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Snap Inc. (SNAP) Is Down Sharply After Wider Than Expected Q2 Loss
Snap Inc. (SNAP) reported a second quarter non-GAAP loss of $0.16 per share after the close Thursday, compared to the loss of $0.13 per share last year. Street expectations were for a loss of $0.15 per share.Snap has gapped open sharply lower Friday morning and is now down 1.73 at $12.04. The stock is testing the lower end of a 2 1/2 week trading range at the lows of the year. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Snap Inc. (SNAP) Sank To A New Low Following Downgrade
Morgan Stanley downgraded its rating on shares of Snap Inc. (SNAP) Tuesday morning to "Equal weight" from "Overweight."Snap gapped open lower Tuesday and declined for the majority of the session. The stock closed down by 1.52 at $15.47 on above average volume. Snap dropped below nearly a 1-month trading range and set a new low. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Snap Inc. (SNAP) Has Fallen To A New Low After Downgrade
Morgan Stanley downgraded its rating on shares of Snap Inc. (SNAP) Tuesday morning to "Equal weight" from "Overweight."Snap gapped open sharply lower this morning and has continued to lose ground in early trade. The stock is now down 0.90 at $16.09 and has dropped to a new all-time low. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Snapchat's New 'Maps' Feature Is Here - But Is It At Risk Of Being Misused?
Snapchat is arguably one of the fastest-growing social media apps and networks on the planet, having competed with the likes of WhatsApp and Facebook Messenger to captivate millions of young people all over the world.
Supercomputer Hot Take: Elon Musk Is A Cautious CEO
Tesla's Elon Musk was adjudged the most cautious CEO by Watson supercomputer of IBM. Cisco's Chuck Robbins, Microsoft's Satya Nadella, and Oracle's Larry Ellison are the other toppers in the list. Ginni Rometty of IBM came at the sixth rank and Meg Whitman of Hewlett-Packard Enterprise got the seventh position. Next in the row of 11 CEOs are Tim Cook of Apple, Jeff Bezos of Amazon.com, Larry page of Alphabet and Mark Zuckerberg of Facebook. Elon Musk scored 0.96, while Robbins got 0.95.
Gainers & Losers Of June 28: RARX, ESPR, ASND, FLKS, ALDR...
The following are some of the biotech stocks that made their way onto the Day's Gainers & Losers' list of June 28, 2017. The Company's lead drug candidate is Tucatinib, under pivotal trial in patients with locally advanced or metastatic HER2-positive breast cancer, dubbed HER2CLIMB. Enrollment in this study is expected to be completed by mid-2019.
KOSPI May Reverse Wednesday's Losses
The South Korea stock market on Wednesday snapped the four-day winning streak in which it had advanced almost 35 points or 1.5 percent en route to a record closing high. The KOSPI rests just above the 2,380-point plateau although it may rebound on Thursday. The global forecast for the Asian markets is upbeat following comments from ECB President Mario Draghi. The European markets were down and the U.S. bourses were up, and the Asian markets figure to follow the latter lead.
Sensex, Nifty Seen Up On Global Cues
Indian shares may open higher on Thursday, with auto and consumer durable stocks likely to be in focus, after the government approved the 7th pay commission recommendations for grant of allowances to government employees, members of armed forces and those posted in Siachen areas. Airline stocks may also see increased activity as the Union Cabinet gave in-principle approval for strategic disinvestment of debt-laden Air India and its five subsidiaries.
Hong Kong Market Poised To Halt Losing Streak
The Hong Kong stock market has tracked into the red in two straight sessions, giving away almost 190 points or 0.8 percent along the way. The Hang Seng Index now rests just above the 25,680-point plateau although it may find traction on Thursday. The global forecast for the Asian markets is upbeat following comments from ECB President Mario Draghi. The European markets were down and the U.S. bourses were up, and the Asian markets figure to follow the latter lead.
