U.S. STOCKS ON THE MOVE-Arthur J. Gallagher, Bluebird Bio, Charles Schwab
14/12/2023 19:27
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The Dow Jones industrial average inched up on Thursday to notch a new intra-day
record high, a day after the Federal Reserve hinted an end to its aggressive
rate-hike campaign and signaled that borrowing costs would be lower next
year. .N
At 1402 ET, the Dow Jones Industrial Average .DJI was up 0.10% at
37,126.02. The S&P 500 .SPX was down 0.03% at 4,705.48 and the Nasdaq
Composite .IXIC was down 0.32% at 14,686.471.
The top three S&P 500 .PG.INX percentage gainers:
** SolarEdge Technologies SEDG.O , up 14.3%
** Enphase Energy ENPH.O , up 11.7%
** Mohawk Industries MHK.N , up 10.5%
The top three S&P 500 .PL.INX percentage losers:
** Arthur J. Gallagher AJG.N , down 7.4%
** Adobe ADBE.O , down 6.9%
** Exelon Corporation EXC.O , down 6.3%
The top two NYSE .PG.N percentage gainers:
** Gaotu Techedu GOTU.N , up 23.3%
** Glaukos Corporation GKOS.N , up 23%
The top two NYSE .PL.N percentage losers
** Regis Corp RGS.N , down 19.4%
** Lanvin Group Holdings LANV.N , down 16.6%
The top three Nasdaq .PG.O percentage gainers:
** TPI Composites TPIC.O , up 68.2%
** TriSalus Life Sciences TLSI.O , up 51.3%
** Inno Holdings INHD.O , up 45.3%
The top three Nasdaq .PL.O percentage losers:
** Amtech Systems ASYS.O , down 31.4%
** Cepton CPTN.O , down 28.2%
** Mind Technology MINDP.O , down 24.4%
** Adobe Inc ADBE.O : down 6.9%
BUZZ - Slides on anti-trust issues, weak revenue forecasts urn:newsml:reuters.com:*:nL4N3D92AD
** Ocular Therapeutics Inc OCUL.O : down 15.6%
BUZZ - Tumbles on $100 mln stock offering urn:newsml:reuters.com:*:nL1N3D90TQ
** AerSale Corp ASLE.O : down 9.3%
BUZZ - Falls as Leonard Green carves stake in secondary offering urn:newsml:reuters.com:*:nL1N3D91G6
** Invesco Ltd IVZ.N : up 6.9%
BUZZ - Rises after KBW upgrades to 'outperform', lifts PT urn:newsml:reuters.com:*:nL4N3D92MH
** Moderna Inc MRNA.O : up 7.4%
BUZZ - Techs suggest key impediments may give way urn:newsml:reuters.com:*:nL1N3D8265
** Foot Locker Inc FL.N : up 9.0%
BUZZ - Rises after Piper Sandler upgrades to 'overweight' urn:newsml:reuters.com:*:nL4N3D93DY
** Southwest Airlines Co LUV.N : up 2.2%
BUZZ - Up on tighter Q4 revenue forecast urn:newsml:reuters.com:*:nL4N3D939E
** Newmont Corp NEM.N : up 2.7%
** Barrick Gold Corp GOLD.N : up 1.3%
** Sibanye Stillwater Ltd SBSW.N : up 8.9%
** Gold Fields Ltd GFI.N : up 9.2%
BUZZ - Gold miners rise as dollar, Treasury yields weaken on Fed rate cut
forecast urn:newsml:reuters.com:*:nL4N3D93OO
** Codexis Inc CDXS.O : up 32.5%
BUZZ - Up on licensing agreement with Aldevron urn:newsml:reuters.com:*:nL4N3D92SA
** Apellis Pharmaceuticals Inc APLS.O : down 22.3%
BUZZ - Falls after concerns over eye disease drug approval in EU urn:newsml:reuters.com:*:nL4N3D92SW
** SoFi Technologies Inc SOFI.O : up 3.7%
** Block Inc SQ.N : up 5.9%
BUZZ - Fintech, payment stocks rise after Fed signals policy pivot urn:newsml:reuters.com:*:nL4N3D92T0
** KeyCorp KEY.N : up 4.7%
BUZZ - Rises after Wells Fargo upgrades to Street-high PT urn:newsml:reuters.com:*:nL4N3D92WK
** Chevron Corp CVX.N : up 2.7%
** Marathon Oil Corp MRO.N : up 2.5%
** Devon Energy Corp DVN.N : up 3.6%
** APA Corp APA.O : up 2.0%
BUZZ - Oil companies rise as IEA lifts 2024 demand forecast urn:newsml:reuters.com:*:nL4N3D92WL
** Occidental Petroleum Corp OXY.N : up 2.8%
BUZZ - Gains as Berkshire Hathaway boosts stake urn:newsml:reuters.com:*:nL4N3D93G7
** Pagaya Technologies Ltd PGY.O : up 10.4%
BUZZ - Rises after Jefferies initiates coverage with 'buy' urn:newsml:reuters.com:*:nL4N3D92UF
** Jabil Inc JBL.N : up 9.7%
BUZZ - Rises on Q1 results beat urn:newsml:reuters.com:*:nL4N3D93DF
** Park Hotels & Resorts Inc PK.N : up 5.7%
** Host Hotels & Resorts Inc HST.O : up 4.8%
** Sunstone Hotel Investors Inc SHO.N : up 3.1%
BUZZ - J.P. Morgan upgrades, raises PTs on lodging REITs urn:newsml:reuters.com:*:nL4N3D92ZL
