Pharmaceuticals (Nasdaq: ARNA) reported positive results from a Phase 2 study of ralinepag to treat pulmonary arterial hypertension.


Amicus Therapeutics (Nasdaq: FOLD) to submit a new drug application for its Fabry disease treatment migalastat in the fourth quarter.


On the downside


Morgan Stanley downgraded Snap (NYSE: SNAP) from an Overweight rating to an Equal Weight rating and slashed its price target from $28 to $16.


Getty Realty (NYSE: GTY) priced its public offering of 4.1 million shares of common stock at the discounted price of $23.15 per share.

 

MKM Partners initiated coverage of Michael Kors (NYSE: KORS) with a Sell rating and a $26 price target.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers narrowly outpaced decliners on Nasdaq. The broader S&P 500 eased a fraction to 2,426. Bitcoin added $2 to $2336.


The markets closed mixed with the Dow slipping 5 points to 21,408 after European leaders at the G-20 summit said that if the United Staes imposed tariffs on steel imports, a trade war would ensue. Nasdaq gained 23 points to 6,176.


On the upside


Stifel cut its price target on CF Industries (NYSE: CF) from $31 to $28 but the stock price rose.


Rising silver prices lifted shares of Endeavour Silver (NYSE: AG) and First Majestic Silver (NYSE: EXK).


Scotiabank upgraded Potash of Saskatchewan (NYSE: POT) from a Sector Perform rating to a Sector Outperform rating.


On the downside


Shares of Macy's (NYSE: M) fell on news that discounts are impacting cosmetics counters which have traditionally been spared price reductions.


Dick's Sporting Goods (NYSE: DKS) announced a Cyber Monday sale today to compete against Amazon's (Nasdaq: AMZN) Prime Day.

 

Investors locked in profits on Zion Oil & Gas (Nasdaq: ZN).


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,427. Bitcoin rose $3 to $2336.


Oculus slashes prices again

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The markets advanced during the midday with the Dow rising 26 points to 21,440. Nasdaq gained 33 points to 6,186.


Facebook's Oculus has slashed the price of its Rift virtual reality headset and Touch controllers for the second time this year. On March 1, the cost of the Rift-Touch combination tumbled from $798 to $598. The Summer of Rift promotion is offering the headset and hand controllers for $399 for the next six weeks.


Amazon's Prime Day begins tonight at 9pm EST (6pm PST) and at 7pm EST (4pm PST) for orders placed through Alexa and ends at 3am EST (12am PST). Deals on electronics such as the Amazon Echo for $89.99, a 50% discount off the regular $179.99 price, and the Element Amazon Fire TV Edition 55" for $399.99, 38.5% off the regular price of $649.99, are expected to go fast. Athletes can pick up Adidas and Under Armour items for 30% off. 


The technology industry supported International Entrepreneurial Rule that was to take effect on July 17 will be rescinded by the Trump administration. The program would have allowed foreigners who started companies and secured either $100,000 in government grants or $250,000 in venture capital to remain in the United States for 30 months. Business leaders and trade groups criticized the move.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The broader S&P 500 rose 5 points to 2,431. Bitcoin plunged $102 to $2407.


Flat open after G-20

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The markets opened flat with the Dow easing a point to 21,412 while Nasdaq added a point to 6,154 after the G-20 summit ended with no real accomplishments.


On the upside


ClubCorp Holdings (NYSE: MYCC) will be acquired by Apollo Global Management in an all cash deal valued at approximately $1.1 billion.


Shares of Aveo Pharmaceuticals (Nasdaq: AVEO) continued climbing.


Valeant Pharmaceuticals (NYSE: VRX) paid down $811 million of its senior secured loans.


On the downside


Abercrombie & Fitch (NYSE: ANF) will no longer pursue a sale of the company.


Amazon (Nasdaq: AMZN) may be building it's own tech support services team to compete with Best Buy's (NYSE: BBY) Geek Squad.

 

Shares of Ocular Therapeutics (Nasdaq: OCUL) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 held steady at 2,425. Bitcoin plummeted $117 to $2393.


