2017

Oct
25

US stock market news - NYSE, NASDAQ on 25.10.2017

Learning stock trading on the NYSE, Nasdaq, Amex

● Investment Fund Global Infrastructure Partners has agreed to buy the company Equis Energy, Singapore developer projects in the field of renewable energy, for a record for the industry $5 billion, writes Bloomberg.
● The Dow Jones reached a record. The Dow Jones industrial average rose sharply on Tuesday on the back of strong quarterly results of 3M and Caterpillar, according to CNBC.
● American private equity Fund Cerberus Capital Management has expressed interest in buying Alitalia, experiencing financial problems. Cerberus wants, Alitalia to remain an independent airline. But before their proposals already made to EasyJet and Lufthansa

● Major US banks have to raise Deposit rates, to keep wealthy clients
● Three major shareholders Deutsche Boerse want, its CEO Carsten Kengeter has resigned after, as the court rejected his attempt to settle charges of insider trading
● ICO become very popular this year, but now many investors are beginning to ask questions. New concern arose after, as co-founder Tezos Kathleen Breitman said, sold startup tokens for $232 million should be considered a donation, and not investment
● Clearing organization of the USA deny the assumption of the Director of the National economic Council Gary con, they have become too large and pose a risk to the financial system. As evidence, they cite the results of stress tests
● New Bad Rabbit virus has started to infect computers and demand for the decryption of their files ransom in bitcoins. By Tuesday night it had spread to Russia, in Ukraine, in the United States and some other countries
● Twitter plans to make more transparent advertising, especially political, on its platform. It will also disclose the expenses of customers to political campaigns. Twitter has taken such a step amid preparations bill in the United States, regulating these issues
● Nintendo will release a version of the game Animal Crossing for smartphones. This may allow it to increase the revenues of the mobile business
● Coca-Cola Co. (NYSE: KO) reported receiving in 3 quarter income $1,45 billion (33 cents per share) compared to $1,05 billion (24 cents per share) a year earlier. Operating profit amounted to 50 cents per share vs 49 cents.
● Norfolk Southern (NYSE: NSC) reported receiving in 3 quarter income $506 million ($1,75 per share) compared to $460 million ($1,55 per share) a year earlier. The revenue for the period rose to $2,67 billion $2,52 billion.
● Advanced Micro Devices Inc. (NYSE: AMD) reported receiving in 3 quarter income $71 million (7 cents per share) in comparison with a loss $406 million (50 cents per share) a year earlier. Operating profit amounted to 10 cents per share vs 3 cents.
● AT&T Inc. (NYSE: T) reported receiving in 3 quarter income $3 billion (49 cents per share). Operating profit amounted to 74 cents per share, as in the previous year. The revenue for the period fell to $39,7 billion $40,9 billion
● Int'l Paper (IP) in the third quarter 2017 fiscal year (FG) reached $1.08 per share (against $0.91 in the third quarter 2016 FG), что оказалось выше среднего прогноза аналитиков на уровне $1.05.
● Visa (V) in the fourth quarter 2017 fiscal year (FG) reached $0.90 per share (against $0.78 in the fourth quarter 2016 FG), что оказалось выше среднего прогноза аналитиков на уровне $0.85.
● Freeport-McMoRan (FCX) in the third quarter 2017 fiscal year (FG) reached $0.34 per share (against $0.13 in the third quarter 2016 FG), что оказалось выше среднего прогноза аналитиков на уровне $0.31.
● Boeing (BA) in the third quarter 2017 fiscal year (FG) reached $2.72 per share (against $3.51 in the third quarter 2016 FG), что оказалось выше среднего прогноза аналитиков на уровне $2.66.
● AT&T (T) in the third quarter 2017 fiscal year (FG) reached $0.74 per share (against $0.74 in the third quarter 2016 FG), that was below the average forecast of analysts at level $0.75.
● Mastercard opened its blockchain for payment transactions
● Bad news for taxi drivers in new York: Uber has captured a major share of the market
● Tesla is investing in the construction of a plant in Shanghai

Gapping down
In reaction to disappointing earnings/guidance
:

