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SMIT — Schmitt Industries News Story

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U.S. STOCKS ON THE MOVE-Comcast, Fox, eBay, AbbVie, metal and drug supply chain stocks

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U.S. stocks were set for their biggest drop in a week on Thursday as weak
earnings reports were compounded by a strong dollar that not only hit metal
prices and weighed on miners, but also raised concerns about future corporate
revenue growth. .N 

At 13:26 ET, the Dow Jones Industrial Average  .DJI  was down 0.42 percent at
25,094.63. The S&P 500  .SPX  was down 0.27 percent at 2,807.95 and the Nasdaq
Composite  .IXIC  was down 0.24 percent at 7,835.979.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Snap-On Inc  SNA.N , up 7.3 pct
 ** Danaher Corp  DHR.N , up 4.3 pct
 ** Dover Corp  DOV.N , up 4.2 pct
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** Ebay Inc  EBAY.O , down 7.5 pct
 ** Freeport-McMoRan Inc  FCX.N , down 7 pct
 ** Fifth Third Bancorp  FITB.O , down 5.9 pct
 
 The top three NYSE  .PG.N  percentage gainers:
 ** TC Pipelines LP  TCP.N , up 27.8 pct
 ** Dominion Energy Midstream Partners LP  DM.N , up 26.7 pct
 ** Trio-Tech IntERNATIONAL  TRT.N , up 12.4 pct
 
 The top three NYSE  .PL.N  percentage losers:
 ** Alcoa Corp  AA.N , down 12.2 pct
 ** Freeport-McMoRan Inc  FCX.N , down 7 pct
 ** Independence Contract Drilling Inc  ICD.N , down 6.4 pct
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Allakos Inc  ALLK.O , up 72.5 pct
 ** Establishment Labs Holdings Inc  ESTA.O , up 39.5 pct
 ** Schmitt Industries Inc  SMIT.O , up 29.3 pct
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** Mersana Therapeutics Inc  MRSN.O , down 29.5 pct
 ** Constellation Pharmaceuticals Inc  CNST.O , down 28 pct
 ** Wintrust Financial Corp  WTFCW.O , down 13.5 pct
 
 
 
 ** Comcast Corp  CMCSA.O : up 3.0 pct
 ** Twenty-First Century Fox  FOXA.O : down 1.3 pct
 ** Walt Disney Co  DIS.N : up 2 pct
 UPDATE 5-Comcast concedes to Disney in bidding war for Fox assets  urn:newsml:reuters.com:*:nL4N1UF4G1
 BUZZ-Fox falls after Comcast scraps bid; Disney gains  urn:newsml:reuters.com:*:nL4N1UF4KP
 
 ** eBay Inc  EBAY.O : down 7.6 pct
 UPDATE 2-EBay revenue misses as weak U.S. sporting season hits StubHub
 urn:newsml:reuters.com:*:nL4N1UE57V
 BUZZ-EBay: Set to turn negative for the year on Q2 rev miss, bleak forecasts
 urn:newsml:reuters.com:*:nL4N1UF489
 BUZZ-Street View: eBay faces continued market share loss, StubHub weakness to
persist  urn:newsml:reuters.com:*:nL4N1UF2SF
 
 ** American Express Co  AXP.N : down 2.8 pct
 UPDATE 1-AmEx rewards program costs cloud strong quarterly results  urn:newsml:reuters.com:*:nL4N1UE57L
 BUZZ-Street View: American Express marketing, rewards expenses disappoint
 urn:newsml:reuters.com:*:nL4N1UF3LU
 
 ** Domino's Pizza Inc  DPZ.N : down 1.4 pct
 UPDATE 1-Domino's international same-store sales fail to deliver, shares slip
 urn:newsml:reuters.com:*:nL4N1UF46G
 BUZZ-Dominos's Pizza: Falls as comp sales fail to deliver  urn:newsml:reuters.com:*:nL4N1UF48F
 
 ** Tesla Inc  TSLA.O : down 0.4 pct
 BUZZ-Tesla: Falls after Needham downgrades on lower Model S/X sales, gross
margin pressure  urn:newsml:reuters.com:*:nL4N1MH2JP
 
 ** Philip Morris International Inc  PM.N : down 2.5 pct
 BUZZ-Philip Morris tumbles on lowered FY profit forecast  urn:newsml:reuters.com:*:nL4N1UF4GM
 Philip Morris International Inc reports results for the quarter ended in June
 urn:newsml:reuters.com:*:nL8N1UF43S
 BUZZ-Street View: Philip Morris' iQOS revamp takes toll on forecast
 urn:newsml:reuters.com:*:nL4N1UF4LZ
 