Strong payrolls boost markets

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A strong payrolls report boosted the markets to a sharply higher close with the Dow soaring 94 points to 21,414. Nasdaq surged 63 points to 6,153.


On the upside


Core Laboratories (NYSE: CLB) declared a quarterly cash dividend of 55 cents per common share payable on Monday, August 14, 2017 to shareholders of record Monday, July 17, 2017.


Rambus (Nasdaq: RMBS) may be exploring the option of selling itself.


Analysts issued positive comments on Applied Optoelectronics (Nasdaq: AAOI).


On the downside


Adam Feuerstein raised contamination concerns about the manufacturing process for Ocular Therapeutix (Nasdaq: OCUL).


Cherokee (Nasdaq: CHKE) fell to a loss for the first quarter.

 

Shares of Cara Therapeutics (Nasdaq: CARA) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by moe than 5 to 2 on Nasdaq. The broader S&P 500 climbed 15 points to 2,425. Bitcoin dropped $18 to $2474.


The markets advanced during the midday with the Dow climbing 99 points to 21,419. Nasdaq soared 72 points to 6,161.


Tesla partnered with French renewable energy firm Neoen to build a 100-megawatt lithium ion battery farm in South Australia to improve the efficiency of the region's power grid. A huge storm in September 2016 devastated transmission lines causing a statewide blackout. The project will expand the supply of renewable energy and add storage capacity of 129 megawatt hours.


Foxconn Technology Group may build a factory in Wisconsin that could potentially create 10,000 jobs. The electronics contract manufacturer attracted global scrutiny in 2010 when 18 employees at its industrial park in Shenzhen, China tried to kill themselves. Foxconn is best known for assembling Apple products.


Berkshire Hathaway offered $9 billion to acquire Oncor Electric Delivery parent Energy Future Hodlings, which filed for Chapter 11 bankruptcy protection in 2014. Oncor powers more than 3.4 million homes and businesses in Texas and reported profits of $431 million in 2016. The Public Utility Commission of Texas must approve the acquisition.


In the broad market, advancing issues outpaced decliners 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 climbed 16 points to 2,426. Bitcoin tumbled $70 to $2498.


Non-farm payrolls climbed by a greater than expected 222,000 in June to lift the markets to a higher open with the Dow gaining 58 points to 21,378. Nasdaq climbed 39 points to 6,129.


On the upside


Bargain hunters lifted shares of Yum China Holdings (NYSE: YUMC).


Shares of Aveo Pharmaceuticals (Nasdaq: AVEO) extended its gains.


Institutional investor sentiment for Zion Oil & Gas (Nasdaq: ZN) rose in the fourth quarter of 2016.


On the downside


Concerns about a trade war with the European Union over steel sent shares of AK Steel Holding (NYSE: AKS) and U.S. Steel (NYSE: X) lower.


Retreating crude oil prices weighed down shares of California Resources (NYSE: CRC).

 

Wells Fargo analyst Judson Bailey downgraded Nabors Industries (NYSE: NBR) from an Outperform rating to a Market Perform rating.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 gained 7 points to 2,417. Bitcoin plunged $88 to $2480.


Disappointing jobs data weighed the markets down to a sharply lower close with the Dow skidding 158 points to 21,320. Nasdaq plummeted 61 points to 6,089.


On the upside


Plans by Brazil to overhaul the power market lifted shares of Centrais El├ętricas Brasileiras (NYSE: EBR).


Altice USA (NYSE: ATUS) launched an ad campaign in the U.S. featuring soccer star Cristiano Ronaldo.


Herman Miller (Nasdaq: MLHR) reported better than expected earnings for the fourth quarter.


On the downside


Second quarter earnings for Yum China Holdings (NYSE: YUMC) missed expectations.


L Brands (NYSE: LB) reported a greater than expected drop in June same store sales.

 

Shares of Blue Apron (NYSE: APRN) fell again.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 plunged 22 points to 2,409. Bitcoin slipped $3 to $2566.


Volkswagen issues global recall

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The markets extended its losses during the midday with the Dow plunging 139 points to 21,339. Nasdaq tumbled 58 points to 6,092.


Volkswagen issued a global recall of 766,000 vehicles to fix a problem with the antilock braking system. In certain driving conditions, the brakes may fail to function properly. No specific details about car models and years have been released. 