Renewed Support Tipped For China Shares
The China stock market on Wednesday halted the three-day winning streak in which it had advanced more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,170-point plateau, although it is figures to bounce higher again on Thursday. The global forecast for the Asian markets is upbeat following comments from ECB President Mario Draghi. The European markets were down and the U.S. bourses were up, and the Asian markets figure to follow the latter lead.
Sensex, Nifty Marginally Lower In Early Trade
Indian shares followed global peers lower on Wednesday after the IMF cut its outlook for U.S. economic growth and U.S. Senate leaders delayed a vote on healthcare bill until after next week's 4 July holiday. Hawkish comments from ECB President Mario Draghi also kept investors nervous ahead of Thursday's derivative expiry. The benchmark BSE Sensex was down 20 points or 0.07 percent at 30,937 in early trading after declining around 0.6 percent on Tuesday.
Hong Kong Market May Extend Tuesday's Losses
The Hong Kong stock market headed south again on Tuesday, one session after it had ended the four-day slide in which it had surrendered more than 250 points or 1 percent. The Hang Seng Index now rests just beneath the 25,840-point plateau and it figures to take further damage on Wednesday. The global forecast for the Asian markets is negative thanks to discouraging economic and political news. The European and U.S. markets were down and the Asian markets are expected to follow suit.
Nintendo Re-Launching Classic SNES Console
Japanese game maker Nintendo announced its plans to launch Super NES Classic Edition, the standalone mini console, which will feature 21 pre-installed classic games. The Mini 16-Bit System is expected to hit the stores on September 29 for $79.99. The home console will feature Super Mario World, Earthbound, Super Mario Kart, and The Legend of Zelda: A Link to the Past, among others, which were part of the original Super Nintendo Entertainment System, launched in 1991.
Soft Start Called For Taiwan Stock Market
The Taiwan stock market has finished lower in two of three trading days since the end of the six-day winning streak in which it had surged more than 300 points or 3.1 percent. The Taiwan Stock Exchange now rests just beneath the 10,510-point plateau and the losses figure to accelerate on Wednesday. The global forecast for the Asian markets is negative thanks to discouraging economic and political news. The European and U.S. markets were down and the Asian markets are expected to follow suit.
South Korea Bourse Overdue For Profit Taking
The South Korea stock market has finished higher in four straight sessions, gathering almost 35 points or 1.5 percent along the way. Now at another fresh record closing high, the KOSPI rests just above the 2,390-point plateau although it's ripe for consolidation on Wednesday. The global forecast for the Asian markets is negative thanks to discouraging economic and political news. The European and U.S. markets were down and the Asian markets are expected to follow suit.
Asian Markets Mostly Lower
Asian stock markets, with the exception of Australia, are in negative territory on Wednesday following the weak cues overnight from Wall Street after Senate Republicans delayed vote on a bill to replace Obamacare. Investors also digested European Central Bank President Mario Draghi's comments that the central bank could trim its stimulus this year. The Australian market is edging higher after a weak start following the negative lead overnight from Wall Street.
Singapore Bourse May Reverse Tuesday's Gains
The Singapore stock market has finished higher in two of three trading days since the end of the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits Times Index now rests just beneath the 3,220-point plateau although it figures to head south again on Wednesday. The global forecast for the Asian markets is negative thanks to discouraging economic and political news.
China Stocks: Resistance Expected At 3,200
The China stock market on Tuesday snapped the two-day winning streak in which it had added almost 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,190-point plateau, although it is expected to turn lower on Wednesday. The global forecast for the Asian markets is negative thanks to discouraging economic and political news. The European and U.S. markets were down and the Asian markets are expected to follow suit.
Cara Therapeutics Inc. (CARA) Set A New High After FDA Breakthrough Designation
Cara Therapeutics Inc. (CARA) announced Friday morning that it has been granted a breakthrough therapy designation from the FDA for I.V. CR845 for the treatment of moderate-to-severe uremic pruritus in chronic kidney disease patients undergoing hemodialysis.Cara Therapeutics gapped open sharply higher Friday, but traded in a range for the majority of the session. The stock closed up by 2.77 at $22.65 on the highest volume of the year. Cara Therapeutics leaped to a new high for the year.
