Source: ThinkstockOctober 11, 2017: The S&P 500 closed up 0.18% at 2,555.18. The DJIA closed up 0.18% at 22,872.06. Separately, the Nasdaq was up 0.25% at 6,603.55.
Wednesday was a positive, although muted, day for the U.S. exchanges with all three major indices hitting new intraday highs. Crude continued to rise after its incredible gain on Tuesday. The S&P 500 sectors were mostly positive or flat with a couple of exceptions. The best performing sectors were real estate and utilities which were up 0.55% and 0.45%, respectively. The worst performing sector was financial, down 0.21%.
Crude oil was up 0.7% at $51.29.
Gold was relatively flat at $1,295.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Robert Half International Inc. (NYSE: RHI) which traded down about 5% at $48.81. The stocks 52-week range is $34.42 to $51.76. Volume was over 1.9 million versus the daily average of nearly 1 million shares.
Top Performing Stocks To Invest In 2019: Exactech Inc.(EXAC)
- [By Lisa Levin] Gainers
Aimmune Therapeutics Inc (NASDAQ: AIMT) shares jumped 35 percent to $34.64 in response to failed DBVT peanut allergy trial.
Exactech, Inc. (NASDAQ: EXAC) shares surged 30.9 percent to $41.88 after the company agreed to be acquired by TPG Capital for $42 per share in cash.
Dextera Surgical Inc (NASDAQ: DXTR) shares climbed 27.6 percent to $0.238 after surging 40.48 percent on Friday.
Petmed Express Inc (NASDAQ: PETS) jumped 21.8 percent to $44.73 as the company reported better-than-expected Q2 results.
SenesTech Inc (NASDAQ: SNES) shares surged 21.7 percent to $1.95 after the company disclosed that Univar will be marketing and selling ContraPest.
Yulong Eco-Materials Ltd (NASDAQ: YECO) shares gained 18.3 percent to $0.560.
One Horizon Group Inc (NASDAQ: OHGI) shares rose 18 percent to $1.18.
Atossa Genetics Inc (NASDAQ: ATOS) shares climbed 18 percent to $0.566. Atossa Genetics is schedule to host a conference call to announce preliminary results from Phase 1 study of oral Endoxifen on October 25, 2017.
ReneSola Ltd. (ADR) (NYSE: SOL) shares rose 15.3 percent to $2.72
Renren Inc (NYSE: RENN) shares gained 11.9 percent to $10.71 after gaining 2.68 percent on Friday.
Kalvista Pharmaceuticals Inc (NASDAQ: KALV) shares rose 11.8 percent to $12.59. KalVista Pharma 13D filing from Longwood Fund showed registration for an 8.7 percent stake.
Xunlei Ltd (NASDAQ: XNET) shares gained 9.4 percent to $7.20 after surging 25.33 percent on Friday.
VF Corp (NYSE: VFC) shares surged 7.1 percent to $71.09 after the company reported upbeat earnings for its third quarter and raised its FY2017 guidance.
CAI International Inc (NYSE: CAI) rose 6.6 percent to $39.70. Cowen & Co. upgraded CAI from Market Perform to Outperform.
Agenus Inc (NASDAQ: AGEN) shares gained 5.7 percent to $4.58 as the company disclosed that GSK's shingle vaccine received FDA approval.
Deltic Timber Corp (NYSE: DEL) shares climbed 5.6 percent to $94.11
- [By Lisa Levin]
Exactech, Inc. (NASDAQ: EXAC) shares were also up, gaining 31 percent to $41.88 after the company agreed to be acquired by TPG Capital for $42 per share in cash.
Top Performing Stocks To Invest In 2019: Netlist, Inc.(NLST)
- [By Jim Robertson]
On Friday, our Elite Opportunity Pronewsletter suggested small cap data/memory solutions stocksNetlist, Inc (NASDAQ: NLST) as a long/bullish position for our short term portfolio:
Top Performing Stocks To Invest In 2019: Iridium Communications Inc(IRDM)
- [By Dan Caplinger]
Ground-based wireless communications networks have transformed the way that billions of people across the globe communicate. For the locations where traditional wireless networks either haven’t yet reached or have decided aren’t feasible for ground-based stations, Iridium Communications (NASDAQ:IRDM) hopes that its extensive and growing satellite communications network will be the go-to solution for users who need reliable coverage under challenging circumstances.
