December 2017 Archives

Indications that Senator Marco Rubio will support the tax plan sent the markets soaring to close sharply higher with the Dow surging 143 points to 24,651. Nasdaq leaped 80 points to 6,936.


On the upside


Stifel upgraded Crocs (Nasdaq: CROX) from a Hold rating to a Buy rating.


Surgery Partners (Nasdaq: SGRY) announced plans to repurchase up to $50 million of its common stock.


Analysts expect Roku (Nasdaq: ROKU) to benefit from Disney's (NYSE: DIS) acquisition of Fox (Nasdaq: FOXA) assets.


On the downside 


Investors locked in profits on Marinus Pharmaceuticals (Nasdaq: MRNS).


Verastem (Nasdaq: VSTM) priced its public offering of $25 million worth of common stock. 


NQ Mobile (NYSE: NQ) reported losses for the first, second and third quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 soared 23 points to 2,675. Bitcoin gained $66 to $17,498.


The markets extended its gains during the midday with the Dow soaring 163 points to 24,672. Nasdaq surged 82 points to 6,938.


Retailers participating in today's Free Shipping Day will ship online purchases without charge with a guaranteed delivery by Christmas Eve. Major retailers such as Macy's, Target, Toys R Us and Old Navy are participating along with Mrs. Fields, The Popcorn Factory, and Munchery. The free shipping applies to in-stock, ready to ship items in the continental U.S. to non-P.O. Box addresses.


Today is also National Cupcake Day to celebrate the convenient, single-serve cake. Many bakeries are celebrating by offering treats such as a free Hot Cocoa Cupcake or Christmas Cookies & Milk Cupcake to the first 100 customers at Baked by Melissa or buy get one free at Gigi's Cupcakes and Ooh La La Dessert Boutique. Double Tree is providing a free DoubleTree cookie to guests from now until December 24.


Lockheed Martin has partnered with Aerion to develop a supersonic jet for corporations. The Aerion AS2 supersonic business jet is expected to be ready for market by 2025. Lockheed makes supersonic combat aircraft such as the F-16, F-35 and F-22.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 leaped 26 points to 2,678. Bitcoin rocketed $1,325 to $17,644.


Higher open as GOP tweaks tax plan

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The markets opened higher with the Dow climbing 77 points to 24,585 as the GOP tweaked their tax plan to ensure passage. Nasdaq gained 15 points to 6,871.


On the upside


DDR (NYSE: DDR) will spin off 50 of its properties into a new company to be named Retail Value Trust.


Under Armour (NYSE: UA) is using drones to promote its latest Curry 4 shoe which drops on Saturday.


Teva Pharmaceutical (NYSE: TEVA) announced the exclusive launch of generic Viread.


On the downside 


CSX (Nasdaq: CSX) chief executive Hunter Harrison has taken an unexpected medical leave of absence.


Oracle (NYSE: ORCL) reported higher second quarter earnings and revenue but growth in its cloud computing business fell short of expectations and the company forecast current quarter results below estimates. 


Investors locked in profits on Finisar (Nasdaq: FNSR).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,660. Bitcoin leaped $1,380 to $17,699.


Two Republican Senators demanded changes to child tax credits before they would support the tax overhaul plan. The markets closed lower with the Dow dropping 76 points to 24,508. Nasdaq lost 19 points to 6,856.


On the upside


Rumors circulated that Genomic Health (Nasdaq: GHDX) may be acquired.


Marinus Pharmaceuticals (Nasdaq: MRNS) will be added to the Nasdaq Biotechnology Index before market open on Monday, December 18, 2017.


Nordson (Nasdaq: NDSN) reported higher fourth quarter earnings and revenue.


On the downside 


Pier 1 Imports (NYSE: PIR) disappointed with lower third quarter earnings that fell short of expectations and slashed its full year forecast.


Criteo (Nasdaq: CRTO) cited the impact of Apple's (Nasdaq: AAPL) Intelligent Tracking Prevention for lowering its fourth quarter forecast. 


ABM Industries (NYSE: ABM) fell to a loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,652. Bitcoin rose $55 to $16,415.


The markets retreated to trade lower during the midday with the Dow falling 49 points to 24,535. Nasdaq dropped 20 points to 6,854.