Japanese Market Rises
The Japanese stock market is rising on Tuesday despite the lackluster cues overnight from Wall Street, as a weaker yen boosted shares of exporters. In late-morning trades, the benchmark Nikkei 225 Index is up 78.31 points or 0.39 percent to 20,231.66, off a high of 20,250.10. The major exporters are mostly higher on a weaker yen. Panasonic is advancing more than 1 percent, while Sony and Canon are adding more than 0.7 percent each. Toshiba is losing almost 2 percent.
Major Averages Turning In Yet Another Mixed Performance - U.S. Commentary
After closing mixed for three consecutive sessions, stocks are once again turning in a mixed performance on Monday. While the Nasdaq is down 7.96 points or 0.1 percent at 6,257.29, the Dow is up 50.93 points or 0.2 percent at 21,445.69 and the S&P 500 is up 3.65 points or 0.2 percent at 2,441.95. Stocks continue to show a lack of direction as traders seem uncertain about the near-term outlook for the markets after the Dow and S&P 500 reached record highs last week.
Supreme Court Partially Lifts US Travel Ban Injunction
The U.S. Supreme Court has partially lifted an injunction against President Donald Trump's executive order banning immigration from six Muslim-majority countries. The White House had petitioned the U.S. Supreme Court to review lower court rulings blocking Trump's travel ban.
CAC 40 Rallies Led By Banks
French shares rallied on Monday, with banks pacing the gainers, after the Italian government unveiled plans to bailout two banks in the Venice region at a cost of 5.2bn euros. A rise in oil prices for a third straight session in a row and upbeat German business sentiment data also buoyed investor sentiment. The German Ifo business confidence index rose to 115.1 from 114.6 in May, suggesting that the pace of economic growth in Europe's largest economy will accelerate sharply in the months ahead.
Gainers & Losers Of June 26: AVEO, MBRX, SELB, NEOT, SGEN...
The following are some of the biotech stocks that made their way onto the Day's Gainers & Losers' list of June 26, 2017. News: The Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency, has recommended the Company's FOTIVDA for approval as a treatment for patients with advanced renal cell carcinoma.
Portola Pharmaceuticals Inc. (PTLA) Surged To A New High After FDA Approval
Portola Pharmaceuticals Inc. (PTLA) announced Friday afternoon that it has received FDA approval for its anticoagulant, Bevyxxa. Portola Pharmaceuticals was halted throughout the middle portion of Friday's session, but resumed trading sharply higher around 1:30PM. Shares finished with a gain of 17.81 at $56.06 with volume at a 10-month high. The stock surged to a new high for the year. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
China Stock Market Draws Flat Lead For Tuesday
The China stock market has finished higher in back-to-back sessions, gathering almost 40 points or 1.3 percent along the way. The Shanghai Composite Index now rests just above the 3,185-point plateau, although the rally may run out of steam on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit.
Asian Shares Inch Higher In Holiday-thinned Trade
Asian stocks rose on Monday even as trading volumes remained thin amid holidays in India, Indonesia, Malaysia and Singapore to celebrate the end of Ramadan.
Takata Files For Bankruptcy; To Sell Assets To Key Safety Systems For $1.6 Bln
Takata Corp., the Japanese manufacturer of faulty air bag inflators linked to the deaths of at least 16 people, has filed for bankruptcy protection in Tokyo and the US following billions of dollars in liabilities linked to a massive global recall. Takata also agreed to sell its global assets and operations to US auto parts maker Key Safety Systems, owned by China's Ningbo Joyson Electronic, for approximately 175 billion yen or $1.588 billion.
