1. Market movers — Tech, banks, airlines: There have been few dull moments in the markets this month, and Friday’s no exception.
Shares in Hewlett Packard Enterprise (HPE) and HP (HPQ), which were once one company, were shooting higher in premarket trading after reporting better-than-expected earnings on Thursday.
Royal Bank of Scotland (RBS) stock is down by 4.5% in London, making it one of the worst performers on the FTSE 100 index after the bank released its latest annual results. The bank turned a profit of 拢752 million ($1.1 billion) last year, its first annual profit in a decade, but that was less than expected.
Shares in British Airways owner International Airlines Group (ICAGY) are also down by about 5% in London after the airline released annual results that disappointed investors.
“While CEO [Willie] Walsh praised the results as ‘very good’ in the face of a transformational period, the results don’t necessarily leave investors any clearer as to how current restructuring will benefit the group in the long-term,” said Henry Croft, research analyst at Accendo Markets.
Top 5 Heal Care Stocks For 2018: Aethlon Medical, Inc.(AEMD)
- [By Monica Gerson]
General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion.
Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million.
Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million.
Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion.
Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million.
Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million.
UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million.
Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million.
OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million.
8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million.
Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million.
Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million.
Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million.
Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter.
Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share.
Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea
- [By Money Morning Staff Reports]
But before we show you our pick, here are the top 10 penny stocks to watch this week…
Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5)
My Size Inc. (Nasdaq: MYSZ) $1.66 152.28%
Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52%
DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02%
CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71%
China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58%
Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12%
Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01%
Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5%
Cenveo Inc. (Nasdaq: CVO) $1.20 31.82%
EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%
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Top 5 Heal Care Stocks For 2018: NVIDIA Corporation(NVDA)
- [By Wayne Duggan]
As a result of the potential rotation, some of the top tech performers of 2017 are feeling some major pain on Wednesday:
Facebook Inc (NASDAQ: FB) was down 4.2 percent.
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) was down 3.0 percent.
Apple Inc. (NASDAQ: AAPL) was down 3.3 percent.
Amazon.com, Inc. (NASDAQ: AMZN) was down 3.9 percent.
Micron Technology, Inc. (NASDAQ: MU) was down 8.6 percent.
NVIDIA Corporation (NASDAQ: NVDA) was down 8.4 percent.
Netflix, Inc. (NASDAQ: NFLX) was down 6.5 percent.
At the same time, big banks stocks are demonstrating major strength:
- [By Virendra Singh Chauhan]
Shares of Sunnyvale, California-based NVIDIA (NASDAQ:NVDA) were brought to a grinding halt in the past week. NVIDIA stock price tumbled by 8.7% in 5 trading sessions for the week ending Feb 24, 2017. The fall was accelerated by a couple of analyst reports from Nomura and BMO capital, whichcalled a sell on NVDA stock with target prices of $90 and $85, respectively. However, the stock seems to have bounced off the negative sentiments, as it started this week strongly, closing the last trading session at a price of $104.41, gaining nearly 3% from last week’s close. The latest price action raises important questions for NVIDIA stock investors. Is this a dead cat bounce? Or, has NVDA stock turned the corner? Is it time to buy into the stock?
- [By Peter Graham]
A long term performance chart shows shares of AmbarellaInc peaking in mid 2015before falling off with large capNVIDIA Corporation (NASDAQ: NVDA) now catching up while small cap end customerGoPro Inc has fallen into underperformance:
- [By Arie Goren]
Research companies see high growth in these areas. According to the research company Tractica, the deep learning software market is expected to surpass $10 billion by 2024. Also, according to research by MarketsandMarkets, the artificial intelligence market is estimated to grow from $419.7 million in 2014 to $5.05 billion by 2020, at a compound annual growth rate (CAGR) of 53.7%. (See also: Advanced Micro Devices Inc. (AMD) Stock Or NVIDIA Corporation (NVDA) Stock: Which Is A Better Buy?)
- [By Zacks]
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Zacks Investment Research
Top 5 Heal Care Stocks For 2018: Roadrunner Transportation Systems, Inc(RRTS)
- [By Dan Caplinger]
Tuesday was another down day for the Dow Jones Industrials, which fell more than 100 points to drop further below the 20,000 level. But broader market measures were mixed, and the Nasdaq Composite even managed to gain ground. Continued uncertainty about the impact of new policies from the U.S. federal government have kept markets a bit turbulent, and the beginning of a two-day meeting of the Federal Reserve’s Open Market Committee could set the tone for monetary policy in 2017. Some stocks had bad news that sent them lower today, and among the worst performers were Seadrill (NYSE:SDRL), Roadrunner Transportation Systems (NYSE:RRTS), and Tempur Sealy International (NYSE:TPX). Below, we’ll look more closely at these stocks to tell you why they did so poorly.
Top 5 Heal Care Stocks For 2018: Vuzix Corporation(VUZI)
- [By James E. Brumley]
While the economy’s natural — and recurring — cycles favor different kinds of stocks at different times, not every great trend is necessarily a cyclical one. Sometimes, a trend is rooted in a technological development that changes cultural norms. The advent of the smartphone, for example, has made constant connectivity to the world around part of how we live our daily lives.
These mega-trends present tremendous opportunities for investors too, provided they’re savvy enough to see them coming and play them the right way.
