July 7, 2017: Markets opened slightly higher Friday buoyed by a better-than-expected jobs report. The tech and consumer discretionary sectors led the gainers while the energy and telecom sectors were the laggards. WTI crude oil for August delivery settled at $44.23 a barrel, down 2.8% on the day and down 3.9% for the week following another increase in the oil and gas rig counts. August gold dropped 1.1% on the day to settle at $1,209.70, down about 2.6% for the week. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.46% for the day, the S&P 500 traded up 0.68%, and the Nasdaq Composite traded up 1.08%.
The DJIA stock posting the largest daily percentage gain ahead of the close Friday was McDonald’s Corp. (NYSE: MCD) which traded up 1.95% at $156.06. The stock’s 52-week range is $110.33 to $156.33 and the high was posted this afternoon. Volume was 15% below the daily average of around 3.5 million. The company had no specific news.
Best Gold Stocks To Own For 2018: Inter Parfums, Inc.(IPAR)
- [By Monica Gerson]
Inter Parfums, Inc. (NASDAQ: IPAR) is estimated to post its quarterly earnings at $0.31 per share on revenue of $110.58 million.
Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) is expected to report its quarterly earnings at $0.37 per share on revenue of $1.10 billion.
Best Gold Stocks To Own For 2018: Gol Linhas Aereas Inteligentes S.A.(GOL)
- [By Monica Gerson]
Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL) is expected to post a quarterly loss at $0.73 per share on revenue of $705.31 million.
Caretrust REIT Inc (NASDAQ: CTRE) is estimated to post its quarterly earnings at $0.26 per share on revenue of $22.21 million.
- [By Lisa Levin]
Regional Airlines: The industry dropped 1.9 percent by 11:00 am. The worst performer in this industry was Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL), which declined 5.8 percent.
- [By Dan Caplinger]
Yet some stocks didn’t participate in the rally, instead contending with negative news of their own. Zoe’s Kitchen (NYSE:ZOES), GOL Lineas Aereas Inteligentes (NYSE:GOL), and Sarepta Therapeutics (NASDAQ:SRPT) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
Best Gold Stocks To Own For 2018: Zions Bancorporation(ZION)
- [By Jon C. Ogg]
In the super-regional banks that are not money center banks, Regions Financial Corp. (NYSE: RF) was up 6.3% at $13.22, and Zions Bancorporation (NASDAQ: ZION) was last seen up 3.8% at $38.30. They would both do better with lower regulatory costs and be able to better compete against larger banks when their stress test results had not been as strong.
Best Gold Stocks To Own For 2018: Gladstone Land Corporation(LAND)
- [By Cameron Swinehart]
Gladstone Land Corp (LAND) –
A U.S. based farmland investment company that currently offers a plus 9% annual distribution. It owns and leases farmland in Florida, California, Michigan and Oregon with appraised land value of $79 million. The distribution is paid monthly which should attract income investors.
Best Gold Stocks To Own For 2018: OpGen, Inc.(OPGN)
- [By Paul Ausick]
OpGen Inc. (NASDAQ: OPGN) posted a new 52-week low of $0.33 on Thursday, down more than 21% compared with Wednesday’s closing price of $0.42. The stock’s 52-week high is $4.65. Volume totaled around 4.8 million shares, more than 10 times the daily average. The company this morning priced a secondary offering of 25 million units at $0.40 per unit. Each unit comprised one share of common stock and one warrant to purchase another share within 5 years at an exercise price of $0.425.
Best Gold Stocks To Own For 2018: Dean Foods Company(DF)
- [By Lisa Levin]
Dean Foods Co (NYSE: DF) posted weaker-than-expected earnings for its first quarter on Tuesday.
Dean Foods said it earned $0.13 per share in the first quarter on revenue of $2.00 billion; Analysts were expecting the company to earn $0.18 per share on revenue of $1.097 billion.
- [By Peter Graham]
The Q4 2016 earnings report for small cap Dean Foods Co (NYSE: DF) is scheduledfor before the market opens onThursday (February 16th) with the strongest volume performance seen in yearsbeing reported the last time around.
- [By Ben Levisohn]
Dean Foods (DF) has gained 2.3% to $19.19 after getting upgraded to Overweight from Neutral at JPMorgan.
SeaWorld Entertainment (SEAS) has dropped 2.2% to $18.47 after getting cut to Sell from Neutral at Citigroup.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Avon Products, Inc. (NYSE: AVP) to report quarterly earnings at $0.10 per share on revenue of $1.62 billion before the opening bell. Avon Products shares rose 2.39 percent to $6.00 in after-hours trading. Analysts expect MGM Resorts International (NYSE: MGM) to report quarterly earnings at $0.20 per share on revenue of $2.44 billion before the opening bell. MGM shares rose 1.01 percent to $29.90 in after-hours trading. Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected results for its second quarter and raised its quarterly dividend to $0.29 per share. Cisco shares rose 2.13 percent to $33.52 in the after-hours trading session. Before the markets open, Dean Foods Co (NYSE: DF) is projected to report its quarterly earnings at $0.41 per share on revenue of $2.01 billion. Dean Foods shares rose 0.49 percent to $20.55 in after-hours trading. Tripadvisor Inc (NASDAQ: TRIP) posted weaker-than-expected results for its fourth quarter on Wednesday. Tripadvisor shares dropped 5.60 percent to $49.75 in the after-hours trading session. Analysts are expecting Waste Management, Inc. (NYSE: WM) to have earned $0.77 per share on revenue of $3.42 billion in the latest quarter. Waste Management will release earnings before the markets open. Waste Management shares rose 2.27 percent to $72.97 in after-hours trading.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Peter Graham]
A long term performance chart shows shares of WhiteWave Foods peakingtwo summers in a rowwhile mid capThe Hain Celestial Group, Inc (NASDAQ: HAIN) also peaked two summers in a rowandsmall cap Dean Foods Co (NYSE: DF) has been moving a bit higher for the past couple of years:
- [By Benzinga News Desk]
In the parched terrain just south of the United States border, the prices of food and other necessities follow the dollar, whose value has been climbing: Link
ECONOMIC DATA Industrial Production (MoM) for Feb 0.00% vs 0.20% consensus estimate; Manufacturing Outputs (MoM) for Feb 0.50% vs 0.40% consensus estimate. The University of Michigan's consumer sentiment index for March is schedule for release at 10:00 a.m. ET. The index of leading economic indicators for February will be released at 10:00 a.m. ET. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET. ANALYST RATINGS Wunderlich upgraded Adobe Systems (NASDAQ: ADBE) from Hold to Buy FBR Capital upgraded L Brands (NYSE: LB) from Market Perform to Outperform Morgan Stanley upgraded Dean Foods (NYSE: DF) from Neutral to Overweight Baird downgraded Patheon (NYSE: PTHN) from Outperform to Neutral Citigroup downgraded SeaWorld Entertainment Inc (NYSE: SEAS) from Neutral to Sell Goldman Sachs downgraded Macerich (NYSE: MAC) from Neutral to Sell
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