U.S. STOCKS ON THE MOVE-Alvotech, Verizon, Lyft, BofA
17/10/2022 19:04
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Wall Street's main indexes jumped on Monday as Bank of America led a rally among
lenders after reporting a smaller-than-expected drop in profit, with its new
loans benefiting from higher borrowing costs. .N
At 13:35 ET, the Dow Jones Industrial Average .DJI was up 2.04% at
30,238.15. The S&P 500 .SPX was up 2.75% at 3,681.56 and the Nasdaq Composite
.IXIC was up 3.36% at 10,668.191.
The top three S&P 500 .PG.INX percentage gainers:
** Dish Network Corp DISH.OQ , up 8.6%
** Ceridian HCM Holding Inc CDAY.N , up 7.9%
** Tesla Inc TSLA.O , up 7.3%
The top three S&P 500 .PL.INX percentage losers:
** Fox Corp A FOXA.O , down 9%
** Fox Corp B FOX.O , down 7.9%
** Charles Schwab Corp SCHW.N , down 4.4%
The top three NYSE .PG.N percentage gainers:
** Archaea Energy Inc LFG.N , up 53.1%
** Roblox Corp RBLX.N , up 22.5%
** Seritage Growth Properties SRG.N , up 19.3%
The top three NYSE .PL.N percentage losers:
** Cano Health Inc CANO.N , down 41.2%
** Innovator Growth Accelerated Plus Etf-January QTJA.N , down 33.7%
** First Trust Innovation Leaders Etf ILDR.N , down 26.5%
The top three Nasdaq .PG.O percentage gainers:
** Inpixon INPX.O , up 64.3%
** American Virtual Cloud Technologies Inc AVCT.O , up 38.8%
** Opal Fuels Inc OPAL.O , up 28.8%
The top three Nasdaq .PL.O percentage losers:
** NGM Biopharmaceuticals Inc NGM.O , down 71.9%
** Minerva Neurosciences Inc NERV.O , down 66.5%
** Intelligent Living Application Group Inc ILAG.O , down 53.5%
** Alvotech SA ALVO.O : up 4.6%
BUZZ - Up on partner's application for biosimilar candidate's approval
urn:newsml:reuters.com:*:nL4N31I3C4
** Verizon Communications Inc VZ.N : up 2.2%
BUZZ - Rises on launch of new broadband service, Walmart tie-up urn:newsml:reuters.com:*:nL4N31I3D2
** Lyft Inc LYFT.O : up 5.4%
BUZZ - Rises after hiking service fee for rides to cover insurance costs
urn:newsml:reuters.com:*:nL4N31I3DD
** Splunk Inc SPLK.O : up 6.4%
BUZZ - Gains as activist investor takes 5% stake urn:newsml:reuters.com:*:nL4N31I1Y5
** Uber Technologies Inc UBER.N : up 4.7%
** Leafly Holdings Inc LFLY.O : up 5.6%
BUZZ - Rise on partnership to home-deliver cannabis in Toronto urn:newsml:reuters.com:*:nL4N31I2A3
** Moderna Inc MRNA.O : up 4.4%
BUZZ - Rises on supply agreement with Gavi for updated COVID shots urn:newsml:reuters.com:*:nL4N31I2A9
** Acorda Therapeutics Inc ACOR.O : up 132.6%
BUZZ - Gains as arbitration panel awards $16.5 million from Alkermes
urn:newsml:reuters.com:*:nL4N31I2AH
** Hims & Hers Health Inc HIMS.N : down 7.8%
BUZZ - Piper Sandler downgrades Hims & Hers Health on profitability, margin
worries urn:newsml:reuters.com:*:nL4N31I23I
** Universal Insurance Holdings Inc UVE.N : down 2.5%
BUZZ - Piper Sandler cuts Universal Insurance PT on hurricane Ian losses
urn:newsml:reuters.com:*:nL4N31I2C8
** Cloudfare Inc NET.N : up 14.5%
BUZZ - Wells Fargo upgrades Cloudfare, sees higher rev growth in CY24
urn:newsml:reuters.com:*:nL4N31I27U
** Enphase Energy Inc ENPH.O : up 2.3%
BUZZ - Rises on battery deal urn:newsml:reuters.com:*:nL4N31I2IQ
** Bank of America Corp BAC.N : up 6.3%
BUZZ - Climbs on Q3 profit beat urn:newsml:reuters.com:*:nL4N31I2HP
** Fox Corp FOXA.O : down 9.0%
BUZZ - Potential Fox-News Corp merger tacit admission of challenges for Fox-
Credit Suisse urn:newsml:reuters.com:*:nL4N31I2UT
** Bank of NY Mellon Corp BK.N : up 5.3%
BUZZ - Gains as rate hike powers profit beat urn:newsml:reuters.com:*:nL4N31I2O1
** Continental Resources Inc CLR.N : up 8.5%
BUZZ - Up on agreeing to founder Hamm's go-private offer urn:newsml:reuters.com:*:nL4N31I2MK
** Archaea Energy Inc LFG.N : up 53.1%
BUZZ - Set for all-time high after $4.1 bln buyout by BP urn:newsml:reuters.com:*:nL4N31I2PV
** NGM Biopharmaceuticals Inc NGM.O : down 71.9%
BUZZ - Slumps as eye disease drug fails in study urn:newsml:reuters.com:*:nL4N31I2OC
** Canoo Inc GOEV.O : up 15.5%
BUZZ - Gains on order for 9,300 electric vehicles urn:newsml:reuters.com:*:nL4N31I2ST
** Prologis Inc PLD.N : up 5.0%
BUZZ - Scotiabank upgrades Prologis to 'sector outperform' on growth potential
urn:newsml:reuters.com:*:nL4N31I2QY
** Green Dot Corp GDOT.N : down 2.2%
BUZZ - Slides after CEO change urn:newsml:reuters.com:*:nL1N31I0YK
** MacroGenics Inc MGNX.O : up 14.5%
** Gilead Sciences Inc GILD.O : up 0.3%
BUZZ - Gains on cancer therapy deal with Gilead urn:newsml:reuters.com:*:nL4N31I2T1
** Kroger Co KR.N : down 2.4%
BUZZ - Brokerages cut Kroger, Albertsons PT after $25 bln merger deal
urn:newsml:reuters.com:*:nL4N31I2TX
** Athira Pharma Inc ATHA.O : up 6.9%
BUZZ - Rises on advancing Alzheimer's drug trial urn:newsml:reuters.com:*:nL4N31I2W3
** Roblox Corp RBLX.N : up 22.5%
BUZZ - Rises after upbeat Sept bookings urn:newsml:reuters.com:*:nL4N31I2WO
** Zynerba Pharmaceuticals Inc ZYNE.O : up 0.6%
BUZZ - Rises on positive mid-stage data from genetic disorder trial
urn:newsml:reuters.com:*:nL4N31I2NC
** Turning Point Brands Inc TPB.N : down 2.8%
BUZZ - Slips after CEO resignation, cut in earnings forecast urn:newsml:reuters.com:*:nL4N31I2Y9
** Newmont Corp NEM.N : up 1.7%
** Barrick Gold Corp GOLD.N : up 3.7%
** Sibanye Stillwater Ltd SBSW.N : up 5.6%
** Gold Fields Ltd GFI.N : up 4.2%
BUZZ - Gold miners rise as U.S. dollar, Treasury yields retreat urn:newsml:reuters.com:*:nL4N31I2WU
** Minerva Neurosciences Inc NERV.O : down 66.5%
BUZZ - Plunges after FDA refuses to accept schizophrenia drug filing
urn:newsml:reuters.com:*:nL4N31I2XY
** Sorrento Therapeutics Inc SRNE.O : up 11.9%
BUZZ - Gains on completing early-stage study of oral COVID-19 drug urn:newsml:reuters.com:*:nL4N31I31G
** Nokia Oyj NOK.N : up 3.3%
BUZZ - Up after securing 5G supplies deal with India's Reliance Jio
urn:newsml:reuters.com:*:nL4N31I31R
** Decibel Therapeutics Inc DBTX.O : up 4.3%
BUZZ - Gains on FDA nod for hearing loss therapy trial urn:newsml:reuters.com:*:nL4N31I2NN
** Proterra Inc PTRA.O : up 9.1%
BUZZ - Gains as BTIG starts coverage with 'buy' rating urn:newsml:reuters.com:*:nL4N31I2P7
** TPG Inc TPG.O : up 1.6%
BUZZ - Jefferies starts coverage on TPG with 'hold' rating urn:newsml:reuters.com:*:nL4N31I335
** JPMorgan Chase & Co JPM.N : up 4.9%
** Wells Fargo & Co WFC.N : up 3.1%
** Morgan Stanley MS.N : up 2.7%
BUZZ - Big bank stocks cheer BofA's Q3 profit beat urn:newsml:reuters.com:*:nL4N31I33S
** Boston Beer Co SAM.N : up 1.4%
BUZZ - Gains as Credit Suisse raises PT urn:newsml:reuters.com:*:nL4N31I2ON