Bed Bath & Beyond (BBBY) Plunged To A New Low After Weak Q1 Report
Bed Bath & Beyond (BBBY) reported first quarter EPS of $0.53 after the bell Thursday, down from $0.80 a year ago. Analysts expected EPS of $0.66.Bed Bath & Beyond gapped open sharply lower Friday, but traded in a range for the bulk of the session. Shares finished with a loss of 4.09 at $29.65 on the highest volume of the year. The stock sank to a new low for the year. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Australian Dollar Advances On Rising Risk Appetite
The Australian dollar strengthened against other major currencies in the Asian session on Monday amid rising risk appetite, as investors awaited inflation figures this week from Europe and the U.S. With recent inflation data surprising to the downside, markets have been skeptical if the Fed will follow through with another rate increase this year. Crude oil delivery for August is currently up 0.46 percent or $43.47 per barrel.
Tech Shares May Drag South Korea Market Lower
The South Korea stock market has moved higher in three straight trading days, advancing more than 30 points or 1.3 percent along the way. Now at a fresh record closing high, the KOSPI now rests just beneath the 2,390-point plateau but now investors may cash in on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices.
Nobel Peace Prize Winner Liu Xiaobo Hospitalized For Terminal Cancer
Nobel Peace Prize Winner Liu Xiaobo has been hospitalized after developing late-stage liver cancer while in prison, reports said. His lawyer says after being diagnosed a month ago, the jail authorities moved the 61-year old human rights fighter to a hospital in the city of Shenyang in northern Liaoning Province, where he is currently receiving treatment.
White House Breaks Tradition Of Celebrating Ramadan With Iftar Dinner
The Donald Trump administration has broken decades-long White House tradition of celebrating Ramadan with Iftar dinner. The first presidential Iftar dinner, a meal on Eid al-Fitr, which marks the end of Ramadan, is said to have been hosted by Thomas Jefferson in 1805. The tradition was restarted in the modern era by Hillary Clinton, who hosted about 150 people for a reception when she was First Lady in 1996.
Stocks May Move To The Upside In Early Trading - U.S. Commentary
Stock futures have moved higher over the course of the morning on Monday following the lackluster performances seen to close out the previous week. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 65 points. New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department.
Wall Street Aims For An Upswing At Opening
Durable Goods Orders for May will be published this morning and the market is waiting for that to get a clue of the second quarter outlook. Initial trading at the U.S. Futures Index suggest that Wall Street might open higher. Asian shares closed broadly higher, while European shares are trading higher. As of 6.15 am ET, the Dow futures were climbing 66 points, the S&P 500 futures were gaining 5.75 points and the Nasdaq 100 futures were progressing 18.25 points. U.S. stocks closed mixed on Friday.
Major Averages Mixed As Traders Consider Near-Term Outlook - U.S. Commentary
Stocks continued to show a lack of direction as traders seemed uncertain about the near-term outlook for the markets after the Dow and S&P 500 reached record highs last week. While the Nasdaq fell 18.10 points or 0.3 percent to 6,247.15, the Dow edged up 14.79 points or 0.1 percent to 21,409.55 and the S&P 500 inched up 0.77 points or less than a tenth of a percent to 2,493.07.
M/A-COM Technology Solutions (MTSI) Has Broken Out To A New High For The Year
M/A-COM Technology Solutions (MTSI) gapped open higher Monday morning and has continued to rise in early trade. Shares are now up 3.79 at $62.05. M/A-COM Technology Solutions has broken out of a month and a half long trading range and has set a new high for the year. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Profit Taking Likely For Taiwan Bourse
The Taiwan stock market bounced higher again on Monday, one session after it had snapped the six-day winning streak in which it had surged more than 300 points or 3.1 percent. Now at a fresh 27-year closing high, the Taiwan Stock Exchange now rests just above the 10,510-point plateau, although investors figure to cash in on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices.
