Stocks jumped back from modest declines that came late in Thursday’s trading session, and by the closing bell, both the Dow Jones Industrial Average(DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) indexes had posted tiny gains.
Today’s stock market
Data source: Yahoo! Finance.
Oil prices posted losses for the second straight day, and that dragged the popular United States Oil ETF(NYSEMKT:USO)down by 1.3%. Financial stocks modestly outperformed, allowing the Financial SelectSector SPDR ETF (NYSEMKT:XLF)to rise slightly for the day.
stock market for dummies: Cresud S.A.C.I.F. y A.(CRESY)
- [By Cameron Swinehart]
Cresud (CRESY) –
An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.
stock market for dummies: Norwegian Cruise Line Holdings Ltd.(NCLH)
- [By Monica Gerson]
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.
Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is projected to post its quarterly earnings at $2.31 per share on revenue of $338.86 million.
- [By Teresa Rivas]
Norwegian Cruise Lines (NCLH) was up nearly 7% on Wednesday afternoon, following its fourth-quarter earnings report.
Norwegian said that it earned 56 cents a share, a penny ahead of analysts’ expectations. Revenue rose 8.5% to $1.13 billion, also squeaking past the $1.11 billion consensus estimate.
For the full year, Norwegian said it expects to earn between $3.75 and $3.85 a share, with a midpoint a penny above the $3.79 average analyst estimate. It’s first-quarter EPS guidance of 36 cents also came in ahead of the 34-cent consensus.
Instinet analyst Harry Curtiswrites that after recent missteps, it was “vital” for Norwegian’s forecast to meet expectations but not seem too optimistic, a balancing act he believes the company achieved.
He reiterated a Buy rating and $52 price target on the stock:
NCLHs 2017 EPS outlook ($3.75 to $3.85) brackets our forecast ($3.75) and the Streets ($3.79). However, we believe there could be upside to that range, given the positive booking and pricing trends so far this year. We remain positive on the shares of NCLH, which we believe should continue to outperform through 2017.
Norwegian was recently up 6.8% to $51.49.
- [By Dan Caplinger]
The stock market once again proved its resiliency on Wednesday, bouncing back from extensive declines early in the session to recover most of its losses. The Dow Jones Industrials actually managed to post yet another record close with a modest gain, and although other major market benchmarks suffered declines, they weren’t significant. Moreover, some favorable news from certain pockets of the market helped bolster investor confidence. Toll Brothers (NYSE:TOL), Lantheus Holdings (NASDAQ:LNTH), and Norwegian Cruise Line Holdings (NASDAQ:NCLH) were among the top performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
stock market for dummies: Perceptron, Inc.(PRCP)
- [By Lisa Levin]
Perceptron, Inc. (NASDAQ: PRCP) shares shot up 14 percent to $7.23. Perceptron reported Q2 earnings of $0.27 per share on revenue of $21.75 million.
stock market for dummies: Skyworks Solutions, Inc.(SWKS)
- [By WWW.MONEYSHOW.COM]
We also favor Skyworks Solutions (SWKS), a previous winner in our model portfolio which is expected to end its recent earnings slump in 2017 following the Apple (AAPL), long a staple among our stock picks, has just spurted ahead again. Once as high as $132, it slumped to $90 in 2015 on growth skepticism.
- [By Lisa Levin]
Shares of Skyworks Solutions Inc (NASDAQ: SWKS) got a boost, shooting up 12 percent to $87.70 after the company reported upbeat results for its first quarter and issued a strong outlook for the second quarter. The company also announced a $500 million buyback plan.
- [By WWW.THESTREET.COM]
But Skyworks (SWKS) reported a remarkable quarter, yet it’s getting hit.
It showed some terrific Internet of Things orders and not just Apple (AAPL) and Samsung, although both are excellent customers in a very big year.
- [By Ben Levisohn]
Skyworks Solutions (SWKS) soared to the top of the S&P 500 today after beating first-quarter earnings forecasts, and offering above-consensus second-quarter guidance.
Skyworks Solutions gained 13% to $88.67, while the S&P 500 rose 0.3% to 2,271.31.
Oppenheimer’s Rick Schafer and team argue that Skyworks’ “growth [is] back on track.” They explain:
We expect Skyworks to deliver above-market growth driven by 1) continued smartphone content gains; 2) China share gains through strengthening baseband partnerships and demand for integrated (vs. discrete) RF solutions; 3) seasonal uptick at Samsung; and 4) continued double-digit RF complexity increases. With its “one-stop-shop” systems-level approach, we seeSkyworks uniquely positioned to benefit from rising RF content. We reiterate Outperform and raise PT to $105 from $100.
Skyworks Solutions’ market capitalization rose to $16.5 billion today from $14.6 billion yesterday.
- [By Arie Goren]
Semiconductor companies have done very well in the last year. In fact, in the last 52 weeks, the average price change for the sixteen semiconductor stocks which are included in the S&P 500 index was 35.62%. In this period the price change of the S&P 500 was 11.94%, and of the Nasdaq Composite Index was 8.99%. Moreover, only two S&P 500 semiconductor companies Skyworks Solutions (NSDQ:SWKS)and First Solar (NSDQ:FSLR)have seen their stock prices decline in the last 52 weeks.