 ** AbbVie Inc  ABBV.N : down 4.2 pct
 BUZZ-AbbVie Inc: Biggest drag on S&P 500 after short-seller Citron tweet
 urn:newsml:reuters.com:*:nL4N1UF4PG
 
 ** Amazon.com Inc  AMZN.O : down 0.9 pct
 ** Walmart Inc  WMT.N : up 0.3 pct
 BUZZ-Amazon, Walmart could be eyeing health insurer megamergers  urn:newsml:reuters.com:*:nL4N1UF4MN
 
 ** CVS Health Corp  CVS.N : down 2.0 pct
 ** Express Scripts Holding Corp  ESRX.O : down 1.6 pct
 ** UnitedHealth Group  UNH.N : down 1.2 pct
 ** Cigna Corp  CI.N : down 0.8 pct
 ** Aetna Inc  AET.N : down 1.0 pct
 ** Amerisourcebergen  ABC.N : down 0.5 pct
 ** McKesson Corp  MCK.N : down 0.1 pct
 ** Cardinal Health  CAH.N : down 0.2 pct
 BUZZ-Drug supply chain slides as regulators move against rebates  urn:newsml:reuters.com:*:nL4N1UF4T6
 
 ** General Motors Co  GM.N : down 1.0 pct
 ** Ford Motor Co  F.N : down 0.4 pct
 BUZZ-GM, Ford drop as U.S. holds hearing on auto import probe  urn:newsml:reuters.com:*:nL4N1UF4QO
 
 ** International Business Machines Corp  IBM.N : up 2.8 pct
 BUZZ-Street View: IBM gains on mainframe business, gross margin a concern
 urn:newsml:reuters.com:*:nL4N1M121K
 
 ** Alcoa Corp  AA.N : down 12.2 pct
 ** Century Aluminum Co  CENX.O : down 9.7 pct
 BUZZ-Aluminum cos: Lose shine after Alcoa cuts EBITDA forecast blaming tariffs
 urn:newsml:reuters.com:*:nL4N1UE5H1
 Alcoa shares fall as tariffs, energy costs weigh on forecast  urn:newsml:reuters.com:*:nL4N1UF4UK
 BUZZ-Alcoa: Use the dip to buy ahead of div or buybacks -analysts  urn:newsml:reuters.com:*:nL4N1UF3PK
 
 ** Square Inc  SQ.N : up 3.8 pct
 BUZZ-Square Inc: Credit Suisse upgrades to "outperform"  urn:newsml:reuters.com:*:nL4N1UF3HG
 
 ** W.W. Grainger Inc  GWW.N : up 1.8 pct
 BUZZ-W.W. Grainger: Analysts up PTs after price cuts, macro trends drive Q2
 urn:newsml:reuters.com:*:nL4N1UF3QO
 
 ** Cisco Systems Inc  CSCO.O : up 0.7 pct
 BUZZ-Cisco: Up on report AWS has no switch biz plans  urn:newsml:reuters.com:*:nL4N1UF3US
 
 ** F5 Networks Inc  FFIV.O : down 3.8 pct
 BUZZ-F5 Networks: MS expects weak sales in near-term, cuts rating  urn:newsml:reuters.com:*:nL4N1UF3WD
 
 ** Arcadia Biosciences Inc  RKDA.O : up 12.1 pct
 BUZZ-Arcadia Biosciences: Jumps as hybrid tomatoes hit a positive milestone
 urn:newsml:reuters.com:*:nL4N1UF3X8
 
 ** Shoe Carnival Inc  SCVL.O : down 5.4 pct
 BUZZ-Shoe Carnival: Susquehanna cuts to "neutral"  urn:newsml:reuters.com:*:nL4N1UF40C
 
 ** Medigus Ltd  MDGS.O : down 11.9 pct
 BUZZ-Medigus: Eyes record low after offering  urn:newsml:reuters.com:*:nL4N1UF414
 
 ** Danaher Corp  DHR.N : up 4.3 pct
 BUZZ-Danaher Corp: Rises on dental biz spinoff plan  urn:newsml:reuters.com:*:nL4N1UF43E
 UPDATE 1-Danaher to spin off dental unit; to complete in 2019  urn:newsml:reuters.com:*:nL4N1UF3T1
 BUZZ-Street View: Danaher's impressive core growth, dental spinoff a positive
 urn:newsml:reuters.com:*:nL4N1UF4LJ
 
 ** Vical Inc  VICL.O : up 9.1 pct
 BUZZ-Vical Incorp: Jumps after co says reviewing strategic options  urn:newsml:reuters.com:*:nL4N1UF411
 
 ** Schmitt Industries Inc  SMIT.O : up 29.3 pct
 BUZZ-Schmitt Industries: Jumps on Q4 profit vs. year-ago loss, higher sales
 urn:newsml:reuters.com:*:nL4N1UF45F
 