  • ACHC -22.3%, AMD -10.7%, CMG -10.6%, MANH -9.9%, GHM -8.5%, JNPR -6.7%, THAT ONE -6.3%, VICR -6.3%, DPS -5.1%, SFLY -3.6%, NBR -3.4%, EXP -3.3%, DFS -3.1%, WYN -2.3%, AMX -2.1%, T -2%, TXN -1.7%, OC -1.6%, ESRX -1.4%, ROL -1.1%

Other news:

  • SNSS -13.5% (commences offering of common stock and Series D Convertible Preferred Stock)
  • SVRA -11% (commences common stock offering; size not disclosed; anounces its indication expansion strategy of its lead product candidate Molgradex for the treatment of nontuberculous mycobacterial lung infection; plans to initiate a Phase 2a multi-center clinical trial in subjects with antibiotic-resistant NTM lung infection in early 2018)
  • HCM -9.4% (to offer $262.0 million of ADS’s, each representing one-half of one ordinary share )
  • IDRA -8.7% ( commences $60 mln common stock offering)
  • SALT -7.8% (commences 10 mln common stock offering )
  • BIOA -6.5% (accepted the resignation of Pres/COO Fabrice Orecchioni; will be assuming advisory role through to February 24, 2018)
  • SACH -6% (prices 3.75 mln common stock offering at $4.00/share)
  • PFLT -4.5% (to make a public offering of 6,000,000 shares of its common stock )
  • ATNM -4.1% ( indicated lower after filing for $200 mln mixed securities shelf offering and $75 mln ATM under 424B3)
  • IMDZ -1.1% (prices 18.5 mln shares of common stock at $4.10 per share)
  • NVDA -0.5% (following AMD results)

Analyst comments:

  • RCII -5.3% (downgraded to Market Perform from Outperform at BMO Capital Markets)
  • IIP -1.7% (downgraded to Market Perform from Outperform at BMO Capital Markets)
  • GM -1.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
  • HBI -1% (downgraded to Market Perform from Outperform at Wells Fargo)
  • NVS -0.5% (downgraded to Underweight from Equal Weight at Barclays)

Gapping up
In reaction to strong earnings/guidance
:

  • APOP +25.4%, CAPR +18.6%, AKAM +8.5%, MDCO +8.1%, IRBT +5.6%, USNA +4.5%, WBA +4.4%, MKSI +4.3%, KRA +4.1%, LPL +4.1%, RES +3.5%, RGC +3.4%, BTI +3.1%, (provides update to outlook at its Capital Markets Day), TUP +3%, NOC +2.9%,TSS +2.7%, OFG +2.5%, FLIR +2.5%, AMED +2.4%, WB +2.3%, (also commences $700 mln offering of convertible senior notes due 2022 ), ILMN +2%, COF +1.9%, LYG +1.7%, HES +1.7%, SIX +1.5%, VNOM +1.4%, BXMT +1.4%, SIRI +1.4%, AVY +1.1%,CNI +1%, NUVA +1%, CEO +0.8%, AOS +0.8%, BAX +0.6%

M&A news:

  • S +1.4% (T-Mobile US and Sprint (S) are preparing Boards for merger decision, according to Reuters)

Other news:

  • BONT +21.2% (after closing near highs on credit facility update)
  • OSTK +4.4% (extending today’s move higher after confirming key details on tZERO’s ICO at Money 20/20 )
  • LL +4.4% (disclosed memorandum of understanding to settle class actions related to Chinese-Laminate flooring )
  • SENS +3.3% (continued strength)
  • ANTM +2.8% (announces that the Co has successfully activated fifteen clinical trial sites in the pivotal Phase 3 SIERRA trial for Iomab-B)
  • MZOR +2.3% (reports 379-Patient controlled study also reveals seven-fold reduction in revision surgery)
  • AMC +1.4% (following RGC results)
  • TNDM +1.1% (to make any new features approved for the t:slim X2 Insulin Pump by the FDA in 2018 available to all in-warranty users at no cost through the Tandem Device Updater )
  • VRAY +0.9% (raised approx $50 mln through offering)

Analyst comments:

  • ALDX +4.8% (initiated with a Overweight at Cantor Fitzgerald)
  • ILMN +2% (upgraded to Outperform at Robert W. Baird)
  • LDOS +1.4% (upgraded to Outperform from Market Perform at Wells Fargo)
  • UAL +1% (upgraded to Outperform at Evercore ISI)
Stream of transactions Day Trading on NYSE NASDAQ

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