Disney will pay approximately $52.4 billion in stock to acquire the film, television and international businesses of Twenty-First Century Fox. Disney will now own the Avatar and The Simpsons franchises as well as 21st Century Fox's film and television studios, and cable entertainment networks. Fox will maintain its Fox Broadcasting network which includes Fox News Channel and Fox Business Network along with the sports channels FS1, FS2 and the Big Ten Network.


The Federal Communications Commission voted this morning to end net neutrality. Internet service providers have lobbied lawmakers for the past two years to overturn regulations that require the companies to treat all content equally and prevents the ISPs from slowing or blocking content. Net neutrality advocates warn that costs will increase for consumers as broadband providers such as AT&T, Comcast and Verizon will now be able to charge fees for faster service and create partnerships for the distribution of preferred content.


Delta has selected Airbus over Boeing as its next jetliner provider. Delta ordered 100 Airbus A321neo jets with the option to order 100 additional aircraft. The new jets will use 40% less fuel than the McDonnell Douglas MD-88s that they are replacing.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 9 points to 2,653. Bitcoin rose $64 to $16,425.


The markets opened higher with the Dow gaining 46 points to 24,631 over expectations that Congress will vote on a tax plan next week. Nasdaq rose 12 points to 6,887.


On the upside


Teva Pharmaceutical Industries (NYSE: TEVA) will cut 14,000 jobs, or more 25% of its workforce, and suspend its dividend.


The U.S. Patent and Trademark Appeal Board has instituted inter partes review proceedings on all claims against two patents involved in a patent infringement claim against Mylan (Nasdaq: MYL).


Tiffany & Co. (NYSE: TIF) renewed its exclusive license agreement with Luxottica to develop, produce and distribute sunglasses and prescription frames under the Tiffany & Co. brand.


On the downside 


Sibanye Gold (NYSE: SBGL) will pay approximately $383 million to acquire Lonmin.


J.P.Morgan downgraded Valeant Pharmaceutical (NYSE: VRX) from a Neutral rating to an Underweight rating. 


OneMain Holdings (NYSE: OMF) priced its secondary offering of 7.5 million common shares .


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while advancers edged out decliners by nearly 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,665. Bitcoin slipped $27 to $16,333.


A tax plan was finalized by Congressional Republicans lifting the markets to a higher close with the Dow climbing 80 points to 24,585. Nasdaq gained 13 points to 6,875.


On the upside


Jianpu Technology (NYSE: JT) narrowed losses for the third quarter as revenue soared.


Overstock.com (Nasdaq: OSTK) founder and chief executive formed a joint venture with Peruvian economist Hernando de Soto to develop a blockchain based global property registry system.


PPDAI Group (NYSE: PPDF) impressed with sharply higher third quarter earnings and revenue and the company announced a partnership with Sun Hung Kai & Co. to jointly explore potential collaboration opportunities.


On the downside 


Bristow Group (NYSE: BRS) announced a public offering of $125 million in convertible senior notes.


Investors locked in profits on Proteostasis Therapeutics (Nasdaq: PTI). 


Profit taking weighed down shares of Accuray (Nasdaq: ARAY).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,662. Bitcoin plummeted $699 to $16,377.


Fed raises rates

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The market extended its gains during the midday with the Dow soaring 133 points to 24,638. Nasdaq climbed 25 points to 6,887.


At the Federal Reserve's final policy meeting of the year, the agency increased interest rates by an expected quarter of a percentage point. The Fed affirmed its intention to raise rates three times in 2018 and in 2019 even as the nation's economic activity has accelerated. However, inflation is expected to be below the targeted 2% in 2018.


Republicans have finalized an agreement to overhaul the tax code that will add between $1.5 trillion to $20 billion to the nation's debt over the next decade. The corporate tax rate will be slashed from the current 35% to 21%, which is above the 20% that was heavily promoted by President Donald Trump. The top tax bracket for wealthy individuals will drop from 39.6% to 37% while a $10,000 cap will be established for state and local tax deductions.


Toyota Motor extended its partnership with Panasonic by jointly developing prismatic cells to power electric cars. Panasonic currently supplies the Japanese automaker with traditional lithium-ion batteries. Panasonic is also working with Tesla to develop batteries using cylindrical cells.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 2,669. Bitcoin plunged $917 to $16,159.


