Source: ThinkstockNovember 7, 2017: The S&P 500 closed down 0.05% at 2,589.89. The DJIA closed up 0.03% at 23,554.41. Separately, the Nasdaq was down 0.27% at 6,767.78.
Tuesday was a relatively flat day for the broad U.S. markets with all of the major exchanges starting out strong but slowly fading over the course of the day. Crude oil gave back a little after a strong start to the week. The S&P 500 sectors were mostly positive with a few notable exceptions. The best performing sectors were utilities and consumer staples, up 1.2% and 1.1%, respectively. The worst performing sectors were financials and consumer discretionary, down 1.4%, and 0.6%, respectively.
Crude oil was down 0.2% at $57.22.
Top 5 Performing Stocks To Invest In 2019: Eros International PLC(EROS)
Advisors' Opinion:- [By Garrett Baldwin]
The secret to becoming a millionaire, of course, is getting out in front of a major investment trend before it becomes mainstream. In 2017, it was Bitcoin and cryptocurrencies. But this year, it's a taboo investment that is creating millionaires all across North America. Tap into the "green rush," and prepare to become a "Marijuana millionaire." Learn how to get started right here.
The Top Stock Market Stories for Wednesday U.S. President Donald Trump is facing criticism after threatening to ramp up taxes on Harley-Davidson Inc. (NYSE: HOG). The iconic motorcycle producer said it will move parts of its production overseas in order to avoid tariffs from the European Union. Trump threatened to increase taxes on the firm. "Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag," Trump tweeted Tuesday. "I fought hard for them and ultimately they will not pay tariffs selling into the E.U., which has hurt us badly on trade, down $151 Billion. Taxes just a Harley excuse – be patient!" Earlier this month, Microsoft Corp. (Nasdaq: MSFT) launched a $7.5 billion takeover of the web-based hosting service GitHub. The acquisition, orchestrated by Microsoft CEO Satya Nadella, brought out critics who claim that GitHub lacks any real profit potential for Microsoft stock. Here's why those critics are wrong… and why MSFT is a buy. Facebook Inc. (Nasdaq: FB) has reversed its policy on cryptocurrency ads. The social media giant says that it will permit marketing from "pre-approved advisers." According to TechCrunch, the company will still ban ads pushing binary options and initial coin offerings. The report goes on to explain that cryptocurrency scams cost customers more than $500 million in just January and February 2018 alone. Four Stocks to Watch Today: ORCL, FB, GOOGL, BA Oracle Corp. (NYSE: ORCL) were largely flat despite a strong earnings report after the bell yesterday. The cloud computing giant reported EPS of $0.99 - [By Motley Fool Staff]
Eros International (NYSE:EROS) Q4 2018 Earnings Conference CallJun. 27, 2018 8:30 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Harsh Chauhan]
And the company finally seems to be getting its act together in India; it was earlier criticized for offering a very shallow content library at premium prices when compared to rivals. But cracking the Indian market will be easier said than done for Netflix, as one of India's biggest production houses -- Eros International (NYSE:EROS) -- has now decided to join the video-streaming party.
- [By Ethan Ryder]
Eros International plc (NYSE:EROS)’s share price was up 6.8% during mid-day trading on Wednesday . The company traded as high as $14.50 and last traded at $14.10. Approximately 936,285 shares changed hands during mid-day trading, an increase of 135% from the average daily volume of 397,949 shares. The stock had previously closed at $13.20.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Eros International (EROS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Performing Stocks To Invest In 2019: Arrow Electronics, Inc.(ARW)
Advisors' Opinion:- [By Ethan Ryder]
Arrow Global Group PLC (LON:ARW)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 222.50 ($2.90) and last traded at GBX 227.50 ($2.96), with a volume of 220924 shares changing hands. The stock had previously closed at GBX 226.50 ($2.95).
- [By Motley Fool Transcribing]
Arrow Electronics (NYSE:ARW) Q4 2018 Earnings Conference CallFeb. 7, 2019 1:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Ethan Ryder]
PNC Financial Services Group Inc. increased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 29.7% in the first quarter, HoldingsChannel.com reports. The firm owned 19,225 shares of the technology company’s stock after buying an additional 4,405 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Arrow Electronics were worth $1,480,000 at the end of the most recent reporting period.
- [By Stephan Byrd]
Arrow Electronics (NYSE:ARW) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Arrow Electronics reported better-than-expected results for first-quarter 2018. The figures also came above the mid-point of the company’s guidance ranges and marked year-over-year improvement. Moreover, the electronic component distributor provided an optimistic guidance for second-quarter 2018. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions and partnerships are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns. Notably, the stock has outperformed the industry in the last one year.”
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Arrow Electronics (ARW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lee Jackson]
This award-winning company looks poised to come in strong for the quarter. Arrow Electronics Inc. (NYSE: ARW) is a worldwide provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.
Top 5 Performing Stocks To Invest In 2019: Turkcell Iletisim Hizmetleri AS(TKC)
Advisors' Opinion:- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Big Lots, Inc. (NYSE: BIG) shares fell 9.6 percent to $37.01 in pre-market trading after the company reported weaker-than-expected results for its first quarter and issued downbeat earnings forecast. Tilly's, Inc. (NYSE: TLYS) fell 5.7 percent to $12.98 in pre-market trading after rising 12.69 percent on Thursday. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) fell 4.2 percent to $6.39 in pre-market trading after dropping 4.71 percent on Thursday. Sunlands Online Education Group (NYSE: STG) fell 4.2 percent to $9.13 in pre-market trading. Safe Bulkers, Inc. (NYSE: SB) fell 4.2 percent to $3.42 in pre-market trading after climbing 12.62 percent on Thursday. Ulta Beauty, Inc. (NASDAQ: ULTA) fell 4.1 percent to $236.80 in pre-market trading. Ulta Beauty reported upbeat results for its first quarter, but issued weak second-quarter earnings and sales guidance. GameStop Corp. (NYSE: GME) shares fell 3.8 percent to $12.70 in pre-market trading. GameStop reported in-line earnings for its first quarter, while sales missed estimates. Workday, Inc. (NASDAQ: WDAY) fell 3.2 percent to $126.85 in the pre-market trading session after the company posted Q1 results. Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 3 percent to $57.15 in pre-market trading - [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Forward Pharma A/S (NASDAQ: FWP) fell 15.2 percent to $3.51 in pre-market trading after surging 88.18 percent on Tuesday. Pfenex Inc. (NASDAQ: PFNX) shares fell 15 percent to $5.85 in pre-market trading after the company announced an offering of common stock. Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) fell 17.6 percent to $47.75 in pre-market trading after the company reported downbeat results for its first quarter and issued a weak earnings forecast for the second quarter. Container Store Group, Inc. (NYSE: TCS) fell 13 percent to $7.15 in pre-market trading after reporting weaker-than-expected earnings for its fourth quarter. Ardelyx, Inc. (NASDAQ: ARDX) shares fell 12.1 percent to $4.00 in pre-market trading after reporting pricing of public offering of common stock. Boston Scientific Corporation (NYSE: BSX) shares fell 9.8 percent to $27.31 in pre-market trading. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) fell 6.5 percent to $6.60 in pre-market trading. Target Corporation (NYSE: TGT) shares fell 5.8 percent to $71.02 in pre-market trading. Target reported weaker-than-expected earnings for its first quarter, while sales exceeded estimates. PBF Energy Inc. (NYSE: PBF) shares fell 5.7 percent to $42.42 in pre-market trading - [By Rich Smith]
Turkish telco Turkcell Iletisim Hizmetleri (NYSE:TKC) became the latest victim of President Donald Trump's favorite foreign policy tool -- the tariff -- this morning, falling 13.1% (as of 11:40 a.m. EDT) after the United States announced it would double the amount of tariffs imposed on steel and aluminum imported to the U.S. from Turkey.
