Stock Market

Top Health Care Stocks JNJ -0.65% PFE +0.66% MRK +0.09% ABT -0.53% AMGN +0.38% Health care stocks were slightly higher in late trade, with the NYSE Health Care Index adding about 0.1% in value in recent trade while shares of health care companies in the SP 500 also were up nearly 0.1% as a group. In company news, Aurinia Pharmaceuticals Inc ( AUPH ) rose again on Wednesday after analyst at FBR Co. today raised their price target for drugmaker’s stock by $2 to $11 each, also reiterating their Outperform stock rating. The move follows Aurinia yesterday closing on a $173.1 million public offering of 25.6 million shares of its common stock at $6.75 apiece, including about 3.3 million shares acquired by analysts exercising their overallotment options. AUPH shares were up about 1.3% at $8.48 each, earlier climbing to a session high of $8.92 a share. In other sector news, (+) MBRX, Wins orphan-drug designation …

Wednesday’s session closes with the NASDAQ Composite Index at 5,821.64. The total shares traded for the NASDAQ was over 1.95 billion. Declining stocks led advancers by 1.35 to 1 ratio. There were 1226 advancers and 1649 decliners for the day. On the NASDAQ Stock Exchange 13 stocks reached a 52 week high and 44 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page. The NASDAQ 100 index closed up .66% for the day; a total of 35.03 points. The current value is 5,367.56. Sirius XM Holdings Inc. ( SIRI ) had the largest percent change down (-1.73%) while Marriott International ( MAR ) had the largest percent change gain rising 3.41%. The Dow Jones index closed down -.03% for the day; a total of -6.71 points. The current value is 20,661.3. Nike, Inc. ( NKE ) had …

Benchmarks finished mostly in the red on Monday for the third straight day dragged down mainly by the financial sector.  Federal Reserve’s relative conservative rate guidance kept the financial stocks in check. Investors are waiting for a next catalyst in the form of tax cut and deregulation to make any big bets in the market. Meanwhile, crude- oil prices declined eventually putting pressure on the energy stocks. While the Dow and the SP 500 ended in the red, the Nasdaq Composite Index gained slightly. The Dow Jones Industrial Average (DJI) decreased 0.04%, to close at 20,905.86. The SP 500 fell 0.2% to close at 2,373.47. However, the tech-laden Nasdaq Composite Index rose to close at 5,901.53. The fear-gauge CBOE Volatility Index (VIX) gained 1.3% to settle at 11.13. A total of around 3.06 billion shares were traded on the NYSE on Monday. Advancers outpaced declining stocks on the NYSE. For 40% stocks that advanced, 56% …

Tuesday, March 21, 2017 Each quarter, existing as almost a blip on the earnings radar screen, there is a week of earnings activity from a number of companies that report fiscal quarters. This is that week, in what we call (for convenience sake) early Q1. The reason this is significant, in fact, is less for the amount of companies bringing forth quarterly earnings data than for the importance these particular companies hold in their respective industries. Consumer Staples giant General Mills GIS , solar module maker Canadian Solar CSIQ and domestic homebuilder Lennar LEN have reported earnings results before the bell today, with global logistics major FedEx FDX and specialty retailer Nike NKE putting out numbers after the bell today. Director of Research Sheraz Mian puts these companies into a basket of Q1 earnings reports, whereby these are considered the forward indicators for Q1 earnings season yet to come. General Mills posted mixed results this …

Top Health Care Stocks JNJ -0.51% PFE -0.17% MRK -0.42% ABT -0.39% AMGN -1.46% Health care stocks were starting to fall faster after earlier resisting the steeper declines most sectors have been experiencing today, with the NYSE Health Care Index falling about 0.6% while shares of health care companies in the SP 500 were down almost 0.8% as a group. In company news, Asterias Biotherapeutics Inc ( AST ) advanced Tuesday after the biotech company specializing in regenerative medicine said the sixth and final patient with complete paralysis in a clinical study of its AST-OPC1 drug candidate continued to show a “meaningful recovery of function” six months after administration. The patient showed improved upper extremity motor function after three months and more improvement at six months, the company said, adding the patient’s hand and arm functions had been deteriorating prior to the AST-OPC1 treatment. The company expects to continue with the Phase I/II trial to …