One such mega-trend newly underway right now is the proliferation of wearables… devices that meld clothing (often a wrist-worn device) and technology to perform a function that couldn’t be performed otherwise. Much of the same technology that made the smartphone possible are now ushering in wearables.
It’s not been a smooth beginning. however.
While the buzz was strong and expectations reached a peak two years ago when Fitbit Inc (NYSE:FIT) was all the rage and in the wake of its IPO, the company’s growth wasn’t to be sustained. The company is struggling to muster any growth now, and FIT shares have fallen to a tenth of their value seen in late-2015, when the euphoria was strongest.
Fitbit’s slowdown has been mirrored by other companies in the space. The wearables market only grew 3.1% in Q3 of 2016.
On the flipside, while the debacle of Fitbit — the wearable industry’s iconic company — has been a painful, it’s also been a learning experience. And, it’s not as if the slowdown is unfurling without the wearables market never reaching a respectable size. International Data Corporation estimates were 23 million ‘wearables’ delivered in the third quarter of last year alone.
Moreover, the fizzling of the market hasn’t turned into a reason to swear off wearables as an investment opportunity… quite the opposite, actually. It’s just now become considerably clearer what consumers want an
- [By Lisa Levin] Related CRMD Mid-Day Market Update: U.S. Stocks Turn Negative; AveXis Shares Spike Higher 12 Biggest Mid-Day Gainers For Tuesday CorMedix's (CRMD) CEO Khoso Baluch on Q4 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related BIOA Mid-Day Market Update: U.S. Stocks Turn Negative; AveXis Shares Spike Higher Mid-Morning Market Update: Markets Edge Higher; Tiffany Earnings Top Estimates BioAmber (BIOA) Q4 2016 Results – Earnings Call Transcript (Seeking Alpha)
CorMedix Inc. (NYSE: CRMD) shares fell 27.5 percent to $1.50 after the company reported Q4 results and issued a business update.
Bioamber Inc (NYSE: BIOA) shares tumbled 23.6 percent to $2.40. BioAmber reported FY16 adjusted loss of $1.07 per share on revenue of $8.3 million.
The Medicines Company (NASDAQ: MDCO) shares dipped 20.9 percent to $41.62.
Innocoll Holdings PLC (NASDAQ: INNL) shares fell 20.3 percent to $1.49. Innocoll posted a narrower-than-expected quarter loss, but revenue missed estimates. Stifel Nicolaus downgraded Innocoll from Buy to Hold.
Rosetta Genomics Ltd. (USA) (NASDAQ: ROSG) shares declined 20.3 percent to $3.83. On Thursday, Rosetta Genomics disclosed a 1-for-12 reverse stock split.
Esperion Therapeutics Inc (NASDAQ: ESPR) shares dropped 19.9 percent to $23.76. Esperion Therapeutics shares have jumped 106.19 percent over the past 52 weeks, while the S&P 500 index has gained 16.70 percent in the same period.
AmTrust Financial Services Inc (NASDAQ: AFSI) tumbled 18.3 percent to $17.65. AmTrust Financial disclosed that it will delay its annual report filing for the fiscal year ended December 31, 2016.
Qualstar Corporation (NASDAQ: QBAK) slipped 17.7 percent to $6.85. Qualstar reported a Q4 loss of $0.20 per share on revenue of $2.2 milli
- [By William Patalon III]
Vuzix Corp. (Nasdaq: VUZI) – the “augmented reality” company whose shares more than doubled following our September 2015 recommendation – said that its new “smart glasses” were just honored with a “Wearable Device of the Year” award.
Top 5 Heal Care Stocks For 2018: Freshpet, Inc.(FRPT)
- [By Peter Graham]
A long term performance chart shows shares of Petmed Express and pet stock peerCentral Garden & Pet Co (NASDAQ: CENT) being outstanding performers over the last year or two while pet food stocks Blue Buffalo Pet Products Inc (NASDAQ: BUFF) and Freshpet Inc (NASDAQ: FRPT) have not yet lived up to investor expectations:
- [By Peter Graham]
A long term performance chart shows shares of Petmed Express giving a steady performance before jolting higher this yearand pet stock peerCentral Garden & Pet Co (NASDAQ: CENT) also being agood performer while pet food stocks Blue Buffalo Pet Products Inc (NASDAQ: BUFF) and Freshpet Inc (NASDAQ: FRPT) have not yet lived up to investor expectations:
- [By Lisa Levin]
Freshpet Inc (NASDAQ: FRPT) shares shot up 25 percent to $10.36. Freshpet reported a Q2 loss of $0.10 per share on revenue of $33 million.
Shares of Lantheus Holdings Inc (NASDAQ: LNTH) got a boost, shooting up 50 percent to $5.84 as the company reported strong Q2 results.
- [By Peter Graham]
A long term performance chart shows Blue Buffalo Pet Products roughly back up to its IPO close for retail investors while fresh pet food peer Freshpet Inc (NASDAQ: FRPT) isstill below IPO levels and pet stocksCentral Garden & Pet Co (NASDAQ: CENT) andPetmed Express (NASDAQ: PETS) have been much stronger performers in the pet sector after PetSmart (NASDAQ: PETM) was acquired by a private equity group: