Consumer Discretionary Stocks Beginning to Pare Earlier Declines

Consumer Discretionary Stocks Beginning to Pare Earlier Declines

Consumer stocks were mixed in mid-day trade, with shares of consumer staples companies in the S&P 500 climbing almost 0.5% while shares of consumer discretionary firms in the S&P 500 were slipping about 0.2%. In company news, shares of Five Below (FIVE) advanced Friday after the youth-oriented retailer reported Q3 net income beating analyst forecasts. The company earned $0.10 per share during the July-to-October quarter, reaching the top end of […]

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Farmland Partners Shares Drop 6%

Farmland Partners Shares Drop 6%

Farmland Partners shares fell 6% morning trading on Wednesday after the internally managed real estate company priced its underwritten public offering of 3.1 million shares at $11.25 per share, a 5% discount to the share’s closing price on Tuesday. The offering, expected to close on Dec. 5, aims to make gross proceeds to the company of $33.3 million. The company has granted the underwriters a 30-day option to purchase up […]

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Ballard Power Systems Shares Rise 6%

Ballard Power Systems Shares Rise 6%

Ballard Power Systems shares rose 6% during after-hours trading Tuesday after the company said it had agreed to sell 10 fuel cell modules to Poland-based Solaris Bus & Coach for the company’s fuel cell buses. Deliveries are set to start in 2017, and Solaris’ first order contained 10 FCveloCity-HD fuel cell modules, each module has 85 kilowatts. The buses are a “highly flexible clean energy mass transportation solution, since they […]

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Cyber Monday Sales Show Early Increase for Online Retailers After Black Friday Surge

Cyber Monday Sales Show Early Increase for Online Retailers After Black Friday Surge

Cyber Monday sales increased by 10% to $540 million in early data from Adobe Digital Insights, with Star Wars Lego sets and Samsung 4K televisions among top sellers. The data was updated as of 10 a.m. ET, according to ADI’s website, which predicted online sales of $3.36 billion for growth of 9.4%. Earlier on Monday, IBM (IBM) said Cyber Monday sales are seen growing by double digits around the world […]

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European Equity Benchmarks Close Higher

European Equity Benchmarks Close Higher

The broad-based major European indices closed the week higher in Friday’s trading session, as rising pharmaceutical stocks countered slumping banks and financial stocks. In economic news, U.K.’s gross domestic product in volume terms grew 0.5% between Q2 and Q3, according to the Office for National Statistics. Compared to the same period last year, GDP in terms of volume increased 2.3%. It is the 15th consecutive quarter of positive growth since […]

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Asian ADRs Move Lower in Wednesday Trading

Asian ADRs Move Lower in Wednesday Trading

American depository receipts of Asian stocks were trading 0.71% lower at 142.04 on the Bank of New York Mellon Asia ADR Index on Wednesday. In North Asia, the gainers were led by NQ Mobile (NQ), a provider of mobile Internet services, and GDS Holdings (GDS), an operator of data centers in China, which rose 1.8% and 1.5% respectively. They were followed by Tarena (TEDU), a provider of professional education services, […]

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Alaska Air Group Launches First-Ever Nonstop Flight Service Between San Diego, New York City Area

Alaska Air Group Launches First-Ever Nonstop Flight Service Between San Diego, New York City Area

Alaska Air Group said Monday that it was now offering its first-ever nonstop flight between San Diego and the greater New York City area, to Newark, New Jersey. The daily flights, which will begin Monday, are just a continuation of the airline’s growing presence from the West Coast to the New Jersey airport. In 2016, Alaska has already launched services between Portland and Newark, and is expected to start service […]

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Tech Stocks Ending Higher For a Second Day

Tech Stocks Ending Higher For a Second Day

Technology stocks put up sizable gains for a second day in a row Wednesday, with shares of tech companies in the S&P 500 advancing over 0.9% today. In company news, JinkoSolar (JKS) advanced Wednesday after the photovoltaic panels company today reported Q3 net income and revenue handily exceeding Wall Street expectations and raised its FY16 shipments guidance. Excluding one-time items, the company earned $1.40 per American depositary share, up from […]

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ViaSat Commences 6.5 Mln Offering of Common Stock

ViaSat Commences 6.5 Mln Offering of Common Stock

ViaSat, a broadband technologies and services company, said late Tuesday that it has commenced an underwritten public offering of 6,500,000 shares of its common stock. The company said it intends to grant the underwriters an option to purchase up to an additional 975,000 shares within 30 days after the offering. ViaSat expects to use the net proceeds from the offering for general corporate purposes, which may include financing costs related […]

