Stocks couldn't shake off early losses and all three major indexes ended lower on Thursday.
Bloomberg NewsThe Dow Jones Industrial Average lost 210.79 points, or 1.17%, to 17830.76. The S&P 500 Index fell 19.34 points, or 0.92%, to 2075.81. The Nasdaq slid 57.85 points, or 1.19%, to 4805.29.
Blue chips were dragged down by Apple (AAPL): Just days after its disappointing earnings, billionaire Carl Icahn said he no longer has a stake in the stock.
From a data standpoint, First quarter gross domestic product grew 0.5%, below economists' expectations, overshadowing an upbeat jobs report that saw unemployment fall to a four-decade low.
Stifel's Lindsey Piegza writes that this could push out any interest rate hikes:
From a policy standpoint, should the U.S. economy post meaningful improvement between now and June, assuming the Fed's concerns surrounding international "risks" are not reignited, policy makers appear well positioned to announce the second rate hike in less than two months' time. Of course, following this morning's disappointing GDP report, it's difficult to imagine a marked improvement in the economy over the next two months. More likely, the combination of stagnant economic conditions, a still-restrained consumer, and ongoing concerns regarding risks of contagion from developments abroad – whether directly identified in the statement or not – will make it increasingly difficult for the Fed to raise rates once in the remaining nine months of 2016, if at all.
Top 5 Blue Chip Stocks To Own For 2019: Saratoga Investment Corp(SAR)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Saratoga Investment (SAR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Shares of Saratoga Investment Corp (NYSE:SAR) reached a new 52-week high and low on Friday after an insider bought additional shares in the company. The stock traded as low as $22.95 and last traded at $22.85, with a volume of 650 shares. The stock had previously closed at $22.70.
- [By Logan Wallace]
ValuEngine downgraded shares of Saratoga Investment (NYSE:SAR) from a buy rating to a hold rating in a research report released on Wednesday.
A number of other analysts have also issued reports on the stock. National Securities reiterated a neutral rating and set a $24.00 price target (up from $23.00) on shares of Saratoga Investment in a research note on Friday, January 12th. Zacks Investment Research lowered shares of Saratoga Investment from a hold rating to a sell rating in a research note on Friday, March 2nd. Finally, B. Riley initiated coverage on shares of Saratoga Investment in a research note on Tuesday, March 27th. They set a buy rating and a $23.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Saratoga Investment presently has a consensus rating of Buy and an average price target of $24.38.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Saratoga Investment (SAR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Headlines about Saratoga Investment (NYSE:SAR) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Saratoga Investment earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.4912059514825 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
- [By Shane Hupp]
Media stories about Saratoga Investment (NYSE:SAR) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Saratoga Investment earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.7589775169552 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Top 5 Blue Chip Stocks To Own For 2019: CVD Equipment Corporation(CVV)
Advisors' Opinion:- [By Shane Hupp]
News coverage about CVD Equipment (NASDAQ:CVV) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CVD Equipment earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.2607770405573 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
- [By Ethan Ryder]
News headlines about CVD Equipment (NASDAQ:CVV) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CVD Equipment earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.7103888113407 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Top 5 Blue Chip Stocks To Own For 2019: James River Group Holdings, Ltd.(JRVR)
Advisors' Opinion:- [By Shane Hupp]
James River Group (NASDAQ: JRVR) and Cincinnati Financial (NASDAQ:CINF) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, dividends, analyst recommendations, profitability, earnings and valuation.
- [By Joseph Griffin]
James River Group (NASDAQ:JRVR) and Conifer (NASDAQ:CNFR) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, earnings, profitability, analyst recommendations, risk, institutional ownership and dividends.
- [By Logan Wallace]
James River Group (NASDAQ:JRVR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.
Top 5 Blue Chip Stocks To Own For 2019: SORL Auto Parts Inc.(SORL)
Advisors' Opinion:- [By Max Byerly]
Shares of Sorl Auto Parts, Inc. (NASDAQ:SORL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.75 and last traded at $3.81, with a volume of 6029 shares trading hands. The stock had previously closed at $4.15.
- [By Lisa Levin]
Shares of SORL Auto Parts, Inc. (NASDAQ: SORL) got a boost, shooting up 13 percent to $5.90 after reporting upbeat Q1 results.
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) shares were also up, gaining 24 percent to $27.3947 following Q3 results.
- [By Shane Hupp]
Sorl Auto Parts (NASDAQ:SORL) was upgraded by analysts at ValuEngine from a strong sell rating to a sell rating.
Strattec Security (NASDAQ:STRT) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.
- [By Max Byerly]
SORL Auto Parts (NASDAQ: SORL) and Modine Manufacturing (NYSE:MOD) are both small-cap auto/tires/trucks companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, profitability, dividends, institutional ownership, valuation, analyst recommendations and risk.
- [By Lisa Levin] Gainers Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares rose 14.1 percent to $3.65 in the pre-market trading session after reporting 2017 year-end results. LightPath Technologies, Inc. (NASDAQ: LPTH) rose 13.3 percent to $2.43 in pre-market trading after reporting a third-quarter earnings beat. MYnd Analytics, Inc. (NASDAQ: MYND) rose 10.5 percent to $3.49 in pre-market trading. MYnd Analytics reported a Q2 net loss of $2.7 million on revenue of $459,900. SORL Auto Parts, Inc. (NASDAQ: SORL) shares rose 8.4 percent to $5.68 in pre-market trading after reporting upbeat Q1 results. Famous Dave's of America, Inc. (NASDAQ: DAVE) shares rose 7.7 percent to $8.40 in pre-market trading after the company reported upbeat earnings for its first quarter on Monday. Xenon Pharmaceuticals Inc. (NASDAQ: XENE) rose 7.5 percent to $6.45 in pre-market trading after the company presented XEN901 Phase 1 clinical update and XEN1101 TMS pharmacodynamic Phase 1 data. Mimecast Ltd (NASDAQ: MIME) rose 6.5 percent to $43.50 in pre-market trading following a first-quarter sales beat. Boxlight Corporation (NASDAQ: BOXL) rose 6 percent to $12.50 in pre-market trading after surging 77.44 percent on Monday. Intellia Therapeutics, Inc. (NASDAQ: NTLA) shares rose 6 percent to $26.05 in pre-market trading after climbing 3.58 percent on Monday. PPDAI Group Inc. (NASDAQ: PPDF) rose 4.7 percent to $7.20 in pre-market trading following Q1 results. Xunlei Limited (NASDAQ: XNET) rose 4.1 percent to $13.88 in pre-market trading after gaining 2.54 percent on Monday. Valeant Pharmaceuticals International, Inc. (NYSE: VRX) shares rose 4.5 percent to $21.73 in pre-market trading. Mizuho upgraded Valeant from Neutral to Buy. Bovie Medical Corporation (NYSE: BVX) rose 4.1 percent to $3.80 in pre-market trading after reporting a first-quarter sales beat. Myomo, Inc. (NYSE: MYO) rose 3.4 percent to $4.00 in pre-market trading after jumping 23.25 percent o
Top 5 Blue Chip Stocks To Own For 2019: PS Business Parks Inc.(PSB)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on PS Business Parks (PSB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
PS Business Parks (NYSE: PSB) and Apollo Commercial Real Est. Finance (NYSE:ARI) are both mid-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, valuation, dividends, institutional ownership, profitability, earnings and risk.
No comments:
Post a Comment