Stocks couldnt shake off early losses and all three major indexes ended lower on Thursday.
Bloomberg News
The Dow Jones Industrial Average lost 210.79 points, or 1.17%, to 17830.76. The S&P 500 Index fell 19.34 points, or 0.92%, to 2075.81. The Nasdaq slid 57.85 points, or 1.19%, to 4805.29.
Blue chips were dragged down by Apple(AAPL): Just days after its disappointing earnings, billionaire Carl Icahn said he no longer has a stake in the stock.
From a data standpoint, First quarter gross domestic product grew 0.5%, below economists expectations, overshadowing an upbeat jobs report that saw unemployment fall to a four-decade low.
Stifels Lindsey Piegza writes that this could push out any interest rate hikes:
From a policy standpoint, should the U.S. economy post meaningful improvement between now and June, assuming the Feds concerns surrounding international risks are not reignited, policy makers appear well positioned to announce the second rate hike in less than two months time. Of course, following this mornings disappointing GDP report, its difficult to imagine a marked improvement in the economy over the next two months. More likely, the combination of stagnant economic conditions, a still-restrained consumer, and ongoing concerns regarding risks of contagion from developments abroad whether directly identified in the statement or not will make it increasingly difficult for the Fed to raise rates once in the remaining nine months of 2016, if at all.
Top 10 Blue Chip Stocks To Buy Right Now: WMIH Corp.(WMIH)
Advisors’ Opinion:
- [By Max Byerly]
News stories about WMIH (NASDAQ:WMIH) have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WMIH earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.1981961674374 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Stephan Byrd]
Headlines about WMIH (NASDAQ:WMIH) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WMIH earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.2320142208496 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
- [By Max Byerly]
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Get Innovative Industrial Properties alerts:
Return on Equity (ROE) under Consideration Innovative Industrial Properties, Inc. (NYSE:IIPR), Neonode Inc … (stocksnewspoint.com) Morning Miraculous Stocks: Taseko Mines Limited (NYSE:TGB), WMIH Corp. (NASDAQ:WMIH), Innovative Industrial … (journalfinance.net) Dazzling Stocks: Innovative Industrial Properties, Inc. (NYSE:IIPR), SORL Auto Parts, Inc. (NASDAQ:SORL), ReWalk … (thestreetpoint.com) Head-To-Head Contrast: Kennedy-Wilson (KW) vs. Innovative Industrial Properties (IIPR) (americanbankingnews.com) Innovative Industrial (IIPR) versus Colliers International Group (CIGI) Financial Contrast (americanbankingnews.com)
A number of research analysts have weighed in on the company. Zacks Investment Research raised Innovative Industrial Properties from a “sell” rating to a “hold” rating in a report on Friday, March 16th. ValuEngine raised Innovative Industrial Properties from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
- [By Stephan Byrd]
Medallion Financial (NASDAQ: MFIN) and WMIH (NASDAQ:WMIH) are both small-cap finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, risk, earnings, institutional ownership, analyst recommendations, profitability and dividends.
Top 10 Blue Chip Stocks To Buy Right Now: Marathon Oil Corporation(MRO)
Advisors’ Opinion:
- [By Matthew DiLallo]
Marathon Oil (NYSE:MRO)also has cashed in on the improvement in oil prices. Shares of the U.S. oil company are up more than 80% over the past year — making it one of the best-performing oil stocks of 2018– due to the impact higher oil prices are having on its cash flow. Like EOG, Marathon Oil set its budget to run on $50 oil, which has it on pace to produce $500 million in free cash at $60 a barrel and even more at current prices.
- [By ]
Presto, West Texas Intermediate crude rose 3% to $71.18, the highest since December 2014, boosting shares of oil companies including Occidental (OXY) , which gained 4.8%, Marathon (MRO) , up 3.8%, and Apache (APA) , which gained 2.5%. Spot gasoline also rose 2.7% to $2.17 a gallon, boding ill for the summer driving season in the U.S. and potentially eroding any gains middle-class Americans received from the Trump tax cuts.
- [By Matthew DiLallo]
The company’s Powder River Basinassets also generated strong drilling results, with several wells topping 1,000 BOE/D. Finally, while the company did drill four wells in the Bakken, it has deferred completing them until later this year. That program is one to keep an eye on given the results Marathon Oil (NYSE:MRO) delivered last quarter, when it completed record-setting wells in the Three Forks and Middle Bakken formations.
- [By Logan Wallace]
Marathon Oil (NYSE:MRO) gapped down before the market opened on Thursday . The stock had previously closed at $22.09, but opened at $21.63. Marathon Oil shares last traded at $21.47, with a volume of 12430818 shares traded.
