Midway through trading Tuesday, the Dow traded down 0.13 percent to 24,258.53 while the NASDAQ climbed 0.56 percent to 6,813.36. The S&P also rose, gaining 0.10 percent to 2,642.13.
Leading and Lagging Sectors
On Tuesday, the information technology sector proved to be a source of strength for the market. Leading the sector was strength from Daqo New Energy Corp. (NYSE: DQ) and Ceragon Networks Ltd. (NASDAQ: CRNT).
In trading on Tuesday, utilities shares fell 1.11 percent.
Top Headline
Toll Brothers, Inc. (NYSE: TOL) reported downbeat results for its fourth quarter.
Toll Brothers posted quarterly earnings of $1.17 per share on revenue of $2.03 billion. However, analysts expected earnings of $1.19 per share on revenue of $2.08 billion.
Equities Trading UP
Revance Therapeutics, Inc. (NASDAQ: RVNC) shares shot up 35 percent to $35.10 after the company disclosed that its RT002 met primary and all secondary endpoints.
Shares of Moleculin Biotech, Inc. (NASDAQ: MBRX) got a boost, shooting up 14 percent to $2.07 after the company disclosed that its WP1066 drug has received the FDA brain tumor IND clearance.
good investment stocks: Envision Healthcare Holdings, Inc.(EVHC)
Advisors’ Opinion:
- [By Paul Ausick]
Envision Healthcare Corp. (NYSE: EVHC) dropped about 9.3% Tuesday to post a new 52-week low of $43.22 after closing Monday at $47.67. The 52-week high is $74.75. Volume of around 10 million shares traded was about six times the daily average. The company had no specific news.
- [By Lisa Levin]
Envision Healthcare Holdings Inc (NYSE: EVHC) shares shot up 211 percent to $70.15. Envision Healthcare and Amsurg Corp (NASDAQ: AMSG) reported the completion of their merger.
- [By Ben Levisohn]
Even on a day like today, somebody had to be the worst performer in the S&P 500, and today that somebody is Envision Healthcare (EVHC), which missed earnings forecasts last night.
good investment stocks: CYREN Ltd.(CYRN)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Cyren Ltd (NASDAQ: CYRN) got a boost, shooting up 41 percent to $2.33 after the company reported a strategic investment from Warburg Pincus Funds.
- [By Lisa Levin] Companies Reporting Before The Bell
Tyson Foods, Inc. (NYSE: TSN) is expected to report quarterly earnings at $1.38 per share on revenue of $9.86 billion.
Aecom (NYSE: ACM) is projected to report quarterly earnings at $0.71 per share on revenue of $4.67 billion.
JD.Com Inc(ADR) (NASDAQ: JD) is estimated to report quarterly earnings at $0.11 per share on revenue of $12.60 billion.
58.com Inc (ADR) (NYSE: WUBA) is projected to report quarterly earnings at $0.28 per share on revenue of $383.60 million.
Kamada Ltd (NASDAQ: KMDA) is expected to report quarterly earnings at $0.02 per share on revenue of $25.00 million.
Palatin Technologies, Inc. (NYSE: PTN) is projected to report quarterly earnings at $0.06 per share on revenue of $28.00 million.
TheStreet, Inc. (NASDAQ: TST) is estimated to report a quarterly loss at $0.02 per share on revenue of $15.81 million.
Atlantica Yield PLC (NASDAQ: ABY) is projected to report quarterly earnings at $0.45 per share on revenue of $290.80 million.
Asure Software Inc (NASDAQ: ASUR) is estimated to report quarterly earnings at $0.15 per share on revenue of $15.26 million.
Cyren Ltd (NASDAQ: CYRN) is expected to report quarterly loss at $0.06 per share on revenue of $7.90 million.
Viewray Inc (NASDAQ: VRAY) is estimated to report quarterly loss at $0.12 per share on revenue of $18.58 million.
good investment stocks: DXP Enterprises Inc.(DXPE)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of DXP Enterprises Inc (NASDAQ: DXPE) were down 17 percent to $24.00. DXP Enterprises reported preliminary revenue of $228 million to $231 million for the third quarter.
- [By Lisa Levin]
Shares of DXP Enterprises Inc (NASDAQ: DXPE) got a boost, shooting up 22 percent to $40.27 after the company posted upbeat quarterly results.
Nature's Sunshine Prod. (NASDAQ: NATR) shares were also up, gaining 28 percent to $11.35 as the company disclosed that it has received its direct selling license in China.
good investment stocks: Molson Coors Brewing Company(TAP)
Advisors’ Opinion:
- [By Seth McNew]
It isn’t the only beer company facing hardships now, and in fact, it’s still growing faster than its largest competitors — Sam Adams parent Boston Beer (NYSE:SAM) and Molson Coors Brewing (NYSE:TAP). Boston Beer’s total sales fell 5.4% in 2016, year over year, and Molson Coors’ sales were down 2.3%.
- [By Jayson Derrick]
The Canadian beer market, much like the American beer market, is seeing a growth in craft products at the expense of established players. And one of the biggest established beer makers in Canada is Molson Coors Brewing Co (NYSE: TAP), Bereneberg’s Javier Gonzalez Lastra and Matt Reid commented in an initiation note.
- [By Mark Fritz]
Price Target: 116 euros.
Molson Coors Brewing Co (NYSE: TAP): Sell.
Price Target: $78.Boston Beer Company Inc (NYSE: SAM): Sell.
Price Target: $124.
good investment stocks: Open Text Corporation(OTEX)
Advisors’ Opinion:
- [By WWW.MONEYSHOW.COM]
One split announcement came from OpenText Inc. (OTEX) — a stock we had already added to our portfolio back in July, 2014; it has since done very well.
good investment stocks: Macquarie Infrastructure Company(MIC)
Advisors’ Opinion:
- [By Paul Ausick]
Macquarie Infrastructure Corp. (NYSE: MIC) fell nearly 42% Thursday to post a new 52-week low of $37.06 after closing at $63.62 on Wednesday. The 52-week high is $81.74. Volume of about 24 million was nearly 30 times the daily average. The company chopped its dividend by about 28% to $4 a year. There’s no better way to make investors flee.