Higher open as CPI rises 0.4%

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The market opened higher with the Dow rising 21 points to 24,525 as consumer prices edged up 0.4%. Nasdaq gained 18 points to 6,880.


On the upside


Finisar (Nasdaq: FNSR) received a $390 million investment from Apple (Nasdaq: AAPL) to increase production of laser diodes that are used in the iPhone X for Face ID, Animoji and portrait mode selfies.


Western Digital (Nasdaq: WDC) and Toshiba have settled their dispute over the proposed sale of their NAND flash memory SanDisk joint venture.


A class action lawsuit was filed against Qudian (NYSE: QD) but the stock price rose. 


On the downside 


Nordic American Tankers (NYSE: NAT) launched a recapitalization program.


Shares of Lumentum Holdings (Nasdaq: LITE) tumbled after Apple (Nasdaq: AAPL) invested in rival Finisar (Nasdaq: FNSR). 


Investors locked in profits on AK Steel Holding (NYSE: AKS).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2,667. Bitcoin tumbled $277 to $16,799.


The Dow advanced to close sharply higher with the blue chip index surging 118 points to 24,504 on strong gains in producer prices. Nasdaq lost 12 points to 6,862.


On the upside


Proteostasis Therapeutics (Nasdaq: PTI) reported positive results from three studies, PTI-428, PTI-801 and PTI-808 to treat cystic fibrosis.


GlycoMimetics (Nasdaq: GLYC) reported upbeat updated data from the Phase 1/2 trial for GMI-1271 to treat relapsed/refractory acute myeloid leukemia.


Bargain hunters lifted shares of Syros Pharmaceuticals (Nasdaq: SYRS). 


On the downside 


Two of seven patients in Global Blood Therapeutics (Nasdaq: GBT) study of voxelotor died.


Kosmos Energy (NYSE: KOS) will plug its Lamantin-1 exploration well offshore Mauritania. 


Casey's General Stores (Nasdaq: CASY) reported lower second quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of 6 to 5 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,664. Bitcoin soared $321 to $17,113.


Twitter adds threading feature

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The markets traded mixed during the midday with the Dow soaring 147 points to 24,533. Nasdaq slipped 3 points to 6,871.


Twitter will be adding a new threading feature to its service for users to more easily create a thread. Currently, users reply to their own tweet to continue their conversation and begin a thread. Going forward, users will be able to tap a plus-sign button after hitting the 280 character limit to continue their tweet without having to comment on their previous tweet.


A German regulatory agency discovered two devices in the Volkswagen Touareg designed to defeat emissions tests. Volkswagen has recalled 57,600 Touareg's around the world with 3 liter Euro diesel engines to fix the problem. Germany's Federal Motor Transport Authority has approved the software updates that will be installed in recalled vehicles.


PepsiCo announced that it has reserved 100 electric delivery trucks from Tesla. The Tesla Semis will be used to transport snack foods and beverages  from manufacturing and distribution sites to retail locations. PepsiCo currently has approximately 10,000 delivery trucks and expects to save money on fuel expenses as well as lower emissions by transitioning to electric trucks.


In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 rose 8 points to 2,668. Bitcoin soared $408 to $17,200.


Gain in producer prices lift markets

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Producer prices rose a healthy 0.4% in November to lift the markets to a higher open with the Dow gaining 66 points to 24,452. Nasdaq slipped 3 points to 6,872.


On the upside


Investopedia wrote that Valeant Pharmaceuticals International (NYSE: VRX) should experience strong growth in 2018.


CF Industries (NYSE: CF) announced a tender offer for up to $200 million in senior notes.


AMC Entertainment Holdings (NYSE: AMC) entered a Memorandum of Understanding with The Public Investment Fund of Saudi Arabia to explore commercial opportunities for collaboration. 


On the downside 


Oasys Petroleum (NYSE: OAS) priced its public offering of 32 million common shares at the discounted price of $9.55.


Concerns that Edison International (NYSE: EIX) power lines may have caused multiple massive wildfires in Southern California sent shares of the utility tumbling. 


Iron Mountain (NYSE: IRM) announced a private placement of $825 million in senior unsecured notes to finance its purchase of IO Data Centers.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,661. Bitcoin climbed $242 to $17,034.


The markets advanced to close higher with the Dow gaining 56 points to 24,386 as Cboe Global Markets began trading bitcoin futures. Nasdaq gained 35 points to 6,875.


