U.S. STOCKS ON THE MOVE-Iterum Therapeutics PLC, Titan Machinery Inc, Volcon Inc
11/07/2022 19:12
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U.S. stock indexes slid on Monday, with the earnings season set to kick off in
earnest this week amid concerns of weaker corporate profit due to the impact of
surging inflation. .N
At 13:36 ET, the Dow Jones Industrial Average .DJI was up 0.01% at
31,341.97. The S&P 500 .SPX was down 0.69% at 3,872.58 and the Nasdaq
Composite .IXIC was down 1.46% at 11,465.663.
The top three S&P 500 .PG.INX percentage gainers:
** Bio-Rad Labs BIO.N , up 2 %
** Carrier Global Corp CARR.N , up 1.8 %
** Sherwin-Williams SHW.N , up 1.8 %
The top three S&P 500 .PL.INX percentage losers:
** Twitter Inc TWTR.N , down 8.9 %
** Wynn Resorts WYNN.OQ , down 7.8 %
** Las Vegas Sands LVS.N , down 7.4 %
The top NYSE .PG.N percentage gainers:
** ProShares Ultra Bloomberg Natural Gas BOIL.N , up 13.2 %
The top two NYSE .PL.N percentage losers:
** CI&T Inc CINT.N , down 15.8 %
** Blue Apron Holdings Inc APRN.N , down 15.4 %
The top three Nasdaq .PG.O percentage gainers:
** Kaspien Holdings Inc KSPN.O , up 168.3 %
** Pliant Therapeutics Inc PLRX.O , up 106.4 %
** La Jolla Pharmaceutical Co LJPC.O , up 81.1 %
The top two Nasdaq .PL.O percentage losers:
** Swvl Holdings Corp SWVL.O , down 18.2 %
** Barfresh Food Group Inc BRFH.O , down 16.5 %
** Qorvo Inc QRVO.O : down 0.8%
BUZZ-Cowen downgrades chipmaker Qorvo to 'market perform' rating urn:newsml:reuters.com:*:nL4N2YS0QJ
** ManpowerGroup Inc MAN.N : down 3.2%
BUZZ-JPM downgrades ManpowerGroup to 'neutral' rating urn:newsml:reuters.com:*:nL4N2YS1EG
** Twitter Inc TWTR.N : down 8.9%
BUZZ-Tumbles to near 4-month low as Musk drops $44 bln bid urn:newsml:reuters.com:*:nL4N2YS2OF
** Walt Disney Co DIS.N : down 1.7%
BUZZ-Disney's "Thor: Love and Thunder" clocks $302 mln on opening weekend
urn:newsml:reuters.com:*:nL4N2YS2J5
** Under Armour Inc UAA.N : down 3.8%
BUZZ-Falls as Jefferies downgrades on management volatility urn:newsml:reuters.com:*:nL4N2YS1WO
** Las Vegas Sands Corp LVS.N : down 7.4%
** Wynn Resorts Ltd WYNN.O : down 7.8%
** MGM Resorts International MGM.N : down 3.1%
** Bilibili Inc BILI.O : down 9.1%
BUZZ-U.S. casino operators slide as Macau shuts casinos urn:newsml:reuters.com:*:nL4N2YS1Y7
** Nio Inc NIO.N : down 8.5%
BUZZ-Decides to investigate short seller's allegations, shares drop urn:newsml:reuters.com:*:nL4N2YS1Z2
** Airbnb Inc ABNB.O : down 1.7%
BUZZ-Well-positioned to endure recession - Jefferies urn:newsml:reuters.com:*:nL4N2YS1ZC
** Paramount Global PARA.O : down 5.1%
BUZZ-Rosenblatt Securities cuts Paramount PT on recession risk urn:newsml:reuters.com:*:nL4N2YS209
** Kura Sushi USA Inc KRUS.O : up 5.9%
BUZZ-Gets downgraded at BMO on consumer spending concerns urn:newsml:reuters.com:*:nL4N2YS22E
** Alibaba Group Holding Ltd BABA.N : down 8.3%
** Pinduoduo Inc PDD.O : down 10.5%
** JD.com Inc JD.O : down 4.5%
** Li Auto Inc LI.O : down 3.3%
BUZZ-Chinese ADRs fall on report talks on U.S. listing in stalemate urn:newsml:reuters.com:*:nL4N2YS2N0
