October 12, 2017: Markets opened lower Thursday, bounced higher at midday, and then sank again. Unimpressive earnings from two of the country’s largest banks didn’t help and a move higher on the producer price index was attributed to higher energy prices due to hurricanes in the Gulf. Utilities and real estate were the big sector winners today, while telecom and financials lagged. WTI crude oil for November delivery settled at $50.600 a barrel, down about 1.4% on the day. December gold added 0.6% on the day to settle at $1,296.50. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.17% for the day, the S&P 500 traded down 0.19%, and the Nasdaq Composite traded down 0.14%.
The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was The Walt Disney Co. (NYSE: DIS) which traded down 1.63% at $96.95. The stock’s 52-week range is $90.32 to $116.10. Volume was about 40% above the daily average of around 7.9 million shares. Guggenheim downgraded the stock this morning and cut the price target from $122 to $105.
top mutual funds: Pure Cycle Corporation(PCYO)
- [By Lisa Levin]
In trading on Tuesday, utilities shares fell 0.46 percent. Meanwhile, top losers in the sector included Korea Electric Power Corporation (ADR) (NYSE: KEP), down 4 percent, and Pure Cycle Corporation (NASDAQ: PCYO), down 2 percent.
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested small cap water and wastewater services stockPure Cycle Corporation (NASDAQ: PCYO) as a long/bullish trade:
top mutual funds: PetroShare Corp. (PRHR)
- [By SEEKINGALPHA.COM]
Just one company joined the calendar, micro-cap gunshot detector ShotSpotter (Pending:SSTI), and one micro-cap company filed, DJ Basin E&P PetroShare (OTCQB:PRHR). We had expected more JOBS-Act filers this week as Monday marked the first day to file for companies preparing for post-Memorial Day launches.
top mutual funds: Nektar Therapeutics(NKTR)
- [By Ben Levisohn]
Nektar Therapeutics (NKTR) has soared 21% to $18.80 after positive results from a pain-killer trial.
Tiffany (TIF) has gained 1.6% to $93.90 after getting upgraded to Outperform from Market Perform at William Blair.
- [By Todd Campbell]
Nektar Therapeutics (NASDAQ:NKTR) is an intriguing commercial-stage biotech company that’s just reported positive late-stage trial results for its pain-busting drug NKTR-181. However, shares have jumped on the news, and the company’s market cap has swollen to more than $3 billion. Is there more running room left for its investors?
- [By Sean Williams]
Shares of Nektar Therapeutics (NASDAQ:NKTR), a biopharmaceutical company that utilizes its proprietary intellectual property via licensing deals and through collaborations in the clinical development process to help fight cancer, autoimmune diseases, and chronic pain, surged as much as 20% on Thursday after the company reported its fourth-quarter and full-year results after the closing bell on Wednesday.
- [By Lisa Levin]
Shares of Nektar Therapeutics (NASDAQ: NKTR) got a boost, shooting up 38 percent to $21.33 after the company reported that it has met its primary and secondary endpoints in Phase 3 Summit-07 study for chronic pain.
top mutual funds: Patni Computer Systems Limited(PTI)
- [By Lisa Levin]
Proteostasis Therapeutics Inc (NASDAQ: PTI) shares shot up 162 percent to $6.16 after the company disclosed 'positive' PTI-428 data with statistical significance.
- [By William Romov]
Before we show you our pick, here are the top 10 penny stocks to watch this week
Penny Stock Current Share Price Nov. 27-Dec. 1 Gain (as of Dec. 1)
Pyxis Tankers Inc. (Nasdaq: PXS) $4.10 122.83%
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) $1.28 68.42%
Cerecor Inc. (Nasdaq: CERC) $1.74 47.46%
Proteostasis Therapeutics Inc. (Nasdaq: PTI) $2.52 37.71%
UT Starcom Holdings Corp. (Nasdaq: UTSI) $5.20 37.20%
WMIH Corp. (Nasdaq: WMIH) $0.96 33.46%
PhaseRx Inc. (Nasdaq: PZRX) $0.90 30.29%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $2.04 29.94%
EV Energy Partners LP (Nasdaq: EVEP) $0.86 27.76%
Catalyst Pharmaceuticals Inc. (Nasdaq: CPRX) $4.40 25.71%
FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, its completely free
top mutual funds: T-Mobile US, Inc.(TMUS)
- [By Adam Levy]
Meanwhile, lower-end competitor T-Mobile (NASDAQ:TMUS) has focused on offering more value to its customers without relying on big mergers with media companies. And while T-Mobile is managing to increase its prices, AT&T and Verizon are seeing many of its customers switch to lower-priced, or at least higher-value, plans — if not switching carriers altogether.
- [By Lisa Levin]
T-Mobile US Inc (NYSE: TMUS) reported upbeat earnings for its fourth quarter on Tuesday.
Integrated Device Technology Inc (NASDAQ: IDTI) agreed to acquire GigPeak Inc (NYSE: GIG) for around $250 million in cash.
Charles River Laboratories Intl. Inc (NYSE: CRL) reported better-than-expected profit for its fourth quarter.
Amkor Technology, Inc. (NASDAQ: AMKR) posted downbeat revenue for its fourth quarter and issued a weak outlook for the current quarter.
- [By Douglas A. McIntyre]
One of the notable things about the mall is the number of troubled retailers it houses. Long term, this may be bad for the mall’s finances. Macy’s, Abercrombie & Fitch Co. (NYSE: ANF), GameStop Corp. (NYSE: GME) and Gap Inc. (NYSE: GPS) have locations. However, Mall of America has buttressed its tenant list with scores of restaurants and with retailers like Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT) and T-Mobile US Inc. (NASDAQ: TMUS), which have very well-financed parents.
- [By Chris Lange]
24/7 Wall St. took a peek at plans from Verizon Communications Inc. (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US Inc. (NASDAQ: TMUS) and Sprint Corp. (NYSE: S). We have also provided some of the key highlights from each plan. In a separate post we looked at which companies offer the best service.
- [By Peter Graham]
In the earnings call, the CEO said an announcement on merger talks should come in the “near future” as the Company is reputably exploring options -including a merger with rival carrier T-Mobile US (NASDAQ: TMUS) as well as a tie-up with cable provider Charter Communications:
top mutual funds: ONEOK Inc.(OKE)
- [By Matthew DiLallo]
Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.
- [By Garrett Cook]
Citi maintains Buy ratings on Targa Resources (NYSE: TRGP), ONEOK (NYSE: OKE) and Oneok Partners (NYSE: OKS) citing the companies stories around natural gas liquids (NGLs).