On the upside


argenx SE (Nasdaq: ARGX) provided an update to its Phase 1/2 clinical trial of ARGX-110 in cutaneous T-cell lymphoma and announced a proposed public offering of $150 million American Depositary Shares.


Blueprint Medicines (Nasdaq: BPMC) reported upbeat new data from an ongoing Phase 1 clinical trial of avapritinib to treat advanced systemic mastocytosis.


Morgan Stanley Investment Management acquired an 11.4% stake in Overstock.com (Nasdaq: OSTK). 


On the downside 


Spark Therapeutics (Nasdaq: ONCE) reported disappointing preliminary results from a Phase 1/2 clinical trial of SPK-8011 to treat hemophilia A.


Syros Pharmaceuticals (Nasdaq: SYRS) presented disappointing preclinical data from an ongoing Phase 1 clinical trial of SY-1365. 


Investors locked in profits on Verastem (Nasdaq: VSTM).


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE while decliners edged out advancers by nearly 6 to 5 on Nasdaq. The broader S&P 500 gained 8 points to 2,659. Bitcoin vaulted $2,704 to $16,964.


Green Monday sales lure shoppers

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The markets traded higher during the midday with the Dow rising 35 points to 24,364. Nasdaq gained 30 points to 6,871.


The second Monday of December was named Green Monday by eBay ten years ago to mark the biggest online shopping day of December. Over the past decade, shoppers flooded ecommerce sites on Green Monday to make their final holiday purchases for delivery before Christmas. Deals today include $20 off for every $100 spent on Target.com and Jet has slashed prices on items such as Google Home Mini from $49 to $29 and Samsung 50 inch 4K HDR Ultra HD LED Smart TV from $549 to $478.


Verizon Communications will pay approximately $2.25 billion for a five year deal to stream National Football League games beginning in January 2018. The agreement includes in-market and national games, including national pre-season, regular season, playoff games and the Super Bowl. The deal does not provide exclusive rights to air the games.


Monsanto has offered a cash incentive to farmers to use its controversial XtendiMax with Vapor Grip herbicide. The herbicide was specially formulated to work with the company's genetically modified soy beans but XtendiMax damaged other crops when the it drifted away from the targeted crop. Monsanto says that the product is safe when used properly.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 rose 6 points to 2,657. Bitcoin rocketed $2,240 to $16,500.


The markets opened flat with the Dow adding 9 points to 24,338 after an explosion at the Port Authority bus terminal. Nasdaq rose 7 points to 6,847.


On the upside


bluebird bio (Nasdaq: BLUE) reported positive updated data from an ongoing HGB-205 clinical study of LentiGlobin to treat severe sickle cell disease and transfusion-dependent B-thalassemia.


Pennsylvania selected CenturyLink (NYSE: CTL) as its network provider.


Bargain hunters lifted shares of Southwestern Energy (NYSE: SWN). 


On the downside 


Juno Therapeutics (Nasdaq: JUNO) and Celgene (Nasdaq: CELG) reported additional upbeat data from the TRANSCEND study of JCAR017 at dose level two but the stock price fell.


Seattle Genetics (Nasdaq: SGEN) presented data from a Phase 3 ECHELON-1 clinical trial of ADCETRIS to treat advanced Hodgkin lymphoma. 


SCANA (NYSE: SCG) has proposed offering its failed nuclear reactor project at the Fairfield County site to South Carolina state utility Santee Cooper.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added a point to 2,652. Bitcoin rocketed $1,890 to $16,150.


Higher close on upbeat jobs data

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Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 117 points to 24,329. Nasdaq gained 27 points to 6,840.


On the upside


SIgma Designs (Nasdaq: SIGM) will be acquired by Silicon Labs (Nasdaq: SLAB) for a premium of approximately $282 million in cash.


Bargain hunters lifted shares of Qudian (NYSE: QD).


Raduis Health (Nasdaq: RDUS) provided promising updated data from a Phase 1 005 clinical study of elacestrant to treat breast cancer. 


On the downside 


The Fujian High Court ruled that Veeco Instruments Shanghai (Nasdaq: VECO) must halt the import, sale and manufacture of Veeco EPIK 700 model NOCVD systems.


Second quarter earnings plunged for American Outdoor Brands (Nasdaq: AOBC) prompting the gun maker to cut its full year forecast. 