** Allena Pharmaceuticals Inc ALNA.O : down 10.7%
BUZZ-Sinks after flagging going concern doubts urn:newsml:reuters.com:*:nL4N2YS242
** Digital World Acquisition Corp DWAC.O : up 14.8%
BUZZ-Trump-linked Digital World jumps as Musk abandons Twitter deal urn:newsml:reuters.com:*:nL4N2YS251
** Nvidia Corp NVDA.O : down 3.2%
BUZZ- Down, Piper cuts PT on gaming weakness urn:newsml:reuters.com:*:nL4N2YS23L
** MediWound Ltd MDWD.O : up 5.3%
BUZZ-Jumps on positive data for cancer drug urn:newsml:reuters.com:*:nL4N2YS26A
** Perrigo Co PRGO.N : up 2.6%
BUZZ-Rises as unit seeks over-the-counter birth control pill approval from FDA
urn:newsml:reuters.com:*:nL4N2YS26P
** Uber Technologies Inc UBER.N : down 3.7%
BUZZ-Slips on report it breached laws during global expansion urn:newsml:reuters.com:*:nL4N2YS1YA
** General Motors Co GM.N : down 3.0%
** Ford Motor Co F.N : down 1.7%
BUZZ-Jefferies cuts Ford, GM price targets urn:newsml:reuters.com:*:nL4N2YS27D
** Qualcomm Inc QCOM.O : down 1.2%
BUZZ-Falls as Cowen cuts PT on macroeconomic pressures urn:newsml:reuters.com:*:nL4N2YS2AJ
** Boston Beer Co SAM.N : down 2.0%
BUZZ-To feel pain from cooling hard seltzer demand- Credit Suisse urn:newsml:reuters.com:*:nL4N2YS2M8
** American Airlines Group Inc AAL.O : down 3.7%
BUZZ-Citigroup cuts American Airlines PT on higher financial risk profile
urn:newsml:reuters.com:*:nL4N2YS2DJ
** Mullen Automotive Inc MULN.O : up 4.7%
BUZZ-Jumps on deal to sell 600 electric cargo vans urn:newsml:reuters.com:*:nL4N2YS2DF
** Devon Energy Corp DVN.N : down 1.9%
BUZZ-J.P. Morgan expects another 'solid quarter' from Devon Energy, raises
PT urn:newsml:reuters.com:*:nL4N2YS2AL
** Meta Platforms Inc META.O : down 3.7%
BUZZ-Slips as Needham downgrades on rising costs, advertising weakness
urn:newsml:reuters.com:*:nL4N2YS2FQ
** La Jolla Pharmaceutical Co LJPC.O : up 81.1%
BUZZ-Soars on takeover deal by Innoviva urn:newsml:reuters.com:*:nL4N2YS2F4
** Suncor Energy Inc SU.N : down 2.2%
BUZZ-Analysts downgrade Suncor as CEO resigns after worker deaths urn:newsml:reuters.com:*:nL4N2YS2G1
** ToughBuilt Industries Inc TBLT.O : up 24.3%
BUZZ-Tools maker ToughBuilt Industries jumps as Q2 sales on Amazon rise
urn:newsml:reuters.com:*:nL4N2YS2GU
** Athenex Inc ATNX.O : down 1.8%
BUZZ-Athenex to sell China business, shares rise urn:newsml:reuters.com:*:nL4N2YS2GM
** Barrick Gold Corp GOLD.N : down 1.1%
** Sibanye Stillwater Ltd SBSW.N : down 2.7%
** Gold Fields Ltd GFI.N : down 0.4%
** Harmony Gold Mining Company Ltd HMY.N : down 0.9%
BUZZ-Gold miners dip as bullion nears 9-month low urn:newsml:reuters.com:*:nL4N2YS2HN
** Chevron Corp CVX.N : down 0.6%
** Exxon Mobil Corp XOM.N : down 0.5%
** EOG Resources Inc EOG.N : down 1.2%
** Murphy Oil Corp MUR.N : down 0.2%
BUZZ-Energy cos down as crude prices slip over 3% on China COVID worries
urn:newsml:reuters.com:*:nL4N2YS2H7
** GlobalFoundries Inc GFS.O : down 5.0%
BUZZ- Slips as Susquehanna cuts PT on inventory concerns urn:newsml:reuters.com:*:nL4N2YS2CD
