Stocks tumbled again today with falling oil prices getting the blame. But who are we kidding? Volatility begets more volatility, and that’s what we seem to have on our hands.
Michael Nagle/Bloomberg News
The S&P 500 dropped 1.5% to 2,127.02 today, while the Dow Jones Industrial Average fell 258.32, or 1.4%. The Nasdaq Composite finished off 1.1% to 5,155.25.
Remember yesterday, a dovish Fed Governor helped stocks shoot higher. Deutsche Bank’s Alan Ruskin finds it interesting that it hasn’t had a bigger impact:
On the surface, the interesting aspect of the deflated set of Fed hike expectations is how little this has helped global risk appetite. However, it is hard to prove the counterfactual on what equities would have done had market expectations of a hike been on the rise post-Brainard – but very likely risky assets would have been meaningfully weaker. Nonetheless, the message from the way risk has traded is that for risky assets to rally they seem to need more than a dovish Fed. From a technical standpoint that probably means the S&P regaining its breakdown closing low levels ~2170 as a prerequisite for the global risk rally to resume momentum.
Hot Bank Stocks To Buy Right Now: US Ecology, Inc.(ECOL)
- [By Ethan Ryder]
US Ecology (NASDAQ: ECOL) and Republic Services (NYSE:RSG) are both business services companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, analyst recommendations, risk, profitability, institutional ownership, valuation and earnings.
- [By Maxx Chatsko]
Success can be defined as small wins that accumulate over time. That definition helps to put the slow-and-steady progress made by US Ecology (NASDAQ:ECOL) in the first quarter of 2018 into perspective. Revenue and profits grew for both of the environmental services leader’s segments compared to the prior-year period, which resulted in another solid quarter.
Hot Bank Stocks To Buy Right Now: Randgold Resources Limited(GOLD)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
MDC Partners Inc. (NASDAQ: MDCA) fell 23.4 percent to $5.25 in pre-market trading after a first-quarter earnings miss.
Hudson Technologies Inc. (NASDAQ: HDSN) shares fell 15.1 percent to $3.48 in pre-market trading after the company reported downbeat Q1 earnings.
Nuance Communications, Inc. (NASDAQ: NUAN) fell 14 percent to $13.15 in pre-market trading after the company posted downbeat Q2 earnings and lowered FY18 organic growth guidance.
Myomo, Inc. (NYSE: MYO) fell 13.2 percent to $3.10 in pre-market trading after reporting downbeat quarterly results.
Rowan Companies plc (NYSE: RDC) shares fell 10.7 percent to $14.13 in pre-market trading after climbing 8.50 percent on Wednesday.
BT Group plc (NYSE: BT) fell 9 percent to $14.80 in pre-market trading after the company reported Q4 results and announced plans to cut 13,000 jobs over the next three years.
Exelixis, Inc. (NASDAQ: EXEL) fell 8.3 percent to $19.90 in pre-market trading after the company disclosed that IMblaze370 Phase 3 pivotal trial of atezolizumab and cobimetinib in patients with heavily pretreated locally advanced or metastatic colorectal cancer did not meet primary endpoint.
Infinera Corporation (NASDAQ: INFN) fell 8.2 percent to $10.80 in pre-market trading after reporting Q1 results.
Synaptics, Incorporated (NASDAQ: SYNA) shares fell 7.4 percent to $43.00 in pre-market trading. Synaptics reported better-than-expected earnings for its third quarter, while sales missed estimates.
Randgold Resources Limited (NASDAQ: GOLD) shares fell 7.4 percent to $76.23 in pre-market trading after reporting Q1 earnings.
Integra LifeSciences Holdings Corporation (NASDAQ: IART) shares fell 7 percent to $59.36 in pre-market trading. Integra LifeSciences priced its 5.25 million share public offering of common stock at $58.50 per share.
Array BioPharma Inc. (NASDAQ: ARRY) shares fell 6.9 percent to $12.75 in pre-m
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Randgold Resources (GOLD)
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- [By Todd Campbell]
If these reasons have you interested in adding gold mining stocks to your portfolio, a few top companies to consider are Barrick Gold (NYSE:ABX), Randgold Resources (NASDAQ:GOLD), Newmont Mining (NYSE:NEM), Freeport McMoran (NYSE:FCX) and Goldcorp (NYSE:GG). All five could benefit if gold prices rally, so let’s learn more about them.
Hot Bank Stocks To Buy Right Now: Zions Bancorporation(ZION)
- [By ]
This Utah-based bank is out with its results on April 23. And ahead of this all-important date, top Vining Sparks analyst Marty Mosby has upgraded Zions (ZION) from ‘Buy’ to ‘Strong Buy.’ He writes” “We believe that Zions should be able to generate stronger revenue per share growth than the market currently anticipates, as it should benefit from both rising interest rates and their respective strategic initiatives.”