Source: ThinkstockMarch 13, 2018: The S&P 500 closed down 0.6% at 2,765.24. The DJIA closed down 0.7% at 25,006.89. Separately, the Nasdaq was down 1.0% at 7,511.01.
Tuesday was a down day for the broad U.S. markets. At first all three major indices started out positive, but over the course of the day each one turned south. Again, most of this selloff came at the end of the day. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and utilities up 0.2% each. The worst performing sectors were technology and financials down 1.2% each.
Crude oil was down 1.3% at $60.59.
Gold was up 0.5% at $1,327.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Qualcomm Inc. (NASDAQ: QCOM) which traded down about 5% at $59.70. The stocks 52-week range is $48.92 to $69.28. Volume was 38.5 million compared to the daily average volume of 11.3 million.
Top 5 Gold Stocks To Watch For 2018: EQT Corporation(EQT)
- [By Max Byerly]
DekaBank Deutsche Girozentrale raised its stake in shares of EQT (NYSE:EQT) by 85.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,281 shares of the oil and gas producer’s stock after purchasing an additional 31,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in EQT were worth $3,219,000 at the end of the most recent reporting period.
- [By ]
In addition, Elliott Management, which often pushes for M&A and other strategic transactions at targeted companies, made investments in EQT Corp. (EQT) , CommVault Systems Inc. (CVLT) , Sabre Corp. (SABR) , Teradyne Inc. (TER) and Windstream Holdings Inc. (WIN)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was EQT Corp. (NYSE: EQT) which traded down over 5% at $49.72. The stocks 52-week range is $43.70 to $67.84. Volume was 7.6 million compared to the daily average volume of nearly 4 million.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was EQT Corp. (NYSE: EQT) which rose about 10% to $53.35. The stocks 52-week range is $43.70 to $67.84. Volume was nearly 11 million compared to the daily average volume of 3.6 million.
Top 5 Gold Stocks To Watch For 2018: Old Dominion Freight Line, Inc.(ODFL)
- [By ]
Old Dominion Freight Line (Nasdaq: ODFL) is a leader in the long-haul, less-than-truckload (LTL) carriers and was able to maintain its rates through the 2008 downturn while maintaining on-time service. While its average driver salary is among the highest, the company is still able to maintain a best-in-class operating margin and trades relatively cheaply to peers.
- [By Shane Hupp]
Old Dominion Freight Line (NASDAQ: ODFL) and Covenant Transport (NASDAQ:CVTI) are both transportation companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, profitability, earnings, dividends, valuation, risk and institutional ownership.
Top 5 Gold Stocks To Watch For 2018: Unilever PLC(UL)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Aceto Corporation (NASDAQ: ACET) fell 41.9 percent to $4.30 in pre-market trading. ACETO board disclosed that it is taking proactive steps to address business and financial challenges. Canaccord Genuity downgraded Aceto from Buy to Sell.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell 25.3 percent to $2.86 in pre-market trading after reporting an ATM offering of $150 million.
Pier 1 Imports, Inc. (NYSE: PIR) fell 17.4 percent to $2.86 in pre-market trading after reporting a fourth quarter sales miss. Comps were down 7.5 percent in the quarter.
Sleep Number Corporation (NASDAQ: SNBR) fell 12.4 percent to $32.00 in pre-market trading following a first quarter earnings miss.
Paratek Pharmaceuticals, Inc. (NASDAQ: PRTK) fell 10.2 percent to $11.90 in pre-market trading on news of $125 million convertible debt offering.
Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK) shares fell 8 percent to $8.02 in pre-market trading after dropping 2.02 percent on Wednesday.
Exponent, Inc. (NASDAQ: EXPO) shares fell 5.6 percent to $80 in pre-market trading.
Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 4.8 percent to $60.00 in pre-market trading after rising 1.78 percent on Wednesday.
vTv Therapeutics Inc. (NASDAQ: VTVT) fell 4.6 percent to $2.10 in pre-market trading after surging 84.87 percent on Wednesday.
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares fell 4.5 percent to $40.07 in pre-market trading after the company reported Q1 results.
Align Technology, Inc.. (NASDAQ: ALGN) fell 3.5 percent to $267.40 in pre-market trading after rising 1.61 percent on Wednesday.
Transocean Ltd. (NYSE: RIG) shares fell 3.5 percent to $12 in pre-market trading after the company issued quarterly fleet status report.
GoPro, Inc. (NASDAQ: GPRO) fell 3.2 percent to $4.90 in pre-market trading.
Unilever PLC (NYSE: UL) fell 2.6 percent to $54.73 in pre-market
- [By Max Byerly]
News coverage about Unilever (NYSE:UL) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Unilever earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0118624662366 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
- [By Isaac Pino, CPA]
Dollar Shave Club, bought by Unilever (NYSE:UL) in 2016, offers membership as low as $5. Again, the margins may be thin on the products — just like at Costco — but that’s made up by what hopefully becomes a longer, deeper relationship with the customer.
