Stocks May See Further Downside In Early Trading – U.S. Commentary – NASDAQ.com
Utilities were the only sector to rise as investors sought out low-risk stocks that pay high dividends. AbbVie fell 3 percent after the company raised its offer to buy a rival drugmaker, Shire. Major U.S. companies start to report their earnings this week. Bond prices rose.
economy. The reports begin in earnest when Alcoa reports its quarterly results after the U.S. stock market closes Tuesday. Wells Fargo, the No. 1 home mortgage lender in the U.S., reports Friday.
Ford and Zogenix are big market movers – Yahoo News
Riley upgraded its rating on the daily-deals site to Buy from Neutral. Semiconductor equipment maker KLA-Tencor ( KLAC ) could also see early strength after raising its quarterly dividend by $0.05 to $0.50 per share and announcing a $1 billion stock buyback. On the other hand, shares of The Fresh Market (TFM) may come under pressure after Goldman Sachs downgraded its rating on the organic grocer to Sell from Neutral. While trading activity was somewhat subdued following the long holiday weekend, stocks moved mostly lower during trading on Monday. The losses on the day partly offset the strong performance that was shown by the markets last week.
Abnormal Volume Stocks To Watch On Tuesday – Forbes
In the prior session, CBSO traded 16.66 million shares, versus normal volume of approximately 1.34 million. CBS is offering to exchange shares of CBS Outdoor Americas that are owned by CBS for outstanding shares of CBS Class B http://www.todayhotstocks.com common stock. The exchange offer will expire at 12:00 midnight, NYC time, on July 9, 2014, unless the offer is extended or terminated. S&P DJI will not add the split-off company to any S&P 1500 index at the completion of the transaction.
Stocks fall for second day before earnings reports – Yahoo News
Nasdaq Zogenix Inc., down 27 cents to $1.86 The FDA granted priority review for a tamper-resistant painkiller from Purdue Pharma, a threat to the drugmaker’s Zohydro pill. Groupon Inc., down 17 cents to $6.28 Analysts with B. Riley issue an upgrade for the online coupon company, seeing easier comparisons to last year and fatter margins. Shire, down $4.47 to $233.00 U.S.