Mike Lawrie, chief executive officer of DXC Technology Co., rings a ceremonial bell on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 3, 2017. Stocks fell Monday after auto manufacturers reported worse than expected U.S. sales for March. Photographer: Michael Nagle/Bloomberg
DXC Begin RW Trading
On April 1, 2017, Hewlett Packard Enterprise (NYSE: HPE; $17.57; Market Capitalization: $29.1 billion) completed the spin-merger of its Enterprise Service segment to form DXC Technology (NYSE: DXC; $67.95; Market Capitalization: $19.3 billion).
March 16: When-issued trading commenced.
March 20: Record date for the spin-merger.
April 1: Consummation of distribution and merger.
April 3: Regular-way trading for HPE and DXC commenced.
Hot Clean Energy Stocks To Own Right Now: Endocyte, Inc.(ECYT)
- [By Benzinga News Desk]
Carl Icahn has big plans for the US auto-parts sector — and big retailers like AutoZone (NYSE: AZO), O’Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP) aren’t going to like them: Link
USA Unit Labor Costs (QoQ) for Q1 2.20% vs 2.50% consensus estimate. Nonfarm Productivity (QoQ) for Q1 0.00% vs -0.20% consensus estimate.
US Services Purchasing Managers' Index for May is schedule for release at 9:45 a.m. ET.
Data on factory orders for April will be released at 10:00 a.m. ET.
The ISM non-manufacturing index for May is schedule for release at 10:00 a.m. ET.
The labor market conditions index for May will be released at 10:00 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for May is schedule for release at 12:30 p.m. ET.
HSBC upgraded Chevron (NYSE: CVX) from Hold to Buy
Susquehanna upgraded Skechers (NYSE: SKX) from Neutral to Positive
Deutsche Bank upgraded WEX (NYSE: WEX) from Hold to Buy
Pacific Crest downgraded Apple from Overweight to Sector Weight
RBC downgraded Perrigo (NYSE: PRGO) from Sector Perform to Underperform
Wedbush downgraded Endocyte (NASDAQ: ECYT) from Outperform to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email email@example.com.
- [By Lisa Levin]
Shares of Endocyte, Inc. (NASDAQ: ECYT) were down 31 percent to $1.89 after the company issued clinical updates for EC1456 and EC1169, and announced plans to reduce workforce by 40 percent via restructuring. Endocyte said that it is continuing EC1169 program in taxane-exposed patients, but ending clinical development of EC1456 and EC1169 in taxane-na茂ve patients.
Hot Clean Energy Stocks To Own Right Now: Union Pacific Corporation(UNP)
- [By Ben Levisohn]
A strange turn of events has sent shares of CSX (CSX)–and other railroads, including Union Pacific (UNP) and Canadian Pacific Railway (CP)–soaring today. It all started when Hunter Harrison announced that he would leave Canadian Pacific ahead of schedule to team up with activist investor for the turnaround of another railway company. That company is thought to be CSX.
Hot Clean Energy Stocks To Own Right Now: Vicon Industries Inc.(VII)
- [By Peter Graham]
A long term performance chart shows Digital Ally back to below the level it was at five years ago whiledirect competitorAxon Enterprise has outperformed along withsecurity stock Napco Security Technologies Inc (NASDAQ: NSSC), but video management software stockVicon Industries, Inc (NYSEMKT: VII) has underperformed:
Hot Clean Energy Stocks To Own Right Now: Majesco Entertainment Company(COOL)
- [By Lee Jackson]
These companies also reported insider buying last week: Cidara Therapeutics Inc. (NASDAQ: CDTX), Ducommun Inc. (NYSE: DCO), HealthEquity Inc. (NASDAQ: HQY), Panhandle Oil and Gas Inc. (NYSE: PHX) and PolarityTE Inc. (NASDAQ: COOL).
Hot Clean Energy Stocks To Own Right Now: JAKKS Pacific, Inc.(JAKK)
- [By Roberto Pedone]
One under-$10 toy player that’s trending very close to triggering a major breakout trade is Jakks Pacific (JAKK), which is a producer and marketer of children’s toys and other consumer products. This stock has been destroyed by the bears so far in 2013, with shares off sharply by 60%.
If you take a look at the chart for Jakks Pacific, you’ll notice that this stock has been downtrending badly for the last two months and change, with shares plunging from its high of $11.75 to its recent low of $4.82 a share. During that downtrend, shares of JAKK have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of JAKK look like they might be ready to see an end to its downside volatility in the short-term if the recent lows can hold. I believe this due to the fact that JAKK has started to move sideways and trend within range of triggering a major breakout trade.
Traders should now look for long-biased trades in JAKK if it manages to break out above some near-term overhead resistance levels at $5.08 to $5.27 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 695,817 shares. If that breakout triggers soon, then JAKK will set up to re-test or possibly take out its next major overhead resistance levels at $5.68 to its 50-day moving average at $6.07 a share. Any high-volume move above its 50-day will then put $7 to $8 into range for shares of JAKK.
Traders can look to buy JAKK off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.87 to $4.82 a share. One can also buy JAKK off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Peter Graham]
A long term performance chart shows shares of Hasbro, Inc largely going in one direction while shares of peers likemid cap Mattel, Inc (NASDAQ: MAT)and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have gone in the other direction:
- [By Peter Graham]
A long term performance chart shows shares of Hasbro, Inc largely trending upward while shares of peers like mid cap Mattel, Inc (NASDAQ: MAT) and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have largely trended downward:
Hot Clean Energy Stocks To Own Right Now: Cardtronics, Inc.(CATM)
- [By Timothy Green]
Non-bank ATM operator Cardtronics (NASDAQ:CATM) slumped on Friday despite reporting fourth-quarter results that beat analyst estimates on all fronts. The culprit driving the decline may be the company’s 2017 guidance, which calls for a decline in adjusted EPS. At 2:30 p.m. EST, the stock was down about 10%.