- [By Shane Hupp]
Church & Dwight (NYSE: CHD) and Unilever (NYSE:UL) are both large-cap consumer staples companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, dividends, profitability, analyst recommendations, earnings and valuation.
Top 5 Gold Stocks To Watch For 2018: Portola Pharmaceuticals, Inc.(PTLA)
- [By Lisa Levin] Gainers
Portola Pharmaceuticals, Inc. (NASDAQ: PTLA) rose 34.7 percent to $45.50 in pre-market trading following news that the FDA has approved Andexxa for the reversal of factor Xa inhibitors.
Euro Tech Holdings Company Limited (NASDAQ: CLWT) rose 15.7 percent to $6.65 in pre-market trading after climbing 155.56 percent on Thursday.
China Recycling Energy Corporation (NASDAQ: CREG) rose 14.7 percent to $2.75 in pre-market trading after climbing 57.89 percent on Thursday.
Pandora Media, Inc. (NYSE: P) rose 11 percent to $6.40 in pre-market trading after reporting strong quarterly results.
Fred's, Inc. (NASDAQ: FRED) rose 9.2 percent to $1.90 in pre-market trading following Q4 results.
Shake Shack Inc (NYSE: SHAK) rose 9.1 percent to $51.70 in pre-market trading after the company reported upbeat results for its first quarter and raised its FY18 guidance.
Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) rose 9 percent to $12.55 in pre-market trading after the company posted Q1 results and agreed to acquire HealthGrid.
Weight Watchers International, Inc. (NYSE: WTW) rose 7.6 percent to $75 in pre-market trading after the company reported stronger-than-expected results for its first quarter. The company also raised its FY18 earnings outlook from $2.40-$2.70 to $3-$3.20.
Viavi Solutions Inc. (NASDAQ: VIAV) rose 7.5 percent to $10.15 in pre-market trading following Q3 results.
Pearson plc (NYSE: PSO) rose 4.5 percent to $11.83 in pre-market trading after reporting strong quarterly earnings.
Alibaba Group Holding Ltd (NYSE: BABA) shares rose 4.4 percent to $190.50 in the pre-market trading session as the company posted upbeat Q4 results.
Aqua Metals, Inc. (NASDAQ: AQMS) shares rose 3.9 percent to $4.30 in pre-market trading after gaining 6.98 percent on Thursday.
Newell Brands Inc (NYSE: NWL) shares rose 3.6 percent to $27.65 in pre-market trading after reporting upbeat quarterly earnings.
HMS Holdings Corp (NASDAQ: H
- [By Ethan Ryder]
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Get Portola Pharmaceuticals alerts:
Portola Pharmaceuticals (PTLA) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS (americanbankingnews.com) Portola Pharmaceuticals beats by $0.24, beats on revenue (seekingalpha.com) Portola Pharmaceuticals Reports First Quarter 2018 Financial Results and Provides Corporate Update (finance.yahoo.com) Is There An Opportunity With Portola Pharmaceuticals Incs (NASDAQ:PTLA) 33% Undervaluation? (finance.yahoo.com) Brokers Offer Predictions for Portola Pharmaceuticals’ Q1 2018 Earnings (PTLA) (americanbankingnews.com)
Shares of NASDAQ:PTLA opened at $42.28 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.94 and a quick ratio of 5.92. The firm has a market cap of $2.68 billion, a P/E ratio of -8.79 and a beta of 1.48.
- [By Todd Campbell]
You can’t turn back the clock and buy Celgene12 years ago when it first won approval for its multibillion-dollar blockbuster multiple myeloma drug Revlimid, but you can buy stocks that have similar prospects. One such company is Portola Pharmaceuticals (NASDAQ:PTLA), an emerging commercial-stage biotech that’s recently won Food and Drug Administration (FDA) approval for two potential blockbuster drugs.
- [By Lisa Levin]
Shares of Portola Pharmaceuticals, Inc. (NASDAQ: PTLA) got a boost, shooting up 25 percent to $42.23 after the FDA approved the company's Andexxa, the only antidote indicated for patients treated with rivaroxaban and apixaban.
- [By Motley Fool Staff]
It was a decision a long time in the making, but the Food and Drug Administration has officially given Portola Pharmaceuticals’ (NASDAQ:PTLA) AndexXa the green light. The approval ends a winding road for the company that includes a regulatory rejection, a refiling for approval, and requests for additional information. With a go-ahead finally secured, is this biotech about to become a top stock to buy?
- [By ]
Portola Pharmaceuticals (PTLA) : “The news is already in this story. I’d rather be in something better.”
STMicroelectronics (STM) : “No. You want Cisco Systems (CSCO) ahead of when they report.”
Top 5 Gold Stocks To Watch For 2018: Ethan Allen Interiors Inc.(ETH)
- [By Joseph Griffin]
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