U.S. STOCKS ON THE MOVE-Madrigal Pharma, Copper miners, NetApp

Kinnate Biopharma

01/03/2024 19:20

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The S&P 500 and Nasdaq climbed on Friday as chipmakers extended gains on
persistent AI-frenzy, while a dip in Treasury yields following soft economic
data and remarks from Federal Reserve officials gave further boost.  .N 
    
    At 13:33 ET, the Dow Jones Industrial Average  .DJI  was up 0.17% at
39,060.77. The S&P 500  .SPX  was up 0.65% at 5,129.23 and the Nasdaq Composite
 .IXIC  was up 1.04% at 16,259.192.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** NetApp  NTAP.O , up 21.3%
 ** The Cooper Companies  COO.O , up 9.1%
 ** Broadcom  AVGO.O , up 7.5%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** Dominion Energy  D.N , down 6.5%
 ** Xcel Energy  XEL.O , down 5.7%
 ** Las Vegas Sands  LVS.N , down 5.4%
 
 The top three NYSE  .PG.N  percentage gainers:
 ** Xponential Fitness  XPOF.N , up 47.1%
 ** Myomo  MYO.N , up 28.8%
 ** Dell Technologies  DELL.N , up 28.5%
 
 The top three NYSE  .PL.N  percentage losers:
 ** New York Community Bancorp  NYCB.N , down 24.7%
 ** NCR Voyix Corporation  VYX.N , down 21.5%
 ** P10  PX.N , down 13.6%
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Mmtec  MTC.O , up 97.7%
 ** Adial Pharmaceuticals  ADIL.O , up 56.4%
 ** Envoy Medical  COCH.O , up 47.3%
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** Gigcapital5  GIA.O , down 61.5%
 ** ESGEN Acquisition Corporation  ESAC.O , down 42.7%
 ** Sidus Space  SIDU.O , down 34%
 
 
 ** Equinor ASA  EQNR.N : up 2.2%
 BUZZ - Rise on U.S offshore wind deal  urn:newsml:reuters.com:*:nL5N3FF27V 
    
 ** New York Community Bancorp Inc  NYCB.N : down 24.7%
 BUZZ - Slumps on "material weakness" disclosure  urn:newsml:reuters.com:*:nL3N3FF3JP 

 ** SoundHound AI Inc  SOUN.O : down 19.3%
 BUZZ - Rally comes to a halt on Q4 rev miss, wider-than-expected loss
 urn:newsml:reuters.com:*:nL3N3FF2DU 
    
 ** Dell Technologies Inc  DELL.N : up 28.5%
 BUZZ - Shares hit record high on solid annual forecast  urn:newsml:reuters.com:*:nL3N3FF3NB 
    
 ** Fisker Inc  FSR.N : down 39.6%
 BUZZ - Slides on flagging going concern risk  urn:newsml:reuters.com:*:nL3N3FF2N3 
    
 ** Keurig Dr Pepper Inc  KDP.O : down 1.8%
 BUZZ - Falls after $2.5 bln secondary offering priced  urn:newsml:reuters.com:*:nL2N3FF0Z0 
    
 ** Root Inc  ROOT.O : up 15.9%
 BUZZ - Rises after Jefferies upgrades to 'buy'  urn:newsml:reuters.com:*:nL3N3FD3LS 
    
 ** Eli Lilly and Co  LLY.N : up 3.1%
 BUZZ - Rises after BofA hikes PT to Street-high  urn:newsml:reuters.com:*:nL3N3FF2RI 
    
 ** Archer-Daniels-Midland Co  ADM.N : up 2.4%
 BUZZ - Expects to disclose material weakness in annual report  urn:newsml:reuters.com:*:nL3N3FF2Z1 
    
 ** Old Republic International Corp  ORI.N : up 1.1%
 BUZZ - Rises on authorizing $1.1 bln share repurchase program  urn:newsml:reuters.com:*:nL3N3FD4IP 
    