Profit taking weighed down shares of Marinus Pharmaceuticals (Nasdaq: MRNS).


In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 climbed 14 points to 2,651. Bitcoin gained $62 to $15,700.


The markets extended its gains during the midday with the Dow climbing 86 points to 24,297. Nasdaq gained 27 points to 6,840.


Starbucks introduced its limited edition Christmas Tree Frappuccino to celebrate the holiday season. The specialty drink tops a Peppermint Mocha Creme Frappuccino with matcha whipped cream in the shape of a Christmas tree and decorated with candied cranberries, caramel drizzle and a strawberry.


JPMorgan Chase will offer discounts to customers who use the bank for multiple services or products. The bank already provides discounted mortgages to customers who maintain an account at one of its branches. JPMorgan Chase chief executive officer Jaime Dimon called the incentives relationship pricing.


November nonfarm payrolls climbed by 228,000 while the October job growth was trimmed to 244,000 from a previously reported 261,000 positions. Average hourly earnings edged up 0.2% or 5 cents on the heels of a 0.1% slip in October. The unemployment rate held steady at 4.1%, the lowest level in 17 years.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2,647. Bitcoin crashed $1,290 to $15,010.


Strong jobs growth lifts markets

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Strong jobs growth lifted the markets to a higher open with the Dow gaining 52 points to 24,263. Nasdaq climbed 47 points to 6,859.


On the upside


Cloudera (NYSE: CLDR) narrowed third quarter losses more than expected.


Alexion Pharmaceuticals (Nasdaq: ALXN) shareholder Elliott Management is asking the company to provide a plan to increase its stock price and advocating for a change to the board.


Vetr upgraded Valeant Pharmaceuticals (NYSE: VRX) from 4 stars to 5 stars. 


On the downside 


Tellurian (Nasdaq: TELL) priced its public offering of 10 million common shares at the discounted price of $10.00 per share.


Investors locked in profits on Ball (NYSE: BALL). 


The Cooper Companies (NYSE: COO) reported higher fourth quarter earnings and revenue but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2,646. Bitcoin plummeted $818 to $15,481.


The markets closed higher with the Dow climbing 70 points to 24,211 as House and Senate Republicans worked on a compromise tax plan. Nasdaq gained 36 points to 6,812.


On the upside


Stryker (NYSE: SYK) will pay a premium of approximately $662 million in cash to acquire Entellus Medical (Nasdaq: ENTL).


SeaChange International (Nasdaq: SEAC) narrowed third quarter losses and announced that its Adrenalin multiscreen video solution was selected to be part of Liberty Global's next-generation video platform.


Shares of Immunomedics (Nasdaq: IMMU) extended its gains. 


On the downside 


LendingClub (NYSE: LC) cut its fourth quarter guidance and forecast 2018 results below expectations.


Third quarter earnings slipped for Argan (NYSE: AGX). 


Duluth Holdings (Nasdaq: DLTH) fell to a loss for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2,636. Bitcoin vaulted $2,097 to $15,775.


Anheuser-Busch orders 40 Tesla trucks

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The markets surged during the midday with the Dow soaring 103 points to 24,244. Nasdaq climbed 46 points to 6,823.


Anheuser-Busch ordered 40 electric trucks from Tesla to deliver its products to wholesalers within 150 to 200 miles of its breweries. The maker of Budweiser beers expects to save money on fuel by investing in electric vehicles. The company has the option to buy the vehicles or to lease them.


General Electric will eliminate 12,000 jobs as part of its plan to improve efficiencies and save $1 billion in 2018. All the layoffs will be from the company's global power business. Workers in Britain, Germany and Switzerland will be the most impacted by the job losses.


Bitcoin surged above $15,000 on the Coinbase exchange early Thursday morning and continued its meteoric rise to top $18,000 before retreating back to the $15,000 range. The cryptocurrency began the year below $1,000. A buying frenzy among speculators over the past few months has propelled the digital currency, which has been in existence since 2009, to staggering heights.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 9 points to 2,639. Bitcoin rocketed $1,666 to $15,344.


The markets opened mixed with the Dow slipping 24 points to 24,116 over a potential government shutdown. Nasdaq rose 9 points to 6,785.


