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U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0793
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2636
    +0.0014 (+0.11%)
     
  • USD/JPY

    151.2140
    -0.1580 (-0.10%)
     
  • Bitcoin USD

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  • FTSE 100

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  • Nikkei 225

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    +201.37 (+0.50%)
     

Monday Morning Market Highlights

US markets

U.S. stocks were mostly in the red on Monday. The Dow Jones Industrial Average fell 0.12% to 25,849, the S&P 500 index lost 0.01% to 3,097 and the Nasdaq Composite Index was up 0.26% to 9,972.

Gainers

o The Gap, Inc. (NYSE:GPS) +7.9%

o Newmont Corporation (NYSE:NEM) +4.6%


o Nordstrom, Inc. (NYSE:JWN) +2.9%

o CarMax, Inc. (NYSE:KMX) 2.3%

Losers

o Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) -3.9%

o Wynn Resorts, Limited (NASDAQ:WYNN) -3.5%

o Host Hotels & Resorts, Inc. (NYSE:HST) -3.8%

o H&R Block, Inc. (NYSE:HRB) -3.4%

Global markets

The main European stock markets traded in the red.The UK's FTSE 100 fell 0.63%, France's CAC 40 retreated 0.95%, Germany's Dax was down 0.96% and Spain's Ibex 35 lost 1.38%.

In Asia, Japan's Nikkei 225 slid 0.18%, India's BSE Sensex gained 0.52%, Hong Kong's Hang Seng dipped 0.54% and China's Shanghai Composite was down 0.08%.

Ennis releases earnings report

Shares of Ennis, Inc. (NYSE:EBF) gained almost 1% on Monday morning after the company announced its first-quarter results. The company posted earnings per share of 16 cents, beating analysts' estimates by 4 cents. Revenue of $89 million declined 17.6% year-over-year and beat expectations by $580,000.

The manufacturer of business forms and other business products is headquartered in Midlothian, Texas.

CEO Keith Walters had the following to say:


"While our first quarter was significantly impacted by the COVID-19 pandemic, it was within our expectations... As such, we saw extreme weakness in our transactional forms sales for the quarter given a countrywide lockdown that virtually stopped the country's economic engine. However, certain sectors of the economy did not experience a downturn, resulting in sales in several of our specialty products remaining flat which helped flatten the downward curve in our total sales. ...We believe the cost cutting measures we are implementing will not impact our ability to service increased volume when the economy improves...With the Federal Reserve currently forecasting no rise in interest rates till 2023, dividend paying stocks may be one of few choices for yield seeking investors."



The gross profit margin reached $23.9 million, or 26.9%, down from $32.7 million (30.3%) for the comparable period of last year.

The Board of Directors declared a quarterly cash dividend of 22.5 cents per share. The dividend yield is 5.24% at current price.

Chuck Royce (Trades, Portfolio) cut his holding in the company by 3% to 1,099,685 shares. Jim Simons' Renaissance Technologies added 3% for a total of 1,910,982 shares, while Pioneer Investments (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) sold out of the stock.

Disclosure: The author holds no positions in any stocks mentioned.

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This article first appeared on GuruFocus.


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