- [By Matthew DiLallo]
Marathon Oil (NYSE:MRO), likewise, said it would stick with its $2.3 billion drilling budget, which is enough money to grow oil and gas production in the U.S. by 25% to 30% versus last year. Because of that capital discipline, Marathon is on pace to produce more than $500 million in excess cash this year, and that’s assuming crude averages $60 a barrel.
- [By Matthew DiLallo]
Saudi Aramco’s valuation, however, isn’t the only one that would benefit from a pop in the price of crude. Many oil producers in the U.S. restructured their operations to run on $50 oil, so if the Saudi strategy is successful, these oil companies would produce a gusher of cash flow, which could fuel high-octane gains for investors. While that rise would likely lift the entire sector, Devon Energy (NYSE:DVN) and Marathon Oil (NYSE:MRO)could outperform in that scenario.
Top 10 Blue Chip Stocks To Buy Right Now: Monolithic Power Systems, Inc.(MPWR)
Advisors’ Opinion:
- [By Logan Wallace]
News headlines about Monolithic Power Systems (NASDAQ:MPWR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monolithic Power Systems earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.1278970459044 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached a new 52-week high and low on Wednesday after Deutsche Bank raised their price target on the stock from $130.00 to $140.00. Deutsche Bank currently has a buy rating on the stock. Monolithic Power Systems traded as low as $137.03 and last traded at $136.43, with a volume of 4470 shares trading hands. The stock had previously closed at $136.41.
Top 10 Blue Chip Stocks To Buy Right Now: Enova International, Inc.(ENVA)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Genprex, Inc. (NASDAQ: GNPX) jumped 46.7 percent to $16.1331. The low-float small-cap clinical stage gene therapy company saw its stock rally nearly 150 percent from Monday through Thursday. Formal news hasn't been announced this week that would support a triple-digit percentage rally (including more than 200 percent at one point on Thursday) but the quiet period following its initial public offering will expire on May 8.
Celyad SA (NASDAQ: CYAD) shares gained 24.7 percent to $36.17. Celyad reported the publication of THINK study case report of CYAD-01 Induced Complete Remission in relapsed/refractory AML patient in haematologica.
DMC Global Inc. (NASDAQ: BOOM) shares jumped 23.2 percent to $39.00 after the company reported upbeat Q1 results and issued upbeat Q2 guidance.
eHealth, Inc. (NASDAQ: EHTH) gained 21.8 percent to $19.58 as the company posted upbeat Q1 results.
Enova International, Inc. (NYSE: ENVA) climbed 20.4 percent to $27.20 following Q1 results.
SVB Financial Group (NASDAQ: SIVB) shares jumped 18.2 percent to $304.135 following strong quarterly results.
Knowles Corporation (NYSE: KN) gained 13.9 percent to $12.70 as the company reported Q1 results.
Zymeworks Inc. (NYSE: ZYME) gained 13.8 percent to $17.36.
Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 11.8 percent to $2.336 after declining 25.09 percent on Thursday.
ImmunoGen, Inc. (NASDAQ: IMGN) shares surged 11.7 percent to $11.75 after the company announced 'successful completion of interim analysis' for FORWARD I Phase 3 mirvetuximab soravtansine trial.
Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) gained 9.5 percent to $12.70.
Expedia Group, Inc. (NASDAQ: EXPE) shares rose 8.5 percent to $115.3801 after the company reported stronger-than-expected earnings for its first quarter on Thursday.
Sprint Corporation (NYSE: S) shares rose 8.3 percent to $6.50. The stock moved higher after a Reuters report suggested ongoing merger talks with T-M
- [By Joseph Griffin]
Enova International (NYSE:ENVA) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
- [By Max Byerly]
Enova International (NYSE: ENVA) and Regional Management (NYSE:RM) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, profitability, valuation, analyst recommendations, dividends, earnings and institutional ownership.
- [By Shane Hupp]
Media stories about Enova International (NYSE:ENVA) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enova International earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 47.1141156093879 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Top 10 Blue Chip Stocks To Buy Right Now: Cinemark Holdings Inc(CNK)
Advisors’ Opinion:
- [By Shane Hupp]
Hodges Capital Management Inc. raised its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,681 shares of the company’s stock after acquiring an additional 6,234 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.27% of Cinemark worth $11,741,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Rich Smith]
On balance, AMC’s offer still appears to fall significantly short of MoviePass’ as a value proposition (as did an earlier competing offer from Cinemark (NYSE:CNK) last year). So long as MoviePass remains in business, I honestly can’t see many moviegoers taking AMC up on its offer.
- [By Shane Hupp]
Blair William & Co. IL raised its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,906 shares of the company’s stock after purchasing an additional 1,929 shares during the period. Blair William & Co. IL’s holdings in Cinemark were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Lisa Levin] Companies Reporting Before The Bell
Anheuser-Busch InBev SA/NV (NYSE: BUD) is estimated to report quarterly earnings at $0.89 per share on revenue of $13.06 billion.