** Redfin Corp RDFN.O : down 8.6%
BUZZ- Drops as Wedbush downgrades on 'poorly timed' entry into mortgage market
urn:newsml:reuters.com:*:nL4N2YS2IZ
** Tempur Sealy International Inc TPX.N : up 0.2%
** Purple Innovation Inc PRPL.O : down 1.4%
BUZZ- Likely to see demand fall further- KeyBanc urn:newsml:reuters.com:*:nL4N2YS2LQ
** Glory Star New Media Group Holdings Ltd GSMG.O : up 29.5%
BUZZ- Jumps on go-private deal with founder urn:newsml:reuters.com:*:nL4N2YS2M4
** Kroger Co KR.N : up 0.5%
BUZZ- Best positioned for high inflation, recession- BofA urn:newsml:reuters.com:*:nL4N2YS2MA
** Co-Diagnostics Inc CODX.O : up 3.7%
BUZZ- Best positioned for high inflation, recession- BofA urn:newsml:reuters.com:*:nL4N2YS2MU
** Rogers Communications Inc : down 3.7%
BUZZ- Falls as analysts see regulatory risk to Shaw deal days after outage
urn:newsml:reuters.com:*:nL4N2YS2N1
** Honeywell International Inc HON.O : up 0.3%
BUZZ-BofA upgrades Honeywell to 'buy' on strong pricing power urn:newsml:reuters.com:*:nL4N2YS2OC
** Thoughtworks Holdings Inc TWKS.O : up 0.1%
BUZZ- Bags contract from PCI Pharma Services urn:newsml:reuters.com:*:nL4N2YS2OQ
** Occidental Petroleum Corp OXY.N : down 1.7%
BUZZ-Goldman Sachs downgrades Occidental to 'neutral' from 'buy' urn:newsml:reuters.com:*:nL4N2YS2QD
** T2 Biosystems Inc TTOO.O : up 2.9%
BUZZ-Rises on 'breakthrough' tag for Lyme disease test urn:newsml:reuters.com:*:nL4N2YS2QI
** PMorgan Chase & Co JPM.N : down 0.7%
** Goldman Sachs Group Inc GS.N : down 0.4%
** Bank of America Corp BAC : down 0.6%
** Wells Fargo & Co WFC.N : down 1.0%
BUZZ-Major U.S. banks drop as Treasury yield curve inversion enters fifth
session urn:newsml:reuters.com:*:nL4N2YS2S7
** Iterum Therapeutics PLC ITRM.O : up 74.4%
BUZZ-Rises after FDA agrees on design for UTI drug trial urn:newsml:reuters.com:*:nL4N2YS2SF
** Titan Machinery Inc TITN.O : up 10.1%
BUZZ-Has best day in 13 mths on takeover bid for farm equipment maker
urn:newsml:reuters.com:*:nL4N2YS2TD
** Volcon Inc VLCN.O : up 56.3%
BUZZ-Up on pre-orders worth about $70 mln in revenue urn:newsml:reuters.com:*:nL4N2YS2QF
** Cowen Inc COWN.O : down 0.2%
BUZZ-Piper Sandler sees dealmaking draught hitting Cowen in Q2; shares fall
urn:newsml:reuters.com:*:nL4N2YS2T5
** Lululemon Athletica Inc LULU.O : down 3.1%
BUZZ- Falls as Jefferies downgrades rating on slowing demand urn:newsml:reuters.com:*:nL4N2YS2UF
** Freeport-McMoRan Inc FCX.N : down 3.2%
** BHP Group Ltd BHP.N : down 2.6%
** Southern Copper Corp SCCO.N : down 3.0%
** Hecla Mining Co HL.N : down 2.1%
BUZZ-Copper miners slip as soaring dollar slams metal prices urn:newsml:reuters.com:*:nL4N2YS2UZ
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 2.20%
Consumer Discretionary .SPLRCD down 1.78%
Consumer Staples .SPLRCS up 0.24%
Energy .SPNY down 0.61%
Financial .SPSY down 0.40%
Health .SPXHC up 0.13%
Industrial .SPLRCI down 0.24%
Information Technology .SPLRCT down 0.61%
Materials .SPLRCM up 0.06%
Real Estate .SPLRCR up 0.19%
Utilities .SPLRCU up 0.43%
(Compiled by Rajarshi Roy and Kannaki Deka in Bengaluru)
((Kannaki.Deka@thomsonreuters.com))