Microsoft is restructuring its sales and marketing staff to better serve its clients. Thousands of employees may lose their jobs and many have been notified that their positions are being evaluated for possible elimination. Most of the changes will impact non-U.S. sales operations.


The Insurance Institute for Highway Safety identified three large cars with the Top Safety Pick Plus designation. The Lincoln Continental, Mercedes-Benz E-Class and the Toyota Avalon all passed five safety tests including front and side crashes. The Tesla Model S, which achieved the highest safety rating from the National Highway Traffic Safety Administration in 2013, failed a small overlap front crash test.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 2,411. Bitcoin slipped $9 to $2560.


First time applications for unemployment benefits rose last week while hiring by private employers slowed in June. The markets tumbled to open sharply lower with the Dow plummetng 102 points to 21,375. Nasdaq plunged 56 points to 6,094.


On the upside


HSN (Nasdaq: HSN) will be acquired by QVC owner Liberty Interactive (Nasdaq: QVCA) for approximately $2.1 billion.


Celgene (Nasdaq: CELG) acquired a 5.9% stake in BeiGene (Nasdaq: BGNE) and partnered with BeiGene to develop and commercialize BeiGene's investigational tumor cancer treatment BGB-A317.


RBC Capital upgraded ImmunoGen (Nasdaq: IMGN) from a Sector Perform rating to an Outperform rating.


On the downside


The Supreme Court of Guatemala temporarily suspended Tahoe Resources' (NYSE: TAHO) Escobar mining license.


Egalet (Nasdaq: EGLT) priced its public offering of approximately 16.7 million common shares at the discounted price of $1.80 per share.

 

Shares of Tesla (Nasdaq: TSLA) fell after Volvo announced that it will stop making conventional gas engines after 2019 to focus solely on hybrid and electric vehicles.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 tumbled 15 points to 2,416. Bitcoin lost $11 to $2558.


New factory orders fell in May but the markets closed mixed with the Dow easing a point to 21,478 as the technology sector advanced. Nasdaq climbed 40 points to 6,150.


On the upside


Nevro (NYSE: NVRO) reported sharply higher preliminary second quarter revenue.


Calithera Biosciences (Nasdaq: CALA) insiders have acquired more company stock and now own 6.2% of the pharmaceutical's outstanding shares.


Zack Investment Research upgraded JMP Group (NYSE: JMP) from a Sell rating to a Hold rating.


On the downside


Disappointing second quarter sales for O'Reilly Automotive (Nasdaq: ORLY) weighed down shares of competitors Advance Auto Parts (NYSE: AAP) and AutoZone (NYSE: AZO).


Falling crude oil prices sent shares of Carrizo Oil & Gas (Nasdaq: CRZO), Halcon Resources (NYSE: HK) and Whiting Petroleum (NYSE: WLL) lower.

 

Oilfield services providers Nabors Industries (NYSE: NBR) and Teekay Offshore Partners (NYSE: TOO) fell as crude oil prices dropped.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2,432. Bitcoin climbed $31 to $2570.


The markets traded mixed during the midday with the Dow slipping 10 points to 21,468. Nasdaq climbed 44 points to 6,155.


Volvo will no longer make conventional gasoline engines after 2019. All new models that the Sweden-based company introduces after 2019 will be hybrids or fully electric vehicles. Volvo is the first major automaker to transition to clean energy cars.


Approximately 173,000 DeVry students will receive refund checks as part of a $100 million settlement agreement. The Federal Trade Commission sued DeVry for deceptive adds that claimed that 90% of its graduates found jobs in their majors within six months of graduation. Students who enrolled between January 1, 2008 and October 1, 2015 and paid at least $5,000 may be eligible for a refund check.


Alibaba introduced its Tmall Genie X1 voice activated smart speaker that will be available to 1,000 customers for a one-month trial period. The devices are priced at $73, well below Apple's HomePod at $349 and Amazon's $180 Echo. Tmall Genie X1 will be able to stream music, provide news reports and order items.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2,432. Bitcoin climbed $27 to $2566.


