Stocks finished the week lower as oil prices fell and the Federal Reserve looks set to raise interest rates next week.
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The S&P 500 fell 0.4% this week after rising 0.3% to2,372.60 today, while the Dow Jones Industrial Average dropped 0.5% this week after advancing44.79 points, or 0.2%, to20,902.98 today. The Nasdaq Composite dipped 0.2% this week after gaining 0.4% to5,861.73 today.
The S&P 500 and the Nasdaq Composite snapped six-week winning streaks, while the Dow ended a four-week winning streak.
Wellington Shields’ Frank Gretz notes that the “market is supposed to be anticipatory.” He explains:
Opinions follow price memories do as well. If higher prices alone were not enough, the news always seems to improve as prices move higher. After all, the media always needs to explain the higher prices, and the good therefore becomes the emphasis. For example, theres little talk of the all-but-certain pending rate hike. Since the election the market has had a remarkable run, one built more on policy hope than policy reality. This complaint is met with the retort that it has only been 50 days, or whatever. Fair enough, but the point remains. Then, too, the market is supposed to do this, its supposed to be anticipatory. Investors are getting this, and hence, what has been persistent strength. Interestingly, investors will begin to believe they always got it no one was really worried about a possible trade war, and so on. The psychologist Baruch Fischhoff called this creeping determinism, the idea that unexpected events turn into the expected. In other words, we will remember being more bullish in November than we were.
Top 10 Low Price Stocks To Invest In 2018: TransEnterix, Inc.(TRXC)
Advisors’ Opinion:
- [By Lisa Levin]
Transenterix Inc (NASDAQ: TRXC) was down, falling around 38 percent to $0.681. TransEnterix reported the pricing of $24.9 million public offering of common stock and warrant.
- [By Jim Robertson]
On Friday, four out of ten of the worst performing small cap stocks had double digit losses due to announcing public stock offerings:
Medical device stock Transenterix Inc (NYSEMKT: TRXC) sank 40.37% after announcing a $24.9 million offeringand the pricing of its public offering of units, each consisting of one share of the Companys common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase 0.75 shares of common stock at a price of $1.00 per unit:
- [By Lee Jackson]
Ahuge 10% owner of TransEnterix Inc. (NYSE: TRXC) camein and bought more shares last week. SOFAR SpA added3,722,685 more shares of the medical device companys stock at a reported $1.40 apiece. The total for the trade was posted at $5,226,650.
Top 10 Low Price Stocks To Invest In 2018: Mitel Networks Corporation(MITL)
Advisors’ Opinion:
- [By Lisa Levin]
ShoreTel Inc (NASDAQ: SHOR) shares shot up 28 percent to $7.47. Mitel Networks Corp (NASDAQ: MITL) announced plans to acquire Shortel for $7.50 per share in cash.
Top 10 Low Price Stocks To Invest In 2018: Durect Corporation(DRRX)
Advisors’ Opinion:
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
Top 10 Low Price Stocks To Invest In 2018: Tenneco Inc.(TEN)
Advisors’ Opinion:
- [By Ben Levisohn]
Shares of auto-part makers like Delphi Automotive (DLPH), BorgWarner (BWA), and Tenneco (TEN) are getting killed today, ostensibly due to an article in Automotive News. Wells Fargo’s Richard Kwas and team think Tesla Motors (TSLA) and its Model 3 deserve at least some of the blame:
Top 10 Low Price Stocks To Invest In 2018: Surgical Care Affiliates, Inc.(SCAI)
Advisors’ Opinion:
- [By Lisa Levin]
Surgical Care Affiliates Inc (NASDAQ: SCAI) shares were also up, gaining 16 percent to $56.55 after UnitedHealth Group Inc. (NYSE: UNH) disclosed that its unit agreed to acquire Surgical Care Affiliates for around $2.3 billion.
Top 10 Low Price Stocks To Invest In 2018: Bank of Marin Bancorp(BMRC)
Advisors’ Opinion:
- [By Lisa Levin]
Monday afternoon, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Bank of Marin Bancorp (NASDAQ: BMRC) and BankUnited (NYSE: BKU).
- [By Christopher Flens-Batina]
Bank of Marin (NASDAQ:BMRC) has shot up about 40% in value in the past 2 months. Low expenses are one of the reasons for the recent growth, and free checkingaccounts are a big part of this.