** Abiomed Inc ABMD.O : up 2.5%
BUZZ - Rises after FDA clears heart pump insertion device urn:newsml:reuters.com:*:nL4N31I31Z
** Apple Inc AAPL.O : up 2.8%
BUZZ - Evecore ISI says Apple well positioned to deliver Q4 beat urn:newsml:reuters.com:*:nL4N31I33W
** SM Energy Co SM.N : down 4.9%
BUZZ - Down after cutting output forecast on supply chain woes urn:newsml:reuters.com:*:nL4N31I38P
** Fennec Pharmaceuticals Inc FENC.O : up 2.4%
BUZZ - Up after launch of hearing-loss therapy urn:newsml:reuters.com:*:nL4N31I39B
** First Republic Bank FRC.N : up 4.5%
BUZZ - Raymond James upgrades to "strong buy" after steep post-earnings selloff
urn:newsml:reuters.com:*:nL1N31I1A2
** Freeport-McMoRan Inc FCX.N : up 4.1%
** BHP Group Ltd BHP.N : up 3.3%
** Rio Tinto PLC RIO.N : up 2.8%
BUZZ - Copper miners up as red metal gains on softer dollar urn:newsml:reuters.com:*:nL4N31I38X
** Medtronic Inc MDT.N : up 1.8%
BUZZ - Gains as FDA clears expanded use for pacemaker urn:newsml:reuters.com:*:nL4N31I38K
** PerkinElmer Inc PKI.N : up 4.3%
BUZZ - Rises after raising Q3 forecasts above expectations urn:newsml:reuters.com:*:nL4N31I39D
** Washington Federal Inc WAFD.O : up 3.2%
BUZZ - Jumps as D.A. Davidson raises PT urn:newsml:reuters.com:*:nL4N31I381
** Eterna Therapeutics Inc ERNA.O : up 13.5%
BUZZ - Jumps on cancer therapy options agreement urn:newsml:reuters.com:*:nL4N31I39S
** Altice USA Inc ATUS.N : up 4.2%
BUZZ - Rises on partnership with Vodafone to built broadband network in Germany
urn:newsml:reuters.com:*:nL4N31I3AU
** Chevron Corp CVX.N : up 1.5%
** Exxon Mobil Corp XOM.N : up 2.1%
** Hess Corp HES.N : up 2.5%
** Marathon Petroleum Corp MPC.N : up 2.0%
BUZZ - Energy sector up as positive Chinese signals counter recession woes
urn:newsml:reuters.com:*:nL4N31I39O
** Summit Midstream Partners LP SMLP.N : up 7.1%
BUZZ - Surges on $305-mln asset acquisitions in DJ Basin urn:newsml:reuters.com:*:nL4N31I3AB
** Medtronic Plc MDT.N : up 1.8%
** Edwards Lifesciences Corp EW.N : up 3.4%
** Boston Scientific Corp BSX.N : up 2.2%
BUZZ - Truist Securities expects medical device makers' growth outlook to be
intact urn:newsml:reuters.com:*:nL4N31I3BL
** Dare Bioscience Inc DARE.O : up 5.9%
BUZZ - Rises on promising data from hormone therapy urn:newsml:reuters.com:*:nL4N31I3C9
** Cano Health Inc CANO.N : down 41.2%
BUZZ - Tanks on report of CVS backing away from buyout urn:newsml:reuters.com:*:nL4N31I3D5
** Cigna Corp CI.N : down 1.0%
BUZZ - Slips as U.S. sues insurer for overcharging Medicare Advantage program
urn:newsml:reuters.com:*:nL4N31I3E2
** Johnson & Johnson JNJ.N : up 1.4%
BUZZ - Climbs but underperforms market ahead of results urn:newsml:reuters.com:*:nL1N31I1IT
** Goldman Sachs Group Inc GS.N : up 2.3%
BUZZ - Shares up with market before Q3 report urn:newsml:reuters.com:*:nL1N31I1KQ
The 11 major S&P 500 sectors:
Communication Services .SPLRCL up 3.69%
Consumer Discretionary .SPLRCD up 4.21%
Consumer Staples .SPLRCS up 1.47%
Energy .SPNY up 1.87%
Financial .SPSY up 2.70%
Health .SPXHC up 1.75%
Industrial .SPLRCI up 2.41%
Information Technology .SPLRCT up 2.97%
Materials .SPLRCM up 2.67%
Real Estate .SPLRCR up 3.85%
Utilities .SPLRCU up 2.73%
(Compiled by Aditya Narayan and Rajarshi Roy)
((Aditya.Samal@thomsonreuters.com , Rajarshi.Roy@thomsonreuters.com))