On the upside


Sage Therapeutics (Nasdaq: SAGE) reported positive results from a Phase 2 double-blind, placebo-controlled clinical trial of SAGE-217 to treat moderate to severe major depressive disorder.


Lululemon Athletica (Nasdaq: LULU) reported better than expected earnings and revenue for the third quarter.


Bargain hunters lifted shares Tronox (NYSE: TROX). 


On the downside 


Verint Systems (Nasdaq: VRNT) reversed year ago losses to post a profit for the third quarter but the stock price dropped.


Investors locked in profits on H&R Block (NYSE: HRB). 


Ciena (NYSE: CIEN) reported fourth quarter earnings that fell short of expectations.


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 eased a point to 2,628. Bitcoin rocketed $1,788 to $15,466.


The markets closed mixed with the Dow losing 39 points to 24,140 despite a strong gain in worker productivity. Nasdaq rose 14 points to 6,776.


On the upside


Vera Bradley (Nasdaq: VRA) reported better than expected earnings for the third quarter.


AeroVironment (Nasdaq: AVAV) reversed year ago losses to post an unexpected profit for the second quarter.


Immunomedics (Nasdaq: IMMU) reported positive updated data from a Phase 2 study of sacituzumab govitecan. 


On the downside 


Muddy Waters has taken a short position on OSI Systems (Nasdaq: OSIS).


Investors locked in profits on Valhi (NYSE: VHI). 


Bill Barrett (NYSE: BBG) price its public offering of 21 million shares at the discounted price of $5.00 per share.


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 held steady at 2,629. Bitcoin tumbled $194 to $13,483.


The markets rebounded during the midday with the Dow adding 9 points to 24,190. Nasdaq gained 17 points to 6,779.


In an ongoing dispute with Amazon, Google announced that it will pull its YouTube app from Amazon's Echo Show and Fire TV. Amazon does not offer Google products such as Chromecast and Google Home or offer Amazon Prime Video for Google Cast users. Google has been attempting to resolve the matter with Amazon. 


Canada has abandoned plans to purchase 18 new Boeing F/A-18 Super Hornet jets after Boeing accused Canada of unfairly subsidizing the Bombardier C Series jets. The U.S. Commerce Department hit the Canadian jets with a 300% tariff. Canada will purchase used Australian F/18 jets instead.


Pfizer will sell its own generic version of Viagra when its patent on the male impotency drug expires on Monday. Teva Pharmaceuticals will also begin selling its generic Viagra on Monday but did not disclose a price. Pfizer plans to sell its generic drug for half the price of Viagra, which is priced at $65 per pill.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,632. Bitcoin rocketed $1,334 to $13,064.


Worker productivity rose in the third quarter but the markets opened lower with the Dow slipping 9 points to 24,171 as crude oil prices continued to slide. Nasdaq dropped 20 points to 6,742.


On the upside


UnitedHealth Group will pay approximately $4.9 billion in cash to acquire the primary care unit of DaVita (NYSE: DVA).


Dave & Busters Entertainment (Nasdaq: PLAY) reported higher third quarter earnings that topped analyst estimates as revenue rose.


H&R Block (NYSE: HRB) reported a smaller than expected loss for the second quarter. 


On the downside 


The Federal Trade Commission has filed a complaint to prevent Tronox (NYSE: TROX) from acquiring the titanium dioxide business of Cristal.


Veeva Systems (Nasdaq: VEEV) reported higher third quarter earnings and revenue but the stock price fell. 


Investors locked in profits on Patterson Companies (Nasdaq: PDCO).


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by 4 to 3 on Nasdaq. The broader S&P 500 slipped 3 points to 2,626. Bitcoin rocketed $674 to $12,404.


Markets tumble as crude oil retreats

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Retreating crude oil prices weighed the markets down to a lower close with the Dow plummeting 109 points to 24,180. Nasdaq lost 13 points to 6,762.


On the upside


Revance Therapeutics (Nasdaq: RVNC) reported positive results from two Phase 3 clinic trials of RT002 to treat frown lines.


Barnes & Noble Education (NYSE: BNED) impressed with sharply higher second quarter earnings as revenue rose.


G-III Apparel Group (Nasdaq: GIII) reported higher third quarter earnings that surpassed analyst expectations prompting the company to lift its full year earnings outlook. 


