U.S. STOCKS ON THE MOVE-US banks, LGI Homes, Intuit

M/I Homes

23/08/2024 19:06

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All three major U.S. stock indexes gained more 1% on Friday, with the benchmark
S&P 500 nearing an all-time high, after Federal Reserve Chair Jerome Powell said
"the time has come" to reduce interest rates.  .N 
    
    At 13:41 ET, the Dow Jones Industrial Average  .DJI  was up 0.81% at
41,041.07. The S&P 500  .SPX  was up 0.83% at 5,616.8 and the Nasdaq Composite
 .IXIC  was up 1.16% at 17,823.017.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Enphase Energy, Inc  ENPH.O , up 7.4 %
 ** Builders FirstSource, Inc  BLDR.N , up 7 %
 ** Norwegian Cruise Line Holdings Ltd  NCLH.N , up 6.6 %
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** Intuit Inc  INTU.O , down 6.5 %
 ** Micron Technology, Inc  MU.O , down 2.2 %
 ** Arthur J. Gallagher & Co  AJG.N , down 1.7 %
 
 The top two NYSE  .PG.N  percentage gainers:
 ** CAVA Group, Inc  CAVA.N , up 22.1 %
 ** Valhi, Inc  VHI.N , up 18.9 %
 
 
 The top two NYSE  .PL.N  percentage losers:
 ** American Shared Hospital Services  AMS.N , down 12.8 %
 ** Air Industries Group  AIRI.N , down 12 %
 
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Portage Biotech Inc  PRTG.O , up 105.5 %
 ** Applied DNA Sciences, Inc  APDN.O , up 40.4 %
 ** Origin Agritech Limited  SEED.O , up 27.8 %
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** U-BX Technology Ltd  UBXG.O , down 89.7 %
 ** Titan Pharmaceuticals, Inc  TTNP.O , down 22.9 %
 ** BAIYU Holdings Inc  BYU.O , down 18.4 %
 
 
 ** Galapagos NV  GLPG.O : up 4.3%
 BUZZ - Rises on FDA clearance for phase 1/2 ATALANTA-1 study  urn:newsml:reuters.com:*:nL8N3KA0AB 
    
 ** Workday Inc  WDAY.O : up 11.5%
 BUZZ - Jumps on Q2 revenue beat, $1 bln share buyback plan  urn:newsml:reuters.com:*:nL4N3KA132 

 ** CAVA Group Inc  CAVA.N : up 22.1%
 BUZZ - Rises after FY24 forecast hike, Q2 earnings beat  urn:newsml:reuters.com:*:nL4N3KA0ZW 
   
 ** Ross Stores Inc  ROST.O : up 1.5%
 BUZZ - Hits record high on annual profit forecast raise; brokerages lift PT
 urn:newsml:reuters.com:*:nL4N3KA17D 
    
 ** Roku Inc  ROKU.O : up 12.5%
 BUZZ - Rises as Guggenheim upgrades to 'buy'  urn:newsml:reuters.com:*:nL4N3KA0TP 
    
 ** Rocket Lab USA Inc  RKLB.O : up 0.9%
 BUZZ - Gains after appointing former Lockheed Martin CFO to board  urn:newsml:reuters.com:*:nL4N3KA0U8 
        
 ** Sequans Communications SA  SQNS.N : up 126.4%
 BUZZ - More than doubles on selling 4G IoT tech to Qualcomm  urn:newsml:reuters.com:*:nL4N3KA0UU 
    
 ** Gold Fields Ltd  GFI.N : down 8.0%
 BUZZ - Falls after second cut to output forecast  urn:newsml:reuters.com:*:nL4N3KA12V 
    
 ** Red Robin Gourmet Burgers Inc  RRGB.O : down 7.4%
 BUZZ - Hits record low on bigger-than-expected Q2 loss  urn:newsml:reuters.com:*:nL4N3KA109 
    
 ** Birkenstock Holding PLC  BIRK.N : up 1.2%
 BUZZ - Telsey Advisory raises Birkenstock's PT on strong demand, higher prices
 urn:newsml:reuters.com:*:nL4N3KA0VS 
        
 ** Intuit Inc  INTU.O : down 6.5%
 BUZZ - Falls after Q1 revenue forecast below expectations  urn:newsml:reuters.com:*:nL4N3KA0ZU
    
 ** Dexcom Inc  DXCM.O : up 3.3%
 BUZZ - Stifel raises PT on Dexcom on positive physician sentiment for its
devices  urn:newsml:reuters.com:*:nL4N3KA0ZE
    
