Source: ThinkstockDecember 12, 2017: The S&P 500 closed up 0.2% at 2,664.15. The DJIA closed up 0.5% at 24,505.36. Separately, the Nasdaq was down 0.2% at 6,862.32.
Tuesday was a mixed day for the broad U.S. markets. The Dow and S&P 500 again hit intraday highs, while the Nasdaq lagged. Crude oil gave back all its gains from Monday and then some. The S&P 500 sectors were mostly positive on the day with one very large exception. The best performing sectors were financials and real estate up 1% and 0.4%, respectively. The worst performing sectors were utilities and energy down 1.7% and 0.3%, respectively.
Crude oil was down 1.3% at $57.22.
Gold was down 0.1% at $1,242.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Iron Mountain Inc. (NYSE: IRM) which traded down over 7% at $37.80. The stocks 52-week range is $31.39 to $41.53. Volume was 8.3 million versus the daily average of 1.2 million shares.
Top 5 Performing Stocks To Buy Right Now: Trina Solar Limited(TSL)
- [By Elizabeth Balboa]
The firm has a Sell rating on First Solar, JA Solar Holdings and Trina Solar Limited (ADR) (NYSE: TSL). It maintains a NC rating on SunPower Corporation, Canadian Solar and JinkoSolar Holding.
- [By Spencer Israel]
Axiom Capital Managing Director Gordon Johnson upgraded the entire alternative energy sector from Market Underweight to Market Overweight and upgraded SolarCity Corp (NASDAQ: SCTY) from Sell to Hold and Trina Solar Limited (ADR) (NYSE: TSL), Yingli Green Energy Holding Co Ltd (ADR) (NYSE: YGE) and JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) from Sell to Buy.
- [By Roberto Pedone]
Another potential earnings short-squeeze candidate is integrated solar-power products maker Trina Solar (TSL), which is set to release numbers on next Monday before the market open. Wall Street analysts, on average, expect Trina Solar to report revenue of $645.68 million on earnings of 15 cents per share.
The current short interest as a percentage of the float for Trina Solar is extremely high at 24.5%. That means that out of the 76.94 million shares in the tradable float, 18.88 million shares are sold short by the bears. If the bulls get the earnings news they’re looking for, then shares of TSL could easily rip sharply higher post-earnings as the bears move to cover some of their positions.
From a technical perspective, TSL is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock recently formed a double bottom chart pattern at $8.67 to $9.04 a share. Shares of TSL have now started to rebound off those support levels and it’s quickly moving within range of triggering a major breakout trade post-earnings above some key near-term overhead resistance levels.
If you’re bullish on TSL, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $10.72 to $11.19 a share and then above its 50-day moving average of $11.17 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 5.17 million shares. If that breakout materializes post-earnings, then TSL will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $12.49 to $14 a share, or even $14.50 to $15 a share.
I would avoid TSL or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below some near-term support levels at $10 a share to those double bottom support levels at $9.04 to $8
Top 5 Performing Stocks To Buy Right Now: The Herzfeld Caribbean Basin Fund, Inc.(CUBA)
- [By WWW.MONEYSHOW.COM]
This "Trump pick" is a snub to the President’s trade and diplomatic reversals of Obama’s wins regarding Cuba. We are buying back Herzfeld Caribbean Basin Fund (CUBA), following in the footsteps of its founder, Tom Herzfeld, and his son Erik.
Top 5 Performing Stocks To Buy Right Now: PetMed Express, Inc.(PETS)
- [By Peter Graham]
Small cap pet stockPetmed Express Inc (NASDAQ: PETS) reportedQ2 earnings before the market opened this morning with shares soaring this morning as earnings were well beyond expectations. Net sales increased 10% to $66.7 million as new order sales increased 9% to $11.6 million while the Company’s online sales for the quarter ended September 30, 2017 were approximately 84% of all sales compared to 82% for the same quarter the prior year (with online sales increasing 12%). Net income was $8.8 million versusnet income of $4.9 million. The CEO commented:
- [By Lisa Levin] Gainers
Aimmune Therapeutics Inc (NASDAQ: AIMT) shares jumped 35 percent to $34.64 in response to failed DBVT peanut allergy trial.
Exactech, Inc. (NASDAQ: EXAC) shares surged 30.9 percent to $41.88 after the company agreed to be acquired by TPG Capital for $42 per share in cash.
Dextera Surgical Inc (NASDAQ: DXTR) shares climbed 27.6 percent to $0.238 after surging 40.48 percent on Friday.
Petmed Express Inc (NASDAQ: PETS) jumped 21.8 percent to $44.73 as the company reported better-than-expected Q2 results.
SenesTech Inc (NASDAQ: SNES) shares surged 21.7 percent to $1.95 after the company disclosed that Univar will be marketing and selling ContraPest.
Yulong Eco-Materials Ltd (NASDAQ: YECO) shares gained 18.3 percent to $0.560.
