Things remain hale in the U.S. economy, even with downward figures from the U.S. Conference Board. Consumer confidence decreased marginally in December, following a slight increase in November. The Index now stands at 126.5, down from 126.8 (an upward revision) in November. The board's Present Situation Index – based on consumers' assessment of current business and labour market conditions – increased from 166.6 to 170.0. The Expectations Index – based on consumers' short-term outlook for income, business and labor market conditions – decreased from 100.3 last month to 97.4 this month. Consumers' appraisal of conditions as they are now improved in December. Those...
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. NIO Inc. (NIO) upgraded to Neutral from Underperform at BofA with analyst Ming Hsun Lee saying the company's launch of a 100kWh battery pack will enhance the cruise range of the ES8 significantly and NIO also announced its third model, the EC6, which will be equipped with with dual motors. 2. Wave Life Sciences (WVE) downgraded to Market Perform from Outperform at SVB Leerink with analyst Mani Foroohar citing limited catalysts until second half of 2020. 3. BellRing Brands (BRBR) initiated with an Equal Weight at Consumer Edge. 4. New Residential (NRZ) initiated with a Buy at Argus. 5. Zynerba (ZYNE) assumed...
On a fairly light day on the markets, with more investors listening to the ticking of the clock toward the end of 2019, there are so few stocks to point to having done any significant damage.
One that is making noise on Monday is Vancouver-based Doubleview Capital Corp. (TSX-Venture:DBV), which has closed the non-brokered flow-through private placement financing and proposes to close the non-flow-through private placement financing for gross proceeds of $716,000. Doubleview closed the final tranche of its non-brokered flow-through (FT) private placement financing of 3,800,000 flow-through units at a price of $0.15 per unit for gross proceeds of $570,000. Monday’s news release ...
HIGHER: Sol-Gel Technologies (SLGL), up 106% after announcing top-line results from two pivotal Phase 3 clinical trials for Twyneo, which demonstrated statistically significant improvement on all co-primary endpoints in the treatment of patients with acne vulgaris... Axsome Therapeutics (AXSM), up 5% after AXS-07, Axsome's investigational medicine for the acute treatment of migraine, met the two regulatory co-primary endpoints and significantly improved migraine pain and most bothersome symptoms as compared to placebo in the MOMENTUM Phase 3 trial. Maxar Technologies (MAXR), up 12% after announcing it has entered into a definitive agreement to sell MDA to a consortium of...
Stocks fluctuated near records on Friday as year-end optimism continued to drive the rally.
The Dow Jones Industrials gained 25.15 points to 28,646.54
The S&P 500 subtracted 0.36 points to 3,239.55.
The NASDAQ dropped 17.32 points to 9,005.08, dragged by a 1.7% drop in Netflix shares.
The tech-heavy NASDAQ topped the 9,000 mark for the first time Thursday, lifted by a jump in Amazon shares on a record holiday shopping season. The NASDAQ has been rising for 11 straight days, the longest winning streaking since July 2009.
The S&P 500, up already 29.2% in 2019, is inches away from reaching historic proportions. The benchmark will post its best year since 1997 with an annual gain of more than...
Futures for Canada’s main stock index rose sharply on Friday, supported by higher oil prices as upbeat economic data from China and the United States restored confidence in global growth.
The TSX Composite Index gained 51.44 points Tuesday to break for Christmas at 17,180.15
The Canadian r was up 0.15 cents U.S. to 76.42 cents early Friday
March futures vaulted 0.4% Friday.
Markets were closed on Wednesday for Christmas and Thursday for Boxing Day.
Private equity firm KKR & Co Inc and Alberta Investment Management Corp would jointly buy a 65% stake in TC Energy Corp’s Coastal GasLink Pipeline in Canada, KKR said on Thursday...
Amazon (AMZN) announced that this holiday season was "record-breaking," with "billions of items" ordered worldwide and "tens of millions of Amazon Devices" purchased worldwide. Some of the best-selling products and brands this holiday season were the Echo Dot, Fire TV Stick with Alexa Voice Remote, Echo Show 5, L.O.L. Surprise! Glitter Globe Doll Winter Disco Series with Glitter Hair, iRobot (IRBT) Roomba 675 Robot Vacuum, HAUS LABORATORIES, Carhartt, AmazonBasics, and Champion items, the company stated in its holiday sales press release. Popular departments customers shopped in Amazon's Stores in the U.S...
Wedbush analyst Daniel Ives raised his price target for Tesla to $370 from $270 while keeping a Neutral rating on the shares. The stock closed Tuesday up $6.03 to $425.25. "Strong" Model 3 consumer demand and profitability "that looks to be on an upward trajectory" for the December quarter has proven the skeptics wrong in the near-term, Ives tells investors in a research note. For Q4, both U.S. consumer demand for Model 3 and European strength should likely drive upside and enable Tesla to "comfortably" hit its vehicle delivery guidance of 360,000-400,000 units for fiscal 2019, says the analyst. He believes that while part of the recent share rally has been...