 ** B Riley Financial Inc  RILY.O : down 13.2%
 BUZZ - Slides after dividend cut, annual report delay  urn:newsml:reuters.com:*:nL3N3FE56E 
    
 ** Apple Inc  AAPL.O : down 1.1%
 BUZZ - Shares down after Goldman drops stock from 'US Conviction List'
 urn:newsml:reuters.com:*:nL3N3FF2ZG 
    
 ** Plug Power Inc  PLUG.O : up 7.2%
 BUZZ - Says its going concern issue resolved; shares rise  urn:newsml:reuters.com:*:nL3N3FF458 
    
 ** Humacyte Inc  HUMA.O : down 23.1%
 BUZZ - Tumbles as stock offering priced at steep discount  urn:newsml:reuters.com:*:nL2N3FF1DB 
    
 ** Y-mAbs Therapeutics Inc  YMAB.O : up 18.6%
 BUZZ - Jumps on Q4 revenue beat  urn:newsml:reuters.com:*:nL3N3FF2UP 
    
 ** Ginkgo Bioworks Holdings Inc  DNA.N : down 15.1%
 BUZZ - Slumps after forecasting 2024 revenue below estimates  urn:newsml:reuters.com:*:nL3N3FF37Q 
    
 ** Tarsus Pharmaceuticals Inc  TARS.O : down 9.9% 
 BUZZ - Slides on $100 mln stock offering  urn:newsml:reuters.com:*:nL2N3FF1H9 
    
 ** TDCX Inc  TDCX.N : up 14.4% 
 BUZZ - Jumps as CEO to take co private for $1.04 bln  urn:newsml:reuters.com:*:nL3N3FF34F 

 ** Every Holdings Inc  EVRI.N : down 4.7% 
 BUZZ - Truist downgrades International Game Technology and Every to "hold" on
merger  urn:newsml:reuters.com:*:nL3N3FF39W 
    
 ** Repay Holdings Corp  RPAY.O : up 14.3% 
 BUZZ - Rises after Q4 profit beat  urn:newsml:reuters.com:*:nL3N3FF30I 
 
 ** Bath & Body Works Inc  BBWI.N : up 0.3%
 BUZZ - Multiple brokerages raise Bath & Body Works' PT after Q4 results beat
 urn:newsml:reuters.com:*:nL3N3FF3FG 
    
 ** Kinnate Biopharma Inc  KNTE.O : up 5.5%
 BUZZ - Rises after selling a cancer therapy to Pierre Fabre  urn:newsml:reuters.com:*:nL3N3FF3HU
    
 ** Everbridge Inc  EVBG.O : up 25.8%
 BUZZ - Shares shoot up after Thoma Bravo lifts offer price  urn:newsml:reuters.com:*:nL3N3FF3KX

 ** Customers Bancorp Inc  CUBI.N : down 0.5%
 ** Western Alliance Bancorp  WAL.N : down 1.2%
 ** Zions Bancorporation NA  ZION.O : down 1.8%
 BUZZ - US regional banks fall after NYCB's 'material weakness' disclosure
 urn:newsml:reuters.com:*:nL3N3FD4IS

 ** Cooper Companies Inc  COO.O : up 9.1%
 BUZZ - Climbs on annual revenue forecast raise  urn:newsml:reuters.com:*:nL3N3FF3OB
 ** Exxon Mobil Corp  XOM.N : up 1.2%
 ** Chevron Corp  CVX.N : up 0.8%
 ** Schlumberger NV  SLB.N : up 2.3% 
 ** Phillips 66  PSX.N : up 0.8%
 BUZZ - US energy stocks climb ahead of OPEC+ decision  urn:newsml:reuters.com:*:nL3N3FF3OT
    
 ** Vista Outdoor Inc  VSTO.N : up 5.5%
 BUZZ - Rises on $2 bln takeover offer from MNC Capital  urn:newsml:reuters.com:*:nL3N3FF3MB
    