** Live Nation Entertainment Inc LYV.N : up 5.1%
BUZZ - Gains after brokerage upgrades to 'overweight' urn:newsml:reuters.com:*:nL4N3D92XI
** Pembina Pipeline Corp PBA.N : down 0.9%
BUZZ - Falls after deal with Enbridge urn:newsml:reuters.com:*:nL4N3D930O
** Zions Bancorporation NA ZION.O : up 4.6% premarket
BUZZ - Rises after brokerages raise price targets urn:newsml:reuters.com:*:nL4N3D930I
** FedEx Corp FDX.N : up 2.0%
BUZZ - Bernstein raises PT for FedEx on improved market conditions, cost-cut
push urn:newsml:reuters.com:*:nL4N3D933S
** D R Horton Inc DHI.N : up 5.3%
** Lennar Corp LEN.N : up 5.8%
** Pultegroup Inc PHM.N : up 5.7%
** Toll Brothers Inc TOL.N : up 7.4%
** KB Home KBH.N : up 5.9%
BUZZ - Bank of America sees tailwind for US homebuilders on lower interest
rates urn:newsml:reuters.com:*:nL4N3D931D
** Bluebird Bio Inc BLUE.O : up 8.7%
BUZZ - Rises after coverage agreement on gene therapy urn:newsml:reuters.com:*:nL4N3D93CL
** Top Ships Inc TOPS.O : up 3.2%
BUZZ - Gains on $4 mln share buyback plan urn:newsml:reuters.com:*:nL4N3D93GZ
** JPMorgan Chase & Co JPM.N : up 1.7%
** Wells Fargo & Co WFC.N : up 5.0%
** Citigroup Inc C.N : up 2.8%
** Goldman Sachs Group Inc GS.N : up 5.1%
BUZZ - BofA Securities raises PT on US lenders after Fed signals rate cuts
urn:newsml:reuters.com:*:nL4N3D93FE
** Canadian Natural Resources Ltd CNQ.N : up 1.4%
BUZZ - Forecasts higher 2024 production; stock up urn:newsml:reuters.com:*:nL4N3D93GQ
** Six Flags Entertainment Corp SIX.N : up 2.0%
BUZZ - Advances after Morgan Stanley upgrades to 'overweight' urn:newsml:reuters.com:*:nL4N3D933P
** McKesson Corp MCK.N : down 4.0%
** Cardinal Health Inc CAH.N : down 5.9%
BUZZ - Fall after Wells Fargo initiates coverage urn:newsml:reuters.com:*:nL1N3D924R
** Charles Schwab Corp SCHW.N : up 6.1%
BUZZ - Rises on higher client assets in November urn:newsml:reuters.com:*:nL4N3D93GW
** Albemarle Corp : up 2.3%
** Livent Corp : up 7.3%
** Piedmont Lithium Inc : up 12.6%
** Sociedad Química y Minera de Chile : up 4.5%
BUZZ - Lithium miners gain on higher metal prices urn:newsml:reuters.com:*:nL4N3D93P6
** Rio Tinto PLC RIO.N : up 2.6%
** BHP Group Ltd BHP.N : up 2.3%
** Southern Copper Corp SCCO.N : up 5.1%
BUZZ - Copper miners gain on weaker dollar, rate cut expectations urn:newsml:reuters.com:*:nL4N3D93O8
** Maxeon Solar Technologies Ltd MAXN.O : up 20.5%
** Sunrun Inc RUN.O : up 18.9%
** SunPower Corp SPWR.O : up 14.3%
** Sunnova Energy International Inc NOVA.N : up 13.4%
BUZZ - Solar stocks climb as Fed hints at lower interest rates urn:newsml:reuters.com:*:nL4N3D93RJ
** Walt Disney Co DIS.N : up 0.9%
** Tesla Inc TSLA.O : up 4.1%
** Rumble Inc RUM.O : up 7.0%
BUZZ - Stocks bask in glow of dovish Fed urn:newsml:reuters.com:*:nL4N3D93RZ
** Halliburton Co HAL.N : up 3.0%
** Coterra Energy Inc CTRA.N : up 2.6%
** Schumberger NV SLB.N : up 5.8%
BUZZ - US energy sector rises as IEA's demand forecast upgrade boosts crude
prices urn:newsml:reuters.com:*:nL4N3D93SG
** Intel Corp INTC.O : up 0.6%
BUZZ - Up, says dozens of PC makers using its new AI chip urn:newsml:reuters.com:*:nL4N3D93N6B
** Costco Wholesale Corp COST.O : down 1.6%
BUZZ - Shares edge down; results due after the bell urn:newsml:reuters.com:*:nL1N3D92BQ
** United Parcel Services Inc UPS.N : up 2.8%
BUZZ - Rises after Oppenheimer raises PT on improving volumes [nL4N3D93ZB ]
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 0.86%
Consumer Discretionary .SPLRCD up 0.55%
Consumer Staples .SPLRCS down 1.00%
Energy .SPNY up 2.61%
Financial .SPSY up 0.74%
Health .SPXHC down 0.84%
Industrial .SPLRCI up 0.99%
Information Technology .SPLRCT down 0.75%
Materials .SPLRCM up 1.63%
Real Estate .SPLRCR up 2.56%
Utilities .SPLRCU down 0.72%
(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))