- [By Peter Graham]
Small cap satellite stock Iridium Communications (NASDAQ: IRDM) reportedQ2 2017 earnings before the market opened on Thursday with results beating expectations. Total revenueincreased 2% to $111.6 million which consisted of $86.6 million of service revenue and $25.0 million of revenue related to equipment sales and engineering and support projects.Service revenue, which represents primarily recurring revenue from Iridium’s growing subscriber base, grew 4% and was 78% of total revenue. The Company ended the quarter with 913,000 total billable subscribers, which compares to 823,000 for the year-ago period and is up from 869,000 for the quarter ended March 31, 2017.Total billable subscribers grew 11% year-over-year, driven by growth in M2M and government customers. Net income was $24.8 million versus $26.9 million for the second quarter of 2016. The CEO commented:
- [By Jim Robertson]
Trump’s proposal to spin off air traffic control from the Federal Aviation Administration (FAA) bodes well for small cap satellite stock Iridium Communications (NASDAQ: IRDM), but theres a bigger opportunity for the Company in theInternet of Things (IoT) space. Technology company Harris Corporation (NYSE: HRS) is already a leading candidate to supply the FAA with real-time aircraft tracking data in partnership with Iridium Communications with the latter having a joint venture that has partnered with air traffic control authorities in Canada, Italy, Ireland and Denmark to provide air traffic surveillance (in cooperation with Harris).
Top Performing Stocks To Invest In 2019: Costco Wholesale Corporation(COST)
- [By Brian Wu]
Another valid reason why Amazon Go stores could prove to be a hit lies in Amazon being the suicide bomber of retail. Amazon is well known for its practice of cutting prices to the bone in a bid to steal market share from rivals, which of course hurts its own margins as well. But unlike in the past when Amazon solely relied on its thin-margin retail operations to drive the bottom line, the company now has AWS, a fast-growing and solidly profitable cloud business. The company,therefore, has even more leeway to compete even in industries with razor-thin margins. Amazon can easily take the Go concept to adjacent retail industries including drug stores, retail stores, office supply stores, and maybe even wholesale retail stores such as Costco (NSDQ:COST).
- [By Dan Caplinger]
The retail industry has gone through major disruptions lately, and even warehouse giant Costco Wholesale (NASDAQ:COST) hasn’t been immune to the difficult conditions. Yet last quarter, Costco said that it would implement membership-fee increases as of the beginning of June in an attempt to bolster a key source of revenue, and it hoped that improving conditions in the consumer economy would lead to better shopping results.
- [By Adam Levine-Weinberg]
While Costco Wholesale (NASDAQ:COST) suffered from slowing sales growth for much of 2016 and early 2017, the warehouse club giant has bounced back in a big way over the past year. During that period, Costco has routinely posted mid-high single-digit adjusted comp sales growth.
- [By Garrett Baldwin]
WTI crude oil prices added 1.2% to hit $69.31 per barrel, while Brent crude added 1.4% to hit $74.50. The uptick came after Saudi Arabia hinted that it would like to see oil prices hit the top end of the $80 to $100 range. The key oil supplier has been working with other OPEC producers and Russia to support crude prices to reduce excessive global production. The nations’ agreement is expected to extend well into 2019 and potentially beyond that time frame.
This morning, as it topped earnings expectations, Procter & Gamble Co. (NYSE: PG) announced it will purchase the consumer health business of German pharma giant Merck KGaA (OTCMKTS: MKGAF) for nearly $4.2 billion. The deal will expand on P&G’s vitamins and health supplement business. This is the first deal made by P&G since activist investor Nelson Peltz won a board seat last year.
Four Stocks to Watch Today: PM, AXP, AMZN, COST
Shares of Phillip Morris International Inc.(NYSE: PM) dropped 3.6% in pre-market hours after the company fell short of revenue expectations. Despite reporting earnings per share (EPS) of $1.00, a figure that topped estimates by $0.12, the firm fell short of the $7.02 billion in revenue forecasted by analysts.
American Express Co.(NYSE: AXP) popped nearly 4% after the company easily topped Wall Street earnings after the bell Wednesday. The firm’s strategy to spend $2.35 billion on customer rewards promotions wooed a large amount of accounts and upgrades during the first three months of 2018. AXP reported EPS of $1.86 on top of $9.72 billion in revenue. Wall Street forecasted $1.71 per share on $9.20 billion.
Amazon.com Inc.(Nasdaq: AMZN) is in focus after two stunning revelations emerged from the company on Wednesday. CEO Jeff Bezos announced that the company has more subscribers to its Prime service than Costco Corp.(Nasdaq: COST), while the average Amazon employee earned under $30,000 in 2017.
Look for additional earnings reports from Skechers USA In
- [By Evan Niu, CFA]
The wholesale warehouse chain is the most relevant comparison, as Costco(NASDAQ:COST) operates a global network of retail locations that similarly sells everything under the sun at aggressive price points. At the end of the last quarter, Costco had a totalof 92.2 million cardholders that it counts as members.
Top Performing Stocks To Invest In 2019: LivaNova PLC(LIVN)
- [By Jim Robertson]
On Tuesday, our Elite Opportunity Pronewsletter suggested small cap medical technology stock LivaNova PLC (NASDAQ: LIVN):
From a fundamental perspective, LIVN currently offers investors with a potentially nice opportunity on both a short and long-term basis. With a $2.37B market cap, this pure mid-cap play currently trades at a forward P/E of just over 14 and a five year PEG of just 1.15. The Company is also projected to grow their bottom line from this year to next by as much as 14%