Most U.S. stocks ended the week with losses, but the Dow Jones Industrial Average notched a small rise for the period thanks to gains on Friday in health care stocks and consumer-related shares. Tech shares were the biggest losers on the week.
D.R. Horton (NYSE: DHI) had a really bad trading session today in which it lost 15.35%. The home builder's foundations were shaken after it posted bad earnings report. It had a huge volume of $35.88M in comparison to its average volume of $8.37M.
Seahawk Drilling, Inc. (NASDAQ:HAWK) declined 14.35% to $22.57. It had a volume of $1.21M.
Novavax, Inc. (NASDAQ: NVAX) fell 13% at $3.28 after announcement that a price for its public offering of 6.8 million common shares is $3.30 each.
After moving sideways for a while Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) dropped 12.04% to $2.41. RUTH had a volume of $2.23M and its market capitalization is $58.26.
Investors reacted badly on the ADC Telecommunications' (NASDAQ: ADCT) earnings report. ADC Telecommunications (ADCT) posted a loss of 20 cents per share and its stock fell 10.99% to $5.91.
Dell Inc. (NASDAQ: DELL) posted disappointing results and dropped 9.96%. DELL also dragged down other stocks in the tech sector.
The markets were able to pull it together somewhat to close off the intraday lows.
Volume finished at 3.75 Billion shares on the NYSE and 1.98 Billion shares traded on the NASDAQ. Today’s tough earnings news came from companies such as DR Horton (DHI) and Dell Inc. (DELL). Both companies got hit hard following their results. [...]
Consolidated Edison, Inc. (ED), through its subsidiaries, provides electric, gas, and steam utility services in the United States. It provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County, as well as provides steam service to office buildings, apartment houses, and hospitals in parts of Manhattan.[More...]
t is a well-documented fact that a significant portion of the historical equity returns are a result of reinvested dividends. In Triumph of the Optimists: 101 Years of Global Investment Returns (2002), the authors looked at equity returns from capital gains and dividends from 1900 to 2000. They determined that performance in any given year was driven by capital appreciation, but long-term returns were largely the result of reinvested dividends.[More...]
BloggingStocks: I have had my problem with Starbucks (SBUX) CEO Howard "Schultzie" Schultz in the past, but his latest little stunt has really ticked me off.
First things first, I will enjoy the occasional cup of Starbucks coffee, but the price has put a venti ... Read more
BloggingStocks: Analyst upgrades:
Pali Capital upgraded Lazard (LAZ) to buy from neutral, citing a healthy restructuring environment, improving M&A and strength in the asset management segment. The firm has a $46 target on shares.
Baird upgraded Scansource ... Read more
The JM Smuckers Company (SJM) just surged above the 52-week high and is now pressuring the 2-yr. high on a strong Q3 earnings surprise that was fueled by the company's acquisition of Folgers. Shares of SJM had been pressuring the medium-term level of resistance just above $55 since mid August but had been able to push higher. Moving forward, if shares pull back, this area should provide support. Take a look below.
McDonalds Corp. (MCD) has moved within striking distance of the 52-week and all-time high at $64.75 after breaking above a down trend line and key level of short-term resistance just above $61. With the market showing some signs of weakness lately in response to concern about a sustainable recovery, some of the more established, large-cap stocks could fall back into favor as a defensive measure. Take a look at the nice formation below.
