U.S. STOCKS ON THE MOVE-Southwest Gas, Vertex, Viridian Therapeutics

Kimball International

08/03/2023 15:51

* 
      Eikon search string for individual stock moves:  STXBZ 
    

        * 
      The Day Ahead newsletter: https://refini.tv/3LI4BU7
    

        * 
      The Morning News Call newsletter: https://refini.tv/3dKUyB8
    

  
U.S. stock indexes struggled for direction on Wednesday as investors worried
about a potential recession, a day after comments from Federal Reserve Chair
Jerome Powell fueled bets of sharper rate hikes.  .N 
    
    At 10:35 ET, the Dow Jones Industrial Average  .DJI  was down 0.02% at
32,850.27. The S&P 500  .SPX  was up 0.28% at 3,997.65 and the Nasdaq Composite
 .IXIC  was up 0.36% at 11,571.777.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Molson Coors Beverage Co  TAP.N , up 4.1%
 ** Advanced Micro Devices  AMD.O , up 3.4%
 ** Martin Marietta Materials  MLM.N , up 3.3%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** Etsy Inc  ETSY.O , down 6.2%
 ** Enphase Energy  ENPH.O , down 3.9%
 ** Brown-Forman Corp  BFb.N , down 3.8%
 
 The top three NYSE  .PG.N  percentage gainers:
 ** Arlo Technologies  ARLO.N , up 39.2%
 ** Membership Collective Group Inc  MCG.N , up 16%
 ** Gol Linhas Aereas Inteligentes SA  GOL.N , up 13.7%
 
 The top three NYSE  .PL.N  percentage losers:
 ** United Natural Foods  UNFI.N , down 26.4%
 ** Nine Energy Service  NINE.N , down 11.1%
 ** BigBear.ai Holdings  BBAI.N , down 10.9%
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Kimball International Inc  KBAL.O , up 83.4%
 ** Edible Garden AG Inc  EDBL.O , up 45%
 ** Diversey Holdings  DSEY.O , up 37.2%
 
 The top two Nasdaq  .PL.O  percentage losers:
 ** Toro Corp  TORO.O , down 52.9%
 ** Intelligent Bio Solutions Inc  INBS.O , down 45.7%
 
        
 ** CareDx Inc  CDNA.O : down 0.7%
 BUZZ - Stephens downgrades CareDx after new CMS policy  urn:newsml:reuters.com:*:nL4N35G1TJ 
    
 ** Tesla Inc  TSLA.O : down 3.1%
 BUZZ - Falls as Berenberg downgrades to 'hold'  urn:newsml:reuters.com:*:nL4N35G2WA 

 ** WeWork Inc  WE.N : up 4.8%
 BUZZ - Rises on report of talks to restructure $3 bln in debt  urn:newsml:reuters.com:*:nL4N35G28L 
    
 ** CrowdStrike Holdings Inc  CRWD.O : up 2.2%
 BUZZ - Gains on upbeat forecast, Q4 results beat  urn:newsml:reuters.com:*:nL4N35G2WU 
    
 ** Fresh Tracks Therapeutics Inc  FRTX.O : up 23.1%
 BUZZ - Surges on positive data from lead drug  urn:newsml:reuters.com:*:nL4N35G2WS 
    
 ** Occidental Petroleum Corp  OXY.N : up 2.8%
 BUZZ - Rises as Buffett's Berkshire boosts stake to 22.2%  urn:newsml:reuters.com:*:nL4N35G29P 
    
 ** Rigel Pharmaceuticals Inc  RIGL.O : up 11.6%
 BUZZ - Jumps on strong Q4 revenue  urn:newsml:reuters.com:*:nL4N35G2C6 
    
 ** Rivian Automotive Inc  RIVN.O : up 1.7%
 BUZZ - Rises after co secures $1.3 bln capital raise  urn:newsml:reuters.com:*:nL1N35G0SF 
    
 ** Apple Inc  AAPL.O : up 1.0%
 BUZZ - Wedbush raises Apple PT on iPhone demand rebound in China  urn:newsml:reuters.com:*:nL4N35G2EB 
    
 ** Mesoblast Ltd  MESO.O : up 23.3%
 BUZZ - Gains on FDA nod to review lead drug candidate  urn:newsml:reuters.com:*:nL4N35G2DV 
    
