The major indexes rose to new highs this week as investors ignored the chaos in Washington and refused to let the market fall.
The S&P 500 rose 1.5% this week after advancing 0.2% to 2,351.16 today, while the Dow Jones Industrial Average gained 1.7% this week after ticking up 4.28 points to 20,624.05. The Nasdaq Composite climbed 1.8% this week after today.
There were all sorts of reasons for the market to drop this week: Fed chief Janet Yellen was more hawkish than expected when she testified to Congress this week, while President Donald J. Trump was busy defending himself, rather than proposing business friendly legislation.
But the market refused to take a loss for an answer. Today, for instance, the Dow had been down as much as 87.16 points, before rallying back, while the blue chip benchmark rallied back from a 55.03 decline. In fact, that’s been the pattern all year in the S&P 500, explains the folks at Bespoke Investment Group:
Best Blue Chip Stocks To Own Right Now: Smith & Nephew SNATS, Inc.(SNN)
- [By Lisa Levin]
Heat Biologics, Inc. (NASDAQ: HTBX) shares tumbled 48.59 percent to close at $1.275 on Thursday after the company priced its $18,000,000 public offering.
InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 38.77 percent to close at $8.26 on Thursday.
Check-Cap Ltd. (NASDAQ: CHEK) shares tumbled 27.43 percent to close at $8.81.
Achaogen, Inc. (NASDAQ: AKAO) dropped 24.76 percent to close at $11.06 in reaction to a disappointing update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections.
Anika Therapeutics, Inc. (NASDAQ: ANIK) shares declined 24.68 percent to close at $34.80 after the company posted downbeat quarterly results.
LSC Communications, Inc. (NASDAQ: LKSD) shares fell 24.22 percent to close at $12.64 following wider-than-expected Q1 loss.
Cardinal Health, Inc. (NYSE: CAH) fell 21.42 percent to close at $50.80 following downbeat quarterly profit.
Horizon Global Corporation (NYSE: HZN) dropped 20.42 percent to close at $6.00 following downbeat quarterly earnings.
Hornbeck Offshore Services, Inc. (NYSE: HOS) slipped 20.11 percent to close at $2.90 following wider-than-expected Q1 loss.
Esperion Therapeutics, Inc. (NASDAQ: ESPR) fell 19.28 percent to close at $36.93. Esperion Therapeutics stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. JP Morgan downgraded Esperion Therapeutics from Neutral to Underweight.
Laredo Petroleum, Inc. (NYSE: LPI) declined 17.77 percent to close at $8.98 after the company reported weaker-than-expected Q1 earnings.
The Habit Restaurants, Inc. (NASDAQ: HABT) dipped 16.1 percent to close at $8.60 after the company reported downbeat quarterly results.
Arcadia Biosciences, Inc. (N
- [By Ethan Ryder]
The business also recently declared a semiannual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, April 5th will be given a $0.44 dividend. This represents a yield of 2.31%. The ex-dividend date is Thursday, April 4th. This is a boost from Smith & Nephew’s previous semiannual dividend of $0.25. Smith & Nephew’s payout ratio is 26.73%.
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Smith & Nephew Company Profile
- [By Joseph Griffin]
Zimmer Biomet (NYSE: ZBH) and Smith & Nephew (NYSE:SNN) are both large-cap medical companies, but which is the better stock? We will compare the two companies based on the strength of their risk, analyst recommendations, dividends, institutional ownership, earnings, valuation and profitability.
Best Blue Chip Stocks To Own Right Now: Mastercard Incorporated(MA)
- [By Matthew Cochrane]
As with Mastercard Inc. (NYSE:MA), Visa doesn’t directly lend money to consumers through its branded credit or debit cards. The money being borrowed comes from the financial institution that actually issues the card, such as JPMorgan Chase or Capital One. There are advantages and disadvantages to this model. The primary advantage is that Visa is not at risk from consumers defaulting on their credit card loans, which is one of the riskiest types of debt. The disadvantage is that consumers pay a lot of interest on their credit card debt each year, and Visa doesn’t get to collect any of it.