Top Health Care Stocks JNJ -0.58% PFE -0.29% MRK -0.33% ABT -0.45% AMGN -1.55% Health care stocks resisted much of the steeper declines most sectors experienced today, with the NYSE Health Care Index falling about 0.5% while shares of health care companies in the SP 500 were down almost 0.6% as a group. In company news, Biogen ( BIIB ) shares were holding on to a narrow gain on Tuesday after the biotech company won an intellectual property rights courts ruling against hedge fund manager Kyle Bass over its Tecfidera multiple sclerosis medication. In a new research note obtained by Reuters, Mizuho analyst Salim Syed said the decision should keep Tecfidera away from generic competition for at least four or five more years. Bass could appeal the ruling. BIIB shares closed 0.6% higher at $276.38 each. In other sector news, (+) PTIE, Receives positive regulatory guidance from the FDA for its Remoxy lead product candidate …

In trading on Tuesday, shares of Jacobs Engineering Group, Inc. (Symbol: JEC) crossed below their 200 day moving average of $54.68, changing hands as low as $54.50 per share. Jacobs Engineering Group, Inc. shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of JEC shares, versus its 200 day moving average: Looking at the chart above, JEC’s low point in its 52 week range is $40.93 per share, with $63.42 as the 52 week high point – that compares with a last trade of $54.53. According to the ETF Finder at ETF Channel, JEC makes up 2.59% of the PowerShares Dynamic Building Construction Portfolio ETF (Symbol: PKB) which is trading lower by about 1.6% on the day Tuesday. Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

The five largest exchange-traded fund (ETF) providers – BlackRock, Vanguard, State Street, Invesco and Charles Schwab – together manage almost 90% of the ~$2.8 trillion in U.S. ETF assets. Notably, the market share of the top-3 ETF providers is a commanding 82%. Source : U.S. ETF assets by issuer  (ETF.com) as of March 15 2017 The ETF industry has grown at break-neck speed since the economic downturn of 2008, as the convenience and transparency ETFs provide to investors helped boost global ETF assets under management from around $800 billion in 2007-08 to more than $3.8 trillion now. Over recent years, the intensifying competition among ETF providers has also triggered a price war among incumbents – making ETFs a more cost-effective investment option for retail investors as well. This growth is likely to continue in the near term, as the industry is expected to grow to over $7 billion by 2021. U.S. ETFs form a majority of the global ETF …

Looking at the sectors faring worst as of midday Tuesday, shares of Financial companies are underperforming other sectors, showing a 1.7% loss. Within that group, Comerica, Inc. (Symbol: CMA) and KeyCorp (Symbol: KEY) are two of the day’s laggards, showing a loss of 6.0% and 5.9%, respectively. Among financial ETFs , one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 2.6% on the day, and up 2.06% year-to-date. Comerica, Inc., meanwhile, is down 2.11% year-to-date, and KeyCorp, is down 6.43% year-to-date. Combined, CMA and KEY make up approximately 1.1% of the underlying holdings of XLF. The next worst performing sector is the Technology Communications sector, showing a 1.5% loss. Among large Technology Communications stocks, First Solar Inc (Symbol: FSLR) and Western Digital Corp (Symbol: WDC) are the most notable, showing a loss of 4.2% and 4.0%, respectively. One ETF closely tracking Technology Communications stocks is the Technology …

• Shares of Adobe Systems Inc. ( ADBE ) advanced 3.8% after reporting first quarter fiscal 2017 earnings of $0.78 per share, beating the Zacks Consensus Estimate by $0.06.  • Shares of Tiffany Co ( TIF ) advanced 2.7% after posting quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.37. • Shares of Caladrius Biosciences Inc ( CLBS ) advanced 12.4% after reporting fiscal fourth quarter total revenues of $10.2 million beating total revenue of $7.6 million in the fourth quarter of 2015. • Shares of Qualstar Corporation ( QBAK ) declined 12.4% after reporting fiscal fourth quarter revenues of $2.2 million beating revenue of $2.6 million in the fourth quarter of 2015. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Tiffany Co. (TIF): Free …

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