 ** Applied DNA Sciences Inc  APDN.O : up 40.4%
 BUZZ - Rises on filing for expanded use of mpox test in New York  urn:newsml:reuters.com:*:nL4N3KA112
    
 ** Las Vegas Sands Corp  LVS.N : down 1.6%
 BUZZ - Drops after UBS downgrades to "neutral"  urn:newsml:reuters.com:*:nL1N3KA0FJ 
    
 ** Uranium Energy Corp  UEC.N : up 14.3%
 ** Energy Fuels Inc  UUUU.N : up 7.8%
 ** Ur-Energy Inc  URG.N : up 10.1%
 ** NexGen Energy Corp  NXE.N : up 10.9%
 BUZZ - Uranium miners rise after top producer lowers output expectations
 urn:newsml:reuters.com:*:nL4N3KA0X3 
    
 ** GE Vernova Inc  GEV.N : down 1.5%
 BUZZ - Falls after turbine blade failure at UK project  urn:newsml:reuters.com:*:nL4N3KA12S 
    
 ** Banc of California Inc  BANC.N : up 5.7%
 ** Western Alliance Bancorp  WAL.N : up 4.8%
 ** Valley National Bancorp  VLY.O : up 8.8%
 ** Keycorp  KEY.N : up 4.0%
 BUZZ - US regional banks rise after Powell's Jackson Hole speech  urn:newsml:reuters.com:*:nL4N3KA12T  
  

 ** Jazz Pharmaceuticals PLC  JAZZ.O : down 1.0%
 BUZZ - Falls as seizure drug fails to meet main goal in trial  urn:newsml:reuters.com:*:nL4N3KA134 
    
 ** Coinbase Global Inc  COIN.O : up 5.3%
 ** Riot Platforms Inc  RIOT.O : up 2.7%
 ** Marathon Digital Holdings Inc  MARA.O : up 7.5%
 ** Hut 8 Mining Corp  HUT.O : up 5.3%
 BUZZ - Crypto stocks rise on bitcoin strength  urn:newsml:reuters.com:*:nL4N3KA13N 
 ** Exxon Mobil Corp  XOM.N : up 1.5%
 ** Chevron Corp  CVX.N : up 1.5%    
 ** ConocoPhillips  COP.N : up 1.3%
 ** EOG Resources Inc  EOG.N : up 1.4%
 BUZZ - US energy sector gains as dollar edges lower  urn:newsml:reuters.com:*:nL4N3KA13V 
    
 ** LGI Homes Inc  LGIH.O : up 5.6%
 ** M/I Homes Inc  MHO.N : up 5.7%
 ** Meritage Homes Corp  MTH.N : up 5.7%
 ** Pultegroup Inc  PHM.N : up 4.3%
 BUZZ - U.S homebuilders, REITs surge after Powell endorses rate cut
 urn:newsml:reuters.com:*:nL1N3KA0MQ 
 ** Newmont Corp  NEM.N : up 1.2%
 ** Barrick Gold Corp  GOLD.N : up 1.4%
 ** AngloGold Ashanti Ltd  AU.N : up 0.9%
 ** Sibanye Stillwater Ltd  SBSW.N : up 3.6%
 BUZZ - Gold miners rise as Fed's Powell hints at September rate cut
 urn:newsml:reuters.com:*:nL4N3KA155 
    
 ** Goldman Sachs Group Inc  GS.N : up 2.2%
 ** Morgan Stanley  MS.N : up 1.4%
 ** Bank of America Corp  BAC.N : up 1.2%
 ** JPMorgan Chase & Co  JPM.N : up 0.4%
 BUZZ - US banks jump on Powell's rate cut comments  urn:newsml:reuters.com:*:nL4N3KA13Z 
    
 ** Surgery Partners Inc  SGRY.O : up 11.9%
 BUZZ - Rises on report UnitedHealth, TPG seeking to buy co  urn:newsml:reuters.com:*:nL4N3KA195 
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   up 0.30%
 Consumer Discretionary   .SPLRCD   up 1.43%
 Consumer Staples         .SPLRCS   down 0.15%
 Energy                   .SPNY     up 1.50%
 Financial                .SPSY     up 0.56%
 Health                   .SPXHC    up 0.25%
 Industrial               .SPLRCI   up 0.72%
 Information Technology   .SPLRCT   up 1.23%
 Materials                .SPLRCM   up 1.14%
 Real Estate              .SPLRCR   up 1.80%
 Utilities                .SPLRCU   up 0.15%
 
 (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))