TrovaGene IncTROV shares fell 40.7 percent to $0.26 in pre-market trading. Trovagene priced its 15 million share common stock offering at $0.30 per share. One Horizon Group IncOHGI shares fell 11.7 percent to $2.72 in pre-market trading after surging 185.16 percent on Thursday. CSX CorporationCSX fell 12.1 percent to $50.35 in pre-market trading following announcement that the CEO […]
ShiftPixy IncPIXY rose 109.7 percent to $4.55 in pre-market trading following Q4 earnings report. ShiftPixy reported sales of $20.244 million in the fourth quarter, up from $8.46 million year-over-year. The company sees first quarter gross billings of $40 million. Diana Containerships IncDCIX rose 49.9 percent to $7.30 in pre-market trading after falling 7.06 percent on Thursday. DDR […]
5 Stocks To Watch For December 15, 2017 Some of the stocks that may grab investor focus today are: Adobe Systems IncorporatedADBE posted stronger-than-expected profit for its fourth quarter. Adobe shares rose 0.91 percent to $176.60 in the after-hours trading session. Jabil IncJBL reported better-than-expected results for its first quarter and also issued second quarter sales guidance […]
The Empire State manufacturing index for December is schedule for release at 8:30 a.m. ET. Data on industrial production for November will be released at 9:15 a.m. ET. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET. The Treasury International Capital data for October […]
Insider Trading: Purchases Insider Price Amount Relationship Remaning Holdings Date Form 4 Ng $1.85 36,600 Large Shareholder, Officer, Director 3,036,600 2017-05-25 Filing
Goldman Sachs analyst Waqar Syed believes frac sand fundamentals are becoming “Very Tight“ Analyst expects frac sand prices to continue to march higher for next several years. Goldman Sachs Analyst comments: “We believe investors are overly concerned about regional supply additions … Practical issues such as permitting, contracting and infrastructure constraints will likely limit supply adds” Analyst raised raised his price target on U.S. Silica Holdings (NYSE: SLCA) to $64.00 while maintaining a “BUY” rating. Raised 2017 EBITDA estimate from $284.9 million -to- (new) $351.1 million This positive view … Constitutes an upward revision of +23.00 percent He also raised his 2018-2020 EBITDA average estimates from $636 million to $658 million. FY 2017 EPS estimate rises from $1.27 to $1.80 FY 2018 EPS estimate rises from $3.35 to $3.51 FY 2019 EPS estimate rises from $4.06 to $4.21.
Michael Kors Holdings Ltd KORS 10.3% shares are trading lower by $3.65 (down 10 percent) at $33.07 in Wednesday’s session. Before the open, the company reported a fourth-quarter EPS beat of $0.03 along with a slight revenue beat. However, the Street is focusing on its much lower guidance for Q1 and fiscal year 2018 EPS and sales. After a lower open, it had a brief spike to $33,85 before continuing its move lower. So far, the ensuing decline has taken the issue to $32.55 and is now attempting to remain in the $33.00 handle. The issue is now trading at levels not seen since February 2012, when it bottomed at $30.76
Following the market opening Wednesday, the Dow traded down 0.32 percent to 20,962.22 while the NASDAQ declined 0.53 percent to 6,170.63. The S&P also fell, dropping 0.29 percent to 2,405.94. Leading and Lagging Sectors; Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. In trading on Wednesday, basic materials shares fell 0.86 percent. Meanwhile, top losers in the sector included Cliffs Natural Resources Inc CLF 7.74%, down 9 percent, and Koppers Holdings Inc. KOP 7.08%, down 8 percent. Top Headline; Michael Kors Holdings Ltd KORS 10.3% posted a loss for its fourth quarter loss and announced plans to close between 100 and 125 stores over the next 2 years. The company also issued a weak earnings forecast for the current quarter. However, the company’s adjusted earnings for the fourth quarter exceeded expectations. Michael Kors posted Q4 earnings of $0.73 per share on revenue of $1.06 billion. However, analysts were expecting earnings of $0.70 per share on revenue of $1.05 billion. Equities Trading UP; J.Jill Inc JILL 9.86% shares shot up 12 percent to $12.63. J Jill posted Q1 earnings of $0.24 per share on sales of $166.1 million. J Jill expects Q2 earnings of $0.27 to $0.29 per share. Shares of Mechel PAO (ADR) MTL 9.6% got a boost, shooting up 11 percent to $5.64. Mechel’s net profit for the first quarter surged to 13.9 billion roubles ($245 million), from 312 million roubles in the year-ago period. Columbus McKinnon Corp. CMCO 9.1% shares were also up, gaining 11 percent to $27.03. Columbus McKinnon posted Q4 adjusted earnings of $0.40 per share on revenue of $183.7 million. Equities Trading DOWN;Michael Kors Holdings Ltd KORS 10.3% shares dropped 9 percent to $32.99 after the company posted a loss for its fourth quarter loss and announced plans to close between 100 and 125 stores over the next 2 years. The company also issued a weak earnings forecast for the current quarter. Shares of EnerSys ENS 8.93% were down 8 percent to $76.50 after the company posted downbeat quarterly earnings. Koppers Holdings Inc. KOP 7.08% was down, falling around 8 percent to $34.65. Jefferies downgraded Koppers Holdings from Buy to Hold. Commodities; In commodity news, oil traded down 2.22 percent to $48.56 while gold traded up 0.26 percent to $1,269.00. Silver traded down 0.44 percent Wednesday to $17.35, while copper fell 0.08 percent to $2.562. Eurozone; European shares were higher today. The eurozone’s STOXX 600 gained 0.43 percent, the Spanish Ibex Index rose 0.67 percent, while Italy’s FTSE MIB Index gained 0.56 percent. Meanwhile the German DAX climbed 0.77 percent, and the French CAC 40 rose 0.51 percent while U.K. shares rose 0.68 percent. Economics; The Johnson Redbook Retail Sales Index declined 1.1 percent during the first four weeks of May versus April. The Chicago PMI declined to a reading of 55.2 in May, versus 58.3. The pending home sales index dropped 1.3 percent to 109.8 in April, versus a revised reading of March. Economists were expecting a 0.3 percent gain in April. The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET. Data on farm prices for May will be released at 3:00 p.m. ET. San Francisco Federal Reserve Bank President John Williams is set to speak in Seoul at 7:30 p.m. ET.
Michael Kors Holdings LtdKORS shares fell 6.4 percent to $33.95 in the pre-market trading session after the company posted a loss for its fourth quarter loss and announced plans to close between 100 and 125 stores. However, the company’s adjusted earnings exceeded expectations. The company also issued a weak earnings forecast for the current quarter. Golden Ocean Group LtdGOGL fell 6.2 percent to $5.76 in pre-market trading after dropping 3.61 percent on Tuesday. Apollo Commercial Real Est. Finance IncARI shares fell 4.3 percent to $18.17 in pre-market trading. Apollo Commercial Real Estate reported a 12 million share offering. Cliffs Natural Resources IncCLF fell 2.6 percent to $6.04 in pre-market trading after rising 0.98 percent on Tuesday. AK Steel Holding CorporationAKS fell 2.1 percent to $6.07 in pre-market trading after rising 6.90 percent on Tuesday. Rio Tinto plc (ADR)RIO shares fell 2.1 percent to $40.44 in pre-market trading after gaining 0.78 percent on Tuesday.
Danaos Corporation DACrose 18.5 percent to $1.60 in pre-market trading after the company reported stronger-than-expected results for its first quarter. EnteroMedics IncETRM rose 14.4 percent to $5.80 in pre-market trading. EnteroMedics disclosed that its vBloc Neurometabolic Therapy was implanted for the first time. Mechel PAO (ADR)MTL rose 12.4 percent to $5.70 in pre-market trading. Mechel’s net profit for the first quarter surged to 13.9 billion roubles ($245 million), from 312 million roubles in the year-ago period. Jill IncJILL rose 10.9 percent to $12.50 in pre-market trading. J Jill posted Q1 earnings of $0.24 per share on sales of $166.1 million. J Jill expects Q2 earnings of $0.27 to $0.29 per share. EXACT Sciences Corporation EXASrose 8.2 percent to $35.30 in pre-market trading following disclosure that United Healthcare will cover Exact Sciences Cologuard effective 7/1. GlycoMimetics IncGLYC rose 4.3 percent to $14.00 in pre-market trading after gaining 3.23 percent on Tuesday. Analog Devices, Inc.ADI shares rose 4.1 percent to $88.29 in pre-market trading after reporting upbeat quarterly earnings. Frontline Ltd.FRO shares rose 3.3 percent to $5.59 in pre-market trading. Frontline is in talks to acquire Gener8 Maritime, Dow Jones reported. Array Biopharma IncARRY rose 3.1 percent to $8.10 in pre-market trading. Array BioPharma and Ono Pharmaceutical reported a license, development and commercialization partnership for binimetinib and encorafenib. Bright Scholar Education Holdngs Ltd-ADRBEDU shares rose 3.1 percent to $11.90 in pre-market trading after gaining 2.03 percent on Tuesday. Quality Systems, Inc.QSII gained 3 percent to $15.53 after gaining 2.45 percent on Tuesday. Manchester United PLCMANU shares rose 3 percent to $17.40 in pre-market trading after declining 2.31 percent on Tuesday. Iron Mountain Incorporated (Delaware) REITIRM shares rose 2.7 percent to $36.00 in the pre-market trading session after slipping 0.37 percent on Tuesday. Maxim Integrated Products Inc.MXIM shares rose 2.7 percent to $49.00 in pre-market trading after gaining 0.70 percent on Tuesday.