|Day's Range||2,831.44 - 2,850.49|
|52 Week Range||2,417.35 - 2,872.87|
The Dow pops for its best day in 4 months
U.S. stock index futures pointed to a lower opening on Friday as weak forecasts from Applied Materials and Nvidia weighed on the shares of chipmakers and Turkey's battered currency slipped further. Shares ...
Shares of Nvidia dropped 2.3 percent in premarket trading after the chipmaker said cryptocurrency-fueled demand had dried up and forecast current-quarter sales below Wall Street estimates. Applied Materials slid 4.2 percent after the world's largest supplier of chip equipment forecast current-quarter results below estimates, adding to fears that a two-year chip boom may be losing steam. Dutch chip equipment maker ASML's U.S.-listed shares dropped 1.3 percent, while Lam Research fell 1.9 percent.
Sandberg certainly has had a tough year at Facebook along with Mark Zuckerberg. Given her tenure at the social media giant, it could be time to wave goodbye and take on the role of turning Tesla into a real company.
U.S. stock-index futures are set to sag on Friday, suggesting the equity market could take a breather following a rally in the previous session, as the Turkish lira resumed a slide against the U.S. dollar.
Shares of Zion Oil & Gas Inc. (zn) took a 41% dive toward a 14-month low, to pace all premarket decliners, after the oil and gas exploration company said it found oil with its Megiddo-Jezreel #1 well in Israel, but said additional testing will be required to know whether there is producible oil in commercial quantities. The company said testing of the well has taken longer than expected, and results so far "are inconclusive" as to whether the well will establish natural flow and what the volumetric contribution of oil and water will be.
Shares of Dean Foods Co. (df) plunged 7.9% toward a seven-year low in premarket trade Friday, after J.P. Morgan turned bearish on the food and beverage company, citing no less than 10 reasons, including concerns over higher costs, eroding demand and competition for its milk business. Analyst Ken Goldman cut his rating to underweight, after being at neutral since Aug. 8, 2017.
Zoe's Kitchen Inc. (zoes) said Friday it has agreed to be bought out by privately held Cava Group Inc. in a deal with an enterprise value of about $300 million. The fast-casual restaurant chain with 261 outlets in the U.S., said shareholders will receive $12.75 in cash for each share owned, equal to a 33% premium over the company's 30-day volume weighted average price ending Aug. 16. Cava Group is a Mediterranean culinary brand with 66 restaurants.
Can America Be Great Again without a Strong Auto Industry? In 2017, the biggest challenge for automakers was to generate more sales and keep their profitability intact at a time when US auto sales were softening. In the last few years, US passenger car sales have gone down significantly, while stronger truck sales have kept automakers’ hopes alive.
The question that some investor have been asking all year is whether the market in the late stage of the economic cycle..
during the previous session after China and the U.S. agreed to hold trade talks next week and Walmart Inc. The meeting between China and the U.S. will take place next week as the world's two largest economies ready tariffs on billions of dollars of each other's goods on Aug. 23, on top of those already levied on July 6. posted fiscal third-quarter revenue of $10.31 billion, up 32% from a year earlier and above forecasts of $10.22 billion, but sales growth guidance for fiscal 2018 came in below Wall Street forecasts.
Briggs & Stratton Corp. (bgg) said Friday it plans to consolidate a number of smaller existing warehouses across the U.S. into two large warehouses in Germantown, Wis. and Auburn, Ala. Both facilities are expected to be operational in the spring of 2019. The producer of gasoline engines for outdoor power equipment said it doesn't expect significant staffing changes in Wisconsin, given the consolidation of smaller local facilities, while the Auburn facility is expected to create about 20 new jobs.
The Zacks Analyst Blog Highlights: BG Staffing, First Community, City Office, America's Car-Mart and Hallmark Financial