- [By Rich Smith]
Turkish telco Turkcell Iletisim Hizmetleri (NYSE:TKC) closed up 11.6% on Thursday after the country's central bank announced a big boost to interest rates -- 24%, or 6.25 percentage points more than previously -- boosting the Turkish lira's value against the U.S. dollar for the third straight day.
Top 5 Performing Stocks To Invest In 2019: NETGEAR, Inc.(NTGR)
Advisors' Opinion:- [By Rich Duprey]
The stock of home security camera specialist Arlo Technologies (NYSE:ARLO) had a wild ride after separating from Netgear (NASDAQ:NTGR) with its Aug. 3 IPO. Priced at $16 per share, it advanced, retreated, then jumped to almost $24 before collapsing to $18 following its first earnings report as an independent company.
- [By Max Byerly]
ValuEngine upgraded shares of NetGear (NASDAQ:NTGR) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.
Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of NetGear from a strong-buy rating to a buy rating in a research report on Tuesday, June 26th. TheStreet downgraded shares of NetGear from a b- rating to a c+ rating in a research report on Monday, August 13th. Raymond James set a $80.00 target price on shares of NetGear and gave the stock a buy rating in a research report on Wednesday, September 5th. Cowen assumed coverage on shares of NetGear in a research report on Monday. They set a hold rating and a $63.00 target price for the company. Finally, Zacks Investment Research raised shares of NetGear from a strong sell rating to a hold rating in a research report on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $70.40.
- [By Steve Symington]
Shares of Netgear (NASDAQ:NTGR) fell 11.3%% in September, according to data from S&P Global Market Intelligence, in lockstep with the post-earnings decline of recent spinoff Arlo Technologies (NYSE:ARLO).
- [By Ethan Ryder]
Silvercrest Asset Management Group LLC lowered its stake in shares of NetGear, Inc. (NASDAQ:NTGR) by 99.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,386 shares of the communications equipment provider’s stock after selling 840,960 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in NetGear were worth $480,000 at the end of the most recent reporting period.
- [By Max Byerly]
NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,987 shares of NetGear stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $39.45, for a total transaction of $78,387.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Top 5 Performing Stocks To Invest In 2019: Intrepid Potash, Inc(IPI)
Advisors' Opinion:- [By Dan Caplinger]
Stocks rebounded on Wednesday, with the Dow Jones Industrial Average climbing back from triple-digit losses early in the session to finish with a modest gain. Market participants were initially nervous because of the continued upward pressure on interest rates and their potential negative impact on the U.S. economy. But later in the day, confidence returned, and the steadfast market reversed course. Several individual stocks had much larger advances. Norfolk Southern (NYSE:NSC), Six Flags Entertainment (NYSE:SIX), and Intrepid Potash (NYSE:IPI) were among the best performers on the day. Here's why they did so well.
- [By Logan Wallace]
Intrepid Potash, Inc. (NYSE:IPI) insider Robert P. Jornayvaz III purchased 6,900 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average cost of $3.36 per share, for a total transaction of $23,184.00. Following the completion of the purchase, the insider now directly owns 1,206,650 shares in the company, valued at approximately $4,054,344. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
- [By Shane Hupp]
Intrepid Potash (NYSE:IPI)’s share price was down 5.8% on Tuesday following insider selling activity. The stock traded as low as $4.00 and last traded at $4.05. Approximately 1,663,655 shares changed hands during trading, an increase of 53% from the average daily volume of 1,087,289 shares. The stock had previously closed at $4.30.
- [By Ethan Ryder]
Intrepid Potash (NYSE:IPI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “
- [By Maxx Chatsko]
While the global fertilizer industry continues to struggle with imbalanced markets, efforts hyper-focused on operational efficiency have begun to pay off for several producers. Investors can count small cap Intrepid Potash (NYSE:IPI) among them.
- [By Max Byerly]
Get a free copy of the Zacks research report on Intrepid Potash (IPI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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