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Verisk Analytics Acquires UK-Based GeoInformation Group

Verisk Analytics Acquires UK-Based GeoInformation Group

Verisk Analytics, a data analytics provider, said Monday it acquired The GeoInformation Group, a company that’s involved in geographic data solutions and based in Cambridge, United Kingdom. Shares drifted slightly lower. GeoInformation offers mapping services and geospatial data and analytic solutions to an array of companies and more than 300 public sector organizations. Financial terms of the acquisition weren’t disclosed. “This acquisition expands Verisk’s footprint in the U.K. as a […]

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Intercept Pharmaceuticals Says Data Show Improvement in Liver Fibrosis in PBC Patients

Intercept Pharmaceuticals Says Data Show Improvement in Liver Fibrosis in PBC Patients

Intercept Pharmaceuticals said Friday that data from a phase 3 trial of Ocaliva in patients with primary biliary cholangitis showed a reduction in liver stiffness compared to placebo. The data will be presented at the American Academy for the Study of Liver Diseases in Boston between Nov. 11 and Nov. 15. A second presentation evaluated the efficacy and safety of Ocaliva in a subset of patients with cirrhosis who were […]

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Radiant Logistics Posts Q1 EPS Beat, Misses on Revenue

Radiant Logistics Posts Q1 EPS Beat, Misses on Revenue

Radiant Logistics rose 6.5% in Thursday’s afternoon trade after the company reported financial results for fiscal Q1, with better-than-expected earnings and revenue that fell short. For the quarter ended Sept. 30, the provider of multi-modal transportation and logistics services said late Wednesday adjusted earnings attributable to common stockholders was $0.08 per share, compared with the prior-year period’s $0.09 per share. Analysts polled by Capital IQ were expecting EPS of $0.05. […]

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Total to Develop World’s Largest Gas Field in Iran

Total to Develop World’s Largest Gas Field in Iran

Total American depository shares were slightly higher on Tuesday after the oil company said it struck a deal with the National Iranian Oil Company to develop phase 11 of South Pars, the world’s largest gas field. The project will have a production capacity of 1.8 billion cubic feet per day, or 370,000 barrels of oil equivalent per day. The gas will be fed into Iran’s gas network. Total said it […]

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VALE S.A Hits Highest Since May 2015 After Brazil President Says Won’t Push for New CEO Until Next Year

VALE S.A Hits Highest Since May 2015 After Brazil President Says Won’t Push for New CEO Until Next Year

VALE S.A ¬†was up more than 6%, off the the highest level since May 2015 hit earlier, after Brazilian President Michel Temer said he would not push to replace the company’s CEO until the current executive’s mandate expires in May, according to Reuters, citing local newspaper Folha de S.Paulo over the weekend. Temer has been seeking a replacement for CEO Murilo Ferreira, who was the preferred choice of impeached former […]

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Energy Stocks Starting to Struggle to Stay on Positive Ground

Energy Stocks Starting to Struggle to Stay on Positive Ground

Energy stocks have turned narrowly mixed in recent trade, with the NYSE Energy Sector Index rising about 0.1% while shares of energy companies in the S&P 500 were down about 0.2% as a group. Crude oil for December delivery was down 69 cents at $44.65 per barrel while December natural gas futures were 4 cents higher at $2.83 per 1 million BTU. In company news, WPX Energy (WPX) rose Thursday […]

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Consumer Staple Stocks Scratch Out Small Gain Wednesday

Consumer Staple Stocks Scratch Out Small Gain Wednesday

Consumer stocks were ending mixed today, with shares of consumer staples companies the lone sector in the S&P 500 to advance today, rising less than a 0.1% while shares of consumer discretionary firms in the S&P 500 slipped about 0.4%. In company news, Angie’s List (ANGI) still was edging higher in late Wednesday trading after the consumer-review website company on Tuesday said it is exploring options to speed its growth. […]

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Neovasc Tumbles 27.5% After Losing Patent Case Against CardiAQ

Neovasc Tumbles 27.5% After Losing Patent Case Against CardiAQ

Neovasc (NVCN) is down 27.5% after the company said it lost a patent case. CardiAQ filed suit against Neovasc in the United States District Court for the District of Massachusetts in 2014 on the issue of inventorship of Neovasc’s ‘964 Patent. The judge denied CardiAQ’s motion for an injunction that would have shut down the development of Tiara, thus allowing Neovasc to continue development and commercialization of Tiara, while also […]