 ** Freeport-McMoRan Inc  FCX.N : down 7.0 pct
 ** Newmont Mining Corp  NEM.N : up 0.5 pct
 ** Alcoa Corp  AA.N : down 12.2 pct
 ** U.S. Steel Corp  X.N : down 1.5 pct
 ** AK Steel Holding Corp  AKS.N : down 1.6 pct
 BUZZ-U.S. metals stocks hit by LME sell-off, China concerns  urn:newsml:reuters.com:*:nL4N1UF439
 
 ** Datawatch Corp  DWCH.O : up 10.6 pct
 BUZZ-Datawatch: Eyes near 4-yr high on strong Q3 results  urn:newsml:reuters.com:*:nL4N1UF4FO
 
 ** Mersana Therapeutics Inc  MRSN.O : down 29.5 pct
 BUZZ-Mersana Therapeutics: Plunges after FDA puts trial on partial hold
 urn:newsml:reuters.com:*:nL4N1UF4GE
 
 ** Meet Group Inc  MEET.O : up 6.8 pct
 BUZZ-Meet Group: Rises after Canaccord says 'buy'  urn:newsml:reuters.com:*:nL4N1UF4G4
 
 ** Qualcomm Inc  QCOM.O : up 1.1 pct
 ** NXP Semiconductors NV  NXPI.O : down 2.9 pct
 BUZZ-Qualcomm: EU charge cuts gains seen in wake of NXP contingency plan
 urn:newsml:reuters.com:*:nL4N1UF4HN
 
 ** Travelers Cos Inc  TRV.N : down 3.4 pct
 BUZZ-Travelers Cos: Drops after biggest profit miss in 2 years  urn:newsml:reuters.com:*:nL4N1UF4JP
 
 ** Fifth Third Bancorp  FITB.O : down 5.8 pct
 BUZZ-Fifth Third Bancorp: Down on lowered 2018 outlook  urn:newsml:reuters.com:*:nL4N1UF4QG
 
 ** Tilray Inc  TLRY.O : up 28.4 pct
 Canadian cannabis company Tilray rises 36 pct in trading debut  urn:newsml:reuters.com:*:nFWN1UF0V2
 UPDATE 1-Canadian cannabis company Tilray surges in Nasdaq debut  urn:newsml:reuters.com:*:nL1N1UF0U1
 
 ** Union Pacific Corp  UNP.N : down 1.4 pct
 BUZZ-Street View: Operating expenses weigh on Union Pacific  urn:newsml:reuters.com:*:nL4N1UF4PZ
 
 ** Bank of New York Mellon Corp  BK.N : down 5.7 pct
 BUZZ-BNY Mellon set for worst day in 2 yrs on loss of two clients  urn:newsml:reuters.com:*:nL4N1UF4S7
 
 ** Dover Corp  DOV.N : up 4.2 pct
 BUZZ-Industrial products makers gain on upbeat earnings  urn:newsml:reuters.com:*:nL4N1UF4SB
 
 ** BB&T Corp  BBT.N : down 5.2 pct
 BUZZ-BB&T Corp: Over six-month low on profit miss, lowered outlook  urn:newsml:reuters.com:*:nL4N1UF4QR
 
 ** Inphi Corp  IPHI.N : down 5.8 pct
 BUZZ-Inphi Corp: Slips as B.Riley cuts to "neutral" on valuation  urn:newsml:reuters.com:*:nL4N1UF4V7
 
 ** Establishment Labs Holdings Inc  ESTA.O : up 39.5 pct
 BUZZ-Establishment Labs: Pops in market debut  urn:newsml:reuters.com:*:nL4N1UF4WA
 
 ** Scholastic Corp  SCHL.O : down 8.5 pct
 BUZZ-Scholastic: Plunges as earnings report makes for bad reading  urn:newsml:reuters.com:*:nL4N1UF4YH
 
 
 The 11 major S&P 500 sectors:
 
 
 Consumer Discretionary   .SPLRCD   up 0.12 pct
 Consumer Staples         .SPLRCS   up 0.18 pct
 Energy                   .SPNY     down 0.08 pct
 Financial                .SPSY     down 1.37 pct
 Health                   .SPXHC    down 0.43 pct
 Industrial               .SPLRCI   down 0.20 pct
 Information Technology   .SPLRCT   down 0.24 pct
 Materials                .SPLRCM   down 0.75 pct
 Real Estate              .SPLRCR   up 1.28 pct
 Teleservices             .SPLRCL   down 0.82 pct
 Utilities                .SPLRCU   up 1.37 pct
 
 (Compiled by Akanksha Rana in Bengaluru)
 ((Reuters Messaging: akanksha.rana.thomsonreuters.com@reuters.net))

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