US stock market news - NYSE, NASDAQ on 21.06.2017

● Litecoin capitalization exceeded $2 billion

● Sangamo Therapeutics Inc share price. (NASDAQ: SGMO) fell at the premarket on Wednesday at 11,5% after that, how a gene therapy developer conducted an ordinary share placement substantially below the last closing price.

● Red Hat Inc. (NYSE: RHT) announced a profit in the first quarter of $73 million (40 cents per share) compared to $61 million (33 cents per share) a year earlier.

● Winnebago Industries Inc. (NYSE: WGO) announced the receipt in the III quarter of profit in the amount of $19 million (61 cent per share) compared to $14 million (53 cents per share) a year earlier.

● Acting Corp.. (NYSE: ATU) announced the receipt in the III quarter of profit in the amount of $23 million (37 cents per share) compared to $21 million (36 cents per share) a year earlier.

● President of the Federal Reserve Bank of Chicago Charles Evans said on Tuesday, what FED США может поднять процентные ставки в следующий раз только в декабре. But, According to him, before that, the central bank can begin to reduce the size of its balance

● Chinese conglomerate Cosco is close to buying the carrier Orient Overseas for about $4 billion

● Ford Motor now plans to produce Focus models for the US market outside of Mexico, and in China. The automaker aims to cut costs, despite a call from the Trump administration to maintain U.S. production

● The appointment of Mohammad ibn Salman as Crown Prince of Saudi Arabia removes almost all doubts about, that the IPO of the oil giant Saudi Aramco will take place

● Total on Tuesday promised to invest in summer $1 billion in a giant gas field in Iran. She was the first Western company to take such a step after the lifting of sanctions against the country.

● The US shale boom has an unexpected effect. New giant horizontal oil wells sometimes bump into existing vertical ones. Поэтому производителям сланцевой нефти приходится судиться с другими нефтяниками

● Investors hoped, that Trump's election victory will increase volatility in stock markets. Instead, the markets became even calmer.

● Chris Lattner, who led the development of self-driving cars at Tesla and moved there from Apple just this year, left the company

● SoftBank invests $100 million to Boston startup Cybereason, cybersecurity. It is now estimated to be around $1 billion

● Fashion retailer TJX succeeds, despite the crisis in the retail sector. Unlike competitors, he is not trying to go online, but just trying to create a special atmosphere in their stores, encouraging people to shop

Way down
Reaction to earnings/guidance:

• FDX -0.9%

Select Nike related names showing weakness after Goldman note suggested NKE may be close to a direct relationship with Amazon (AMZN):

• FL -4.5%, HIBB -4.0%, FINL -3.9%, DKS -3.0%.

Select Argentina stocks trading lower following MSCI news to delay decision on reclassification of MSCI Argentina Index:

• EDN -10%, YPF -8.8%, PAM -6.9%, CRESY -6.5%, GGAL -5.8%, TEO -5.5%, BMA -4.4%, BFR -2.1%, TGS -1.5%, .

Other news

• SGMO -9.1% (commences underwritten public offering of shares of its common stock)
• METHOD -3.3% (completes prespecified interim conditional power analysis of its adaptive Phase 3 trial of I.V. CR845)
• CLNT -1.4% (announces private placement at $3.00/share)
• AVXS -1.2% (prices 3.575 mln shares of common stock for gross proceeds of 234.5 mln)
• TDOC -1.1% (to offer $200 million aggregate principal amount of Convertible Senior Notes due 2022 in a private offering)

Analyst Comments:

• CYOU -1.5% (downgraded to Underperform at Mizuho)
• TGT -0.6% (downgraded to Neutral from Buy at Citigroup )
• CVX -0.6% (downgraded to Neutral from Outperform at Macquarie)

Up
Reaction to earnings/guidance:

• GIGA +17%, (also announces executive leadership changes and Board’s review of strategic alternatives), LZB +14.1%, (also increases share purchase authorization), RHT +10.1%, KMX +7.7%, WGO +4.1%, ADBE +3.4%, KFY +1.4%

• THAT +11.5% (CA Tech indicated higher on reports that the company and BMC Software are in M&A related talks)

Other news

• MBRX +42.4% (details the discovery of a metabolic inhibitor with the potential to treat pancreatic cancer)
• DCTH +28.2% (continued volatility in pre-mkt)
• UNXL +23.9% (signed an agreement for joint development of UniPixel’s touch sensor technology for subsidiary of Foxconn)
• INWK +17.7% (in sympathy with CA)
• GLNG +7.8% (Golar LNG and Delfin Midstream sign Joint Development Agreement to develop the Delfin LNG project)
• AMD +6.4% (in sympathy with CA)
• VCEL +5.6% (initiated with Buy and $6 tgt at BTIG)
• PSTI +1.5% (disclosed that the previously announced proposed investment plan of $30,000,000 by Innova was terminated )
• NVO +1.2% (confirms received positive vote from FDA Advisory Committee for Victoza; regulatory feedback in the US is expected in Q3 2017)
• AVGO +1.2% (in sympathy with CA)
• MDR +1% (will replace Medidata in S&P SmallCap 600)
• SHPG +0.9% (receives FDA approval for Mydayis)

Analyst Comments:

• NKE +1.4% (Goldman note suggesting co may be close to a direct relationship with Amazon (AMZN))
• PYPL +1.2% (upgraded to Overweight from Sector Weight at Pacific Crest)

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