 ** Kimball International Inc  KBAL.O : up 83.4%
 BUZZ - Jumps on $485 mln buyout deal from HNI Corp  urn:newsml:reuters.com:*:nL4N35G2F9 
    
 ** Campbell Soup Co  CPB.N : up 0.7%
 BUZZ - Rises on lifting annual sales forecast  urn:newsml:reuters.com:*:nL4N35G2G3 
    
 ** Stitch Fix Inc  SFIX.O : down 12.6%
 BUZZ - Shares fall after lower rev guidance, CFO change  urn:newsml:reuters.com:*:nL4N35G2GQ 
    
 ** Diversey Holdings Ltd  DSEY.O : up 37.2%
 BUZZ - Surges as Solenis to take company private for $4.6 bln  urn:newsml:reuters.com:*:nL4N35G2GK 
    
 ** Intelligent Bio Solutions Inc  INBS.O : down 45.7%
 BUZZ - Slumps on deep-discounted stock offering  urn:newsml:reuters.com:*:nL4N35G2SQ 
    
 ** United Natural Foods Inc  UNFI.N : down 26.4%
 BUZZ - Tanks as earnings, forecast disappoint  urn:newsml:reuters.com:*:nL4N35G2KM 
    
 ** Opko Health Inc  OPK.O : up 7.6%
 BUZZ - Rises on deal with Merck for experimental Epstein-Barr virus vaccine
 urn:newsml:reuters.com:*:nL4N31E28E 
    
 ** Shoals Technologies Group Inc  SHLS.O : down 7.4%
 BUZZ - Slides as founder divests stake  urn:newsml:reuters.com:*:nL1N35G12Q 
    
 ** DocuSign Inc  DOCU.O : up 1.3%
 BUZZ - Ticks higher on PT hikes ahead of Q4 results  urn:newsml:reuters.com:*:nL4N35G2PL 
    
 ** Albemarle Corp  ALB.N : up 1.4%
 ** Sociedad Química y Minera de Chile S.A.  SQM.N : up 0.6%
 ** Livent Corp  LTHM.N : up 1.0%
 ** Li-Cycle Holdings Corp  LICY.N : up 0.3%
 BUZZ - Tesla's EV sales forecast 'very bullish' for lithium miners - Citi
 urn:newsml:reuters.com:*:nL4N35G2G8 
    
 ** Brown-Forman Corp  BFb.N : down 3.8%
 BUZZ - Falls after Q3 profit misses estimates on higher costs  urn:newsml:reuters.com:*:nL4N35G2WN 
    
 ** Southwest Gas Holdings Inc  SWX.N : up 2.8%
 BUZZ - Gains after $215 mln equity raise  urn:newsml:reuters.com:*:nL1N35G198
    
 ** Vertex Inc  VERX.O : up 17.5%
 BUZZ - Rises on surprise profit  urn:newsml:reuters.com:*:nL4N35G2UK
    
 ** Korn Ferry  KFY.N : up 7.9%
 BUZZ - Climbs on forecast, quarterly results beat  urn:newsml:reuters.com:*:nL4N35G2XC
    
 ** Harbor Custom Development Inc  HCDI.O : down 15.6%
 BUZZ - Drops after warning of missing 2022 guidance  urn:newsml:reuters.com:*:nL4N35G2XG
    
 ** Viridian Therapeutics Inc  VRDN.O : down 3.3%
 BUZZ - Falls on downbeat 2022 revenue  urn:newsml:reuters.com:*:nL4N35G2W8
    
 ** AerCap Holdings NV  AER.N : down 3.3%
 BUZZ - Descends as GE to slash stake  urn:newsml:reuters.com:*:nL1N35G1HB
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   up 0.60%
 Consumer Discretionary   .SPLRCD   down 0.53%
 Consumer Staples         .SPLRCS   down 0.02%
 Energy                   .SPNY     up 0.49%
 Financial                .SPSY     up 0.33%
 Health                   .SPXHC    down 0.39%
 Industrial               .SPLRCI   up 0.41%
 Information Technology   .SPLRCT   up 0.66%
 Materials                .SPLRCM   up 0.64%
 Real Estate              .SPLRCR   up 1.44%
 Utilities                .SPLRCU   up 0.36%
 
 (Compiled by Rajarshi Roy and Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))