Top 10 Low Price Stocks To Invest In 2018: Molex Incorporated(MOLX)
Advisors’ Opinion:
- [By Shauna O’Brien]
Shares of electronic connector maker Molex Incorporated (MOLX) skyrocketed on Monday morning after reports that the company will be acquired by Koch Industries.
Koch Industries has agreed to acquire Molex for a total of $7.2 billion. This deal will include all outstanding shares of the company’s Common Stock, Class A Common Stock and Class B Common Stock for $38.50 per share.
The deal has been approved by the board of directors of both companies. Molex will continue to maintain its current management team and its current headquarters in Lisle, IL.
Molex shares were up $9.15, or 31.17%, during Monday morning trading. The stock is up 41% YTD.
Top 10 Low Price Stocks To Invest In 2018: HTC CORPORATION (HTCXF)
Advisors’ Opinion:
- [By David Kretzmann]
I expect a lot of talk this week about virtual reality (VR) and augmented reality (AR) — relatively new computing platforms that carry the potential to transform how people interact with technology. At present, there is no clear winner yet with either of these emerging platforms. Facebook (NASDAQ:FB)has Oculus, and Google is doing its part with Daydream. Another key player in the virtual reality landscape is HTC(NASDAQOTH:HTCXF) Vive, which recently hosted an event showcasing the company’s latest developments in VR.
Top 10 Low Price Stocks To Invest In 2018: MDU Resources Group, Inc.(MDU)
Advisors’ Opinion:
- [By Lisa Levin]
In trading on Monday, utilities shares fell by 1.08 percent. Meanwhile, top losers in the sector included South Jersey Industries Inc (NYSE: SJI), down 4 percent, and MDU Resources Group Inc (NYSE: MDU), down 4 percent.
Top 10 Low Price Stocks To Invest In 2018: lululemon athletica inc.(LULU)
Advisors’ Opinion:
- [By Trey Thoelcke]
And Lululemon Athletica Inc. (NASDAQ: LULU) is expected to release its most recent quarterly results on Thursday afternoon. The consensus forecast calls for $0.35 in EPS and revenue of $567.55 million. The stock ended the week at $60.21 a share. The consensus price target is $61.97, and the 52-week range is $47.26 to $79.41.
- [By Peter Graham]
Athletic apparel stock Lululemon Athletica inc (NASDAQ: LULU) reported Q2 2017 earnings after the Thursday market close with results toppingexpectations as online sales surged 30% after an effort to beef up the eCommerce strategy plus the Company raised its outlook. Net revenuegrew 13% to$581.1 millionas total comparable sales increased 7% and comparable store sales increased 2%, or increased by 2% on a constant dollar basis. Direct to consumer net revenue increased 29%, or increased 30% on a constant dollar basis. During the quarter the Company held an online warehouse sale. Excluding the impact of this sale, direct to consumer net revenue increased 15%, or increased 16% on a constant dollar basis. Net income was $48.711 million versus net income of $53.625 million. The Company ended the second quarter of fiscal 2017 with $721.2 million in cash and cash equivalents compared to $535.3 million at the end of the second quarter of fiscal 2016. The CEO commented:
- [By Peter Graham]
Athletic apparel stock Lululemon Athletica inc (NASDAQ: LULU)reported earnings for the first quarter ended April30, 2017along witha plan to restructure its ivivva operations. Net revenuerose 5% to$520.3 millionas total comparable sales decreased 1% whiledirect to consumer net revenue was flat. Net income was $31.246 million versus $45.336 million. In addition, the earnings report stated:
- [By WWW.THESTREET.COM]
In after-hours trade, shares of Lululemon (LULU) skyrocketed 14.05% to $68.25 after the Vancouver, Canada-based athletic clothing maker sprinted past analyst expectations for its third-quarter earnings.
- [By Peter Graham]
The Q3 2016 earnings report forlarge cap technical athletic apparel stock Lululemon Athletica inc (NASDAQ: LULU) isscheduled forafter the marketcloses onWednesday (December 7th) as the company gets hit by analyst downgrades:
- [By Lisa Levin]
Lululemon Athletica inc. (NASDAQ: LULU) reported stronger-than-expected results for its first quarter and raised its FY 2017 earnings outlook on Thursday.
