US stock market news - NYSE, NASDAQ on 16.06.2017

 

● The Central Bank of Russia on Friday cut its key interest rate by 25 basis points to 9%

Federal Reserve System USA (FED) adheres to a plan to raise interest rates, despite low inflation. Therefore, investors are worried, что возможная ошибка ФРС помешает росту экономики
● The day after, how the US Federal Reserve raised interest rates, China has actually softened its monetary policy. This testifies, that Beijing is now more concerned about the stability of its financial system, and not capital outflow from the country
● De Beers launches largest diamond prospecting vessel. Its length 113 m, and it will look for diamonds off the coast of Namibia

● Mining company BHP Billiton has chosen Ken Mackenzie as its new chairman of the board of directors. However, he entered the board of directors of the company only in September., and before that he was the head of Amcor
● Solar and wind energy will provide a third of the world's electricity by 2040 G., predicted by Bloomberg New Energy Finance. This far exceeds the forecasts of the oil companies.
Quantum funds, investing with sophisticated statistical models, show disappointing results compared to more traditional investments.
● New York Stock Exchange (NYSE) And Nasdaq criticized rival Bats plan, offering to change the process of trading stocks just before the close of the trading session. They called it dangerous for investors. The offer will allow traders to trade stocks, without paying NYSE and Nasdaq fees
● The US Department of Justice reviews, whether Barclays violated antitrust laws, пообещав конкуренту JPMorgan Chase больше не переманивать его банкиров
Google грозит штраф более 1 billion in the EU. Expected, that in the coming weeks the European Commission will announce, that the company took advantage of its dominance in the search market
● Snap promised employers, that their ads will only appear with content, supervised by people. But now it limits her ability to increase ad revenues.
● Nestle plans to sell its American confectionery business amid changing consumer preferences. But she will remain represented on it by the global brands Kit Kat and Nesquik.
● Kroger shares, the largest supermarket chain in the USA, collapsed on 19% on Thursday after, how she worsened her prognosis. Ритейлеры в США сейчас испытывают проблемы из-за высокой конкуренции и снижения цен на продовольствие
● Nike will cut about 1400 human, or 2% employees, amid slowing sales growth. The company also intends to sell more products online., to directly interact with consumers
● Nike Inc stock rating. (NKE) was demoted to J.P. Morgan Friday, on concerns about a slowdown in sales in North America.
● W.P. Carey Inc. (WPC) announced on Friday that it had raised its quarterly dividend by 0,5% to $1,00 ya share. The new dividend will be payable 14 July with the closure of the register of shareholders 30 June.
● Credit Suisse upgrades Kansas City Southern stock (NYSE: KSU) from neutral to “above the market” and target price up to $116 from $90.
● Chinese Internet giant Alibaba and Japanese telecoms Softbank Group intend to invest $1,5 billion in startup Grab, which will compete with Uber in Southeast Asia, agency reported Bloomberg.
● Bitcoin has recently approached the threshold of value in $3 thousand, but over the last week cryptocurrency is experiencing the biggest drop since 2015 – on 18,5% to $2,317, according to WSJ Market Data Group.
● Russia increased the volume of investments in US securities in April by $22,4 billion compared to the same period last year, total volume increased to $104,9 billion, reports TASS with reference to the report of the US Treasury.
● Snap shares are down 3,4% and was dangerously close to falling below the original price of the March IPO, which underlines the loss of investor confidence in the company's bright future. Especially in the face of fierce competition from Facebook.

Gapping down
Earnings / guidance response
:

  • STLD -0.5%
  CME

Other news:

  • IDXG -30.1% (filing a Form EFFECT (Notice of Effectiveness) for an S-1)
  • BAH -12% (under pressure on DoJ investigation disclosure)
  • OAKS -4.5% (prices an underwritten public offering of 4,000,000 shares of its Common Stock at $4.60/share)
  • MOSY -3.3% (modestly pulling back)
  • SBBX -1.4% (commences approx. $25 mln common stock offering)
  • HGV -1.1% (Reuters reporting among companies previously in contact for ILG merger)

Analyst Comments:

  • CALM -5.4% (downgraded to Sell from Neutral at Goldman)
  • NKE -1.9% (downgraded to Neutral from Overweight at JP Morgan)
  • KR -1.8% (downgraded to Neutral from Overweight at JP Morgan; downgraded to Neutral from Buy at Goldman)
  • SQ -1.5% (downgraded to Neutral from Outperform at Credit Suisse)

Gapping up
Earnings / guidance response
:

  • FNSR +8%

Select FNSR peers/related names showing strength:

  • VIAV +2.3%, ACIA +3%, LITE +2.4%, OCLR +1.7%, NPTN +1.7%, INFN +1.7%, PRICE +1.5%

Other news

  • CLSN +87.8% (files to withdraw registration statement on Form S-1 –was down 25% yesterday after the company filed amended S-1 )
  • WITH +19.3% (has refinanced existing $200 mln senior secured revolving credit facility with a new first-lien delayed-draw credit facility for up to $300 mln of term loans)
  • Vocational School +17.2% (after closing up more than 30% on the day)
  • AUPH +5.1% (presents new duration of remission data from its global Phase IIB AURA-LV study in lupus nephritis)
  • ADMP +3.4% (FDA has approved Symjepi)
  • TEVA +1.9% (upgraded to Neutral from Underperform after the close at Mizuho)
  • AMD +1.6% (selected by the Department of Energy’s Exascale Computing Project to accelerate critical computing technology research for the development of the nation’s first exascale supercomputers)
  • BHP +0.8% (elects Ken MacKenzie as Chairman)
  • GILD +0.7% (granted orphan designation by the FDA for entospletinib for the treatment of acute myeloid leukemia)
  The Money Cow Index Outperformed the S&P 500 for the latest 12 Months

Analyst Comments:

  • VRX +3.9% (initiated with Overweight at Cantor Fitzgerald)
  • WDC +1.6% (initiated with a Outperform at Evercore ISI)
  • TEVA +1.1% (upgraded to Buy from Neutral at Mizuho)
  • SHPG +1% (initiated with Overweight at Cantor Fitzgerald)
  • AVGO +0.8% (resumed with a Strong Buy at Raymond James)
  • MCHP +0.6% (initiated with a Outperform at Raymond James)

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