On the downside 


Ascena Retail Group (Nasdaq: ASNA) disappointed with lower third quarter earnings and revenue.


EMCORE (Nasdaq: EMKR) reported higher fourth quarter earnings and revenue but the stock price fell. 


Francesca's Holdings (Nasdaq: FRAN) reported lower third quarter earnings and revenue prompting the company to lower its full year forecast.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 9 points to 2,629. Bitcoin jumped $314 to $11,765.


The markets traded mixed during the midday with the Dow falling 43 points to 24,246. Nasdaq gained 22 points to 6,798.


YouTube will increase the number of human reviewers of content and comments on its site to more than 10,000 in 2018. The video sharing site has come under fire for allowing inappropriate content on its YouTube Kids platform which prompted major companies such as Deutsche Bank, Adidas Mars and Cadbury to suspend their advertising campaigns. YouTube will also implement stricter rules to determine which videos will be allowed to make money through advertisers.


Kroger is recalling one-gallon containers of purified water due to a potential mold contamination. Containers of Comforts for Baby Purified Water with Flouride added with sell-by dates between April 26, 2018 and October 10, 2018 may be contaminated with Talaromyces penicillium. Customers who purchased to affected items have been asked to return the products for refunds.


The European Union's General Court sided with Apple in its trademark case against Xiaomi. Xiaomi's application to trademark Mi Pad for its tablet computer in Europe was challenged by Apple as too similar to Apple's iPad. The European Union Intellectual Property Office had agreed with Apple.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 eased a fraction to 2,638. Bitcoin surged $209 to $11,660.


Mixed open as crude oil slips

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The markets opened mixed with the Dow gaining 45 points to 24,335 as crude oil prices eased. Nasdaq lost 16 points to 6,759.


On the upside


Regal Entertainment (NYSE: RGC) will be acquired by Cineworld Group for approximately $3.6 billion in cash.


HD Supply (Nasdaq: HDS) reported higher third quarter earnings and revenue that topped analyst expectations.


Barclays upgraded Snap (NYSE: SNAP) from an Equal Weight rating to an Overweight rating and lifted its price target from $11 to $18 per share. 


On the downside 


Advisors Asset Management sold more than 10% of its stake in Edison International (NYSE: EIX) in the third quarter.


Fourth quarter earnings and revenue for Toll Brothers (NYSE: TOL) fell short of expectations. 


Retreating gold prices weighed down shares of Sibanye Gold (NYSE: SBGL).


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,639. Bitcoin leaped $301 to $11,751.


The markets retreated to close mixed with the Dow gaining 58 points to close at 24,290 as investors abandoned technology stocks. Nasdaq plummeted 72 points to 6,775.


On the upside


General Cable (NYSE: BGC) will be acquired by Prysmian for a premium of approximately $3 billion in cash.


Bue Apron (NYSE: APRN) has replaced former chief executive Matthew Salzburg with former chief financial officer Brad Dickerson.


Shares of Cameco (NYSE: CCJ) climbed after rival uranium producer Kazatomprom announced that it would cut production by 20% beginning in 2018. 


On the downside 


Ra Pharmaceuticals (Nasdaq: RARX) reported positive interim results from an ongoing Phase 2 clinical program evaluating RA101495 SC to treat paroxysmal nocturnal hemoglobinuria but the stock price plunged.


Investors locked in profits on Windstream Holdings (Nasdaq: WIN). 


Roth Capital analyst Phillip Shen lifted his price target on Daqo New Energy (NYSE: DQ) from $50 to $65 but the stock price plummeted.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 2,639. Bitcoin leaped $307 to $11,457.


The markets traded mixed during the midday with the Dow soaring 129 points to 24,361. Nasdaq dropped 44 points to 6,803.


Weight Watchers announced that more than 200 food items will be added to its Zero Points foods list. People will now be able to eat as much lean protein items, such as skinless chicken breast, nonfat plain yogurt, and lentils, as they want and still achieve their goal. The update simplifies the company's weight loss program and is designed to attract new members.


Facebook introduced its new Messenger Kids app geared for children under the age of 13. Parents control the app that kids can use to talk or text with family and friends who are on an approved contacts list. Currently, there is only an iOS version of the app but Messenger Kids will be available on Amazon and Google early next year.


