February28, 2017: Markets opened lower again Tuesday but neither the Nasdaq Composite nor the S&P 500 index could climb out of the slough of despond. The blue chips did rise into positive territory briefly, but couldn’t hold onto the gains. Among the 11 S&P sectors, only utilities and consumer staples traded above the breakeven line while the losers were consumer discretionary sotcks and materials. WTI crude oil for April delivery settled at $54.01 a barrel, down 4 cents on the day, but up about 2.3% in the month of February. April gold dropped 0.4% on the day to settle at $1,253.90, but posted a gain of about 3.5% for the month. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.18% for the day, the S&P 500 traded down 0.35%, and the Nasdaq Composite traded down 0.70%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 1.58% at $70.61. The stock’s 52-week range is $62.72 to $75.19. Volume was about 30% above the daily average of around 9 million shares. The company had no specific news, but the carnage following Target’s earnings report this morning was not localized to just Target’s stock.
Hot Blue Chip Stocks To Watch For 2018: Cartesian, Inc.(CRTN)
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggestedsmall cap professional services and technical solutions stock Cartesian Inc (NASDAQ: CRTN) as a long/bullish trade:
Hot Blue Chip Stocks To Watch For 2018: Seaboard Corporation(SEB)
- [By John Udovich]
Thanksgiving is almost here and aside from featuring a turkey, most Thanksgiving dinners will include items from a range of consumer stocks including Campbell Soup Company (NYSE: CPB), Kraft Heinz Co (NASDAQ: KHC), Fresh Del Monte Produce Inc (NYSE: FDP) and McCormick & Company (NYSE: MKC) along with aThanksgiving turkey from Hormel Foods Corporation (NYSE: HRL)or Seaboard Corporation (NYSEAMEX: SEB). According tothe American Farm Bureau Federation,a classic Thanksgiving dinner will cost$49.87 for a gathering of 10 orjust under $5 per person down from 2015s all-time high of $50.11.
- [By John Udovich]
Thanksgiving is almost here but the exit of both Pilgrim’s Pride Corporation (NYSE: PPC) and Smithfield Foods (NYSE: SFD) to focus on their chicken or pork businesses (the latter was also acquired by the Chinese) leaves just two big Thanksgiving turkey stocks, Hormel Foods Corporation (NYSE: HRL) and Seaboard Corporation (NYSEAMEX: SEB), for investors to consider. According to the American Far Bureau, a 16-pound turkey will (on average) come in at a total of $22.74 this year or roughly $1.42 per pound for a decrease of 2 cents per pound or a total of 30 cents per whole turkey, compared to 2015. The price drop may be a transition back to the norm as the significant bird flu outbreak last year hurt the nations supply of both turkey and eggs.
- [By Ashley Moore]
Here is a table of the 10 most expensive stocks trading on U.S. markets today:
Company (Ticker)Price per ShareMarket CapBerkshire Hathaway Inc. (NYSE: BRK-A)$ 257,227.52$ 419.50 billionSeaboard Corp. (NYSEMKT: SEB)$ 3,760.00$ 4.48 billionNVR Inc. (NYSE: NVR)$ 1,944.23$ 7.19 billionThe Priceline Group Inc. (Nasdaq: PCLN)$ 1,727.94$ 80.82 billionMarkel Corp. (NYSE: MKL)$ 978.51$ 13.78 billionWhite Mountains Insurance Group Ltd. (NYSE: WTM)$ 935.01$ 4.25 billionAmazon.com Inc. (Nasdaq: AMZN)$ 846.08$ 408.27 billionAlphabet Inc. (Nasdaq: GOOGL)$ 844.06$ 582.85 billionAutoZone Inc. (NYSE: AZO)$ 744.26$ 21.04 billionIntuitive Surgical Inc. (Nasdaq: ISRG)$ 735.63$ 28.41 billion
Hot Blue Chip Stocks To Watch For 2018: Silver Bay Realty Trust Corp.(SBY)
- [By Lisa Levin]
Shares of Silver Bay Realty Trust Corp (NYSE: SBY) got a boost, shooting up 18 percent to $21.47. Tricon Capital Group Inc. announced plans to buy Silver Bay Realty Trust for $21.50 per share.
- [By Mark Holder]
Instead of competing in one-off auctions, the traditional method of acquiring homes and the one preferred by Silver Bay Realty Trust (NYSE: SBY ) (NYSE: SBY ) (NYSE: SBY ) and American Homes 4 Rent (NYSE: AMH ) (NYSE: AMH ) (NYSE: AMH ) , the company is obtaining non-performing loans in pools that include thousands of loans. The ultimate outcome of these different models is unknown, but the market hasso far supported Altisource Residential.
Hot Blue Chip Stocks To Watch For 2018: Marvell Technology Group Ltd.(MRVL)
- [By Lee Jackson]
This company has made a bold $6 billion bid to buy Cavium.Marvell Technology Group Ltd. (NASDAQ: MRVL) is a fabless supplier of mixed signal and analog semiconductor products to a number of storage, computing and communication applications, including hard disk drives, personal computers, servers, Ethernet switches, printers and connectivity markets.