Neothetics Inc. (NEOT) Is Sinking After Phase 2 Study Failed
Neothetics Inc. (NEOT) announced Monday morning that its Phase 2 trial of LIPO-202-CL-31 did not show improvement on any efficacy measurements compared to placebo. Neothetics gapped open sharply lower this morning and is now down 1.65 at $0.67. The stock plunged to a new low for the year. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Sysco Corp. (SYY) Dropped To Over A 4-Month Low On Amazon Worries
Foodservice distributor Sysco Corp. (SYY) was under pressure Friday after a JPMorgan analyst stated in a research note that Amazon (AMZN) may look to enter the space following its recent acquisition of Whole Foods. Sysco gapped open lower Friday and declined until mid-morning. The stock finished with a loss of 2.86 at $49.92 with volume at a 7 1/2 month high. Sysco has been falling for the past week and dropped to its lowest level since early February.
Home Depot Inc. (HD) Fell To A 2-Month Low
Home Depot Inc. (HD) declined for the majority of Friday's session and finished with a loss of 4.17 at $151.31 with volume at over a 7-month high.Home Depot slipped beneath a trading range at the highs of the year and set a 2-month low. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
Synchronoss Technologies Inc. (SNCR) Jumped On Takeover Interest
Private-equity firm Siris Capital Group sent a letter to Synchronoss Technologies Inc. (SNCR) indicating it could be in a position to acquire the mobile technologies company for $18 per share.Synchronoss Technologies gapped open sharply higher Friday, but was range-bound throughout the session. Shares finished with a gain of 4.06 at $16.24 on strong volume. The stock jumped to a month and a half high and re-crossed its 50-day moving average.
Steady Start Tipped For Thai Stock Market
The win streak has hit three sessions for the Thai stock market, which has gathered almost 10 points or 0.6 percent in that span. The Stock Exchange of Thailand now rests just above the 1,585-point plateau and it is expected to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices.
Singapore Stock Market Likely Rangebound On Tuesday
Ahead of Monday's holiday for Eid-ul-Fitr, the Singapore stock market has turned lower again - one session after it had ended the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits Times Index now rests just beneath the 3,210-point plateau and it figures to hold steady on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices.
U.S. Durable Goods Orders Drop 1.1% In May, More Than Expected
New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Economists had expected orders to drop by 0.6 percent.
UK Growth To Remain Anaemic: BCC
The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global growth outlook. Moreover, lower sterling is likely to boost short-term export activity this year, the lobby said. For the second quarter of 2017, the BCC projected 0.4 percent growth.
Avis Budget Group (CAR) Is Accelerating To The Upside
Avis Budget Group (CAR) has been rising steadily since the open of trade Monday and is now up 3.41 at $27.65. Trading volume has begun to accelerate in the last few minutes.Avis Budget Group has jumped to a month and a half high and has re-crossed its 50-day moving average. by RTT Staff WriterFor comments and feedback: editorial@rttnews.comBusiness News
IPO Watch: Alibaba's Best Bet
Best Inc., a 23.4 percent owned by e-commerce major Alibaba Group, filed for Initial Public Offering in the U.S. According to the filing, Best expects to offer $750 million american depository shares. The smart supply chain was started in 2007 to provide innovative and integrated solution to its ecosystem participants.
European Shares Seen Mixed At Open
European stocks may open on a mixed note on Monday despite firm cues from Asian markets. Oil prices rose more than 1 percent on short-covering while the dollar weakened due to low U.S. Treasury yields amid bets the U.S. Federal Reserve is unlikely to raise interest rates again later this year. Other commodities also stabilized after a turbulent week, while gold held flat ahead of a slew of key U.S. economic data due this week as well as a speech from Federal Reserve Chair Janet Yellen.
German Ifo Business Confidence At Record High
German business confidence strengthened to a record high in June, breaking last month's record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 114.6 in May, survey data from the Munich-based Ifo institute showed Monday. The score reached its highest level on record since 1991.
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