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Republic Services Posts Q3 EPS Beat, Revenue In Line; Boosts FY16 EPS Outlook In Line; Issues FY17 EPS Outlook In Line

Republic Services Posts Q3 EPS Beat, Revenue In Line; Boosts FY16 EPS Outlook In Line; Issues FY17 EPS Outlook In Line

Republic Services (RSG) rose 2% in Friday’s afternoon trade after the company reported financial results for Q3, with better-than-expected earnings and revenue that came in line; it raised its earnings guidance for fiscal 2016 and provided preliminary earnings outlook for fiscal 2017 in line with Street estimates. The provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services posted Q3 earnings of $0.62 per share, compared with the […]

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Pending Home Sales Up 1.5% Beat Expectations as South, West See Improvements

Pending Home Sales Up 1.5% Beat Expectations as South, West See Improvements

Pending home sales rose 1.5% in September after a “notable” decline the prior month, the National Association of Realtors said in a report on Thursday, beating estimates for a gain of 1%. Increases in the south and west pushed the index to a reading of 110, up from 107.4 in September 2015, the NAR said. The Pending Home Sales Index fell 1.6% to a 96.5 reading on the northeast and […]

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December Rate Hike Remains Likely

December Rate Hike Remains Likely

CMEGroup fed funds futures remain heavy, in tandem with the weakness in Treasuries. The rise in implied rates now shows about a 72% implied rate increase for December, with the markets seeing strong probability for a Federal Reserve rate hike by year-end. Few anticipate any action at next week’s Nov. 1 to 2 policy meeting due to the proximity of the Nov. 8 national elections. Participants expect to read something […]

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Freeport-McMoRan Q3 Results Miss Views; Says On Track to Meet Debt Reduction Targets

Freeport-McMoRan Q3 Results Miss Views; Says On Track to Meet Debt Reduction Targets

Freeport-McMoRan (FCX) reported pre-market Tuesday it swung to a Q3 adjusted profit of $0.13 per share from an adjusted loss of $0.15 per share a year earlier, which missed the $0.19 per share consensus compiled by Capital IQ. On a reported basis, the natural resource giant swung to a profit of $217 million or $0.16 per share from a loss of $3.83 billion or $3.58 per share in the year-ago […]

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Stock Indexes Higher in Early Trading on M&A Activity, Positive Manufacturing Data

Stock Indexes Higher in Early Trading on M&A Activity, Positive Manufacturing Data

Stock indexes were higher in early trading on Monday as a spate of mergers and acquisitions boosted investor sentiment and the government said manufacturing rose to the highest in a year. AT&T (T) will acquire Time Warner (TWX), the owner of HBO, Warner Brothers Enteratainment and Turner, in a transcation valued at almost $109 billion. Time Warner shareholders will received $107.50 a share from AT&T, including $53.75 in cash and […]

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Oil Prices Head South as Greenback Gains, WTI Trading Around $51 Per Barrel

Oil Prices Head South as Greenback Gains, WTI Trading Around $51 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in December were 1.4% lower at $51.08 per barrel during Thursday’s pre-market trading session while Brent oil futures for delivery in the same month were down by 1.5% at $51.85 per barrel. The pre-bell price declines partially erase gains recorded on Wednesday after government data showed that inventories of oil contracted by more than expected. It also coincides with an increase […]

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Freeport-McMoRan Up 2% – to Sell Calif. Oil & Gas Assets to Sentinel Peak Resources In $742 Mln Deal

Freeport-McMoRan Up 2% – to Sell Calif. Oil & Gas Assets to Sentinel Peak Resources In $742 Mln Deal

Shares of Freeport-McMoRan (FCX) were up pre-market Friday after the natural resource giant said it sealed a deal to sell its onshore oil and gas properties in California to Sentinel Peak Resources California for $742 million, which includes a contingent consideration. Under the terms of the agreement, Freeport will receive a $592 million cash consideration at closing and $50 million in additional consideration per year for 2018, 2019, and 2020 […]

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Boeing Opens New $300 Mln Commercial Airplane Factory in St. Louis

Boeing Opens New $300 Mln Commercial Airplane Factory in St. Louis

Boeing (BA) opened its first commercial airplane factory in St. Louis on Thursday, the company said. The new $300 million “composite center” is an effort by the aircraft and parts manufacturer to expand its St. Louis operations. As a result, the company said it expects to bring in about 700 new jobs to St. Louis in production, engineering and other areas by the early 2020s. The facility is 424,000 square […]

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