SINA Corporation (NASDAQ: SINA) is expected to report quarterly earnings at $0.42 per share on revenue of $433.32 million.
Weibo Corporation (NASDAQ: WB) is projected to report quarterly earnings at $0.47 per share on revenue of $342.39 million.
Ameren Corporation (NYSE: AEE) is estimated to report quarterly earnings at $0.57 per share on revenue of $1.55 billion.
Mylan N.V. (NASDAQ: MYL) is projected to report quarterly earnings at $0.98 per share on revenue of $2.75 billion.
Cinemark Holdings, Inc. (NYSE: CNK) is estimated to report quarterly earnings at $1.31 per share on revenue of $1.51 billion.
ADT Inc. (NYSE: ADT) is expected to report quarterly earnings at $0.24 per share on revenue of $1.11 billion.
Coty Inc. (NYSE: COTY) is projected to report quarterly earnings at $0.13 per share on revenue of $2.18 billion.
Pinnacle Entertainment, Inc. (NYSE: PNK) is estimated to report quarterly earnings at $0.31 per share on revenue of $644.94 million.
Conduent Incorporated (NYSE: CNDT) is estimated to report quarterly earnings at $0.21 per share on revenue of $1.44 billion.
Delphi Technologies PLC (NYSE: DLPH) is projected to report quarterly earnings at $1.16 per share on revenue of $1.25 billion.
Office Depot, Inc. (NASDAQ: ODP) is expected to report quarterly earnings at $0.08 per share on revenue of $2.72 billion.
Global Partners LP (NYSE: GLP) is estimated to report quarterly earnings at $0.13 per share on revenue of $2.33 billion.
Wolverine World Wide, Inc. (NYSE: WWW) is projected to report quarterly earnings at $0.37 per share on revenue of $530.99 million.
Performance Food Group Company (NYSE: PFGC) is expected to report quarterly earnings at $0.32 per share on revenue of $4.46 billion.
Groupon, Inc. (NASDAQ: GRPN) is projected to report
- [By Shane Hupp]
Royal Bank of Canada raised its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,946 shares of the company’s stock after purchasing an additional 10,434 shares during the quarter. Royal Bank of Canada’s holdings in Cinemark were worth $4,179,000 as of its most recent SEC filing.
Top 10 Blue Chip Stocks To Buy Right Now: Partner Communications Company Ltd.(PTNR)
Advisors’ Opinion:
- [By Logan Wallace]
Deutsche Telekom (OTCMKTS: DTEGY) and Partner Communications (NASDAQ:PTNR) are both utilities companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, valuation, institutional ownership, profitability and risk.
- [By Lisa Levin]
Thursday afternoon, the health care shares rose 1.79 percent. Meanwhile, top gainers in the sector included Partner Communications Company Ltd. (NASDAQ: PTNR), up 8 percent, and Cellcom Israel Ltd. (NYSE: CEL) up 7 percent.
- [By Joseph Griffin]
Partner Communications (NASDAQ: PTNR) and Hutchison Telecommunications Hong Kong (OTCMKTS:HTHKY) are both small-cap computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their profitability, earnings, analyst recommendations, valuation, risk, dividends and institutional ownership.
- [By Lisa Levin]
Thursday morning, the telecommunication services shares rose 1.06 percent. Meanwhile, top gainers in the sector included Globalstar, Inc. (NYSE: GSAT), up 5 percent, and Partner Communications Company Ltd. (NASDAQ: PTNR) up 4 percent.
- [By Money Morning News Team]
Partner Communications Co. Ltd. (Nasdaq: PTNR) is an Israeli-based mobile network operator, as well as an Internet and telephone provider. Founded in 1999, Partner was formerly operating under the umbrella of the French telecommunications company “Orange” until 2016.
Top 10 Blue Chip Stocks To Buy Right Now: Aerojet Rocketdyne Holdings, Inc. (AJRD)
Advisors’ Opinion:
- [By Max Byerly]
Get a free copy of the Zacks research report on Aerojet Rocketdyne (AJRD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Rich Smith]
In fact, Boeing and Lockheed Martin look to be two-time winners, as the second largest bump in funding is going to help pay for deep space missions, and to NASA’s Orion crew vehicle and Space Launch System (SLS), which are designed to carry them. Orbital ATK (soon to be absorbed into Northrop Grumman) and Aerojet Rocketdyne (NYSE:AJRD) are other key players on the SLS project. Congress wants to pour an additional $294 million into this program, funding it with $5.1 billion next year.