- [By Andy Pai]
In a 2014 interview, Akre said he looks for companies that he thinks are ‘compounding machines.' At the time the firm owned Mastercard Inc (NYSE: MA) and Visa Inc (NYSE: V) which he pointed out have margins of over 30 percent, which is around three times that of the average US company.
- [By Douglas A. McIntyre]
Visa Inc. (NYSE: V) and Mastercard Inc. (NYSE: MA) may settle a battle with the government. According to The Wall Street Journal:
Visa Inc. and Mastercard Inc. are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, according to people familiar with the matter.
- [By Leo Sun]
Nubank offers a virtual credit card from Mastercard (NYSE:MA) to five million active customers. Its mobile app lets users track real-time transactions, contact customer support, apply for higher credit limits, and perform other services.
- [By ]
However, several Buffett stocks chalked up nice gains during the first quarter. The three top performers in Berkshire’s portfolio were Sirius XM Holdings (NASDAQ:SIRI), Mastercard (NYSE:MA), and Moody’s (NYSE:MCO). Here’s what drove these stocks higher — and what their prospects are for the rest of 2018.
Best Blue Chip Stocks To Own Right Now: DHX Media Ltd.(DHXM)
- [By Lisa Levin] Gainers
Turtle Beach Corporation (NASDAQ: HEAR) surged 87.1 percent to $12.98 after the company reported Q1 results and raised its FY18 outlook.
ARMO BioSciences, Inc. (NASDAQ: ARMO) shares jumped 66.8 percent to $49.735 after Eli Lilly and Company (NYSE: LLY) announced plans to acquire ARMO BioSciences for $50 per share.
vTv Therapeutics Inc. (NASDAQ: VTVT) gained 34 percent to $2.2920 following announcement that the company will pre-specify new subgroup with the FDA and report Phase 3 Part B results in June.
Prestige Brands Holdings, Inc. (NYSE: PBH) climbed 22.3 percent to $34.84 after the company posted upbeat Q4 earnings.
Depomed, Inc. (NASDAQ: DEPO) shares jumped 22.2 percent to $7.28 following better-than-expected Q1 earnings.
Everspin Technologies, Inc. (NASDAQ: MRAM) gained 19.8 percent to $8.89 after the company reported strong results for its first quarter.
Luxfer Holdings PLC (NYSE: LXFR) surged 19.8 percent to $17.10 following Q1 results.
Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 18.3 percent to $2.26 after French company Total announced plans to acquire 25 percent stake in Clean Energy Fuels for $83.4 million.
Intelligent Systems Corporation (NYSE: INS) gained 17 percent to $7.116.
Green Dot Corporation (NYSE: GDOT) surged 15.3 percent to $73.00 after reporting upbeat Q1 earnings.
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) climbed 15 percent to $28.85. Chefs' Warehouse posted Q1 earnings of $0.03 per share on sales of $318.6 million.
Westport Fuel Systems Inc. (NASDAQ: WPRT) rose 14.2 percent to $2.9701.
Wright Medical Group N.V. (NASDAQ: WMGI) jumped 13.8 percent to $23.87 after reporting upbeat quarterly earnings.
Diplomat Pharmacy, Inc. (NYSE: DPLO) gained 13.4 percent to $22.70. Diplomat named Brian Griffin as Chairman and CEO.
Carvana Co. (NYSE: CVNA) shares rose 13 percent to $27.97 after reporting upbeat Q1 sales.
Prothena Corporation plc (NASDAQ: PRTA) gained 12 percent to $15.19
- [By Stephan Byrd]
Dhx Media Com Vtg (OTCMKTS:DMQHF) and DHX Media (NASDAQ:DHXM) are both small-cap consumer discretionary companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, analyst recommendations, profitability, institutional ownership, dividends and valuation.
- [By Anders Bylund]
Family-friendly media company DHX Media (NASDAQ:DHXM) reported third-quarter earnings early Monday morning. Investors didn’t see much to like in this business update, and the stock closed 19.7% lower at the end of the day.