One Horizon Group Inc (NASDAQ: OHGI) shares rose 18 percent to $1.18.
Atossa Genetics Inc (NASDAQ: ATOS) shares climbed 18 percent to $0.566. Atossa Genetics is schedule to host a conference call to announce preliminary results from Phase 1 study of oral Endoxifen on October 25, 2017.
ReneSola Ltd. (ADR) (NYSE: SOL) shares rose 15.3 percent to $2.72
Renren Inc (NYSE: RENN) shares gained 11.9 percent to $10.71 after gaining 2.68 percent on Friday.
Kalvista Pharmaceuticals Inc (NASDAQ: KALV) shares rose 11.8 percent to $12.59. KalVista Pharma 13D filing from Longwood Fund showed registration for an 8.7 percent stake.
Xunlei Ltd (NASDAQ: XNET) shares gained 9.4 percent to $7.20 after surging 25.33 percent on Friday.
VF Corp (NYSE: VFC) shares surged 7.1 percent to $71.09 after the company reported upbeat earnings for its third quarter and raised its FY2017 guidance.
CAI International Inc (NYSE: CAI) rose 6.6 percent to $39.70. Cowen & Co. upgraded CAI from Market Perform to Outperform.
Agenus Inc (NASDAQ: AGEN) shares gained 5.7 percent to $4.58 as the company disclosed that GSK's shingle vaccine received FDA approval.
Deltic Timber Corp (NYSE: DEL) shares climbed 5.6 percent to $94.11
- [By Peter Graham]
Small cap pet stockPetmed Express Inc (NASDAQ: PETS) reportedQ3 earnings before the market opened this morning with shares already rising towards a record high on earnings that beat expectationsplus the Companyraised its dividend by 25%. Net sales rose 13.7% to $60.1 millionwhile net income increased 88% to $9.1 million.The CEO commented:
- [By Lisa Levin]
Monday afternoon, the non-cyclical consumer goods & services shares surged 0.22 percent. Meanwhile, top gainers in the sector included Petmed Express Inc (NASDAQ: PETS), up 20 percent, and Kroger Co (NYSE: KR), up 3 percent.
- [By Peter Graham]
A long term performance chart shows Blue Buffalo Pet Products roughly back up to its IPO close for retail investors while fresh pet food peer Freshpet Inc (NASDAQ: FRPT) isstill below IPO levels and pet stocksCentral Garden & Pet Co (NASDAQ: CENT) andPetmed Express (NASDAQ: PETS) have been much stronger performers in the pet sector after PetSmart (NASDAQ: PETM) was acquired by a private equity group:
- [By Peter Graham]
A long term performance chart shows Blue Buffalo Pet Products now roughly back up to its IPO close for retail investors while fresh pet food peer Freshpet Inc (NASDAQ: FRPT) is well below IPO levels and pet stocksCentral Garden & Pet Co (NASDAQ: CENT) andPetmed Express (NASDAQ: PETS) have been the best performers in the pet sector after PetSmart (NASDAQ: PETM) was acquired by a private equity group:
Top 5 Performing Stocks To Buy Right Now: Wins Finance Holdings Inc.(WINS)
- [By Lisa Levin]
Friday afternoon, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Wins Finance Holdings Inc (NASDAQ: WINS) and Old Second Bancorp Inc. (NASDAQ: OSBC).
- [By Lisa Levin]
On Friday, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Wins Finance Holdings Inc (NASDAQ: WINS) and Navient Corp (NASDAQ: NAVI).
Top 5 Performing Stocks To Buy Right Now: Diageo plc(DEO)
- [By Leo Sun]
Retirees should generally invest in companies with wide moats and solid dividends. In a previous article, I noted that AT&T and Unilever were easy-to-understand companies that were ideal for most retirement portfolios. Today, I’ll add two more companies to that list — alcoholic beverage giants Diageo (NYSE:DEO) and Anheuser-Busch InBev (NYSE:BUD).
- [By Jayson Derrick]
Given this less than favorable outlook, the analysts downgrade Diageo plc (ADR) (NYSE: DEO)’s stock rating from Buy to Hold with a price target on the U.K.-listed stock of GBP25.50.
- [By Mark Fritz]
Brown-Forman Corporation (NYSE: BF.B): Hold.
Price Target: $46.00.
Davide Campari Milano SpA (ADR) (OTC: DVDCY): Buy.
Price Target: 7.40 euros.
Diageo plc (ADR) (NYSE: DEO): Hold.
Price Target: 25.50 pounds.
PERNOD RICARD EUR1.55 (OTC: PDRDF): Hold.
Price Target: 98 euros.
REMY COINTREAU EUR1.60 (OTC: REMYF): Hold.
Price Target: 99 euros.
The authors relied on U.S. Census data, industry sources and the National Survey on Drug Use and Health.