NEW YORK Stocks fellWednesday as the Dow dropped more than 100 points, putting more distance between the blue chipsand that elusive 20,000 mark.
Dow 20,000 has been in sight for several days now, with the index getting as close as a couple of dozen points from the milestone but never reaching it.
At the 4 p.m. ET close, the Dow stood0.6% lower for the day, off 111points and 166away from 20,000. Meanwhilethe Nasdaqsank 0.9% andthe S&P 500 lost0.8%.
The broad decline wiped out most of the gains from the day before, when the Nasdaq composite index closed at a record high.
Trading was quiet in a light week of economic and company news before the New Years Day holiday weekend.
Shares of luxury handbag maker Kate Spade (KATE) leaped 23.1%after news reports surfaced about a possible sale of the company.
Best Blue Chip Stocks For 2018: Analog Devices, Inc.(ADI)
- [By WWW.THESTREET.COM]
Cramer was not bullish on Campbell Soup (CPB) , which also reports Tuesday, but did have good things to say about Tech Data (TECD) , Analog Devices (ADI) and Hewlett Packard Enterprise (HPE) , an Action Alerts PLUS holding.
- [By Lee Jackson]
Analog Devices Inc. (NYSE: ADI) has been on a huge run, and a director at the chip company took advantage by selling a block of 50,000 shares of the stock at prices that ranged from $83.00 to $83.50. The total of the sale was set at $4 million. The shares ended Friday at $83.26, in a 52-week trading range is $52.17 to $84.24. The consensus price target is $89.42.
- [By Lisa Levin]
Analysts at Wells Fargo downgraded Analog Devices, Inc. (NASDAQ: ADI) from Outperform to Market Perform.
Analog Devices shares rose 4.83 percent to close at $81.60 on Wednesday.
- [By WWW.THESTREET.COM]
Chips from Texas Instruments (TXN) are built into a lot of devices that matter, Cramer said, and if investors want autonomous vehicles, they should be looking at Analog Devices (ADI) .
Best Blue Chip Stocks For 2018: Centerra Gold Inc. (CAGDF)
- [By SEEKINGALPHA.COM]
Centerra Gold (OTCPK:CAGDF) bought out the previous owner of the Mt. Milligan Mine, Thompson Creek Metals, which really saved the asset for Royal Gold, as I explained in a past article. Mt. Milligan contributed $31.66 million of Royal Gold’s $106.9 million revenue this past quarter, or 29.6% of total revenue. I own shares of Centerra Gold, and I think Mt. Milligan is a strong asset that will contribute tons of cash flow for Royal Gold.
Best Blue Chip Stocks For 2018: Platinum Group Metals Ltd.(PLG)
- [By William Patalon III]
Our sub-$2 “Gold Market Anomaly” play – Platinum Group Metals Ltd. (NYSE: PLG) – took a hit of more than 12% Wednesday after the miner raised $20 million through a stock offering.