- [By Chris Lange]
When Marvell Technology Group Ltd. (NASDAQ: MRVL) released its fiscal third-quarter results after the markets closed on Tuesday, it posted $0.34 in earnings per share (EPS) and $616.3 million in revenue. Consensus estimates had called for $0.33 in EPS on revenue of $613.1 million. The same period of last year reportedly had EPS of $0.21 and $604.75 million in revenue.
- [By Chris Neiger]
Specifically, GoPro (NASDAQ:GPRO) and Marvell Technology (NASDAQ:MRVL) caught my eye recently. The two companies are hardly pure-plays in the IoT (there aren’t many of those), but each is betting on the Internet of Things in its own way, and each looks a bit overpriced right now.
- [By Benzinga News Desk]
Loop Capital's Betsy Van Hees sees storage, networking, and connectivity as the 3 reasons why Marvell Technology Group Ltd. (NASDAQ: MRVL) will return to top-Line growth. She reiterated her Buy rating and $18 price target.
- [By Spencer Israel]
You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.
Marvell Technology Group Ltd. (NASDAQ: MRVL): $19.75 has been the low since the deal was rumored so that’s support. Below that ,there’s a gap down to $18.55.
Alibaba Group Holding Ltd (NYSE: BABA) has a pair of highs near $188. The premarket high was $188.07 and there are similar highs from Nov. 8 and 13, so that whole handle will be resistance.
Square Inc (NYSE: SQ): It’s at all-time high levels right now. There’s support at Friday’s close at $44.18.
Twitter Inc (NYSE: TWTR): The Dorsey sympathy move is on. The Nov. 1 high of $20.99 and post-earnings high of $21.96 are two resistance levels.
General Electric Company (NYSE: GE): Has a double top from the last two sessions at $18.47 and $18.48.
Watch the full show below!
- [By Lisa Levin]
Marvell Technology Group Ltd. (NASDAQ: MRVL) agreed to acquire Cavium Inc (NASDAQ: CAVM) in a deal valued at around $6 billion.
Under the deal, Marvell will buy Cavium for $40 per share in cash and 2.1757 shares of its stock for each Cavium share.
Hot Blue Chip Stocks To Watch For 2018: Limelight Networks Inc.(LLNW)
- [By Lisa Levin]
Shares of Limelight Networks, Inc. (NASDAQ: LLNW) got a boost, shooting up 23 percent to $5.045 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
- [By Lisa Levin]
Shares of Limelight Networks, Inc. (NASDAQ: LLNW) got a boost, shooting up 25 percent to $5.14 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
- [By Lisa Levin]
Shares of Limelight Networks, Inc. (NASDAQ: LLNW) got a boost, shooting up 26 percent to $5.17 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
- [By Lisa Levin] Gainers
AGM Group Holdings Inc. (NASDAQ: AGMH) shares climbed 30.3 percent to $11.05 after climbing 34.60 percent on Thursday.
Limelight Networks, Inc. (NASDAQ: LLNW) jumped 21.2 percent to $4.9699 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) shares climbed 18.8 percent to $7.89 after reporting strong Q1 earnings.
Farmers Capital Bank Corp (NASDAQ: FFKT) gained 15.4 percent to $48.75. WesBanco Inc (NASDAQ: WSBC) announced an agreement and plan of merger with Farmers Capital Bank Corporation.
TransUnion (NYSE: TRU) climbed 10.2 percent to $66.76 after the company posted upbeat Q1 results and issued a strong forecast for the second quarter. TransUnion announced plans to acquire Callcredit.
Myomo, Inc. (NYSE: MYO) shares gained 9.2 percent to $3.9299 after rising 8.11 percent on Thursday.
Pinnacle Foods Inc (NYSE: PF) gained 8.8 percent to $60.04 after a 13-D filing from Jana Partners showed an increased stake in the comapny, from 1.42 million shares at the end of last quarter to 10.83 million shares, or a 9.3-percent stake.
Associated Banc-Corp (NYSE: ASB) shares climbed 8.8 percent to $26.70 following upbeat Q1 earnings.
OFG Bancorp (NYSE: OFG) gained 8.5 percent to $12.80 after reporting Q1 results.
Cleveland-Cliffs Inc. (NYSE: CLF) climbed 7.5 percent to $7.73 following Q1 results.
Seaspan Corporation (NYSE: SSW) shares climbed 6.7 percent to $7.50. Deutsche Bank upgraded Seaspan from Hold to Buy.
General Electric Company (NYSE: GE) shares rose 4.6 percent to $14.63 after the company reported better-than-expected earnings for its first quarter.
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) rose 4.3 percent to $47.80. Biogen and Ionis have expanded their strategic collaboration to develop drug candidates for a broad range of neurological diseases.
Check out these big penny stock gainers and losers