The markets opened mixed with the Dow falling 42 points to 21,437 while Nasdaq rose 11 points to 6,121 as investors await a global response to North Korea's missile launch.


On the upside


Monogram Residential Trust (NYSE: MORE) will  be acquired by an investment group led by Greystar Real Estate Partners in a deal valued at approximately $3 billion.


Bargain hunters lifted shares of Micron Technology (Nasdaq: MU).


Stifel upgraded Teradyne (NYSE: TER) from a Hold rating to a Buy rating and lifted its price target from $32 to $39.


On the downside


Diebold Nixdorf (NYSE: DBD) adjusted its full year forecast.


O'Reilly Automotive (Nasdaq: ORLY) disappointed with second quarter comparable store sales that fell short of expectations.

 

Goldman Sachs analyst David Tamberrino cut his six month price target on Tesla (Nasdaq: TSLA) from $190 to $180 and affirmed his Sell rating on the electric vehicle maker.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2,426. Bitcoin added $3 to $2541.


U.S. markets closed

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U.S. markets are closed in observance of Independence Day.

The markets closed mixed on a shortened trading day with the Dow soaring 129 points to 21,479 over flat construction spending in May. Nasdaq dropped 30 points to 6,110.


On the upside


Telecom Argentina (NYSE: TEO) will merge with Cablevision.


Shares of Rowan Cos. (NYSE: RDC) and Teekay (NYSE: TK) rose along with the oilfield services sector after GE (NYSE: GE) completed its acquisition of Baker Hughes.


Brixmore Property Group (NYSE: BRX) began trading ex-dividend today.


On the downside


Patrick K. Mullen assumed the role of Chicago Bridge & Iron (NYSE: CBI) president and chief executive.


Retreating silver prices weighed down shares of Endeavour Silver (NYSE: EXK) and First Majestic Silver (NYSE: AG).

 

Shares of Alamos Gold (NYSE: AGI), Coeur Mining (NYSE: CDE), Hecla Mining (NYSE: HL) and Iamgold (NYSE: IAG) all fell as gold prices slipped.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 2,429. Bitcoin climbed $55 to $2526.


The markets closed mixed on a shortened trading day with the Dow soaring 129 points to 21,479. Nasdaq dropped 30 points to 6,110.


The Federal Trade Commission granted antitrust approval to Broadcom for its $5.5 billion deal to acquire Brocade Communications Systems. To secure antitrust approval, Broadcom has agreed to separate the facilities that it uses to supply Cisco System from the rest of Broadcom in order to prevent any information from being used by the Brocade Communications Systems business to compete against Cisco. The deal has already been approved by European Union and Japanese regulators.


Tesla will begin production of its Model 3 sedan this month with delivery of the first 30 vehicles expected at the end of July. Production will increase to 1,500 vehicles in September and 20,000 per month by December. More than 300,000 customers have placed a deposit for the Model 3.


A district judge dismissed a lawsuit that accused Facebook of illegally tracking the internet activity of users after they had logged out of their accounts. Plaintiffs alleged that the social media site violated federal and California privacy laws and wiretapping laws. The judge ruled that no reasonable expectation of privacy was established by the lawsuit nor was any realistic economic harm or loss established by the plaintiffs.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 2,429. Bitcoin climbed $32 to $2502.


A gain in June factory activity boosted the markets to a sharply higher open with the Dow leaping 193 points to 21,542. Nasdaq added 3 points to 6,144.


On the upside


Shares of oilfield services firms Noble (NYSE: NE) and Ensco (NYSE: ESV) rose as Baker Hughes (NYSE: BHI) completes its merger with GE Oil & Gas (NYSE: GE).


Bargain hunters lifted shares of Cara Therapeutics (Nasdaq: CARA).


Rising crude oil prices lifted shares of Whiting Petroleum (NYSE: WLL).


On the downside


Shares of Rite Aid (NYSE: RAD) fell again.


Jana Partners acquired a 5.8% stake in EQT (NYSE: EQT) and advocated for the termination of EQT's proposed acquisition of Rice Energy (NYSE: RICE).

 

Fred's (Nasdaq: FRED) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 gained 14 points to 2,438. Bitcoin soared $73 to $2543.


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