Apple will begin paying approximately $14.5 billion in back taxes that it owes to the Irish government in the first quarter of 2018. Both Ireland and Apple dispute the ruling by the European Commission that Ireland gave Apple a sweetheart tax deal and have appealed the decision. The money will be deposited into an escrow account until the appeals process is completed.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while decliners were on par with advancers on Nasdaq. The broader S&P 500 rose 5 points to 2,647. Bitcoin slipped $11 to $11,138.


The markets surged to open sharply higher with the Dow leaping 193 points to 24,424 after the Senate passed its tax overhaul bill. Nasdaq soared 50 points to 6,897.


On the upside


Macy's (NYSE: M) will hire 7,000 additional seasonal workers in response to strong holiday sales.


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


Infosys (NYSE: INFY) named Salil S. Parekh to the position of chief executive officer. 


On the downside 


CVS (NYSE: CVS) will pay approximately $69 billion in cash and stock to acquire Aetna (NYSE: AET).


Stock News Gazette noted that Advanced Micro Devices (Nasdaq: AMD) insiders executed 16 sell transactions and no buy transactions in the past three months. 


MKM Partners expects Finisar (Nasdaq: FNSR) to report disappointing results for the second quarter.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 15 points to 2,657. Bitcoin soared $164 to $11,314.


The markets closed lower with the Dow falling 40 points to 24,231 after former national security advisor Michael Flynn pleaded guilty to lying to the FBI. Nasdaq lost 26 points to 6,847.


On the upside


American Woodmark (Nasdaq: AMWD) reported higher second quarter earnings and revenue and announced plans to acquire RSI Home Products for approximately $486 million in cash and stock.


The Food and Drug Administration approved Foundation Medicine's (Nasdaq: FMI) FoundationOne CDx diagnostic test for solid tumors.


Bargain hunters lifted shares of Stitch Fix (Nasdaq: SFIX). 


On the downside 


Genesco (NYSE: GCO) fell to a greater than expected loss for the third quarter.


Zumiez (Nasdaq: ZUMZ) reported higher third quarter earnings and revenue but the company forecast slowing growth in the fourth quarter. 


The underwriters of Sogou's (NYSE: SOGO) initial public offering have exercised their over allotment option.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by a margin of more than 3 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 2,642. Bitcoin rocketed $998 to $10,848.


Amazon explores drug purchasing

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The markets retreated during the midday with the Dow tumbling 91 points to 24,180. Nasdaq dropped 45 points to 6,828.


Amazon has engaged in early stage conversations with generic drug makers for potential business opportunities. No details have been revealed about the meetings with companies such as Mylan and Novartis unit Sandoz. Amazon is reportedly interested in drug purchasing.


Apple partnered with Stanford Medicine on the Apple Heart Study app which will monitor and detect irregular heart rhythms. A sensor in the Apple Watch will gather data at four different points on a user's wrist to determine the amount of blood that is flowing through the arm. A notification will be sent to users if an irregular heart rhythm is detected.


A proposed class action lawsuit against Capital One for collecting illegal overdraft fees was revived by an appeals court. A lower court had dismissed the case that accused the bank of breach of contract by wrongfully imposing overdraft fees when sufficient funds were in customer accounts to cover purchases. Capital One has maintained that the bank has sole discretion in processing checks, automatic payments and withdrawals on customer accounts.


In the broad market, declining issues were on par with advancers on the NYSE while decliners outpaced advancers by a margin of more than 5 to 3 on Nasdaq. The broader S&P 500 fell 11 points to 2,636. Bitcoin jumped $704 to $10,554.


The markets opened mixed with the Dow rising 33 points to 24,305 while Nasdaq fell 29 points to 6,844 as lawmakers raised concerns about the tax bill.


On the upside


Nutanix (Nasdaq: NTNX) narrowed losses for the first quarter as revenue surged.


Ambarella (Nasdaq: AMBA) reported better than expected earnings for the third quarter.


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


On the downside 


Profit taking weighed down shares of Rite Aid (NYSE: RAD).


Ulta Beauty (Nasdaq: ULTA) reported higher third quarter earnings and revenue but same store sales growth dropped. 


Shares of Momo (Nasdaq: MOMO) fell for the eighth day.


In the broad market, declining issues were on par with advancers on the NYSE while decliners outpaced advancers by a margin of more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2,645. Bitcoin leaped $743 to $10,592.


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