- [By Rich Smith]
Aerojet Rocketdyne (NYSE:AJRD) stock lost 12% of its value in the two days after the company reported earnings for the first quarter of 2018 — a miss, and its third such miss in a row, according to data from Yahoo! Finance. Since that report and subsequent drop, however, Aerojet Rocketdyne has come roaring back, recovering all of its losses, and even adding a bit more.
- [By Max Byerly]
Get a free copy of the Zacks research report on Aerojet Rocketdyne (AJRD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Blue Chip Stocks To Buy Right Now: TCP Capital Corp.(TCPC)
Advisors’ Opinion:
- [By Joseph Griffin]
TCP Capital (NASDAQ:TCPC)‘s stock had its “buy” rating restated by equities research analysts at National Securities in a research report issued to clients and investors on Monday. They presently have a $17.00 price objective on the investment management company’s stock. National Securities’ price target indicates a potential upside of 17.24% from the stock’s previous close.
- [By Joseph Griffin]
TCP Capital (NASDAQ:TCPC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Top 10 Blue Chip Stocks To Buy Right Now: Texas Instruments Incorporated(TXN)
Advisors’ Opinion:
- [By Logan Wallace]
Texas Instruments (NASDAQ: TXN) and AXT (NASDAQ:AXTI) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, profitability, valuation, dividends and risk.
- [By Max Byerly]
Investors bought shares of Texas Instruments Incorporated (NASDAQ:TXN) on weakness during trading hours on Friday. $154.33 million flowed into the stock on the tick-up and $120.49 million flowed out of the stock on the tick-down, for a money net flow of $33.84 million into the stock. Of all companies tracked, Texas Instruments had the 28th highest net in-flow for the day. Texas Instruments traded down ($1.50) for the day and closed at $115.74
- [By Lisa Levin] Gainers
Daré Bioscience, Inc. (NASDAQ: DARE) shares climbed 54.2 percent to $1.25 on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform.
Travelzoo (NASDAQ: TZOO) climbed 21.3 percent to $9.40 following strong Q1 results.
Intrepid Potash, Inc. (NYSE: IPI) gained 16.5 percent to $4.60.
K12 Inc. (NYSE: LRN) shares rose 11.2 percent to $15.4206 following Q3 results.
Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares rose 11 percent to $15.3289. McDermott issued a release reiterating rejection of Subsea 7's offer.
Six Flags Entertainment Corporation (NYSE: SIX) shares gained 9.2 percent to $64.61 as the company posted a narrower-than-expected loss for its first quarter.
Tupperware Brands Corporation (NYSE: TUP) surged 8.5 percent to $46.00 as the company posted in-line quarterly earnings.
Carlisle Companies Incorporated (NYSE: CSL) climbed 7.5 percent to $107.22 after reporting Q1 results.
Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) rose 6.1 percent to $14.78. B. Riley initiated coverage on Allena Pharmaceuticals with a Buy rating.
Texas Instruments Incorporated (NASDAQ: TXN) rose 4.6 percent to $102.90 after the company reported stronger-than-expected earnings for its first quarter on Tuesday.
Credit Suisse Group AG (NYSE: CS) rose 4.5 percent to $17.03 following strong Q1 results.
STMicroelectronics N.V. (NYSE: STM) rose 4.2 percent to $22.20 after reporting Q1 results.
Check out these big penny stock gainers and losers
- [By Ethan Ryder]
Bank of Hawaii lessened its position in Texas Instruments (NASDAQ:TXN) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,725 shares of the semiconductor company’s stock after selling 1,555 shares during the period. Bank of Hawaii’s holdings in Texas Instruments were worth $3,296,000 at the end of the most recent reporting period.
- [By Anders Bylund]
Microchip veteran Texas Instruments (NASDAQ:TXN) just presented a bare-bones view of its second-quarter results. Tucked into the announcement of Chairman Rich Templeton taking back the CEO title again, the mini-report came in well above Wall Street’s expectations.
Top 10 Blue Chip Stocks To Buy Right Now: BB&T Corporation(BBT)
Advisors’ Opinion:
- [By ]
BB&T Bank (BBT) : “They report next week and I think the story will be a good one. I’d only buy into weakness. It’s still not down enough from it’s high.”
- [By ]
In the Lightning Round, Cramer was bullish on FMC Corp (FMC) , Pennsylvania Real Estate Investment Trust (PEI) , Cisco Systems (CSCO) , HP (HPQ) , BB&T Bank (BBT) and HCA Holdings (HCA) .
- [By Shane Hupp]
News stories about BB&T (NYSE:BBT) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BB&T earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.6887882598231 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
- [By Ethan Ryder]
State Treasurer State of Michigan decreased its holdings in BB&T (NYSE:BBT) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,861 shares of the insurance provider’s stock after selling 2,400 shares during the quarter. State Treasurer State of Michigan’s holdings in BB&T were worth $11,910,000 as of its most recent SEC filing.