 ** Fidelis Insurance Holdings Ltd  FIHL.N : up 13.1%
 BUZZ - Jumps after Q4 profit beat  urn:newsml:reuters.com:*:nL3N3FF3F8
    
 ** Cullinan Oncology Inc  CGEM.O : up 1.5%
 BUZZ - Rises as FDA clears blood cancer therapy for clinical trials
 urn:newsml:reuters.com:*:nL3N3FF3TQ
    
 ** SilverBow Resources Inc  SBOW.N : up 4.8%
 BUZZ - Rises as Kimmeridge Energy seeks board seats  urn:newsml:reuters.com:*:nL3N3FF3S6
    
 ** Precision BioSciences Inc  DTIL.O : down 31.7%
 BUZZ - Plunges on highly dilutive stock offering  urn:newsml:reuters.com:*:nL2N3FF231
    
 ** Newmont Corp  NEM.N : up 2.3%
 ** Barrick Gold Corp  GOLD.N : up 1.7%
 ** AngloGold Ashanti Ltd  AU.N : up 4.5%
 ** Gold Fields Ltd  GFI.N : up 4.5%
 BUZZ - Gold miners rise as US rate cuts expected soon  urn:newsml:reuters.com:*:nL3N3FF3TW
    
 ** Biodesix  BDSX.O : up 3.6%
 BUZZ - Rises on better-than-expected 2024 revenue  urn:newsml:reuters.com:*:nL3N3FF3UK
    
 ** Spirit AeroSystems Holdings Inc  SPR.N : up 14.4%
 BUZZ - Jumps on report Boeing to buy supplier  urn:newsml:reuters.com:*:nL3N3FF3W7
    
 ** Boston Scientific Corp  BSX.N : up 1.5%
 BUZZ - Up after FDA nod for drug-coated heart device  urn:newsml:reuters.com:*:nL3N3FF3XO
    
 ** P10 Inc  PX.N : down 13.6%
 BUZZ - Hits over 3-year low after weaker 2024 outlook  urn:newsml:reuters.com:*:nL3N3FF3F9

 ** Rio Tinto PLC  RIO.N : up 0.9% 
 ** BHP Group Ltd  BHP.N : up 1.7%
 ** Southern Copper Corp  SCCO.N : up 0.1%
 BUZZ - Copper miners rise following dollar's retreat   urn:newsml:reuters.com:*:nL3N3FF40W
    
 ** NetApp Inc  NTAP.O : up 21.3%
 BUZZ - Soars to highest since 2000 after strong results, forecast  urn:newsml:reuters.com:*:nL2N3FF2BJ
    
 ** Dominion Energy Inc  D.N : down 6.5%
 BUZZ - Falls after downbeat 2024 earnings forecast  urn:newsml:reuters.com:*:nL3N3FF45J
    
 ** Cameco Corp  CCJ.N : up 4.5%
 ** NexGen Energy Ltd  NXE.N : up 8.4%
 ** Denison Mines Corp  DNN.N : up 7.0%
 BUZZ - Uranium miners up as Canada to expedite approval of new nuclear projects
 urn:newsml:reuters.com:*:nL3N3FF45L
    
 ** Micron Technology Inc  MU.O : up 5.9%
 BUZZ - Climbs as Mizuho raises PT on memory chip strength  urn:newsml:reuters.com:*:nL3N3FF469
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   up 0.79%
 Consumer Discretionary   .SPLRCD   up 0.40%
 Consumer Staples         .SPLRCS   down 0.08%
 Energy                   .SPNY     up 1.22%
 Financial                .SPSY     down 0.39%
 Health                   .SPXHC    up 0.82%
 Industrial               .SPLRCI   up 0.17%
 Information Technology   .SPLRCT   up 1.47%
 Materials                .SPLRCM   up 0.33%
 Real Estate              .SPLRCR   up 0.13%
 Utilities                .SPLRCU   down 1.05%
 
 (Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))